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BUSINESS
May 20, 2016 | By Jacob Adelman, Staff Writer
German supermarket giant Lidl is building up a real estate team in Philadelphia, establishing the city and environs as a beachhead in its aggressive U.S. expansion, the company's first foray outside Europe. The discount chain, a unit of the Schwarz Group grocery conglomerate, is seeking an acquisition manager and three other real estate staffers in the city, according to its U.S. website. Another acquisition manager is being sought in Pittsburgh, while more than a hundred additional slots are open - for jobs ranging from store managers to human-resources personnel - in a strip of East Coast states between Virginia, where Lidl U.S. is headquartered in Arlington, and Georgia.
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
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.
BUSINESS
January 25, 2016
The amount spent by pharmaceutical firms, medical-device manufacturers, and other life-sciences companies for the regulatory guidance to move products to market is estimated at a staggering $20 billion to $30 billion a year. Time spent on the work is typically a big number, too - more accurately measured in months, not minutes. In that, Priya Bhutani saw business opportunity. She launched RegDesk in November 2014 to provide, in part, a marketplace to crowd-source regulatory consultants who would help medical-device and pharma companies launch their devices and drugs faster in more than 170 countries.
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.
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
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
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.
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BUSINESS
June 24, 2016 | By Mari A. Schaefer, Staff Writer
An international animal-rights organization on Wednesday accused a supplier of eggs for Malvern-based Eggland's Best of cruelty and neglect of its hens. The company disputed the allegations. Mercy for Animals released undercover photos and videos on Wednesday from two Briarwood Farms locations in Washington State that showed workers mishandling birds, chickens kept in cramped and filthy cages, and sick and dead hens. "To the best of our knowledge . . . those flocks were never supplying Eggland's Best eggs," Bart Slaugh, the company's director of quality assurance, said.
NEWS
June 22, 2016 | By Julia Terruso, Staff Writer
The flags along the Benjamin Franklin Parkway have started to fray. The sidewalks around the Convention Center are showing cracks. And Center City construction sites block sidewalks along main pedestrian routes. A little more than a month out from the July 25-28 Democratic National Convention, it's time to tidy up. With that in mind, the convention's host committee over the last few months has deployed a crew of volunteers to canvass the areas around the Convention Center and the Wells Fargo Center.
BUSINESS
June 21, 2016 | By Erin E. Arvedlund, Staff Writer
How much money do public companies spend on politicians, and what do they disclose? An index offers a peek at the juicy details. For the first time, the 2015 CPA-Zicklin Index gives a breakdown of every company in the S&P 500: which policies each company maintains on political contributions; if the company even has a policy; and links to how much moolah it donates. The index, started in 2009, shows the largest publicly held U.S. companies' political activity in a high-spending era marked by an unprecedented flood of dark money, said Bruce Freed, president of the Center for Political Accountability in Washington, which partnered with the Wharton School of the University of Pennsylvania to create CPA-Zicklin.
BUSINESS
June 19, 2016 | By Julie Shaw, STAFF WRITER
A Bucks County mortgage settlement agent was charged this week with defrauding three title-insurance companies of nearly $3 million. The U.S. Attorney's Office in Philadelphia charged Alfred Drechsel, 47, formerly of Voorhees, N.J., with one count of wire fraud Thursday. His attorney, Jeff Lindy, said Drechsel plans to plead guilty and pay back the full amount in restitution. Drechsel was one of three principals who worked at Lenders Edge Settlement Services, LLC, and Integrity Assurance Inc., at 1200 Bustleton Pike, in Feasterville.
ENTERTAINMENT
June 16, 2016 | By Ellen Dunkel, Staff Writer
Arantxa Ochoa, the director of the School of Pennsylvania Ballet, is the latest to announce that she is leaving the ballet. Hers has been one of the most-recognizable faces of the company for the last 20 years, and her departure, announced Tuesday in a letter from executive director David Gray, is an exclamation point on a tumultuous year. Ochoa will be moving to Florida in August to work at the Miami City Ballet School. Two others from Pennsylvania Ballet recently joined Miami City Ballet as dancers: former principal dancer Lauren Fadeley and corps de ballet dancer Amir Yogev.
NEWS
June 12, 2016
On May 6, the Philadelphia Theatre Company (PTC) hosted its annual gala at the Hyatt at the Bellevue. The gala brought in 300 guests, who enjoyed cocktails, food, a tribute to honorees Carole Haas Gravagno and Blank Rome L.L.P., and a live auction. Guests were also treated to a performance by PTC's Teen Council and dessert and dancing. The evening raised $220,000 for PTC's education program. causecelebration@philly.com
NEWS
June 12, 2016 | By Stephan Salisbury, Staff Writer
Richard S. Newman, director of the Library Company of Philadelphia for the last two years, has resigned due to family health issues, according to Hal Rosenberg, president of the institution's board of trustees. "I'm truly sad to be departing LCP now," Newman wrote in an email. "But I must return to family in western New York. It is the right thing to do. " Rosenberg said the Library Company board had appointed a committee to conduct a national search for a new director. A transition committee will oversee institutional affairs until the search has been completed.
BUSINESS
June 11, 2016 | By Bob Fernandez, Staff Writer
Responding to years of complaints over customer service and billing practices by cable and satellite-TV companies, the U.S. Senate Permanent Subcommittee is poised to release its findings from a year-long probe into the industry, Sen. Claire McCaskill (D., Mo.) and Sen. Rob Portman (R., Ohio) announced on Thursday. The subcommittee - which also has investigated human trafficking and a U.S.-funded counternarcotics program in Afghanistan - subpoenaed documents from pay-TV companies and solicited comments on customer experiences.
BUSINESS
May 30, 2016 | By Suzette Parmley, Staff Writer
LAS VEGAS - Foreigners love shopping in America, especially in this desert burg dubbed Sin City. "There's nothing like it in Mexico," said Jessica Torres, 23, of Puerto Vallarta, who was in the United States on a student visa and was visiting the Las Vegas Strip last week. Likewise, foreign retailers have become increasingly infatuated with the idea of making it big here. It's about supply and demand: Very few new malls are being built in the U.S., but there's plenty of growing demand among international retailers to come here, say mall experts.
BUSINESS
May 25, 2016 | By Jacob Adelman, STAFF WRITER
Resource America Inc., a Philadelphia real estate investment and finance firm, has agreed to be acquired by C-III Capital Partners LLC of Texas, according a statement posted Monday on both companies' websites. Under the agreement, Resource America stockholders will receive $9.78 per share in cash, a total of about $207 million. The combined company will manage over $25 billion of gross assets, and will be the owner or manager of over 70,000 apartment units across the U.S., the companies said.
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