August 30, 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. Alliance Bancorp Inc. of Pennsylvania Timothy E. Flatley , director, bought 1,000 shares at $8.05 Aug. 18 and now indirectly holds 6,137 shares. Antares Pharma Inc. Paul K. Wotton , chief executive officer, bought 10,000 shares at $1.50 Aug. 24 and now directly holds 312,937 shares.
April 12, 2013 |
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.
May 18, 2011 |
Breakup fees have been on my mind lately, and I'm not referring to what it may cost the Governator to end his marriage to Maria Shriver . Breakup fees, which in legalese are termination fees, are a part of many corporate acquisitions. They're the price for walking away from a deal. You can see why buyers and sellers want them. Who wants to spend all that time evaluating and negotiating a deal if the buyer can't close it or the seller opts for a better offer from someone else?
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.
October 19, 2011 |
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.
December 24, 2012 |
T'was the Sunday before the Sunday before Christmas, and all through the stores, so few consumer-creatures were stirring . . . well, I barely waited for a food-court burrito, hardly broke a sweat for parking, and saw virtually none of the long checkout lines retailers expect and need during the holidays. Uh-oh , I thought to myself. That bad feeling I'd had on Black Friday, after retailers pulled out the stops with Thanksgiving store openings - only to see less-than-killer crowds the next day - had apparently been a sign of more troubling news to come.
December 10, 2007 |
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.