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Business Plan

BUSINESS
August 19, 2014 | By Joseph N. DiStefano, Inquirer Staff Writer
Eight-and-a-half years after the judge sent him upstate, Pennsylvania's parole board sent David Downey home from Waymart State Correctional Institution , after stints at Graterford and Camp Hill , to suburban Philadelphia, and his business plan. He had been convicted of drug delivery resulting in the 2005 death of a teenage escort-service worker, Ashley Burg . She was killed by a cocaine overdose at Downey's home. Downey had been a government intelligence veteran and then turned to being a business consultant.
BUSINESS
May 22, 2014 | By Paul Nussbaum, Inquirer Staff Writer
With increased state funding and stable ridership, SEPTA officials are unveiling a five-year plan to attract more riders, repair crumbling infrastructure, and improve customer satisfaction. Having emerged from last year's doomsday scenarios into a hopeful era of what SEPTA planners call "innovation, integration, and renewal," the officials outlined Tuesday a blueprint for the future that was to be presented to the agency's board for approval in July. Meeting with transit users and supporters at SEPTA's Center City headquarters, Byron Comati, director of strategic planning, said legislative approval late last year of a $2.3 billion boost in statewide transportation funding has allowed SEPTA to plan more boldly.
BUSINESS
July 22, 1988 | By Dan Stets, Inquirer Staff Writer
Catalyst Energy Corp., the parent company of the firm that runs the Center City steam loop, agreed yesterday to a $202.5 million buy-out offer from the son of T. Boone Pickens, the Texas oilman and corporate takeover specialist. Thomas B. Pickens 3d signed an agreement with Catalyst, of New York, to acquire the approximately 18 million outstanding shares of Catalyst for $11.25 a share. Pickens formed a new company, Merrimac, for acquiring Catalyst's stock and taking the company private.
NEWS
April 25, 2014 | By Amelia Brust, Inquirer Staff Writer
PHILADELPHIA The bad news for Philadelphia bicyclists: A bike-sharing program, like ones other cities have, won't be launched here this fall, as previously hoped. The good news: Officials plan to announce Thursday that it will happen next spring. Mayor Nutter's office has chosen the contractors who will operate the fledgling system. B-Cycle, a Wisconsin-based firm that supplies bike-share systems around the nation, plans to provide 1,800 bikes and 185 stations for Philadelphia.
NEWS
November 20, 2009 | By Paul Davies
Jennifer Zoga and Liz Bales tried to follow all the right steps when they started their new business in Chestnut Hill. They put together a business plan, found a location on a busy street, and lined up the necessary financing. But they didn't count on getting kneecapped by petty Philadelphia politics. Their story is a cautionary tale for anyone who wants to start a small business in this city. Zoga and Bales, two smart moms who live in Chestnut Hill, spent a couple of years planning Good Food Market, an upscale shop that sells prepared foods and caters to other busy neighborhood families.
BUSINESS
September 15, 1994 | By Susan Warner, INQUIRER STAFF WRITER
Woodward & Lothrop, the Washington parent of Philadelphia's John Wanamaker stores, presented its creditors with a five-year business plan that projects modest sales increases and lower expenses. The business plan, detailed in New York on Tuesday, outlines how the company intends to operate after emerging from bankruptcy. Woodward & Lothrop filed for protection from its creditors in January and expects to complete its bankruptcy reorganization in the spring.. "Overall, the business plan was well-received," Robert Mang, chairman of Woodward & Lothrop, said yesterday.
NEWS
February 19, 2014 | By Sulaiman Abdur-Rahman, Inquirer Staff Writer
Marilyn Allena values faith, Catholic education, and the quiet of country living. All three drove Allena, 54, to recently enroll her fourth-grade son and seventh-grade daughter at St. John the Baptist School in Ottsville, Bucks County. "I feel St. John's is absolutely the right school for them," Allena said. "I don't know what I would do if they said they were considering to close. " Two years ago, St. John's was indeed slated to close, one of more than four dozen schools targeted as the Archdiocese of Philadelphia sought ways to save money and consolidate shrinking schools.
BUSINESS
May 20, 2012 | By Bob Fernandez, INQUIRER STAFF WRITER
A Tredyffrin Township mail-processing center that employs 733 will be closed and its operations consolidated in Philadelphia, but a second center in Horsham was spared in this nationwide round of cutbacks announced by the U.S. Postal Service, which faces billions of dollars in losses. One hundred forty postal facilities are slated for closure, according to a list released Thursday night by the Postal Service. An additional 89 are expected to be announced in the future. The 229 closings will eliminate 28,000 jobs and are expected to save the Postal Service $2.1 billion a year.
NEWS
July 31, 2012 | Stu Bykofsky
YOU KNOW we're in the summer doldrums when a Chicken War is hatched to take center stage. After the president of the Chick-fil-A chain stated he opposes gay marriage based on what the Bible says, he was blasted in the media, which is OK, while a few elected officials said they planned to ban his restaurants, which is not OK. The sanctimonious mayors of Deep Blue Boston and Chicago fumed that Dan Cathy's words were discriminatory and discrimination can't...
REAL_ESTATE
October 7, 2013 | By Alan J. Heavens, Inquirer Real Estate Writer
Developer Ken Weinstein has a knack for finding opportunities in places where others see none. Upper Darby and Norristown, to name two suburban locations, as well as city neighborhoods. In 2009, Philadelphia-based Weinstein and business partner Stan Smith paid $1.1 million for the 84,000-square-foot former Verizon Corp. building across from the Upper Darby Township building. They rehabbed it for offices as 7200 Chestnut. In Norristown, Weinstein's firm, PhillyOfficeRetail, is completing work at 317 Swede St., across from the Montgomery County Courthouse, and commercial space at 401 DeKalb St., in the county seat's reemerging business district.
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