November 18, 2012 |
DETROIT - Sunday marks the anniversary of General Motors' initial public stock offering in November 2010 and, two years after its return to the market, the wounded symbol of American industrial might is thriving again. But there are signs of trouble. Since the IPO, here are GM's achievements, struggles and question marks. Achievements Big profits. GM is making money - nearly $4 billion so far this year. Most of that came from the United States, where the company's cars and trucks are selling for almost 6 percent more than they did in January 2011.
November 4, 2012
IN THE REGION VWR buys U.K. lab supplier VWR International L.L.C. , of Radnor, acquired Lab3 Ltd. , a scientific laboratory supplies distributor in Bristol, United Kingdom. Terms of the acquisition were not disclosed. It's the third acquisition for VWR in 2012, with previous purchases of a lab-supplies distributor in the Czech Republic and a German distributor of clean-room products. The privately held VWR had 2011 net sales of $4.1 billion. - Mike Armstrong Layoffs by Acme parent Acme Markets owner Supervalu Inc. said it would lay off 700 people at its Shaw's and Star Market supermarkets across New England by Nov. 3 in a cost-cutting move coinciding with ongoing efforts to find a buyer for the debt-addled corporation.
September 19, 2012
By Michael Busler Vice President Biden has proudly proclaimed that "Bin Laden is dead and General Motors is alive. " That may be true for now, but GM's life remains in plenty of danger. GM was on the verge of bankruptcy in 2009. President Obama noted that if GM went out of business, hundreds of thousands of jobs would be lost. GM employs about 200,000 people. And since companies that supply parts to GM would also either close or dramatically reduce production, the ripple effect would cause another few hundred thousand jobs to be lost.
August 16, 2012
Hambletonian winner Market Share and world-record holder Chapter Seven, both co-owned by Blue Bell's Richard Gutnick, headline Sunday's stakes-filled harness racing card at Harrah's Philadelphia Casino and Racetrack in Chester. The fifth annual "Super Stakes Sunday" features $2.7 million in total purses. Market Share faces seven rivals in the $500,000 Colonial for 3-year-old trotters and Chapter Seven meets seven foes in the $150,000 Maxie Lee Invitational for older trotters. Both horses are trained by Linda Toscano and will be driven by Tim Tetrick.
August 16, 2012 |
Hambletonian winner Market Share and world-record-holder Chapter Seven, both co-owned by Blue Bell's Richard Gutnick, headline Sunday's stakes-filled harness racing card at Harrah's Philadelphia Casino and Racetrack in Chester. The fifth annual "Super Stakes Sunday" features $2.7 million in total purses. Market Share faces seven rivals in the $500,000 Colonial for 3-year-old trotters and Chapter Seven meets seven foes in the $150,000 Maxie Lee Invitational for older trotters. Both horses are trained by Linda Toscano and will be driven by leading driver Tim Tetrick.
August 5, 2012 |
EAST RUTHERFORD, N.J. - Blue Bell resident Richard Gutnick cornered the market on Saturday at the Meadowlands Racetrack, owning both $1.5 million Hambletonian winner Market Share and world record-tying Chapter Seven, who scored in the Nat Ray. Gutnick, trainer Linda Toscano, and driver Tim Tetrick all won their first Hambletonians after Market Share finished the race in 1 minute, 52.1 seconds in the 87th edition of harness racing's most prestigious event....
July 16, 2012 |
For a Penn Stater who took a knee on the Old Main steps more than a decade ago to propose marriage, and who has convinced his three children — Penn State "purebreds" — that the school is the greatest on Earth, the release of the Freeh report on the Sandusky sex-abuse scandal was fraught with anticipation. As university president Rodney Erickson and the Board of Trustees digest the report, they would do well to consider one of the great responses to crisis in modern history: Johnson & Johnson's 1982 recall of Tylenol.
April 8, 2012 |
Independence Blue Cross, the biggest health insurer in the Philadelphia region, added 45,020 members last year, the first growth since 2008 for the Center City nonprofit, which serves nearly 3.1 million people. IBC has yet to release comprehensive financial results for 2011, but president and chief executive Daniel J. Hilferty said the company continued its recovery from losses in 2008 and 2009 and expected to report an improvement over 2010, when it had a profit margin of 2.2 percent.
March 18, 2012 |
Talk about comebacks, remarkable recoveries, and rising from the ashes. Less than two years ago, Chrysler and General Motors were filing for bankruptcy, and heavily indebted Ford wasn't that much less moribund. Today, the near-death experiences, the layoffs, the plant closings, the diminishing market share, the pools of red ink the size of the Red Sea, are all fading memories. While it's premature to suggest that the Big Three will all live happily ever after, it sure looks that way at the moment.
October 13, 2011 |
ATLANTIC CITY, N.J. - As the mother of a famous college basketball player, Liza Cartmell traveled the country going to ever-bigger games as the NCAA championship drew near. In those towns, when a Sweet 16, an Elite 8 or a Final Four game was being played, "It felt like every night was New Year's Eve," said Cartmell, whose son, Brian Zoubek, was a member of Duke's 2010 championship team. "We need to create that atmosphere here," said Cartmell, who will try to do just that in her new role as Atlantic City's booster-in-chief.