April 25, 2013 |
Shares of Delta Air Lines and US Airways Group were higher Tuesday after both carriers reported profitable first quarters that beat analysts' estimates. Delta said it was the best first quarter in more than a decade, with earnings, excluding special items, at $85 million, or 10 cents a share. Analysts had estimated six cents. US Airways reported a profit of $55 million, or 31 cents a share, excluding special items. That beat analysts' average estimate of 28 cents and compared to a first-quarter 2012 net loss, excluding one-time charges, of $22 million, or 13 cents per share.
March 28, 2013 |
It's Thursday, and your restaurant has 150 people in the book for Saturday night. The meat guy pulls up out back as the produce and beer trucks drive away. Kitchen and waitstaffs are scheduled. Then Friday morning, the weather calls for a storm. It doesn't matter if they're saying "possibly affecting the Poconos," the cancellations pour in. Such is the life of a restaurateur. But not the lot of a caterer, who operates with fewer variables. Head counts: firm. Menu: fixed.
March 22, 2013
SERIAL entrepreneur Josh Kopelman knows a thing or two about disruption. Kopelman, 41, of Gladwyne, is managing director of First Round Capital, a seed-stage venture-capital fund he formed in 2004. The Wharton grad made a name for himself before that. In 1999, he founded half.com, an online marketplace for used books, music and videos. It was sold to eBay in 2000 for $350 million. Half.com was Kopelman's "secret," something that everybody thought was crazy, but he believed would fundamentally redefine an industry.
March 8, 2013 |
IT'S NO SECRET that the city's new property-tax system will have a huge impact on tax bills next year. But what will happen beyond 2014? Breaking down the city's plan going forward reveals that tax bills in gentrifying areas may continue to rise over time and that the new system, the Actual Value Initiative, could become a source of new revenue despite the city's claim that it is revenue-neutral. The goal of AVI is to rid Philly of its grossly inaccurate and outdated property-tax rolls.
March 8, 2013 |
CITY COUNCIL President Darrell Clarke will introduce a package of bills Thursday aimed at getting publicly owned, vacant and tax-delinquent properties back into the city's tax coffers. Clarke hopes the measures will help ease the tax burden by generating additional dollars so Council can keep the tax rate low as the city moves to a new property-tax system based on market values, the Actual Value Initiative. There are 40,000 vacant properties in the city, a quarter of them city-owned.
March 6, 2013 |
Shares of Delta Air Lines rose 5 percent after the carrier said Monday that it expected a second-quarter profit of $75 million to $100 million at its oil refinery in Trainer. Delta also said the current quarter would be the airline's first profitable March quarter since 2000. "Running an oil refinery, much like running an airline, is not for the faint of heart," Delta president Edward Bastian told a JPMorgan conference. He said operational issues kept the refinery at 75 percent capacity in January and February.
March 6, 2013 |
After practice, Eagles defensive tackle Ronnie Cameron often sits hunched over in his locker with his laptop. Often, one or two of his teammates will ask him what he is doing. Many use their time after workouts to hang out with their families or play video games. Cameron, 6-foot-2, 295 pounds, started a website. Cameron was acquired as a free agent by the Eagles in December and joined the practice squad. He was originally signed in April as an undrafted free agent by the Chicago Bears.
February 28, 2013
Net income rose 53 percent in the fourth quarter for Globus Medical Inc., an Audubon maker of spinal implants, while sales increased by 14 percent. Globus, which went public in August, earned $20.8 million, or 22 cents per share, on sales of $100.5 million for the three months ended Dec. 31. For the fourth quarter of 2011, the medical device company reported net income of $13.6 million, or 15 cents per share, on sales of $88.0 million. The company announced its results after the stock market had closed Wednesday.
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.
February 27, 2013
CDI Corp., the Philadelphia-based staffing company, reported Tuesday that 2012 revenues grew 4.3 percent to $1.105 billion, up from $1.06 billion in 2011. Net income was $19.1 million, up from $14.8 million, or 97 cents per diluted share, up from 77 cents. Revenues in each CDI specialties improved with staffing increases in oil, gas, chemicals, aerospace, industrial and high tech placements in engineering and other kinds of job contracts. Management Recruiters International, a franchised division of head-hunting agencies, saw increases in staffing revenues, but decreases in royalties and franchise fees.