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Preview: Philadelphia Business News - Local Philadelphia News | The Philadelphia Business Journal

Philadelphia Business News - Local Philadelphia News | The Philadelphia Business Journal

View Breaking Local News Headlines in Philadelphia from the Philadelphia Business Journal. Access business resources, company profiles, business advice columns, local jobs and more.

Published: Mon, 23 Apr 2018 19:54:21 +0000

Copyright: American City Business Journals, Inc. and its licensors. All rights. reserved.

PHOTOS: Former Penn President Martin Meyerson's Center City mansion hits the market

Mon, 23 Apr 2018 18:42:49 +0000

(image) One of Center City's most noteworthy mansions is now on the market - an 1865 brownstone that was the longtime home of University of Pennsylvania President Martin Meyerson. The home, at 2016 Spruce Street, was designed by Samuel Sloan with a later addition by Louis Kahn. Active in the 19th century, Sloan was an internationally acclaimed Philadelphia architect who is probably best known for Longwood mansion in Natchez, Mississippi. He also wrote a number of high-profile books about architecture that…

Penn cell therapy spinout raises another $1.5M, names new CEO

Mon, 23 Apr 2018 18:17:50 +0000

(image) The company, which really hired its first chief executive, expanded a debt offering. The funds will be used to further develop its immunotherapy technology to treat solid tumors.

Pittsburgh, Philadelphia firms settle wagers as Penguins advance in NHL playoffs

Mon, 23 Apr 2018 17:54:24 +0000

(image) Companies put pastries, beer and face-painting on the line when teams on either side of Pennsylvania squared off in opening round.

New owners spending $18M to make DuPont Country Club more family-friendly

Mon, 23 Apr 2018 17:36:35 +0000

(image) Family heir Ben duPont and a former DuPont Company executive recently announced they’re not only buying the DuPont Country Club, but also investing millions to spruce it up. Longtime members Ben duPont and Don Wirth believe making the DuPont Country Club more family-friendly will be the key to increasing membership and profits. Country clubs nationwide have been struggling to stay afloat because significantly fewer people are golfing. Currently, there are 1,750 members at the DuPont Country Club,…

Movement to impeach Pennsylvania Supreme Court Justices on hold

Mon, 23 Apr 2018 17:18:37 +0000

(image) State Rep. Cris Dush (R-Jefferson) is hopeful his bill to impeach four Democratic Supreme Court Justices will move forward in the coming weeks. “I haven’t had anybody that has said we don’t have the constitutional standing for this, or they can actually point me to where the judiciary had the ability to do what it did,” Dush told the Associated Press. According to the Associated Press, Dush is hoping to address the Republican caucus in closed door session during the week of April 30th.  Dush…

Nine West Holdings to lay off 102 employees in South Jersey

Mon, 23 Apr 2018 16:46:25 +0000

(image) Nine West Holdings Inc. will close a distribution facility it operates at 1243 Forest Parkway in West Deptford, N.J., and lay off 102 employees, according to a Worker Adjustment and Retraining Notification, or WARN, the company filed with the New Jersey Department of Labor. This comes after the company filed for Chapter 11 bankruptcy protection on April 6. In addition to the West Deptford facility, the company is shuttering its operations in Bristol, Pa., and laying off 98 employees there.  The…

New homes, shops to replace Chocolate Factory on Washington Ave

Mon, 23 Apr 2018 16:38:48 +0000

(image) The Frankford Chocolate Factory looms over Washington Avenue in South Philadelphia, covering an entire city block, anchoring the roadway in the industrial uses that dominated it for the past century or more. In 2006, the red-brick factory that could once claim to be the nation’s largest manufacturer of chocolate Easter bunnies closed down. In that same decade the neighborhood to its north—which became known as Graduate Hospital—saw an influx of new residents with money. Then the neighborhood…

The Hunt for HQ2: D.C.'s multilayered bid for Amazon's second home

Mon, 23 Apr 2018 16:30:57 +0000

(image) The District is the only jurisdiction in Greater Washington that publicly detailed how it would meet Amazon's space needs. How does it stack up?

Bratz chief wants to sweeten bid for Toys 'R' Us' U.S. stores

Mon, 23 Apr 2018 16:18:50 +0000

(image) Toy mogul Isaac Larian plans to sweeten his rejected bid for Toys 'R' Us. The CEO of MGA Entertainment will renew his effort to take over more than 200 U.S. outlets of the bankrupt toy retailer. Larian, who owns The Bratz doll brand through MGA, confirmed over the weekend that he and his team will spend the next week re-assessing the value of the U.S. stores, as well as unspecified Toys 'R' Us intellectual property. The stores are holding liquidation sales, which — Larian says — is devaluing…

Known for its chocolate eggs, Zitner's files for Chapter 11 bankruptcy

Mon, 23 Apr 2018 14:53:08 +0000

(image) The Philadelphia candy company is an institution and has been churning out chocolate eggs and pretzels for almost 100 years.