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BUSINESS
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.
ENTERTAINMENT
July 8, 2010
Allmenus: Half off at restaurants, $12.50 for $25 gift certificate. Menus posted. Buywithme: Daily deal, discounts of 50 percent and more on dining and services. Dealradar: Monitors all the sites on this list and delivers best daily deals in various categories. ( dealradar.com ) Groupon: 50-percent-off deals on dining and more, but offered only if a goal number of deals are sold. Invite friends and earn dollar credit toward future deals. Half Off Depot: Half-off savings on services, dining, entertainment and more.
NEWS
October 26, 2011 | By Andrew Maykuth, Inquirer Staff Writer
Alphabuyer Inc., a year-old Paoli e-commerce company that enlists customers for "group buying for your bills," probably could have picked something a little sexier to start with than the humble electric bill. But since launching last year with discount offers for Peco Energy Co. electricity customers, the group-buying service has expanded into three other states, including New Jersey, and other commodities, such as natural gas. Cofounder Kevin Johnson imagines that eventually every savvy, penny-pinching customer will go through Alphabuyer to join groups to buy products and services ranging from discounted Internet and cellphone service to gasoline, heating oil, or antivirus-software subscriptions.
BUSINESS
September 9, 2011 | By Mike Armstrong, Inquirer Columnist
Not even a lot of rain Thursday could dampen the entrepreneurial spirits of those at DreamIt Ventures Inc. That's because DreamIt disclosed the 15 start-ups that will spend the fall in its business acceleration program in West Philadelphia. And despite the 25 feet of rain that's fallen here since early August, not a one of them is trying to make a better umbrella or sump pump. DreamIt trends more to the Web-based or mobile business than the machine shop in part because that's where the interests of venture capital investors are. When Groupon , the Chicago online coupon firm, can claim a market valuation of $30 billion after just three years, you can see why. Starting Monday, the DreamIt companies will gather for 13 intense weeks of battle-testing their business plans and beta websites in their temporary home at the University City Science Center.
BUSINESS
February 10, 2012 | By Christina Rexrode, Associated Press
NEW YORK - The stock market finally got a deal in Greece, but it didn't produce much of a rally. U.S. stocks rose Thursday morning after Greece announced an agreement to cut costs and keep from defaulting on its debt next month. But stocks dropped later in the morning and did not return to their highs for the day. Analysts cautioned that the market had expected the deal in Greece and warned that Europe still faced problems. "We still have a lot of wood to chop," said Jeremy Zirin, chief equity strategist at UBS Wealth Management.
BUSINESS
February 1, 2012 | By Pallavi Gogoi, Associated Press
NEW YORK - Facebook founder Mark Zuckerberg turns up at business conventions in a hoodie. Cocky is the word used to describe him most often, after billionaire . He was Time's person of the year at 26. So when he takes Facebook public, why would he follow the Wall Street rules? The company filed to sell stock on the open market in what is likely to be the most talked-about initial public offering since Google in 2004, maybe since the go-go 1990s. Around the nation, regular investors and IPO watchers are anticipating some kind of twist - perhaps a provision for the 800 million users of Facebook, a company that promotes itself as all about personal connections, to get in on the action.
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