Kellogg plans to ship its cookies and crackers by tractor-trailers, from the factory to store-chain warehouse, cutting out its drivers and contractors. They are seeking compensation for their investments while bemoaning the end of another set of well-paying blue collar jobs.
The Pennsylvania State Employees' Retirement System agreed to hire Apollo Global Management LLC again even though it recently agreed to pay the pension fund $30,000 as part of a larger settlement for failing to properly disclose all the fees it extracted from companies it invests in. Apollo's billionaire partners include lead Sixers owner Josh Harris.
The $3.7 billion-in-yearly-sales, Berwyn-based company that makes hard plastics - the kinds used in iPhone cases, Lego bricks, car consoles and refrigerator liners - says it has agreed to pay $82 million in cash for soft-plastics maker API Applicazioni Plastiche Industriali SpA and its factory and research lab near Venice.
A managing director at a well-known China investment firm is "one potential source of the material nonpublic information about the DreamWorks acquisition" that illegally enriched a group of investors, according to the SEC.
ArcelorMittal's steel-plate plants in Coatesville and Conshohocken are among the industrial facilities that could benefit from the expansion of the U.S. Navy proposed in President Trump's budget guidelines if Congress decides to speed new ship construction.