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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.
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.
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.
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.
NEWS
October 15, 1997 | By Herb Drill, INQUIRER CORRESPONDENT
E. Walter Karkut, 78, who owned and operated mailing and marketing companies before he retired, died Monday at his Abington home. A native of Harrisville, R.I., Mr. Karkut was raised in Fulton, N.Y. He enlisted in the Army before the Japanese attacked Pearl Harbor, and he graduated from Officer Candidate School before he served in the Signal Corps. He had attained the rank of captain before his five-year hitch ended. Mr. Karkut was employed for 11 years by Mailing Service Inc. and left in 1958 as managing director to form Modern Mailers Inc. in Northeast Philadelphia.
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ARTICLES BY DATE
NEWS
April 19, 2014 | By Bonnie L. Cook, Inquirer Staff Writer
Robert Hesse Jr., 91, of Gwynedd Valley, a Philadelphia printing-company executive and community volunteer, died Tuesday, April 15, of respiratory failure at a retirement community in Medford. After a career in the graphic arts, Mr. Hesse retired in 1986 from the Winchell Printing Co. as executive vice president in charge of sales. At the time, Winchell was one of the largest printing firms in Philadelphia, with 300 employees. It was sold and later closed in 1994. Mr. Hesse, whose last name rhymes with Bessie, was born in Abington.
NEWS
April 16, 2014 | BY JOHN F. MORRISON, Daily News Staff Writer morrisj@phillynews.com, 215-854-5573
THERE WAS that white-knuckled glider ride over the fields of Bucks County, and the terrifying drive high in the Italian Alps in the world's smallest car. Life with Ray Jenkins could be an adventure, although, as longtime friend Dawn Dugan, put it, "Sitting in the living room with him could be an adventure. " That was because Ray Jenkins had a riotous sense of humor, was a great raconteur and a man who made it his life's work to know something about just about everything. In addition, Ray endeared himself to people because he made those he came in contact with feel that he really cared about them and wanted to hear their stories.
NEWS
April 11, 2014 | By Bonnie L. Cook, Inquirer Staff Writer
Louis F. Spadaccino, 90, of Holland, Bucks County, the owner of a surveying company, who spent time as a stunt rider, died Thursday, April 3, of prostate cancer at his home. Mr. Spadaccino was born in Langhorne and enlisted in the Navy right out of Neshaminy High School. He saw action during World War II and returned stateside in 1946. And then, off he went to tour with the Joie Chitwood Thrill Show. "The legend goes that he left his mother a note on the kitchen table, and he up and joined Joie Chitwood's show," said his grandson, Cody.
BUSINESS
April 10, 2014 | By Harold Brubaker, Inquirer Staff Writer
Independence Blue Cross and DaVita HealthCare Partners Inc. on Tuesday announced a new company that would provide services to primary-care physicians in Southeastern Pennsylvania, in another of IBC's efforts to improve care and cut costs. Terms of the deal were not released. The goal of the 50-50 joint venture, called Tandigm Health and based in Philadelphia, is to sign up 300 doctors by the time it starts operating Jan. 1, said Anthony Coletta, an IBC executive who was named president and chief executive of Tandigm.
SPORTS
April 4, 2014 | BY TOM MAHON, Daily News Staff Writer mahont@phillynews.com
DESEAN JACKSON will wear No. 11 with the Redskins next season. The No. 10 he wore with the Eagles was already in use by quarterback Robert Griffin III. There have been some decent athletes, both locally and nationally, who have worn No. 11. Prominent players on Philly teams: Eagles: Tommy Thompson and Norm Van Brocklin. Phillies: Jimmy Rollins, Clay Dalrymple, Deron Johnson, Tim McCarver. Flyers: Kevin Dineen, Ron Flockhart, Don Saleski. Sixers: Manute Bol, Jrue Holiday, Caldwell Jones, Bob McAdoo, Leo Rautins (sorry, couldn't resist)
BUSINESS
April 4, 2014 | By Andrew Maykuth, Inquirer Staff Writer
Two competitive electrical suppliers account for more than half of the 5,732 complaints over soaring power bills that Pennsylvania regulators have received in the last two months, according to data released Wednesday. IDT Energy Inc. and Pennsylvania Gas & Electric Co. (PG&E), which offer variable-rate electricity deals to residential customers, were the targets of 52 percent of the complaints filed this year, according to the Public Utility Commission. A total of 66 suppliers were listed.
BUSINESS
April 3, 2014 | By Joseph N. DiStefano, Inquirer Staff Writer
SunGard, which built Sunoco's old computer-backup service into a global software conglomerate that stopped growing after it was purchased in 2005 by a group of buyout firms for $11.4 billion, has split into two companies, both still based in Wayne. Sungard Availability Services, or Sungard AS for short, is now an independent, $1.4 billion-in-yearly-sales systems-recovery and cloud-computing services company run by veteran manager Andrew A. Stern and chaired by James H. Greene Jr. of buyout firm KKR & Co. L.P., a SunGard investor.
BUSINESS
March 27, 2014 | By Linda Loyd, Inquirer Staff Writer
Spark Therapeutics L.L.C., a Philadelphia company developing gene-based medicines for debilitating diseases, has signed a collaborative partnership with a gene-therapy firm in Ireland to develop a product to treat a rare form of blindness, the companies announced Tuesday. Spark, a biotechnology company spun out of research at Children's Hospital of Philadelphia, said Dublin-based Genable Technologies Ltd. will license certain patents from Spark, which will be the exclusive manufacturer and provide development expertise for a potential treatment for blindness caused by inherited retinal dystrophy.
NEWS
March 26, 2014
AS IF it's not bad enough that right-wing politicians have come between a woman and her doctor in decisions regarding her reproductive rights, now her boss may be able to join them. The U.S. Supreme Court hears arguments today about whether a company can refuse to include no-cost contraceptive coverage in its health-care plans, as mandated by the Affordable Care Act, because of the owners' religious beliefs. We're not talking a religious company. We're talking a secular, for-profit company, or, in this case, two companies whose cases have been joined for argument purposes.
NEWS
March 22, 2014 | By Claudia Vargas, Inquirer Staff Writer
Mayor Nutter announced Thursday the second round of funding for local companies and institutions that are helping develop and grow Philadelphia's startup and tech community. Through the Commerce Department's Startup PHL Call for Ideas, five groups will each receive up to $25,000 to start or further develop programs that promote entrepreneurship in the city. Unlike the Startup PHL Seed Fund, which provides money directly to startup companies, Call for Ideas provides funds to organizations that support entrepreneurs.
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