Monday, April 27, 2015

Business

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City planners review Drexel, Pharma neighborhood projects
Picks 2 of Trian's 4 nominees
The Street: Taylor Murray was going bald and noticing that as his hairline was receding, so too were the number of clients that he had in the creative fields.
ATLANTIC CITY, N.J. (AP) - Another day, another difficulty for the new owner of Atlantic City's former Revel casino.
NEW YORK (AP) - Dan Fredinburg, a Google executive who described himself as an adventurer, was among the hundreds who died in a massive earthquake that struck Nepal on Saturday.
WASHINGTON (AP) - For 6½ years, the Federal Reserve has held its key interest rate near zero, and for nearly that long the financial world has speculated about when the Fed will start raising it.
PhillyDeals: Ron Jaworski Golf says it has bought Downingtown Country Club, for an undisclosed sum. The club includes a restaurant and catering venue and the golf course that once formed part of Mickey Rooney's Tabas Hotel (the hotel is now the Ashbridge Manor assisted-living facility).
Raquel Spatzier has been promoted to vice president of technology and business services at American Executive Centers, Philadelphia, responsible for the company's IT department. The former manager of technology and business services will continue to manage all areas of business-support services for the seven American Executive Centers locations.
Min S. Suh, partner, has been appointed chair of the Philadelphia law firm Obermayer Rebmann Maxwell & Hippel L.L.P.'s diversity committee. The committee focuses on recruiting and retaining diverse lawyers and staff, as well as other diversity initiatives within the firm. Suh practices immigration law.
Pennsylvania Vasos Inc., doing business as Overbrook Pizza, 2099 N. 63d St.; Chapter 11; no schedules available. Sang G. Park and Kyung S. Park, doing business as New Classic Cleaner, 504 Rennard St.; Chapter 7; no schedules available.
Securities trades recently reported to the Securities and Exchange Commission by officers, directors and principal shareholders of corporations based or having sizable employment in the Philadelphia area. Titles are as reported to the SEC.
U.S. stocks slumped on Monday as investors looked ahead to a flurry of earnings reports this week. Health care companies led the declines. It was a downbeat note after strong gains last week, capped by a record in the Nasdaq composite, 15 years after its dot-com era peak.
WASHINGTON (AP) - Interest rates on short-term Treasury bills were mixed in Monday's auction with the rate on three-month bills declining to the lowest level since early March, while the rate on six-month bills rose.
NEW YORK (AP) - Nelson Peltz gained a powerful backer Monday after the proxy advisory firm Institutional Shareholder Services said that change may be warranted at DuPont and recommended shareholders give the billionaire investor seats on its board.
FRANKFURT, Germany (AP) - Volkswagen's patriarch has left the building. Does this mean change is coming to the world's No. 2 automaker - in particular, to its high-cost ways of doing business?
NEW YORK (AP) - The home of the Whopper enjoyed its biggest sales jump in nearly a decade during the first quarter, boosted by a new flavor of its signature burger and a popular 2 for $5 promotion.
SANTA CLARA, Calif. (AP) - Applied Materials has called off its $9.4 billion acquisition of Tokyo Electron Ltd. after hitting a regulatory roadblock.
NEW YORK (AP) - Mylan N.V. rejected Teva Pharmaceuticals' $40.1 billion buyout offer, saying the cash-and-stock proposal undervalues the company.
NEW YORK (AP) - The U.S. stock market is opening moderately higher as investors prepare for a busy week of company earnings news.
Common Pleas court Judge Paul Panepinto Monday rejected a request that he reverse his $1 million sanction order against insurance defense lawyer Nancy Raynor, saying new evidence Raynor brought forward in a hearing in March was not credible.
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