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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.
NEWS
November 1, 2012 | By Monica Yant Kinney, Inquirer Columnist
Rashivar Karnati didn't know. He shared an apartment in San Jose, Calif., with Raghunandan Yandamuri in 2011, but could recall only one time his roommate visited a casino in Reno. Chendu Tummala had met Yandamuri years earlier in undergraduate school in India. Long after both men moved to the United States, they still hewed to Indian traditions and would never have discussed Yandamuri's gambling problem. "Asking financial information is not a good thing," Tummala told me. "We didn't even know he had filed for bankruptcy.
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.
FOOD
December 5, 2014 | By Michael Klein, For The Inquirer
New Bridgeport dining spot Something new and dramatic in sleepy little Bridgeport, across the Schuylkill from Norristown: Taphouse 23 (266 E. Fourth St., Bridgeport, 610-277-2323 ), which two weeks ago replaced a series of corner bars, most recently the Point. It's the pet project of local businessman Gary Johnson of Tube Methods, who after buying the joint realized that it needed more than a coat of paint. A top-to-bottom redo yielded dining areas off the two-sided bar as well as the roomy second floor, clad in wood with glass.
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
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.
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
June 16, 2012 | By Bonnie L. Cook and INQUIRER STAFF WRITER
Upper Merion Township supervisors have voted unanimously to approve a $13 million settlement of legal wrangling over the former Valley Forge Golf Course, the last undeveloped tract in King of Prussia. The deal, approved Thursday night, calls for the township to pay $1 million to the former property owner, the Hankin Family Partnership. The Hankin family went to court almost three decades ago, insisting it had the right to sell to a developer. The township refused to rezone the agriculturally zoned tract for higher-density development.
NEWS
April 4, 2013
Nationwide Financial Services Inc., whose mutual-fund unit is based in King of Prussia, said it had agreed to buy 17 equity and bond mutual funds from HighMark Capital Management Inc. The price was not disclosed. The funds had $3.6 billion in assets at the end of last year and are expected to bring Nationwide Funds' total to about $51 billion, Nationwide said. Highmark, a unit of Union Bank, of San Francisco, will continue managing nine of the funds, which will be recast as Nationwide funds.
NEWS
June 5, 2008
I THOROUGHLY enjoy Solomon Jones' Saturday columns. They are refreshing, real and a great reminder about situations that fit into everyday lives, help bring stressful moments into perspective, and are great to relax with over a cup of coffee. Drew M. Brochet Sr. King of Prussia
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