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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.
BUSINESS
October 19, 2011 | By Joseph N. DiStefano, Inquirer Staff Writer
Who are these guys? The new 76ers owners, who purchased the team from Comcast-Spectacor , include overlapping circles of University of Pennsylvania grads, Philly natives, and Wall Street moguls who got rich during (and after) the long economic boom that crashed in 2008. Plus Hollywood people. A couple of veteran sports businessmen. And the Indonesians. As a group they are led by Wharton School grads Joshua Harris, a founder of Apollo Global Management L.L.C.
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
October 1, 2013
FMC Corp. , Philadelphia, named Thomas Schneberger vice president, global business director of Alkali Chemicals. He had been global sustainability director. Linda Froelich has been named director of global sustainability. She had been global stewardship manager, overseeing Agricultural Solutions' product stewardship programs. James C. Krieg has joined the Rothman Institute at Jefferson as chief of orthopedic trauma and fracture care and professor of orthopedic surgery at Jefferson Medical College.
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.
BUSINESS
January 3, 2006 | By Todd Mason INQUIRER STAFF WRITER
Investors had more questions than answers after A.C. Moore Arts & Crafts Inc. cut its earnings outlook in October for the second time in 2005. Shares in the retailer based in Berlin, Camden County, fell 24 percent in the fourth quarter. Even A.C. Moore's executives can't explain a sales slowdown that also hit rivals Michaels Stores Inc. and Jo-Ann Stores Inc. "If I could answer that question, I would be a genius," said Leslie H. Gordon, chief financial officer of A.C. Moore, which operates 105 stores in the eastern United States.
BUSINESS
January 3, 2005 | By Bob Fernandez INQUIRER STAFF WRITER
A new federal rule has a Chester County aerospace company's stock flying high. Shares in Innovative Solutions & Support Inc., of Exton, soared 36 percent in the fourth quarter, making the company one of the biggest gainers of 158 area firms whose shares rose in the period. Only 50 area companies' share prices fell. Technology and telecommunications companies were among the big winners, while bio-pharmaceutical companies were among the losers. Genaera Corp., of Plymouth Meeting, and Adolor Corp.
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