Tuesday, September 1, 2015

Archive: August, 2009

POSTED: Monday, August 31, 2009, 2:05 AM
Filed Under: Management, workplace

Let’s start Monday with some business buzzwords:

Synergy. Think outside the box. Customer centric. On the same page.

All are words we hear 20 times a day at work. You’ll be happy to know that they’re among the most annoying or overused phrases as mentioned by 150 senior executives, too, in a recent poll by the temporary staffing service Accountemps.

POSTED: Friday, August 28, 2009, 5:24 AM

Anyone who follows public companies should be familiar with the Securities and Exchange Commission’s EDGAR online database.

Earnings reports, acquisitions and stock offerings are all disclosed in various filings. But since mid-March, the online system has also been providing more information about the financings of privately held companies.

To protect investors, federal and state securities regulators require any company selling securities privately to register with them or to notify them that their offering is exempt from registration.

POSTED: Thursday, August 27, 2009, 12:46 PM
Filed Under: Small Business

Sure, it's summer, but entrepreneurs generally spend more time on their business plans than vacation plans.

So grab your business cards and smart phone because the National Black MBA Association will bring its Entrepreneurial Institute City Tour to Philadelphia on Saturday.

The workshop will have two tracks - one geared toward those looking to start a business, the other for established small-business owners in a growth phase.

POSTED: Thursday, August 27, 2009, 10:55 AM
Filed Under: Financial Services

The number of "problem" institutions in the banking industry's keeps growing.

The Federal Deposit Insurance Corporation today released a tally of 416 troubled banks as of June 30, up from 305 at the end of March.

That statistic is contained the FDIC's Quarterly Banking Profile, released this morning. Regulators say the number of troubled banks is highest it's been since June 30, 1994, when 434 institutions on the list.

POSTED: Thursday, August 27, 2009, 5:36 AM

Add Pennsylvania’s coal-mine operators to those in Ohio, West Virginia and Kentucky who oppose the climate-change legislation pending in Washington.

The 26 member companies of the Pennsylvania Coal Association voted unanimously at its Aug. 19 annual board meeting to oppose the American Clean Energy and Security Act, which passed the House of Representatives and is before the Senate.

While environmental groups have been critical of some of the amendments made as being too favorable to the coal industry, the mine operators and mine workers union see the legislation as the biggest threat to their livelihood.

POSTED: Wednesday, August 26, 2009, 2:05 AM

The most memorable images generated by any assemblage of world leaders gathered to discuss economic issues are the street scenes outside the meeting.

Protesters march, often in creative costumes. Their signs tell the world to just say “no” to capitalism, greed and globalization.

It will be the same next month when the leaders of Group of 20 nations put Pittsburgh on the world stage. Organizers of the event would like the location to stand as a symbol of the rise, fall and rise of capitalism in Western Pennsylvania.

POSTED: Tuesday, August 25, 2009, 2:05 AM
Filed Under: Energy, Utilities

You and I call the Montenay Energy Resources operation near the Blue Route in Plymouth Township a “trash-to-steam” plant.

Covanta Holding Corp. calls it an “energy-from-waste” facility.

To-may-to, to-mah-to. Both are apt descriptions for an incinerator that runs day and night, burning household municipal and commercial waste to produce steam and generate electricity.

POSTED: Monday, August 24, 2009, 2:05 AM
Filed Under: Corporate Governance

Activist investors who agitate for change at public companies sometimes make a splash. Other times, they get dunked.

Charming Shoppes Inc. was the target of activist investors in 2008. They demanded and got board representation and a change in strategy at the Bensalem women’s apparel retailer. Over the last year, the owner of the Lane Bryant and Fashion Bug chains has restructured.

Looking at which local stocks have done the best since the S&P 500 index hit a low on March 9, I was surprised to see Charming Shoppes at the top of the list. Its shares, which closed at $5.71 on Friday, have rallied 1,090 percent. Not shabby for a member of the beaten-down retail sector.

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.

Mike Armstrong Inquirer Columnist
Also on Philly.com:
letter icon Newsletter