Tuesday, July 22, 2014
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Meneko Spigner McBeth was raised no stranger to Japanese delicacies, indulging in handmade egg-and-cucumber sushi rolls as a young girl, a kid-friendly creation whipped up by her grandmother, a Japan native.
PhillyDeals: Reed Tech, the 1,000-worker, Horsham-based intellectual-property (IP) company that manages the U.S. Patent and Trademark Office's content-management software and advises inventors, engineers and lawyers on how best to apply, has completed its first-ever acquisition in its 48-year history, buying Minnesota-based PatentCore for a sum neither party will disclose.
Immediate government action is needed to stop U.S. corporations from avoiding federal taxes by shifting their tax domiciles overseas through deals known as inversions, the head of the U.S. Senate Finance Committee said on Tuesday.
American companies that merge with foreign competitors to lower their federal taxes also cut their state taxes, leaving states to mostly watch helplessly as their tax revenue drains away.
PhillyDeals: Can the private sector really borrow and build 560 bridges cheaper?
The Street: There's reason to be on edge as more news pours in about volatility in the the U.S. real estate market, with some especially sour news on the housing starts front. But a little analysis paints a more reassuring picture.
The Street: Hepatitis C virus (HCV), a chronic disease that affects millions of Americans, can be cured with a 12-week regimen of an oral medication. At a price of $1,000 per pill.
With wounds from the Great Recession still fresh, chastened Americans are hoarding more cash in their checking accounts than at any time in the last 25 years.
Delta Air Lines' subsidiary Monroe Energy L.L.C. has signed a five-year agreement with a Texas-based company, Bridger L.L.C., to receive 65,000 barrels of domestic crude a day at its oil refinery in Trainer, Delaware County.
US Airways canceled its daily nonstop flight to and from Tel Aviv, Israel, from Philadelphia on Tuesday because of the ongoing conflict between the Israeli military and Hamas fighters in Gaza. Other U.S., European, and Canadian airlines suspended flights, amid heightened concerns about air safety after a Malaysia Airlines jet was shot down last week over Ukraine, killing all 298 on board.
Do you want more service on your SEPTA train line? Would you like a bus route closer to your home?
DUBAI, United Arab Emirates (AP) - In Libya, militias armed with shoulder-launched missiles are battling for control of the country's main airport. In Africa, the entire Sahel region is awash with weapons that include portable air defense systems leftover from the ouster of Moammar Gadhafi.
LOS ANGELES (AP) - The interim CEO of the Los Angeles Clippers testified Tuesday that coach Doc Rivers told him he will quit if Donald Sterling remains the owner of the team.
The price of oil fell slightly Tuesday but experts see geopolitical tensions preventing any significant short-term declines.
OAKLAND, Calif. (AP) - The Athletics have agreed to a 10-year lease extension to stay in Oakland, the team and city officials announced Tuesday.
WASHINGTON (AP) - Senate Democrats prepared Tuesday to whack $1 billion from President Barack Obama's emergency spending request for the border, while leaving out policy changes Republicans have demanded as their price for agreeing to any money. The developments pointed to a hardening stalemate over the crisis in South Texas with lawmakers preparing to leave Washington for their annual summer recess at the end of next week.
NEW YORK (AP) - LinkedIn Corp. is spending $175 million to buy Bizo, a provider of advertising technology and measurement services aimed at professionals.
LOS ANGELES (AP) - Discover Financial Services' net income grew 7 percent in the second quarter as credit card spending and overall loans increased from a year ago. The results beat Wall Street's expectations.
REDMOND, Wash. (AP) - Microsoft Corp. CEO Satya Nadella painted an upbeat vision of the future Tuesday, saying that the next version of Windows will be unified across screens of all sizes and that two money-losing units - Nokia phones and Bing search - would become profitable in 2016.
ATLANTIC CITY - This resort faces the prospect of having four major vacancies on its famed Boardwalk come mid-September. The grim reality sank in July 14 when Trump Plaza issued layoff notices and targeted Sept. 16 as the date to cease operating as a casino.
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