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BUSINESS
May 24, 2016
Securities trades recently reported to the Securities and Exchange Commission by officers, directors and principal shareholders of corporations based or having sizable employment in the Philadelphia area. Titles are as reported to the SEC. American Water Works Co. Deborah A. Degillio , officer and treasurer, sold 1,866 shares at $74.29 to $74.31 on May 17, and now directly holds 1,279 shares. Loyd Aldie Warnock , officer, sold 483 shares at $74.46 to $74.50 on May 10, and now directly holds 7,920 shares.
ENTERTAINMENT
May 21, 2016 | By Virginia A. Smith, For The Inquirer
The garden in May makes David Jensen's heart soar, especially the last two weeks, for all the floral delights popping to life around this time. Irises and daffodils are favorites, but like most gardeners, his list is way longer. "You could spend your annual vacation in the garden during those two weeks," says this former Moorestown resident and globe-trotting Comcast executive, who just might do that someday. First, he wants to share the story of his splendid South Jersey garden in a new book, The Garden Interior: A Year of Inspired Beauty (Morgan James Publishing, $17.95)
BUSINESS
May 17, 2016
Securities trades recently reported to the Securities and Exchange Commission by officers, directors and principal shareholders of corporations based or having sizable employment in the Philadelphia area. Titles are as reported to the SEC. American Water Works Co. Inc. Walter J. Lynch , chief operating officer, sold 37,995 shares at $74.33 to $74.50 on May 9 to May 10, and now directly holds 179,528 shares. Ametek Inc. James R. Malone , director, sold 6,363 shares at $46.76 on May 10, and now directly holds 4,900 shares.
BUSINESS
May 14, 2016 | By Bob Fernandez, Staff Writer
Comcast Corp. expanded its discounted Internet Essentials program to older Philadelphians, the company said Thursday. The cable giant launched the program for older residents in Seattle, San Francisco, and Palm Beach County, Fla., last year and then agreed during cable-TV franchise negotiations with Philadelphia officials to add it here. Internet Essentials entails high-speed broadband service for $10 a month and since its inception in 2011 had been available only to low-income families with schoolchildren.
BUSINESS
May 12, 2016 | By Harold Brubaker, Staff Writer
Comcast Corp. paid company founder Ralph J. Roberts' widow $326 million this year to end its obligations under an executive perk awarded to Roberts in 1992, Comcast said in a regulatory filing in April. The payment to Suzanne Roberts, 94, was part of an effort to unwind a form of life insurance once common as a component of executive pay, but a relic since the Sarbanes-Oxley Act and IRS rules cracked down on the plans in 2002. Ralph Roberts died last June at 95. Comcast also paid $164 million to terminate life-insurance policies that were becoming more expensive each year because of Suzanne Roberts' age, the Philadelphia company said in its proxy statement, which details executive compensation.
BUSINESS
May 10, 2016
Securities trades recently reported to the Securities and Exchange Commission by officers, directors and principal shareholders of corporations based or having sizable employment in the Philadelphia area. Titles are as reported to the SEC. Comcast Corp. Judith Rodin , director, sold 635 shares at $60.75 on May 2, and now directly holds 14,947 shares. Crown Holdings Inc. Gerard H. Gifford , officer, sold 15,000 shares at $53.79 on April 27, and now directly holds 93,393 shares.
NEWS
May 5, 2016
ISSUE | COMCAST Virtual reality? Does Comcast really think the shareholders will buy their smokescreen excuse that a "virtual" meeting on May 19 will save the company money on meeting costs at the Kimmel Center ("Comcast shareholders will meet online," April 27)? Comcast made $8.2 billion in profits last year, its top six executives were paid $176 million, it has agreed to acquire DreamWorks Animation for $3.8 billion - and the cable giant is cutting corners? |Vicky Benedict Farber, Narberth
NEWS
May 2, 2016
Tara Lachapelle is a Bloomberg View columnist Comcast's interest in DreamWorks Animation SKG is about more than just this one acquisition, which at $3.8 billion would appear relatively tiny in comparison to Comcast's $150 billion market value. The broader shift is that the industries now defined as telecommunications, cable television, and entertainment are morphing into one, and there's a slow race in the United States to scoop up the best targets before they're gone. The lines have already blurred thanks to a few mega-mergers, including Comcast's acquisition of NBCUniversal, starting with a 51 percent stake in 2009 and then the rest for $16.7 billion in 2013 when General Electric was ready to exit the venture.
BUSINESS
April 30, 2016 | By Jonathan Takiff, Staff Writer
Even harsh critic Reed Hastings, CEO of Netflix, had something nice to tweet about Comcast after the cable giant announced Wednesday that it will soon raise the data-cap limits now being imposed on some broadband subscribers. In the Southern states (Alabama, Arkansas, Georgia, Kentucky, Louisiana, Mississippi, Tennessee, South Carolina, Virginia, and Florida) where Comcast has been testing a usage cap of 300 gigabytes per month before the customer has to pay overcharges, the ceiling will be lifted June 1 to 1 terabyte (1,000 gigabytes)
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