Hotel, pharma lobbyists win Philly City Council vote against drug rep law

An unusual coalition of leftist and GOP Philadelphia City Council members, hearing drug and hotel lobbyist objections, voted down a drug-rep registration bill backed by city health officials and anti-opiod activists.

W. Conshy company that manages Philadelphia convention center to merge with L.A. firm

SMG, the West Conshohocken-based company that runs the Philadelphia Convention Center, is merging with the facilities-management division of Los Angeles-based AEG, a sports and live entertainment company.

W. Conshy company that manages Philadelphia convention center to merge with L.A. firm

SMG, the West Conshohocken-based company that runs the Philadelphia Convention Center, is merging with the facilities-management division of Los Angeles-based AEG, a sports and live entertainment company.

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Vanguard SEC filings drop ‘at-cost,’ ‘no profit’ claims that were dear to late founder John Bogle

Vanguard Group has scrapped its longtime claims that it is a "mutual mutual" fund company, that it doesn't have a "profit" component to the fees it charges, and that it provides services "at cost."
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Vanguard SEC filings drop ‘at-cost,’ ‘no profit’ claims that were dear to late founder John Bogle

Vanguard Group has scrapped its longtime claims that it is a "mutual mutual" fund company, that it doesn't have a "profit" component to the fees it charges, and that it provides services "at cost."

France’s BioMerieux buys West Philly biotech firm for $75 million

BioMérieux is taking over a 40-person West Philadelphia-based firm that sells Veriflow DNA Signature Capturing Technology, which detects spoilage for brewers and winemakers.

France’s BioMerieux buys West Philly biotech firm for $75 million

BioMérieux is taking over a 40-person West Philadelphia-based firm that sells Veriflow DNA Signature Capturing Technology, which detects spoilage for brewers and winemakers.
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Ben Franklin Tech Partners pledges $5M for $50M Go Philly blockchain fund, seeks foreign capital

State-backed Ben Franklin Technology Partners of Southeastern Pennsylvania, which lends to start-ups, has pledged $5 million and raised another $5 million for the new GO Philly Fund that seeks to raise foreign capital for the kind of small Philly-area firms Ben Franklin backs.

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Venture capital pumped as much money into U.S. start-ups as during dot-com boom; Philly trails

The new PitchBook-National Association of Venture Capital report shows venture capitalists pumped a record $131 billion into U.S. start-ups and early stage companies last year, beating the previous record from the dot.com boom.

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Yoga pants: China owner prepping Del.-based Lycra Co. for IPO as latest ex-DuPont company

Lycra's new China-based owner says it will keep the global business, which supplies fabrics for yoga pants and many other products, and 90 HQ and R&D jobs, in Delaware

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Philadelphia Mayor Kenney, business leaders talk past Johnny Doc’s indictment | Joseph N. DiStefano

None of the Chamber of Commerce speakers addressed the week’s big Local 98 news — the federal indictment of John Dougherty. So I will: Who gains from Dougherty’s indictment?

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Engineers storm Hollywood: Main Line-based TE Connectivity rides the coattails of a cyborg, Alita Battle Angel

TE Connectivity will create its own videos explaining the cyborg Alita tech and link it to the Berwyn company’s products and people. It is all part of a plan to inspire engineers.

Break-up ahead: DowDuPont shares plunged on weak profit, trade, China outlook

DowDuPont shares tumble before market opens on weak sales outlook before planned split.

Software firm that targets U.S. enemies pays $2.75 million to settle contract fraud claims

The US Attorney in Wilmington, David Weiss, and E.M. Photonics and its owner, Eric Kelmelis, have agreed to a cash settlement, including restitution, for a civil complaint in which the government says the firm scammed five U.S. Defense Department agencies.

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Chase opens first branch in Philly with big fanfare but struggles to handle customer rush

A would-be Chase Manhattan customer complains the bank's new Rittenhouse Square branch (grand opening today) and its online service present long waits for service. The bank's Philly chief, Michele Lawrence, admits they have a problem, blames regulation and the need for secure tech.

Malvern medical-device maker is buying California monitoring firm for $65 million

The California firm's software platform allows doctors to read multiple patients' pacemakers, defibrillators and monitors, from multiple makers, at a single location.

Pet insurer Petplan has a new CEO; Wharton-grad founders replaced by a TV executive

Vernon Hill's Petplan drops its founding executives and turns to a TV veteran in hopes of boosting dog and cat insurance sales.

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How the U.S. government shutdown is delaying SBA loans to firms like Rosati’s, putting small business growth ‘on ice’

Hundreds of small businesses that counted on SBA loans this year are having to postpone new hires and other expansion while the federal-government shutdown grinds on.

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JPMorgan Chase begins its big Philly push near Rittenhouse Square while Citizens vows to defend its turf

The bank is cherry-picking high-profile locations as loan and investment centers that double as billboards for the brand. But Citizens is already moving to keep key customers, and recently oved its own Rittenhouse Square branch to a more prominent spot.

Moorestown financial mogul Vernon Hill’s U.K. bank shares tank on risk fears

Moorestown banker Vernon Hill's Metro Bank lost a third of its value Wednesday after the high-flying lender admitted its loans are a lot riskier than it reported and it's making less money.

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