October 28, 2015 |
Comcast Corp. has proposed reclassifying 347 million nonvoting K shares as regular common stock, while preserving the Roberts family's 33 percent voting control and ownership of the cable and Internet giant, the company said Monday. The changes will be reviewed by federal regulators and will need shareholder approval. K shares were first issued in the mid-1980s for Comcast to acquire other cable companies and compensate employees. They carried the same economic rights as Comcast common shares but had no votes in corporate governance.
September 3, 2015 |
How did Matt Barkley get here? Three years ago, the quarterback was embarking on his senior season at Southern Cal after snubbing the NFL despite the expectation by many that he would be a first-round draft pick. Two years ago, he stood on the lawn at the NovaCare Complex after the Eagles selected him in the fourth round and said that he was ready to compete for the starting job. A year ago, he was passed over for the backup spot behind Nick Foles when the Eagles signed Mark Sanchez and settled into the third-quarterback role.
August 26, 2015 |
After rising for three years, U.S. stock prices on Monday fell along with world markets. But most Americans aren't feeling investors' pain: Some of the same forces driving shares down are also trimming the cost of gasoline and food. And analysts say the market swoon is unlikely to slow hiring or damage an improving economy. With key stock indices off by more than 10 percent since peaking in mid-May, "the market is now officially in 'correction' territory," Daniel Roccato, president of $95 million asset Quaker Wealth Management L.L.C.
August 14, 2015 |
Prayers are flying fast and thick for Vitaly Korchevsky, the pastor of Slavic Evangelical Baptist Church in Brookhaven, Delaware County, indicted Tuesday in what is being called a $100 million cyber-hacking scheme to commit securities fraud. The 50-year-old preacher from Glen Mills leads a small but extremely loyal congregation, many of whom refuse to believe the charges. Church members and friends in the Slavic community have created a Facebook page, "Pray for Vitaly Korchevsky and Family," filled with words of support in Russian and English and Bible verses.
July 10, 2015 |
Since June 12, the Shanghai Composite Index, the leading Chinese benchmark for stocks, has lost a third of its value, including a 6 percent drop Wednesday that shook global markets. "The number of people involved in the decline may total in the tens of millions. Some of them probably lost their life savings," said stock market scholar Jeremy Siegel, a finance professor at the University of Pennsylvania's Wharton School. "It's very much like a market in a bubble. " China's stocks are back to the levels of last spring, so many longtime investors are not feeling absolute pain yet, Siegel added.
June 11, 2015 |
The Phillies selected a nice balance of college pitchers, college and high school hitters, and "a really nice high school arm" in the draft Tuesday, Johnny Almaraz said. That high school arm seems to have the Phillies' director of amateur scouting most excited. Almaraz flew to California two weeks ago to watch lefthander Bailey Falter, whom the Phillies drafted in the fifth round. The pitcher matched his high-80s fastball with a good curveball and change-up, Almaraz said. He believes Falter was one of the best pitchers in the country, high school or college.
June 7, 2015 |
One in a continuing series spotlighting real estate markets in the region's communities. Holidays are special in small towns. Some go all out for Fourth of July, with fireworks. In some, Thanksgiving is a favorite, with Santa arriving by fire truck. In West Grove, Memorial Day gets the attention. "There's a big parade and speeches, and the whole community joins in," says Jill Callahan, an agent with Coldwell Banker Preferred in Media, who has lived in the southern Chester County borough for 18 years.
May 24, 2015 |
One in a continuing series spotlighting real estate markets in the region's communities. Weichert Realtors agent Barbara Mastronardo calls Concord Township "one hot little real estate market. " Based on what? The Garnet Valley School District, for starters - this Delaware County community is part of it. Bethel Township, for another. It, too, is part of the Garnet Valley district, but with more expensive and larger houses - the first-quarter median price was $434,500, according to Berkshire Hathaway Home Services Fox & Roach HomExpert Market Report, versus $350,000 for Concord Township.
May 14, 2015 |
When Daekwon Smith is out rowing on the Schuylkill, a world that weighs heavily on his 17-year-old shoulders lifts off and vanishes. Anger. Disappointment. Conflict. Financial worries. All take flight. "Once I'm on the river, nothing else matters. I don't have my phone. I'm not around people I have problems with. I'm not getting updates from my family on what's going on or what's wrong. All I have to worry about is the next stroke. That's it. That's the greatest part. " The Benjamin Franklin High School senior discovered rowing 18 months ago after he got into a fight and was urged to pick a sports program to channel the anger he had bottled up after his grandmother's death.
May 6, 2015 |
Believing its stock is undervalued after the collapsed bid for Time Warner Cable Inc., Comcast Corp. has added $2.5 billion to its share-buyback program in 2015 - for a total projected buyback this year of $6.75 billion - and CEO Brian Roberts says the Philadelphia company's focus will be to run its existing cable, Internet, and entertainment businesses. "We firmly believe the stock is undervalued," Comcast's chief financial officer, Michael Angelakis, told Wall Street analysts during a conference call Monday on the cable giant's first-quarter earnings.