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.
January 31, 2013 |
WHAT IS a compound bow? The item used to kill Kereti Paulsen in South Jersey is a sophisticated hunting weapon with a lever system of cables and pulleys. Invented in 1966 by Missouri hunter Holless Wilbur Allen, the bow is designed to give archers greater velocity over the more traditional recurve bow and longbow, making it ideal for deer-hunting. It is legal with a license in most states, including Pennsylvania and New Jersey, according to Wasp Archery, a Harrisburg arrow-maker.
July 27, 2011 |
In December, the new corporate headquarters of Gardner Denver Inc. in Tredyffrin Township "felt like an Internet start-up," said chief financial officer Michael M. Larsen . Besides Larsen, only CEO Barry L. Pennypacker and an assistant were rattling around the office after the maker of industrial compressors and pumps had relocated from Quincy, Ill. Today, Gardner Denver has 23 employees in the home office of a very global...
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.
October 28, 1990 |
The only thing that Natasha Fokin had chewed during her one-hour lunch break was 45 minutes, hardly enough to satisfy her appetite. "So I thought I'd run out for a quick sandwich," she said. For Fokin and other people working in the Prudential Business Campus in Horsham, a quick sandwich was not a problem until Friday, when the Sandwich Express shut its doors for good. That restaurant, and three others in the 12-store chain owned by Zwelton Foods Inc., closed its doors to customers Friday, victims of a sluggish economy that has sent office park vacancy rates in Horsham and Fort Washington skyrocketing past the 30 percent mark by some estimates.
August 1, 1999 |
It's August, and the wood turners are back. Or, more accurately, they will be back Saturday when a twin-bill attraction unfolds - a conference and an artists' reception for the premiere of the newest traveling exhibition of turning at Ursinus College's Berman Museum, Collegeville. Both events are free to the public. For starters, the fifth annual Wood Turning Center symposium "allTURNatives: Form & Spirit," exploring different approaches to materials, personal creativity and form, takes place from 2 to 5 p.m. Featured will be a panel discussion by an impressive lineup of this year's International Turning Exchange residents from France, Australia and this country.