March 17, 2011
Cornerstone Financial Corp., of Mount Laurel, declared an 8 percent common stock dividend payable May 16 to shareholders of record as April 15. Cornerstone, which operates at Cornerstone Bank and has six locations in Burlington and Camden Counties, earned $2.2 million last year, up from a loss of $414,000 in 2009. The bank's assets on Dec. 31 were $354.18 million, up from $306.14 million the year before. Its shares were last traded over-the-counter for $6.15. - Harold Brubaker
August 12, 2011 |
PEOPLE IN Philadelphia had more than a million chances to have safer sex during the past four months - for free - thanks to the city's Department of Public Health. The Freedom Condom Campaign, which gives out free latex condoms in specially designed wrappers at more than 100 locations citywide, passed its 1 million mark this week. The campaign was launched April 7, after statistics showed that Philly youths between ages 11 and 19 have one of the highest sexually transmitted-disease rates among their peers in other big cities.
January 10, 2013
Fred L. Turner, 80, a former McDonald's executive who helped expand the fast-food chain's global footprint and spearheaded the creation of "Hamburger University," died Monday night after suffering complications from pneumonia, the company said. During his time as chief executive officer from 1974 to 1987, McDonald's more than tripled its number of locations and set up shop in dozens of new markets. The chain, based in Oak Brook, Ill., has about 34,000 locations worldwide. He spearheaded the creation of McDonald's Hamburger University in 1961, the company said.
July 5, 2011
Abandoning its original plan to locate at a largely-stalled retail development under construction in Malvern, outdoor gear and apparel retailer L.L Bean has announced it will instead open its first store in Southeastern Pennsylvania in September at King of Prussia Mall. The Maine-based company, whose sales model has largely centered on catalog and Internet sales, said the King of Prussia store is one of three to open later this year. It had planned to open in fall 2009 at Uptown Worthington, but that retail development's completion was stalled after bank financing dried up and litigation was launched.
June 13, 2012 |
It is no mere stroke of good fortune that three former Genuardi's supermarkets in the Philadelphia suburbs will reopen this weekend as Weis Markets. The stores — on Ridge Pike in Conshohocken, West Germantown Pike in East Norriton, and Old Dublin Pike in Doylestown — are part of a calculated strategy to expand a little-known name deeper into the Philadelphia region, where, despite the presence of many grocery options, new players can't seem to stay away. The Sunbury, Pa.-based Weis chain has been remaking itself for several years, rebranding all its holdings in its core central and north-central Pennsylvania markets: Mr. Z's stores in the Poconos and Scranton/Wilkes-Barre area have become Weis Markets, as have King's stores in the Lehigh Valley and Scot's Lo Cost stores.
July 31, 2007
THE VALIANT fight by those opposing casinos in Philly has failed in every court venue thus far. There is no reason to believe that will change. The city Planning Commission's decision to postpone the Foxwoods project is just that, a delay not a rejection. What needs changing is the strategy so that a more reasonable outcome has a chance. One approach would be to ask the casinos to meet voluntarily with interested parties to determine if more suitable locations are available.
December 4, 2002
Mummers Parade traditions are in danger I have enjoyed the Mummers Parade since the 1930s, when I could watch the parade on Broad Street and then go down to my uncle's house at Front and Wolf and see most of it again as the units competed for local prizes. Those were the days of real "Two Streeters. " While I haven't lived in the area for decades, I usually come "home" each year for the parade. When the parade came up Broad Street, we knew we could go to a location such as Methodist Hospital because all units would perform their routine there.
July 31, 1986 |
Most of our problems with trash in the city of Philadelphia, from lack of pickup on the streets to sky-rocketing disposal costs, can be traced to lack of a good, integrated, long-term plan for solid-waste management. Our inability to handle our trash efficiently will begin to cost us jobs, whereas a sound management plan not only will create new employment directly related to disposal, but also numerous spinoff positions. The basic plan should have three major elements: recycling, resource recovery (trash-to-steam plants)
January 10, 2013
Stray Boots' mobile-phone-based tours put a scavenger hunt twist on sightseeing, with challenges and clues that move the tour along at your pace. Two food-themed excursions, each $12 a person, look at "South Street & the Italian Market" and Center City, where stops include Reading Terminal Market and McGillin's Olde Ale House. More at strayboots.com . * Speaking of tours, City Food Tours will host its aphrodisiac-themed three-course dinner at 7 p.m. Feb. 14 at Day By Day Restaurant near Rittenhouse Square.
May 5, 2012 |
Crowdsourcing? Social media? Twitter blasts? Fuggedaboutit. Contrary to expectations, the winners of a contest to locate lifesaving portable medical devices in Philadelphia relied on old-fashioned shoe leather. That was just one surprising outcome of MyHeartMap Challenge, the University of Pennsylvania's project to map the locations of automated external defibrillators (AEDs) — backpack-size gizmos that can save cardiac arrest victims if used in time. Another surprise: The original estimate of 5,000 public-access defibrillators was way too high.