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Business headlines from Philly.com.



Published: Thu, 17 Aug 2017 21:15:40 GMT2017-08-17T21:15:40Z

 



Ellis Gerson Wachs, 88, Charming Shoppes executive and mentor

Thu, 17 Aug 2017 21:15:40 GMT2017-08-17T21:15:40Z

He helped build the Charming Shoppes company from the ground up and despite being color-blind, chose the merchandise for the stores.



US stocks tumble to worst loss in 3 months in broad selling

Thu, 17 Aug 2017 21:09:58 GMT2017-08-17T21:09:58Z

NEW YORK (AP) - U.S. stocks plunged Thursday as losses for Cisco Systems hurt technology companies while Wal-Mart declined after its latest quarterly report. Banks also dropped as bond yields and interest rates sank for a second day.



It's tough to find workers, but robots aren't yet a substitute, guards boss says

Thu, 17 Aug 2017 21:07:43 GMT2017-08-17T21:07:43Z

Allied Universal, with a headquarters in Conshohocken, has shifted from buying other big guard firms toward plowing more cash into surveillance technologies that could extend the reach of its guards.



Lawsuit: Poland Spring Water is committing 'colossal fraud'

Thu, 17 Aug 2017 21:00:05 GMT2017-08-17T21:00:05Z

A lawsuit claims that Poland Spring Water is deceiving consumers with evergreen labels that say their bottle contains "100 percent natural spring water" that hails from Maine.



What happens to the grid when solar power goes dark during the eclipse?

Thu, 17 Aug 2017 20:53:20 GMT2017-08-17T20:53:20Z

Monday's eclipse will shed light on a mystery for electric utilities: Exactly how much rooftop solar power is connected "behind the meter"? They expect a demand surge as solar panels take a nap.



Veracen says it will hire 60+ at Berwyn fund group

Thu, 17 Aug 2017 20:49:21 GMT2017-08-17T20:49:21Z

The firm says it has inked a partnership with France-based Linedata Servcies SA, a publicly-held software and services company, to use its platform.



Georgia firm acquires Bridesburg appliance recycler, will employ 60

Thu, 17 Aug 2017 20:46:28 GMT2017-08-17T20:46:28Z

Recleim says it will use the plant to "de-manufacture" heating, ventilating, air conditioning, and vending equipment.



American Airlines to begin nonstop flights from PHL to Budapest and Prague and restore a daily nonstop flight to Zurich

Thu, 17 Aug 2017 20:44:36 GMT2017-08-17T20:44:36Z

The summer seasonal flights will begin May 4 and be scheduled to Oct. 27, 2018.



Philadelphia street has a Confederate era past. Who is Roger Taney?

Thu, 17 Aug 2017 20:37:03 GMT2017-08-17T20:37:03Z

Taney Street was named for Dred Scott author, U.S. Supreme Court chief justice Roger B. Taney



EpiPen maker finalizes settlement for government overcharges

Thu, 17 Aug 2017 20:36:09 GMT2017-08-17T20:36:09Z

TRENTON, N.J. (AP) - EpiPen maker Mylan has finalized a $465 million government agreement settling allegations it overbilled Medicaid for its emergency allergy injectors for a decade - charges brought after rival Sanofi filed a whistleblower lawsuit and tipped off the government.



Home ownership goals are down, but why?

Thu, 17 Aug 2017 19:38:53 GMT2017-08-17T19:38:53Z

A new survey from credit monitor Experian suggests that home ownership is not part of the plan for a growing segment of Americans.



Bicycle ramp coming to Ben Franklin Bridge in 2019

Thu, 17 Aug 2017 19:33:10 GMT2017-08-17T19:33:10Z

The Delaware Valley Port Authority approved Wednesday a $7.8 million renovation that will add a ramp to the south walkway over the bridge at its New Jersey terminus.



Delivery is the hot dining trend, but it's not for every restaurant

Thu, 17 Aug 2017 19:13:34 GMT2017-08-17T19:13:34Z

It allows restaurants to reach customers who don't want to eat out, but also don't want to cook.



American Airlines trims seats by 4% in Philly, while promising new 2018 international flights

Thu, 17 Aug 2017 19:05:18 GMT2017-08-17T19:05:18Z

As an airline, American is growing only 1 percent across its network in the current quarter, trimming capacity at PHL and in Washington, New York, Los Angeles, and Phoenix while growing 4 percent in Chicago.



Crozer-Keystone's owner failed to put disputed $21.5M into escrow

Thu, 17 Aug 2017 18:09:50 GMT2017-08-17T18:09:50Z

The dispute between Crozer-Keystone Community Foundation and Prospect Medical centers on how much Prospect had to pay for the net working it capital it received when the deal closed last summer. Prospect has paid $32.93 million, The foundation claims it is owed an additional $21.5 million including interest.



Comcast, nation's No. 1 cable company, completes Xfinity Mobile rollout in U.S.

Thu, 17 Aug 2017 17:44:47 GMT2017-08-17T17:44:47Z

The new wireless phone service is now available everywhere Comcast has a cable franchise, and adds to its bundle of services including TV, high-speed internet, and regular phone. Charter, the nation's No. 2 cable company, says it could launch a wireless service next year.



Teva is said to ramp up sales with Medis, respiratory units

Thu, 17 Aug 2017 16:49:49 GMT2017-08-17T16:49:49Z

Medis, which draws on Teva's development and manufacturing capabilities to offer a portfolio of products and intellectual property to other drug makers, could be valued at $500 million to $1 billion, depending on which assets are included, the people said.



Education Works receives $500K Lenfest grant for youth workforce training

Thu, 17 Aug 2017 16:21:12 GMT2017-08-17T16:21:12Z

The foundation's money will help support the PowerCorpsPHL initiative, a program for those ages 18 to 26.



Old Crow Medicine Show rejuvenates a Bob Dylan classic at Philly Folk Fest

Thu, 17 Aug 2017 15:15:56 GMT2017-08-17T15:15:56Z

"Blonde on Blonde" earns a 50th-anniversary celebration from Old Crow Medicine Show at the Philly Folk Festival this weekend.



Private prisons: The secretive $5B industry growing under Trump

Thu, 17 Aug 2017 12:48:59 GMT2017-08-17T12:48:59Z

America's $5 billion private prison industry — with deep Philadelphia roots — faced possible ruin last year. It now thrives under the Trump administration.