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 9, 2015
Business is like sports, says Michael Rubin, a co-owner of the NBA's Philadelphia 76ers and the NHL's New Jersey Devils : Losing hurts. But with the right team and strategy, pain moves you toward a championship. That knowledge gets you moving faster. And timely trades can move you closer. Rubin says he was getting bored and anxious about the biggest business units in his too-sprawling e-commerce company, GSI Commerce, when eBay offered to take the publicly traded King of Prussia-based firm off his hands for $2.4 billion in 2011; eBay also let him buy back the pieces he wanted, like the pro- and college-sports gear online seller Fanatics , for $500 million.
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.
August 25, 2004 |
If you shop much online, it's possible you've shopped with GSI Commerce Inc. It's also likely you didn't know it at the time. Doing e-commerce work behind the scenes for dozens of well-known retailers and sports organizations has allowed the King of Prussia company not only to survive the tech downturn, but to grow. Today, GSI - which creates and manages e-commerce Web sites and also handles the shipping of merchandise to consumers - has expanded well beyond its original niche, sporting goods, to include retailers Ace Hardware Corp.
October 25, 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 like natural gas. Cofounder Kevin Johnson imagines that eventually every savvy, penny-pinching customer would go through Alphabuyer to join groups to buy anything from discounted Internet and cellphone service to gasoline, heating oil or antivirus software subscriptions.
November 30, 2010 |
From her headquarters office at online retail operator GSI Commerce Inc. , Fiona Dias can see the paved parking that makes possible the King of Prussia shopping complex. "The mall was packed Black Friday," said Dias, "but I didn't see tons of shopping bags. " The National Retail Federation , in a survey of 4,300 Americans, said the number of people shopping online has grown by a third so far this Christmas-shopping season compared with last year. Actual online sales were up a more modest 9 percent, estimated analyst Marianne R. Wolk , who covers Amazon.