July 31, 2014 |
At certain quarterly-earnings conference calls in the casino industry, the condition of Atlantic City inevitably comes up. Here's how that went Tuesday when Gaming & Leisure Properties Inc., spun off last year to own Penn National Gaming Inc.'s real estate, discussed its second-quarter earnings. An exchange with Joel Simkins, a Credit Suisse gambling analyst, showed just how far Atlantic City has fallen in the estimation of some gambling executives. The plan for Gaming & Leisure Properties, of Wyomissing, Pa., was to buy additional casino real estate, while renting the properties to other companies that will run the gambling operations.
November 23, 1991 |
The Kingston, Jamaica, man thought he could blow into town and take over a thriving North Philadelphia drughouse. Instead, Michael Richards, 22, was blown away by the drug gang that was making a bundle at the house on 13th Street near Tioga, on March 8, 1988, said Assistant District Attorney Roger King yesterday. "He was shot four times in the head after being taken for a ride inside Fairmount Park. "This was an execution," King said after a jury convicted Christopher Brown, 20, of third-degree murder.
October 7, 2008 |
The problem's been a daunting one. For years a group of Philadelphia female executives has been trying to figure out why the number of women on area corporate boards stayed so stubbornly at about 10 percent. But this year, the Forum of Executive Women, which releases its annual Women on Board report this morning in Center City, is taking a new approach to analyzing the issue. "I think it is all about the pipeline" of women advancing in their careers, said Autumn Bayles, senior vice president for operations at Tasty Baking Co. and a Forum leader who has managed the report over the last few years.
July 5, 2014 |
Bill Clark, the executive director of Philabundance, who has been credited as an innovator in the fight against hunger, announced his resignation from the agency Thursday. For 13 years, Clark, 61, ran the $50-million-a-year hunger-relief behemoth that is based in South Philadelphia and serves nine counties in Pennsylvania and New Jersey. Philabundance moves 30 million pounds of food a year to 426 pantries in a region whose core is the poorest big city in America. Mark Bender, a member of the Philabundance board, was appointed interim executive director, according to a statement from Murvin Lackey, chairman of the board.
June 22, 2012 |
WASHINGTON - Setting up a potential constitutional confrontation, a Republican-controlled House panel voted Wednesday to cite Attorney General Eric Holder for contempt of Congress hours after President Obama invoked executive privilege - for the first time - to withhold documents the committee demanded. The 23-17 party-line vote followed hours of caustic debate. The controversy goes next to the full House, where Republican Speaker John A. Boehner of Ohio said there would be a vote next week unless there was a resolution in the meantime.
February 26, 2012 |
ALBANY, N.Y. - Franklin D. Roosevelt, insurance salesman? While the future 32d president didn't hawk policies, he spent most of the 1920s working for a Maryland-based insurance company. After his failed attempt to be elected vice president in 1920, the position allowed him to mine the political and financial contacts he would need when he next ran for public office. Now, the wooden desk that FDR worked at during his eight years as a business executive is being donated to the Franklin D. Roosevelt Presidential Library and Museum in New York's Hudson Valley.
November 6, 2012 |
HARRISBURG - The Pennsylvania Supreme Court on Monday refused to stop the execution of convicted killer Hubert Michael, leaving him with dwindling options three days before he was scheduled to receive a lethal injection. The justices upheld rulings by a York County judge and Commonwealth Court on grounds that they lacked the authority to grant a stay. Two federal judges are weighing motions filed by Michael's lawyers in separate cases to forestall the execution. Also, the state Pardons Board has scheduled a clemency hearing in the case at the Capitol on Wednesday.
July 18, 1993 |
Executives here are optimistic about economic growth, but not quite as optimistic as they were before President Clinton was sworn in. About half of the executives of manufacturing companies in Southeastern Pennsylvania and Delaware responding to a first-quarter survey by Meridian Bank said they expected both regional and national growth in the next 12 months. But the number of optimists was down slightly compared with those found in a survey taken in late 1992. "In the first-quarter survey, with a new president sworn into office, and with his economic proposals undergoing public and congressional scrutiny, the . . . index slipped but remained at a relatively high level," said a statement from Bernard M. Markstein 3d, the bank's chief economist.
August 28, 1987 |
The president and an executive vice president of Mellon Bank (East) have resigned, the first local departures resulting from the Pittsburgh banking company's effort to restore profitability. Vincent Furey, Mellon East president since 1985, and Charles M. Vollmer, head of community banking since 1985, resigned as a "result of a continuing restructuring throughout the corporation," Frank V. Cahouet, chairman of Mellon Bank Corp., said yesterday in a memo to Mellon's 18,000 employees.