Thursday, January 29, 2015

Business

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The Berwyn location of Volvo dealer Keystone Motors, last remodeled 15 years ago, was ready for a tune up. That was clear from customer surveys, co-owner Irv Stein said.
Philadelphia city council on Thursday urged the state legislature to adopt rules to govern ride-share operators such as Uber and Lyft, and to include Philadelphia in any such legislation.
Residential real estate in the Philadelphia region saw falling prices and modestly rising sales in 2014's fourth quarter, according to an analysis by Drexel University economist Kevin Gillen released Thursday.
Stock market boosts endowments; list of Philly schools
WASHINGTON (AP) - Dropping oil prices aren't slowing a push from U.S. producers to ship their crude oil overseas and change a decades-long ban on exports.
ALLENTOWN, Pa. (AP) - Air Products and Chemicals Inc. says it's eliminated 500 positions over the last six months. The news came as the Allentown-based company reported fiscal first-quarter earnings of $324.6 million that topped Wall Street expectations.
According to SquareTrade, Seattle citizens are 11% "clumsier" than Bostonians in handling their phones. All in all, 23 million U.S. electronic device owners have damaged their phones and tablets during a sporting event, causing more than $2 billion in repairs and replacements.
Cargoes were up 16 percent in 2014 in the Port of Philadelphia, the fifth consecutive year for gains and a sign of an improving economy, officials said.
The Street: Ambler's Lauren Lerner was working a desk job and selling secondhand designer clothes on the side. 'On my third anniversary at PricewaterhouseCoopers, I knew my true calling and resigned from my position. I realized I was so busy doing my side business that I knew I could do it full time.'
The Street: Which job is the best? Banker? Lawyer? Doctor? Starting quarterback for the New England Patriots? While it might seem obvious to name jobs that are lucrative, a new report by Glassdoor, an online job review website, ranked the best jobs for 2015 and money is just one factor of many.
David Kessler, the former U.S. Food and Drug Administration commissioner, testified Wednesday that as a pediatrician, it "certainly is a red flag to me" that a Janssen Pharmaceuticals Inc. study of the use of its antipsychotic drug Risperdal in young children and adolescents, mainly boys, showed high rates of breast growth.
SAN FRANCISCO (AP) - Google has gotten into the habit of missing analysts' earnings targets, frustrating investors who believe the online search leader would be more profitable it wasn't pouring so much money into far-flung projects such as Internet-connected eyewear and driverless cars.
NEW YORK (AP) - Shares of Amazon.com jumped over 8 percent in aftermarket trading after the e-commerce giant beat quarterly profit expectations by a mile.
SAN FRANCISCO (AP) - The FBI has released photos made from surveillance video of three masked thieves stealing historic gold nuggets on display at a San Francisco bank museum after ramming a stolen SUV through its revolving door.
NEW YORK (AP) - Sunbeam is recalling about 34,000 Holmes-branded space heaters because they can spray hot oil and possibly cause household damage or injuries.
NEW YORK (AP) - Jones New York announced Thursday that it is closing stores, discontinuing its wholesale business and will look at strategic alternatives for its brand.
LOS ANGELES (AP) - For some video games, what's old is new again.
CAMP HILL, Pa. (AP) - Rite Aid's revenue from established stores climbed nearly 5 percent in January, as pharmacy sales advanced despite a hit from cheaper generic drugs.
LOS ANGELES (AP) - William Shatner is back as a shrewd, unflappable travel expert in his latest TV commercial for an online company.
The long-delayed, $150 million makeover of the busy subway complex beneath City Hall will begin early next year, a top SEPTA official said Wednesday.

Nominations are open for Philly.com's annual Top Workplaces survey. To nominate a company or organization, click here or call (484) 323-6270 by Oct. 24. To see last year's winners, click here.

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