November 11, 2014 |
"That little junk dealer from Jenkintown has built a multi-billion-dollar entity in New York," Bucks County-based broker and investment adviser Austin Dutton said of real estate mogul Nicholas Schorsch . "From Old York Road to Park Avenue. " Schorsch, whose family made its fortune in the scrap-metal business, is chairman of American Realty Capital Corp. , landlord to some of the biggest U.S. companies. He also is the head of investment bank and brokerage RCS Capital Corp.
November 9, 2014 |
One of the flash points in the fight over Uber's high-tech, innovative, disruptive arrival in Philadelphia is old-fashioned auto insurance. When riders use a smartphone app to summon UberX - a private car with a private driver - how are they protected in case of an accident? Uber says it provides $1 million in coverage for its passengers and drivers, much more than traditional taxis do. Regulators in Philadelphia and Harrisburg contend the ride-share company relies too heavily on drivers' personal insurance policies and doesn't fully protect the public.
November 6, 2014 |
William R. Henry didn't limit his construction expertise to South Jersey. In 1988, Mr. Henry "went to Iquitos, Peru, to help build a school building for deaf children in conjunction with Shawnee Baptist Church and the ABWE Mission," his biographical notes report. The church is in Shamong and the Association of Baptists for World Evangelization is in Harrisburg. And in 1990, "Bill went to Honduras with Wiley Church and the WGM Mission to help rehab a building to be used at the El Sembrador Farm School for boys," the notes state.
November 4, 2014 |
The decadeslong consolidation of local cable TV firms into a few national networks led by Comcast Corp. has squeezed local outfits that used to wire customers for cable, according to a Philadelphia Common Pleas Court lawsuit by two Pennsylvania firms. Cable Line Inc. and McLaughlin Communications Inc. accuse Comcast Cable Communications of Pennsylvania Inc. of enticing them and other local operators to hire and train workers, add offices, borrow money for trucks and equipment - "only to abandon those firms once they had been induced to create the infrastructure necessary for Comcast's expansion," according to the lawsuit.
November 1, 2014 |
IN A rare move, City Council President Darrell Clarke skipped caucus yesterday and dodged the press all morning, anticipating the third degree on PGW. There had been murmurings that a Council member would introduce the mayor's bill to sell PGW to UIL Holdings of Connecticut. But that proved only rumor. "I don't have any second thoughts," Clarke later said of his decision to nix Nutter's bill on the sale of PGW. "Not only did we say that that particular proposal was very narrowly tailored and not sufficient for passage by this particular Council, but we also outlined a path for creating a true energy hub. " Despite intense lobbying from interests on behalf of the Nutter administration and various stakeholders in PGW, no one was willing to go against the Council president and introduce a bill.
November 1, 2014 |
Struggling to keep her tears under control, Cleotilde Tiacopilco described a day on the job at Olympic Linen & Laundry Service in Lansdowne: Start at 8 a.m., clean 5,000 napkins, put them in a machine, then count and pack them. Finish by 6 p.m., then spend the next hour or so cleaning the office and the bathroom. Her pay over 12 years? No overtime and $5 an hour until November 2013, when she got a raise to $6.50, she said at a news conference held in City Hall on Thursday to announce the filing of a wage-and-hour lawsuit against the company.
October 30, 2014 |
When software firms start buying marketing firms, you know something is changing in the way corporate America does business. LiquidHub , the Wayne-based "systems integrator" that customizes business software for Novartis , Subaru , Comcast , Vanguard , and other big companies, plans to announce Wednesday that it has acquired Foundry9 , a 100-person New York digital advertising and marketing agency that targets financial services...
October 30, 2014
L OUIS RODRIGUEZ , 46, of Williamstown, N.J., is president of Rodriguez Consulting, in North Philadelphia. The Chester native founded the civil-engineering firm in 2007. It's the 54th-fastest-growing inner-city business on the 2014 Inner City 100 compiled by the Massachusetts-based Initiative for a Competitive Inner City. Q: How'd you come up with the idea for the biz? A: I was working for the Philadelphia Water Department and noticed a lot of work was outsourced to private firms.
October 28, 2014 |
Philadelphia Parking Authority officials vowed Monday to continue their crackdown on UberX drivers, impounding cars and issuing $1,000 fines, if the ride-share drivers attempt to pick up passengers in the city. The battle intensified Monday, as Mayor Nutter voiced his support for the service, and Uber asked the Pennsylvania Public Utility Commission to grant it emergency authority to operate in the city and suburban counties. "I am supportive of them being here legally, operating within requirements of the law," Nutter said Monday.
October 17, 2014 |
BEST-SELLING legal thriller novelist John Grisham apologized yesterday for saying in an interview with London's Daily Telegraph that many men imprisoned for child-pornography offenses in the U.S. probably just had too much to drink and "pushed the wrong buttons. " Grisham added that U.S. prisons were "filled with guys my age. Sixty-year-old white men in prison who have never harmed anybody, would never touch a child. " Actually, they're more likely to be filled with 25-year-old black men who smoked a joint.