Business news in brief

Posted: January 05, 2013

In the Region

SuperValu shares soar 20 pct.

Shares of SuperValu Inc. leaped 14 percent to $2.94 Friday on reports that an investor group led by Cerberus Capital Management L.P. is nearing a deal to acquire some of the grocery chain's assets. Speculation over a possible sale of SuperValu has swirled since July, when it retained Goldman Sachs Group Inc. and Greenhill & Co. to examine options. SuperValu is the parent company of Malvern-based Acme Markets. - Bloomberg News

Labor peace for Resorts

Resorts Casino Hotel has signed a contract with the main casino workers' union, ending a more than two-year dispute with Local 54 of Unite-Here. Both sides signed off on the deal in late December, but didn't disclose the pact until this week. The deal has "terms and conditions essentially the same as those reached by other Atlantic City casinos," said Resorts spokeswoman Courtney Birmingham. - AP

Discovery Labs CEO resigns

Discovery Laboratories Inc., of Warrington, said that W. Thomas Amick, 70, had resigned as chairman and chief executive officer. The board of directors named John Cooper, 54, who was executive vice president and chief financial officer, as the drug company's new president and CEO. Shares of Discovery closed down 4.7 percent, or 11 cents, at $2.23. - David Sell

UniTek sheds wireline unit

UniTek Global Services Inc., a Blue Bell provider of outsourced services, such as engineering and installation, for the wireless and broadband cable industries, sold its wireline business unit to NX Utilities L.L.C., of West Norriton, for $5.9 million as of Dec. 28. The wireline group accounted for $70.4 million of UniTek's $432.3 million in 2011 revenues. - Mike Armstrong

Imperial buys Ore. rival

Imperial Parking Corp. acquired City Center Parking, a parking management company based in Portland, Ore., which operates 198 parking facilities. Terms were not disclosed. Based in Vancouver, British Columbia, Imperial Parking operates 2,300 locations in North America and has its U.S. headquarters in Philadelphia. - Inquirer staff


No charges for Berkshire exec

David Sokol, a former top Berkshire Hathaway executive who many investors expected to succeed Warren Buffett one day, reportedly won't face any charges for the questionable trades involving Lubrizol that he made shortly before resigning in 2011. - AP

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