July 30, 2016 |
Vanguard closed to new shareholders one of its most popular dividend mutual funds Thursday, saying it topped out at $30 billion as yield-hungry investors sought to earn income on their portfolios. Current investors in the Vanguard Dividend Growth Fund can still put money in, but new investors are out of luck. It's yet another sign that dividend-paying stocks have become the new bonds. Currently, 300 of the S&P 500 index companies yield more than the 10-year Treasury note, a phenomenon that has not occurred since 2009, according to data from asset-management firm Nuveen.
December 23, 2014 |
Sometimes, Richard J. Cohen says, people are under the mistaken impression that nonprofits don't have to pay as much attention to the bottom line as their for-profit brethren in the corporate world. "One of my core philosophies is that a not-for-profit is a business," said Cohen, 67, chief executive of the Public Health Management Corp., the Philadelphia manager and operator of more than 350 public health programs. "It's just not for profit. "I don't make money from it," he said.
December 18, 2014
NADIA JAMES, 25, of Fishtown, is founder of Griot Digital. The digital-marketing startup helps clients with content marketing and brand storytelling. James, a graduate of Duke University, formerly worked for LinkedIn in London, running international social-media campaigns for Samsung, American Express and Chanel. Q: How'd you come up with the idea for Griot Digital? A: When I left LinkedIn in 2013, people were writing content, but a lot of it wasn't good and you'd see many versions of the same thing.
November 6, 2014 |
The Victor Lofts - a 341-unit luxury apartment building, hailed during its renovation a decade ago as a sign of Camden's rebirth - is up for sale. The waterfront high-rise is listed with CBRE Inc., a commercial real estate firm with offices throughout the region, for an undisclosed price. Developer Carl Dranoff converted the old Radio Corp. of America "Nipper" Building into the 356,420-square-foot apartment building in 2003, and said Tuesday that the building is at 93 percent occupancy.
August 30, 2013 |
AND THEN, the lamb opened the fifth seal, and I heard the voice of the fifth living creature say, "Come and see!" I looked, and there before me was a maroon horse. Its rider was holding a Sharpie in his right hand, an 8-by-10 photograph in his left. Then I heard what sounded like a voice among the five living creatures saying, "Thirty minutes without football, and an address to the team regarding the situation and lessons learned. " With that, it vanished, the last layer of pretense fading soft into the Indianapolis night.
July 11, 2013 |
Penn National Gaming Inc., one of six applicants for the second Philadelphia casino license , is running new advertisements touting how its proposed Hollywood Casino Philadelphia would save the city's schools and pension system. In public hearings in February and May, representatives of Wyomissing, Pa.-based Penn National said that it would own one-third of the $480 million casino planned for 700 Packer Ave. in the stadium district, and that a nonprofit called Philadelphia Casino Benefit Corp.
December 4, 2012 |
Atlas Pipeline Partners L.P., of Philadelphia, said Monday that it will pay $600 million for the operating assets of Cardinal Midstream L.L.C., a private Dallas company that operates natural gas processing plants and pipelines concentrated in Oklahoma. Atlas said the acquisition, which is expected to close by the end of the year, would increase earnings guidance for 2013 by over 20 percent and distributable cash flow per unit by 3 percent to 5 percent in 2013. The company will issue 9.25 million common partnership units to fund the deal.
October 28, 2012 |
Deep in debt and unable to pay, Michael F. Orlando Jr. had a proposal. He asked his South Philadelphia loan shark if he might earn credit - and good will - by working as a street collector. But the alleged shark, Damion Canalichio, nixed the idea. Orlando's loan wasn't his to forgive, Canalichio said. It belonged to "Stevie and Joey," shorthand that Orlando took to mean reputed mob boss Joseph Ligambi and a lieutenant, Steve Mazzone. "It's Uncle Joe's money?" Orlando asked in the 2002 conversation, recorded by the FBI. "Yeah," Canalichio said.
July 24, 2012 |
NEW YORK — Small companies are finding ways to get cash without going to the bank. Since the financial crisis, it's been harder for small companies to get loans because banks are afraid that they won't be paid back. Many small businesses that qualify for financing are reluctant to take on debt because they're skeptical about the economy improving. Amid that uncertainty, some small-business owners are turning to services that help them get paid faster while others are making deals to stretch out payments without accruing interest.
August 3, 2011 |
The Universal theme park in Florida with its popular Harry Potter attraction and the high-grossing box-office blockbuster Fast and Furious 5 helped boost Comcast Corp.'s pro forma second-quarter revenue by 9.4 percent. The Philadelphia-based company lost fewer cable-TV subscribers during this year's second quarter than the last year's - 238,000 compared with 265,000 - and added more high-speed Internet customers, which has been a focus of growth for Comcast. The company added 144,000 Internet customers compared with 118,000 added in the year-ago quarter.