November 29, 2012 |
Raghunandan Yandamuri said he never intended to kill or harm anyone. The Montgomery County man told detectives that he simply wanted to kidnap 10-month-old Saanvi Venna for ransom. What happened next, he said, was "unexpected. " First Assistant District Attorney Kevin Steele, however, said Yandamuri acted quite deliberately. Motivated by gambling debts, he was carrying a four-inch kitchen knife to kill the child's grandmother and a note that demanded $50,000 and threatened to have the baby "cut into pieces.
May 23, 2013 |
Poptent , the video-production outfit with a major office in Conshohocken that uses crowdsourcing to produce content, has named a new CEO. Nick Pahade will succeed Rick Parkhill , the California investor who founded Poptent in 2007 to match independent filmmakers with Fortune 100 companies and ad agencies to generate content at about one-seventh the cost of traditional production. Starting June 3, Pahade, who lives in the Princeton area, will be based out of the Conshohocken headquarters, where about 30 of Poptent's 55 employees work.
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.
March 30, 2006 |
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.
March 14, 2013 |
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 )
June 28, 2011 |
Three University of Pennsylvania students have walked away from their Wharton and Engineering studies to launch a new college-software firm, Coursekit , based on a service they rolled out at Penn this year. Chief executive officer Joseph Cohen is (was!) a Wharton business school sophomore. Dan Getelman and Jim Grandpre had been studying engineering. "The time is right," Cohen told me. "I go to a good school. But I'm not really an academic type. I was half doing school and half doing the company.
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.