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Business
Ardmore's Suburban Square Getting A Facelift
 
  by: Rebel - Havertown, PA
started: 09/26/11 2:11 pm | updated: 09/26/11 2:11 pm
 
Ardmore's Suburban Square, in the midst of a $1.5 million makeover has owners betting it will put it back on the cutting edge of retail.

On track for an October opening - the goal of the project aims to convert the 80-tenant shopping plaza, which opened in 1928, into more of what urban planners call a "lifestyle center."

Kimco Realty Corp. is hoping customers will linger in the spruced up courtyard, which will feature a restaurant with outdoor seating, valet... Read More
 
 
Business
Sunoco to Shut Down Philadelphia Refinery
 
  by: iradiotom - Philadelphia, PA
started: 09/06/11 8:38 am | updated: 09/06/11 8:38 am
 
South Philadelphia will have to say goodbye to the Sunoco refineries. Sunoco Inc. announced it will sell or close its oil refineries in South Philly and Marcus Hook.

CEO Lynn L. Elsenhans took charge of the Philadelphia company three years ago and immediately began sweeping changes, but this is the biggest.

"We have made progress in increasing the efficiency of our refineries over the last several years, but given the unacceptable financial performance of these... Read More
 
 
Business
Inc. Magazine 500 List: Philadelphia ranks 5th
 
  by: Rebel - Havertown, PA
started: 08/29/11 11:42 am | updated: 08/29/11 11:42 am
 
The 2011 Inc. magazine 500 list of the fastest-growing privately held companies included 18 firms from the Philadelphia area making the region fifth among metropolitan areas with the most Inc. 500 firms.

Only six local companies made the grade last year and just nine in 2009.

The region's fastest grower was re2g, of Doylestown which installs solar-panels.

Also making the list was Petplan, a company which sells pet insurance and currently has... Read More
 
 
Business
Steve Jobs Steps Down as Apple CEO
 
  by: iradioal - Philadelphia, PA
started: 08/24/11 6:38 pm | updated: 08/24/11 6:38 pm
 
The surprise news of Steve Jobs' resignation as Apple's CEO comes just weeks after the company passed Exxon Mobil as having the largest market capitalization in the world. Steve Jobs has been on medical leave since January. He issued this statement:

"August 24, 2011-To the Apple Board of Directors and the Apple Community:

"I have always said if there ever came a day when I could no longer meet my duties and expectations as Apple's CEO, I would be the first to let... Read More
 
 
Business
Forbes releases 2011 Top College Rankings, Philadelphia area Schools in Top 20
 
  by: iradioal - Philadelphia, PA
started: 08/03/11 11:03 pm | updated: 08/03/11 11:03 pm
 
Forbes magazine has released it's annual rankings of colleges and universities. The rankings are based on five categories which include postgraduate success (30%), which evaluates alumni pay and prominence; student satisfaction (27.5%), which includes professor evaluations and freshman-to-sophomore retention rates; debt (17.5%), which penalizes schools for high student debt loads and default rates; four-year graduation rates (17.5%); and competitive awards (7.5%), which rewards schools whose... Read More
 
 
Business
Inquirer And Daily News Building Sold
 
  by: iradiotom - Philadelphia, PA
started: 07/28/11 4:29 pm | updated: 07/28/11 4:29 pm
 
The 18 story building at 400 North Broad Street that houses The Philadelphia Media Network's Philadelphia Inquirer, Philadelphia Daily News and Philly.com has been sold to developer Bart Blatstein of Tower Investments Inc. Blatstein is the developer who is helping to transform Philadelphia's Northern Liberties area with his Piazza at the former Schmidt's brewery. As Philadelphia Media Network continues its digital transformation, they may want to stay as a tenant. And Blatstein has no... Read More
 
 
Business
Philadelphia's Millionaire Population Growing
 
  by: iradiotom - Philadelphia, PA
started: 07/15/11 10:30 am | updated: 07/15/11 10:30 am
 
The number of millionaires in Philadelphia is on the rise. According to Forbes Magazine, the Philadelphia area has the sixth most millionaires in the country - topping Boston and Houston. High Net Worth Individuals are defined an having at least $1 million in investable assets not counting a primary home. Philly's total of 110,400 millionaires is up 6% from last year, the eighth largest increase in the country. Philly has its share of business tycoons, star entertainers and athletes as well... Read More
 
 
Business
Campbell Soup Plans to Add Salt
 
  by: iradiotom - Philadelphia, PA
started: 07/13/11 2:00 pm | updated: 07/13/11 2:00 pm
 
The incoming chief executive of Camden's Campbell's Soup company Denise Morrison has a plan to revive sales - more salt! In recent years, the soup maker has reduced salt and sodium for health benefits. But the new CEO wants to refocus on soup that tastes good. Campbell's plans to update 46 soup recipes and introduce a few new ones. And they plan to add a new crustless sandwich bread in the shape of a fish, modeled after their popular Pepperidge Farm Goldfish crackers. Campbell's hopes to... Read More
 
 
Business
Surcharge Now in Effect on all Taxis in City
 
  by: iradioal - Philadelphia, PA
started: 05/27/11 2:16 am | updated: 05/27/11 2:16 am
 
Philadelphia Parking Authority approved a $1 temporary surcharge for all taxi rides starting earlier this morning at 12 am. The Unified Taxi Workers Alliance of PA had requested the surcharge to help offset the rising costs of gas. This surcharge will remain in effect for at least 90 days, and will be removed once fuel prices drop below $3.75 for 10 days straight afterward.

Cab driver's have been hit hard by the high prices of gas and spend an average of $20 per shift on gas... Read More
 
 
Business
Permit Capital Advisors, LLC Announces Its Launch
 
  by: iradioal - Philadelphia, PA
started: 05/04/11 3:54 pm | updated: 05/04/11 3:54 pm
 
West Conshohocken, PA - Permit Capital Advisors, LLC announces its launch as a registered, independent investment advisory firm focused on the needs of institutions and high net worth investors. The company provides comprehensive investment services across all asset classes through an open architecture platform.

Permit Capital Advisors, LLC is managed by the team of Adam Landau, Chief Executive Officer and Chief Investment Officer, Mimi Drake, President, Ryan McLaughlin, Vice... Read More
 
 
 
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