April 29, 1986 |
Acme Markets, the Philadelphia-based food store chain, remained at the top of the supermarket heap for the second year in a row, according to a survey by Food Trade News, a publication that follows the industry. The survey, which covered 45 counties in Pennsylvania, New Jersey and Delaware, ranked the top 20 supermarkets, which controlled 77.2 percent of the market and had estimated retail food sales in 1985 of $11.3 billion. Acme Markets' 214 stores had sales of $2.682 billion, for a regional market share of 23.66 percent, according to the magazine, which is published in Ardmore.
May 24, 2011
As part of a push to hire 1,000 small-business bankers across the nation, Bank of America said today that it had hired 11 lenders in Southeastern Pennsylvania and six in South Jersey, based at branches in Camden, Burlington, Ocean, and Atlantic Counties. Last June, Bank of America had 102 branches with $7.7 billion in deposits, for a 6 percent market share, in the eight-county Philadelphia area. -Harold Brubaker
August 18, 1987 |
On the surface, the idea sounds crazy. Is this what the world really needs? An antacid in the form of an aerosol whip? Consider the comic possibilities. How about a helping of strawberry shortcake covered with whipped antacid? Maybe an Irish coffee topped with a dollop of whipped antacid? Eat and drink all you want, and never worry about indigestion. Despite the jokes, Rorer Group Inc. has decided to proceed with national distribution of Maalox Whip, a new formulation of its familiar Maalox antacid.
February 27, 2011 |
In the 29 months since the financial meltdown of September 2008, the Federal Housing Administration has been insuring an ever-larger share of the nation's new mortgages. Recent figures place the number at one in three. The FHA's share of the mortgage market "waxed, waned, and waxed again" with the nation's economic health between 2000 and 2009, according to a recent study by the Federal Reserve Bank of Philadelphia. In 2000, for example, the FHA's market share stood at 10.53 percent.
August 29, 1989 |
Conrail yesterday named the veteran manager of its rail-car fleet to the new job of vice president of customer service, a move the railroad said emphasized its need to be more competitive with the door-to-door service of trucking companies. The new post was filled by Ralph von dem Hagen, who has been assistant vice president for car management since 1984. In that job, he managed the rail-car fleet, matching customer orders with available equipment. Chairman James A. Hagen said that although Conrail provided good service, it could be better.
January 17, 2013 |
The University of Pennsylvania Health System's tentative deal to acquire Chester County Hospital in West Chester may be a move to block competitors from gaining control of a lucrative patient market, health-care experts say. "I suspect that part of the reason was they didn't want it to fall into somebody else's hands," said Mark V. Pauly, a health-care economist at the University of Pennsylvania. Pauly said he had no inside information. The two organizations said Friday that they had signed a nonbinding letter of intent, allowing Penn to delve more deeply into Chester County Hospital's weakened financial condition and work more broadly with the hospital community on a merger agreement.
August 9, 2013 |
Radian Group Inc., a Center City mortgage insurer, said Wednesday that July was its biggest month ever, a sign of strength in the housing market and a shift in the industry that has benefited private mortgage insurers. The company insured $5.3 billion worth of home mortgages in July, 58 percent more than July 2013 and five times more than the low in 2010 of $959 million. "We're really excited about reaching a point in July where we had our highest writing month of new insurance in the history of the company," said Teresa Bryce Bazemore, president of Radian Guaranty Inc., Radian's mortgage-insurance arm. "We've been through - as has pretty much any company that's in the housing market - a very difficult period of time, lots of losses," Bazemore said.
January 27, 1998 |
bowl fallout Bronco victory augurs bad news for bulls If history is any guide, the Denver Broncos' 31-24 Super Bowl victory over the Green Bay Packers means chances are good that U.S. stocks will end the year lower. In the 31 years the Super Bowl has been played, stocks usually rose for the year when the winner was a team that was in the National Football League before its 1970 merger with the American Football League. With an AFL winner like Denver, major market indexes usually fall.
April 22, 1987 |
Acme Markets remains the dominant supermarket chain in the region, according to the seventh annual market study by Food Trade News, a trade publication that follows the supermarket industry. Acme, with 204 stores in the region, posted nearly 25 percent of the $11.67 billion in total retail food sales for the 45-county area, the survey found. Acme is dominant in the city as well as the 45-county region encompassing Eastern Pennsylvania and 11 counties in New Jersey. It also leads the Food Trade News rankings for the eight-county Philadelphia metropolitan area.
October 1, 2010
Cherry Hill-based Subaru of America Inc. today said its September sales of 21,432 vehicles represents a 47 percent increase over September 2009. The results reflect a near doubling of sales of the Subaru Outback sport utility wagon. Year-to-date sales of 193,614 units, compared to 158,421 units sold by this time in 2009, represents a 22-percent gain, the company said. Subaru has about 2 percent of the U.S. market share. Subaru of America is a wholly owned subsidiary of Fuji Heavy Industries Ltd. of Japan.