Shares of DuPont Co. rose 4.6 percent on Monday - topping the Dow Jones industrial average and landing at No. 2 on the S&P 500 - as traders applauded the decision by Institutional Shareholder Services (ISS), a Maryland-based advisory firm, to back billionaire activist Nelson Peltz's antimanagement campaign to join the Wilmington industrial giant's board.
The old bronze-doored art deco headquarters building on Philadelphia's Washington Square is condos now. But the words, wrought by copywriters and blazoned on TV and magazines by art directors at the pioneering ad agency N.W. Ayer & Son (1869-2002) still echo:
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.
One of my sons, who rides SEPTA's Subway- Surface Lines to work, wanted to know: "Why do all the trolleys have their own WiFi networks," each of them password-protected, and tantalizingly visible to connection-starved users as they stare at their mobile- network availability screens?
Apartment investors hope to fill in another vacant lot to squeeze more profit from the Center City residential revival. Mack-Cali Corp. says its Roseland apartment division will seek city approval to build 300 units in a new 32-story tower in the lot at 709 Chestnut St., not far from Independence Hall.