Monday, July 28, 2014
Inquirer Daily News


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PhillyDeals: This assault on Vanguard’s “at cost” operating principle could, if successfully challenged, have seismic implications for the fund industry and possibly put competitors on a more level playing field with Vanguard as far as costs are concerned.
The Street: Shareholders at Cheniere Energy, Gamco Investors, Oracle, Sandridge Energy and other firms with the highest paid chief executive officers might want to sell based on a study that shows that "CEOs' pay is negatively related to future stock returns for periods up to three years after sorting on pay."
A U.S. meat supplier said Monday a Chinese subsidiary embroiled in a safety scandal fell short of its requirements for maintaining high standards.
State officials say a central New Jersey company that sells home warranties used deceptive tactics to refuse consumers' claims for product repairs or replacement.
Red Lobster wants to be seen as a purveyor of quality seafood, so it's getting rid of some of its promotional discounts and plating dishes higher as is the style at fancy restaurants.
Fewer Americans signed contracts to buy homes in June, as the real estate market appears to have cooled off this summer.
As Herb Hodges explains it, the problem for serious table-tennis players in Philadelphia for years was finding a place to play.
The West Philadelphia Alliance for Children, a nonprofit that focuses on improving literacy in children by opening previously shuttered libraries in public elementary schools, has named David W. Brown executive director.
American Associates, Ben-Gurion University of the Negev, has installed Marla and Robert Zipkin as chairs of its Philadelphia chapter, succeeding Connie and Sam Katz.
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.
NSM Properties Inc., 701 Ostrum St., Suite 302, Bensalem; Chapter 7; no schedules available.
WASHINGTON (AP) - In a victory for airlines and their workers' unions, the House rejected consumers' complaints and passed legislation Monday letting airline advertising emphasize the base price of tickets, before taxes and fees are added.
WASHINGTON (AP) - A bipartisan deal to improve veterans' health care would authorize at least $17 billion to fix the health program scandalized by long patient wait times and falsified records covering up delays, the bill's chief supporters said Monday.
WASHINGTON (AP) - Smith & Wesson has agreed to pay $2 million to settle civil charges of bribing government officials in Pakistan, Indonesia and other countries to win military and police business.
The Federal Aviation Administration said Monday it is proposing a $12 million civil fine against Southwest Airlines for failing to comply in three separate cases with safety regulations related to repairs on Boeing 737 jetliners.
CONCORD, N.H. (AP) - New Hampshire is assuring residents of the nation's capital that they can purchase alcohol in the state despite a law that suggests otherwise. But cigarettes? Maybe not.
NEW YORK (AP) - Companies often blend old products to give you something new.
NEW YORK (AP) - Dollar Tree is stepping up its fight for penny-pinching customers. On Monday, the discounter said it would acquire rival discounter Family Dollar for $8.5 billion, making it the biggest player in the dollar store category. The acquisition comes as Wal-Mart Stores Inc. is going after lower-income customers with smaller stores. Despite their names, Dollar Store and Family Dollar vary in their business models.
Red Lobster wants to be seen as a purveyor of quality seafood, so it's getting rid of some of its promotional discounts and plating dishes higher as is the style at fancy restaurants.
The real estate search engine Zillow announced Monday it would acquire its rival Trulia for $3.5 billion in stock in a deal expected to close in 2015.
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