July 26, 2014 |
"Ride-share" services Uber and Lyft won temporary authority from the Pennsylvania Public Utility Commission on Thursday to operate in Pittsburgh and surrounding Allegheny County. In another development, taxi cabs in Philadelphia will be required to install security cameras this year, following approval Thursday by the state Independent Regulatory Review Commission. The security cameras will monitor both the driver and passengers, and are designed to improve safety for both, said the Philadelphia Parking Authority, which regulates taxis in Philadelphia.
July 24, 2014 |
Morgan, Lewis & Bockius L.L.P., of Center City, is reportedly among a handful of firms in merger talks with Boston-based Bingham McCutchen. Morgan Lewis, already one of the nation's largest firms, with 1,400 lawyers, would grow to well over 2,000 if the firms combined. Both firms declined to comment Tuesday. News of the discussion first emerged in a report by Reuters. In the last year, Bingham McCutchen, with 850 lawyers, has gone through a leadership change and a decline in revenue.
July 14, 2014 |
He's the man who built Campus Apartments in University City from a regional student-housing company into a national firm. David Adelman, who took over from the Campus Apartments founder, is branching out into office space in West Philadelphia - and he's looking to attract a key anchor tenant, such as Google, to lease his former factory space at 4101 Sansom St. The retrofitted printing-press shop here is known as the Graphic Arts Lithographers building...
July 11, 2014 |
Camden's potential role in Holtec International Inc.'s future is part of a larger plan by the company to accelerate its already rapid growth of recent years. In recent interviews, founder Krishna P. Singh and other officials of the Evesham-based power-plant supplier have described a vision for the company in which it would develop and build small reactors, which they said would be cheaper and safer than 20th-century nuclear power stations and greener than fossil-fuel-burning power plants.
July 10, 2014 |
The New Jersey Economic Development Authority on Tuesday disclosed a proposal to award Holtec International Inc. a 10-year, $26 million tax credit to locate some of its operations in Camden. News of the potential project, listed online as part of a meeting agenda, comes a month after an $86 million tax credit was awarded to the 76ers to build a practice facility on the city's waterfront, moving there from Philadelphia. Holtec, based in Marlton and Jupiter, Fla., is a multinational power-plant supplier founded by Krishna P. Singh, who has an engineering doctorate from the University of Pennsylvania.
July 8, 2014 |
Pantzer Properties of New York on Wednesday acquired the 13-story, 80-unit Oakwood Philadelphia at 1601 Sansom St. for $29 million, according to JLL Capital Markets, which arranged the transaction. The building, owned by Jones Lang LaSalle, was leased by Oakwood Worldwide of Los Angeles, has offered short-term rentals for corporate executives at $129 to $174 a night. Oakwood Philadelphia, which will be renamed Point at Rittenhouse Row and offer market-rate rentals, has 77,656 square feet of rentable apartment space and 11,192 square feet of retail and commercial space.
July 7, 2014 |
Sunoco's good corporate name is taking a beating these days, as community activists and bloggers post snarky statements under headlines like "Sleazy Sunoco," linking the company to fracking and eminent domain. The trouble for Sunoco Inc., the Philadelphia company with nearly 4,900 retail fuel stations and convenience stores in 23 states, is that it has nothing to do with the cross-state pipeline project that has attracted fierce local opposition and has become embroiled in a contentious matter before the Pennsylvania Public Utility Commission.
July 2, 2014 |
The U.S. Supreme Court dealt a blow to the Obama administration's signature health care law Monday, ruling that employers with religious objections can refuse to pay for their employees' contraception in twin cases brought by a Lancaster County cabinet manufacturer and one of the nation's largest craft supply chains. In their 5-4 decision, the justices recognized for the first time that for-profit business - such as Conestoga Wood Specialties, owned by a Mennonite family in East Earl, and Oklahoma-based Hobby Lobby - can exercise religious views derived from their owners.
June 30, 2014 |
The two friends would sit on the beach in Avalon, watching their children play in the sand and waves, and dream of how one day they would be designers with their own business. It was only a dream until Kathleen Cochet and Anne Flynn made it a reality in 2009, when they founded a pop-up design firm. One product, vintage-style subway signs printed on high-quality paper, sold like hotcakes - so well, the pair renamed their business MySubwaySign. But their company needed a home. And, as it came to pass, so did Cochet.
June 27, 2014 |
The West Deptford company believed responsible for the spread of chemicals in the water supplies of several Gloucester County towns said Wednesday that its testing of private wells showed only a handful had "quantifiable" levels of the contaminant. Solvay Specialty Polymers had agreed to test about 90 wells in West Deptford and East Greenwich, as local, state, and federal officials have turned their attention to the contamination. Of the identified wells, the results from 50 have been sampled and verified, Solvay said in a statement, and seven have detectable levels of the specific perfluorinated compound (PFC)