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Investment

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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.
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NEWS
August 14, 2015 | By Bob Fernandez, Inquirer Staff Writer
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.
BUSINESS
August 10, 2015 | By Linda Loyd, Inquirer Staff Writer
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.
NEWS
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.
NEWS
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.
BUSINESS
June 19, 2015 | By David Sell, Inquirer Staff Writer
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.
NEWS
June 8, 2015 | Inquirer Editorial Board
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.
BUSINESS
June 3, 2015 | By Harold Brubaker, Inquirer Staff Writer
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.
NEWS
May 20, 2015 | By Maddie Hanna, Inquirer Trenton Bureau
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.
NEWS
May 18, 2015 | By Erin E. Arvedlund, Inquirer Columnist
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.
BUSINESS
May 18, 2015 | By Jane M. Von Bergen, Inquirer Staff Writer
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.
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