Monday, September 1, 2014
Inquirer Daily News

Business

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Foreigners who want to buy Alibaba Group shares in the Chinese e-commerce giant's U.S. public offering will need to get comfortable with an unusual business structure.
By the time Labor Day dawned, steamy and soggy on the Made in America concert site on the Parkway, union stagehand Colin Peters and his overnight crew had just about wrapped up dismantling the three miles of barricades.
The Street: The Congressional Budget Office has forecast the federal deficit at $506 billion during the current fiscal ending September. The deficit has gone down. That sounds positive in the short term and hugely negative in the long term.
The T-shirted battalions of union members showed up, as usual, for the annual Labor Day parade along the Delaware River waterfront.
The Street: According to the Bright Horizons Modern Family Index, nearly half — 48%— of all working parents fear their family obligations could get them fired. What are the realities? Here's a look at what's normal for working parents and what might cost you your job.
The Street: "There are some things I've been keeping from you," Jim Cramer told "Mad Money" viewers. So he went a little autobiographical to tell viewers how he came to make the markets his life and where he learned his most valuable lessons about money and investing.
Diane Mastrull: Among many enlightenments realized from the controversy over the "Speak English" sign at Geno's Steaks was this: The cheesesteak experience in Philadelphia is a situational one, varying from vendor to vendor and griddle to griddle. Now comes a former financial planner whose goal is to bring consistency to the recipe - with a franchise.
Sue Aistrop has been promoted to director of community services and RSVP/Philadelphia at Klein JCC in Northeast Philadelphia. She had been hunger-relief volunteer coordinator.
Al Ponessa has been appointed president of the Philadelphia Ship Preservation Guild, the nonprofit responsible for the care, maintenance and operations of Philadelphia's tall sailing ship, the Gazela Primiero, a 117-foot Barkentine acquired from Portugal in 1971, and the tug Jupiter. Ponessa served on nuclear submarines during his 28-year naval career, retiring as a captain. He is corporate improvement manager at Exelon Generation.
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.
KJH Inc., doing business as OK Cleaners, 201 Second Ave., Suite 114, Collegeville; Chapter 11; no schedules available.
MILWAUKEE (AP) - President Barack Obama says he'll press Congress to raise the minimum wage in the same way he courted his wife - never taking no for an answer.
RALEIGH, N.C. (AP) - North Carolina business recruiters offered Toyota more than $100 million in incentives for the world's largest carmaker to move its North American headquarters to Charlotte rather than a Dallas suburb, but still lost out to a Texas offer half that size.
MOSCOW (AP) - Pro-Russian rebels softened their demand for full independence Monday, saying they would respect Ukraine's sovereignty in exchange for autonomy - a shift that reflects Moscow's desire to strike a deal at a new round of peace talks.
NEW YORK (AP) - Among the stories David Muir will introduce during his first week as ABC's "World News" anchor is one he reported about a generation of Syrian refugees missing out on an education.
HELSINKI (AP) - Finnish utility TVO says construction of the country's fifth nuclear reactor has been delayed again, with the plant not expected to go online until 2018 - nine years later than initially forecast.
HELSINKI (AP) - Norwegian oil company Statoil says it will resume operations at a gas field in Algeria, 19 months after five Norwegian workers were killed in a terrorist attack there.
TOKYO (AP) - Sony is trying to woo Japanese game fans to the PlayStation 4 home console that went on sale in November in the U.S. and Europe, but didn't arrive at stores here until February.
AMSTERDAM (AP) - Dutch brewer Heineken NV says it has sold its packaging business in Mexico to Crown Holdings Inc. of the U.S. for $1.23 billion (940 million euros) to reduce debt.
When the phone call came, Anthony Reynolds, a big man with a ready laugh, cried like a baby. His ex-wife, living in Texas, had taken their son, 7, to a hospital for an important but minor procedure, and the hospital had turned them away. No insurance. She called. He cried.