Fairfield County Business Journal articles from October 1992

Fairfield County Business Journal archives from October 1992

Latest round of job cuts blunts near-term outlook for a recovery in county. (Fairfield County, Connecticut)
October 5, 1992... Expectations for an economic rebound in Fairfield County were dealt a setback last week with the announcements that two major employers plan to eliminate a total of 1,800 well-paying manufacturing jobs. The job reductions come as a result of...

Investor accuses Berkley, LEP plc of improprieties. (William Berkley of LEP Group PLC sued by investor Itoba Ltd.)
October 5, 1992... GREENWICH -- A corporate investor has charged that Greenwich insurance tycoon William Berkley and other corporate officials fraudulently failed to disclose the true state of the financial condition of a company they were involved with. Itoba...

Political compromise will keep pension, health care reforms on a middle course. (Assistant Secretary of the Labor Department Pension and Welfare Benefits Administration David G. Ball's speech in Greenwich, Connecticut)
October 5, 1992... GREENWICH -- A top federal Labor Department official ripped presidential candidate Bill Clinton's proposals for pension and health care reform, but acknowledged that a bipartisan compromise on those issues was more likely to be adopted than...

Forget the Dow - keep an eye on the mark. (foreign exchange market) (Focus: Banking/Finance)
October 5, 1992... The foreign currency crisis in September leapt off the front pages and into the consciousness of average Americans, thereby raising a lot of questions. Most people could understand that the value of some foreign currencies fell relative to...

Winning Cold War was easy compared to marketing in today's global economy. (marketing strategists Jack Trout and Al Reis)
October 5, 1992... GREENWICH -- When you listen to Al Ries and Jack Trout for a few minutes, you find yourself looking at marketing from a mind's-eye point of view. And from that viewpoint, you'll probably begin to see holes in a lot of things you've always...

Office vacancy rates dip in Fairfield, on the rise in Westchester County. (Connecticut and New York State)
October 5, 1992... Third-quarter office vacancy reports released last week show Fairfield and Westchester counties on opposite poles of the economic barometer. Fairfield County continues to enjoy positive absorption of office space, while Westchester, especially...

Woman president takes helm at Connecticut National Bank. (Eileen Kraus) (Focus: Banking/Finance)
October 5, 1992... HARTFORD -- Connecticut National Bank is aiming at profitability with a new president at the helm, a strategic plan to regain its financial strength, and a distinctive feminine touch. Eileen S. Kraus was named president of Connecticut National,...

Bankruptcy court, creditors accept Rosenshein plan. (Bernard Rosenshein's bankruptcy reorganization of Rosenshein Associates)
October 12, 1992... WHITE PLAINS, N.Y. -- A developer attempting to emerge from Chapter 11 bankruptcy protection will take public a number of well-known retail projects in Fairfield and Westchester County to repay creditors. Rosenshein Associates of New Rochelle,...

Arrest warrant sought for Graphic Color exec. (Martin J. Keefe and Edward L. Duffy, owners of Graphic Color Plate Inc.)
October 12, 1992... Former workers of defunct printer seek back wages STAMFORD -- State prosecutors are seeking an arrest warrant for the owner of a failed Stamford printing company, while former employees are crying "foul" about the company's business practices,...

Investing in Stamford is Marlo's game plan. (Marlo Associates; Stamford, Connecticut)
October 12, 1992... STAMFORD -- Buried among the bad news of a still-struggling Fairfield County economy are individual business people who see opportunities now to invest in the future. Part of that campaign to help rebuild Stamford's downtown retail business...

Anyone looking to market overseas should be prepared to communicate. (Lawler Communications Company Inc.) (Company Profile)
October 12, 1992... MAMARONECK, N.Y. -- If you want to hear some strong and well-substantiated opinions about marketing technical products overseas, you'll enjoy talking with Larry Lawler, founder and owner of Lawler Communications Company Inc. About half the...

Restauranteur Emilio Martinez finds his 'land of opportunity.' (Company Profile)
October 12, 1992... STAMFORD -- At Emilio Martinez' Mexican restaurants in Stamford and Larchmon, N.Y., the Don's casa es su casa. "We are like a family here," said Martinez. "When you come into my house, I want you to feel welcome. I want people to feel...

Worker-friendly desk design takes pain out of computing. (WERxtation) (Focus: Telecom/Office Products)
October 12, 1992... HAWTHORNE, N.Y. - Sadeg M. Faris is waging war on the desktop industry. His mission is to annihilate work environment pollution -- the clutter of loose wires, computers and telephones on office desks -- and he's arming himself with the...

New York Tel moves information how, when and where clients want it. (New York Telephone Co.)
October 12, 1992... New York Telephone is forging a path in the telecommunications industry by keeping abreast of and adopting the latest technological advancements. "We are no longer simply in the telephone business, just as IBM is no longer simply in the...

Bridgeport a step closer to revival. (renovation of Bridgeport, Connecticut's central business district)
October 19, 1992... BRIDGEPORT -- The city is moving forward with plans -- and money -- to improve its image by sprucing up the central business district. Between $5 million and $7 million is allocated for a project set to begin next spring that targets the city's...

Stamford developers losing second building to lender foreclosure. (Aetna Life Insurance Co.; Stamford, Connecticut's Dock Street Associates LP)
October 19, 1992... STAMFORD -- Aetna Life Insurance Co. of Hartford is about to begin foreclosure proceedings against the owners of One Dock Street, an 87,500-square-foot office building located off Canal Street in Stamford. The insurer holds a $10 million...

At Berni Corp., all things come in good packages. (Company Profile)
October 19, 1992... GREENWICH -- The Berni Corp. fights for your attention every time you go into a supermarket. For 55 years, this Greenwich company has specialized in helping marketers groom their packaging to make the right impression -- so you'll pick it out...

Numbers provide encouraging sign for Fairfield County housing market. (Fairfield County, Connecticut) (Focus: Real Estate/Environment) (Industry Overview)
October 19, 1992... Fairfield County's single-family house market showed a moderate pick up during the first nine months of the year -- a positive sign for the county's residential real estate sector, according to Peter G. Helie, president of William Pitt Real...

Morgan Stanley's rendition of 'I love New York' hits sour note in Stamford. (Morgan Stanley Group Inc. chooses to stay in New York, New York; Stamford, Connecticut)
October 26, 1992... NEW YORK -- After months of soul-searching, Morgan Stanley Group Inc. reached a decision on where it wants to be for the next decade, and it was bad news for Connecticut. The financial services giant announced at an Oct. 19 press conference...

Unpaid former workers of Graphic Color Plate recount a bizarre story.
October 26, 1992... STAMFORD -- Former employees of the failed Stamford printing firm Graphic Color Plate Inc. are continuing efforts to have their former boss arrested for not paying their salaries. Workers and others familiar with Graphic Color have revealed...

Purdue Frederick Co. sues two employees, citing $1 million theft.
October 26, 1992... NORWALK -- Two employees in the accounting department of the Purdue Frederick Co. embezzled more than $1 million in a check-writing scheme that went undetected for more than three years, according to a lawsuit filed by the company in Bridgeport...

State seed money helps attract high-tech venture PSI to Shelton. (PSI Medical Products Inc. relocates to Shelton, Connecticut)
October 26, 1992... SHELTON -- A medical instrument company with a new method for treating kidney stones has relocated to Shelton, supported by state funds and carrying the promise of future jobs for Fairfield County. PSI Medical Products Inc., formerly based in...

Ken Saco Associates brings a touch of Manhattan elegance to corporate design. (Company Profile)
October 26, 1992... RYE, N.Y. -- Walk into the offices of Ken Saco Associates Inc. and while you're being welcomed, a pleasant event in its own right, you'll feel a growing awareness of two things: There's a lot of glass so this outfit obviously isn't afraid to be...