Sunday, April 26, 2015

Business

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The speedy growth of Nicholas Schorsch's real estate empire of 4,000 Walmarts, Red Lobsters, and other chain locations stalled last fall, when his publicly traded investment firm, American Realty Capital Properties, admitted falsely inflating profits.
In Glover Park Group's ninth-floor offices on F Street in Washington, the Stop Mega Comcast Coalition met weekly on Thursday afternoons. It was there, in the lobbying firm's conference room, that the 29-member coalition plotted against Philadelphia-based Comcast Corp.'s $45 billion acquisition of Time Warner Cable Inc.
Treasury Auctions 4-week bills, April 28; 3-month, 6-month bills, April 27; 1-year bills, April 28; 2-year notes, April 27; 3-year notes, May 12; 5-year notes, April 28; 7-year notes, April 29; 10-year notes, May 13; 30-year notes, May 14; 10-year TIPS, May 14; 30-year TIPS, June 18.
More than 400 people from across the region were invited to learn how their businesses can benefit most when the World Meeting of Families takes place in September in Philadelphia.
As usual, the mourners, one by one, cast a single red rose into the Delaware River, one rose for each person killed on the job during the last year.
Bowing to regulator unease and a contentious environment in Washington, Comcast Corp. ended on Friday morning its yearlong quest to acquire Time Warner Cable Inc. for $45 billion, a deal that would have combined the nation's largest and second-largest cable companies.
American Airlines, Philadelphia's dominant air carrier, reported Friday a record $1.2 billion profit in the first three months of this year, mainly because of lower fuel prices.
The Street: If you're hesitant to give mom flowers for Mother's Day yet again this year - don't be. Flowers are nice. But if you'd like to buck the trend and give mom something longer lasting then a bouquet of daisies or brunch, you have options.
The Street: CBS may soon announce a start date for its Showtime streaming-only service, following similar offerings from Time Warner's HBO NOW and satellite-TV operator Dish Network's Sling TV as well as Netflix's aggressive expansion into producing and acquiring original content.
A chilly Saturday did little to stop the march of progress at Bryn Gweled Homesteads in Upper Southampton. There was a crowd at the tai chi class in the community center. Upstairs, Bill Dockhorn, his wife, Carol Wengert, and Jerry Smith sifted through 75 years of documents.
ATLANTIC CITY - The road to Revel was paved with good . . . wait, the road to Revel actually was paved last week.
WASHINGTON (AP) - The acting chief executive of the Clinton Foundation is acknowledging the global philanthropy made mistakes in how it disclosed its donors amid growing scrutiny as Hillary Rodham Clinton opens her presidential campaign.
FRANKFURT, Germany (AP) - Ferdinand Piech, chairman of the board of Volkswagen AG and a major figure in the German auto industry, has stepped down after clashing with other board members over his criticism of the company's CEO.
PORTLAND, Ore. (AP) - For decades, farmers have routinely fed antibiotics to livestock to fatten up the animals and protect them from illnesses amplified by confined conditions.
NEW YORK (AP) - In a story April 23 about Amazon, The Associated Press reported erroneously that its quarterly revenues came in below analysts' estimates. They came in above analysts' estimates.
RIGA, Latvia (AP) - European creditors turned up the heat on Greece Friday to deliver an economic reform program that it needs to avoid a possible default and even an exit from the euro.
NEW YORK (AP) - Roger Goodell says the two stadium projects in the Los Angeles area look promising enough to lead to the return of the NFL to the nation's second-largest city.
NEW YORK (AP) - Roger Goodell says the two stadium projects in the Los Angeles area look promising enough to lead to the return of the NFL to the nation's second-largest city.
American Airlines Group Inc. says it will delay delivery of five Boeing 787 jets in response to slower growth in international travel demand.
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