January 29, 2012
"I can see how the red ink may be perceived as abnormal. " - Nintendo Co. Ltd. president Satoru Iwata, in blaming a strong Japanese yen and competition for a reduced earnings forecast. "We don't want to be used for a PR event. " - David Roth, an "Occupy" protester at the World Economic Forum in Davos, Switzerland, on an offer to meet with forum organizers. "About two dozen customers have basically made me low-interest loans, so that we can restructure our loans, restock, and move forward.
April 4, 2011 |
SAN FRANCISCO - Google Inc. cofounder Larry Page is known for his vision, passion, and intelligence. Yet there is concern that his other known traits - aloofness, a rebellious streak, and an affinity for pursuing wacky ideas - might lead the company astray. Page takes over as chief executive officer Monday as fast-rising rivals and tougher regulators threaten Google's growth. Investors used to Google's consistency in exceeding financial targets worry that new leadership will bring more emphasis on long-term projects that take years to pay off. And many people are not sure he has enough management skills to steer the Internet's most powerful company.
March 12, 2012 |
When Brian and Sharon Squires got into the coupon business more than 20 years ago, Internet shopping didn't exist; neither did TLC's Extreme Couponing and its homage to bargain hunting. Actually, coupons were a rather dull affair, mostly black-and-white clippings from the newspaper, or slightly snazzier versions crammed into envelopes that showed up in the mail. The Squireses - sweethearts since their days at Northeast High School and then at Temple University (Class of '79)
May 25, 2012 |
"OBVIOUSLY, this is a really cool thing," says Ryan Rubino. "We'll want to do something to celebrate. But we'll wait a few weeks, out of respect for our friends. Because this is bittersweet. " Bittersweet, indeed, that San Francisco's iconic eatery Fior D'Italia went belly-up on Tuesday after 126 years of serving calamari, osso buco and gnocchi to hungry masses. Fior d'Italia, founded in 1886, is no longer America's oldest Italian restaurant. That oven-hot torch has now passed to Ralph's, on South 9th Street near Catharine, founded in 1900 by Rubino's great-great-grandparents Francesco and Catherine Dispigno.
August 3, 2011 |
Part of Polly Chung's morning routine, while sipping her coffee, is to peruse the 100 or so daily e-mail alerts that stream into her in-box each night. They come from Groupon, LivingSocial, and dozens of other deal-a-day websites offering hefty discounts at nearby businesses that bank on a consumer's compulsion to seize a good deal before time runs out. More often than not, Chung, a middle-aged New Yorker, buys something - two-for-one movie tickets or maybe a visit to the acupuncturist - and adds it to a spreadsheet she created to track the hundreds of deals she's purchased.
April 6, 2016 |
Former Comcast Corp. CFO Michael Angelakis, now running a $4 billion Comcast-backed investment fund, made his first big bet Monday with a $250 million investment in battered online-deals site Groupon. Angelakis will join the Groupon board as part of the transaction, Groupon said. Angelakis, Comcast's former chief financial officer and vice chairman, launched Atairos earlier this year, with offices in New York and Bryn Mawr. Comcast has agreed to fund Atairos with $4 billion. Atairos will be purchasing $250 million in senior notes that are due in 2022 and can initially be converted into Groupon shares at $5.40 a share, Groupon said Monday.
August 11, 2011
Here is an excerpt from Craig LaBan's online chat: C.L.: I heard Night Market in Mount Airy was awesome. I was so jealous not to taste the artisan pizzas from Nomad's REO Speedwagon pizza truck that I took a road trip to Nomad's home base in Hopewell, N.J. Nomad, for folks who don't know, is opening a branch in Philly in October, in the former Horizons space at Seventh and Bainbridge. Based on my visit, I am S-T-O-K-E-D! Across from a postcard-perfect white church, this little clapboard building is like a dreamy pizzeria chapel.
March 15, 2011 |
Thanks to virtual cows, online coupons and other digital culture storms, two more Wharton School of Business alums have joined the ranks of the world's billionaires, according to Forbes magazine's annual list. The two are also in cahoots - even though their academic stints in West Philadelphia didn't overlap. Mark Pincus, Class of '88, is the mastermind behind the so-called "Google of games," a San Francisco firm called Zynga now worth $5 billion to $7 billion, says Forbes. Not too shabby for being four years old. A big chunk of the throttle-money - $180 million - came from Russia's Yuri Milner, who studied at Wharton in the early 1990s, and has since become a major money man in the digital world.
June 16, 2010 |
Rachel Wenk probably never would have set foot in Bernard's Salon and Day Spa in Cherry Hill if she hadn't snagged such a sweet online deal. But earlier this month, the 23-year-old university admissions rep treated herself to an hour massage anda facial. The experience was valued at more than $135, but she paid just $60. Three cheers for Groupon.com - a moniker blending group and coupon , and one of a growing number of high-tech ways to score local deals. "I love it," said Wenk, who through Chicago-based Groupon also has purchased $40 worth of food at Phoebe's Bar-B-Q on South Street for $20, and $30 of hot yoga classes worth $60 at Bikram Yoga in Voorhees.
November 5, 2011
In the Region CEDC shares fall 36% Shares of Central European Distribution Corp. fell 36.31 percent, to $3.21, after the Mount Laurel-based vodka producer lowered its sales and earnings guidance. The company cut its projected 2011 sales range to $850 million to $950 million, from $900 million to $1.05 billion. The company said it observed "an overall market environment of declining vodka consumption" and pricing pressure in its core markets of Poland and Russia. - Mike Armstrong A&P seeks financing approval Great Atlantic & Pacific Tea Co. , operator of A&P, Pathmark, Food Emporium and Waldbaum's supermarkets, will seek court approval - in a Nov. 14 hearing - for $490 million in debt and equity financing that would enable it to confirm a bankruptcy reorganization plan by February.