Wednesday, May 22, 2013
Wednesday, May 22, 2013

Business

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Talking Small Biz: Lucinda Duncalfe founded Real Food Works in 2012, a healthy meals subscription delivery company.
Hansjörg Wyss, who became a billionaire by building Synthes Inc. into a world leader in sales of medical devices to fix broken bones, made a second gift of $125 million to the Wyss Institute for Biologically Inspired Engineering at Harvard University.
PhillyInc: Poptent, the video-production outfit with a major office in Conshohocken that uses crowdsourcing to produce content, has named a new CEO.
Reassuring comments from a Federal Reserve official and better earnings from two big retailers helped push the stock market higher Tuesday.
The Pennsylvania Gaming Control Board has approved charges that non-resort guests must pay to gamble at a soon-to-open casino at a southwestern Pennsylvania resort.
The Street: Bringing back the complete separation of investment banks from commercial banks would not strengthen the U.S. financial system, but it would make future bailouts more likely.
Jamie Dimon, the CEO and chairman of JPMorgan Chase, easily survived a vote Tuesday that would have called on him to give up his role as chairman of the nation's largest bank. But shareholders sent a message that the bank needs better oversight by giving only narrow approval to three of the bank's board members.
Community Medical Center in Toms River has laid off 68 employees as it eliminated 85 positions.
PARIS - The man charged with reviving France's shrinking economy and attracting businesses to invest is gaining a reputation for doing the opposite.
Reassuring comments from a Federal Reserve official and better earnings from two big retailers helped push the stock market higher Tuesday.
Detroit auto factories are forgoing their traditional two-week summer break and speeding up production to meet buyers' growing demand for new cars and trucks.
When Ben Bernanke testifies about the U.S. economy Wednesday, the Federal Reserve chairman's words will be examined for any clues that the Fed might soon taper _ or increase _ its support for the economy.
Japan's trade deficit widened to a larger-than-expected 879.9 billion yen ($8.6 billion) in April as its weakening currency accentuated surging import costs.
Japan reports its trade deficit widened to a larger-than-expected 879.9 billion yen ($8.6 billion) in April as its weakening currency accentuated surging import costs.
FED WATCH: Stock indexes wobbled in early trading Tuesday, then turned higher just before noon. That's when news crossed that James Bullard, a Federal Reserve official, told an audience that the Fed should stick with its bond-buying effort to bolster the economy.
Stocks indexes hit new highs on Wall Street as investors bank on continued support from the Federal Reserve.
Corn is falling after U.S. farmers planted record amounts of corn last week, easing concern that earlier delays to planting would harm this year's crop.
Commerce Bank founder Vernon Hill 2d's golden parachute deflated Tuesday when a federal jury in Camden determined that it was "legally impossible" for the bank to pay him the $17.2 million he is owed on his employment contract.
Insights & Analysis
Diane Mastrull: Kip Anthony was a farm boy from the Midwest who went on to become a mechanical engineer at big companies doing big things. Then the small-business bug bit.
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