November 9, 2014 |
Liberty Energy Trust L.L.C., founded by a Russian-born, Harvard-trained former Enron executive, had several strikes against it when it bid to buy the city-owned Philadelphia Gas Works. Liberty has no assets and no utility operating experience. Its offer to buy PGW was $160 million shy of UIL Holdings Corp.'s winning $1.86 billion bid. It finished out of the running. But Liberty had one winning quality that seems to have intrigued members of Philadelphia's City Council: political juice.
November 1, 2014 |
Michael "Killer Mike" Render and Jaime "El-P" Meline have spent so much time together that they finish each other's sentences. How close are they? "We're brothers," Meline says in a phone interview just as Render says they've rarely been separated since 2011. That's when El produced Killer Mike's R.A.P. Music . The two rappers then joined together as Run the Jewels for a 2013 eponymous debut album and tour. Now, they've just released Run the Jewels 2 and there's talk of Run the Jewels 3 sprinkled throughout the chat.
October 22, 2014 |
A $253 million bond offering planned for this week by the New Jersey Casino Reinvestment Development Authority includes $60 million that will be paid to Pitney Bowes Inc. for a settlement linked to a renovation of Atlantic City's Boardwalk Hall that started in 1998. New Jersey and Pitney Bowes, of Stamford, Conn., formed a partnership in 2000 to take advantage of federal historic building rehabilitation tax credits in connection with the project at the Boardwalk complex that hosts the Miss America pageant.
September 27, 2014 |
Abington Health is exploring a "unique" partnership with Center City's Jefferson Health System, Abington told employees in a letter Wednesday from chief executive Larry Merlis and chief of staff John J. Kelly. The Montgomery County health system said the talks were part of a broader effort to find a partner. "We are pleased to inform you that Abington Health is exploring options for aligning with another major health system through a strategic partnership that will ensure Abington will thrive in the future as we care for our patients in the rapidly evolving health-care environment," the letter said.
September 25, 2014 |
Beyond some rocks, to the side of a riffle, in the knee-deep water of Tacony Creek, community watershed specialist Alex Cooper leaned over, dug around in the bottom, and planted a freshwater mussel. It was an act of optimism. Freshwater mussels - which, unlike their saltwater brethren, are inedible - are a definitive sign of a healthy stream. But more than indicators, they're enablers, each filtering about 10 gallons of water a day. In 1919, when the zoologist Arnold Edward Ortmann surveyed Pennsylvania streams for mussels, many species were plentiful.
July 22, 2014 |
THE PHILADELPHIA School District is dealing with more personnel changes, including the departure of the director of strategic partnerships after just one year. Stacy Holland will leave the district Aug. 31 to become executive director of the Lenfest Foundation, according to an internal memo last Thursday, a copy of which was obtained by the Daily News . Holland was hired in September to head the new office. She had been the co-founder and CEO of the Philadelphia Youth Network.
July 9, 2014 |
A nine-story affordable housing project will break ground at 810 Arch St. in September, thanks to an innovative partnership among nonprofit developers and the city to improve the blighted block. Sister Mary Scullion's Project HOME and the Philadelphia Chinatown Development Corp. (PCDC) will build the $23.5 million apartment complex on an empty lot on the south side of Arch Street. Expected to be completed by late 2015, the complex will provide 94 efficiency apartments for lower-income rental tenants ranging in age from seniors to children aging out of foster care.
May 25, 2014 |
George E. Norcross III and Lewis Katz made many of their millions while being in charge. So when they began talking about buying The Inquirer's parent company in 2011, they had concerns about the kind of business marriage theirs might be. Norcross had already been turned down once in a bid to buy the company, he would later tell a Delaware judge, and he was willing to share control with Katz only if the deal allowed for an "amicable divorce....
May 23, 2014 |
UnitedHealth Group has declared its experiment with using Comcast's video-on-demand service to deliver a weight-loss program a success. But the Minnesota health insurer has no immediate plans to continue using cable TV to coax clients to adopt healthier habits that could lead to lower health-care costs. Instead, it is selling a Web-based version of the program to employers who want to prevent expensive chronic medical problems in overweight workers. Such efforts to make weight-loss programs easily available to more consumers are becoming more popular, experts say. The goal of the program, offered to Comcast viewers in Philadelphia and Knoxville, Tenn., was for participants at risk of developing diabetes to lose 5 percent to 7 percent of their body weight.
May 2, 2014 |
LOUISVILLE, Ky. - Terry and Debbie Finley, classmates at Truman High in Levittown, often went on dates to Garden State Park, Philadelphia Park and Liberty Bell. Terry went off to West Point, where he graduated in 1986. Eventually, he and his by-now wife got back to the horses. They owned a cheap claimer, but they always had bigger dreams. They started West Point Thoroughbreds, creating partnerships in horses that made ownership accessible for lesser investments, spreading the risk among multiple owners in the same horse.