Archive: April, 2013
Unisys Corp. would love to finish 2013 with flat revenue over 2012.
Well, that's going to be a tough slog after the Blue Bell information technology services company reported a 13 percent decline in revenues for the first quarter.
Revenue fell to $810 million from $928 million for the first three months of 2012.
Center City District president and CEO Paul R. Levy would like the city to set a goal of adding 50,000 to 100,000 jobs to its employment base by 2023.
The head of the special services district made the comment in presenting the organization's latest "State of Center City" report, which compares the downtown area of Philadelphia to the suburbs and other cities on a variety of measures.
Here is a link to the full report.
Thomas S. Robertson will resign as dean of the Wharton School, the prestigious business school at the University of Pennsylvania, in June 2014.
He made the announcement in a letter to the faculty Wednesday in which he said he intended to return to the school's marketing department to teach and pursue research.
"It is fulfilling to be Dean at Wharton – both exciting and challenging – and I believe that I have accomplished what I set out to do," Robertson wrote in the letter.
"Modest" is the word for the state of business activity in the Philadelphia region, according to the latest Federal Reserve Beige Book report.
With a few "moderates" thrown in to describe residential real estate sales and sales of new and used automobiles.
There is not much in the report that hasn't been said many times before since the financial crisis. The line that is sure tamp down enthusiasm for a pickup in the economy locally is: "Many contacts continue to hold off on their plans to expand capacity and hire more staff."
It’s bad enough when a stock loses 10 percent of its value over the course of one quarter. It’s even worse when the same stock loses twice that amount in one day.
As I wrote in the Sunday Inquirer, DFC Global Corp. was worst performer in terms of stock performance among the Philly 50 local stocks so far in 2013.
The 10.2 percent drop in the price of DFC’s common stock between Dec. 31 and March 28 came during a quarter when the Standard & Poor’s 500 index rose a robust 10 percent.