CollectionsInvestment
IN THE NEWS

Investment

FEATURED ARTICLES
BUSINESS
October 27, 2012 | By Mike Armstrong, Inquirer Staff Writer
The Nutter administration is expected to announce Friday two initiatives, including a seed-capital fund aimed at supporting the city's growing entrepreneurial community. Through the Philadelphia Industrial Development Corp., the city intends to invest up to $3 million in a new "Startup PHL Seed Fund," which would be managed by an outside professional investment firm. That money would need to be matched by private investors at least dollar for dollar, according to a request for proposals that the city intends to issue.
NEWS
December 19, 1992
To paraphrase Groucho, "Say the secret word and win . . . millions and millions of dollars. Double, triple, quadruple your money - even more. That not-so-secret word, in the transition to Clintonomics, is investment. Which is a sanitized way for Democrats to talk about (shhh!) spending, often by government or by private concerns with incentives from government. Put out some money now, reap big dividends later. At the two-day economic conference this week, various special pleaders told the president-elect what they believe the country should spend - ahem, invest in. Infrastructure, job creation, education, training, high-speed rail.
NEWS
February 11, 1990 | By Al Haas, Inquirer Automotive Writer
The average new-car buyer spends $15,395 on his or her purchase. That's a real investment. Most people only make one bigger one: when they buy a home. Obviously, most people will want that new-car investment to retain as much value as possible. They will want it to be as long-lived, trouble-free and pleasurable as possible. As economically as possible. Here are some recommmendations on how to protect that costly investment - and how not to waste your money in the process. CHECK RE-SALE VALUE.
NEWS
June 21, 1995 | By Connie Langland, INQUIRER STAFF WRITER
The ins and outs of money management preoccupied the Chester County Commissioners at their meeting yesterday. Commissioners Joseph Kenna and Andrew Dinniman agreed the county should act quickly next week to invest the proceeds of a $22.5 million loan from the Delaware Valley Regional Finance Authority. Over time, the funds will be used to finance several major projects in the county, including open-space programs, a public-safety communications system and property reassessment, according to Mark Rupsis, director of administrative services.
NEWS
September 27, 2010
TetraLogic Pharmaceuticals, a privately held Malvern company that develops small-molecule drugs to treat cancer, announced today that it has received an investment of $5 million from Pfizer Ventures. The money brings to $37 million that investors have raised to finance the company since August. The fund will be used for the clinical development a drug that mimics naturally occurring proteins that help promote cell death.    - Christopher K. Hepp
NEWS
October 13, 2010
Discovery Laboratories Inc., Warrington, said today that it will get a $500,000 investment from PharmaBio Development Inc. as Discovery continues development of treatments for respiratory diseases. PharmaBio already owned 5.6 million Discovery shares. It agreed to purchase about 2.4 million additional shares of common stock and warrants for about 1.2 million shares, Discovery said. If it exercises the warrants, PharmaBio would own about 4 percent of outstanding shares. PharmaBio is the former strategic investing subsidiary of clinical research organization Quintiles Transnational Corp.
NEWS
February 11, 1988 | By Dominic Sama, Inquirer Staff Writer
The Radnor Township commissioners have asked for more information on a state-backed investment trust before investing township funds. The commissioners Monday night tabled a resolution that would have authorized the finance director to invest in the Pennsylvania Local Government Investment Trust (PLGIT), whose rates are sometimes higher than those of a commercial bank. Despite assurances from Commissioner George M. Aman 3d that the trust "is safer than banks," Commissioner Clinton A. Stuntebeck moved that the resolution be tabled for further discussion.
NEWS
March 9, 1995 | By Andy Wallace, INQUIRER STAFF WRITER
Ralph Allen Sturdivant Sr., 47, of Cedarbrook, , founder and co-owner of a prominent North Philadelphia investment firm, died Friday while scuba diving on vacation with his wife in the Grand Cayman Islands. Mr. Sturdivant was born in Pilesgrove, N.J., and educated in Baltimore public schools. He received a bachelor's degree in chemistry from Morgan State University. He also studied at the University of Pennsylvania's Wharton School. After two years in the Army, where he attained the rank of first lieutenant, Mr. Sturdivant worked for U.S. Steel and then for Merrill Lynch, where he was an account executive.
NEWS
November 11, 2002
Westward ho! That could be the latest rallying cry for housing in Philadelphia thanks to Citizens Bank's new program in and around University City. The news couldn't be more welcome. Not only will the effort build upon the University of Pennsylvania's success in redeveloping that area, it could encourage other lenders to invest in neighborhoods with the potential to go from high-risk to highly desirable. Citizens will make available $28.5 million in grants and low-interest loans for small businesses, and for residents and community groups to buy properties and do renovations.
BUSINESS
September 12, 2012 | By Harold Brubaker, INQUIRER STAFF WRITER
Superior Group Inc., of West Conshohocken, sold two companies, Superior Tube Co. Inc. in Collegeville and Fine Tubes Ltd. in England, to the Watermill Group, a private investment company in Lexington, Mass., the buyer said. The price was not disclosed. The manufacturers' products are used in the energy, aerospace, and medical device industries. Fine Tubes employs around 380 people, according to its website. Watermill did not immediately respond to a request for more details on the Collegeville operation.
1 | 2 | 3 | 4 | 5 | Next »
ARTICLES BY DATE
NEWS
December 7, 2014 | By Erin E. Arvedlund, Inquirer Columnist
Rubbing shoulders with superstar athletes can be thrilling for mere mortals like myself. (I ran junior-varsity cross-country as a high school senior. Not kidding.) But can professional athletes teach us management skills? Keep your expectations within reason. Increasingly, Philadelphia financial firms are corralling sports executives, professional athletes, and coaches to speak, with the idea that "behind-the-scrimmage line" backstories will uncover secrets to success. Maybe, maybe not. But it's an experience for which Philadelphians are paying big bucks.
NEWS
November 30, 2014 | By Erin E. Arvedlund, Inquirer Columnist
There are savvy shoppers. Then there are holiday crazies - expert, rabid consumers who combine coupons, compare online vs. in-store bargains via smartphone, and put us all to shame. Edgar Dworsky, proprietor of nonprofit consumer advocate ConsumerWorld.org, is among the latter. Here's what he does before buying anything, most especially during this season of shopping insanity, along with tips from some other parties: Chart price history. Start by visiting sites like Shopping.com, Shop.pricespider.com, Pricegrabber.com, and TheFind.com, as well as Google Shopping, Amazon.com, and eBay.
NEWS
November 23, 2014 | By Erin E. Arvedlund, Inquirer Columnist
Two childhood memories always stay with me. For several years, my mom asked that we "adopt" families - whom we never met - and supply a full-Monty Christmas, including wrapped gifts, clothes, toys, and a holiday meal. And in the weeks leading up to the holidays, my dad would read Charles Dickens' A Christmas Carol to my sister and me. Sometimes, he fell asleep. I remember these as the greatest gifts they ever gave us. With hard-core, ugly-sweater-shopping season approaching in advance of Hanukkah, Christmas, and Kwanzaa, how do we avoid the urge to buy more stuff no one needs?
NEWS
November 22, 2014 | By Kathy Boccella, Inquirer Staff Writer
After buying the Waldorf-Astoria, the General Motors Building, and billions of dollars of U.S. Treasury bonds, the Chinese may be looking to invest in something completely different - a broke and struggling school system. The head of the Chester Upland School District announced Wednesday that he would travel to China to work out a deal in which an elite school would pour up to a billion dollars into the Delaware County district, which is in state receivership, and the communities it serves.
NEWS
November 21, 2014 | By Maddie Hanna, Inquirer Trenton Bureau
An ally of Gov. Christie announced his resignation Wednesday as chairman of the State Investment Council. Robert E. Grady, a private-equity firm director who served in President George H.W. Bush's administration, said during the council's meeting Wednesday that he needed time to deal with an illness in his family, officials said. The council oversees the state's pension funds, which have about $80 billion invested. Grady also said during the meeting that he had stayed longer than he intended, wanting to oversee a leadership change in the investment division of the state Treasury Department, officials said.
ENTERTAINMENT
November 16, 2014 | By Erin E. Arvedlund, Inquirer Columnist
Negotiating with your adult children about whether they stay on the family cellphone plan? Yes, that requires an awkward conversation - even for those who work as financial counselors. "My husband and I have a cellphone account with Verizon," says Becky House, who works with a partner organization of the National Foundation for Credit Counseling, a network of nonprofit community-based credit-counseling agencies. Since 2007, the family has had a plan that includes phones for two parents and four children.
BUSINESS
November 11, 2014 | By Joseph N. DiStefano, Inquirer Staff Writer
"That little junk dealer from Jenkintown has built a multi-billion-dollar entity in New York," Bucks County-based broker and investment adviser Austin Dutton said of real estate mogul Nicholas Schorsch . "From Old York Road to Park Avenue. " Schorsch, whose family made its fortune in the scrap-metal business, is chairman of American Realty Capital Corp. , landlord to some of the biggest U.S. companies. He also is the head of investment bank and brokerage RCS Capital Corp.
NEWS
November 9, 2014 | By Bonnie L. Cook, Inquirer Staff Writer
Clifford Carmalt Collings Jr., 97, of Bryn Mawr, a Navy veteran of World War II who became a municipal investment counselor, died Sunday, Nov. 2, of a heart ailment at Bryn Mawr Hospital. Mr. Collings worked at CC Collings & Co., the Philadelphia investment firm founded in 1924 by his father, Clifford C. Collings Sr. The younger Mr. Collings later became president and chairman and stayed with the company for more than 50 years. The firm was sold to Legg Mason in 1985; Mr. Collings stayed on for a while to assist.
ENTERTAINMENT
November 9, 2014 | By Erin E. Arvedlund, Inquirer Columnist
You have an idea for a business, or an invention, or a brand? How do you get started, and where? Right in our own backyard, it turns out. Put aside any snobbishness about selling online and on TV because you just might reach 110 million viewers. Home-shopping giant QVC, based in West Chester, has a fairly new start-up-seeding program called QVC Sprouts. If you want immediate crowd-sourced feedback, this could be the way to go for you. Just ask QVC millionaire Tara McConnell.
NEWS
November 8, 2014 | BY JOHN F. MORRISON, Daily News Staff Writer morrisj@phillynews.com, 215-854-5573
NOT MANY people can say part of their life story wound up in a chocolate bar. But Frank Carey had an imaginative daughter. When he reached the age of 85, his daughter Frances, wrote a blurb about him and inserted it in Hershey chocolate bars. You opened the wrapper and there was a photograph of a smiling Frank Carey with some little known facts about him, like the time he grew a beard and nobody noticed, that his favorite foods were salmon and asparagus and cake with orange icing, and his favorite movie was "Gone With the Wind.
1 | 2 | 3 | 4 | 5 | Next »
|
|
|
|
|