Wednesday, April 1, 2015

Archive: December, 2009

POSTED: Monday, December 21, 2009, 11:40 AM
Filed Under: Business Services

Sure, the H1N1 influenza had a big impact on the global vaccine producers, including GlaxoSmithKline P.L.C. and Sanofi Pasteur Inc., in 2009.

But another sector is coming clean over its brush with the fast-spreading “swine flu”: the makers of promotional products for advertising purposes.

That’s right, the people who slap corporate logos on millions of pens and coffee mugs every year are gaga over bottles of hand sanitizer.

POSTED: Friday, December 18, 2009, 11:25 AM
Filed Under: Small Business | Technology

“Save your receipts” may be the rule in the workplace for getting reimbursed for expenses, but those slips of paper are just so much trash to a college student.

That’s what Drexel University student Bradley Ericson pondered as he observed transactions at the checkout counter at campus dining halls.

Students have a meal plan and tap it electronically by using their student identification card. But the cashier still hands over a printed piece of thermal paper. Soon after, that receipt winds up on the floor or counter.

POSTED: Thursday, December 17, 2009, 11:57 AM
Filed Under: Small Business

Small business is like apple pie.

You get a flavor of that in the speeches of every politician, including the president, who has been on a small-business kick in the last couple of weeks.

“These are companies formed around kitchen tables in family meetings, formed when an entrepreneur takes a chance on a dream, formed when a worker decides it’s time she became her own boss,” President Obama said Dec. 8th at the Brookings Institution.

POSTED: Wednesday, December 16, 2009, 12:55 PM

Just because the recession may be over doesn’t mean businesses are ready to sprint again.

In fact, after limping along for more than a year, most executives and board members of Philadelphia-area firms said they don’t expect “business as usual” for at least the next four years.

Such was the apprehension detected by the latest survey conducted by KPMG L.L.P.’s Audit Committee Institute.
I know President Obama is eager for “fat cat” bankers to turn on the loan spigots so that the nation’s small-business owners can hang up help-wanted signs and put all Americans back to work.

POSTED: Tuesday, December 15, 2009, 2:05 AM

The proxy contest between USA Technologies Inc. and several dissident shareholders has a new venue: federal court in Philadelphia.

The Malvern company that provides cashless-payment processing technology for vending machines last week postponed its annual shareholders meeting, set for Dec. 15, until June 15.

On Monday, shareholders Bradley M. Tirpak and Craig W. Thomas filed a civil lawsuit against USA Technologies and its board over the delay. Tirpak and Thomas, calling themselves Shareholder Advocates for Value Enhancement, have been seeking to place three people on USA Technologies’ board. (One of those nominees is Tirpak.)

POSTED: Monday, December 14, 2009, 8:34 AM

For the first time in nearly 30 years, Kulicke & Soffa Industries Inc. will be looking for a chief executive officer.

C. Scott Kulicke told the board of the Fort Washington maker of semiconductor-assembly equipment that he intended to retire at the end of June 2011, according to a filing with the Securities and Exchange Commission.

Kulicke, 60, has been CEO since 1980. If that sounds like a long time to helm just about any organization, let me put it this way: The Philadelphia Phillies have had 11 managers since then.

POSTED: Friday, December 11, 2009, 9:29 AM

Michael Rubin, who built a global business in King of Prussia by selling stuff online for big-name retailers, says he underestimated how huge Internet sales would become.

And he tips his hat to Inc. and its chief executive officer, Jeff Bezos, for that.

Reid Kanaley @ 9:29 AM  Permalink | 0 comments
POSTED: Thursday, December 10, 2009, 10:46 AM

The latest Livingston Survey came out yesterday in Philadelphia. For 63 years, the semiannual report has taken the temperature of a panel of economists to predict gross domestic product, unemployment, inflation, interest rates, and stock market trends.

The new results are a mixed bag, predicting slow growth, low-grade inflation, and a flat stock market for the year to come.

It’s not much to crow about, but this group apparently isn’t seeing any cliffs on the path ahead, either.

Reid Kanaley @ 10:46 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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