February 14, 2014 |
Comcast Corp. and Time Warner Cable Inc. formally announced Thursday that the two cable giants would merge in an all-stock transaction valued at $45.2 billion. Comcast will control the combined entity in a deal that values Time Warner shares at $158.82 a share. Comcast chief executive Brian Roberts said on Thursday morning in a conference call with analysts that a merger with Comcast and Time Warner Cable will create a "near national platform" for its cable-TV and broadband businesses with exposure in 43 of the nations top 50 TV markets.
February 13, 2014 |
Chris Cerf, Gov. Christie's education commissioner for the last three years, who helped usher in big changes like a new tenure law, a new teacher-evaluation system, and increased school choice, announced Tuesday that he would step down at the end of the month. Cerf, 59, is leaving his $141,000-a-year post to work for an educational-technology company headed by his old boss, former New York City schools Chancellor Joel Klein. The former deputy chancellor will become chief executive of Amplify Insight, a division of Amplify, owned by Rupert Murdoch's News Corp.
February 8, 2014 |
Stephen T. Murchake, 58, of the Cecil section of Monroe Township, chief of Cecil Fire Company No. 1 from 1992 to 2013, died of cardiac arrest on Thursday, Jan. 30, at Kennedy University Hospital in Washington Township. Born in Philadelphia, Mr. Murchake graduated from what is now Camden County Technical Schools and was a lifelong electrician, his wife, Kathleen, said. Most recently, she said, he worked in South Jersey for an electrical contracting firm in Bucks County. A relative, who was a former chief of the Cecil Fire Company, introduced him to the firefighting life, she said.
January 31, 2014 |
CHIEF. When you saw him as a player you saw the nickname, an ode to his Native heritage, a nickname Craig Berube not only accepted but embraced. The chiseled face, the unwavering willingness to scrap and fight, it was a moniker made for the man, or so we thought. But now you hear "Chief" and it carries more. Much more. The ease by which it rolls off his players' tongues is a testament to the manner by which he has carried himself in his first gig as an NHL coach. He's the boss.
January 26, 2014 |
Anthony P. DiSilvestro will succeed B. Craig Owens as chief financial officer of Campbell Soup Co. in May, the Camden company said Friday. Owens, 59, who has been Campbell's CFO and chief administrative officer since 2008, plans to retire May 1. DiSilvestro, 55, has been a financial executive at Campbell since 1996, most recently as senior vice president of finance. He is also the top financial officer for Campbell North America, the company's largest division. In addition to soup, Campbell manufactures and sells Pepperidge Farm breads, cookies and crackers; V8 and Bolthouse Farm juices, and Plum Organics baby foods.
January 25, 2014 |
Dilworth Paxson L.L.P., an old-line Center City law firm long active in politics and civic life, has named Ajay Raju, a corporate lawyer with Reed Smith L.L.P., to serve as its new chief executive and cochairman. Firm leaders said they expected Raju would help develop new business while bolstering Dilworth's civic involvement. Raju, who for a time served as managing partner of Reed Smith's 170-lawyer Philadelphia office, has built a substantial practice representing corporate clients in mergers and acquisitions and other transactional work, and maintains close contacts with business interests in India, where he was born.
January 23, 2014 |
MORRISVILLE Morrisville hired a police chief Tuesday night, ending more than a year of leaderless turmoil during which a temporary chief quit after two weeks and contended the borough was barreling toward "catastrophe or tragedy. " Council members voted to choose Philadelphia Police Lt. George McClay. Contract details were still being worked out, but the position was advertised at $85,000 to $90,000. McClay will lead the force in the wake of lawsuits filed by one man who contended his fellow officers harassed him and another who filed a complaint with the U.S. Equal Opportunity Employment Commission alleging a hostile work environment.
January 17, 2014 |
HARRISBURG - Even as talks continue in the Capitol about privatizing wine and liquor sales, the state Liquor Control Board has selected a new chief to oversee its day-to-day operations. The board on Wednesday appointed John E. Metzger as acting executive director, replacing Joe Conti. The position has been vacant since August. Metzger has worked for the board for four years and is its supply chain director. Among Metzger's responsibilities are directing the LCB's administrative and business operations, managing its executive team, and working with its three-member board to come up with new strategies and initiatives to improve the agency.
January 17, 2014 |
John Hanson, the chief financial officer of the Delaware River Port Authority, was named Wednesday as interim chief executive of the DRPA to replace John Matheussen, who has been appointed a state Superior Court judge by Gov. Christie. Hanson also appears to have the inside track to get the job permanently, although DRPA board members said they would conduct a nationwide search. Hanson, 53, a certified public accountant from Cherry Hill, is a former DRPA board member and a former chairman of the Camden County Republican Party.
January 15, 2014 |
TRENTON The New Jersey Senate on Monday confirmed Delaware River Port Authority chief executive John Matheussen as a Superior Court judge, despite some lawmakers' concerns about a continuing federal investigation of the agency's spending. The legislators who opposed the nomination also cited a March 2012 report by state Comptroller Matthew Boxer, who examined management at the agency and concluded that "in nearly every area we looked at, we found people who treated the DRPA like a personal ATM. " At a Judiciary Committee hearing earlier Monday, Sen. Gerald Cardinale (R., Bergen)