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BUSINESS
January 12, 2016
It's been a harsh winter for investors in master limited partnerships (MLPs), which invest in energy pipelines and oil and gas exploration. Oil prices dropping by half has routed the sector. And one of the most popular MLPs, Kinder Morgan, is an example of what may happen with other MLPs this year. In December, Kinder Morgan Inc. (KMI) said it would slash its quarterly dividend to $0.125 per share ($0.50 per share annually), vs. its previous payout of $0.51 per share ($2.04 annually)
BUSINESS
February 11, 2006 | By Todd Mason INQUIRER STAFF WRITER
Investors who sued the federal government in 1993 for breaking its promises in its seizure of Meritor Savings Bank won a judgment yesterday of $371.7 million, but it could be several more years before they see the money. U.S. Claims Court Judge Loren A. Smith wrote that Meritor investors have strong arguments to receive an additional $402 million, but said he would leave that question to an appeal of his award. Justice Department spokesman Charles Miller said the government was still reviewing the decision, and hasn't decided how to respond.
NEWS
August 5, 2011 | By Andrew Maykuth, INQUIRER STAFF WRITER
Many financial advisors have the same advice for nervous investors unhinged by the stock market's wild mood swings in recent days: Take a deep breath. Come in off the ledge. Don't panic. "The worst thing somebody can do is to sell into a panic," said Alexander F. Cabot, an analyst for the Wiley Group, a Conshohocken wealth advisory firm. Thursday's 500-point Dow plunge, followed by Friday's whipsaw ride between positive and negative territory, might induce the risk-averse to head for the exits.
NEWS
January 27, 1989 | By David Johnston, Inquirer Staff Writer
After months of uncertainty about the future of the money-losing Claridge Hotel & Casino, it appeared yesterday that buyers with sufficiently deep pockets and a willingness to risk what's in them will buy the gambling hall. Al Luciani, who as a state assistant attorney general drafted the New Jersey Casino Control Act, said he and four investors have an exclusive agreement, good for the next two weeks, to negotiate for the purchase of the Claridge. Luciani said he is confident a definitive agreement can be negotiated "in a few days.
NEWS
June 24, 2008 | By Troy Graham INQUIRER STAFF WRITER
A Haddon Heights man pleaded guilty in federal court in Camden yesterday to scamming millions from investors who believed his company had a government defense contract to ship military equipment overseas. Instead, prosecutors said, Glyn Richards was operating a classic Ponzi scheme, in which investors were promised quick returns on their money. Richards told people who invested in his Audubon company, All Freight Logistics, that they would receive a 44 percent return within a few months, according to court records.
REAL_ESTATE
January 17, 1988 | By Charles V. Zehren, Inquirer Staff Writer
Real estate investors are increasingly ignoring Groucho Marx's dictum that it's not worth joining any club that would have you as a member. In fact, interest in real estate investing clubs is on the rise, leaders of area groups said last week. The clubs have been around for years, hitting peak popularity in the early to mid-1980s, when disciples of such real estate gurus as Albert Lowry and Robert Allen regularly gathered to worship before the no-money-down altar. But the flock has dwindled over the last two years, as the prophets fell from financial grace amid much bad press, said Richard R. Hamilton, president of the Indiana Real Estate Club and director of properties for Mark O. Haroldsen Inc. of Salt Lake City, which advises clubs all over the country.
NEWS
December 20, 2012
WHEN INVESTING, it's smart to seek out companies with competitive advantages. But you can develop your own competitive advantage over other investors by reading. Here are two highly regarded classics for your own bookshelf or for holiday-gift-giving consideration: *  One Up on Wall Street by Peter Lynch (Simon & Schuster, $16). Arguably the most engaging investment book ever written. If you've never read it, stop everything and pick up a copy. It could change your life. Advocating buying great companies for the long term, Lynch believes that "any normal person using the customary 3 percent of the brain can pick stocks just as well, if not better than the average Wall Street analyst.
NEWS
October 17, 1989 | By Janet L. Fix and Glenn Burkins, Inquirer Staff Writers Inquirer staff writer Barbara Demick contributed to this article
Whether wary of making the wrong move or weary of market uncertainty, small investors seemed to sit tight yesterday and wait out what some had feared would be the Black Monday of 1989. It was a shrewd move. History did not repeat itself. Rather than dropping 508 points as it had on Oct. 19, 1987, the Dow Jones industrial average, after taking an early-morning plunge, rose 88.12 points by the time the bell ended trading in the stock market. Retail brokers had feared that a nasty nose dive yesterday and memories of the market's erratic behavior in the year after the 1987 crash would destroy any chance they had of wooing small investors back to the market.
NEWS
December 4, 2000
Today, fewer than half of the 60 million employees with long-term investment accounts have held them 10 or more years. Over the next decade, another 30 million will reach that level. Seen in that light, the 2000 election was a mere breaker to a looming tidal wave of investor sentiment.. . . Compared to participants in work-based plans, portfolio owners with individual stocks develop a capitalist ideology rapidly. [The Zogby poll] found that this cohort, after one to five years, is already 43 percent Republican (vs. 34 percent Democrat)
NEWS
February 11, 1999 | By S. Joseph Hagenmayer, INQUIRER SUBURBAN STAFF
Morton Mitosky, 91, a Philadelphia lawyer known for his ability to pick financially successful Broadway shows for himself and other investors, died Friday at Cabrini Hospital Hospice in Manhattan of complications from a 1997 stroke. He had lived in Ventnor, N.J., for nearly 30 years and also had a residence in Manhattan. As a lawyer, he maintained offices in Philadelphia and New York for many years. Mr. Mitosky remained active in theater investments, as well as several Hollywood projects, until his stroke.
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ARTICLES BY DATE
BUSINESS
January 12, 2016
It's been a harsh winter for investors in master limited partnerships (MLPs), which invest in energy pipelines and oil and gas exploration. Oil prices dropping by half has routed the sector. And one of the most popular MLPs, Kinder Morgan, is an example of what may happen with other MLPs this year. In December, Kinder Morgan Inc. (KMI) said it would slash its quarterly dividend to $0.125 per share ($0.50 per share annually), vs. its previous payout of $0.51 per share ($2.04 annually)
NEWS
December 31, 2015 | By Jacob Adelman, STAFF WRITER
A New York Life Insurance Co. real estate unit has purchased the 299,634-square-foot Home Depot Plaza in Clifton Heights, the company said in a release on Tuesday. The Delaware County shopping center purchased by New York Life Real Estate Investors is located at Baltimore Pike and Bishop Avenue. Seller and purchase price were not disclosed. jadelman@phillynews.com 215-854-2615 @jacobadelman  
BUSINESS
December 28, 2015
The harvest is coming early this year at DuPont Co. Crop research staff are losing their jobs at DuPont's Pioneer seed labs in Newark, Del., and Johnston, Iowa, in advance of DuPont's planned merger with Dow Chemical Co . At DuPont headquarters near Wilmington, senior managers are retiring early. CEO Ed Breen has combined science, technology and business units, canceled IT and lab projects, and elevated chosen lieutenants to take on combined responsibilities. Engineers are bracing for "Decision Days" later this winter, when they accept retirement offers or take their chances that they can find an open post if their job ends.
NEWS
December 26, 2015 | From Staff and Wire Reports
Philadelphia's iconic Pep Boys - Manny, Moe & Jack automotive-parts chain has agreed to a $947 million takeover offer from Bridgestone Corp., shunning a competing bid from billionaire investor Carl Icahn, who had promised a higher price. Pep Boys said Thursday evening in a statement that its board no longer considered Icahn's most recent offer - which included a vow to beat any bid up to $1.01 billion - a superior proposal. The agreement shows that Pep Boys is willing to accept a lower price to complete the tie-up with Japan-based Bridgestone, which runs the 2,000-garage Firestone chain from offices in Tennessee.
NEWS
November 21, 2015 | By Marley Jay, ASSOCIATED PRESS
NEW YORK - The stock market closed out its best week of the year Friday, as big gains by retailers and technology companies pushed major indexes upward. Stocks faded as Friday wore on, but still finished higher. The S&P 500 index climbed almost 3.3 percent this week. By just a hair, that was its biggest weekly gain in 2015. Stocks climbed Monday and Wednesday as the U.S. market did not seem to be affected by a string of unsettling international events, including last week's terrorist attack in Paris.
BUSINESS
November 21, 2015 | By Jonathan Takiff, Inquirer Staff Writer
Drexel University already ranks among the top 50 universities worldwide when it comes to patent awards developed by faculty members, said Keith Orris, university senior vice president of corporate relations and economic development. And with Thursday's announcement of Drexel's new funding partnership with Ben Franklin Technology Partners and a mentoring relationship with Wayne-based Safeguard Scientifics, university inventors and entrepreneurs will have 10 million new reasons to keep the research fires burning, the brainstorms exploding.
NEWS
November 5, 2015 | By Jacob Adelman, Inquirer Staff Writer
Philadelphia office buildings are drawing some of the strongest interest in decades from out-of-town investors, lured by rising demand for Center City space and a dearth of good real estate buys in more established markets. Of the office-floor space that has changed hands this year, a bigger portion has gone to out-of-town entities than at any time since 2007, according to an Inquirer analysis based on data compiled by Colliers International, a commercial real estate services firm.
BUSINESS
October 25, 2015 | By Chris Mondics, Inquirer Staff Writer
A New Jersey Superior Court judge ordered suspended lawyer Michael Kwasnik and two others to pay $14 million in restitution for running a Ponzi scheme that defrauded scores of elderly investors in New Jersey and Pennsylvania between 2008 and 2010. Authorities said Kwasnik ran the scheme through an investment company named Liberty State Benefits of Pennsylvania, based for a time in Philadelphia and Cherry Hill. He was assisted in the fraud by Joseph Schifano and Daniel Francis McCorry, authorities said.
BUSINESS
October 9, 2015 | By Alan J. Heavens, Inquirer Real Estate Writer
Nationwide, the percentage of cash sales for homes has fallen steadily since January 2013, yet the Philadelphia region's share of such transactions appears to be climbing, a report by real estate data provider CoreLogic says. In the eight-county Philadelphia region in June, the most recent month for which it has data, CoreLogic says, cash sales represented 55.1 percent of all home purchases - 13.1 percentage points higher than the same month in 2014 and well above the nation's 31.3 percent.
BUSINESS
September 11, 2015 | By Linda Loyd, Inquirer Staff Writer
A day after United Airlines' CEO stepped down amid a federal investigation into the airline's dealings with the Port Authority of New York and New Jersey, analysts and investors welcomed the management shakeup. Investment firms, including Cowen and Co., Barclays, and Deutsche Bank, issued positive reports Wednesday on the long-term effects of Oscar Munoz, president of CSX Corp., replacing Jeffrey Smisek, who resigned as CEO on Tuesday along with two other senior executives due to the ongoing federal investigation of former Port Authority Chairman David Samson.
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