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Category Archives: Wall Street

Hovnanian’s headquarters overlooking the Navesink River. Red Bank-based Hovnanian Enterprises is trying to refinance some $759 million in debt even as other homebuilders are beginning to buy land again, today’sContinue reading "WSJ: HOV SEEKING DEBT RESTRUCTURING"
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September 28th, 2009 @ 8am
Remember: Nothing makes a Red Bank friend happier than to hear "I saw you on Red Bank Green!"
redbankgreen Classics
Hovnanian Enterprises, the Red Bank-based national homebuilder, has announced the death of its founder, Kevork Hovnanian. No details were given about the cause or date of death. Hovnanian lived inContinue reading "KEVORK HOVNANIAN DIES AT 86"
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September 25th, 2009 @ 1pm
A former broker at the Red Bank office of Merrill Lynch was indicted by a Monmouth County grand jury yesterday on charges that he swindled $500,000 from more than twoContinue reading "MERRILL BROKER INDICTED FOR FRAUD"
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September 11th, 2009 @ 5am
HOV POSTS 12TH CONSECUTIVE NET LOSS
Hovnanian’s HQ, at the foot of Maple Avenue in Red Bank. Homebuilder Hovnanian Enterprises has notched its third straight year in red ink, according to data released Wednesday. The glimmerContinue reading "HOV POSTS 12TH CONSECUTIVE NET LOSS"
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September 3rd, 2009 @ 7am
Hovnanian's headquarters on West Front Street. Red Bank-based Hovnanian Enterprises sharply cut its net loss in the quarter ended April 30, compared to year-prior levels. But the publicly traded homebuilder continued to slash prices in the face of contract cancellations...
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June 3rd, 2009 @ 6am
Looks like downtown Red Bank is about to get a little bit more green — New York Jets green. Wayne Chrebet, a former receiver famous for making third-and-long catches in heavy traffic, has joined the Linden Place office of Morgan...
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May 27th, 2009 @ 11am
Looks like downtown Red Bank is about to get a little bit more green — New York Jets green. Wayne Chrebet, a former receiver famous for making third-and-long catches in heavy traffic, has joined the Linden Place office of Morgan...
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May 27th, 2009 @ 11am
A Fair Haven investment adviser who is reported to have a villa in France was charged in federal court in Newark today with running a Ponzi scheme, the Star-Ledger is reporting. The criminal allegations against Maxwell Smith follow earlier allegations...
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May 6th, 2009 @ 2pm
A Morris County judge today froze the assets of a Fair Haven investment adviser who is alleged to have swindled an elderly client out of $9 million over a decade, according to reports by the Star-Ledger and Morristown's Daily Record....
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April 23rd, 2009 @ 4pm
Those three spheres featured in last week's 'Where' seem to be quite the eye-catchers. Installed outside the TD Ameritrade office on Broad Street (Route 35) at Monroe Avenue in Shrewsbury, they're clearly decorative, and lend a touch of whimsy to...
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April 9th, 2009 @ 8am
Hovnanian's head office, as seen from the foot of Maple Avenue. Red Bank-headquartered Hovnanian Enterprises, one of the nation's largest homebuilding companies, saw its losses accelerate in the most recent quarter. The company posted a net loss of $178.4. million...
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March 11th, 2009 @ 6am
Fair Haven's first-ever trip to the Wall Street debt markets yesterday resulted in a bond sale at a better-than-expected interest rate, borough officials tell the Asbury Park Press. From the Press: The 10-year bonds sold for an interest rate of...
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March 6th, 2009 @ 8am
HOV HQ on West Front Street, Red Bank. A near stoppage in mortgage lending drove Hovnanian Enterprises to its ninth consecutive quarterly loss in the period ending October 31, the Red Bank-based homebuilder reported yesterday. According to Bloomberg, the loss...
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December 17th, 2008 @ 7am
The U.S. economy may be smashing into a wall, but Rumson's Mickey Gooch — owner of and columnist at the Two River Times, sometime quarrelsome neighbor and Wall Street billionaire — is still doing just fine, thank you very much,...
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November 20th, 2008 @ 2pm
"It's something that affects all of us. It's not just a Wall Street bailout," says Jan Gardiner, of Locust. Today's Washington Post reports the results of a poll that finds voters deeply divided over the terms of the government's $700...
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October 1st, 2008 @ 10am
Ferry commuters to Wall Street, besieged by blowback over the spreading-around-the-globe credit meltdown they helped create, will see a slight dip in the monthly fare charged by SeaStreak beginning tomorrow. Assuming, of course, that there still is a Wall Street...
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September 30th, 2008 @ 7am
Homebuilder Hovnanian Enterprises, based in Red Bank,posted its eighth consecutive quarter in the red, reporting a net loss of $202.5 million for the fiscal quarter ended July 31. The loss equated to $2.67 per share, compared with a loss $1.27...
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September 4th, 2008 @ 6am
The company's headquarters overlooking the Navesink River. Red Bank-based national homebuilder Hovnanian Enterprises saw its second-quarter losses increase elevenfold from last year as land valuations and revenues plunged again amid what Dow Jones calls "the worst housing downturn since the...
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June 4th, 2008 @ 7am
The R-FH Euro challengers: from left, Sam Wilson, Robbie Trocchia, Margot Keale, Steven Fuschetti and Jennifer Lapp. If you think understanding the U.S. economy is a brain-buster, try overlaying its complexity with currency exchange rates, European history and social trends...
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May 12th, 2008 @ 2pm
Much as it was for other retailers, the late-2007 holiday shopping season was tough one for Tiffany & Co., which opened a store in Red Bank just as the season was kicking off. But even as its fourth-quarter profit shrank,...
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March 24th, 2008 @ 8am
Partyline
CARS, BARS AND VANS
Middletown resident Rob King was cruising through the Red Bank municipal parking lot behind the Dublin House Saturday night in his 1969 Plym ...
TWO SHORTS IN FILMONEFEST
Leonardo Morales Pitalua, a 20-year-old animator who lived in Red Bank until February, will have two short films shown at FilmOneFest in Hig ...
LONG DOGGONE WAIT
Partyline photo: The driver of an e-bike and his human passenger wait at the Monmouth Street train crossing while a northbound NJ Transit tr ...
WE’RE LICHEN THIS FUNGHI!
A mushroom sprouts from the mouth-like hole in this lichen-covered tree on the grounds of Red Bank Primary School Tuesday morning.
HELL STRIP FIREWORKS
Revelers launched fireworks from the hell strip in front of a home on Drs. James Parker Boulevard on July 4, one of many impromptu and quest ...
Swimming river sculling 062026
SWIMMING, ER, SCULLING RIVER?
Partyline photo captures a single rower working their way up the Swimming River.
SUMMER SUNRISE
A stunning Sunrise on the Navesink River in Red Bank Tuesday June 30.
BRAZEN LAWLESSNESS?
Who does this? One of those famously (and, yes apocryphally) illegal-to-remove mattress tags lies on the plaza outside the Count Basie Cente ...
SUNNY SKIES, JAZZY VIBES AT RED BANK ARTS FEST
A jazz combo comprised of current and former students of the Red Bank-based Jazz Arts Project performed at the first Red Bank Arts Festival ...
COOL JUNE BRIDE RIDE
It’s a wedding thing. (Photo and text by Rosann Dal Pra)  
RED BANK CLASSIC 5k
Runners at the starting line of the Red Bank Classic 5k Saturday morning.
WORLD CUP WATCH PARTY AT COUNT BASIE FIELD
Solid turnout, festive vibes and a huge Mexico win: Count Basie Park World Cup Watch Party photos. (Click to read)
DOUBLE RAINBOW OVER RED BANK
Partyline contributor captures stunning double rainbow over Red Bank.
RED BANK: SINKHOLE ON SHREWSBURY AVE
Emergency sinkhole repairs closed Shrewsbury Avenue northbound traffic for most of the day Wednesday.
NAVESINK SUNRISE
Partyliner captures stunning sunrise over the Navesink River in Red Bank.
DRONES SCRUB BANK BUILDING
Partyline photo: A power washing drone was used to clean the exterior of the Ocean First Bank Building at 110 West Front Street recently.
MESSAGE TO READERS
Please stand by: A quick message to readers about a pause in news coverage.
IN THE DISTANCE, NEW STATUE UNVEILED
A new monument commemorating the 250th anniversary of US Independence is unveiled in a park that only has a Red Bank mailing address.
CARPY DIEM
From the redbankgreen Partyline: A pair of large carp cruise the shallows under Hubbard's Bridge (Senator Kyrillos Bridge) on Front Street T ...
BIBS ON FOR OPENING DAY
Partyline: Two longtime neighbors re-unite for lobsters on the Boondocks Fishery opening day.