Business news in brief

PMC Property Group bought a four-block strip of land along John F. Kennedy Boulevard between 20th Street and the Schuylkill River, near an area of Center City that has seen a flurry of real estate activity in recent months. Four separate corporations sharing an address with PMC paid $28.5 million for the land on July 9, according to documents filed with city. PMC executive vice president Jonathan Stavin said the company intended to construct residential buildings on the property. The purchase, which includes three thin parcels along JFK and a large block fronting the river, covers nearly 305,000 square feet, according to a report by Jones Lang LaSalle. The seller was Garrison River City LLC in New York. - Jacob Adelman

Impax Laboratories Inc., a generic-drug manufacturer based in Haywood, Calif., eliminated 86 jobs in Philadelphia and Bucks County, according to a filing with the Pennsylvania Department of Labor and Industry and the company. Impax will close its packaging plant and warehouse on the 3700 block of Castor Avenue in Northeast Philadelphia. The company also will eliminate distribution jobs at its Chalfont facility, a company spokesman said on Tuesday. About 60 employees in back-office functions are expected to remain in Chalfont. - Bob Fernandez

The University of Pennsylvania Health System is scheduled to complete its acquisition of Lancaster General Health on Saturday, following reviews by the Pennsylvania Office of Attorney General and the Federal Trade Commission. As part of the deal, announced in April, Penn will appoint two people to the 14-member Lancaster General board, and three Lancaster General board members will join the 40-member Penn Medicine board of trustees. - Harold Brubaker

DuPont Co. cut its full-year profit forecast to adjust for the spinoff of its chemicals unit and the impact of lower crop prices, which are causing farmers to spend less on the company's pesticides and seeds. Operating earnings will be $3.10 a share in 2015, down from a prior forecast of $4, DuPont said on Tuesday in a statement. While most of the change is due to the July 1 spinoff of Chemours Co., DuPont said about 10 cents is attributable to weaker expectations for agriculture. The company's shares fell 1.5 percent, or 83 cents, to $55.90 a share. - Bloomberg News

If you are a food truck operator and want to be considered for inclusion in feeding the crowds expected to descend on the Benjamin Franklin Parkway on Sept. 26 and 27 for the World Meeting of Families festivities and the Mass celebrated by Pope Francis, credential applications are due Wednesday, according to FoodFellas L.L.C. FoodFellas is the exclusive provider for food-truck service management for the weekend event, expected to be attended by 1.5 million people. Credentials for security checks must be submitted to info@foodfellasllc by 10 a.m. Wednesday. They do not guarantee selection to participate. Additional qualification requirements will be communicated in the next 7-10 business days. FoodFellas an ticipates that all selected operators will be parked in designated areas of the parkway from Sept. 25 to 28. For credential forms, contact dan@foodfellasllc.com or call 215-866-6956. - Diane Mastrull

WOGL-FM (98.1), the top-rated classic hits station, has laid off weekday nighttime radio jock Bob Charger. "I was called into a meeting and they said we have this new guy coming in from CBS and he's cutting drastically," Charger said in an interview on Tuesday. A spokeswoman for CBS Corp., which owns WOGL and several Philadelphia radio stations, confirmed Charger was no longer with the station. Charger noted that WOGL would no longer employ full-time on-air talent from 6 p.m. to 6 a.m. A rep from CBS denied the claim. Last week, CBS announced that KYW vice president and general sales manager David Yadgaroff will replace Marc Rayfield as senior vice president and Philadelphia market manager. Yadgaroff will manage the company's six radio stations here, including WOGL. - Allie Volpe

The share of Americans who own their homes fell to the lowest level in almost five decades, extending a multiyear decline as families struggle to regain ground lost during the financial crisis and rentals gain favor. The U.S. homeownership rate was 63.4 percent in the second quarter, down from 63.7 percent in the previous three months, the Census Bureau reported Tuesday. It was the lowest reading since 1967. - Bloomberg News

Consumer confidence slumped in July by the most since August 2011 as Americans grew less upbeat about prospects for the economy, employment and their finances. The Conference Board's index retreated to 90.9 from June's 99.8, the New York-based private research group said Tuesday. The July reading was lower than the most pessimistic forecast in a Bloomberg survey of economists. It also marked the biggest negative surprise since February 2003. - Bloomberg News