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Q&A: Michael G. Rubin, online retailing
GSI Commerce Inc. chief executive and founder Michael Rubin made his first business deal before he could shave, at 12, and owned a chain of ski stores by the time he graduated high school in 1990. Then he really...
Q&A: Vijai Gupta, JYOTI Natural Foods
When Vijai Gupta arrived in Canada from his native India in 1959 to study chemical engineering at McGill University, he soon realized there wasn't a morsel of Indian food to be found. He quickly became a gastronomic adventurer, sampling...
Q&A: Linda Rosanio, entrepreneur
ERRATA: This post originally gave the wrong HQ for Catelli Brothers. It's based in Collingswood, not Camden. - PhillyInc Entrepreneur Linda Rosanio learned her earliest lessons about business from her parents, Anthony and Nancy Catelli. In 1946 her late...
Q&A: Tomohiko Ikeda of Subaru
Subaru of America Inc. chairman, president and CEO Tomohiko Ikeda hasn't had much time to get homesick for Japan since arriving in Cherry Hill to run the automaker's U.S. division. Ikeda is executing Subaru's goal of expanding its U.S....
Q&A: Jim Sheward, software entrepreneur
After living in southern California for six years, Philadelphia native Jim Sheward had had enough and jumped at the chance to move back to the Delaware Valley when he and partner Paul H. Russell decided to start the software...
Q&A: Gene Muller, Flying Fish brewer
For Flying Fish Brewing Co. owner Gene Muller, beer isn't just a beverage, it's a way of life. Before he started the Cherry Hill-based brewery in August 1996, he would take vacations to the West Coast to try new...
Q&A: Robert Rush, cheese steak maven
To say that Rob Rush and his friends are devoted to the cheesesteak may be an understatement. On their Web site Cheese-steak Town (www. cheesesteaktown.com), they write under aliases such as "The Big Cheese" (Rush), "Fried Onion" (talent agency...
Q&A: Will Gonzalez, Latino workforce development
CORRECTION: We misspelled Will Gonzalez's name in the original posting of this Q&A. His surname ends in a Z, not S. Our apologies. - PhillyInc For leaders in the Latino community such as Will Gonzalez, these are challenging times....
Q&A: Jennifer Wilson, baking for fame
Though Jennifer Wilson has been in business for less than a year, she has shown a knack for public relations. When NJ 1015's "Jersey Guys" spoke about how they needed a cake for an event they were hosting in...
Q&A: Jon Perper, bowling businessman
Bowling is in Jon Perper's blood. His late father Irvin built Playdrome Woodcrest in 1960 and Jon started working at the alley when he was 13, working his way up from porter to assistant manager. He has expanded his...
Q&A: Jeffrey Babin, enterpreneurship expert
When it comes to funding new businesses, the Delaware Valley is a pretty languid place, according to Jeffrey Babin, a lecturer on entrepreneurship at the University of Pennsylvania's Wharton School of Business and an angel investor himself at his...
Q&A: Jerry Robbins, jeweler and performer
Anyone who has owned a radio or television in the Philadelphia area in the past 25 years knows Jerry Robbins, or at least thinks they do. His commercials, which feature his velvet baritone honed from years of work on...
Deb Shops' golden parachutes
So, how well did Deb Shops Inc.'s (NASDAQ:DEBS) executives fare in selling the company to a private equity group for $395 million? CEO Marvin Rounick will get a three-year consulting contract worth $1.2 million. So says its SEC filing...
Philly's new strip-club owner bares its numbers
Rick's Cabaret International Inc. (NASDAQ: RICK), which in August signed a letter of intent to take over Philadelphia's once-controversial Crazy Horse Too club, is taking the high road in its SEC filings. Rick's, based in Houston and one of...
Toll and Hovnanian bow to McMansion discounts
Toll Brothers Inc. (NYSE: TOL) has been giving deeper-than-usual discounts during its "Toll Advantage Days" events at its developments around the country, where it offers what it calls "a behind the scenes look at our homes from start to...
Hedge Fund takes a shine to Cephalon
Pacman or Sacman? Hedge fund bigshot Steven A. Cohen has taken a shine to Cephalon Inc. (NASDAQ: CEPH) of Frazer, Pa. In an SEC filing this week, Cohen reported holding more than 3.4 million shares of the biotech company....
Campbell heirs unload millions in stock
Hope van Beuren, whose grandfather John T. Dorrance invented condensed soup in 1897, and her husband John recently unloaded more shares of Campbell Soup Co. (NYSE: CPB) than they have in years. The van Buerens, who report their holdings...
Q&A: Joseph Zuritsky of Parkway
Parkway Corp. Chief Executive Joseph Zuritsky, whose father Herman founded the company in 1936 and whose son Robert is president, has watched his nearly 40-year interest in koi fish morph from fascination to hobby to a side business called...
Curiouser at Mace
CORRECTION: Due to editing errors, we incorrectly attributed the SEC filing in this posting to Mace and later to Lawndale. It actually came from Ancora. - PhillyInc The saga continues: The No. 2 shareholder in Mace Security International Inc....
Sanford Ibrahim's stock signals at Radian
Putting his money where his mouths is? Five days after playing down the collapse of a $5.47 billion sale agreement of his Radian Group Inc. (NYSE: RDN) to rival MGIC Inc. (NYSE:MTG), Radian Chief Executive Sanford A. Ibrahim -...
Schorsch and REITs: Not dead, yet
CORRECTION: PhillyInc incorrectly stated that Nicholas S. Schorsch had been the chief executive of First Fidelity Bancorp. Actually, that job was held by his successor at American Financial Realty Trust, Harold W. Pote. The story also gave a wrong...
Q&A: Kris Singh of Holtec
When Holtec International Inc. Chief Executive Krishna “Kris” Singh founded his company in 1986 to develop technology to increase the amount of spent fuel rods that can be stored in nuclear power plants, he figured customers would flock to...
Comcast vs. BitTorrent?
Comcast Corp. (NASDAQ: CMCSA), the second-largest high-speed Internet provider behind AT&T Inc. (NYSE:T) is denying accusations made by bloggers that it's restricting users' access to the popular video-sharing service BitTorrent. The bloggers, though, say they aren't buying Comcast's denials...
Tough Sell
Power Medical Interventions Inc. Chief Executive Michael Whitman doesn't let little things like product delays or lack of profitability get in the way of his plans to sell shares of the medical device company to the public. The company's PLC...
Green, or green?
American Water Works Co. Inc. disclosed a surprising risk to its business in the prospectus to go public it filed today the Securities & Exchange Commission: water conservation. The Voorhees company matter-of-factly points out that residential water use is...
Pep Boys, Peppy Stock
Though cute, Manny Moe & Jack aren't the Pep Boys responsible for today's six percent hike in the share price of Pep Boys -- Manny Moe & Jack (NYSE:PBY). Instead, credit Billy, Jim and Jeff for the sudden stock...
Neoware, Neodeal
Neoware Inc. (NASDAQ: NWRE) Chief Executive Klaus Besier, whose company agreed in July to a $214 million buyout from Hewlett-Packard Corp. (NASDAQ: HPQ), has landed a good deal for himself once the merger closes. Besier, who was hired to turn...
Mothers Work Never Done
Mothers Work Inc. (NASDAQ: MWRK) apparently is attracting investors looking for a bargain. Stadium Capital Management L.L.C., an Oregon-based hedge fund, yesterday reported that it had acquired a 7.6% interest in the Philadelphia maker of maternity clothing, according to a...
Kudos for Toll's "stinky" quarter
Instead of getting blasted for reporting lousy quarterly results, Toll Brothers Inc. (NYSE: TOL) Chief Executive Robert Toll is getting kudos because they weren't nearly as bad as Wall Street expected. BusinessWeek remarked that the Horsham company can "take a...
Big Biodiesel Plant comes to Philadelphia
Imperium Renewables Inc,, one of the largest makers of biodiesel fuel, says it will build a production facility in Philadelphia to tap the growing demand for the environmentally friendly fuel in the U.S. and Europe. The company expects to lease...
Mace buyback: We mean it this time!
CORRECTION: The original post misquoted Shapiro and erred in saying Mace never disclosed that it did not buy back stock. Our apologies. PhillyInc Mace Security International Inc. (NASDAQ: MACE) Chief Executive Louis D. Paolino Jr., who trumpeted his company's plans...
Are days numbered at Duska biotech?
James Kuo, who was hired in May as CEO of the money-losing biotech company Duska Therapeutics Inc.(OTC: DSKA) of Bala Cynwyd, may want to consider taking up the company's old business of landscaping. In an SEC filing today, Kuo's company...
Oh Please Mr. Postman
Now that Mace Security International Inc.'s (NASDAQ: MACE) largest shareholder Andrew Shapiro has added to his holdings in the beleagured security products company, he demands to know how he can reach out to fellow shareholders of the Mt. Laurel security...
Messy under Essig
Integra LifeSciences Holdings Corp. (NASDAQ: IART) Chief Executive Stuart Essig may be the medical device industry's answer to "Let's Make a Deal's" affable host Monty Hall. Since 2004, the Plainsboro, N.J.-based company has spent $349 million acquiring 13 businesses or...
Q&A: Ice Cream Inspector
Meet the luckiest man in the world. Ernie Pinckney gets paid by Turkey Hill Dairy of Lancaster, Pa., to eat ice cream. He also fields questions from the curious and passionate about the frozen treats for the company’s blog....
Roy Disney returns to Philly
Seems Roy Disney's activist investment group has taken a shining to eResearch Technologies Inc. (NASDAQ: ERES) of Philadelphia, a provider of technology and services to biotech and pharmaceutical industries. Shamrock Holdings, a Burbank, Calif., fund controlled by the family...
Isolagen's distractions
Nicholas Teti and his management team at Isolagen Inc. (AMEX:ILE) of Exton are spending far less time then they would like developing what the company calls "emergent skin and tissue rejuvenation products." First of all, there is the legal defense...
Matthiases' doghouse
Courtesylilliputplayhomes Rebecca and Dan Matthias, the married couple that founded and runs Mothers Works Inc. (NASDAQ: MWRK), evidently are making their golden years a lot more golden, even as their company continues to struggle. The company told the SEC yesterday...
Tenet sues
Tenet Healthcare Corp. (NYSE: THC), along with its 2nd-quarter results yesterday, disclosed that Healthcare Property Investors Inc. has demanded that the company turn over possession of hospitals in California, Florida, Georgia and North Carolina by the end of the year....
Barack-backing Bancroft bolts before buyout
A fan of neither The Dow Jones & Co. (NYSE: DJ) takeover saga has a Philadelphia (uh, Bucks County) connection. Dow Jones said in an SEC filing yesterday that Newtown Square resident Jane C. MacElree, a Dow Jones ex-director and...
Pirollo rolls
Never a dull moment at Mace Security International Inc. (NASDAQ: MACE) of Mount Laurel. Ronald R. Pirollo, of Langhorne, Pa., has resigned as chief accountant and controller of the troubled Mount Laurel seller of the self-defense spray. The one-line...
Lentz relents
Time, or luck, or both, may be running out for Nathanael Lentz. In 2005, the CEO of software maker Verticalnet Inc. (NASDAQ: VERT) of Horsham promised better times ahead. Three years into his job, Lentz told Forbes.com: "Success is...
Q&A: Chips off the ol' block
The potato chips made by the Herr family, of Nottingham, Pa., are as much a part of the Philadelphia palate as hoagies, cheese steaks and scrapple. The current face of the company is Ed Herr, who has become a...
Comcast can't get a break
Comcast Corp. (NASDAQ: CMCSA) isn't getting out of Wall Street's dog house for a while. Though the Philadelphia-based cable operator yesterday reported solid second quarter earnings, investors remain concerned about the company's capital expenditures and punished the stock. Plus,...
Rodent fame
PhillyIncillustration The Gus Story continues ... Seems people just can't get enough of the Pennsylvania Lottery's robotic groundhog, whose creators at Marc USA in Pittsburgh have won a contract renewal worth up to $200 million over seven years. When we...
Verizon disputes phone discounts
Seems the race to capture phone, Internet and cable-TV customers with bundled digital service has blown back a bit on Verizon Communications Inc. (NYSE: VZ). The Pa. state consumer advocate, Irwin “Sonny” Popowski, has filed a complaint over Verizon’s...
Mothers Work has its work cut out
Courtesyexpecting-fitness.com In April, Mike Cianciolo of the Motley Fool was optimistic that better times were ahead for Mothers Work Inc. (NASDAQ: MWRK), saying that results in the first half of the year weren't "looking too shabby." Now, he's changed his...
Return on Rodent Investments
The Pennsylvania Lottery bills its mascot, Gus the groundhog, as the "second most-famous" groundhog after Punxsutanwey Phil. But Gus is certainly wealthier. The Lottery Commission on July 13 renewed its advertising contract with Gus – actually the Pittsburgh ad...
Q&A: There is no "i" in company
Penn State University Professor Donald Hambrick probably didn't have to try too hard to find a narcissist among tech-company CEOs for his study (with co-author Arijit Chatterjee, a graduate lecturer) on the impact of their behavior on their companies....
Little banks get a big bite from PNC
As PNC Financial Services Group Inc. (NYSE: PNC) plans to buy Sterling Financial Corp. (NYSE:SFLI) of Lancaster, this little nugget from a recent SEC filing about PNC’s last acquisition of a little bank might bode well for Sterling's execs....
Why Unisys won't be independent for long
Unisys Corp. (NYSE: UIS) probably will be sold within a year to either a private equity player or a larger rival. At least that's what many Wall Street investors seem to be expecting. Shares of the Blue Bell-based company...
Q&A: From Philly to Rio, via Bustleton
For Temple University trade expert, Nicole DeSilvis, Brazil can be both fascinating and frustrating, sometimes in the same day. But the 36-year-old resident of Blue Bell, who first traveled to Brazil in 1995 with a Brazilian friend she met...
'Kicks and giggles' at Mace
Is Mace Security International Inc. (Nasdaq: MACE) thinking of leaving the security business? That's the question that emerged today as Chief Executive Louis D. Paolino Jr. faced a barrage of skeptical and at times hostile questions during a two-hour conference...
Mace face-off
Here's one local earnings conference call that could be livelier than most. Mt. Laurel's Mace Security International Inc., (Nasdaq: MACE) the beleaguered security products company, will answer questions publicly today from analysts and investors, some of whom are a...
Ticker trouble
If you happen to look for news on Google Finance this week about Exelon Corp. (NYSE: EXC), owner of Peco Energy, you may end up getting a list of stories about a treatment for Alzheimer's bearing the same name...
Synova's Badgers
"Boomer the Badger"www.brocku.ca The chief executive of medical test-maker Synova Healthcare Group Inc. (SNVH), Stephen E. King, apparently has a thirst for learning in his native Canada. The company says in its proxy filing that King, 42, is a "candidate...
Mace goes after ex-employee
PhillyInc incorrectly stated that Mace shareholder Andrew Shapiro is seeking to increase the size of the company's board from three to five. He actually wants to expand the board from five to seven. Mace Security International Inc. (Nasdaq: MACE), the...
The Long view
Though the Delaware Valley hasn't escaped the downturn in the housing market, it is not in as bad shape as other regions such as Las Vegas and South Florida, where speculators drove up prices and now are getting burned...
Wolfington's woes
Money Centers of America Inc. (OTC:MCAM), which provides ATM and check-cashing services at casinos, could use a little luck of its own. The company in King of Prussia, run by CEO Christopher Wolfington, said in an SEC filing today...
Master your domain
The words "eminent domain" can send shivers up the spine of property owners, particularly in the years following the U.S. Supreme Court's 2005 decision in Kelo v. City of New London, which upheld the right of governments to take...
Rough waters for Ocean Power
Ocean Power Technologies Inc. (Nasdaq: OPTT), of Pennington, N.J. (just north of Trenton), has seen its shares plunge more than 20 percent since its U.S. initial public offering in April. Time for some incentives to get through rough waters?...
Hedrick selling his shares, after all
About a month ago, Geoffrey S.M. Hedrick, former CEO and founder of Innovative Solutions & Support Inc. (Nasdaq: ISSC), a maker of flat-panel displays and monitoring systems in Exton, Pa., raised some eyebrows when he filed a registration statement...
Battle over Mace is coming to a head?
PhillyInc incorrectly reported that Mace shareholder Andrew Shapiro had called on Mace board chairman Louis Paolino Jr. to remove his brother Matthew from the board. Shapiro actually made the request to the full board. Mace Security International Inc.'s biggest shareholder,...
Nobody hurt, yet
Two years after a de-icing boom hit fell on a US Airways jetliner in Philadelphia, the legal fight is hitting full stride. Nobody was hurt on the London-bound Airbus A330 sitting on the Tarmac in Philly. But at least four...
Mass of biomass
Courtesy www.sjroe.com Rupert Fraser, chief executive of Fibrowatt LLC, is on a roll. The small energy company, whose U.S. headquarters are in Newtown, Bucks County, had its first U.S. plant in Benson, Minnesota recently featured in the New York Times....
Tierney's Wall Street Journal?
AOL has posted an online poll this week asking readers who they predict would succeed in buying Dow Jones & Co.? Of 1,350 respondents as of Tuesday afternoon, just 4 percent picked Inquirer owner Philadelpia Media Holdings, led by Brian...
Reading Comcast's tea leaves
At least one top Comcast Corp. (NASDAQ:CMCSA) executive thinks the stock is a good buy. The company said in an SEC filing today that co-Chief Financial Officer Michael J. Angelakis bought almost 38,000 shares at prices ranging from $26.34...
Hedging on Hodgson
Stephen J. Harmelin, a managing partner at Dilworth Paxson LLP, has replaced Clark Hodgson of Stradley Ronon Stevens & Young LLP as receiver in a major case against the collapsed hedge fund, Philadelphia Alternative Asset Management. One of the...
More Navy Yard tax breaks?
Urban Outfitters Inc. (NASDAQ: URBN), one of Wall Street's favorite retailers, says in an SEC filing today that an unspecified federal tax break for work on its "new offices" helped pushed down its first-quarter effective tax rate to an...
Encorium's bad luck
There's been a boom, of sorts, for contract research firms that conduct drug trials on behalf of pharmaceutical companies. But it may be a deceptive boom for smaller CROs, many of them around Philadelphia. Encorium Group Inc. (Nasdaq:ENCO), a...
Phone book 1, Google 0
A delinquent tax-payer in Northampton County can thank the limitations of Google for perhaps getting his house back. According to a 17-page opinion filed in the Pennsylvania court of common pleas, a supervisor in the Northampton County Tax office...
Burke's $6.4 million
Last month, Comcast Corp. (Nasdaq:CMCSA) Chief Executive Brian Roberts sold some of his shares for the first time since 2004. Now, it's president Stephen Burke's turn. Comcast reported to the SEC yesterday that Burke had sold about 236,000 shares on...
Selling Sovereign
Sovereign Bancorp Inc. (NYSE: SOV), whose share price is down 10 percent so far this year, reports in an SEC filing today that a major shareholder, Meridian Capital Funding Inc., intends to sell up to 3.6 million shares of the...
Q&A: Kuensell on not selling
Like many value investors, Brandywine Global Asset Management's Scott Kuensell is a glass is half-full sort of person. After all, the 53-year-old Philadelphia native makes his living seeing hope in companies that other investors consider hopeless. That strategy has paid...
If you don't know, admit it
Health Benefits Direct Corp. (OTC: HDBT), a Radnor-based developer of online insurance marketing systems, has made an unusual, but perhaps refreshingly honest, admission to the SEC: some executives may not quite know what they should be doing as a public...
You scratch my bank, I'll scratch ...
Brian Campbell of West Chester is a director of First Chester County Corp., of West Chester, which owns First National Bank of Chester County. Separately Campbell is a vice president and co-owner of Beiler-Campbell Inc., a local real estate and...
China, Google and Philly vs. Boston
Robert E. Turner, chief investment officer of Turner Investment Partners of Berwyn, Pa. is riding high these days because the growth stocks he favors are back in fashion. In an interview with PhillyInc, the 50-year-old native of Illinois, whose...
Brian sells
Days after facing criticism over executive pay at his company's annual meeting, Comcast Corp. (NASDAQ: CMCSA) Chief Executive Brian Roberts did something he hadn't done since 2004: He sold some of his vast holdings in the cable company. Comcast...
Beware of those receipts
Perhaps we should have seen this one coming: Gerald D. Wells Jr. of Bucks County and Jennifer Ehrheart of Lawrence County have filed a lawsuit in U.S. District Court in Philadelphia accusing the owner of Carrabba’s Italian Grill, a...
Sweet deal for Pathmark's CEO
Sure, shareholders in Pathmark Stores Inc. (NASDAQ: PTMK) may do just fine from the company's merger with Great Atlantic & Pacific Tea Co. (NYSE: GAP). But most likely they won't do as well as Pathmark CEO John Standley. According to...
ETC's day in court nears
Environmental Techtonics Corp. (AMEX: ETC), a Southampton, Pa.-based maker of aircraft simulators and decompression chambers, says in an SEC filing today that two big legal battles are coming to a head. It says a trial in the U.S. Court of...
Cigna exercises
Cigna Corp. (NYSE: CI) Chief Financial Officer Michael Bell notified the SEC yesterday that he exercised options on 31,217 shares last Friday at prices ranging from $75.44 to $96.53 and resold them that day for $165.78 to $166.14. That comes...
Unisys is a buy?
Unisys Corp., of Blue Bell, is attracting serious attention of the activist investor Millbrook Capital Management Inc., run by John S. Dyson. Millbrook has upped its stake from 6 percent to 8.1 percent in recent months, according to an...
Work hard, make nothing
To that nagging question, "How do biotech startups with no earnings stay in business?", here's one answer: Pay your employees nothing. Of course, it's standard practice for owners of struggling small businesses and mom-and-pop companies to sometimes sit on their...
Beneficial eyes Garden State
Beneficial Mutual Bancorp Inc. says in an SEC filing today that it's looking for even more takeover opportunities in New Jersey. Beneficial already has an agreement to buy the parent of Farmers & Mechanics for $183.2 million. (Most Farmers &...
Expansion
Eurand NV, a Dutch specialty pharmaceutical company that announced pricing of its IPO today, has entered into a lease for about 9,000 square feet of office space near Philadelphia. It says in an SEC filing today that it's setting up...
Hemispherx, still not dead
Biotech firms are well-known for churning along for years without a penny of profit. (Deep-pocket investors looking for a reliable loss?). But Philadelphia-based biotech Hemispherx Biopharma Inc. is surely a standout. In an SEC filing today, the developer of flu...
Couldn't take the commute
Not quite a victory for telecommuting, but notable nonethless. New York City-based Newtek Business Services said today in a press release filed to the SEC that it has parted ways with its chief financial officer, Michael Holden. Why? He apparently...
The dog ate my 10-QSB
Philadelphia-based biotech Avax Technologies Inc. says in an SEC filing today that, essentially, it has laid off too many people and been too busy raising money to file its paperwork on time: "The registrant is unable to complete the...
Half-done
Simon Property Group L.P. says in an SEC filing that its $119 million Philadelphia Premium Outlets by Simon Properties Inc. in Limerick is almost halfway built. The center is set to open during the fourth quarter. Indianapolis-based Simon's holdings include...
Anything but flat
Thanks largely to the patronage of the U.S. Defense Department, investors in Exton-based Innovative Solutions & Support Inc. are flying high from sales of its flat-panel displays and monitoring systems. Shares have risen almost 50 percent since January. So, major...
Beijing Med-Pharm needs capital, or else
Beijing Med-Pharm Corp., the Plymouth Meeting-based distributor of drugs in China (See archived stories here), says in an SEC filing that things may get tough if it cannot raise more capital soon. "If we are not able to raise additional...
Charming commute
Part of Charming Shoppes Inc.'s $8.3 million pay package last year for its chief executive, Dorrit J. Bern, was $38,602 "for our incremental cost of use of the corporate aircraft for commuting purposes," the Bensalem-based retailer said in a filing...
Philly and state tax collectors eye Orbitz
Orbitz Worldwide Inc. plans to fight the efforts from tax officials from the state of Pennsylvania and city of Philadelphia and other local and state governments to collect levies related to the sale of hotel rooms. These officials "have begun...
Mall owner thrilled by Cherry Hill
Tenants of the Cherry Hill Mall had the most sales per square foot of any of the 38 malls owned by the Pennsylvania Real Estate Investment Trust. In the quarter ended March 31, stores in the mall generated $483 per...
Once they've seen Philadelphia ...
Starwood Hotels & Resorts Worldwide Inc. , parent of Sheraton, Westin and St. Regis hotels, said Philadelphia was one of three locations that showed revenue-per-available-room growth that was "particularly strong," in the first quarter, according to a filing with the...
Buying from the hand that buys you
Barrier Therapeutics Inc., a Princeton biotechnology company, bought about $186,000 worth of raw materials and clinical supplies from businesses controlled by shareholder Johnson & Johnson of New Brunswick, Barrier reported in a filing with the Securities & Exchange Commission. Princeton-based...
Compensation report
C&D Technologies Inc. Chief Executive Officer Jeffrey A. Graves received $568,1000 in compensation in the 2007 fiscal year, the Blue Bell, Pa.-based company said in a filing with the Securities & Exchange Commission. Graves, 46, got a base salary of...
Me? Worried? Nah.
Dover Downs Gaming & Entertainment Inc., which operates a slots casino, a harness racing track and hotel in Delaware, isn’t worried about the growth of gaming in Pennsylvania ,though the impact is difficult to predict, according to a filing with...
3 medical firms renew leases
Mack-Cali Realty Corp., a real estate investment trust, signed two new leasing deals in Moorestown and one in King of Prussia in the first quarter, according to a filing with the Securities and Exchange Commission. Xerimis Inc., a clinical packaging...
Asbestos claims still hot
Crown Holdings Inc.’s Crown Cork subsidiary had about 79,000 outstanding asbestos claims at the end of the first quarter, the company said in a filing with the Securities and Exchange Commission. During that time, it received about 1,000 new asbestos...
Poultry wages v. paltry wages
Pilgrim's Pride Corp., the largest U.S. chicken processor, said today that Pennsylvania is one of the states where its faces federal lawsuits seeking collective action for unpaid wages and overtime, the company said. Two cases are pending before the U.S....
SEC in Phila. probes Tier Technologies
Tier Technologies Inc. is being investigated by the Philadelphia office of the Securities & Exchange Commission. Last May, the Reston, Va.-based company received a subpoena requesting documents "related to financial reporting and personnel issues," the company said today in a...
Alabama insurer profits from Phila. drivers
Infinity Property & Casualty Corp. said gross auto insurance premiums from its targeted markets, which include Philadelphia, rose 27 percent in three months that ended March 31 compared with the same period a year earlier, according to a filing with...
Host Hotels dragged down by Philadelphia
Host Hotels & Resorts Inc., which owns Philadelphia's Four Seasons, Marriott Downtown and Airport Marriott hotels, said its first quarter results were hurt by "weak citywide demand" here. The Bethesda, Md., company reported results last week. The transcript of its...
Orthovita proposes reverse stock split
Orthorvita Inc., which makes materials used for bone regeneration and soft tissue healing, is proposing to reduce the number of outstanding shares in order to boost their price. Shareholders are being asked to approve the move, called a reverse stock...
Founder's fees
Alesco Financial Inc., a firm that invests in real estate securities, paid its outside managers Cohen & Co. more than $48 million in management and investment transaction fees in 2006, according to a filing with the Securities & Exchange Commission....
Welcome aboard
Auxilium Pharmaceuticals Inc. of Malvern gave Armando Anido quite a welcome when he became chief executive in July, according to the company's proxy statement that was filed today with the Securities & Exchange Commission. Anido, 49, received $909,098 in compensation...
All in the family
Deb Shops Inc. of Philadelphia has leased 280,000 square feet of warehouse and office space from Blue Grass Partnership, which includes chief executive Marvin Rounick, his brother Jack A. Rounick, the company's secretary and treasurer, plus other executives and their...
Contributor: Jonathan Berr
Jonathan Berr, a freelance contributor to The Inquirer, has been a business writer for Bloomberg News, and contributes to AOL BloggingStocks and other publications. See posts by this contributor. | Send e-mail to this contributor....
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