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Philly.com Business



Business headlines from Philly.com.



Published: Mon, 22 Jan 2018 22:23:07 GMT2018-01-22T22:23:07Z

 



Philly's PES refinery, the East Coast's largest, files for bankruptcy protection

Mon, 22 Jan 2018 22:23:07 GMT2018-01-22T22:23:07Z

The refinery owner blamed its troubles squarely on the cost of meeting federal renewable fuel standards. But the source of its financial woes may be more complicated.



Maguire Hayden buys office park near downtown West Chester

Mon, 22 Jan 2018 20:50:48 GMT2018-01-22T20:50:48Z

The office buildings, completed between 1964 and 1976, are 90 percent leased to tenants including American Precision Industries Inc., ESCFederal Inc. and Women's Health Care Group of PA.



Atlantic City longs for sports betting, action on Eagles

Mon, 22 Jan 2018 20:45:09 GMT2018-01-22T20:45:09Z

ATLANTIC CITY, N.J. (AP) - Atlantic City and southern New Jersey have always been Philadelphia Eagles country.



Amazon Go pushes Mediterranean lamb, skips the chili cheese dogs

Mon, 22 Jan 2018 20:01:09 GMT2018-01-22T20:01:09Z

After more than a year of testing with an employee-only focus group, Amazon Go opened to the public Monday in downtown Seattle, putting to the test the online retailer's technology that lets shoppers grab what they want and leave without paying a cashier.



Two-story building in west Center City hits market as possible development site

Mon, 22 Jan 2018 19:51:09 GMT2018-01-22T19:51:09Z

A marketing brochure proposes potential uses for the site that range from renovating the building for a single user to clearing the parcel for a large project that takes advantage of the area's permissive zoning.



Vanguard, low-cost king, has some advice for advisers on price

Mon, 22 Jan 2018 19:28:03 GMT2018-01-22T19:28:03Z

Financial advisers used to charge investors as much as $20 per $1,000 for choosing funds, rebalancing the portfolio and making it as tax efficient as possible. But more sophisticated technology has turned these functions into commodities, with some pure robo-advisers charging as little as $2.50 per $1,000 for the service, Buckley said.



Philly area firms fear they can't find enough skilled workers, Fed survey shows

Mon, 22 Jan 2018 19:11:35 GMT2018-01-22T19:11:35Z

Philly companies are optimistic about 2018 economy but also cite the tightening labor market as a concern.



MoviePass offers low-cost movies while it collects consumer information

Mon, 22 Jan 2018 19:04:16 GMT2018-01-22T19:04:16Z

The more movies MoviePass subscribers see, the more data the company rakes in. And that's where the real dough is.



With Eagles win, Philadelphia and a region erupts

Mon, 22 Jan 2018 18:02:47 GMT2018-01-22T18:02:47Z

Eagles fans celebrated Sunday night as they processed what a few weeks ago seemed impossible. Their team was going to the Super Bowl. The city streets filled with people in an impromptu celebration. Fireworks erupted over South Jersey. An entire region anticipated the Eagles' first Super Bowl game in 13 years.



Creditors attempt to put nursing home into bankruptcy

Mon, 22 Jan 2018 16:35:35 GMT2018-01-22T16:35:35Z

Three unsecured creditors have filed an involuntary bankruptcy petition against a New Castle, Del., nursing home that is part of a chain of 22 facilities, mostly in Pennsylvania, that were put into receivership in September by their landlord.



60-plus applicants appeal pot cultivator license rejections

Mon, 22 Jan 2018 14:45:57 GMT2018-01-22T14:45:57Z

COLUMBUS, Ohio (AP) - More than 60 companies have filed appeals after the state rejected their applications for medical marijuana cultivation licenses.



Chester Co.'s powerhouse mushroom farms have a new vision to expand: growing veggies indoors

Mon, 22 Jan 2018 11:44:20 GMT2018-01-22T11:44:20Z

Green crops could provide a salad of salvation for the mushroom industry, which hopes to create the indoor ag equivalent of Silicon Valley, with Southeastern Pennsylvania becoming a worldwide hub of research, training, and advocacy.



Want to bet against U.S. Treasurys? These ETFs make the trade easy for investors

Mon, 22 Jan 2018 11:42:43 GMT2018-01-22T11:42:43Z

There are about 19 inverse bond ETFs, and among the most popular are TMV, TBT and PST. But they are not cheap, with expense ratios of between 0.90 percent and 1.00 percent.



How a Philadelphia Amazon HQ2 would affect your rent

Mon, 22 Jan 2018 11:42:09 GMT2018-01-22T11:42:09Z

In Philadelphia, average annual rent growth for the last decade or so has hovered around 3 percent. Apartment List predicts an influx of Amazoners would drive up rents an extra 0.6 to 0.8 percent, meaning local renters would pay up to $6,500 more over 10 years.



Amazon to debut cashier-less store in downtown Seattle

Mon, 22 Jan 2018 01:18:09 GMT2018-01-22T01:18:09Z

SEATTLE (AP) - Amazon employees have been testing it, but is the public ready for a cashier-less store?



Ex-Revel customers tell what they want in new Ocean Resort

Sun, 21 Jan 2018 20:08:37 GMT2018-01-21T20:08:37Z

ATLANTIC CITY, N.J. (AP) - There were many reasons why Atlantic City's former Revel casino failed after little more than two years in business, including its choking debt, an oversaturated casino market in the northeastern U.S., and a fundamental misreading of their main clientele.



Average US gas price jumps 4 cents to $2.58 for regular

Sun, 21 Jan 2018 19:46:28 GMT2018-01-21T19:46:28Z

CAMARILLO, Calif. (AP) - The average price of a gallon of regular-grade gasoline jumped 4 cents nationally over the past two weeks to $2.58.



PennEast shale-gas pipeline gets key U.S. permit; opponents vow to fight on

Sun, 21 Jan 2018 01:22:05 GMT2018-01-21T01:22:05Z

Despite federal approval, activists vowed to continue to fight the 120-mile pipeline connecting Pennsylvania to New Jersey.



Post-Sandy makeover maximizes waterfront views in Margate

Sat, 20 Jan 2018 10:23:38 GMT2018-01-20T10:23:38Z

The necessity of raising their house after Hurricane Sandy to avoid future floods became a catalyst for these Margate homeowners to do the whole house makeover they had long dreamed about.



Amazon's utterly predictable game of musical chairs | Opinion

Fri, 19 Jan 2018 20:10:34 GMT2018-01-19T20:10:34Z

Only Amazon could have turned the process into an extravaganza, as the news media cover the story with the breathless anticipation one usually associates with the opening of a new Star Wars movie.