November 7, 2015 |
Endo CEO Rajiv De Silva tried Thursday to distance himself and his company from his former employer, Valeant Pharmaceuticals International, which has been at the center of a controversy over pharmaceutical pricing and accounting practices. Valeant, which has said it has received subpoenas from federal prosecutors, is fending off critics who say it misused a mail-order specialty pharmacy, Philidor RX Services, to inappropriately goose profits and hide inventory. Philidor, whose main facilities are in Hatboro and Horsham, Montgomery County, said last week that it would close in 30 to 90 days.
December 25, 2014 |
Michael Angelakis, Comcast Corp.'s financial guru and vice chairman, was named one of the nation's top chief financial officers by the Wall Street Journal on Tuesday. The Journal rated him third, based on Comcast's return on invested capital, operating margin, dividend growth, and share buybacks over the last three years. The top two CFOs were Karen Hoguet of Macy's Inc. and Robert Knight of Union Pacific Corp. The Journal evaluated the financial performance of the companies in the S&P 500 index.
January 9, 2014
TWO PROMINENT Italians have recently weighed in on Wall Street excess. One is Martin Scorsese, whose "Wolf of Wall Street" is the debauched bio of a crooked and high-living broker. The movie's a hit with critics, and traders have been howling in approval at Manhattan screenings. These same Wall Streeters have been less receptive to criticism offered by another Italian (by profession, if not birth): Pope Francis. His "Evangeli Gaudium" denounced "the absolute autonomy of the marketplace and financial speculation," and questioned the efficacy of trickle-down economic theories.
December 26, 2013 |
I've asked for a few books as Christmas gifts, and hopefully my husband will oblige. Some of them even involve investing! First on my list, meet the newest addition, The Frackers: The Outrageous Inside Story of the New Billionaire Wildcatters , (Portfolio/Penguin, 2013). The book details our nation's remarkable and controversial energy revolution in Pennsylvania and other U.S. states, and how a country desperate for oil and gas suddenly is on the road to energy independence.
April 10, 2013 |
START SPREADING the news: According to the Wall Street Journal , Tuesday was the first day since June 18, 1890, that three Philadelphia teams played three New York teams on the same day. On that day, the Journal noted, the Phillies played the Brooklyn Bridegrooms in a National League game, the Athletics played the Brooklyn Gladiators in an American Association game, and the Quakers played the New York Giants in a Players' League game....
April 5, 2013
FRANK MAIMONE sometimes gets as hot as his pizza ovens in Northern Liberties. A pioneer, he opened Rustica Pizza in 2000, when there wasn't much to recommend the postindustrial, broken neighborhood where people had been drinking Schmidts rather than living around its hipster piazza. A Haddonfield native, Frank had an urban soul and arrived in No Libs to pursue a dream with Rustica, on 2nd Street near Poplar. After he married, he bought a nearby house that is now home to himself, his wife Mary and their two young daughters.
July 7, 2012
Michael J. Ybarra, 45, a former Los Angeles Times reporter who had recently chronicled his extreme-sports adventures for the Wall Street Journal, was killed in a mountain-climbing fall over the weekend on the edge of Yosemite National Park. A veteran mountaineer, he had set out alone to cross the craggy Sawtooth Ridge in the Eastern Sierra and summited the 12,280-foot Matterhorn Peak before he fell about 200 feet to his death, said his sister, Suzanne Ybarra. His family reported him missing Sunday, and a rescue crew spotted his body Tuesday in a rugged area difficult to reach on foot, according to Kari Cobb, a park ranger.
February 24, 2012 |
Temple University has named a veteran online newsman with a golden resume to lead the new Philadelphia Public Interest Information Network. Neil Budde, 55, the founder of The Wall Street Journal Online (WSJ.com), will become the first CEO of the new media venture on March 6. At Temple, he'll be charged with increasing the amount of quality public-interest journalism in the Philadelphia region. "What really appealed to me about this opportunity was to come in on the ground floor and take the great thinking that's already been done and shape it. " Budde said.
February 14, 2012 |
JEFFREY ZASLOW, a Wall Street Journal reporter with a flair for inspirational stories who produced three nonfiction best-sellers, beginning with the 2008 book The Last Lecture about life lessons from a dying man, was killed in a car crash Friday. He was 53. Zaslow's death was announced on the website of Detroit's Fox 2 News, where his wife, Sherry Margolis, is an anchor. Zaslow was driving on a snow-covered highway in northern Michigan when he lost control of his vehicle and it was hit by a truck.
September 18, 2011
Inside the News Business at the Wall Street Journal By Warren H. Phillips McGraw-Hill. 316 pp. $30 Reviewed by Steve Weinberg During his decades as a reporter, editor, and publisher at the Wall Street Journal, Warren H. Phillips played a significant role in transforming a limited-circulation, mediocre newspaper into a usually superb publication. Now in his mid-80s, retired from the newspaper since 1991, Phillips looks back in his memoir, Newspaperman , to explain the secrets of the successes and grapple in hindsight with some of his failures.