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BUSINESS
April 11, 2013 | By Joseph N. DiStefano, INQUIRER STAFF WRITER
iPipeline, an insurance-software maker based in Exton, is the latest suburban tech firm to add a Center City office in hopes of luring young engineers, programmers and information technology salespeople. The firm, which employs 390 in the Philadelphia area and its U.S. and foreign offices, and hopes to add 50 more this year, has leased a suite on the 33rd floor at 1818 Market St., a 40-story building soon to be known as Beneficial Place, the new headquarters for the city's largest remaining bank.
BUSINESS
April 12, 2013 | By Joseph N. DiStefano, Inquirer Staff Writer
iPipeline, an insurance-software maker based in Exton, is the latest suburban tech firm to add a Center City office in hopes of luring young engineers, programmers, and information-technology salespeople. The firm, which employs 390 in the Philadelphia area and its U.S. and foreign offices, and hopes to add 50 more this year, has leased a suite on the 33d floor at 1818 Market St., a 40-story building soon to be known as Beneficial Place, the new headquarters for the city's largest remaining bank.
BUSINESS
December 31, 2012
Simon's Fund, a Plymouth Meeting nonprofit group that works to protect children from sudden cardiac arrest through free heart screenings, research, and legislative advocacy, has named the following officers to its board of trustees: Mark Koenig, a sales executive in the cardiac-rhythm management division of Boston Scientific, is chair. Kenneth Fair, a partner at Naulty, Scaricamazza & McDevitt, is vice chair and secretary. Named to the executive committee are: Mitchell Bednoff, a partner in Sage Financial Group.
BUSINESS
March 30, 2006 | By Rebecca Carroll and Jane M. Von Bergen INQUIRER STAFF WRITERS
When Nicole St. Julien-Thomas hears her alarm buzzing each morning, she doesn't have to worry about her work outfit, traffic jams or office politics. She just picks up the phone, logs on to her computer at home in Gloucester County, and starts fielding customer service calls. St. Julien-Thomas is homeshoring, a new and expanding practice that allows customer service agents to work from home instead of in centralized call centers. Some large American companies are even bringing some of their customer-service operations back from India, the Philippines, and other offshore locations to take advantage of homeshoring.
NEWS
March 14, 2013 | By Peter Mucha, Philly.com
Over the last dozen years, Philadelphia has lost so many billionaires - 10 names in all - it no longer has sole bragging rights in Pennsylvania. Judging from Forbes' latest list of the world's wealthiest people, the Pittsburgh and Philly areas are now tied with three residents apiece with 10-figure fortunes. If not for newcomer Michael Rubin , e-commerce whiz and 76ers part-owner, Pittsburgh would have been first - just as it is in Super Bowls (six to zip). Although more than a dozen billionaires either grew up in the Philadelphia area (like newly listed Valley Forge-born designer Tory Burch , investor/philanthropist Ronald Perelman , apparel-and-entertainment tycoon/philanthropist Sidney Kimmel , and ex-Eagles owner Norman Braman )
BUSINESS
May 31, 2010
Securities trades recently reported to the Securities and Exchange Commission by officers, directors, and principal shareholders of corporations based or having sizable employment in the Philadelphia area. Titles are as reported to the SEC. A.C. Moore Arts & Crafts Inc. Joseph A. Jeffries , chief operating officer, bought 4,500 shares at $2.80 May 14 and now directly holds 153,542 shares. David Ross Stern , chief financial officer, bought 5,374 shares at $2.79 May 24 and now directly holds 109,220 shares.
BUSINESS
December 10, 2007 | By Joseph N. DiStefano INQUIRER STAFF WRITER
What makes a company valuable? In the stock markets, where software writers, oil refiners, toy-makers and bomb builders compete for the same investor dollars, it doesn't matter what you make, or even how much you sell; it's how much profit investors expect you're going to keep that determines share prices. Thirteen Philadelphia-area companies rank on the Standard & Poor's list of 500 big publicly traded corporations. The most valuable is Comcast Corp., the Philadelphia-based cable TV, Internet and phone company, which earned $2.5 billion on gross sales of $25 billion last year, and was worth $64 billion - based on the price Wall Street assigns to its shares - on the Nasdaq Stock Market at the start of November.
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