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Market Share

BUSINESS
June 25, 2009 | By Becky Batcha DAILY NEWS STAFF WRITER
The bloodbath in Detroit hasn't trickled over to Subaru of America Inc., with headquarters in Cherry Hill, which posted a slight increase in car sales for 2008 and gained its highest market share ever. Sales for 2009 are down only 2 percent, according to its latest year-to-date figures. Partly, that is a lucky function of being a small, niche automaker without a Big Three industrial base to sustain after car sales dropped off a cliff. Partly, it is a virtue of having seen the handwriting on the wall before the cliff dive.
BUSINESS
May 28, 2009 | By Harold Brubaker INQUIRER STAFF WRITER
Investors have poured $500 million into a new mortgage-insurance company, Essent Guaranty Inc., that is based in Radnor and headed by a local financial executive, the company announced today. Essent, backed by Wall Street investment firms and reinsurance companies, is being launched at a time of turmoil and uncertainty in the mortgage-insurance industry, which is reeling from billions in losses and dogged by doubts about its future. Essent's president and chief executive officer, Mark A. Casale, a former top executive with Philadelphia mortgage-insurance competitor Radian Group Inc., cast those doubts aside in an interview.
NEWS
March 5, 2009 | By James Quinn
General Motors was founded in 1908 in Flint, Mich., and grew to be the largest corporation in the world. In 1953, at the peak of GM's dominance, company president Charles Wilson declared before Congress that what was good for the country was good for GM, and vice versa. The story of General Motors is the story of America. Its rise to power and decline toward insolvency parallel the rise and fall of the great American republic. For the past few decades, hubris, lack of courage, foolish decisions made, and crucial decisions deferred have been hallmarks of both.
BUSINESS
December 24, 2008 | By Miriam Hill INQUIRER STAFF WRITER
Quick - name the pharmaceutical company that makes more pills than any other U.S. firm, has the ear of President-elect Barack Obama, and yesterday completed a $9 billion acquisition. A hint: It employs 1,600 people in Pennsylvania, and its name probably brings to mind sandals, not drugs. Answer: Teva Pharmaceutical Industries Ltd., whose North American headquarters are in North Wales. That the Israeli company is not a household name like Pfizer Inc. or Merck & Co. Inc. speaks to its primary business, generic drugs.
BUSINESS
June 20, 2008 | By Maria Panaritis INQUIRER STAFF WRITER
Anyone with a competitive bone knows that there are times when being No. 1 is a blessing of achievement, and times when it is a burden to defend. For Acme Markets these days - top dog in the race for the $10 billion that Philadelphia-area shoppers spend in supermarkets each year - front-runner status has become a bit of a watch-your-back game. The massive supermarket chain, whose year-after-year dominance has made it as much a regional fixture as soft pretzels on a Philadelphia hot dog cart, lost market share in the last year as the competition picked up ground, according to an annual survey by Food Trade News.
BUSINESS
June 20, 2008 | By Maria Panaritis, Inquirer Staff Writer
Anyone with a competitive bone knows that there are times when being No. 1 is a blessing of achievement, and times when it is a burden to defend.   For Acme Markets these days - top dog in the race for the $10 billion that Philadelphia-area shoppers spend in supermarkets each year - front-runner status has become a bit of a watch-your-back game.   The massive supermarket chain, whose year-after-year dominance has made it as much a regional fixture as soft pretzels on a Philadelphia hot dog cart, lost market share in the last year as the competition picked up ground, according to an annual survey by Food Trade News.
BUSINESS
June 1, 2008 | By Joseph N. DiStefano INQUIRER STAFF WRITER
After selling their police powers, their wireless networks, and their underground Market Street trading floor to the Nasdaq Stock Market, leaders of the Philadelphia Stock Exchange met for the last time last week at Old City Tavern, where the nation's first stock exchange organized in 1790. "It's a bittersweet night," said former chairman John Egan Jr., who once compared the job of leading the traders to "running the Gladiators' Union in Imperial Rome. " What's remarkable isn't just that the Philadelphia survived as long as it did, an incubator of financial enterprise in the shadow of the larger New York Stock Exchange and the Chicago options markets.
BUSINESS
March 25, 2008 | By Joseph N. DiStefano INQUIRER STAFF WRITER
Zipcar Inc., which bought its way into Philadelphia with its purchase of Flexcar Inc., is making a new push against local nonprofit PhillyCarShare for the city's government, business and residential Web-based car-share market. "My goal is to become the Whole Foods Market of the car-sharing category," said Scott Griffith, chief executive officer of Zipcar, of Cambridge, Mass., citing the organic-foods chain that has been competing successfully with neighborhood granola co-ops and regional chains.
BUSINESS
February 21, 2008 | By Stacey Burling, Inquirer Staff Writer
Shares of NutriSystem Inc. fell yesterday after leaders of the Horsham-based diet-food company told stock analysts that penny-pinching potential customers were putting off their diets because of financial worries. As a result, revenue will be lower than analysts hoped. Shares closed yesterday at $16.58, down more than 30 percent. The stock had closed Tuesday at $23.89 a share. The company released quarterly and year-end earnings after markets closed Tuesday. The value of NutriSystem's shares increased rapidly after new investors bought the company in 2002.
BUSINESS
October 24, 2007 | By Jane M. Von Bergen INQUIRER STAFF WRITER
State regulators won't decide on whether Independence Blue Cross and Highmark Inc. can merge before next summer - at the earliest, the state's acting insurance commissioner said yesterday. "The department's goal is to make the review process as transparent as possible," Joel Ario said in prepared remarks at a hearing before the state Senate's Banking and Insurance Committee. Ario laid out a timetable for the merger yesterday during the first of two progress hearings organized by the Senate committee.
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