May 11, 2014 |
A FORMER eBay and Gannett executive pleaded guilty yesterday in federal court to insider trading. Christopher Saridakis, 45, of Greenville, Del., was a senior executive at GSI Commerce, a King of Prussia-based e-commerce company when he provided confidential information about eBay's pending acquisition of GSI to others. He faces a maximum possible sentence of 20 years in prison and a $5 million fine when he is sentenced on Sept. 19 by U.S. District Judge Stewart Dalzell, the U.S. Attorney's Office said.
October 3, 2014 |
A FEDERAL JUDGE struggled yesterday with what sentence to give Christopher Saridakis - a former eBay and Gannett executive - who pleaded guilty to insider trading. On the one hand, Saridakis, 46, "a bright guy who's hugely successful in business," is - aside from his one conviction - a law-abiding citizen, U.S. District Judge Stewart Dalzell noted. On the other hand, the judge said he had to hand down a sentence that would deter others from insider trading and he had to avoid sentencing disparities.
November 17, 2010 |
Store owners, job-hunters, investors all want this Christmas shopping season to be busier than last year. Shares of Dick's Sporting Goods jumped 12 percent Tuesday as the Pittsburgh-based national chain posted modestly higher sales in its third-quarter report. Same-store sales at more than 400 Dick's stores rose 5 percent over 2009 levels. Online sales jumped a more-exciting 82 percent, chief financial officer Timothy Kullman told investors. Wall Street connects online sales with low costs and high profits.
July 2, 2007 |
The Theatre Alliance of Greater Philadelphia named Margie Salvante executive director. Salvante was previously director of education for Roundabout Theatre Co. in New York. PointRoll Inc., a West Conshohocken online advertising subsidiary of Gannett Co. Inc., promoted Becky Churilla to director of marketing from senior brand manager. Peter Kelly will take over in September as vice president for finance and chief financial officer at UGI Corp., the energy holding company in Valley Forge.
November 22, 2010
The Center for Autism , a nonprofit autism treatment and evaluation center, has named Silvana Battaglia , John C. Bickel , and Margaret C. Souders to its board of directors. Battaglia is senior vice president of human resources for Day & Zimmerman Group Inc. Bickel is the president of Hollister Construction Services' Pennsylvania office. Souders is on the faculty at the University of Pennsylvania's School of Nursing and has a clinical appointment as a pediatric nurse practitioner for the Children's Hospital of Philadelphia Clinical Genetics Center and Center for Autism Research.
March 31, 2011
In the Region J&J reorganizes unit Johnson & Johnson is reorganizing its McNeil Consumer Healthcare unit to give more attention to the business, which has been stung by around 20 recalls of products including Tylenol, Motrin, and Benadryl. The company's Fort Washington factory has been linked to millions of bottles of defective medicine. On Monday, Johnson & Johnson will make McNeil a separate organization within J&J. It had been part of a larger group of consumer health-care units.
October 26, 2011 |
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.
September 11, 2011 |
In this punk U.S. economy, familiar places keep vanishing. Our neighborhood Borders , one of my cable-TV-deprived kids' favorite hangouts, shuts this week. The old Circuit City across the road, where we got our first mobile phones and our first factory-boxed PC, is empty again, after another electronics chain found that it couldn't make money there, either. Let 'em go, said Michael G. Rubin , who last spring sold the online-retail contractor and warehouse company he built and ran, King of Prussia-based GSI Commerce Inc., to eBay Inc. for $2.5 billion.
April 5, 2011 |
For the second time in a decade, Michael G. Rubin is selling the business he heads - and keeping some of it, too. Online-auction manager eBay has big plans for its latest proposed Philadelphia-area acquisition, GSI Commerce , which employs approximately 1,000 workers at its King of Prussia headquarters and thousands more at warehouses across North America. But Rubin isn't just selling his company, the publicly traded GSI. He's also buying back the parts he wants, with eBay's blessing, plus eBay financing for further expansion.