March 7, 2015 |
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...
March 6, 2015 |
Robert E. Harmon, 78, of Barrington, owner and operator of the Haddonfield Power Mower Co. in the 1970s and 1980s, died of complications from arthritis Saturday, Feb. 28, at home. Mr. Harmon was a former member of the Tribal Council of the Rankokus Indian Reservation in Westampton, daughter Lesley said. "We're Nanticoke," she said, descendants of the people who met with Capt. John Smith in Virginia in 1608. In Westampton, his daughter said, Mr. Harmon "had financial responsibility in the tribal council," helping to approve expenditures.
March 6, 2015 |
Renmatix , the King of Prussia company that hired former Gov. Mark Schweiker three years ago to help scout locations for biofuel refineries, among other duties, is still raising piles of money. But it has shifted its focus from building its own large-scale facilities to licensing larger companies to use its Plantrose high-pressure process for converting waste into fuels and plastics. It's not that the oil-price crash has depressed the alternative-fuels market, says Mike Hamilton, the former Rohm & Haas executive who is Renmatix's chief executive officer.
March 5, 2015 |
WSFS Financial Corp. , one of the biggest banks still based in the Philadelphia area, on Tuesday agreed to pay $92 million for Broomall-based Alliance Bancorp Inc. , which operates eight branches in Delaware and Chester Counties. The price works out to $22 a share, a 10-year high for Alliance, which has lately traded around $17, but less than the nearly $24 that Alliance was worth at its 2004 peak. With low interest rates squeezing small lenders, Alliance has been under pressure to find a buyer since 2013, when Illinois-based PL Capital Advisors bought 9 percent of the shares and threatened to run its own candidate against one of Alliance's incumbent directors.
March 3, 2015 |
Spit is central to Stephen Swanick's vision for detecting disease. His product, SaliMark OSCC, which debuted this month, uses genetic material in saliva to judge the risk of whether an oral lesion is cancerous. Swanick, 51, left his job in the medical-device industry and spent $1.3 million of his own money to pursue this. He founded PeriRx in Broomall in 2008, hoping spit would help spot a spectrum of illnesses, from lung cancer to diabetes. Instead, it has been a long slog, much like spitting in the wind.
March 1, 2015 |
Charles J. Devlin Jr., 90, of Stone Harbor, N.J., founder of the Camden Tool Co. and later the 3D Tool Co., both in North Camden, died Tuesday, Feb. 24, at Wesley Manor in Ocean City, N.J. Born in Philadelphia, Mr. Devlin grew up in the Fairmount neighborhood and graduated in 1942 from Roman Catholic High School. During World War II, Mr. Devlin served in the Army Air Corps and flew 30 missions from England as a nose gunner on a B-24 bomber, said a son, Tony. He studied accounting at the Spring Garden Institute and in 1950 opened Camden Tool, which distributed industrial metalworking equipment, material he had sold in his first job after the war. In 1990, Mr. Devlin opened 3D Tool on the same site, and served as president of both firms until retiring in 1995.
February 25, 2015 |
Robert R. Barney, 86, a longtime resident of Voorhees who was the former owner of Barney's Waste Removal there, died of complications from dementia on Monday, Feb. 16, at Kennedy University Hospital in Stratford. He had resided at AristaCare in Cherry Hill for the last year and a half. A 1997 Inquirer article about Mr. Barney described him as "the modern-day patriarch of the township's oldest African American family and one of its first families. " The Barney family cherished being out in the country, he said, before Voorhees became a bustling suburb in the last half of the 20th century.
February 23, 2015 |
Little more than a year after a botched demolition triggered a Center City building collapse that killed six, a demolition company took down nearly half a block of buildings in Philadelphia's Fairmount section without obtaining the required permits, an Inquirer investigation has found. While dismantling five buildings last spring, Ashaw Demolition of Oxford Circle also brought down a house that had been in a family for four generations without informing the owner, the owner contends in court documents.
February 19, 2015
F ELICITE MOORMAN, 41, of East Falls, is CEO of BuLogics, which calls itself an "Internet of Things" engineering firm. Founded in 2003, the East Falls company certifies, designs and builds wireless systems connecting everyday objects for Fortune 500 clients and individuals. Q: What's BuLogics do? A: If you have a light switch or door lock or safe or smoke alarm, and you want to make it connect to the Internet in a way it never has before, we make the stuff that does that. You want a door lock to talk to your smartphone?
February 16, 2015 |
Convicted terrorist Zacarias Moussaoui mentioned it, seemingly as an aside, on the last day of a deposition he gave to lawyers suing the Saudi government for its alleged role in the 9/11 terrorist attacks. But the point was jarring. In the late 1990s, Moussaoui said, he met with an employee of the Saudi Embassy in Washington and the two discussed a plan to shoot down Air Force One with a Stinger surface-to-air missile. Moreover, the embassy employee would use diplomatic immunity to smuggle the missile into the United States, Moussaoui said.