Wednesday, August 20, 2014
Inquirer Daily News

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Genesis HealthCare Corp.'s proposed merger with Skilled Healthcare Group Inc., if completed as expected early next year, will mark the Kennett Square firm's return to the ranks of publicly traded companies after a seven-year absence.
The first things customers saw as they walked into the Modell's store on Chestnut Street late Tuesday afternoon were a display counter loaded with blue Taney Dragon T-shirts and the looming presence of Anthony Townsend.
Drugmaker AstraZeneca said Tuesday that the U.S. Justice Department had notified the British-based company that it was no longer investigating allegations of manipulation of clinical testing data for a key drug that the company hopes will eventually generate billions of dollars in revenue.
Behold the cascade of baby photos, the flood of funny kid anecdotes and the steady stream of school milestones on Facebook. It all makes Sonia Rao, a stay-at-home mother of a 1-year-old in Mountain View, California, "a little uncomfortable."
The Street: If Reuters is right and Shake Shack takes advantage of the seemingly unstoppable appetite among consumers and investors for new burger joints, I have a prediction: It will mark the top of the burger bubble, and if not burgers, certainly the market for restaurant IPOs.
The Street: It's so tough to judge hatred these days. I don't trust the put/call ratios, as there's so much behind-the-scenes basket-weaving that it's become more of a vestige. Short-selling figures don't add up, for the same reason. The investors' intelligence polling has done nothing to indicate the contempt. Nor have the margin positions.
Nearly $21,000 is missing after the cash fell from the roof of an armored truck that had picked it up from a soon-to-be-closed Atlantic City casino.
PhillyDeals: Offices of the Daily Local News (West Chester), the Daily Times of Delaware County and other suburban daily and weekly publishers are among the U.S. newspaper and Web site properties being offered For Sale by owner Digital Media Corp. and its brokers, the companies said today.
McDonald's plans to start selling its packaged coffee at supermarkets nationally by early next year, a move intended to help raise the profile of the coffee sold at its U.S. restaurants.
PhillyDeals: With the U.S. Postal Service posting big losses and charging higher fees, Com-Pak Services, a Moorestown direct-mailing company, says it has added two new NPI sorting machines and 50,000 sq. ft. to its plant (expanding to 125,000 sq. ft.), and plans 12 new hires to its current staff of 175.
A North Jersey business group on Tuesday unveiled a $1.17 billion plan to add two hotels with casino floors and conference facilities to the Meadowlands Sports Complex, which is already home to MetLife Stadium and Meadowlands Racetrack.
BEIJING (AP) - China announced Wednesday it will fine 12 Japanese auto parts suppliers a total of $202 million for colluding to raise prices in an unfolding anti-monopoly probe of the country's auto industry.
LOS ANGELES (AP) - Fewer U.S. homeowners are falling behind on their mortgage payments, a trend that has reduced the late-payment rate on home loans to the lowest level in six years, according to credit reporting agency TransUnion.
SALT LAKE CITY (AP) - A Utah restaurant where a woman unknowingly drank iced tea mixed with chemicals, and nearly died, was cited seven months earlier for improper food labeling.
BEVERLY HILLS, Calif. (AP) - Singer Ray J has pleaded not guilty to groping a woman at a Beverly Hills hotel bar and resisting arrest afterward.
Bowing to pressure from investors, PetSmart Inc. said Tuesday that it is considering putting itself up for sale.
WASHINGTON (AP) - The Obama administration is promising to change the way travelers can ask to be removed from its no-fly list of suspected terrorists banned from air travel.
Behold the cascade of baby photos, the flood of funny kid anecdotes and the steady stream of school milestones on Facebook. It all makes Sonia Rao, a stay-at-home mother of a 1-year-old in Mountain View, California, "a little uncomfortable."
U.S. home construction rebounded in July, rising to the fastest pace in eight months and offering hope that housing has regained momentum after two months of declines.
PhillyDeals: That's the title of the final installment of TheVerge.com's 'Comcast Confessions' series, based on interviews with 150 current or former Comcast installers, phone service workers and supervisors.