August 16, 2011
Hyperbaric chamber maker Environmental Tectonics Corp., of Southampton, said its Sterilization Systems Group has new business orders totaling $4.5 million. The company has annual revenues of about $60 million. New contracts include equipment for a university and a life-science client. The work will be performed over the next 15 months, the company said. Shares were up 32 cents, or 17.5 percent, to $2.15 in midday trading. - Reid Kanaley
July 6, 2000 |
An afternoon of historical craft demonstrations, working antique machinery, a Civil War encampment, and Pinelands music will be featured Sunday at Kirby's Mill in Medford. Called Country Day, the annual event is sponsored by the Medford Historical Society, operators of the mill, which has been on the National Register of Historic Places since 1972. Those who will be demonstrating their crafts include Sam Moyer, a broom maker, and Joyce Stewart, a decoy maker, both from Mount Laurel; Inger Bullock, a basket maker from Mount Holly; and Elizabeth Smith, a doll maker, and Charles Bakley, a barrel maker, both from Marlton.
December 22, 2011 |
Technology stocks fell Wednesday, dragged down by a weak earnings report from the business software maker Oracle Corp. Broad market indexes were flat. The Dow Jones industrial average eked out a gain of 4 points after having been down most of the day. The Dow was down 104 points at midday, led by technology stocks. The rare earnings miss by Oracle raised worries that weak government and business spending might hurt other big technology companies. International Business Machines Corp., the largest computer-services company, was by far the biggest loser in the Dow, falling 3.1 percent to $181.47.
December 19, 2011
Pepper-spray maker Mace Security International Inc., of Horsham, named John J. McCann as its new chief executive officer, effective early in January. McCann will replace interim CEO Michael Smith, the company said. McCann has been CEO since 2009 of Fitness Quest Inc., a privately held distributor of home exercise products. Smith, a Mace director, had been named to the job in August. He will also leave the company board in January, but will remain as a consultant to Mace for six months, chairman Richard A. Barone said in a prepared statement.
April 26, 2013
Kathryn Wasserman Davis, 106, a globe-trotting philanthropist who provided the start-up funds that her husband, Shelby Cullom Davis, used to become one of America's most successful investors, has died. She died Tuesday at her home in Hobe Sound, Fla., her family said. No cause was given. Ms. Davis' father, Joseph Wasserman, was the longtime chairman of the Artloom Corp. of Philadelphia, a maker of Wilton rugs. His fortune survived the market crash of 1929 because he was "part of a canny minority who kept their money in government bonds," John Rothchild wrote in his 2003 book, The Davis Dynasty: Fifty Years of Successful Investing on Wall Street.
November 14, 2000 |
Richard H. Knowles, 84, a retired regional sales manager for a ball-bearing maker and a model-train enthusiast, died Friday of cancer at his Southampton home. He worked for SKF Industries Inc., a maker and distributor of ball bearings, in Pittsburgh and Philadelphia for many years. He was Philadelphia sales manager when he took early retirement for health reasons. Mr. Knowles, a native of Philadelphia, graduated from Frankford High School in 1934 and from Pennsylvania State University in 1939.
May 4, 2012 |
It may sound good to be one of the day's hottest stocks on the New York Stock Exchange or Nasdaq. But if it's a Philadelphia company lately, usually it's because it's become a meal for a hungry shark. We've written plenty about Monday's announcement that Philadelphia's Sunoco Inc. will be acquired by Texas-based Energy Transfer Partners L.P. for $5.3 billion. Sunoco shares jumped 21 percent, or $8.38, to close at $49.29 that day, making it among Monday's biggest gainers on the NYSE.
September 7, 1994 |
The essence of good decision-making is always the same, whether done by a Wall Street trader, a CEO or the President of the United States. The process starts with a well-grounded sense of strategy and principles. Then, for each issue, all relevant considerations need to be aggressively sought out and weighed dispassionately. Finally, the decision-maker needs to make a choice that best serves the underlying purposes, then make a commitment to carry out that choice. By these standards, Bill Clinton is as good a decision-maker as anybody I've seen in my 28-year career, first on Wall Street and then here in the White House.
September 8, 2010 |
Harry P. Becky, 85, of Mickleton, a master tool and die maker and precision machinist who taught his trade at two area vocational schools, died of kidney failure on Thursday, Sept. 2, at his home. After studying engineering for three years at Drexel University in Philadelphia, Mr. Becky decided he would rather work at a machine shop. He became a certified master tool and die maker and precision machinist and started working at General Electric. He eventually ran other machine shops in the area.
July 8, 1993 |
Not all high school graduates head to college. Some enter the workforce, and in many cases flounder as they try to find a job in the long-ailing economy. That is why the Business Development and Training Center at the Great Valley Corporate Center, in Malvern, is conducting its "Bridging the Gap" summer internship for teachers and counselors. A dozen teachers and counselors from various middle schools are visiting local corporations, hospitals and service companies to learn what is required for the newcomers and then incorporating the knowledge into their curricula.