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NEWS
July 11, 1993 | By Reid Kanaley, INQUIRER STAFF WRITER Inquirer correspondent James Cordrey contributed to this article
Down below, the malls loom out of the summer haze. Columns of hot air rise from the roads and parking lots a thousand feet below to jolt Tim Kunda's clattering airplane like speed bumps. Kunda looks down at the sprawling 330-store complex, home to the Court at King of Prussia and its soon-to-expand sister mall, the Plaza. Grinning, he takes his hands off the controls and turns his palms upward in a gesture of incredulity and pride. "It's huge. It's incredible how big it is," shouts Kunda, 34, chairman of the local planning commission.
BUSINESS
January 18, 2014 | By Maria Panaritis, Inquirer Staff Writer
In a move that monetizes the real estate value of one of its prime locations, embattled Sears Holdings Corp. announced Thursday it would carve up and share its King of Prussia mall anchor with retailer Dick's Sporting Goods. Terms of its sublease were not disclosed, nor was a time frame for when Dick's would move in. But Sears said it would continue operating its department store on the first floor of the two-story, 215,000-square-foot anchor at the East Coast's largest shopping mall, and that Dick's would occupy parts of the second level.
BUSINESS
December 7, 2012 | By Maria Panaritis, Inquirer Columnist
The towering black wall has been impossible to miss. Rising from shiny, white floor tiles at the East Coast's largest shopping mall, it has projected a cloak of mystery all the more stark for being a short walk from Louis Vuitton, Hermes, and Neiman Marcus - stores forbidding for their prices, if not their facades. For months, the black monolith has broadcast nothing to shoppers at the Plaza at King of Prussia. Not even the benign nugget of history that behind it once hummed a now-defunct John Wanamaker department store.
NEWS
April 19, 2014 | By Jessica Parks, Inquirer Staff Writer
NORRISTOWN Montgomery County prosecutors will be allowed to present written and video-recorded confessions in the trial of a man accused of killing a grandmother and a baby in King of Prussia. Raghunandan Yandamuri, 28, is accused of killing 61-year-old Satyavathi Venna and 10-month-old Saanvi Venna in a botched ransom attempt in October 2012. County Court Judge Steven T. O'Neill rejected Yandamuri's claims that the confessions were coerced after 17 hours of questioning. It came down to the word of a county detective against the word of Yandamuri, O'Neill said, adding: "I find Detective Bradbury's testimony to be completely credible.
NEWS
August 12, 2014 | By Gideon Bradshaw, Inquirer Staff Writer
HARRISBURG - While battles rage in New Jersey and other states over whether to allow Tesla Motors to sell cars within their borders, Pennsylvania has quickly and quietly approved an expansion of the automaker's entry into the market. Gov. Corbett signed the legislation amid the budget frenzy last month, exempting electric-vehicle makers from a Pennsylvania law that bars car manufacturers from selling directly to consumers. The law lets Tesla open five stores statewide. The company opened a King of Prussia showroom last year and plans to open a second in Devon, a spokesman said.
BUSINESS
August 3, 2014 | By Harold Brubaker, Inquirer Staff Writer
Citing "institutional incompetence" at Nationwide Financial's mutual-funds business, based in King of Prussia, a Delaware judge ordered the company to pay a Michigan investment manager $10.3 million for breaching a contract. The lawsuit in Superior Court related to the 2007 management buyout of Nationwide's 65 percent stake in NorthPointe Holdings L.L.C., of Troy, which managed assets for some of Nationwide's retail mutual funds. As part of the $25 million buyout, NorthPointe managers negotiated provisions to protect their business with Nationwide Funds Group, which accounted for 22 percent of NorthPointe's $3.5 billion in assets under management, for three years.
NEWS
February 21, 2014 | By Allison Steele and Jeremy Roebuck, Inquirer Staff Writers
When the ironworkers saw a wall of union pickets blocking entry to a King of Prussia construction site early one morning in June 2010, it seemed like the latest speed bump in a project that had already suffered several acts of vandalism. But then, as the five ironworkers waited in a nearby parking lot, the scene turned into something out of a gangster movie. A dark car pulled up and three men jumped out, wielding baseball bats they used to shatter the back windows of the workers' trucks.
NEWS
January 17, 1991 | By Tal Wongse-Sanit, Special to The Inquirer
In a move to allow shoppers and commuters to let someone else fight the traffic for them, Capitol Trailways of Harrisburg and the Greater Valley Forge Transportation Management Association of King of Prussia have teamed up to provide additional service between King of Prussia and Reading. The new service, which began Jan. 7, provides five additional buses daily each way. The four previously existing bus runs between King of Prussia and Reading do not include stops at industrial parks or the Plaza Mall in King of Prussia; the new service adds both.
BUSINESS
December 23, 2012
4-week bills , Dec. 26; 3-month and 6-month bills , Dec. 24; 1-year bills , Jan. 8; 2-year notes , Jan. 28; 3-year notes , Jan. 8; 5-year notes , Dec. 29; 7-year notes , Dec. 19; 10-year notes , Jan. 9; 30-year notes , Jan. 10; 5-year TIPS , Dec. 20; 10-year TIPS, Jan. 24 ; 30-year TIPS , Feb. 21. Business Referral Luncheon , presented by BNI, King of Prussia chapter. Peppers Italian Restaurant, 236 Town Center Rd., King of Prussia;610-792-2105. Reservations required. 11:30 a.m.-1 p.m. recurring Networking Meeting , presented by BNI, Fort Washington chapter.
NEWS
February 2, 2014 | By Carolyn Davis, Inquirer Staff Writer
With the victims' family members sitting nearby, the man accused of killing a baby and her grandmother in 2012 received a scolding from a judge Friday for interrupting his attorney and trying to control the proceedings. "You are not, at this stage, your own lawyer," Judge Steven T. O'Neill said to Raghunandan Yandamuri. The father of the baby - the son of the grandmother - sat quietly between two relatives during the proceeding. O'Neill's comments came near the end of a hearing in which prosecutors and defense attorneys argued a defense motion to have Yandamuri's confession and other evidence barred from his trial.
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