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BUSINESS
February 23, 2013 | By Mike Armstrong, Inquirer Columnist
Just because Sunoco Inc. is gone as an independent company doesn't mean that the screen has gone dark on how its gas-station and convenience-store business is doing. Energy Transfer Partners L.P. is the Dallas company that bought Sunoco for $4.9 billion last October. The energy pipeline and storage company broke out its lines of business in the latest earnings report. ETP's retail marketing division consists entirely of the 4,988 locations where Sunoco gasoline is sold.
NEWS
February 21, 2013
P AUL BENNETT, 42, and his wife, Lani Bevacqua, 42, of Southwest Center City, own Context Travel, on South Street near 22nd. Context, which started in 2003, had $3.8 million in revenue last year. It's a network of scholars in archaeology, art history and culture who design and lead in-depth walking seminars for small groups of curious travelers in 23 cities worldwide. Bevacqua oversees the website and advertising, and Bennett manages finances and staff. We spoke with Bennett. Q: How'd you come up with the idea for Context?
NEWS
February 17, 2013
The Telecom Industry and Monopoly Power in the New Gilded Age By Susan P. Crawford Yale University Press. 368 pp. $30 Reviewed by Joseph N. DiStefano In his 2010 book, The Master Switch , Tim Wu told the history of American communications - wire, broadcast, mobile - as a 150-year cycle of ingenious new tools, whose quick popularity is exploited by empire-building monopolists, until the government regulates (or stagnates)...
NEWS
February 15, 2013
M ARTIN HEILMAN, 61, of Abington, has been president of Wayne Mills, a Germantown fabric manufacturer, since 2006. The family-owned company, which has been around since 1910 , makes narrow woven fabric strips in a former textile mill. Heilman began working at the company in 1969 running a boxing machine for $1.50 an hour. Q: What exactly does the business do? A: We're currently weaving about 40 different yarns, with about 50 percent of the business cotton, 45 percent polyester and 5 percent nylon.
ENTERTAINMENT
February 6, 2013 | By Leanne Italie, Associated Press
NEW YORK - They frolic in empty boxes and stick their heads under faucet streams of water. They dance on tippy-toes and fly through the air with Pop-Tarts. They play piano wearing little frocks and get tickled to distraction to the delight of millions on YouTube. I speak, of course, of the cat stars of the Internet, a place filled with felines and their wacky uploading humans since the dawn of bandwidth. Now, after years of viral viewing, they're coming into their own in lucrative and altruistic ways.
BUSINESS
February 3, 2013 | By David Sell, Inquirer Staff Writer
Merck's fourth-quarter profit fell 7 percent as sales of its former best-selling drug Singulair were depressed by generic competition, and the company said Friday that it would delay seeking government approval of a much-anticipated osteoporosis drug. Full-year and fourth-quarter 2012 results were released Friday morning by Merck, which is based in Whitehouse Station, N.J., and has a large facility in West Point, Montgomery County. Shares fell 3.3 percent, to close at $41.83. Singulair, a once-a-day pill for chronic asthma, brought in $5.48 billion in 2011 and followed its quarterly average of about $1.3 billion through the first half of 2012.
BUSINESS
February 2, 2013 | By David Sell, Inquirer Staff Writer
Pascal Soriot started as chief executive officer of AstraZeneca on Oct. 1. He has already made top-level management changes and his early observations might foreshadow more shifting in how the British-based drugmaker operates. "We have become a little bit complicated," Soriot said during a conference call with reporters Thursday morning as the company released 2012 fourth-quarter and full-year financial results. Soriot ran a division of Roche before joining AstraZeneca, so he is used to a big company.
NEWS
February 1, 2013
D AN ROITMAN, 34, who lives in the Art Museum area, is the founder and chief executive of Stroll. The company has an Internet-based marketing platform that sells audio language-learning products. Stroll has 160 employees and is based at 16th Street and JFK Boulevard. It's one of the fastest-growing companies in the city. Q: How did you come up with the idea for Stroll? A: I started marketing professional-development products, and one subset was language learning. We focused on that, and the business took off in 2002.
NEWS
January 29, 2013 | By Jan Hefler, INQUIRER STAFF WRITER
The New Jersey comptroller is recommending strengthening the state's ethics laws after an investigation revealed that a longtime Burlington County official misused his position to reap hundreds of thousands of dollars from a nationally recognized farmland preservation program he helped create. Comptroller A. Matthew Boxer said Tuesday that a probe into Chesterfield Township's program revealed that Lawrence C. Durr, a former mayor and planning board member, profited by using "his political influence and insider knowledge to push a complicated development project through multiple governmental hurdles.
BUSINESS
January 25, 2013
Valley Forge-based pharmaceutical wholesaler AmerisourceBergen Corp. said Thursday that its net income increased four percent in its first quarter, which ended Dec. 31, compared to the same period in 2011. Net income rose from $162.1 million to $168.6 million in 2012. AmerisourceBergen also said quarterly revenue rose 5.7 percent from the same period in 2011. The company is one of the three biggest drug wholesalers in the nation and the biggest Pennsylvania company as measured by revenue.
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