February 25, 2014 |
Farmers call them "flying rats" or "deer with wings. " They gather by the tens of thousands every year about this time to graze on sprouting winter wheat, rye, alfalfa, and barley. They're voracious, persistent, and dirty, leaving behind a trail of droppings. Canada geese. "You see a couple, then 10, 50, 100, 300," said farmer Ray Hlubik, 61, of Chesterfield, Burlington County. Soon, like a scene from Alfred Hitchcock's The Birds, "they cover a whole field. "They decimated my alfalfa last year," Hlubik said.
February 18, 2014 |
You might not want to hear it, but it's a good time to take profits by selling some big gainers in your portfolios - since that's how you make money. Last year's fabulous stock market return is prompting such money managers as Mark Fried to sell some stock positions and wait for a pullback, then redeploy the cash into some favorite names. "In the last month or so, we have increased our cash position to 20 percent from 10 percent in conservative portfolios," the Newtown portfolio manager and president of TFG Wealth Management says in an interview.
February 7, 2014 |
Aramark Holdings Corp. spent $5.2 million refining its brand and logo, and awarded $4.3 million to executives for the completion of the Philadelphia company's initial public offering in December. Those are two concrete tidbits from Aramark's quarterly earnings, released Wednesday, its first since the food- and uniform-services company listed its stock publicly for the third time. In early trading Wednesday, Aramark's shares shot as high as $29.71 from $24.99 the day before, but they settled down to close at $26.10, up $1.11 or 4.44 percent.
February 6, 2014 |
It's tough to make money at another airline's international-flight hub, but JetBlue Airways is doing just that on the popular Philadelphia-Boston route. JetBlue, Boston's largest airline with 125 daily flights, has succeeded where three other carriers did not: making a profit and winning over travelers with cheaper fares and in-flight amenities on a 300-mile trip on which US Airways long had a lock. US Airways, with a hub in Philadelphia, has 19 nonstop flights on peak weekdays from Philadelphia to Boston.
January 30, 2014 |
Shares of American Airlines Group soared almost 6 percent Tuesday, as the recently merged US Airways-American reported fourth-quarter results that beat estimates. The combined carrier, whose merger closed Dec. 9, said that passenger demand was strong and that "a number of network initiatives" would be introduced in coming months worth more than $400 million in annual earnings improvement. The airline will begin the initiatives as soon as the technology is ready, American president Scott Kirby said during a fourth-quarter-earnings conference call.
January 11, 2014 |
On Amber Street in East Kensington, developers PostGreen and Equinox Management & Construction are preparing to break ground on a new apartment building with a very unusual feature: a unit reserved for short-term rental via Airbnb.com, the largely unregulated online marketplace that helps people turn their homes into hotels. Even more unusual: The developers declared that intention when they applied for the building permit, making theirs perhaps the first strictly by-the-book Airbnb unit in Philadelphia.
November 2, 2013 |
Despite an 18.4 percent drop in quarterly profit, AstraZeneca CEO Pascal Soriot said Thursday in response to a question from The Inquirer that there are no plans for more layoffs at the company's facilities in Delaware. AstraZeneca is based in London and has facilities in Wilmington and Newark. In March, the company cut 2,300 jobs from its worldwide workforce, including 1,200 from its Delaware facility. Some of the positions in Wilmington were moved to AstraZeneca's facility in Gaithersburg, Md. Reports at the time suggested AstraZeneca considered closing its Wilmington facility.
October 25, 2013 |
US Airways Group reported Wednesday a lower third-quarter profit than a year ago, as expenses related to its proposed merger with American Airlines and other items offset the benefits of rising passenger traffic and higher airfares. Philadelphia's dominant carrier, which is fighting a Justice Department lawsuit challenging the planned merger with American's parent, AMR Corp., said net income fell to $216 million, $1.04 a share, in the latest quarter, from $245 million, $1.24 a share, a year earlier.