Pennsylvania made some progress recently getting its pensions on a better financial footing. But it comes at the cost of losing traditional pensions.
Vanguard Group's Help Wanted listing on its website sought a marketing lawyer whose responsibilities include ferreting out competitors' violations. Vanguard took down the ad after we inquired about it.
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.
Dan Wantrobski replaces Janney's past research chief, Andrew M. Maddaloni, who was promoted to head of equities in April.
Chelten Hills Savings Bank, of Abington, is merging with Doylestown-based Penn Community Bank.
Corporate lawyer-turned-Icahn Enterprises CEO Daniel Ninivaggi is the new head of the Icahn Automotive, nominally based at Pep Boys' North Philly HQ.
"They are getting our information through Facebook. For this audience, these things represent a huge amount of community. We get incredible reader engagement and reader response."
Michael Golden, one of the online-commerce pioneers who got rich when eBay bought King of Prussia-based GSI Commerce for $2.4 billion in 2011, is investing a couple of hundred thousand in the local-news business.
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.
People who are careless with money - theirs, or other people's - can't expect to prosper. But credit isn't just a private problem: Reckless lenders tend to drive out careful ones, boosting costs and stalling the economy for hard-working thrifty people, too.
CardConnect is a payments company that employs about 200, mostly at its King of Prussia headquarters.
Distribution centers in Horsham and Pittsburgh will shut down in August,
The group said its investment implies a total valuation for the company of around $6 million.
The U.S. economy used to grow by a steady 3 to 4 percent a year from 1950-2000, Philly Fed chief Patrick Harker said. But half that growth "came from the expansion of the American workforce." Now we're looking at fewer new workers, and more old and disabled people, and relying on the remaining workers to pay higher health-care and retirement costs. Of course the result is slower growth. We need more people to get more growth, Harker concluded.
Pennsylvania's auditor general called on the underfunded $47 billion Pennsylvania Public School Employees' Retirement System on Thursday to make drastic cuts in how much it pays investment-management firms. But his audit also lauded the way PSERS invests and recommended no sweeping changes that would make much a difference in PSERS's $40 billion deficit.
Wednesday marked what could be the 214-year-old chemical giant's final annual meeting. Workers' concerns about benefits and jobs were a prime focus.
President-elect Donald Trump "has bashed [Comcast Corp.'s] NBC news as biased, inaccurate and bad" and cast contempt on Comcast's BuzzFeed pieces and Saturday Night Live skits. Trump even "went so far as to say he would not have allowed Comcast's acquisition of NBCUniversal," notes bond analyst Dave Novosel, in a report to clients of Gimme Credit LLC.
CEO Anthony Bucci isn't the only top RevZilla Motorsports LLC executive who is stepping down, 10 months after private-investment firm J.W. Childs put the motorcycle-gear direct retailer into a new company, Comoto Holdings Inc.