Short Cuts

Marketing Services Group Inc. , a New York-based direct marketing services company, has completed the final closing on a private placement of common stock in an amount equal to $6.8 million. The proceeds will be used to retire debt and complete its minority investment in GreaterGood.com

GreenPoint Financial Corp., based in New York, has formed of GreenPoint Online, a new division to coordinate the Internet activities of the firm’s business units and explore new marketing opportunities for its specialty housing finance and consumer banking businesses.