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Inquirer Business

Business news from the Inquirer.

Published: Wed, 26 Oct 2016 05:32:51 GMT2016-10-26T05:32:51Z


Legos help rebrand Plymouth Meeting Mall

Wed, 26 Oct 2016 05:32:51 GMT2016-10-26T05:32:51Z

What do you have when you mix tons of kids and 50,000 Lego pieces outside a mall? A groundbreaking for a new attraction designed to generate traffic at a time when the American mall is reinventing itself as a shopping and entertainment venue.

TD Bank drops Tierney Commuications as lead ad agency

Wed, 26 Oct 2016 05:31:19 GMT2016-10-26T05:31:19Z

TD Bank is preparing to hire a new lead ad agency, displacing Interpublic Group's Tierney Communications office in Cherry Hill, both companies say.

Longterm insurers leave customers in a costly bind

Tue, 25 Oct 2016 13:33:41 GMT2016-10-25T13:33:41Z

The expected, potentially record-breakingly expensive liquidation of Penn Treaty American Insurance Co. of Allentown will likely boost costs for mainstream health insurers, who are pledged to bail out industry failures.

Philadelphia 100's CEO aims to be more 'millennial-friendly'

Tue, 25 Oct 2016 05:33:10 GMT2016-10-25T05:33:10Z

Sabre Systems' chief executive, Phil Jaurigue, will chair the 28th annual Philadelphia 100 winners gala Thursday and name this year's fastest-growing start-up companies.


Tue, 25 Oct 2016 05:31:19 GMT2016-10-25T05:31:19Z

HBO, the premium cable network that's home to Game of Thrones and John Oliver's Last Week Tonight, among other programming.

People on the Move

Tue, 25 Oct 2016 02:10:46 GMT2016-10-25T02:10:46Z

Mutual-fund giant Vanguard, Valley Forge, said John James will join the $3.8 trillion firm's senior leadership team as a managing director and head of human resources, responsible for overseeing employment, employee relations, corporate training, compensation, and benefits. James, who currently leads Vanguard's European business, will replace Kathleen Gubanich, who will retire at year end after a 30-year career with Vanguard.

An 1880s Victorian in Mickleton, now lovingly refreshed

Mon, 24 Oct 2016 17:59:03 GMT2016-10-24T17:59:03Z

Driving to a pumpkin patch with her kids one day in 1989, Jeanne McPeak happened upon their future home. For months, she and husband John McPeak had hunted for a large, authentic homestead for their growing family that had not already been "remuddled" - that is, insensitively remodeled.

Dalian on the Park takes up residence at former hotel site

Mon, 24 Oct 2016 12:41:32 GMT2016-10-24T12:41:32Z

If you've been in the Art Museum area looking for the Best Western hotel, you're too late. That spot, a few steps northeast of the Rodin Museum in a block bounded by Hamilton, 21st, 22nd, and Spring Garden Streets and Pennsylvania Avenue, is now home to Dalian on the Park, a $160 million mixed-use building with 293 rental apartments and, on much of the first floor, the new 55,000-square-foot Whole Foods Market, relocated from 20th Street and Pennsylvania Avenue.

Are middle-school videographers the fix for manufacturers' talent shortage?

Mon, 24 Oct 2016 11:34:12 GMT2016-10-24T11:34:12Z

The irony wasn't lost on Thomas "Tim" Rushton as he joined a crowd of 800 packed into SteelStacks, the entertainment venue raised on the bones of the old Bethlehem Steel plant in Bethlehem, which decades ago employed thousands in the industrial heart of the Lehigh Valley.

Finding out what fuels Mark Nikolich of Braskem America Inc.

Mon, 24 Oct 2016 10:37:44 GMT2016-10-24T10:37:44Z

When Braskem S.A. bought Sunoco Chemicals and its Marcus Hook plant in 2010, the future chief of its fast-growing Americas division came along with the deal.

The Boardroom

Mon, 24 Oct 2016 05:32:54 GMT2016-10-24T05:32:54Z

Main Line Health, Bryn Mawr, has elected the following members to its board of governors: Cynthia DeFidelto, who retired from Towers Watson as global account director; Michelle J. Hong, a lawyer and director of wealth planning in the Philadelphia office of Brown Bros. Harriman; and John L. Walsh, president and CEO of UGI Corp.

Insider Transactions

Mon, 24 Oct 2016 05:31:21 GMT2016-10-24T05:31:21Z

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, 24 Oct 2016 05:31:20 GMT2016-10-24T05:31:20Z

At the Convention Centers Conventions expecting 500 or more to attend.    Date Attendance    Pennsylvania Convention Center National Funeral Director

Business Calendar

Mon, 24 Oct 2016 05:31:19 GMT2016-10-24T05:31:19Z

Treasury Auctions 4-week bills, Oct. 25; 3-month, 6-month bills, Oct. 24; 1-year bills, Nov. 8; 2-year notes, Oct. 25; 3-year notes, Nov. 8; 5-year notes, Oct. 26; 7-year notes, Oct. 27; 10-year notes, Nov. 9; 30-year notes, Nov. 10; 5-year TIPS, Dec. 22; 10-year TIPS, Nov. 17.

Bankruptcies in the region

Mon, 24 Oct 2016 05:31:19 GMT2016-10-24T05:31:19Z

Pennsylvania Joanna Johnson-Harris, doing business as ARB Construction, 942 Argyle Rd., Drexel Hill; Chapter 7; no schedules available. Donovan Heat Treating Co. Inc., 7399 Tulip St., Philadelphia; Chapter 7; no schedules available.

Social Insecurity

Sun, 23 Oct 2016 19:07:47 GMT2016-10-23T19:07:47Z

Joe Rees, a retired factory manager and accountant in Bucks County, is another neighbor seeking to stretch his Social Security and pension pay.

Major Outdoor Merger

Sun, 23 Oct 2016 19:06:49 GMT2016-10-23T19:06:49Z

HAMBURG, Pa. - Folks from these parts love to hunt and fish - and maybe that's why Cabela's, with the slogan "World's Foremost Outfitter," dwarfs everything in the neighborhood.

He used to breathe new life into real estate; now he's reviving chaps and ammo bags

Sun, 23 Oct 2016 17:26:06 GMT2016-10-23T17:26:06Z

When a man is on the road a lot for work, he tires of filling his free hours in bars. At least Mike Balitsaris did.

How about a forward-looking plan for preserving the past?

Sun, 23 Oct 2016 12:16:04 GMT2016-10-23T12:16:04Z

On my bucket list before the roll is called up yonder is completing the doctorate in history in which I was engaged in 1980, when I answered the Sirens' song and came here.

The power of choice, 20 years later

Sun, 23 Oct 2016 10:36:16 GMT2016-10-23T10:36:16Z

A tectonic shift rattled the electric power industry 20 years ago, and still reverberates today: Pennsylvania ended utilities' monopoly over electricity generation, raising expectations of lower energy costs and enhanced consumer choices.

Prius Prime an 'ingenious piece of machinery'

Sun, 23 Oct 2016 05:33:41 GMT2016-10-23T05:33:41Z

Toyota, the high priest of hybridism, has done it again. It has come up with a new, improved version of its Prius plug-in hybrid that will do battle with the likes of the Chevrolet Volt.

Self-driving cars will be the best thing to happen to motorcycles

Sun, 23 Oct 2016 05:33:26 GMT2016-10-23T05:33:26Z

Self-driving technology promises to transform the auto industry as we know it. It may also change the business of selling motorcycles - but in a very different way.

Squealing steering indicates drive belt problem

Sun, 23 Oct 2016 05:31:49 GMT2016-10-23T05:31:49Z

Question: I have a 2009 Ford Focus. For about the last 18 months there is a squeal when I turn the steering wheel when starting out in the morning. It usually stops after a few minutes.

The right way to put that grill away

Sun, 23 Oct 2016 05:31:47 GMT2016-10-23T05:31:47Z

I use our outdoor gas grill year-round. In fact, after the blizzard in January, I made sure I shoveled all the snow away from the grill Sunday morning so I could use it to make hamburgers the following Tuesday night.

The APR may not be a useful disclosure

Sun, 23 Oct 2016 05:31:47 GMT2016-10-23T05:31:47Z

When the Consumer Financial Protection Bureau substantially changed mortgage-disclosure rules last year, it did not change the status of the annual percentage rate, or APR, as the system's disclosure centerpiece.

How the beBee social network aims to get you hired

Sat, 22 Oct 2016 13:49:13 GMT2016-10-22T13:49:13Z

For more than 30 years, University of Pennsylvania career services director Patricia Rose has helped anxious students find internships and jobs after graduation. In the age of social media, she says, job-seekers now must project a personal brand through a well-curated online presence, especially for positions in highly selective fields or the "gig" economy.

Gizmo Guy: Caution: Yamaha's RX-A3060 might break up your marriage

Fri, 21 Oct 2016 20:27:16 GMT2016-10-21T20:27:16Z

Unless you drop it off the roof, a well-built audio/video receiver pretty much lasts forever. And yet your gadfly of a Gizmo Guy has flitted through a bunch of receivers in his adult life - serially dating models both domestic and foreign - from a hand-me-down Fisher 500 and made-in-Philly (by my father and me) Dynaco Stereo 35 kit amp to exotic lovelies with such names as Sansui, Onkyo and Sony.

Investors group, while offering retirement-savings advice, seeks young blood, too

Fri, 21 Oct 2016 20:22:14 GMT2016-10-21T20:22:14Z

For Linda Mui of Wyndmoor, the American Association of Individual Investors is a great place to learn about stocks and meet other like-minded beginners in investing and allocating retirement assets.

Prepare your wallet for increased interest rates

Fri, 21 Oct 2016 19:50:39 GMT2016-10-21T19:50:39Z

For many consumers, it's easy to hit the snooze button when it comes to talk about the Federal Reserve's possibly raising short-term interest rates by one-quarter of 1 percent in mid-December. Who cares?

Honda Ridgeline: 'The holy grail' of midsized trucks

Fri, 21 Oct 2016 18:37:11 GMT2016-10-21T18:37:11Z

2017 Honda Ridgeline AWD RTL-E: Midsize trucks - a compromise from all angles? Price: $42,270 as tested. No options on test vehicle. (A bare-bones front-wheel-drive model can be had for as little as $29,475.)

Business Calendar

Fri, 21 Oct 2016 13:02:19 GMT2016-10-21T13:02:19Z

Treasury Auctions 4-week bills, Oct. 25; 3-month, 6-month bills, Oct. 24; 1-year bills, Nov. 8; 2-year notes, Oct. 25; 3-year notes, Nov. 8; 5-year notes, Oct. 26; 7-year notes, Oct. 27; 10-year notes, Nov. 9; 30-year notes, Nov. 10; 5-year TIPS, Dec. 22; 10-year TIPS, Nov. 17.


Fri, 21 Oct 2016 13:02:17 GMT2016-10-21T13:02:17Z

Where: Philadelphia. What: Company makes polypropylene, used to manufacture plastic. Product resembles pellets. Plants: Marcus Hook, Pa.; Neal, W.Va.; three in Texas.


Fri, 21 Oct 2016 13:02:16 GMT2016-10-21T13:02:16Z

Home: Greenville, Del. Family: Wife, Jennifer; Children, Kamren, 18, Brienna, 16. In the field: Still plays soccer; stopper (aka center fullback).

King of Prussia Mall adds 8 more retailers including Kneipp

Fri, 21 Oct 2016 13:00:22 GMT2016-10-21T13:00:22Z

Germans have entered that great bastion of American consumption known as the King of Prussia Mall. The mall's retail roster will grow by eight retailers this month alone, and prominent among them is Kneipp, a 125-year-old German company that made its North American debut Thursday. The brand is known for herbal and natural bath and beauty products.

Snider's art collection could raise millions for youth hockey foundation

Fri, 21 Oct 2016 11:26:42 GMT2016-10-21T11:26:42Z

Ed Snider died in the spring, but he is still raising money for his youth hockey organization. Sotheby's will offer for sale at auction in New York 17 works of art - 16 paintings and one print - that had been owned by Snider, who was chairman of the Flyers' parent company, Comcast Spectacor.

Teachers train to interest students in manufacturing careers

Thu, 20 Oct 2016 20:53:02 GMT2016-10-20T20:53:02Z

Nearly two dozen middle school teachers from Philadelphia, Bucks and Montgomery County began training Thursday in a project aimed at attracting students to careers in manufacturing. Sponsored by the Manufacturing Alliance of Greater Philadelphia working w

Gizmo Guy: Google's Pixel: Great battery life, connectivity, and it doesn't explode

Thu, 20 Oct 2016 14:13:42 GMT2016-10-20T14:13:42Z

The timing of the new Google Pixel phones debut is so apt it seems like an orchestrated plot. Hitting Verizon Wireless stores Thursday, the Pixels are popping out of the bushes barely a week after Samsung pulled its flagship, overheating Galaxy Note 7 from the market, leaving lovers of Samsung phones and their (Google-crafted) Android operating system feeling vulnerable and open to the option of changing horses mid-stream.

Penn meeting focuses on how to get more people to save for retirement

Thu, 20 Oct 2016 05:33:21 GMT2016-10-20T05:33:21Z

Worried that the city's elderly face lives of poverty, 75 policy makers, politicians, and others gathered at the University of Pennsylvania on Wednesday to talk about helping people more easily save for retirement while they are still working.

Incubator help coming for Delco small businesses

Thu, 20 Oct 2016 05:33:19 GMT2016-10-20T05:33:19Z

With job creation the ultimate goal, a public-private partnership unveiled Wednesday will bring new help to start-ups and small businesses in Delaware County by way of a tool more prevalent in cities.

Americans work 25% more hours than Europeans, study shows

Wed, 19 Oct 2016 05:32:41 GMT2016-10-19T05:32:41Z

Americans are addicted to their jobs. U.S. workers not only put in more hours than workers do almost anywhere else, they're also increasingly retiring later and taking fewer vacation days.

DreamWorks agrees to pay $50M to end no-poaching suit

Wed, 19 Oct 2016 05:32:40 GMT2016-10-19T05:32:40Z

Comcast Corp.'s DreamWorks Animation SKG has agreed to pay $50 million to resolve claims that it colluded with other animation studios to not hire one another's workers in California, where allegations of no-poaching pacts have plagued technology companies for years.

People on the Move

Tue, 18 Oct 2016 21:11:12 GMT2016-10-18T21:11:12Z

Valley Forge Casino Resort, King of Prussia, has named Eric Pearson as its new president and chief executive officer. Pearson most recently served as vice president of gaming and revenue enhancement at Foxwoods Resort Casino.

Supervalu to sell Save-A-Lot grocery chain to Onex for $1.37B

Tue, 18 Oct 2016 05:32:57 GMT2016-10-18T05:32:57Z

Supermarket operator Supervalu Inc. has agreed to sell its Save-A-Lot grocery business to Canada's Onex Corp. for $1.37 billion in cash, off-loading a discount chain at a time of heavy price competition in the United States.


Mon, 17 Oct 2016 21:06:33 GMT2016-10-17T21:06:33Z

Home: Wallingford. Family: Husband, Dan L. King; daughters, Sara and Rosa Bonilla, 25 and 21; stepsons, Josh and Andy King, 37 and 26.

The Boardroom

Mon, 17 Oct 2016 16:11:34 GMT2016-10-17T16:11:34Z

Ted Peters has been elected lead director of the board of Paycom Software Inc., an NYSE-listed company based in Oklahoma City. He joined the company's board in March 2014 and also serves as chairman of the firm's audit committee. Peters, the former chairman and CEO of Bryn Mawr Bank Corp., is currently chairman and CEO of Bluestone Financial Institutions Group.

Pa. braces for largest health insurance failure in U.S. history

Mon, 17 Oct 2016 15:51:03 GMT2016-10-17T15:51:03Z

Who pays for all the chain nursing homes that have spread across the U.S. as baby boomers age? Old folks, if they saved. Their loved ones, when they can afford it.

Will Philly join Wells Fargo boycott list?

Mon, 17 Oct 2016 14:50:53 GMT2016-10-17T14:50:53Z

California, Illinois, Ohio, Chicago, and Seattle say they have stopped depositing money with Wells Fargo, or hiring it to sell bonds, after the bank was forced to admit its aggressive sales-bonus policy encouraged thousands of workers to set up phony accounts - and bank bosses let the scams run for years.

'Franklintown' dream renewed north of Center City

Mon, 17 Oct 2016 13:56:10 GMT2016-10-17T13:56:10Z

When Kevin Flynn moved his business to a former taxi garage north of Center City's office district in 1983, his was one of just a few occupied buildings among blocks of vacant lots and abandoned warehouses.

Old-house appeal powers the redo of a young family's home

Mon, 17 Oct 2016 11:29:32 GMT2016-10-17T11:29:32Z

'Our kids have lots of energy," Stephanie Nicholson asserts. Fortunately, her son and daughter are growing up in a child-friendly twin in Overbrook Farms.

Lights, camera, how-to action keep Eastwood and its customers in touch

Mon, 17 Oct 2016 11:24:14 GMT2016-10-17T11:24:14Z

You don't have to know a carburetor from a catalytic converter to appreciate Eastwood Inc.'s story of entrepreneurial adaptation. It's a user's guide, if you will, to staying relevant in a business world where change is often required at a pedal-to-the-floor pace.