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BUSINESS
May 4, 2016 | By Joseph N. DiStefano, Staff Writer
Two Pennsylvania firms that supply construction companies with rental cranes are consolidating operations, in a match made on Wall Street. Apollo Global Management L.L.C., the giant New York private-investment group cofounded by Sixers co-owner Josh Harris, says a group of its funds have agreed to buy both AmQuip Crane Rental of Trevose, which is owned by Clearlake Capital Group L.P., and Pittsburgh-based Maxim Crane Works, a larger rival controlled by...
NEWS
April 30, 2016 | By Linda Loyd, STAFF WRITER
The Wistar Institute in University City will collaborate with a Swedish biopharmaceutical company, with the goal of developing new cancer therapies. The partnership with Cormorant Pharmaceuticals AB, of Stockholm, will pair Wistar's methods for analyzing tumor biopsies with Cormorant's experimental drug HuMax-IL8, which is in early-stage testing in patients at the National Cancer Institute. Wistar scientist Dmitry I. Gabrilovich and colleagues have developed a new biomarker based on understanding how myeloid suppressor cells play a major role in the regulation of immune responses.
NEWS
April 30, 2016
Metals manufacturer Carpenter Technology Corp. plans to lease 22,000 square feet at the BNY Mellon Center building in Center City, according to Wayne Fisher, a Newmark Grubb Knight Frank managing director. The company is moving its headquarters to the 54-story building from the Reading area, Fisher, who is involved with the lease negotiations, said Thursday at a meeting of the Center City District business association. Carpenter, which produces and distributes titanium alloys and other premium metals, previously said it was moving its 100-person headquarters to Philadelphia to get closer to its customers.
NEWS
April 29, 2016 | By Maddie Hanna, TRENTON BUREAU
Gov. Christie, addressing South Jersey business leaders Wednesday, blasted opponents of a state takeover of Atlantic City, and warned against a Democratic-led Legislature that he asserted was in the pocket of unions. The Republican governor, who declared he was "in a loud mood," told about 200 people at the Crowne Plaza in Cherry Hill for a Chamber of Commerce Southern New Jersey luncheon that he wouldn't balk at letting Atlantic City run out of money if the Assembly speaker continues to block a takeover.
BUSINESS
April 29, 2016 | By Harold Brubaker, STAFF WRITER
Southeastern Pennsylvania will have two new companies offering managed Medicaid benefits in 2017, the Pennsylvania Department of Human Services said Wednesday. Entering the market are publicly-traded Centene Corp., of St. Louis, and UPMC For You, part of the giant University of Pittsburgh Medical Center, which dominates the managed Medicaid market in western Pennsylvania. Not selected to continue with the program in the Philadelphia region was Aetna Better Health, which had 73,852 members in March, or 9 percent of the market, according to state data.
NEWS
April 24, 2016 | By Jacob Adelman, STAFF WRITER
Newly formed e-commerce technology company Radial is vacating 100,000 square feet of King of Prussia office space owned by Radnor-based Brandywine Realty Trust. Radial, recently formed through the merger of a former eBay unit and global e-commerce company Innotrac, is consolidating staff at 935 First Ave., King of Prussia, which it owns, spokeswoman Amy Christie said Friday. One of the office buildings it will vacate as a result is Brandywine Realty's 630 Allendale Rd., Christie said.
BUSINESS
April 20, 2016 | By Joseph N. DiStefano, Staff Writer
After five years as eBay Enterprise, the $1 billion-in-annual-sales, King of Prussia-based, 7,500-worker retail-logistics company founded as GSI Commerce is back as an independent firm with a new name, Radial. "We were the smallest business unit in a big public company. Now, commerce technology and commerce operations is the only thing we do," Radial chief executive Tobias Hartmann said before Tuesday's planned unveiling of the new name at the company's headquarters. Hartmann said that the firm has grown beyond taking clients' customer orders and shipping products from its warehouses in Southern states, Canada, and Europe.
BUSINESS
April 17, 2016 | By Chris Mondics, Inquirer Staff Writer
Pepper Hamilton said Friday it severed ties with a consulting firm founded by its former chairman, Louis Freeh. Freeh, the former FBI director, left Pepper Hamilton in February to rejoin his old firm, Freeh, Sporkin & Sullivan. But the consulting firm, Freeh Group International Solutions, which focused on assisting clients with internal investigations, compliance and other matters, had remained as a unit of Pepper Hamilton. The law firm, which is in merger talks with the Reed Smith law firm, said it had transferred ownership of the Freeh Group International back to Freeh in March.
BUSINESS
April 14, 2016 | By Chris Mondics, Staff Writer
Reed Smith, a global law firm founded in Pittsburgh that has a large presence in Philadelphia, has confirmed that it is in merger talks with Pepper Hamilton. The firm said that the talks were in the preliminary stage but that there appeared to be many advantages to a combination. "Reed Smith has been clear about its interest in strengthening its industry focus and adding to strategic practice areas," the law firm said. "In executing this strategy we speak regularly with law firms around the world regarding our respective objectives.
ENTERTAINMENT
April 13, 2016 | By Carolyn Hax, Advice Columnist
Adapted from a recent online discussion.   Question: I was a well-behaved, respectful child/teen/adult whose mother snooped and took things out of context. So I rebelled where I knew it would hurt. As I look ahead to when my children are teens and adults, I want to be respectful and informed. I want to be the parent they turn to, trusted and sensitive and firm. I'd love to hear your advice on privacy, snooping, and boundaries to keep in my mental filing cabinet.
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