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Inquirer Daily News

Archive: July, 2010

POSTED: Friday, July 30, 2010, 11:27 AM

Some economic statistics are just more understandable than others.

Weekly jobless claims? Pretty straightforward. Producer prices? Less so.

On Thursday, the U.S. Census Bureau released the latest edition of its annual County Business Patterns publication, which really has something for everyone.

POSTED: Thursday, July 29, 2010, 12:08 PM

We live in a world in which we’re all totally wired and technology is touted as the road to opportunity.

But opportunity for whom?

The latest release of an index that tracks wages for temporary help in the tech sector shows the advantage currently lies with employers, not employees.

POSTED: Wednesday, July 28, 2010, 10:28 AM
Filed Under: Pharma, Biotech

When a company wants to boost sales, the natural strategy is to offer incentives to a sales force to meet certain sales goals.

So why did GlaxoSmithKline P.L.C. just announce that it will no longer base bonuses of many of its 5,500-member sales staff on their individual sales targets?

The British pharmaceutical company said the change, to occur sometime during 2011, reflects feedback it’s gotten from doctors, hospitals, health plans, and other customers who want fewer sales representatives calling on them.

POSTED: Tuesday, July 27, 2010, 10:12 AM
Filed Under: Pharma, Biotech

While many keep waiting for a frothy mergers-and-acquisition market to return, it’s easy to overlook that deals are getting done.

Sometimes they’re initiated by quiet companies that don’t like to reveal too much information about themselves.

One such company is Colorcon Inc., of Harleysville, which said Monday it acquired Pharmaceutical Coatings Pvt. Ltd. in India. No terms of transaction were disclosed, and a couple phone calls to a Colorcon spokeswoman were not returned.

POSTED: Monday, July 26, 2010, 1:51 PM

When many of us think of exports, we probably picture huge container ships plying the Delaware River, not the Chinese student walking across the Drexel University campus.

However, both are examples of exports. One is a good, the other a service.

A study by the Brookings Institution scheduled to be released Monday says that metropolitan regions would benefit greatly if homegrown businesses would export just a little bit more. It would mean more jobs, and those jobs tends to pay better on average.

POSTED: Monday, July 26, 2010, 1:47 PM

When many of us think of exports, we probably picture huge container ships plying the Delaware River, not the Chinese student walking across the Drexel University campus.

However, both are examples of exports. One is a good, the other a service.

A study by the Brookings Institution scheduled to be released Monday says that metropolitan regions would benefit greatly if homegrown businesses would export just a little bit more. It would mean more jobs, and those jobs tends to pay better on average.

POSTED: Friday, July 23, 2010, 11:23 AM
Filed Under: Consumer Products

How the pretzel turns.

When we last left Snyder’s of Hanover Inc., the nation’s largest pretzel company was trying to buy a crosstown rival in the snack-food business, Utz Quality Foods Inc.

But in November, that deal apparently fell apart when the Federal Trade Commission asked for more details on the transaction.

POSTED: Thursday, July 22, 2010, 12:56 PM

Nearly eight months after the collapse of its acquisition of a potato-chip maker, Snyder's of Hanover Inc. will merge with the publicly held Lance Inc.

Snyder's, based in York County, signed a definitive agreement Thursday with Charlotte, N.C.-based Lance, which makes sandwich crackers, cookies and potato chips. It's a stock-for-stock deal that will lead to a new name for the combined company, Snyder's-Lance Inc.

The corporate headquarters will be in North Carolina, but a joint news release says that an additional headquarters will be in Hanover where certain corporate functions and leaders will be based.

About this blog
Mike Armstrong blogs about Philadelphia corporations and business-related topics. Contact him at 215-854-2980. Reach Mike at marmstrong@phillynews.com.

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