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NEWS
January 11, 2014 | By Suzette Parmley, Inquirer Staff Writer
NEWARK, N.J. In the first partnership of its kind to explore the new frontier of virtual gambling in New Jersey, the owner of the 76ers and the New Jersey Devils has partnered with the online gambling company partypoker to merge customers and expand their reach. While casinos have sponsored and have had advertisement deals with American sports teams for years, this was the first deal with an online-gambling company. On Nov. 26, New Jersey launched Internet gaming from servers housed at Atlantic City casinos, becoming the third state in the nation, with Nevada and Delaware, to offer it. "The best partnerships are when you connect with the best people," Scott O'Neil - chief executive officer of the NBA's 76ers, the NHL's Devils, and Prudential Center, home arena for the Devils - said of the multiyear, multimedia deal between the two sports franchises and Bwin.Party Digital Entertainment, which owns partypoker, a leading online-poker website.
BUSINESS
January 10, 2014 | By Chris Mondics, Inquirer Staff Writer
There was a boom in law-firm mergers in 2013. That is the main takeaway from a year-end merger report by the legal consulting firm Altman, Weil of Newtown Square, which has been tracking law-firm combinations since 2007. There were 88 mergers involving U.S. firms, up 47 percent from 2012. The trend was national and included firms in Philadelphia and throughout the region. Among them, Blank Rome L.L.P. added eight lawyers in Houston to bolster its maritime and energy practices.
SPORTS
January 8, 2014 | By John Smallwood, Daily News Staff Writer
IT WAS a few moments before Chip Kelly was scheduled to speak, and a stream of Eagles players strolled by the publicity room at the NovaCare Center, heading home to begin what they believe is a premature start to the offseason. It was still a bit too soon to be over the NFC wild-card loss to the New Orleans Saints on Saturday night, but reality had set in with the cleaning out of lockers. This was so different from a year ago. At this time last January, the Eagles were a week into the chaos after firing Andy Reid after 14 seasons.
NEWS
January 6, 2014 | By Marie McCullough, Inquirer Staff Writer
A new biotech company with formidable founders and funding has joined a lawsuit that accuses the University of Pennsylvania of misappropriating key technology behind its breakthrough therapy for leukemia. The company, Juno Therapeutics Inc., was launched early last month by three major cancer institutes - including Memorial Sloan-Kettering Cancer Center - with a massive $120 million investment from leading venture capital firms. Juno's debut ups the ante in the high-stakes race to commercialize novel therapies that use the patient's immune "T cells" to fight cancer.
BUSINESS
January 2, 2014 | By Joseph N. DiStefano, Inquirer Staff Writer
Your vehicle and its builders, your washing machine and the power company, your supermarket's produce case, and the tractor that harvests your vegetables: They're all talking about you and what you want - or will be soon, thanks to electronic sensors and the software being written to link them into an "Internet of things. " ThingWorx , a not-yet-profitable Exton software firm that helps companies exploit the user data that "smart connected products" are starting to send one another other via WiFi, Bluetooth, and remote cloud computer servers, has been sold to publicly traded industrial software-maker PTC Inc. , of Needham, Mass., by owners including Safeguard Scientifics of Wayne and founders Russell Fadel and Rick Bullotta for $112 million.
BUSINESS
December 28, 2013 | By David Sell, Inquirer Staff Writer
With a key wind-energy tax credit set to expire Wednesday, Gamesa Technology Corp., the Spanish-based wind-turbine company with operations in Bucks County, said Thursday that it had signed a "framework agreement" with EDP Renewables to produce up to 225 of its latest generation of turbines through 2016. Gamesa issued a statement saying this was the largest such agreement for its G114-2.0 Megawatt turbines. Such turbines, which cost about $2 million apiece early in 2013, are the size of a cargo container and are hoisted atop towers to produce energy from the turning blades of a windmill.
BUSINESS
December 28, 2013 | By Maria Panaritis, Inquirer Columnist
It was inevitable, with online retailers promising the kind of speedy delivery unimaginable a few years ago, that the mind-boggling mechanics behind it all would eventually go haywire. Especially around Christmas, as some people found out the hard way. On Thursday, the butler-like service of the Internet economy, which shoots packages to people's homes with staggering reliability, became a target of customer consternation after parcels failed to land, as promised, by Christmas Eve. United Parcel Service apologized Thursday for delays nationwide that left last-minute gift-givers empty-handed on Christmas.
BUSINESS
December 20, 2013 | By Andrew Maykuth, Inquirer Staff Writer
WILLIAMSPORT, Pa. - A former state environmental inspector indicated Wednesday that there was evidence of previous, unreported spills on a Marcellus Shale gas drilling site where he discovered toxic wastewater gushing onto the ground in 2010. Jeremy Daniel, 32, an inspector for the Pennsylvania Department of Environmental Protection at the time, said he found puddles of wastewater, sand, and a "defined area of dead vegetation" flowing from several steel wastewater storage tanks on a Lycoming County well site operated by XTO Energy Inc. Daniel was called as a witness in a preliminary hearing on criminal charges that the state brought in September against XTO, Exxon Mobil Corp.'s shale-drilling subsidiary.
BUSINESS
December 17, 2013 | By Joseph N. DiStefano, Inquirer Staff Writer
When popular artists like Detroit rapper Eminem , Dutch deejay Tiesto , and dance-music boss Derek "Pretty Lights" Smith talk to their fans online or sell them gear, the software applications, customer service, even the clothing orders are routed through five suites in a converted townhouse row in Society Hill near the end of South Street. That's home to Fame House , a 26-person firm bought last month by the publicly traded electronic-music events manager SFX Entertainment of New York - it runs the Mysteryland festival and the Beatport music-download store, among other live and virtual music portals - to serve as a "digital hub" for the ways music makers reach and sell to their fans.
BUSINESS
December 9, 2013 | By Joseph N. DiStefano, Inquirer Staff Writer
At the end of the 1990s, MIT scholar Kevin Ashton suggested the dot.com boom would spawn an "Internet of Things," with everyday gadgets linked by software. No more wall switches. Smartphones are making that happen. As gadget-makers figure out how home and office cameras, kitchen and laundry appliances, heaters and air conditioners, computers and media players can be switched and scheduled from phone apps, American manufacturers, retailers, even phone and cable companies, have been rushing to build "smart home" remote-control systems that can be worked from a phone.
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