Thursday, July 2, 2015

POSTED: Wednesday, October 27, 2010, 12:24 PM
Filed Under: Pharma, Biotech

The biotechnology industry’s biggest convention will be coming back to Philadelphia in 2015.

The Biotechnology Industry Organization on Tuesday announced that Philadelphia would host its international convention, which draws more than 15,000 attendees.

The Washington-based group, which has about 1,100 members, last held its BIO event at the Convention Center here in 2005.

Mike Armstrong @ 12:24 PM  Permalink | 0 comments
POSTED: Tuesday, October 26, 2010, 2:16 PM
Filed Under: Pharma, Biotech

The Biotechnology Industry Organization plans to bring its international convention back to Philadelphia in 2015.

The group, which has about 1,100 members, last held its BIO event at the Convention Center here in 2005.

Pennsylvania Bio president Christopher P. Molineaux said in a statement that his statewide organization was "proud that Philadelphia has once again been chosen as the host city."

Mike Armstrong @ 2:16 PM  Permalink | 0 comments
POSTED: Tuesday, October 26, 2010, 9:03 AM

Penn State is ranked No. 1, but not in college football. Try credit cards.

A report released by the Federal Reserve Board of Governors on Monday said the central Pennsylvania university had the most open credit card accounts through a marketing agreement with its alumni association of any college or university in 2009.

Under the Credit Card Accountability Responsibility and Disclosure Act, credit card issuers must disclose details annually of their agreements and payments to colleges, their alumni associations or other higher education-related groups.

Mike Armstrong @ 9:03 AM  Permalink | 0 comments
POSTED: Monday, October 25, 2010, 9:17 AM

Women business owners in the Philadelphia area this week will get the chance to tell Washington what they’ve been facing in the post-recession era.

The Philadelphia Women’s Entrepreneurship Summit being held at the Marriott Philadelphia Downtown Tuesday between noon and 5 p.m. emerged from the White House Women’s Entrepreneurship Conference on Oct. 4.

A similar event held in Denver Oct. 19 attracted about 150 women business owners.

Mike Armstrong @ 9:17 AM  Permalink | 0 comments
POSTED: Friday, October 22, 2010, 2:18 PM
“To rise to the rank of CEO is quite an accomplishment. It’s something I’m very proud of and I’m very excited about.” -- Eileen McDonnell, president of Penn Mutual

I've made a big deal recently that the Philadelphia area soon will be home to three Fortune 500 companies with women as chief executive officers.

Three doesn't sound like a lot, but considering only 13 of all the Fortune 500 companies currently have a woman in the CEO role, I would almost call this region trend-setting.

After all, in the news business, three is a trend. So what does four make? A movement?

Mike Armstrong @ 2:18 PM  Permalink | 0 comments
POSTED: Thursday, October 21, 2010, 12:31 PM
Filed Under: Manufacturing

C&D Technologies Inc. began a debt-for-equity swap on Thursday in an effort to restructure its finances.

The Blue Bell maker of power systems intends to exchange all of its outstanding convertible senior notes for up 95 percent of the shares of its common stock.

The move comes one month after C&D disclosed that it would have to restructure its finances because the threat of being delisted by the New York Stock Exchange would trigger an acceleration in the payment of the principal amounts of those notes.

Mike Armstrong @ 12:31 PM  Permalink | 0 comments
POSTED: Wednesday, October 20, 2010, 9:18 AM
Filed Under: Economic Development

What a year the rejuvenated Navy Yard in South Philadelphia is having.

Tasty Baking Co. opened its new bakery last spring. Federal Reserve Chairman Ben Bernanke took a tour there in May. A research consortium led by Pennsylvania State University landed $129 million in federal funds in August to develop an “energy innovation hub.”

Earlier this week, we learned a bidder has been selected to develop a new marine terminal - the first in 50 years.

Mike Armstrong @ 9:18 AM  Permalink | 0 comments
POSTED: Tuesday, October 19, 2010, 8:52 AM
Filed Under: Economic Development

Sometimes I think what’s occurred in the job market over the last three years is similar to what happens to single-family homes each week on Extreme Makeover: Home Edition.

A house that may have stood for 60 years gets turned into rubble in what seems like two minutes. Then, the rest of the TV show is spent constructing something new and improved on the site.

Think of the financial crisis-induced recession as the equivalent of a demolition scene during which eight million jobs got crushed. The plans and renderings could stand in for the many fix-it measures implemented by the Bush and Obama administrations and the Federal Reserve.

Mike Armstrong @ 8:52 AM  Permalink | 0 comments
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Mike Armstrong blogs about Philadelphia corporations and business-related topics. Contact him at 215-854-2980. Reach Mike at

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