August 9, 2016 |
Venture capitalist Bruce Luehrs , who weighed startups and pitched investors for Princeton's pioneering Edison Venture Fund back in the dot-com boom, is back on the road. He says he wishes he had more competitors. "We're an honest-to-God Philadelphia early-stage venture fund," Luehrs told me about his latest pile, $18 million Rittenhouse Ventures II , which includes $4 million in funding from state sources and Ben Franklin Technology Partners. Rittenhouse Ventures I is the current name for the 2008 fund formerly known as Emerald Stage2 Ventures , which Luehrs started in 2008 with partner Saul Richter , backing from Joe Besecker 's Emerald Asset Management , and millions more in state funding.
August 7, 2016 |
The word audit usually conjures a boring - and sometimes terrifying - tableau of invoices, spreadsheets, and calculators. But ask Robert Bright about a construction audit that his Philadelphia firm, Talson Solutions L.L.C., just wrapped, and he breaks out a slideshow of what could be mistaken for an exotic vacation. International locales: Italy, South Korea, and China, to name a few. Pictures of waterways and massive ships. Bands and celebratory fireworks. They're scenes of a job like no other for the 15-year-old boutique firm in Old City: the $5.2 billion Panama Canal expansion.
August 5, 2016 |
Penn National Gaming Inc. bought Rocket Games Inc., a San Franciso developer of social casino games, for $60 million in cash, plus potential incentive payments to certain Rocket executives over the next two years, the Wyomissing, Pa., casino operator said Wednesday. Among Rocket's 50 social casino games is Viva Slots Vegas, which has an audience of more than 200,000 daily players, according to Penn National, whose Penn Interactive Ventures is based in Conshohocken and operates www.hollywoodcasino.com , HollywoodSlots.com, and Hollywoodraces.com.
August 5, 2016 |
Most law firms would consider it noteworthy if just one of their cases became a front-page story. But for Schnader Harrison Segal & Lewis, the Center City law firm, that has happened three times in recent months. Given the notoriety of the matters - all are criminal cases - they likely will remain in the public eye for some time. Schnader's lawyers have gone to bat for former U.S. Rep. Chaka Fattah, who is expected to appeal his conviction in June on federal corruption charges; former Pennsylvania State University president Graham Spanier, who is fending off criminal charges that he failed to go to the police with evidence that former assistant football coach Jerry Sandusky had sexually assaulted a minor; and comedian Bill Cosby, who is facing sexual-assault charges in Montgomery County.
July 31, 2016 |
A Horsham company that provides bedside X-rays and other diagnostic services will move 63 call-center jobs to Clearwater, Fla., in September. About 100 people will remain in the Horsham office of MobilexUSA, Mary Berberich, a sales support supervisor in Horsham, said Friday. The layoff announcement was posted Thursday on the Pennsylvania Department of Labor's web site. The Horsham call center employees have been offered the chance to relocate, and MobilexUSA's human resources department is trying to find jobs for them in other local call centers, Berberich said.
July 30, 2016 |
Tech firm Archetype Solutions is moving its headquarters from Trevose to a 7,300-square-foot space in Center City, according to PernaFrederick Commercial Real Estate, which negotiated the lease. Archetype, which specializes in sales analytics, is relocating to the new space at 2124 Race Street to aid in its recruitment efforts, PernaFrederick broker Joe Viturello said in the Thursday release. Staff are moving from the existing headquarters at 3160 Tremont Avenue in Trevose and another location at 899 Cassatt Road in Berwyn.
July 30, 2016 |
Outsourcing specialist Ashfield Commercial & Medical Services is moving its headquarters from Ivyland to an 80,000-square-foot space in Fort Washington to accommodate a continuing expansion, the company said in a release on Thursday. Ashfield, a unit of UDG Healthcare PLC, is moving to the new location following the growth of its workforce to 1500 members from 120 in 2007, the company said. The Fort Washington space is 60 percent larger than the previous location. The new headquarters will feature an auditorium, a full-service cafeteria and other amenities, Ashfield said.
July 27, 2016 |
Internet-marketing firm Sidecar will lease 15,550 square feet at the One South Broad office building to accommodate an expansion, SSH Real Estate said in a release on Monday. Sidecar is consolidating from a 3,500-square-foot space at 114 S. 13th St. and a 2,400-square-foot temporary office at 123 S. Broad St., according to SSH, which represented the company in the lease. Clients of Sidecar, which uses predictive technologies to help retailers optimize results on search engines and shopping sites, include Under Armour, Century 21 and Newegg.com, according to its website.
July 23, 2016 |
Of all the tantalizing strands in the now declassified report on the Sept. 11, 2001, attacks is the testimony of an FBI agent that a suspected actor in the plot had many contacts with the head of air traffic control in Saudi Arabia. The implication: What better way to suss out weaknesses of the U.S. civil aviation system before the hijackings than to confer with an expert. For years, the government of Saudi Arabia dismissed claims in a lawsuit that it had something to do with the Sept.
July 21, 2016 |
Question: Today, my parents informed me (not asking) that they're coming to town for a month when my second baby is born, renting a place nearby as we have no room in our city apartment. I said, "Honestly, that's a little long, two or three weeks would be better," and they, mostly my mom, got totally huffy and said a bunch of stuff like, "We have a right to come to your city whenever we want," "We have lots of friends here," and "You don't have to entertain us" (yeah, right), "This is baffling," "You're being ridiculous.