August 14, 2015 |
Taking a bigger stake in a fast-growing new digital media company, Comcast Corp.-owned NBCUniversal will invest $200 million into Vox Media, whose brands include SB Nation, Polygon, The Verge, Eater, Racked, Curbed, and Re/code. In 2014, The Verge published a scathing multi-part series on Comcast's woeful customer service. "Vox Media has a great portfolio of premium digital brands that deeply engage broad audiences," NBCUniversal CEO Steve Burke said in a statement. Comcast previously owned a 14 percent stake in Vox through its ventures arm. Even with the new investment, Comcast will still own a minority stake in Vox Media, an industry observer said.
August 10, 2015 |
Philadelphia has long wanted a direct flight to the Asia Pacific region. A survey of business travelers here in 2012 found the top desired international business destinations were Tokyo, Shanghai, Beijing and Mumbai, India. Philadelphia already has a lot of international service to Europe, Mexico, the Caribbean, and the Middle East. But attracting a nonstop flight to China, Japan, Hong Kong, or Korea has proven difficult. "We are the largest metropolitan area in the United States without direct nonstop service tothe Asia Pacific," Philadelphia International Airport CEO Mark Gale saidin a recent interview.
July 20, 2015
A photo caption Sunday erred in describing a program for ex-offenders. It was not a Pay for Success investment, but Philadelphia officials are studying whether such investments can fund a similar program here. In an article Sunday about black ballerinas, Misty Copeland's father was described as being white. He is biracial.
June 19, 2015
ISSUE | WORKFORCE Partnership worth investment re-up Pennsylvania is known nationally for connecting workforce training to the needs of key industries, creating workers with the capabilities needed for high productivity, healthy profits, and good wages. The state's Industry Partnership program has even helped shape a new federal workforce law that will be implemented shortly. Through the simple step of bringing businesses together to identify common personnel challenges and opportunities, more than 100,000 workers have been up-skilled since 2005.
June 19, 2015 |
National Institutes of Health director Francis Collins reminded biotech executives Wednesday in Philadelphia that the big money they hope to make from drugs, medical devices, and other health care technology often starts with the taxpayers. "NIH is the largest supporter of biomedical research in the world," Collins told a packed conference room at the BIO International 2015 at the Pennsylvania Convention Center. He then cautioned them about the political and economic realities of America.
June 8, 2015 |
Now that the May election is over, City Council members have stopped campaigning and gotten serious about filling the hole in the School District's budget, right? Actually, no, they haven't. Compared with the need, the paltry $70 million that Council would generate by tepidly hiking three taxes is a joke. Superintendent William R. Hite Jr. has made it very clear that the schools need at least $85 million just to maintain the terrible status quo, which means a continuation of crowded classrooms with too few counselors, librarians, and nurses.
June 3, 2015 |
Delaware Investments, a Center City money manager with $180 billion in assets under management and 486 employees here, has a new president. Shawn Lytle started Monday, taking over from Patrick Coyne, who has been with Delaware Investments since 1990 and led the firm since 2006. Coyne's retirement was announced in February. Lytle joins Delaware Investments from UBS Global Asset Management, where he worked for 13 years, including the last five as leader of the business in the Americas, Delaware Investments said.
May 20, 2015 |
PORTSMOUTH, N.H. - Gov. Christie called for bolstering the military and American intelligence efforts as he laid out a foreign policy agenda Monday in his third trip this month to the early presidential primary state of New Hampshire. Warning of threats posed by Iran, Russia, and "the sinister black flag of ISIS," the Republican governor sought to draw a contrast with President Obama, accusing the Democratic president of failing to articulate clear policies abroad and worsening relationships with allies.
May 18, 2015 |
Senior cohousing. Elder roommates, à la The Golden Girls. These are some options if you want to grow old in your own home. It's no secret that baby boomers are already swelling the ranks of older Americans. And by 2050, the number of people age 65 or older is projected to increase 120 percent, to more than 88 million, or nearly one in five. The number of Americans 85 or older will more than triple over the same period, to 19 million, according to "Housing an Aging Population," a report by the Center for Housing Policy, the research arm of the nonprofit National Housing Conference in Washington.
May 18, 2015 |
The company that Joseph F. Coradino leads took a lot of heat over the Gallery. Critics lashed out at the Pennsylvania Real Estate Investment Trust, which includes the Center City mall among the dozens it runs nationwide, for shutting stores and cutting merchants off from their livelihoods. Even the promise of a glittering new shopping mall in a tired section of Market Street East didn't seem to turn down the temperature. But the critics didn't understand the whole story, says Coradino, 63, chief executive of PREIT.