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.
April 26, 2013
AT THE JUST concluded Lightfair International 2013 trade show at the Pennsylvania Convention Center, the operative word was "BRIGHT. " One lighting manufacturer (Visionaire) even handed out sunglasses for those staring at its manmade solar storms. "We're in a lumens [brightness level] race," several exhibitors explained. All to prove that their new-generation fixtures - most fired up by a mess of small, energy-efficient LEDs (light emitting diodes) - put out a glow that beats older products using incandescent, halogen or flourescent bulbs.
April 8, 2013
Robert Zildjian, 89, who broke away from his family's business dynasty and founded his own cymbal-making empire in 1981, died March 28 at his home in Brunswick, Maine, his family said. A legal settlement prevented him from trading on the Zildjian name long synonymous with cymbals, so he called his Canadian-based company Sabian, based on the names of his children, Sally, Bill, and Andy. He was an heir to a family business that began in Constantinople in 1623 when an ancestor stumbled upon a mix of metals and a process that resulted in cymbals with an unrivaled musical tone.
April 5, 2013 |
No one denies that something went horribly wrong on the firing range. It was the Fourth of July, 2010, at Forward Operating Base Kunduz in Afghanistan. Army Pvt. Sean McMahon was testing a new M2 machine gun. When .50-caliber weapon jammed in automatic mode, McMahon removed the ammo and tried again. Still, it did not fire. His commanding officer asked McMahon to try single shot mode. As McMahon squeezed the trigger, the M2 exploded in his hands. The blast sent a shell casing ripping through his calf.
April 3, 2013 |
Fede Alvarez is wired. He's had too much coffee for sure. But mostly, the Uruguayan filmmaker is riding the buzz surrounding his debut feature, a stunning, in-your-face remake of Sam Raimi's beloved 1981 cult picture, the gory, joyfully hyperbolic demonic possession yarn Evil Dead , that has horror fans in a tizzy. Early reviews of the film are overwhelmingly positive and everyone wants to know Alvarez' story. A TV commercial director and special-effects whiz based in his hometown, Montevideo, Alvarez, 35, wasn't even a blip on the Hollywood radar until four years ago, when he posted a five-minute sci-fi film on YouTube called Panic Attack!
March 29, 2013 |
A former mechanic for J&J Snack Foods Corp., maker of SuperPretzel, Icee, and Luigi's Real Italian Ice, has sued the Pennsauken food manufacturer, saying J&J cheated him out of his pay and then retaliated against him for complaining. Robert McMaster, 55, of Brookhaven, Delaware County, says in his federal suit, filed last week in Camden, that J&J routinely docked his pay for lunch even when he worked through his break. The suit also alleges that J&J required him to clock out before he completed his final duty of the day, reporting any mechanical problems or issues to the person taking over his duties on the next shift.
March 16, 2013 |
This week's new DVD releases take you to worlds of fantasy, filmmaking, and furry heroes. Cirque du Soleil: Worlds Away, Grade B : A young woman is pulled into a magical world of acrobats and artists. The film uses a rather standard boy-meets-girl plot to take the audience on a fanciful journey to a land of acrobats and artists who look at gravity as more of a suggestion than a law. Cirque du Soleil: Worlds Away should be appreciated like an abstract painting. It's beautiful to look at, but it isn't fully appreciated until you add in your own ideas about what all of the images are trying to say. There are positive and negatives of bringing the stage performance to DVD. It opens up the stage show to an audience who may have never had the opportunity, or the finances, to see one of the live shows.
March 10, 2013 |
Gardner Denver Inc., an industrial equipment maker with a small headquarters office in Wayne, agreed to be purchased by private-equity firm KKR & Co. for about $3.7 billion after KKR raised an earlier offer. KKR, run by Henry Kravis and George Roberts, will pay $76 a share for Gardner Denver, the companies said Friday in a statement. That's a 39 percent premium to the price on Oct. 24, the day before the company announced it was exploring a sale. KKR last month offered $75 a share, Bloomberg News reported Feb. 21. "The long-term future of Gardner Denver is bright," Pete Stavros, head of KKR's industrials team, said in the statement.
March 7, 2013 |
Generic drugs have dramatically changed the pharmaceutical and health-care landscape in the last 25 years and now account for about 80 percent of prescriptions in the United States, with lower prices for consumers and insurers. But a U.S. Supreme Court case scheduled for argument March 25 pits drug companies, generic and branded, against government officials who argue that prices for consumers would be even lower if those companies did not strike deals to restrain trade. Drugstore chains and health insurers back the government's side.
February 11, 2013 |
Grégoire Poux-Guillaume is president of Alstom Grid, one of the world's leading providers of systems that manage complex electrical networks. He was on a flight to Philadelphia last Sunday when the Super Bowl was under way, so he has an alibi during the blackout. "We don't have any direct involvement in that," he said, laughing. The Super Bowl outage was caused by faulty switchgear in the electrical lines serving the Superdome, but it amounted to a free half-hour commercial on the important role played by the power grid.