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BUSINESS
April 9, 2016 | By Harold Brubaker, STAFF WRITER
The economic clout of women-owned businesses in the Philadelphia region ranks 48th among the 50 largest U.S. metropolitan areas, according to a study released this week by American Express. Economic clout is a composite of growth in the number of women-owned firms, their revenue growth, and their employment growth since 2007. The Philadelphia metropolitan region, including Southeastern Pennsylvania, South Jersey, and parts of Delaware and Maryland ranked 44th for growth in the number of firms, 46th in revenue growth, and 36th in employment growth.
BUSINESS
April 8, 2016 | By Linda Loyd, Staff Writer
Pharmaceutical giant Pfizer and Ireland-based Allergan scrapped their merger plans Wednesday, two days after the Treasury Department announced tough new rules to thwart U.S. companies' moving their headquarters overseas to lower their taxes. The $160 billion deal would have been the biggest acquisition in drug industry history and would have created the largest pharmaceutical company in the world. The new Treasury Department rules make it harder for companies, through a merger, to move their tax addresses out of the United States and then shift profits to low-tax countries, a process called inversion.
NEWS
April 7, 2016 | By Walter F. Naedele, Staff Writer
Jerome Solomon, 82, of Philadelphia, former president of Jerome Solomon Associates, an architectural firm in Woodbury, died of lung cancer Monday, April 4, at home. Born in Canton, Ohio, Mr. Solomon graduated in 1950 from Boardman (Ohio) High School, near Youngstown, and earned a bachelor's at what is now the MIT department of architecture in 1956. He took graduate classes at Harvard University and the School of the Museum of Fine Arts, Boston, as well as in industrial engineering at Ohio State University, a niece, Diane Cohen, said.
BUSINESS
April 4, 2016 | By Jane M. Von Bergen, Staff Writer
When Bill Cumby Jr. and his father, Bill Sr., started W.S. Cumby Inc. in 1981, they began it as a union general contracting and project management company. "In 1981, if you wanted to do our kind of work - good-quality commercial work - you were a union contractor," said Cumby Jr., 66, who took over as president in 1998. By the late 1980s and early 1990s, father and son switched to a merit shop (non-union) business, repudiating their contracts with the unions for carpenters and laborers.
BUSINESS
April 4, 2016 | By Joseph N. DiStefano, Staff Writer
'Give me a broken system, and I see the problem really easily," says Mark Jessen , a Palo Alto, Calif.-based IT technology consultant for global business-software maker SAP , on a visit last week to the company's North America headquarters in Newtown Square. Jessen is one of 100 people SAP has hired in its Autism at Work program since 2012. The first few hires were in India. SAP says it has developed supports to help autistic people cope with office demands they may find stressful, so they can apply their abilities to fixing software errors and other tasks.
BUSINESS
April 4, 2016 | By Diane Mastrull, Staff Writer
Philly should be throwing a parade for Scott Kesterson, or at least buying him a snort of his favorite bourbon, Michter's. It's not every day that a small business moves across the country to Philadelphia. Even more rare is when the owner of that business has no personal ties here. "I never thought I'd be a Northeast guy," said the native of southern Oregon. Research is what led Kesterson, 51, to relocate his Spatial Terra, a four-year-old company specializing in a complex blend of market research, risk-mitigation analysis, and consulting, from Portland - a city often associated with progressiveness - to Philadelphia - a city that consistently does not score well in national rankings of best places for small business.
NEWS
April 2, 2016 | By Jacob Adelman, STAFF WRITER
Royer Cooper Cohen Braunfeld has moved its Center City operations from 1700 Market Street to larger offices at Two Logan Square to accommodate increasing demand, the Conshohocken-based law firm said Thursday. The firm relocated at the beginning of March to a 7,800-square-foot space at the new location, for which it has a lease of roughly six years, executive partner Neil Cooper said. Its previous Center City operations occupied 3,700 square feet. The firm opened its satellite at 1700 Market on a temporary basis in 2014 to "test the waters" in Center City, but quickly outgrew the space, Cooper said.
BUSINESS
April 2, 2016 | By Linda Loyd, Staff Writer
The Federal Trade Commission has sued Endo International, alleging that the company violated antitrust laws by entering into "anticompetitive reverse-payment" deals to block lower-cost generic versions of Endo's pain medicines. Endo is accused of "pay for delay" agreements with Watson Laboratories, now part of Allergan, and Impax Laboratories to stay off the market with cheaper generic copies of Endo's Opana ER, an opioid drug, and Lidoderm, a lidocaine patch, the FTC said in a complaint filed Thursday in U.S. District Court in Philadelphia.
BUSINESS
March 29, 2016 | Mike Zebe Staff
The Philadelphia intellectual-property firm Panitch Schwarze Belisario & Nadel L.L.P. has hired Jifang Tao as a scientific adviser to support the firm's patent work on behalf of clients in biotechnology, pharmaceutical, and chemical industries. Tao was a postdoctoral fellow at the Massachusetts Institute of Technology and a graduate student and research assistant at University of California, Los Angeles. Tao earned her bachelor of science degree in biological sciences with a minor in English from Tsinghua University, Beijing, with honors, and her Ph.D.
NEWS
March 25, 2016 | By Jacob Adelman, STAFF WRITER
J.D. Bravo Co. of Malvern and Philadelphia-based JacobsWysper Architects have been selected to design and build the long-planned Lucien E. Blackwell Community Center in West Philadelphia. The team was chosen for the $6.3 million project near 48th and Brown Streets through an open bidding process that begin in November, J.D. Bravo said in a release on Wednesday. Design and construction are scheduled to take 21 months, with completion slated for early 2018, the company said. jadelman@phillynews.com 215-854-2615 @jacobadelman  
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