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BUSINESS
March 5, 2014 | By Harold Brubaker, Inquirer Staff Writer
Frustrated by a large number of small, fraudulent competitors, two of the largest Philadelphia-area ambulance operators recently joined forces. "The last couple of years have been really difficult for both companies. It's a very tough market," said Steve Barr, president and chief executive of Keystone Quality Transport Co., which has taken over the management of rival EMStar L.L.C. Company officials described the deal - which took effect Feb. 9, shortly after federal regulators launched an intensified crackdown on ambulance fraud in the Philadelphia region - as an alliance rather than a merger of the two privately owned medical transportation companies.
BUSINESS
January 15, 2012 | By Candice Choi, Associated Press
Consumers are demanding better service in unprecedented ways. In the last several months, public outrage has helped beat back efforts by Bank of America Corp., Netflix Inc., and Verizon Communications Inc. to raise fees or significantly alter services. The victories come at a time when money is tight all around and consumers are tapping into social media to air their frustrations with like-minded individuals. "In the past, people would be angry, but they'd be all over the country talking to their neighbors," said Kit Yarrow, a professor of consumer psychology at Golden Gate University.
NEWS
May 16, 2012 | By Juliana Reyes, It's Our Money Writer
WHEN IT comes to large vacant buildings, developer Tony Rufo knows how to spot potential. More than a year ago, Rufo transformed the shuttered Nathaniel Hawthorne School into the Hawthorne Lofts: 53 units of luxury loft-style condominiums. The development offers floor-to-ceiling windows, a roof deck with a stunning view of Center City and ultra-low taxes thanks to a 10-year tax break from the city. According to Rufo's website, every unit has sold. But 2 miles south, just around the corner from South Philadelphia High School, sits a very different kind of Rufo property.
BUSINESS
November 11, 2013 | By Joseph N. DiStefano, Inquirer Staff Writer
The companies headed by Nicholas Schorsch have bought more than $10 billion worth of hotels, clinics, stores, apartments, stockbrokerages, and investment funds across the United States, doubling their collective size. And that's just so far this year. "This is not growth for growth's sake," the fast-moving, solidly built Schorsch, 52, insisted in a conference call with investors Thursday. Rather, he said, "it is an all-out effort to gain competitive advantage" by growing so big that the group can buy and sell assets more cheaply.
NEWS
August 6, 1992 | By Claire Furia, INQUIRER CORRESPONDENT
Berwyn and Paoli Fire Company officials agreed Tuesday to let Chester County's 911 task force decide for them the most efficient service boundaries for the two companies. The agreement, reached at a meeting with Tredyffrin Township officials, ends a longstanding dispute over which volunteer company could better serve certain areas in Tredyffrin. The dispute focused particularly on the Chesterbrook development of 2,392 homes and dozens of businesses now in the Berwyn company's service territory.
BUSINESS
October 19, 1989 | By Glenn Burkins, Inquirer Staff Writer
Nelson Bean's business depends on tragedy. Tuesday's earthquake in Northern California and last month's hurricane in South Carolina are the stuff on which his Evans American Corp. thrives. Founded eight years ago in Houston by his father, the company specializes in catastrophe management - helping companies rebuild their crumbled facilities far more quickly than normal. "I don't know anybody who does exactly what we do," said Bean, president of the company. "I know people who rebuild damaged buildings, but we fit into a niche market inside of a niche market.
NEWS
August 14, 2011 | Mike Armstrong, INQUIRER STAFF WRITER
Shareholders had their say on pay in a big way at public companies this year. But anyone expecting widespread revolt over the big sums that many executives earned was probably disappointed. Just 37 of 2,293 companies whose shareholders had voted on compensation practices as of June 21 had failed to receive at least 50 percent of the shares voted in favor of those practices, according to Semler Brossy Consulting Group L.L.C. , a Princeton compensation consulting firm.
NEWS
March 6, 2013
I TRACE MY roots back to 1862 (yes, during the Civil War) and railway legislation signed by Abraham Lincoln. Based in Omaha, I'm a top American transportation enterprise, with a railroad network spanning 23 states (mainly in the West) and more than 30,000 miles. I employ more than 40,000 people, use more than 8,000 locomotives and rake in more than $20 billion annually as I serve about 10,000 customers. My biggest customers include steamship lines, vehicle manufacturers, agricultural companies, utilities, intermodal companies and chemical manufacturers.
NEWS
October 31, 1991 | By Valerie Reed, Special to The Inquirer
Ten Bucks County companies earned places on the Philadelphia 100, an annual list of fast-growing, privately held small companies in the Delaware Valley. "This year's companies are smaller than last year, more highly focused and probably have better long-term prospects," said David Thornburgh, director of the Wharton Small Business Development Center and manager of the project. "These are companies that have better defined their niche and have served those markets. They haven't had a strong economy to benefit from.
NEWS
October 10, 1991 | By Joyce Vottima Hellberg, Special to The Inquirer
Bill Madway decided to take his own advice. After helping hundreds of people start their own companies, Madway started a research firm specializing in helping businesses buy and sell. "Research can help a company plan for the future by finding strengths and weaknesses and what the demand is for the company's product or service," Madway said. "The key is gathering information.. . . In a recession like the one we are in now, companies have to be more cautious about how they spend their money.
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NEWS
August 30, 2014 | By Peter Dobrin, Inquirer Culture Writer
When leaders of the Pennsylvania Ballet grew weary of a seemingly endless loop of financial strain, they turned to Michael M. Kaiser. With unpaid vendors knocking on the Philadelphia Theatre Company's door and its chances of surviving increasingly in doubt, it was Kaiser who was tapped to gauge how bad the crisis was, why it existed, and what could be done. From his perch in Washington, Kaiser, 60, has become an unseen hand in the Philadelphia arts realm, consulting with PTC and the ballet, the Mural Arts Program, Philadanco, and the Asian Arts Initiative.
NEWS
August 29, 2014 | By A.D. Amorosi, For The Inquirer
Since 2006, Philadelphia's Mauckingbird Theatre Company has focused on gay-themed stage works - eight years during which progress on such issues as gays in the military and same-sex marriage might have quieted its ardor. But no. "Our mission has always been, and will continue to be, to tell good stories from a queer perspective, no matter what else is going on," says Mauckingbird artistic director Peter Reynolds, a company cofounder with producing director Brandon McShaffrey and managing director Lindsay Mauck.
NEWS
August 27, 2014 | By Peter Dobrin, Inquirer Culture Writer
Civic leaders have stepped in with a provisional plan to bring Philadelphia Theatre Company back from the brink of financial collapse, and, possibly, secure its long-term viability. The rescue plan, which ties new financial support to a re-organization of the company, was instigated by philanthropist Suzanne Roberts, mother of Comcast chairman Brian Roberts and a longtime patron of the company, and was fleshed out with help from Comcast executive vice president David L. Cohen. It calls for arts consultant Michael M. Kaiser, departing president of Washington's Kennedy Center, to develop a new business plan that is more detailed than the analysis he has already provided at the behest of the Roberts family.
NEWS
August 23, 2014 | By Walter F. Naedele, Inquirer Staff Writer
Robert C. Pappas, 75, of Radford, Va., owner of a Bellmawr firm that he moved to Virginia in 1992, died of cancer on Friday, Aug. 15, at home. Born in Bridgeview, Ill., Mr. Pappas graduated from Argo Community High School in Summit, Ill., and served as a paratrooper in the 101st Army Airborne Division from 1958 to 1961, for a time in Korea, a daughter, Eve Pappas, said in a phone interview. Mr. Pappas earned a bachelor's degree in business and finance in night classes at Northwestern University while working for Intercraft Industries Corp.
NEWS
August 22, 2014 | By Mari A. Schaefer, Inquirer Staff Writer
Haverford Township soon will house its ambulances on the Haverford College campus and at the Bon Air Fire Company, officials have announced. The township recently contracted with University of Pennsylvania Health Systems for emergency medical services - ending 60-year-old arrangements with two local fire companies. Officials say the move will save the township about $440,000 annually. "Haverford Township is really upping the level of service in this area," James McCans, paramedic director for the township, said of the agreement.
NEWS
August 18, 2014 | By Steven Rea, Inquirer Columnist
Creighton Rothenberger and Katrin Benedikt were at the fabled Chinese Theatre on Hollywood Boulevard the other night, where Sylvester Stallone , Arnold Schwarzenegger , Harrison Ford , Mel Gibson , Wesley Snipes , Antonio Banderas , and Jason Statham rolled up in limos and posed for photos before trotting in to The Expendables 3 premiere. Rothenberger and Benedikt were right alongside them. The couple, who moved to Los Angeles from Philadelphia seven years ago to make it in the movie business, share screenplay credit - with Stallone - on the second sequel in the elder-statesmen action romp.
BUSINESS
August 16, 2014 | By Jeff Gelles, Inquirer Staff Writer
The Consumer Financial Protection Bureau has forced a retail chain, USA Discounters, to pay $400,000 and a mortgage lender, Amerisave Mortgage Corp., and its owner to pay more than $20 million in refunds and penalties for deceptive charges imposed on service members and home buyers, the agency said this week. The CFPB said Amerisave used a deceptive "bait-and-switch" scheme, luring customers with mortgage rates available only to people with an unusually high FICO credit score of 800 - even when they had entered a lower score on a referral site that led to Amerisave.
NEWS
August 9, 2014 | By Bonnie L. Cook, Inquirer Staff Writer
Richard H. Beltz, 92, of Wynnewood, a carpet manufacturer and decorated World War II veteran, died Friday, Aug. 1, of an artery ailment at his home. Mr. Beltz worked with his father, Clarence, in the family's carpet manufacturing business, Beltz & Son, in Philadelphia. Later, he and his son, Rick, operated the business until it was sold a decade ago. Mr. Beltz retired in 1983. The role that Mr. Beltz most valued was being a provider for his family. "His family's well-being was always of utmost important," his relatives said in a tribute.
NEWS
August 4, 2014 | By Walter F. Naedele, Inquirer Staff Writer
William D. Widerman was a starting pitcher for the Duke University baseball team and a member of the V-12 Navy College Training Program intended to produce officers during World War II. There came a time when his North Carolina college team played an exhibition game against a military team, starring no less than the Red Sox leftfielder Ted Williams, who had led the American League in homers in 1941 and 1942. The reason that the major-league star was playing against a college team, likely in 1943, is lost to Widerman family memory, but a Marines website reports that some of Williams' training to become a Marine Corps pilot took place at Chapel Hill, N.C. The Splendid Splinter made the day memorable.
NEWS
August 1, 2014 | By Walter F. Naedele, Inquirer Staff Writer
Richard Schmid, 65, of Cinnaminson, a member of the board of directors of Pemberton Fabricators Inc. in Rancocas, died of lung cancer Saturday, July 26, at home. "He was extremely dedicated, very loyal to the company," said Robert Murnane, president of the firm. Mr. Schmid had been a board member for the last five years, Murnane said, and had been production control and computer systems manager since he joined the firm 19 years ago. Born in Philadelphia, Mr. Schmid graduated from Father Judge High School in 1967 and served as a medic in the Army Reserve until 1973.
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