August 23, 2016 |
Robert Scott Woodcock, 88, of Gladwyne, an investment banker and brokerage vice president, died Aug. 15, of cancer at Waverly Heights. A Gladwyne resident since 1953, he moved to the retirement community in 2012. Mr. Woodcock was born in Lansdowne to Mabelle H. and Harold Palmer Woodcock. He graduated from Marple Newtown High School and served in the Army Air Corps during World War II. He attended Lafayette College in Easton, where he took an active role in the Zeta Psi Fraternity, serving as fraternity house president his senior year.
August 18, 2016 |
TRENTON - Gov. Christie offered his "unequivocal" support for Israel on Tuesday, signing into law legislation that prohibits the state Treasury Department from investing public employee pension funds in companies that boycott the U.S. ally. The law is a rejection of the "boycott, divestment, and sanctions" movement against Israel that Palestinians and other supporters launched a decade ago to, as the movement puts it, "pressure Israel to comply with international law. " "Unequivocal, unashamed, unapologetic support of Israel is the policy of the State of New Jersey - and should be the policy of the United States of America, and hopefully will be in the years going forward," Christie, a Republican, said at a Statehouse news conference.
August 12, 2016 |
Accolade Inc., which contracts with self-insured employers and insurers to help beneficiaries navigate health care, on Thursday announce that it raised more than $70 million from investors led by Andreessen Horowitz, a prominent Silicon Valley venture capital firm. Founded in the Philadelphia region in 2007, Accolade now has joint headquarters in Plymouth Meeting and Seattle, where the company's new chief executive, Rajeev Singh, is based. Accolade, which employs around 500 in Plymouth Meeting, said it will use the new venture capital to further develop its technology, invest in research and development, and expand its sales and marketing reach.
August 8, 2016
Marybeth Hagan is a writer in Merion Station The balloons have fallen and Democratic National Conventioneers went their merry ways. Yet one recurring theme of that Philadelphia political event left me uneasy. Democrats seem dead set on being the party that celebrates abortion and bills taxpayers for it. While some convention speakers spoke of abortion as "reproductive health care," others openly crowed the word. Ilyse Hogue, NARAL Pro-Choice America's president, took that verbalization one step further and talked about her abortion years ago. "I wanted a family, but it was the wrong time," Hogue said.
July 28, 2016 |
Take pension money and invest it in local projects that produce a guaranteed return, such as a toll road. That was one of the ideas suggested by former Maryland Gov. Martin O'Malley to fix the sorry state of public pensions nationally. Those in New Jersey and Pennsylvania were the nation's worst funded last year. "There are opportunities we've yet to realize, such as having our pension funds invest in local, sustainable projects with a double bottom line," said O'Malley, one of the few politicians to reverse a state's pension deficit.
July 20, 2016 |
Michael Donatucci was known as a man for others, a value, instilled in him through his Jesuit education, that shone through to everyone he met. "Anybody that ever met him always said he was such a gentleman," said his father, Ronald, Philadelphia's longtime register of wills. "I was blessed to know him for 31 years. " Mr. Donatucci, chief investment officer of the city's Pension Fund, took his own life Friday night, July 15. He would have turned 31 on Tuesday. He was found dead in his home by his fiancee, Meghan Klein, whom he met about 10 years ago in Margate, N.J., where the Donatucci family has a summer home.
July 13, 2016
By Lex O. McMillan III I suspect that just about everyone has had the annoying experience of hearing someone hold forth on a subject with unshakable confidence but giving voice to pure bunk. In the heated atmosphere of our current political races, this experience is probably even more common. One of the most annoying that has been making the rounds for quite some time is the recurring refrain of a "student debt crisis. " I am probably imagining the frequency given my work as a college president, but it seems that almost daily, I read or hear someone invoke this phrase as if it were as uncontested as the sun rising in the east.
July 12, 2016 |
In the midst of the market uncertainty over Brexit, it's not just gold that's shining as an investment alternative these days. Silver is outperforming, as well. As gold has surged to its highest since March 2014 in recent weeks, silver is hovering around $19 an ounce, up roughly 10 percent since voters in Britain opted to leave the European Union. After hitting nearly $40 an ounce in 2011 and then crashing down to $11, silver recently broke above its January 2015 highs, a key price level.
July 7, 2016 |
Turner Investments plans to merge its investment-advisory platform with that of Michael Kennedy 's Radnor-based Veracen L.P ., in a proposal to use the shrunken Berwyn-based mutual-fund group founded by stock-picker Robert E. Turner to build a larger, more automated investment-management firm, according to privately circulated documents obtained by the Inquirer. If the deal goes through as planned later this month, Turner will also seek to raise $12.5 million from private investors to fund rapid expansion, according to an "investor presentation" dated June 30 and shown to potential investors.
July 7, 2016 |
Drug maker Merck said that it will acquire a controlling interest in Vallée S.A., a private producer of animal health products in Brazil. Under the terms, Merck's animal health business in Madison, N.J. will acquire 93 percent of Vallée for $400 million, based on current exchange rates. The agreement is subject to regulatory review. Under the deal, Vallée's portfolio of more than 100 products including parasiticides, anti-infectives and vaccines for livestock, horses, and companion animals, will be combined with Merck's animal-health division.