March 5, 2014 |
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.
November 11, 2013 |
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.
January 15, 2012 |
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.
February 27, 2014 |
MONROE TWP. A Monroe Township towing company has filed another lawsuit against the town and its leadership over its official towing list. In the complaint, filed Feb. 14 in Superior Court in Woodbury, John Simmermon III, owner of A-Jacks Towing, says five of the seven companies on the list failed to comply with certain requirements by the Nov. 1 deadline to be considered. Township officials use the list, approved each year, to rotate towing referrals among the companies weekly. Simmermon reached a $1 million settlement with the township last summer in another towing-related lawsuit.
August 6, 1992 |
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.
October 19, 1989 |
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.
August 14, 2011 |
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.
May 16, 2012 |
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.
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.
October 31, 1991 |
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.