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NEWS
July 11, 2014 | By Joseph N. DiStefano, Inquirer Staff Writer
Camden's potential role in Holtec International Inc.'s future is part of a larger plan by the company to accelerate its already rapid growth of recent years. In recent interviews, founder Krishna P. Singh and other officials of the Evesham-based power-plant supplier have described a vision for the company in which it would develop and build small reactors, which they said would be cheaper and safer than 20th-century nuclear power stations and greener than fossil-fuel-burning power plants.
NEWS
July 10, 2014 | By Julia Terruso, Inquirer Staff Writer
The New Jersey Economic Development Authority on Tuesday disclosed a proposal to award Holtec International Inc. a 10-year, $26 million tax credit to locate some of its operations in Camden. News of the potential project, listed online as part of a meeting agenda, comes a month after an $86 million tax credit was awarded to the 76ers to build a practice facility on the city's waterfront, moving there from Philadelphia. Holtec, based in Marlton and Jupiter, Fla., is a multinational power-plant supplier founded by Krishna P. Singh, who has an engineering doctorate from the University of Pennsylvania.
NEWS
July 8, 2014 | By Alan J. Heavens, Inquirer Real Estate Writer
Pantzer Properties of New York on Wednesday acquired the 13-story, 80-unit Oakwood Philadelphia at 1601 Sansom St. for $29 million, according to JLL Capital Markets, which arranged the transaction. The building, owned by Jones Lang LaSalle, was leased by Oakwood Worldwide of Los Angeles, has offered short-term rentals for corporate executives at $129 to $174 a night. Oakwood Philadelphia, which will be renamed Point at Rittenhouse Row and offer market-rate rentals, has 77,656 square feet of rentable apartment space and 11,192 square feet of retail and commercial space.
BUSINESS
July 7, 2014 | By Andrew Maykuth, Inquirer Staff Writer
Sunoco's good corporate name is taking a beating these days, as community activists and bloggers post snarky statements under headlines like "Sleazy Sunoco," linking the company to fracking and eminent domain. The trouble for Sunoco Inc., the Philadelphia company with nearly 4,900 retail fuel stations and convenience stores in 23 states, is that it has nothing to do with the cross-state pipeline project that has attracted fierce local opposition and has become embroiled in a contentious matter before the Pennsylvania Public Utility Commission.
NEWS
July 2, 2014 | By Jeremy Roebuck, Inquirer Staff Writer
The U.S. Supreme Court dealt a blow to the Obama administration's signature health care law Monday, ruling that employers with religious objections can refuse to pay for their employees' contraception in twin cases brought by a Lancaster County cabinet manufacturer and one of the nation's largest craft supply chains. In their 5-4 decision, the justices recognized for the first time that for-profit business - such as Conestoga Wood Specialties, owned by a Mennonite family in East Earl, and Oklahoma-based Hobby Lobby - can exercise religious views derived from their owners.
REAL_ESTATE
June 30, 2014 | By Erin Arvedlund, Inquirer Staff Writer
The two friends would sit on the beach in Avalon, watching their children play in the sand and waves, and dream of how one day they would be designers with their own business. It was only a dream until Kathleen Cochet and Anne Flynn made it a reality in 2009, when they founded a pop-up design firm. One product, vintage-style subway signs printed on high-quality paper, sold like hotcakes - so well, the pair renamed their business MySubwaySign. But their company needed a home. And, as it came to pass, so did Cochet.
NEWS
June 27, 2014 | By Angelo Fichera, Inquirer Staff Writer
The West Deptford company believed responsible for the spread of chemicals in the water supplies of several Gloucester County towns said Wednesday that its testing of private wells showed only a handful had "quantifiable" levels of the contaminant. Solvay Specialty Polymers had agreed to test about 90 wells in West Deptford and East Greenwich, as local, state, and federal officials have turned their attention to the contamination. Of the identified wells, the results from 50 have been sampled and verified, Solvay said in a statement, and seven have detectable levels of the specific perfluorinated compound (PFC)
NEWS
June 26, 2014 | By Bonnie L. Cook, Inquirer Staff Writer
John Norris Childs Jr., 91, of Wyndmoor and Philadelphia, a Navy veteran, businessman, and volunteer, died Wednesday, June 11, of dementia at the Falls Center, Hospice of Philadelphia. Mr. Childs was an owner and a vice president of Metalweld Inc., a company that did heavy industrial cleaning and maintenance of metal in the region and across the country. It started in East Falls and later moved to Oaks. Among the projects Mr. Childs worked on was the 1987 cleaning of the William Penn statue atop the City Hall tower.
NEWS
June 22, 2014 | By Susan Snyder, Inquirer Staff Writer
A proposal for the University of Pennsylvania to divest its $7.7 billion endowment from tobacco stocks died Friday without a vote by the board of trustees. Board chairman David L. Cohen said tobacco does not qualify as a "moral evil" - a criterion for divestment under Penn's policy - even though it causes serious health problems. "Let me be clear," Cohen said on the floor of the trustees meeting on campus Friday, "I am no friend of tobacco. I don't use tobacco products. I've never used tobacco products.
BUSINESS
June 21, 2014 | By Joseph N. DiStefano, Inquirer Staff Writer
ParenteBeard , a Philadelphia-based accounting firm that employs nearly 1,000 CPAs and staff at offices across Pennsylvania and in the New York area, Baltimore, and Dallas, has been in merger talks with Baker, Tilly, Virchow, Krause L.L.P. , a Chicago firm that employs 1,500, both firms confirmed Thursday after I called to ask about staff memos detailing the discussions. The proposal would result in ParenteBeard's being merged into the larger firm, under the Chicago firm's name and leadership.
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