Tuesday, August 4, 2015

POSTED: Thursday, September 10, 2009, 8:21 AM

As various economic statistics and surveys point to better days ahead, the growing mortgage foreclosure rate reminds us that some problems get worse before they get better.

In fact, economists and analysts who track the housing sector say defaults and foreclosures may only be getting started.

How can this be with two successive administrations and Congress pushing lenders to modify the terms of mortgages taken by borrowers who are headed for foreclosure?

POSTED: Wednesday, September 9, 2009, 2:05 AM

Those who are still driving clunkers tend to want to nurse them along, repairing them until a mechanic tells us there’s no choice but to get some new wheels.

At least, that what we say. But do we do what needs to be done to keep our cars rolling?

The business research firm Frost & Sullivan surveyed 1,085 people about regular vehicle maintenance and finds that we’re changing our oil and getting brakes inspected less frequently than we did in 2006.

POSTED: Tuesday, September 8, 2009, 12:07 PM
Filed Under: Pharma, Biotech

Wednesday will be a big day for GlaxoSmithKline P.L.C. and Merck & Co. Inc.

Both companies will go before an advisory panel of the Food and Drug Administration over two human papillomavirus vaccines to prevent cervical cancer. Certain types of HPV can cause cervical cancer; others can cause genital warts.

Big money is at stake. Merck has been selling its Gardasil for three years. In 2008, Gardasil generated worldwide sales of $1.4 billion.

POSTED: Tuesday, September 8, 2009, 5:34 AM
Filed Under: Management, workplace

Reader reaction to my column last week on buzzwords was swift, insightful and, often, very funny.

No one sought to defend the use of corporate-speak that obscures clarity. In fact, several who work in corporate communications indicated that they’d be sending my diatribe to others in their organizations, hoping that the prime offenders would see the error of their phrases.

One reader said “corporate communications” itself is a misnomer: “Most companies seem determined not to communicate anything at all.”

POSTED: Friday, September 4, 2009, 2:05 AM
Filed Under: Pharma, Biotech | Technology

Good-bye, Isolagen Inc. Hello, Fibrocell Science Inc.

In mid-June, the Exton-based Isolagen sought to reorganize its finances under Chapter 11 of the U.S. Bankruptcy Code.

The company had run out of cash at a critical point in its development: Its experimental wrinkle treatment is undergoing review by the Food and Drug Administration.

POSTED: Thursday, September 3, 2009, 2:05 AM

Lots of people complain that there’s not enough disclosure about executive pay.

But if you read a proxy statement, you’ll see a ton of disclosure. Whether it makes sense is the real issue.

Earlier this week, Dollar Financial Corp. said it approved cash bonus awards to its top management after the Berwyn-based operator of 1,206 check-cashing stores achieved its financial performance goals for its fiscal year ended June 30.

POSTED: Wednesday, September 2, 2009, 6:15 AM

The federal government’s Cash for Clunkers program convinced many consumers to part with thousands of dollars, helped car makers move new metal, and got gas guzzlers off the road.

So, people wonder, can such success be replicated with other products?

We’ll find out this fall with a program that will provide federal rebates to people who buy energy-efficient appliances, such as freezers and refrigerators, or new heating and cooling systems.

POSTED: Tuesday, September 1, 2009, 5:45 AM

The often raucous health-care reform town halls may have grabbed a lot of attention, but both sides of the debate over climate-change legislation pending in Washington are ramping up their own PR machines.

On Thursday, a group called Energy Citizens will hold a rally for jobs and affordable energy in Chester. It is one of 19 stops for this dog and pony show, which started in Houston Aug. 18.

Organizers say the goal is to give “voice to Americans’ concerns” about the impact that cap-and-trade legislation, passed by the House of Representatives in June, would have on jobs and businesses.

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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