Monday, July 28, 2014
Inquirer Daily News


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Dave Ramsey: Where can I find mutual funds with a 12 percent rate of return?
A lawsuit filed in New York last year by a then-Vanguard Group Inc. tax attorney, and unsealed Friday, alleges that Vanguard has wrongly avoided paying federal and state income taxes since its creation.
In September, four groups of would-be bridge builders, led by multinational financial groups - Meridiam of France, Plenary Group of Canada, InfraRed Capital and John Laing Investments, both of Britain - and including American contractors will submit competing final proposals to PennDot to build 560 spans for the worn Pennsylvania road network.
Jeff Long could torture himself with "what ifs." Especially: What if that financial backer had come through with the $250,000 Long needed to sustain his ticket-outsourcing business for college sports events until critical mass was achieved?
There might be a stock market correction, but a full-blown bear market looks a long way off. So said prognosticator David Rosenberg, author of the daily research note "Breakfast With Dave," last week. Rosenberg was one of the few economists who called correctly for a recession in 2007.
Opportunity Finance Network, a Philadelphia-based conglomerate of 202 community-development financial institutions nationwide, hired Nancy Santiago Negrón as chief external-affairs officer. She served in several senior positions in the administration of P
Citizen Diplomacy International of Philadelphia, formerly the International Visitors Council of Philadelphia, a public/private partnership with the U.S. Department of State and the City of Philadelphia, has named Thomas Jennings, a partner at Hill Wallack L.L.P., Yardley, chairman. He replaces John W. Goldschmidt Jr., a partner at Ference & Associates L.L.C., who will remain on the executive committee.
Frederick "Ted" Peters, 64, chairman, president, and chief executive of Bryn Mawr Bank Corp., has made an entire career based on his success in Philadelphia's western suburbs.
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.
Pennsylvania NSM Properties Inc., 701 Ostrum St., Suite 302, Bensalem; Chapter 7; no schedules available. New Jersey Peter S. Tocco Building and Remodeling L.L.C., 403 Birchfield Dr., Mount Laurel; Chapter 11; no schedules available.
Classes in Fairmount and Queen Village teach youngsters and adults to be creative and to think outside the box.
SEOUL, South Korea (AP) - Samsung Electronics Co. says it is delaying sales of its first Tizen-powered smartphone.
TOKYO (AP) - Nissan's quarterly profit rose nearly 37 percent, helped by a favorable exchange rate and healthy sales in North America and China.
SEOUL, South Korea (AP) - The South Korean businessman who led Pyeongchang's successful bid for the Winter Olympics is set to return as head of the organizing committee for the 2018 Games.
NEWPORT NEWS, Va. (AP) - As the Obama administration weans the U.S. off dirty fuels blamed for global warming, energy companies have been sending more of America's unwanted energy leftovers to other parts of the world where they could create even more pollution.
BEIJING (AP) - Inc., operator of a popular Chinese Internet portal, said Monday it lost $45 million in the latest quarter while revenue rose 18 percent to $400 million.
WASHINGTON (AP) - University and college professors are complaining that government restrictions on the use of small drones are likely to stifle academic research.
RENO, Nev. (AP) - A total of 30 Charles M. Russell works fetched millions of dollars at auction in Reno, with one painting symbolizing the railroad's effect on American Indians drawing $1.9 million and another depicting a Native American chief selling for $1.1 million.
GENOA, Italy (AP) - The shipwrecked Costa Concordia cruise liner completed its final journey, reaching Genoa on Sunday where it will be scrapped.
It's difficult to think of a particular Bucks County borough without remembering Big Marty's.
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