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Category Archives: Wall Street

This time three weeks ago, shares of Hovnanian Enterprises were at a seven-year low, trading below $5 apiece. Four dollars and eighty cents, actually, as of the close on Jan. 9. No doubt investors who'd bought the stock as it...
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February 1st, 2008 @ 7am
Remember: Nothing makes a Red Bank friend happier than to hear "I saw you on Red Bank Green!"
redbankgreen Classics
What's going on with SeaStreak, the ferry that runs between Manhattan and piers in Atlantic Highlands and Highlands? Yesterday, a handful of runs were canceled. The ferry company attributed the moves to delays in obtaining "certification of documentation for the...
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January 17th, 2008 @ 5pm
Ailing national homebuilding giant Hovnanian Enterprises saw its stock and debt downgraded by a major ratings agency yesterday, but investors bid the company's stock up neatly anyway. The price of a share rose 70 cents, or almost 12 percent, to...
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January 17th, 2008 @ 6am
Today's Star-Ledger takes a look at the "dismal" year that Red Bank-based Hovnanian Enterprises has had. And the coming year doesn't look at lot brighter. But to make that point, the page-one story kicks off with an an anecdote that...
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December 26th, 2007 @ 8am
File photo of Hovnanian's Red Bank HQ, as seen from the foot of Maple Avenue. Amid a widespread credit shutdown, Hovnanian Enterprises said its fourth-quarter net loss quadrupled over year-ago results. The Red Bank-based homebuilding company yesterday reported a net...
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December 19th, 2007 @ 7am
Today's New York Post features a Q&A with Rumsonian Mickey Gooch, who among other things is a Wall Street billionaire, head New Jersey fundraiser for GOP presidential hopeful Rudy Giuliani and co-owner, with his wife Diane, of the Red Bank-based...
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December 10th, 2007 @ 9am
Slashing sticker prices and throwing in extra amenities, Hovnanian Enterprises reports that its weekend sales push on new housing units nationwide exceeded expectations. Wall Street cheered the report, boosting the battered homebuilder's stock price yesterday. From a report on Bloomberg.com:...
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September 18th, 2007 @ 6am
Today's Star-Ledger reports that Red Bank-based homebuilding giant Hovnanian Enterprises is cutting prices and offering incentives worth up to $240,000 on unsold new homes, discounts that industry experts call unprecedented. From the story, by business reporter Joe Perone: Just a...
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September 13th, 2007 @ 8am
Already struggling against a tide of falling real estate values, Red Bank-based homebuilding giant Hovnanian Enterprises is now, like others in its industry, fighting a rip current brought on by the collapse of the subprime mortgage market. The company reported...
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September 7th, 2007 @ 6am
A rumor that billionaire investor Warren Buffett was buying shares of Hovnanian Enterprises lifted the Red Bank-based homebuilder's shares 12 percent last Friday. But so far today, the shares, while up, aren't going nuts. According to BigCharts, the shares were...
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July 16th, 2007 @ 10am
Virginia Bauer, who rallied Congresss to enact tax breaks for families of Sept. 11, 2001 victims after her husband died in the attack, is leaving her post as state Commerce secretary to take a job with the real estate firm...
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July 12th, 2007 @ 7am
By LINDA G. RASTELLI Joe Cullity doesn’t like to make a big deal out of his hip injury, and speaks reluctantly about the day he got it — September 11, 2001. "I was lucky I was late for work," he...
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June 1st, 2007 @ 7am
The pissing match between Wall Street millionaires Pete Dawkins and Mickey Gooch gobbled up another three hours of valuable Monmouth County court time yesterday, according to today's Asbury Park Press. And if the judge was amused, it was largely because...
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May 19th, 2007 @ 12pm
Continuing fallout from the storm: SeaStreak has canceled some of its ferry runs between Highlands/Atlantic Highlands and Manhattan. Meanwhile, the Asbury Park Press is reporting that Ocean Avenue in Sea Bright has been reopened to traffic. A 12:22p posting on...
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April 16th, 2007 @ 1pm
A New York Stock Exchange floor trader from Little Silver was sentenced to 27 months in federal prison yesterday for his guilty plea to charges of "trading ahead" of clients, or buying stocks for his or his firm's account at...
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October 14th, 2006 @ 12am
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.