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BUSINESS
April 8, 2015 | By Chris Mondics, Inquirer Staff Writer
Law-firm mergers, bolstered by the recovering legal market, are off to a quick start this year, according to the Newtown Square legal-consulting firm Altman Weil, which logged 29 combinations in the first quarter. It was the second-fastest pace since Altman Weil began tracking law-firm mergers in 2007, and reflects the growing confidence of firms that their businesses have substantially recovered from the sharp downturn in revenue in 2009 and 2010. Included in the tally is Morgan Lewis's announced combination with the Singapore-based firm Stamford Law Corp., a transaction that closed Wednesday.
NEWS
April 4, 2015 | By Walter F. Naedele, Inquirer Staff Writer
Jogging and running races did more than ease daily stresses for Bruce C. Brotzman. "It saved his life," his son, Michael, said. Mr. Brotzman had started running recreationally in the 1970s, but after a business trip to Dallas in 1993, his son said, "he began experiencing shortness of breath. " Tests revealed that "the heart muscle had been attacked by a virus. " But because years of running had given him "cardiac capability to spare," his son said, "he would continue to run nightly," just not as far nor as fast as before, until recently reducing his exercise to walking.
NEWS
March 26, 2015 | By Andrew Seidman, Inquirer Trenton Bureau
TRENTON - The New Jersey board that oversees the management of the state's $80 billion public employee pension system is considering investing $100 million with a firm whose chairman has donated $2.5 million to the Republican Governors Association since 2013. Gov. Christie chaired the association last year and helped raise record sums for GOP gubernatorial candidates across the country. In 2013, the RGA contributed to Christie's own reelection in New Jersey. The council is scheduled to vote Wednesday on a proposal to invest $100 million in pension funds with a fund managed by the private-equity firm KSL Capital Partners.
BUSINESS
March 22, 2015 | By David Sell, Inquirer Staff Writer
Transicoil, L.L.C., which makes aerospace instruments in Collegeville, Montgomery County, is in the process of laying off 50 employees because one product line is being shifted to a "sister company" in Wichita, Kan. As required by the federal Worker Adjustment and Retraining Notification Act, Transicoil sent a letter to the Pennsylvania Department of Labor and Industry of regarding the permanent layoffs. The letter said the first of the 50 layoffs was to occur March 13. Four other employees have been notified they will lose their jobs between March 27 and May 9. "The remaining 45 employees will be separated at a date in the future which has not yet been determined," according to the company letter, dated March 13. Transicoil officials could not be reached for comment Friday evening.
NEWS
March 16, 2015 | Inquirer Editorial Board
Former state Supreme Court Justice Seamus McCaffery's resignation last fall answered the most immediate threat to the credibility of the judiciary. But a closer look at the legal fees that helped precipitate his downfall underscores how much the court overlooked in its haste to expel the judge. Besides distributing pornographic e-mails and allegedly intervening in a traffic case, McCaffery drew scrutiny for referral fees that law firms paid to his wife, Lise Rapaport, who was also his top aide.
NEWS
March 12, 2015 | By Edward Colimore, Inquirer Staff Writer
The federal budget ax is unlikely to fall for two more years. But the State of New Jersey isn't waiting for the Base Realignment and Closure (BRAC) Commission to cut or close its five military bases. It's hired a Washington lobbying firm - Cassidy & Associates - to assess the economic value and vulnerability of the bases and recommend ways of protecting them. The firm will be paid $16,000 a month - up to $192,000 for the year - to research Joint Base McGuire-Dix-Lakehurst and other installations as well as their surrounding communities, state officials said.
NEWS
March 12, 2015 | By Walter F. Naedele, Inquirer Staff Writer
Charlotte Scott Allen was born on a Burlington County dairy farm, and helped milk her family's cows through her elementary and into her high school years. "She was always proud to be a farm girl," daughter Judith Misoyianis said. "She liked to be out, to be outdoors. " On Wednesday, March 4, Mrs. Allen, 89, of Vincentown, a former part-owner of Allen Coal Co. there, died of heart failure at Virtua Health & Rehabilitation Center in Lumberton. Born in Vincentown, Mrs. Allen graduated from Pemberton Borough High School in 1943.
BUSINESS
March 10, 2015 | By Joseph N. DiStefano, Inquirer Staff Writer
When Kara Spiller, Ph.D., moved her tissue research from a lab in Europe to Drexel University, she searched Philadelphia for a 3-D printer to test her ideas on living cells. "The one I had been using was gigantic. It filled the room, and cost $300,000. At Drexel, that would be my entire research program," Spiller told me. Then she heard about a trio of recent Penn grads who were building 3-D printers the size of milk crates, fitted to nurture living cells. Their firm was nestled among dozens of small firms at NextFab , Evan Malone's 30,000-square-foot for-profit "gym for innovators," on Washington Avenue in South Philadelphia.
NEWS
March 9, 2015 | By Bonnie L. Cook, Inquirer Staff Writer
Shaun F. O'Malley, 79, of Chestnut Hill, a former executive with the accounting firm Price Waterhouse, died Wednesday, Feb. 25, of metastatic melanoma at home. Mr. O'Malley joined Price Waterhouse in June 1959 and stayed there until retiring in June 1995. He was hired by the firm's Philadelphia office and maintained ties there throughout his career. He worked for Price Waterhouse in Japan, and in the company's New York office in the early 1970s and from 1988 until 1995. He was named a partner in 1973 and was elected chairman and senior partner in 1988.
BUSINESS
March 7, 2015 | By Andrew Maykuth, Inquirer Staff Writer
A Navy Yard energy-storage firm expects to step up to a bigger stage after its acquisition by renewable-power project developer SunEdison Inc. Solar Grid Storage L.L.C., a start-up formed in 2011 and funded partly with $250,000 in venture capital from the Ben Franklin Technology Partnership, on Thursday announced its sale to SunEdison for an undisclosed sum. Solar Grid has four energy-storage projects, including one that is part of Pennsylvania State...
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