February 20, 2015 |
ATLANTIC CITY - Financial pressure on Atlantic City will intensify this year as taxable real estate values are expected to plummet to $7.35 billion from more than $11 billion last year. But instead of sharply raising the tax rate as the city has done in each of the last two years to keep revenues stable, the city is taking a sharper scalpel than ever to its operations, Mayor Don Guardian said Wednesday evening in his State of the City address before the City Council. "This year we have no intention of doing that," Guardian said, referring to boosting the property-tax rate.
February 13, 2015 |
Billionaire investor Nelson Peltz's Trian Group is pressing his campaign to squeeze cash out of the DuPont Co. even faster by making good on his threat to run with three allies against board of directors candidates backed by DuPont chairman and chief executive Ellen Kullman. Bondholders worry that Kullman has already given Peltz more money than is good for them. Peltz's firm Wednesday praised DuPont's nomination of turnaround specialists Edward Breen (ex-boss of Tyco International )
January 29, 2015 |
Sunoco Logistics Partners L.P., the Philadelphia pipeline and fuel terminal operator, increased its cash distribution Tuesday for the 39th straight quarter. The company will pay 40 cents per common unit on Feb. 13 to unit-holders of record on Feb. 9, a 5 percent increase over the previous quarter's distribution of 38.25 cents. The boost represents a 21 percent increase over the 33.12-cent-per-unit distribution 12 months ago. Among its projects, Sunoco Logistics is building the Mariner East pipeline to transport natural gas liquids from the Marcellus Shale region to its Marcus Hook Industrial Complex on the Delaware River.
January 26, 2015 |
They have been coy so far, but come next Monday the men and woman who want to be Philadelphia's next mayor need to show their hands. That is the deadline to file finance reports for campaign funds raised in 2014. The figures revealed in those reports will go a long way toward determining the true pecking order among candidates. They should also offer a hint as to how much more life will be injected into a campaign that has morphed in the last week from a rather sleepy affair into a potential barn burner.
January 25, 2015 |
As a dealer of paintings and prints, Nathan Isen specialized in selling Warhols, Dalís, and the works of other modern artists to Main Line connoisseurs and investors nationwide. But when a less-than-savory customer showed up at his storefront with $20,000 in cash - bound in rubber bands, stuffed in a brown paper bag, and reeking of marijuana - Isen didn't turn her away. In fact, federal prosecutors said Friday, the 61-year-old art dealer, whose I. Brewster & Co. gallery is a Museum Row mainstay, proved only too accommodating.
January 20, 2015 |
Eight months ago, the Upper Darby High School Indoor Drumline was on top of the world. When the team came home from a stellar showing in the annual Winter Guard International World Championships in Ohio, police cruisers and fire trucks met the bus carrying 40-plus students and escorted them on the final three miles of their trip to a raucous welcome at the school. This winter, the short-term goal is a little more down to earth: Just to get to Dayton. While Upper Darby's champion "Marching Royals" drill up to 20 hours a week to nail down their colorful, percussion-driven performance, called "Celebration of Life," parents and boosters are stepping up the beat of fund-raising - scrambling to raise the $40,000 the drumline needs for a full season and to compete again in the top division at the worlds.
January 8, 2015 |
THE MATCHUP between City Councilman Kenyatta Johnson and real-estate developer Ori Feibush, already the most contentious Council race in the May 19 Democratic primary, may also be the most expensive. Feibush's investment of more than $250,000 in his own campaign yesterday triggered a doubling of the contribution limits in the 2nd District race. The Philadelphia Board of Ethics announced that the limits - normally $2,900 for individuals and $11,500 for political-action committees and unincorporated business organizations - were increasing to $5,800 and $23,000.
January 1, 2015 |
OAKLAND, Calif. – The 76ers were focused on improving their perimeter defense. They also should have concentrated on limiting their turnovers. That - not three-point defense - was their glaring Achillies' heel Tuesday night against the Golden State Warriors. The Sixers committed 28 giveaways in a 126-86 loss at Oracle Arena. The Warriors (25-5) scored 43 points off the visitors' turnovers. Eleven of the Sixers' turnovers were committed in the first quarter. The Warriors did make 12 of 28 three-pointers and blocked 11 Sixers' shots.
December 20, 2014 |
Dozens of jewelers, pawnshops, and other cash-for-gold locations in New Jersey municipalities violated state laws, potentially cheating customers, the state Attorney General's Office said. The most common violations included using unregulated scales, not posting precious-metal prices in prominent places, and not keeping proper receipts, according to a news release from the Attorney General's Office. An October crackdown in the state's urban areas led the office's Division of Consumer Affairs to file municipal court summonses accusing 71 stores of 9,967 civil violations.
December 18, 2014 |
DISTRICT ATTORNEY Seth Williams yesterday charged Philadelphia-area state representatives Ron Waters and Vanessa Lowery Brown with bribery, criminal conspiracy and conflict of interest in connection to a grand jury probe into legislators taking envelopes full of cash in exchange for political promises. Waters and Brown, both Democrats, were subjects of a grand jury investigation into the political dealings of various Pennsylvania elected officials that has already taken down some, including Sen. LeAnna Washington and former Philadelphia Traffic Court Judge Thomasine Tynes.