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BUSINESS
May 29, 2015 | By Harold Brubaker, Inquirer Staff Writer
Mike Bowman, chief executive of Valley Forge Casino Resort, will become president of the Valley Forge Tourism & Convention Board, where he has been chairman, the Upper Merion Township casino announced Wednesday. Bowman, a veteran of the casino industry who got his start in Atlantic City, plans to step down June 15, the announcement said. Until the casino, which is controlled by investor Ira Lubert, replaces Bowman, chief financial officer Alex Figueras and chief marketing officer Jennifer Galle will oversee the property.
BUSINESS
May 28, 2015 | By Harold Brubaker, Inquirer Staff Writer
A new group - backed by the region's largest health insurer, its top academic medical centers, Comcast Corp., and others - wants to roll out the red carpet for health-care start-ups in the Philadelphia region. The Health Care Innovation Collaborative grew out of a CEO Council for Growth task force chaired by John Fry, president of Drexel University, and Dan Hilferty, president and chief executive of Independence Blue Cross. The collaborative is to be announced Wednesday at the Greater Philadelphia Chamber of Commerce's annual State of the Region meeting in Center City.
NEWS
May 25, 2015 | Chris Melchiorre, For The Inquirer
When David Smith turned toward the cage, the first thing he noticed was a defender bearing down on him. It was a fitting moment because it summed up the entire game: One team pushed, the other team pushed harder. And with that defender in the corner of his eye, Smith starting pushing. "I saw I had a step on him, and I just took off down the field. I was able to slide left toward the goal and get a quick shot off top-shelf," Smith said. "The first thing I thought when it went in was: It's about time.
NEWS
May 24, 2015 | By Kathy Boccella, Inquirer Staff Writer
For the group representing Pennsylvania school board members, when it comes to the state's billion-dollar charter-school industry, there's no such thing as too much information. But frivolous is the word charter-school operators are using to describe the blizzard of Right-to-Know requests submitted by the Pennsylvania School Boards Association. They were lodged with about 180 publicly funded charters in every corner of the state, seeking data on how those schools spend millions of dollars on such items as salaries, consultants, rent, ad campaigns, and a long list of other expenditures.
BUSINESS
May 22, 2015 | By Harold Brubaker, Inquirer Staff Writer
The Pennsylvania Gaming Control Board on Wednesday gave Endeka Entertainment L.P., a partnership of mostly Philadelphia-area investors, until November 20 to secure financing for Endeka's proposed $225 million casino in Lawrence County. But the gaming board is keeping Endeka on a tight leash, requiring new partners Joseph G. Procacci and Merit Management Group to submit their applications by June 1 and giving other partners until June 15 to submit previously requested information.
BUSINESS
May 22, 2015 | By Jacob Adelman, Inquirer Staff Writer
The Watermark at Logan Square retirement complex was acquired earlier this month for $65.3 million by a company identified as SNR 21 Logan Square Owner, according to city records. The buyer shares a Texas address with Fortress Investment Group in a related document filed with the city. Watermark Logan Partners sold the property to SNR 21. Fortress spokesman Gordon Runte and Watermark spokeswoman Jill Hofer did not return calls seeking comment. The Watermark has 464 rental apartments and assisted-living units, according to the property's website.
NEWS
May 17, 2015 | By Justine McDaniel, Inquirer Staff Writer
A week before the annual Devon Horse Show, a new organization has launched a campaign to preserve the show grounds. An organizer behind the Devon Preservation Alliance said his hope was to build support and give voice to fans concerned about the fate of the century-old institution, thousands of whom are likely to arrive when the fairground gates open next week. "We wanted to provide . . . an educational spot where people who are concerned about preservation could come together," said the group's managing director, Chester County lawyer Joshua Macel.
NEWS
May 14, 2015 | Chris Brennan, Inquirer Staff Writer
Add another independent expenditure (IE) group to the mix in the final week of the Democratic primary campaign for mayor of Philadelphia. A new nonprofit, Leadership Matters Inc., is expected to start airing commercials Wednesday. Former City Councilman James F. Kenney, the front-runner in Tuesday's election, appears to be the group's target. The group was registered with the Pennsylvania Department of State last week by Chris Lapetina, a Democratic political consultant with a firm in Washington.
NEWS
May 12, 2015 | Chris Brennan and Claudia Vargas, Inquirer Staff Writers
If dollars were votes, state Sen. Anthony Hardy Williams would be a sure bet to win the Democratic primary for mayor. Williams and former City Councilman Jim Kenney each raised more than $1.3 million from Jan. 1 to Monday to run for mayor, according to campaign-finance reports filed Friday. But this is the season of the independent expenditure group, political action committees operating as financial free radicals, raising and spending funds unhindered by the city's campaign-finance limits.
BUSINESS
May 12, 2015 | By Jane M. Von Bergen, Inquirer Staff Writer
Growing up in the South, Wilford "Will" Fuller, 44, who now commands a hefty salary as head of several divisions of Lincoln Financial Group, worked in a dye house, shoveling athletic socks into bleach vats. "We'd throw them into these big walk-in dryers," Fuller said. "We'd step into the dryer in hundred-degree heat and pitchfork" them out. Fuller now runs Lincoln's $124 billion annuity division and leads the entire company's sales operation, distributing Lincoln's retirement products through finance companies and advisers.
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