Monday, December 22, 2014

Archive: December, 2010

POSTED: Wednesday, December 15, 2010, 6:43 PM
Filed Under: Technology

Little-known InfoLogix Inc., of Hatboro, will be acquired by Stanley Black & Decker Inc., which has some very recognizable brand names, in a deal valued at $61.2 million.

Stanley Black & Decker will pay $4.75 per share in cash for InfoLogix, a software developer. That's nearly $3 more than the $1.80 InfoLogix shares closed at on Wednesday. (The deal was announced after the market had closed.)

On first glance, power tools and software would seem to have little synergy.

POSTED: Wednesday, December 15, 2010, 11:27 AM
Filed Under: Economic Development

When we hear that the U.S. economy is expected to strengthen in 2011, as economists are now forecasting, the statistic they’re wielding is “gross domestic product.”

That’s the value of goods and services produced in a country each year.

But just as Philadelphia is a city of neighborhoods, so too is the United States a nation of metropolitan areas. Cars, vaccines, mutual funds, and social media websites are all dreamed up, designed, assembled, marketed, and distributed from some actual city or suburb. Thus, U.S. GDP is actually composed of lots of smaller gross metropolitan products.

POSTED: Tuesday, December 14, 2010, 12:55 PM
Filed Under: Manufacturing

I heard a common lament last week from readers after writing about weak U.S. job growth:

Companies don’t manufacture enough products in the United States.

That’s true for a lot of consumer products, but there are pockets of industrial products that are still made in the USA.

POSTED: Monday, December 13, 2010, 12:34 PM
Filed Under: Health-care Services

Community Health Systems Inc. is "probably the best equipped" company to take over and run Tenet Healthcare Corp., according to Gimme Credit LLC, a corporate bond research firm.

In a report Monday, Gimme Credit analyst Vicki Bryan noted Tenet's decade of below-average performance. While Tenet's earnings before interest, taxes, depreciation and amortization margin is 10.8 percent -- it's best in years -- that's still 30 percent below its hospital peers, Bryant writes.

In contrast, Community Health has been clicking along since its 2007 acquisition of Triad Healthcare Corp. for $6.4 billion.

POSTED: Wednesday, December 8, 2010, 2:05 AM

At this point in the economic recovery, the mythical “jobs machine” (standing near the imaginary “money tree”) ought to be stamping out shiny new positions for a ready-to-work citizenry.

After all, corporate profits, pegged at $1.66 trillion as of Sept. 30 by the federal Bureau of Economic Analysis, have already exceeded their pre-recession peak. And new jobs always follow the rebuilding of profits. That’s what the oracles - I mean, economists - have foretold.

However, as we saw in last Friday’s employment report, the job market may not be sick, but it isn’t well.

POSTED: Tuesday, December 7, 2010, 8:41 AM

West Pharmaceutical Services Inc. intends to close its plastic components manufacturing plant in Montgomery, which is near Williamsport in central Pennsylvania.

The decision, which the company said in a statement would "improve operating efficiencies," will cut about 170 jobs, starting in January. West said it will transfer production to other sites in the United States. Here's a list of its locations.

The company also said Tuesday that it will downsize operations in Cornwall in the United Kingdom, eliminating 150 full-time jobs over the next two years.

POSTED: Tuesday, December 7, 2010, 2:05 AM

While those who run venture capital funds may get more attention, angel investors invest in far more start-ups in a given year.

The National Venture Capital Association cites data from Thomson Reuters that show 728 companies obtained their initial investments from venture funds in 2009 - a total of $3.3 billion invested.

In contrast, 57,225 businesses raised $17.6 billion from 259,480 individuals in 2009, according to the Center for Venture Research at the University of New Hampshire.

POSTED: Monday, December 6, 2010, 11:11 AM
Filed Under: Financial Services

Many of us have pulled back on our use of credit over the last three years.

In my case, besides paying down more of what I owe, I decided not to use the credit card whose terms annoyed me the most.

For much of the last year, I have used just one credit card and find that holding to such a limitation has caused me to think twice before paying with plastic.

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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