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Business news from the Inquirer.



Published: Sat, 21 Jan 2017 06:30:31 GMT2017-01-21T06:30:31Z

 



Trump Is Being Taken Seriously at Davos, But Not Literally

Sat, 21 Jan 2017 06:30:31 GMT2017-01-21T06:30:31Z

The word in Davos: Ignore the tweets. Executives gathered in the Swiss resort for the World Economic Forum this week kept repeating, like a soothing mantra, that President Trump is at heart a pragmatist who will avoid trade wars and regulations that make it harder to do business.



Bond analyst hopeful on Comcast growth

Fri, 20 Jan 2017 06:30:27 GMT2017-01-20T06:30:27Z

President-elect Donald Trump "has bashed [Comcast Corp.'s] NBC news as biased, inaccurate and bad" and cast contempt on Comcast's BuzzFeed pieces and Saturday Night Live skits. Trump even "went so far as to say he would not have allowed Comcast's acquisition of NBCUniversal," notes bond analyst Dave Novosel, in a report to clients of Gimme Credit LLC.



'Orphan drugs' bring big profits

Thu, 19 Jan 2017 06:30:20 GMT2017-01-19T06:30:20Z

More than 30 years ago, Congress overwhelmingly passed a landmark bill aimed at motivating drug companies to develop new medicines for people whose rare diseases had been ignored.



noonline

Wed, 18 Jan 2017 06:30:56 GMT2017-01-18T06:30:56Z

A bad day for bank stocks pulled the Dow Jones industrial average to its third straight loss Tuesday as many of the patterns that have propelled markets since Election Day last year snapped into reverse.



Caesars Approved to End Bankruptcy After Two-Year Legal Slog

Wed, 18 Jan 2017 06:30:22 GMT2017-01-18T06:30:22Z

Two years and two days after putting its largest unit into bankruptcy, Caesars Entertainment Corp. won court approval of a restructuring plan that cancels $10.5 billion in debt and deals new owners into the gambling giant's equity stack.



People on the Move

Tue, 17 Jan 2017 21:26:12 GMT2017-01-17T21:26:12Z

Congreso de Latinos Unidos, a Philadelphia nonprofit, has named Carolina Cabrera DiGiorgio president and CEO beginning in February. DiGiorgio served as board chair for two of her last seven years on the board and had been director of commerce for Montgomery County. She also was a business attorney at Stradley Ronon, where she specialized in real estate, finance, and nonprofit organizations.



Trump says German automakers will pay tariff on cars built outside U.S.

Tue, 17 Jan 2017 12:52:22 GMT2017-01-17T12:52:22Z

President-elect Donald Trump has threatened German automakers with a hefty import tax if they plan to sell cars in the United States that were built in other countries, repeating a claim that has shaken the global automotive industry and its biggest players at home and abroad.



Essilor to Buy Ray-Ban Maker Luxottica for About $24 Billion

Tue, 17 Jan 2017 06:30:26 GMT2017-01-17T06:30:26Z

The French lens maker Essilor International has agreed to buy Luxottica Group, maker of Ray-Ban sunglasses, for about $24 billion in stock, combining the largest manufacturer and retailer in eyewear.



Do I need premium gas? Al Haas answers readers' questions

Mon, 16 Jan 2017 20:44:49 GMT2017-01-16T20:44:49Z

Let's see what questions some of my readers have on their minds: Question: Do you have to use premium gas just because they suggest it? I am leasing a car, a Lexus ES 350. Could I use regular?



All around the towns, one last time

Mon, 16 Jan 2017 18:48:42 GMT2017-01-16T18:48:42Z

On the front page of Real Estate this week is the 215th and final entry in the "Town by Town" sweepstakes.



The Boardroom

Mon, 16 Jan 2017 18:45:01 GMT2017-01-16T18:45:01Z

Jessica Pritchard has been elected vice president and president-elect of the Bucks County Bar Association. She is a partner at Antheil Maslow & MacMinn LLP, Doylestown.



Jerry Schiano: millennials, immigrants will be mortgage growth sources

Mon, 16 Jan 2017 16:46:07 GMT2017-01-16T16:46:07Z

Someday - and Jerry Schiano is counting on it - a humongous hurricane of air will whoosh across the nation.



NEW PENN FINANCIAL LLC

Mon, 16 Jan 2017 16:40:03 GMT2017-01-16T16:40:03Z

Headquarters: Plymouth Meeting, founded in 2008 by Schiano. Business: Originates mortgages. Wrote $8 billion worth in 2016. Employees: 2,200.



A new kitchen/entertaining space that takes a backseat to none

Mon, 16 Jan 2017 15:37:17 GMT2017-01-16T15:37:17Z

It's easy to see why Lisa and Mark Hastings have stayed in their West Germantown twin for 29 years. Built about 1879 of Wissahickon schist, it's an inviting-looking house, one of about a dozen compact stone structures on a quiet, narrow street.



The charm of a New England village, in South Jersey

Mon, 16 Jan 2017 14:33:47 GMT2017-01-16T14:33:47Z

One in a continuing series spotlighting real estate markets in the region's communities. Had it not been for Haddonfield, Julie Beddingfield and her family might still be in Raleigh, N.C.



When tax abatements expire, property values don't suffer, study shows

Mon, 16 Jan 2017 14:32:48 GMT2017-01-16T14:32:48Z

Philadelphia's current housing boom is certainly attributable to the 10-year tax abatement, yet the very mention of it can lead to complaints that the abatement favors the very rich - both buyers and developers.



When a new fence fails to impress

Mon, 16 Jan 2017 14:31:55 GMT2017-01-16T14:31:55Z

Question: I recently had a new fence installed, and I am pretty unhappy about it. The wood quality is terrible, as if they used seconds.



Insider Transactions

Mon, 16 Jan 2017 06:30:27 GMT2017-01-16T06:30:27Z

Securities trades recently reported to the Securities and Exchange Commission by officers, directors, and principal shareholders of corporations based or having sizable employment in the Philadelphia area. Titles are as reported to the SEC.



At the Convention Centers

Mon, 16 Jan 2017 06:30:27 GMT2017-01-16T06:30:27Z

At the Convention Centers Conventions expecting 500 or more to attend.    Date Attendance    Pennsylvania Convention Center Philadelphia Home Show -



Bankruptcies in the Region

Mon, 16 Jan 2017 06:30:27 GMT2017-01-16T06:30:27Z

Pennsylvania Karla Chrystal Chavarria, doing business as Phoenix Heatlh Mngt., also known as Karla Chrystal Garrison, 1417 Redwood Lane, Wyncote;



Business Calendar

Mon, 16 Jan 2017 06:30:26 GMT2017-01-16T06:30:26Z

Treasury Auctions 4-week bills, Jan. 17; 3-month, 6-month bills, Jan. 16; 1-year bills, Jan. 31; 2-year notes, Jan. 24; 5-year notes, Jan. 25; 7-year notes, Jan. 26; 5-year TIPS, April 20; 10-year TIPS, Jan. 19.



JERRY SCHIANO

Sun, 15 Jan 2017 11:33:58 GMT2017-01-15T11:33:58Z

Home: Berwyn. Daughters: Angelina, 23, Natalie, 19, Juliana, 15, Elaina, 8. Diploma: C.W. Post Long Island University, marketing and economics.



Bargains abound in used car market

Sun, 15 Jan 2017 06:31:31 GMT2017-01-15T06:31:31Z

Looking for a deal on a used car? Now's a good time to buy. After years of climbing higher, used-car prices have been heading down. Last year, used-car prices declined about 4 percent on average compared with 2015, and the trend may continue for another year or two, industry watchers said.



Even cars that sit idle in winter should get oil changed

Sun, 15 Jan 2017 06:30:46 GMT2017-01-15T06:30:46Z

Question: I have a 2009 Dodge Challenger R/T with a Hemi engine. I have only 30,000 miles on it. I take it to the dealer yearly for the state inspection and the mechanic wants to change the synthetic oil every year. What is your opinion on this?



Pet Owners Ask . . .

Sun, 15 Jan 2017 06:30:41 GMT2017-01-15T06:30:41Z

Common questions answered on the website: My pet has diarrhea. What are the possible causes and treatments? My dog drinks a lot of water. Should I worry?



U.S. moves target auto industry

Sat, 14 Jan 2017 06:30:15 GMT2017-01-14T06:30:15Z

This is so much more than a parting shot. With a week to go before Donald Trump becomes president, the Obama administration has unleashed a final, multiprong effort on enforcement and regulation in the automotive industry, with Fiat Chrysler Automobiles now at the fore.



People on the Move

Fri, 13 Jan 2017 22:09:05 GMT2017-01-13T22:09:05Z

The Federal Reserve Bank of Philadelphia has announced the following promotions and appointments: Michael Dotsey to executive vice president and director of the research department, from vice president and senior economic policy adviser; Patricia Wilson t



Fiat Chrysler failed to disclose emissions software, EPA says

Fri, 13 Jan 2017 06:31:17 GMT2017-01-13T06:31:17Z

The U.S. Environmental Protection Agency on Thursday accused Fiat Chrysler Automobiles of cheating on its diesel emissions software to get better fuel economy for the Ram 1500 EcoDiesel pickup and other vehicles, allegations that CEO Sergio Marchionne quickly and forcefully disputed.



Barrier keeping Nasdaq firms off NYSE trading floor to finally come down

Thu, 12 Jan 2017 06:30:31 GMT2017-01-12T06:30:31Z

The New York Stock Exchange will finally let Nasdaq-listed companies such as Apple trade at its iconic Manhattan floor, breaking with decades of tradition.



The Boardroom

Mon, 09 Jan 2017 17:31:49 GMT2017-01-09T17:31:49Z

Greater Philadelphia public media provider and PBS/NPR member station WHYY has named Tracy Maeter to its board. Maeter is head of investment for the Mid-Atlantic region for JPMorgan Private Bank, managing client portfolios and developing new business.



Cruze sedan and hatchback: practical and economical

Mon, 09 Jan 2017 16:58:27 GMT2017-01-09T16:58:27Z

Practical and versatile, the cargo-friendly hatchback has long been popular in Europe. Not so in the United States, where its consumer appeal has been limited.



Settling down, for now at least, in an apartment next to family

Mon, 09 Jan 2017 14:41:53 GMT2017-01-09T14:41:53Z

In-law suites have their upsides, yet the often-carved-out spaces can be cramped and gloomy. Not Gerri Boyd's. When Boyd, 76, moved into her apartment in West Chester 10 years ago, she was instantly attracted to its bright and spacious design.



A place where many roads (and a few rails) lead

Mon, 09 Jan 2017 13:53:48 GMT2017-01-09T13:53:48Z

One in a continuing series spotlighting real estate markets in the region's communities. What road should you take to get to Upper Gwynedd?



Key Steps to a Tidier Desk

Mon, 09 Jan 2017 12:35:33 GMT2017-01-09T12:35:33Z

Throw out broken pencils, pens with no ink, receipts too faded to read, and all those packets of soy sauce and ketchup.



Insider Transactions

Mon, 09 Jan 2017 06:30:36 GMT2017-01-09T06:30:36Z

Securities trades recently reported to the Securities and Exchange Commission by officers, directors, and principal shareholders of corporations based or having sizable employment in the Philadelphia area. Titles are as reported to the SEC.



How to Organize Your Home

Mon, 09 Jan 2017 06:30:34 GMT2017-01-09T06:30:34Z

Use under-the-bed storage containers. Replace bulky plastic and wooden hangers with slim hangers. Keep mail in one place. Install drawer organizers.



At the Convention Centers

Mon, 09 Jan 2017 06:30:34 GMT2017-01-09T06:30:34Z

At the Convention Centers Conventions expecting 500 or more to attend.    Date Attendance    Pennsylvania Convention Center Big Philly Beer Festival1    Jan. 13-14   7,500   



Business Calendar

Mon, 09 Jan 2017 06:30:33 GMT2017-01-09T06:30:33Z

Treasury Auctions 4-week bills, Jan. 10; 3-month, 6-month bills, Jan. 9; 1-year bills, Jan. 31; 2-year notes, Jan. 24; 3-year notes, Jan. 10; 5-year notes, Jan. 25; 7-year notes, Jan. 26; 10-year notes, Jan. 11; 30-year notes, Jan. 12; 5-year TIPS, April 20; 10-year TIPS, Jan. 19.



Bankruptcies in the Region

Mon, 09 Jan 2017 06:30:33 GMT2017-01-09T06:30:33Z

Pennsylvania David L. Siegler, doing business as Siegler Associates, 2983 Sheffield Dr., Plymouth Meeting, Chapter 7; no schedules available.



Kathie Morgan

Sun, 08 Jan 2017 06:31:52 GMT2017-01-08T06:31:52Z

Katharine "Kathie" Morgan, 54, doesn't like to think she was a bad mother. But one day, when her son, now 17, was a toddler, she lifted him into her shopping cart's big basket and wheeled him through the supermarket.



Auto review: Harley-Davidson's new Ultra Limited is beating with a brand-new heart

Sun, 08 Jan 2017 06:31:48 GMT2017-01-08T06:31:48Z

Harley-Davidson isn't called the Motor Company for nothing. The venerable American motorcycle maker, the nation's dominant brand, builds some of the best power plants on the planet.



Motormouth: New wheels need lug nut retightening

Sun, 08 Jan 2017 06:30:54 GMT2017-01-08T06:30:54Z

Question: Whenever I have wheel or tire work done, the shop always makes a note on the repair order to return after 50 to 100 miles to have the lug nuts retightened. Is this necessary, or are the tire dealers just covering their butts in case of a screw-up? It is hard to believe that lug nuts properly tightened with a torque wrench would work loose. If they did, why wouldn't they work loose again in the next 50 to 100 miles? Wouldn't continually checking them be ludicrous?



Suggestions for saving Philly's heritage while guiding its future

Sun, 08 Jan 2017 06:30:52 GMT2017-01-08T06:30:52Z

I crossed paths with Paul Steinke for the first time in a long time at the topping-off ceremonies for One Riverside in late May.



Warming up a chilly crawl space

Sun, 08 Jan 2017 06:30:52 GMT2017-01-08T06:30:52Z

Question. What is the best way to heat the crawl space under my first floor? The house is very old and has a dirt floor about three feet under the flooring, and the walls are stone. Total size is 15 feet by 20 feet.



ASTM INTERNATIONAL

Sun, 08 Jan 2017 06:30:46 GMT2017-01-08T06:30:46Z

Where: West Conshohocken Business: Convenes committees to establish voluntary standards for toys, petroleum, piping, consumer products, steel, cement, textiles, tires, playground equipment and more in 90 sectors; training, proficiency testing and certifications.



Refinishing Your Wood Floors

Sun, 08 Jan 2017 06:30:46 GMT2017-01-08T06:30:46Z

Wood floors can't be beaten for durability, but kids, pets, furniture, and everyday dirt can spoil a floor's appearance or cause damage, and sunlight can yellow or fade floor finishes. At some point you will need to refinish your floors. That's when things get messy. And inconvenient. And expensive.



Business Calendar

Sun, 08 Jan 2017 06:30:46 GMT2017-01-08T06:30:46Z

Treasury Auctions 4-week bills, Jan. 10; 3-month, 6-month bills, Jan. 9; 1-year bills, Jan. 31; 2-year notes, Jan. 24; 3-year notes, Jan. 10; 5-year notes, Jan. 25; 7-year notes, Jan. 26; 10-year notes, Jan. 11; 30-year notes, Jan. 12; 5-year TIPS, April 20; 10-year TIPS, Jan. 19.