December 24, 2013 |
When Paul Steinke, 49, became general manager of the Reading Terminal Market in 2001, a voice in his head cautioned him that he might be joining a dying institution. Hard to imagine why, considering that the market, especially crowded around big food holidays like Thanksgiving, Christmas, and Easter, attracts 115,000 visitors a week. One of America's oldest and largest public markets, it is also one of the city's top tourist attractions. Question: What worried you in 2001?
August 15, 2013 |
In a move that caught shareholders, creditors, analysts, and the airline industry by surprise, the U.S. Justice Department; six states, including Pennsylvania; and the District of Columbia sued Tuesday to block the merger of US Airways and American Airlines. No one saw it coming, two days before a federal bankruptcy judge in New York City was scheduled to approve American's reorganization plan. The news sent airline stocks tumbling. American's creditors, along with shareholders of both airlines and European Union regulators, had given a green light to the $11 billion deal.
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.
April 30, 2013 |
Auxilium Pharmaceuticals Inc., of Chesterbrook, reported disappointing first-quarter sales on Monday and said it is spending $585 million to buy a urology drug company. Auxilium said sales of its two approved drugs, Xiaflex and Testim, both decreased because of lower sales in the U.S. It said both drugs appear to be losing market share and reduced its sales expectations for both products. The company also said it bought Actient Holdings LLC from private equity firm GTCR for $585 million.
February 28, 2013
Q: Might a company that rakes in a lot of money still be a bad investment? - L.D., Worcester, Mass. A: It's possible. Remember that the money a company takes in (its revenue, or sales) is its top line. Before you get to its bottom line of profits, you have to take out expenses, such as salaries, supplies and taxes. It's critical to know how much (if anything) the company keeps as profit, and whether important numbers, such as sales and profits, are increasing. Arch Coal, for example, has had average annual revenue growth of more than 12 percent over the last five years, and growth has accelerated.
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.
January 3, 2013
Q: What's the definition of "market share?" - E.M., Victoria, Texas A: The useful online glossary at investorwords.com provides a good definition: "The percentage of the total sales of a given type of product or service that are attributable to a given company. " Consider smartphone- operating systems, for example. According to Kantar Worldpanel Com- Tech, in the United States, Apple's iOS recently held a 53 percent share of the market (up from 36 percent a year ago), versus 42 percent for Android, 3 percent for Windows and less than 2 percent for BlackBerry OS. Recent global data from IDC for "smart" connected devices (which include smartphones, PCs and tablets)
December 21, 2012 |
When it comes to winning races and winning awards, Chapter Seven has broken the bank. The 4-year-old male trotter, who won eight of 10 starts and equaled the world record of 1 minute, 50.1 seconds on a mile racetrack, was named horse of the year Thursday in Dan Patch Awards voting by the U.S. Harness Writers Association. Chapter Seven's 10 starts were the fewest for a horse of the year winner in harness racing history. On Tuesday, Chapter Seven was named trotter of the year, defeating stablemate Market Share by 39 votes for the honor.
December 21, 2012 |
When it comes to winning races and winning awards, Chapter Seven has broken the bank. The 4-year-old male trotter, who won eight of 10 starts and equaled the world record of 1:50.1 on a mile racetrack, was named Horse of the Year on Thursday in Dan Patch Awards voting by the U.S. Harness Writers Association. Chapter Seven's 10 starts were the fewest for a Horse of the Year winner in harness racing history. On Tuesday, Chapter Seven was named Trotter of the Year, defeating stablemate Market Share by 39 votes for the honor.
December 19, 2012 |
Chapter Seven and Market Share gave owner Richard Gutnick and trainer Linda Toscano a strong 1-2 punch on the racetrack. The stablemates knocked out the competition off the track as well. Chapter Seven on Tuesday was named trotter of the year by the U.S. Harness Writers Association, with Market Share finishing second in the organization's year-end Dan Patch Awards balloting. Chapter Seven, a 4-year-old who also was voted the sport's best older male trotter, received 89 of 146 votes to claim trotter of the year.