January 10, 2016 |
Insurance giant Nationwide Financial will close its mutual fund office in King of Prussia by next January and transfer the 100 positions to the company's headquarters in Columbus, Ohio, a Nationwide spokesman said Friday. Nationwide's King of Prussia employees were told Thursday that they would be given the opportunity to transfer to Columbus, the spokeman said. Nationwide said its mutual fund operation has $60 billion under management. The company established a local presence in 1999, when it teamed with fund executive Paul J. Hondros to start Villanova Capital Management.
January 9, 2016
NORRISTOWN Montgomery County is projecting $9.2 million in economic impact from the Democratic National Convention in July, including more than 11,000 room-nights reserved in county hotels. Lisa Karl, vice president of sales for the Valley Forge Tourism and Convention Board, said the Democratic organizing committee initially requested 5,000 to 6,000 room nights "as an overflow to the city of Philadelphia. ... We contracted twice that amount. " Fourteen states, the District of Columbia, and three island delegations selected hotels in Lansdale, King of Prussia, Conshohocken and Collegeville.
December 10, 2015 |
A central Pennsylvania energy company that aspires to become the "Amazon of energy" is expanding its presence in the Philadelphia area with the acquisition of a King of Prussia oil transporter. Shipley Energy, of York, a jack-of-all-trades fuel dealer that markets a broad range of energy products in 13 states, announced that it had acquired Gleba Inc., a bulk-petroleum trucking company that primarily delivers ethanol to fuel terminals for blending into finished gasoline. The price was not disclosed.
December 5, 2015 |
The planned rail extension to King of Prussia should create more than $1 billion in local economic activity, spawn more than 5,400 construction-related jobs, and decrease travel time for thousands of commuters, according to a report released Thursday by the Economy League of Greater Philadelphia. The report, which studied the economic benefits of the $1.2 billion project, said SEPTA's expansion of the Norristown High-Speed Line should spur growth in the entire region. "Transit investment has a variety of various spillover effects and generates benefits in many different ways," said Nick Frontino, managing director of strategy and operations for the Economy League.
October 9, 2015 |
With the grand opening Tuesday of the Brandywine Valley Specialty Care and Ambulatory Surgery Center in Glen Mills, the Children's Hospital of Philadelphia has completed a trifecta of suburban outpatient centers this year. CHOP spent more than $100 million on the three specialty care and outpatient surgery facilities, including those that opened in King of Prussia during the summer and in Plainsboro, N.J., last winter. The most expensive by far was the 135,000-square-foot facility in King of Prussia, which had a total cost of $65 million.
October 2, 2015 |
THE ALWAYS spirited and forever young Betsey Johnson will be at Lord & Taylor in the King of Prussia Mall (160 N. Gulph Road, KOP) this Saturday to promote her first-ever line of kids' clothing, Betsey Johnson Kidswear. Fashion fanatics can meet Johnson from 2 to 3 p.m., with celebrity blogger and TV personality Micah Jesse . "I do personal appearances throughout the year with Micah. We go all over the country, and I love that personal connection with my fans. It is very important to me," Johnson said.
September 16, 2015 |
Shank for chef knife According to Williams-Sonoma public relations, "lifestyle expert" and ex-con Martha Stewart will be at the King of Prussia Mall on Thursday to promote her new cookbook. The media mogul will be signing copies of Martha Stewart's Appetizers at the KOP Williams-Sonoma store from 1 to 3 p.m. Tickets to the event can be purchased online. Marky Mark joins the Papal lineup STOP THE PRESSES. Dirk Diggler, I mean Mark Wahlberg , will host the Festival of Families at the World Meeting of Families at the end of next week.
July 1, 2015 |
The final steel beam for the shell of a massive new corridor housing dozens of new stores and restaurants and connecting the Plaza and the Court at King of Prussia Mall will be erected Tuesday. The 170,000-square-foot retail extension is part of an expansion that began a year ago to add 50 retailers, including nearly two dozen luxury brands, more restaurants, and a dining pavilion. The two-year project is set for completion in the fall of 2016. The enlarged mall, already the second-largest in the country, will cover almost three million square feet, with 450 stores and restaurants.
June 18, 2015 |
Steven wanted to replicate the best parts of his childhood in Ukraine - weekend jaunts to the circus and the zoo, summer vacations in a town on the Black Sea. Alina wanted to fill the missing link from her own upbringing in Russia: the absent father, who vanished from her life after her parents' divorce. In 2011, when the two met through a mutual friend, Steven was a divorced father of two. Alina was drawn to his magnetism and dauntless ambition - he's considered the best-networked person on LinkedIn, with 60,000 direct connections - but even more by his persistence as he struggled through custody disputes with his ex-wife.
May 14, 2015 |
Ruth H. Loudon, 97, of Norristown, a banker so successful that she was coaxed out of retirement at age 74 to help build a local business, died Thursday, May 7, at home. Mrs. Loudon had put in a normal five-hour day Thursday at Systems Solution Inc. in King of Prussia, where she began work in 1992 after a long career in banking. She was found reclining in her favorite chair. Her death was due to heart failure. Mrs. Loudon's assignment at Systems Solution was to apply her years of experience, old-school work ethic, and patience to the task of expanding the business from just four workers to a company with 70 employees operating in a multitude of states.