April 16, 2016 |
Few mundane household tasks conjure a sense of looming disaster quite like the process of installing a window air-conditioning unit. Yet, for decades, many of us have returned each spring to the dread ritual: balancing a 50-pound metal box on the rim of a windowsill with one hand while jamming the windowpane shut with the other, and hoping the whole thing doesn't end up crashing to the ground or, worse, onto the head of a passerby below. So, Kurt Swanson, a mechanical engineer with a passion for thermodynamics, set out to build a better air conditioner.
April 4, 2016 |
America is in the midst of an opioid epidemic, and Egalet Corp. thinks it can help. The Wayne company has developed technology that makes it harder for prescription painkillers to be altered for a quick high. The company's "abuse-deterrent" technology arrives at an auspicious time; the federal government is calling for stricter guidelines governing the distribution of opioids, and many companies are trying to find the right niche as new rules are developed. Egalet is one of more than a dozen companies working on abuse-deterrent formulations of oxycodone, hydrocodone, and morphine, and its stock has been on a wild ride.
April 2, 2016 |
The Federal Trade Commission has sued Endo International, alleging that the company violated antitrust laws by entering into "anticompetitive reverse-payment" deals to block lower-cost generic versions of Endo's pain medicines. Endo is accused of "pay for delay" agreements with Watson Laboratories, now part of Allergan, and Impax Laboratories to stay off the market with cheaper generic copies of Endo's Opana ER, an opioid drug, and Lidoderm, a lidocaine patch, the FTC said in a complaint filed Thursday in U.S. District Court in Philadelphia.
March 31, 2016 |
Tonight - after way too long a winter hiatus - Fox's hip-hop drama, Empire, is back. So many unanswered questions: Will Rhonda, the pregnant wife of Lucious' son Andre, survive her tumble down the stairs? And who threw her? Will Anika ever tell Lucious' other son, Hakeem - played by handsome West Philadelphian Bryshere Y. Gray (Yazz the Greatest) - that she is preggers with his baby? And will Lucious be able to wrest his beloved company, Empire Entertainment, from the evil, manicured clutches of Camilla, whose salty character is well-portrayed by supermodel Naomi Campbell?
March 28, 2016 |
Ever so rarely, a company known for quiet growth in a sleepy business takes a secret, daring, unsettling step to try to reinvent itself as something bigger and bolder. Aqua America , the for-profit Bryn Mawr-based water company formerly known as Philadelphia Suburban, has grown for years by purchasing modest-sized town water and wastewater systems, boosting consumers' water rates, updating equipment, and enriching investors with dividends in states that encourage public-utility private enterprise.
March 19, 2016 |
When Stanley S. Spiegel was about to open his firm, his wife, Sheila, said, he decided to name it as an engineer might. The firm, Esscube Engineering, used his initials - SSS - and for folks like him, she said, "three means a cube. " And so, in naming the firm, as in other matters, "he thought everything in mathematical terms. " On Friday, March 4, Mr. Spiegel, 83, of Marlton, former president of the research firm, based in Haddonfield and then in Southampton, Bucks County, died of kidney failure at his home.
March 11, 2016 |
More than 1.2 million Walmart workers will find a raise in their paychecks Thursday, the company said, part of a $2.7 billion investment the company is making in higher pay and better career paths for its employees. "The investment in wages and the investment in training is how we've improved our store experience over the last year," said company spokesman Phillip Keene. The company is boosting wages to a minimum of $10 an hour for employees, from $9, but says the average hourly wage for full-time employees will be $13.31 in Pennsylvania, and $13.83 in New Jersey.
March 9, 2016 |
There are plenty of examples of iconic dancer/visual art collaborations - Degas' ballerinas, Jasper Johns' set for Merce Cunningham, John Sloan's Isadora Duncan - but one in particular has local resonance. David Rush's Nureyev's Eyes , at Delaware Theatre Company, examines the long friendship between Russian defector and ballet dancer Rudolf Nureyev and Chadds Ford painter Jamie Wyeth. The production, lifted straight from the George Street Playhouse, features the same team: William Connell as Wyeth, Bill Dawes as Nureyev (until March 16, when Jed Peterson - played Nureyev in the play's world premiere at Florida's American Stage Theatre Company - takes over the role)
March 9, 2016 |
Philadelphia drugmaker Spark Therapeutics Inc. has acquired for $15.1 million a private, Ireland-based gene-therapy company. Spark, spun out of Children's Hospital of Philadelphia, said Monday that it bought Genable Technologies Ltd. for $6 million in cash and 265,000 shares of Spark stock, valued at $9.1 million based on Friday's closing price. Additional financial terms were not disclosed. Spark said Genable's potential treatment, RhoNova, will target a common form of a rare inherited retinal disease, which impacts about 30,000 people worldwide.
March 7, 2016
They're the switch hitters of retail - players with a growing presence on the other side of the selling field. Online juggernaut Amazon.com opened its first brick-and-mortar store in November in Seattle. Around the same time, retail heavyweight Macy's announced it was shutting nearly 40 stores this year to beef up its online presence. Same with Sears, JC Penney, and the Gap - all closing stores. Kohl's announced on Feb. 25 that it was closing 18 stores nationwide - with locations to be announced by the end of this month.