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.
It's spring: Time to head to the Jersey Shore, smell the Atlantic, and daydream about buying a beach place. Albert Slap and Bob Hubbell, long-ago Penn grads, have started a service in Florida they hope buyers and lenders will consult before signing off on 30 years of payments in these times of rising waters.
When John F. "Neutron Jack" Welch Jr. retired as chief executive of General Electric in 2001, after 20 years of shifting, selling, or shutting factories and expanding into TV networks and Asian loan offices, GE was the world's most valuable corporation.
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?
"I suppose you're the enemy," John C. Bogle, founder of Malvern-based Vanguard Group and that rare creature, an investment celebrity, told the crowd of bargain-hunting stock-pickers in an ornate ballroom in New York's Plaza Hotel.
They aren't all the same: "Rate-shopping" cities may prefer Standard & Poor's rosier credit ratings - but bond buyers trust rivals Moody's Investors Service and Fitch Ratings more to warn investors when towns are less likely to pay what they owe, says municipal bond analyst Tom Kozlik.
After President Obama on Dec. 17 called for restoring "travel, commerce, and the flow of information" to communist Cuba, island-watchers at Penn's Wharton School rushed to gather Cuban American magnates, scholars, and U.S. officials to brainstorm investors' return.
NEW YORK - A majority of Cuban Americans, whose opposition to the Communist regime in Cuba helped cement a 50-year U.S. trade embargo, now support normalizing trade relations between the two countries, according to a poll taken since President Obama's call for closer ties in December.
Shares of Citizens Financial Group, the $128 billion Rhode Island-based company that owns Citizens Bank of Pennsylvania and naming rights to the Phillies' stadium, are up 13 percent since an initial public offering on the New York Stock Exchange in September.
It was doctors against lawmakers, science against anecdotes, at Tuesday's joint committee hearing on medical marijuana. Yes, joint. Twenty state representatives from the Judiciary and Health Committees, mostly Republicans, filed into Pennsylvania Hospital on Tuesday, many bearing grim accounts of ill constituents who say pot helps them feel less pain.
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.
What to do, now that the neighbors in New York, Maryland, and Ohio have casinos, too, and Pennsylvania's tax revenue from gambling has slipped from $1.40 billion in fiscal 2012 to $1.38 billion in 2013 and $1.32 billion in 2014?