<![CDATA[NBC 10 Philadelphia - Business News - [PHI Feature]Business]]>Copyright 2017http://www.nbcphiladelphia.com/news/businessen-usWed, 22 Feb 2017 16:52:58 -0500Wed, 22 Feb 2017 16:52:58 -0500NBC Local Integrated Media<![CDATA[Delco Hospital Nurses, Technical Employees Planing Strike]]>Wed, 22 Feb 2017 16:09:52 -0500http://media.nbcphiladelphia.com/images/213*120/delco_memorial_hosp.PNG

About 370 nurses and technical employees at Delaware County Memorial Hospital announced plans Wednesday to hold a two-day strike next month to protest what they say are the medical center owner’s “stalled bargaining and unfair labor practices.”

The Drexel Hill hospital was acquired last year by Prospect Medical Holdings Inc., when the Culver City, Calif., hospital management company bought the Crozer-Keystone Health System.

The nurses and technical employees — who have scheduled the two-day strike for March 5 and 6 — are members of the Pennsylvania Association of Staff Nurses and Allied Employees (PASNAP), which said it has been engaged in contract negotiations with Prospect for months. PASNAP, based in Conshohocken, represents more than 8,000 hospital workers statewide.

“For our patients, we must win a fair contract that will ensure safety for the Delco community,” says Angela Neopolitano, a registered nurse who has worked at Delaware County Memorial for 36 years. “This is why we are taking this step reluctantly; the dedicated nursing and technical staff deserve working and patient care conditions that prioritizes high quality patient care for the community.”

To read the full article, click here.


For more business news, visit Philadelphia Business Journal. 

Photo Credit: Crozer-Keystone Health System]]>
<![CDATA[GoPuff, Flyers Launch 'Gameday On-Demand" Service for Fans]]>Wed, 22 Feb 2017 15:51:06 -0500http://media.nbcphiladelphia.com/images/213*120/GoPuff_Flyers.PNG

Why trek all the way to a sports stadium when you can watch the game from the comforts of your own home and now get the concession stand favorites delivered right to your door?

Philadelphia-based on-demand delivery service goPuff and the Philadelphia Flyers have partnered for a new initiative called “Gameday On-Demand,” a service that offers Flyers fans watching at home the ability to get snacks, beverages – including beer, and party supplies and household items delivered in 30 minutes or less through a custom Flyers-specific category on goPuff’s mobile app and website.

The new initiative is a "win-win-win" for fans, goPuff and the Flyers, according to an expert, who said this is just another example of consumers searching for the "ultimate convenience."

"We’re helping consumers eliminate the traditional beer run, by offering the most convenient way for Flyers fans to get snacks, beer and other game day essentials without having to ever leave their couch,” said Dan Folkman, goPuff’s vice President of business development.

The on-demand initiative is curated specifically for the so-called "Flyers faithful" and will include fan favorites such as Ben & Jerry's "half-baked" ice cream, Lay’s sour cream and onion chips, Yards Brewing Co. beer, and others.

To read the full article, click here.

For more business news, visit Philadelphia Business Journal. 

Photo Credit: GoPuff]]>
<![CDATA[Nanobrewery Gets OK to Open in Historically Dry Jersey Town]]>Wed, 22 Feb 2017 15:43:33 -0500http://media.nbcphiladelphia.com/images/213*120/nanobrewery.PNG

A historically dry South Jersey town has given one nanobrewery the OK to open and operate.

Haddonfield has been a dry town by law since 1873, but it's made strides in the past few years to slowly shed that distinction during a time when consumer interest in craft beer and spirits continue to increase nationwide and locally.

In 2014, Haddonfield officials notably approved an initiative called the Alcohol Management Plan for Retail Outlets, in which restaurants were allowed to offer wine by leasing a portion of their business only to New Jersey-based wineries.

The South Jersey town continues the initiative through its Haddonfield Uncorked event, which began in 2014 and will take place this Saturday from 1-4 p.m.

The next move in becoming a little less dry came Tuesday with a 10-1 vote to allow nanobrewery King's Road Brewing Co. to establish operations in Haddonfield.

To read the full story, click here.

For more business news, visit Philadelphia Business Journal. 

Photo Credit: Tomorca]]>
<![CDATA[Breaking Ground in More Ways Than One]]>Wed, 22 Feb 2017 14:06:05 -0500http://media.nbcphiladelphia.com/images/213*120/WCAU_000000019492823_1200x675_882450499951.jpg

NBC10 continues our Black History Month Celebration with a story about the leader of one of the most sought after construction firms in Delaware. NBC10’s Erin Coleman tells us how Angelo Perryman is breaking down barriers one project at a time.]]>
<![CDATA[NBC10 Responds: Prepaid Phone Problems]]>Wed, 22 Feb 2017 07:51:20 -0500http://media.nbcphiladelphia.com/images/213*120/WCAU_000000019488893_1200x675_882307651704.jpg

NBC10 Responds and Harry Hairston help a mother who bought her son minutes that never showed up on his cell phone.]]>
<![CDATA[Sticker Shock for Olive Oil Buyers After Bad Italian Harvest]]>Tue, 21 Feb 2017 13:44:25 -0500http://media.nbcphiladelphia.com/images/213*120/AP_17047651332267-olive-farm-italy.jpg

From specialty shops in Rome to supermarkets around the world, lovers of Italian olive oil are in for some sticker shock this year, with prices due to jump by as much as 20 percent.

The combination of bad weather and pests hit the harvest in Southern Europe, most of all in Italy, where production is halved from last fall. That's pushing up Italian wholesale prices by 64 percent as of mid-February compared with a year earlier, which translates to shelf price increases of 15 to 20 percent in Italy.

In other countries, the ultimate price increases will depend on several factors — such as how much retailers take on the costs themselves and the change in currency values. The U.S., for example, is likely to see a more modest rise in price as a stronger dollar keeps a lid on the cost of imports.

Italy's harvest was especially hard hit by the combination of early rains that knocked buds off the trees and the threat of an olive fly that forced an early harvest, further cutting yields. Wholesale prices of olive oil from Spain, the world's largest producers, are up a more modest 10 percent, with yields similar to last year's.

Vincenzo Iacovissi, the owner of the Sapor d'Olio olive oil shop in Rome, says sales have dropped, though he's tried to ease the shock for customers by explaining why prices have gone up.

"When there are increases of 15 to 20 percent there is some impact on sales. However, explaining the reasons for this increase has in part helped to make up for this," Iacovissi said.

Italians collectively consume about 20 percent of the world's olive oil, leading Spain at 16 percent, and that affinity makes them pretty resilient as consumers. The U.S. is the third-biggest market, consuming 10 percent of the yearly total.

Flaminia Leoni, a 50-year-old mother of four, buys 80 to 100 liters of olive oil a year for her family and says that at most she will consider substituting lower quality olive oil for extra virgin for cooking — but not on the table, where olive oil is a staple giving accent to pasta, meats, salads and vegetables.

Cedric Casanova, the owner of an Italian grocery in Paris, said he was hoping to get 30,000 liters of olive oil delivered, but received just 8,000 liters. He will have to rely on leftover stock from last year to help make up for the remaining difference — and absorb some of the price increase himself.

"I'm working with a standard price, by trying to assume the cost myself," he said.

With global stocks down just 14 percent, no one is predicting general olive oil shortages, even with a 75 percent increase in consumption of olive oil over the last 25 years as demand pushed into non-traditional markets. The market for olive oil in the period has grown by two-fold in the United States, seven-fold in Britain and 14 fold in Japan, according to Italy's Coldiretti farm lobby, even if continental Europe remains by far the largest market.

Italian olive oil is more vulnerable than that of other major producers to climate shifts and pests due to its varied topography, from hills in the north to larger groves in the south. This also lends great variety to Italian olive oil, where unique flavors are derived from a combination of the terrain, topography and the more than 400 olive varieties, according to Nicola Di Noia, an olive oil expert for the Coldiretti farm lobby.

"We have hundreds of different varieties of olives that are more difficult to defend compared with Spain or northern Africa, where there are big groves that are easier to manage," Di Noia said.

He said the challenge is educating consumers about why they pay for quality.

"We need to learn to choose oils with awareness. Extra-virgin is the juice of a fruit. The primary material from which it derives is very important. Therefore, oil should be tasted and smelled," he said.

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: AP]]>
<![CDATA[Showboat Owner Buys Nearby Land in Atlantic City]]>Tue, 21 Feb 2017 13:33:27 -0500http://media.nbcphiladelphia.com/images/213*120/Stockton+University+Showboat+Sized.jpg

Bart Blatstein, the Philadelphia developer who's been buying up distressed Atlantic City properties and re-opening them, has added three more Boardwalk parcels for about $6 million.

Blatstein, who last year reopened the former Showboat casino as a non-gambling hotel, has added land nearby as part of future development of the site.

He bought the Garden Pier across from the shuttered Revel casino, which is also near the Showboat, along with a volleyball court between Revel and the Showboat.

Blatstein also bought land in the Inlet district next to a new $40 million Boardwalk repair project.

He says the parcels near the Showboat will increase outdoor uses for the site, and says the Inlet land is prime property in a redeveloping area.

The deals closed on Friday.

Copyright Associated Press / NBC 10 Philadelphia

<![CDATA[Burger King, Tim Hortons Parent to Buy Popeyes for $1.8B]]>Tue, 21 Feb 2017 11:09:58 -0500http://media.nbcphiladelphia.com/images/213*120/Bk+Popeyes.jpg

Restaurant Brands International says it'll pay $1.8 billion for Popeyes, bringing the fried chicken chain under the same corporate umbrella as Burger King and Tim Hortons.

The move fits Restaurant Brands' strategy of taking over well-known fast-food chains that it believes have the potential for wider expansion. The deal gives Popeyes shareholders $79 per share, a 19 percent premium from its closing price on Friday.

The deal is expected to close by ealry April 2017, CNBC reported.

Restaurant Brands was created after Burger King, controlled by Brazilian investment firm 3G Capital, bought Tim Hortons in 2014. The corporate name it took signaled the company's aim of expanding its stable of fast-food chains. In the meantime, Restaurant Brands has been striking deals with local operators to open additional Burger Kings around the world.

However, Cowen analyst Andrew Charles said last week that the company has not yet accomplished its goal of expanding Tim Hortons internationally. Although Tim Hortons has signed three master franchise development agreements in the Philippines, the United Kingdom and Mexico, Charles noted no stores have yet opened under those deals.

Stephen Anderson, a Maxim Group analyst, noted last week that Popeyes has had stronger sales performance worldwide in the past two years compared to Burger King and Tim Hortons.

Restaurant Brands has also been improving its financial results by cutting costs, the same stragtegy 3G has employed with another of its investments, Kraft Heinz.

Josh Kobza, chief financial officer of Restaurant Brands, said Tuesday said the company plans to accelerate Popeyes' expansion, as it has done with Burger King. According to CNBC, Popeyes will continue to be managed independently in the U.S. after the sale.

Restaurant Brands International Inc., based in suburban Toronto, has more than 20,000 locations globally, and Popeyes would give it about another 2,600. The company makes money from fees it charges franchisees who operate Burger King and Tim Hortons restaurants. By comparison, McDonald's Corp. had more than 36,800 locations around the world at the end of 2016. Yum Brands, which owns KFC, Pizza Hut and Taco Bell, has more than 43,600.

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: Getty Images]]>
<![CDATA[Maple Season Kicks Off Early]]>Mon, 20 Feb 2017 23:19:11 -0500http://media.nbcphiladelphia.com/images/213*120/Maple+syrup1.JPG

A mild stretch of temperatures has jumpstarted Vermont’s signature maple sugaring season.

“We’re all about the weather,” said Laura Sorkin of Runamok Maple in Cambridge, Vermont.

The warm weekend sparked big sap flows across Vermont, including from the 81,000 tree taps at Runamok Maple.

That producer has already started boiling the sap collected this weekend, reducing it down into sweet syrup.

While this stretch has made for an earlier-than-typical start to the season, wintertime sap runs are not unheard of, so Runamok has been on standby, ready to capitalize on conditions.

“You get ready as early as you can, and just see how it goes,” Sorkin said.

Maple is a valuable agricultural export for Vermont. The state’s producers generate roughly 40 percent of the nation’s syrup, making Vermont the top maple-producing state in the United States.

Runamok is looking to grow its twist on maple syrup, with barrel-aged and smoked varieties, as well as maple infusions of lime leaf, cardamom, cinnamon, vanilla, or hibiscus.

The company said it is working to convince consumers maple syrup is not just for pancakes any more, and can be excellent in cocktails or cooking.

“With this weather, no one got a break this weekend, everyone's working through this week, and based on the weather forecast, they'll likely be working through next weekend as well,” said Eric Sorkin of Runamok Maple, praising his hard-working staff.

According to meteorologist Michael Page, maple producers ideally need days in the 40s and nights in the 20s to trigger the most productivity from the trees.

“Temperature really is key when it comes to sugaring,” Page said. “Conditions will continue to improve and be more steady going into March.”

Runamok said it plans to continue watching the weather, hoping after an early boost, temperatures will be right for a prolonged, strong season.

“We won't know what kind of season we've had until May,” Eric Sorkin noted.

For suggested recipes featuring Runamok Maple’s products, you can visit their website.

Photo Credit: Runamok Maple]]>
<![CDATA[Former DuPont Estate Hits the Wilmington Market]]>Sat, 18 Feb 2017 13:15:06 -0500http://media.nbcphiladelphia.com/images/213*120/unspecified-5.jpg

It's a huge home in a small state.

The former home of Margaretta “Gret” du Pont and her husband, former DuPont Corp. President Crawford “Greenie” Greenewalt, is now on the market for $5.5 million. Built in 1936, the house at 900 Old Kennett Road in Wilmington is 21,000 square feet and sits on 22 acres.

The listing agent is Stephen Mottola, a sales associate with Long & Foster’s Greenville, Del., office.

Here's how Long & Foster describes the property in a press release:

Now known as “Stonehouse,” the house was designed by well-respected architect E. William Martin. Greenewalt was a stickler for safety, so he had the home constructed primarily of steel and concrete. Each floor was built with a 12-inch concrete layer and the walk-up attic has concrete steps and floors as well.

The exquisite home has French provincial flair with wrought iron balconies, arched dormer windows, circular window seats and deep windowsills. Greenewalt and du Pont built the home to accommodate their growing family, grand social life and their many hobbies—she was an avid gardener while he was a photographer and studied birds.

To read the full article and see the full slideshow, click here.


For more business news, visit Philadelphia Business Journal. 

Photo Credit: Victor Setting of Setting Real Estate]]>
PHILADELPHIA BUSINESS JOURNAL]]><![CDATA[Manayunk juicery to open Main Line location this year]]>Fri, 17 Feb 2017 21:01:51 -0500http://media.nbcphiladelphia.com/images/213*120/juice.PNG

A local juicery and café that first opened on Manayunk's Main Street will open their second location this year on the Main Line, taking over a space formerly housing a George Perrier-founded restaurant.

Since it debuted in Manayunk in June 2014, The Juice Merchant has launched a vegan, gluten-free menu along with its cold-pressed juices. Now it's time to expand.

A sister location will open in March this year in Narberth in Montgomery County, taking over the space vacated by Art of Bread, which George Perrier founded in 2011 and closed last year.

To read the full article, click here


For more business news visit, Philadelphia Business Journal 

Photo Credit: Google Street View ]]>
PHILADELPHIA BUSINESS JOURNAL]]><![CDATA[Le Méridien Going After Millennials With $1M in Renovations]]>Fri, 17 Feb 2017 21:00:27 -0500http://media.nbcphiladelphia.com/images/213*120/LeM.PNG

The Le Méridien Philadelphia will get a million-dollar renovation — its first major update since it opened in 2010 — that will re-imagine the common and food-and-beverage areas, gearing the spaces toward the millennial traveler.

Millennials are an audience hotel brands have been targeting for some time now. This demographic has an annual spending power of $200 billion, with each U.S. millennial spending an average of $3,900 in 2015, according to a report by Oracle Hospitality.

The 202-room Le Méridien, which opened in May 2010, will undergo a $1 million to $1.5 million renovation — the scope of which includes a remodel of the common areas, including the entry vestibule, arrival zone and bar; and a transformation of the food-and-drink area into an all-day dining concept catered toward millennials who want to eat, drink and work at the same time.

Construction will begin Monday, Feb. 20 and is slated to be completed on March 31.

To read the full article, click here


For more business news visit, Philadelphia Business Journal 

Photo Credit: Google Street View ]]>
<![CDATA[Electric Factory Building Up For Sale]]>Fri, 17 Feb 2017 20:49:46 -0500http://media.nbcphiladelphia.com/images/213*120/eletric.PNG

The building that houses the famed Electric Factory, a popular concert venue that has been around for more than four decades, is up for sale and could possibly trade for around $17 million, according to estimates.

The property sits in the Callowhill neighborhood of Philadelphia, which has increasingly been grabbing interest from investors and developers who have been buying buildings for conversions or moving forward with new construction. The area has also been referred to as Spring Arts and includes the Chinatown North section of the city. Regardless of the name, the renewed interest in the area is bring driven by several factors including the core of Center City stretching its boundaries and pushing northward, the availability of older industrial buildings ripe for redevelopment as well as the phased transformation of the Reading Viaduct into an elevated park.

To read the full article, click here

For more business news visit, Philadelphia Business Journal 

Photo Credit: Google Street View]]>
PHILADELPHIA BUSINESS JOURNAL]]><![CDATA[Main Line Hospital Plans $52.8M Expansion]]>Fri, 17 Feb 2017 16:48:04 -0500http://media.nbcphiladelphia.com/images/213*120/Main+Line+Hospital+Lankenau+Medical+Center.jpg

Lankenau Medical Center unveiled plans Friday to spend $52.8 million to expand and enhance its emergency department.

The Wynnewood, Pennsylvania, hospital's emergency department, built to handle 35,000 patients, is currently seeing about 54,000 patients a year. Lankenau officials expect that number to increase to 73,000 by 2025.

The proposed expansion project, which will require township approval, is expected to be completed in early 2019.

“This expansion project will allow Lankenau to deliver advanced emergency services in an innovative and highly functional space that will reflect the expertise and commitment of our Emergency Department team,” said Phil Robinson, the hospital's president. “The enhancements and effective design of the space will significantly reduce waiting times and will continue to ensure that we are offering a superior patient experience to the communities we serve.”

To read full article, click here.

For more business news, visit Philadelphia Business Journal

Photo Credit: John George/Philadelphia Business Journal]]>
<![CDATA[Penn's Yearly Cost, Financial Aid Budget Increases]]>Fri, 17 Feb 2017 14:08:48 -0500http://media.nbcphiladelphia.com/images/213*120/University+of+Pennsylvania+Benjamin+Franklin+Statue.jpg

The University of Pennsylvania announced it's increasing the total cost of attendance for an undergraduate year at the Ivy League institution by 3.4 percent — but its financial aid budget is getting a boost as well.

The financial aid pot is rising from $214 million to $224 million, the highest in the school's history. The yearly cost to attend, a combination of tuition, room and board and fees, will increase from $66,000 to $68,600. Tuition on its own is rising from $45,556 to $47,416.

The 3.4 percent increase in total charges is slightly less than the cost increase from 2015-16 school year to the 2016-17 year, in which the overall cost grew by 3.9 percent.

To read full article, click here.

For more business news, visit Philadelphia Business Journal

<![CDATA[Uber, Lyft Make $44M Since Becoming Legal in Pa.]]>Fri, 17 Feb 2017 13:01:01 -0500http://media.nbcphiladelphia.com/images/213*120/AP_16139670373261.jpg

Tax revenue data released from the School District of Philadelphia shows ride-sharing companies Uber and Lyft have brought in more than $44 million in their first two months of legal operation in the city.

The Philadelphia Inquirer reports the district said Thursday it received nearly $358,000 in tax revenue from the July-to-September period during which the companies operated under a temporary authorization that then included a 1 percent tax per ride.

In November, Democratic Gov. Tom Wolf signed a bill that allowed ride-sharing companies to operate legally in the state. The legislation levied a 1.4 percent tax on each ride provided through the companies' apps.

The school district receives two-thirds of that. It expects the industry to generate between $2 million to $2.5 million for the city's schools annually.

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: AP]]>
<![CDATA[Prisoner Sues Philly Company for Lack of Kosher Options]]>Fri, 17 Feb 2017 10:41:43 -0500http://media.nbcphiladelphia.com/images/182*120/prison-food-1.jpg

A Tennessee inmate has filed a lawsuit claiming the food he has to eat in prison doesn't meet kosher standards.

The Tennessean reports Perry A. March sued the Tennessee Department of Correction and Philadelphia-based food vendor Aramark earlier this month in Nashville federal court.

March has been in prison for a decade of his 56-year term for the 1996 disappearance of his wife, Janet March, and a subsequent plot to kill her parents.

The lawsuit says his religious practices are infringed upon because he is served poor-quality soy meals and has fewer kosher options in his diet plan than standard meal plans.

He's serving time in Morgan County Correctional Complex near Oak Ridge.

The state prison system and Aramark defend the food service. Correction department spokeswoman Alison Randgaard said in an email officials are "committed to ensuring offenders are provided with quality, nutritious meals."

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: Getty Images/John Moore]]>
<![CDATA[Rutgers Turns Away Job-Seeking Students for Wrong Clothes]]>Fri, 17 Feb 2017 11:58:40 -0500http://media.nbcphiladelphia.com/images/214*120/Rutgers+Dress+Code+Flyer.JPG

Rutgers University has apologized after turning students away from a career fair for wearing the wrong colored clothing.

Rutgers Business School had been under fire for barring students from entering a job fair who wore attire that violated a new dress code. The stringent new policy forbids blue suits, colored shirts, brown shoes and other attire.

An online student petition prompted an apology from the school.

In a statement Thursday, Lei Lei, dean of the business school said the Office of Career Management in New Brunswick and Newark reached out to the students who were turned away to help them reconnect with recruiters. Lei also said the students would meet with school leadership next week on the matter, and that a review of the dress code was already underway.

"As a top public business school in the Northeast, we take great pride in our students, both academically and professionally," Lei said in the statement. "We regret that the actions at last week’s career fair adversely affected some of our students and cast a shadow over the success we have achieved in helping our students secure meaningful internships and jobs." 

"Our career management process is not perfect, and we look forward to working with our recruiters and students to further improve our practices, including the dress code guidelines," the statement continued. 

Administrators say the dress code change was in response to students who did not dress properly in past years. Senior Associate Dean Martin Markowitz says the school did not permit blue to avoid confusion with different shades.

Copyright Associated Press / NBC 10 Philadelphia

PHILADELPHIA BUSINESS JOURNAL]]><![CDATA[Greek Food Truck Gets Approval to Travel]]>Fri, 17 Feb 2017 06:16:09 -0500http://media.nbcphiladelphia.com/images/213*120/gyro+7.0.jpg

A family-owned food truck — a co-owner of which had skin in the culinary game at the Jersey Shore for years — have gotten the OK to prepare food and finally hit the road with spanakopita, pastichio and other popular Greek dishes.

Gregory P. Daglis grew up in the restaurant business. His parents, both from Greece, owned a landmark diner for decades in Wildwood Crest, and Daglis worked there through his early 20s until he eventually found himself working in the investment and financial world.

The Daglis family owned the Crestwood Diner from 1976 until it was sold in 2004 and his parents retired. It had been there since the early 1950s, according to Daglis, who left his full-time job and is now back in the food-and-beverage world, taking his mother's popular Greek recipes on the road.

To read the full article, click here.



For more business news, visit Philadelphia Business Journal 

<![CDATA[A Forty With Your Shorti: Delco Wawa Now Sells Beer]]>Thu, 16 Feb 2017 18:00:12 -0500http://media.nbcphiladelphia.com/images/160*120/Wawa+Delco+Beer+4.JPG

Pennsylvania celebrated its first day of selling beer in Wawa Thursday morning with a ribbon-cutting ceremony attended by the company's CEO Chris Gheysens, Wawa staff and fans. 

The recently remodeled convenience store-- located on Naaman's Creek Road in Chadds Ford -- includes a walk-in beer cooler to keep alcoholic beverages cold and 30 restaurant-style seats.

Wawa renovated the Delaware County store by adding the new features to comply with Pennsylvania's unconventional beer laws. However, Wawa implemented beer laws of their own.

"Internally, we are allowing one beer per person when they sit and consume [in the dining area]," said Gheysens, the "lead goose" of the company.

Customers are only allowed to buy two 6-packs or one 12-pack from a wide variety of brew. The store provides a separate register for buyers to check-out-- where each person will get asked to show identification. 

Additionally, Wawa has rules about what time customers can purchase alcoholic beverages; on Mondays through Saturdays, beer can be bought from 8 a.m. to 11 p.m. and from 11 a.m. to 11 p.m. on Sundays.  

Wawa fans hoping for beers to hit the racks at their local stores are out of luck. The Delaware County store will be the only Wawa in the state to sell beer because of its size. 

"This is the largest store we have in our entire fleet of 750 Wawas," Gheysens said. "This was the only [Wawa in Pennsylvania] that allowed us to ... meet the license requirements."

Beer sales aren't a new feature for Wawa; stores in Florida and Virginia already sell beer. 

PHILADELPHIA BUSINESS JOURNAL]]><![CDATA[Lego Version of Iconic Boathouse Row Coming to Montco]]>Thu, 16 Feb 2017 14:08:43 -0500http://media.nbcphiladelphia.com/images/213*120/Boathouse+Row+Generic.jpg

A popular and historic Philadelphia site will be featured in the upcoming Legoland Discovery Center in Plymouth Meeting, Pennsylvania, and it will be featured, unsurprisingly, in Lego style.

The Legoland Discover Center in the Plymouth Meeting Mall – set to open this spring – offered a sneak peek of what can be seen inside: a Boathouse Row recreation made entirely of the iconic blocks.

The upcoming attraction will feature Boathouse Row with lighting that will shift between day and night, "allowing the Lego Boathouse Row to show of its iconic lights," the company posted on Facebook. The real lights were replaced last year in time for the Democratic National Convention.

To read full article, click here.

For more business news, visit Philadelphia Business Journal.

Photo Credit: Philadelphia Business Journal
This story uses functionality that may not work in our app. Click here to open the story in your web browser.]]>
<![CDATA[A Brew With Your Shorti: Pa. Wawa Begins Selling Beer]]>Thu, 16 Feb 2017 12:28:00 -0500http://media.nbcphiladelphia.com/images/160*120/Wawa+Delco+Beer+4.JPGA Delaware County Wawa reopened Thursday with new features such as restaurant-style seating and a beer cave. The newly renovated store along Naamans Creek Road in Chadds Ford is the first Wawa in Pennsylvania to sell beer.]]><![CDATA[In California's 'Pot Alley,' Agriculture Pivots to Marijuana]]>Thu, 16 Feb 2017 10:50:32 -0500http://media.nbcphiladelphia.com/images/214*120/cannabis-alley-021517.PNG

California's Salinas Valley is referred to as the "salad bowl of the nation," best described in iconic pages when John Steinbeck, American author and son of the Monterey County community, put pen to paper in most of his classic writings.

It's here in this region of sprawling fields about 100 miles south of San Francisco where Japanese immigrants found their American dream after World War II in the cut flowers business, evident even today.

"A lot of these houses are Japanese-style houses," said Alicia, a cannabis properties realtor.

With California's law legalizing marijuana poised to go into effect next year, Salinas enters a new chapter in its agricultural history. It could become the cannabis capital of the state.

Alicia agreed to show us around the valley on the condition we don't share her last name. She specializes in the new green that's growing here, pointing out farms she says are now cannabis farms.
"Look. Barbed wires, cameras," she said.
Alicia works to sell, buy or manage what used to be properties housing the booming flower market, properties that have since fallen apart due to various free trade agreements over the years.
She says ever since California legalized marijuana, there's new life breathing into the valley and sucking dry the idea of continuing with the cut flowers business, when owners can sell their properties for millions.
"It wouldn't make sense to grow flowers, you know, at $5 million," she said.
Under new California law, cannabis cultivators are banned from building new greenhouses, unless they are built in the footprint of old ones. So any "green" house in the state has the potential to evolve into a "grow" house.
"California cannabis is its own brand, no different than California wine or anything else," Michael Williamson, the director of operations at Harborside, a leading cannabis grower and distributor in Northern California.
He says his hairnet, white jumpsuit and gloves are a way to keep the product pure and free from human interaction.
"When you look at our product and our plants, it's really not that different than a lot of the cut flowers market," he said. "Which makes this valley kind of the potential to be the Sonoma Valley of cannabis."
Williamson wouldn't say how much Harborside makes on its product, adding that for now, it's grown solely for medical purposes.
He said the company is eyeing Los Angeles for what's to come.
"Our moral compass is always the same," he said. "We want to create a safe, consistent and hopefully potent cannabis."
Growers in Monterey County say they take pride in more than just their product, but also what the industry is doing for the local workforce: the general contractors, green house manufacturers, security companies, fence installers, security camera installers and providers.
"We feel that cannabis could be a $1 billion crop within the next 24 months in Monterey County," said Mike Bitar, the cofounder of Grupo Flor, a company that's been actively seeking out empty greenhouses to manage. "These greenhouses are getting a second life. Right now there are no empty greenhouses in Monterey County. They've all either been leased up or purchased in the last six months."
The numbers are already massive.
According to Arcview market research, a company specializing in the marijuana market, California accounted for 31 percent of the legal cannabis market in the U.S. last year. Locally that's only for medical use. Compare that with Colorado at 19 percent and Washington at 11 percent, where marijuana is legal for recreational use.
"This industry has grown by leaps and bounds," said Daniel Yi, a spokesman for Medmen, a cannabis management and investment firm based in Los Angeles. The company has a cultivation site in Sun Valley and also runs a dispensary in West Hollywood.
"LA plays a huge role in terms of what we've learned over 20 years of regulation, what we've learned in techniques and cultivation. We have a lot of experience and a lot of demand," he said.
Yi says research is showing as states legalize marijuana for recreational use, more and more users are opting against the flowery buds for smoking and turning to products that come from extracting the oils from pot plants.
"There are edibles, there are extracts, there are vape pens," he said.
And with much of the state's demand coming from LA, it leaves the smaller towns up north with dreams of what that could do for them.
"It'll be a pretty phenomenal crop going to LA, I'm sure, because their numbers are big," said Salinas Mayor Joe Gunter, adding his city is actively working to become a model for others in how to regulate the industry.
"We have to embrace it because it's coming."
For many, though, it's been here for decades.
"Our industry has been testing cannabis, has been labeling cannabis and has been concerned to consumer safety long before the California legislature woke to this monster," said Salinas attorney Gavin Kogan who made cannabis law a specialty.
But there's one thing that's keeping cannabis from growing greener across the country: the stigma of the drug the feds still say is illegal.
"We're chipping away at it," Yi said.

Photo Credit: KNBC-TV]]>
<![CDATA[NBC10 Responds: Bills Continue for Canceled Service]]>Thu, 16 Feb 2017 09:23:35 -0500http://media.nbcphiladelphia.com/images/213*120/WCAU_000000019397954_1200x675_878596675750.jpg

NBC10’s Harry Hairston and the NBC10 Responds Team help a woman who canceled her security service after she moved, but the bills wouldn’t stop coming.]]>
<![CDATA[Merck Halts Study of Experimental Alzheimer's Treatment ]]>Wed, 15 Feb 2017 14:31:13 -0500http://media.nbcphiladelphia.com/images/213*120/merck_alzheimers.PNG

Merck & Co. Inc. said it is stopping mid-stage clinical testing of an experimental treatment for mild-to-moderate Alzheimer’s disease.

The North Jersey pharmaceutical giant, which has a large research and manufacturing campus in West Point, Pennsylvania, said it was halting the study of verubecestat, following the recommendation of an external data monitoring committee. The committee, after conducting an interim safety analysis, determined there was “virtually no chance of finding a positive clinical effect.”

Earlier this year another Big Pharma company, Eli Lilly and Co. of Indianapolis, stopped work on its new drug candidate for Alzheimer’s disease after the experimental therapy failed in clinical testing.

More than 5 million Americans are living with Alzheimer’s disease, a progressive degeneration of the brain and the most common form of dementia, according to the Alzheimer’s Association.

To read the full article, click here.

For more business news, visit Philadelphia Business Journal. 

Photo Credit: Emile Wamsteker | Bloomberg]]>
PHILADELPHIA BUSINESS JOURNAL]]><![CDATA[Burlington Coat Factory Drops Ivanka Trump Line: Reports]]>Wed, 15 Feb 2017 12:55:37 -0500http://media.nbcphiladelphia.com/images/213*120/ivanka-trump-nordstrom.jpg

South Jersey-based Burlington Coat Factory is reportedly the latest retailer to quietly remove Ivanka Trump's line of products from its website.

Multiple reports say roughly a dozen items from the First Daughter's brand disappeared from the Burlington, New Jersey, company's online offerings on Friday, though it is unclear if its brick-and-mortar locations are still selling them.

The retailer has yet to issue a news release related to any decisions made on its offerings.

To read the full article, click here

For more business news, visit Philadelphia Business Journal.

Photo Credit: Getty Images]]>
<![CDATA[Pizza Brand to Open at KoP Town Center]]>Wed, 15 Feb 2017 14:10:39 -0500http://media.nbcphiladelphia.com/images/213*120/KoPCenter.PNG

Two more restaurants, and a paint and wine bar brand have signed on to open their first outposts in the Philadelphia region at the King of Prussia Town Center, where current tenants are already reporting early success since their openings.

The King of Prussia Town Center, developed by Maryland-based JBG Cos., over the past year has become a retail destination in the Montgomery County area with stores like Ulta, Nordstrom Rack and REI.

The center — which was put up for sale recently — also created, in the suburbs, a dining destination with a "downtown" quality to it. Restaurants that have called the center home over the past year include Philadelphia's Honeygrow, and national players like Fogo de Chao and Naf Naf Grill.

JBG Cos. said it has signed on three more food and beverage-focused tenants to open at the 263,423-square-foot development: MidiCi The Neapolitan Pizza Company, Choolaah Indian BBQ and Muse Paintbar.

MidiCi is slated for an early May opening; Choolaah and Muse Paintbar have not shared a timeframe yet. It will be each brand's first-to-market locations in the region.

To read the full story, click here.

For more business news, visit Philadelphia Business Journal. 

Photo Credit: JBGR Retail]]>
<![CDATA[Constitution Center Elects Former VP Joe Biden as Chair]]>Wed, 15 Feb 2017 11:03:51 -0500http://media.nbcphiladelphia.com/images/180*120/GettyImages-583825976-dnc.jpg

Former Vice President Joe Biden has been elected chair of the board of trustees at Philadelphia's National Constitution Center.

The center made the announcement Wednesday that Biden will succeed former Florida Gov. Jeb Bush, whose term ended in January.

Jeffrey Rosen, President and CEO of the center, says Biden's "love for the constitution, and passion for teaching all Americans about its enduring principles, have inspired people around the world."

Biden says he's honored to succeed former presidents Bill Clinton and George H.W. Bush at the head of such a "national treasure."

Biden will also be splitting his time between programs at the University of Delaware and the University of Pennsylvania as part of his post-White House life.

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: Getty Images]]>
<![CDATA[Delco Thrift Store Helps to Fight Childhood Cancer]]>Wed, 15 Feb 2017 07:51:20 -0500http://media.nbcphiladelphia.com/images/205*120/Value+Thrift+Shop+Clifton+Heights.JPG

Your next shopping spree could help cure childhood cancer all thanks to a Delaware County businessman who’s paying it forward. NBC10’s Katy Zachry is in Clifton Heights with how Barney Daley's <a href="http://www.valuethriftshop.com/">Value Thrift Shop</a> is giving back to Alex's Lemonade Stand.

Photo Credit: NBC10]]>
<![CDATA[Could Owner Open AC's Former Revel Casino Without License?]]>Wed, 15 Feb 2017 09:27:17 -0500http://media.nbcphiladelphia.com/images/215*120/60cacff16968474fb51555ebfe5864dc.jpg

A New Jersey legislator is pushing for a change to the state's gambling laws that would enable the owner of the former Revel casino to reopen it without getting a casino license.

The bill introduced Monday by Democratic state Sen. Raymond Lesniak would allow Glenn Straub to lease a portion of Revel to an outside company that would operate a casino after getting a license.

Lesniak is running in the Democratic primary for governor.

Straub lost a bid last week to be exempted from the requirement that he obtain a casino license of some sort before reopening the property as the rebranded Ten resort.

The Casino Control Commission ruled that nothing is stopping Straub from reopening the property as a hotel, but he must be licensed if gambling is included.

Straub plans to appeal and said he still plans on opening part of the resort on Feb. 20.

Copyright Associated Press / NBC 10 Philadelphia

PHILADELPHIA BUSINESS JOURNAL]]><![CDATA[Wawa in Delco to Reopen, Sell Beer]]>Thu, 16 Feb 2017 12:33:26 -0500http://media.nbcphiladelphia.com/images/213*120/Wawa+Delco+Kenneth+Hilario.jpg

UPDATE: The store opened to fanfare and a ribbon cutting Thursday morning.

Media, Pennsylvania-based Wawa will reopen one of its Delaware County location after a month-long renovation that includes seating. And, for the first time in the Philadelphia region, Wawa will offer beer.

The Wawa at 721 Naamans Creek Road in Chadds Ford, Concord Township closed in January to undergo a few renovations, including "restaurant-style" seating.

It will reopen at 9 a.m. on Feb. 16 not only with overall updates and enhancements but with a walk-in beer cooler, and a single-service and six-pack section for beer sales.

This marks the first time in the Philadelphia region a Wawa will sell beer.

To read full article, click her.

For more business news, visit Philadelphia Business Journal.

Photo Credit: Kenneth Hilario/Philadelphia Business Journal]]>
PHILADELPHIA BUSINESS JOURNAL]]><![CDATA[Philadelphia Union Advertises for a Unique Position ]]>Wed, 15 Feb 2017 06:45:11 -0500http://media.nbcphiladelphia.com/images/160*120/PPL+Park+Union+Seats.jpg

The Philadelphia Union are hoping to ink a deal with somebody who will help the team tap into what it describes as professional soccer’s "youthful and contemporary culture."

The Major league Soccer club is looking to hire a chief tattoo officer.

“This is an exciting initiative for all of us here at Philadelphia Union as we look to provide a revolutionary service for our players and front office, particularly those new to the area,” said Doug Vosik, the organization’s vice president of marketing. “We are looking for a partner with a wide variety of talents and skills, and someone who can offer a broad range [of tattoos] including American traditional, as well as Japanese, realism, new school and more.”

To read full article, click here.

For more business news, visit Philadelphia Business Journal.

Photo Credit: Dan Stamm/NBC Philadelphia]]>
<![CDATA[What Mayor Kenney has Planned for his First SXSW]]>Tue, 14 Feb 2017 15:09:54 -0500http://media.nbcphiladelphia.com/images/213*120/SXSW+Kenney.PNG

Mayor Jim Kenney’s schedule for the his first SXSW next month is looking packed.

The city released details on Tuesday about what Kenney will be doing when he arrives in Austin to attend the music, film and innovation festival, making him one of the first city mayors to join in the major conference that’s a staple for entrepreneurs and innovators across the country.

He will kick off the weekend at the SXSW Interactive Festival by gathering with other U.S. mayors to participate in the event’s mayoral track, and meet leaders innovating in fields ranging from nonprofit work and philanthropy to media and technology. He’ll also speak on a panel focused on how immigration policies impact cities’ economic and social landscape called “Building Bridges when Others Want to Build Walls,” scheduled for March 11.

The busy weekend will wrap up at the SXSW Tradeshow, where Kenney will checkout the Amplify Philly exhibition, put together by a group of entrepreneurs, technologists, advocates, community organizers and civic leaders who are representing Philadelphia at the event for the second year in a row in an effort to draw people and companies to the city.

To read the full article, click here.

For more business news, visit Philadelphia Business Journal. 

Photo Credit: David Paul Morris, Philadelphia Business Journal]]>
<![CDATA[The Linc to Host 2 Gold Cup Games ]]>Tue, 14 Feb 2017 13:38:29 -0500http://media.nbcphiladelphia.com/images/238*120/ap-lincoln-financial-field-eagles.jpg

Lincoln Financial Field was once again selected as a site to host international soccer matches for the CONCACAF Gold Cup. And this time around, the home of the Philadelphia Eagles in South Philadelphia will host two quarterfinal matches.

The games will take place on July 19.

The Confederation of North, Central America and Caribbean Association Football (CONCACAF) competition is held every two years. The CONCACAF 2015 Gold Cup final was held at Lincoln Financial Field in 2015, attracting a sold-out crowd of more than 66,000 people. A third-place match was held at Talen Energy Stadium in Chester, Pennsylvania, home of Major League Soccer’s Philadelphia Union, that same year.

To read full article, click here.


For more business news, visit Philadelphia Business Journal.

Photo Credit: CSNPhilly.com]]>
PHILADELPHIA BUSINESS JOURNAL]]><![CDATA[UberEATS hits the Main Line]]>Tue, 14 Feb 2017 11:28:35 -0500http://media.nbcphiladelphia.com/images/180*120/UberEATS-menu-Godmother-1024x683.jpg

UberEATS has expanded to the Main Line, six months after the food-delivery service launched in Philadelphia proper for the first time.

UberEATS made its official debut on the Philadelphia circuit back in August after months of rumors. The city was one of the first 25 cities to receive the standalone app after UberEATS launched in 2015 in Toronto, Canada.

UberEATS has been available in other areas outside of the city limits, but now Main Line residents will be able to get food delivered right to their doors from local restaurants like The Grog in Bryn Mawr, Vida Taqueria in Havertown, Ginza Japanese Restaurant in Narberth, and Saffron Indian Kitchen in Ambler, among others.

To read full article, click here.


For more business news, visit Philadelphia Business Journal.

<![CDATA[Noodles & Company Closing 55 Restaurants]]>Tue, 14 Feb 2017 11:51:57 -0500http://media.nbcphiladelphia.com/images/213*120/Noodles+and+Company+072616.jpg

Noodles & Company announced plans to close approximately 55 restaurants in the coming months. 

The restaurant chain said the closures will help the company eliminate negative cash flow and improve overall performance. 

Affecting roughly one in 10 of the 510 total company-operated storefronts, the locations being shuttered are ones that “significantly” underperformed compared to the company’s restaurant averages, according to the announcement. The company operates across at least 35 states and Washington, D.C., according to its 2015 annual report. 

Many of restaurants that will be shut down were opened in the last two to three years in newer markets, the company said, although exact locations have yet to be released. 

"We will be disclosing more information about affected restaurants in the coming weeks," a company spokeswoman said.

Photo Credit: NBCWashington]]>
<![CDATA[Ford Bets $1B on Startup Founded by Waymo, Uber Vets]]>Fri, 10 Feb 2017 17:38:37 -0500http://media.nbcphiladelphia.com/images/213*120/GettyImages-631327980.jpg

Ford Motor is spending $1 billion to take over a budding robotics startup to acquire more expertise needed to reach its ambitious goal of having a fully driverless vehicle on the road by 2021.

The big bet announced Friday comes just a few months after the Pittsburgh startup, Argo AI, was created by two alumni of Carnegie Mellon University's robotics program, Bryan Salesky and Peter Rander.

The alliance between Argo and Ford is the latest to combine the spunk and dexterity of a technologically savvy startup with the financial muscle and manufacturing knowhow of a major automaker in the race to develop autonomous vehicles. Last year rival General Motors paid $581 million to buy Cruise Automation, a 40-person software company that is testing vehicles in San Francisco.

The Argo deal marks the next step in Ford's journey toward building a vehicle without a steering wheel or brake pedal by 2021 — a vision that CEO Mark Fields laid out last summer.

The big-ticket deal for the newly-minted company clearly was aimed at getting Salesky and Rande. Salesky formerly worked on self-driving cars at a high-profile project within Google — now known as Waymo — and Rander did the same kind of engineering at ride-hailing service Uber before the two men teamed to launch Argo late last year.

"When talent like that comes up, you don't ignore that ability," said Raj Nair, who doubles as Ford's chief technical officer and product development head.

The two will develop the core technology of Ford's autonomous vehicle — the "virtual driver" system, which Nair described as the car's "brains, eyes, ears and senses."

The decision to turn to Argo for help is a tacit acknowledgement that Ford needed more talent to deliver on Fields' 2021 promise, said one expert familiar with Salesky and Rande.

"This is likely a realization that Ford is behind relative to companies like GM, Audi, Volvo, Waymo and Uber, and is trying to catch up," said Raj Rajkumar, a Carnegie Mellon computer engineering professor who leads the school's autonomous vehicle research.

Salesky said Argo expects to have 200 workers by the end of the year. Argo employees will be given stock in the subsidiary as part of their compensation packages so they will be enriched if Argo's technology becomes a hot commodity.

The equity should set Argo apart from other companies in recruiting scarce tech workers. "There's a war for talent out there," Fields said.

By joining with Ford, Argo gets strong capital backing and expertise on other components needed to run autonomous cars, as well as product development and manufacturing knowledge, Salesky said. In return for its funding, Argo will design its driverless system exclusively for Ford and then have a chance to license the technology to other automakers in the future.

Competitors such as NVIDIA have developed artificial intelligence that learns about different situations as it's tested on roads, something that is almost essential for an autonomous car to function in heavy traffic on city streets.

Ford isn't just racing General Motors and other automakers to gain robotics experience. Uber bought autonomous trucking startup Otto for an estimated $680 million last summer primarily to get Otto's engineers on its team working on driverless vehicles. Otto co-founder Anthony Levandowski, another former Google engineer, is now overseeing Uber's testing of driverless cars in Pittsburgh and Arizona.

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: Scott Olson/Getty Images]]>
PHILADELPHIA BUSINESS JOURNAL]]><![CDATA[Md.-Based Sports Bar to Open in Montco ]]>Fri, 10 Feb 2017 12:06:26 -0500http://media.nbcphiladelphia.com/images/213*120/green+turtle+3.png

A Maryland-based sports-themed bar and grill chain will finally open its first Pennsylvania restaurant in Montgomery County this year after inking a 10-unit deal for the Philadelphia region nearly two years ago.

The Greene Turtle, a Columbia-based restaurant chain with a "Maryland flair" to its menu, in mid-2015 signed a 10-unit deal with franchisees operating under The Integrity Group name.

The first of those restaurants is under construction now; it's a conversion of a former Uno Chicago Grill restaurant at 1100 Bethlehem Pike in North Wales in Montgomery County.

The 6,500-square-foot, 248-seat Greene Turtle is halfway through its construction cycle, and it's expected to open sometime in April this year, according to Tom Finn, vice president of franchise development.

To read the full article, click here.

For more business news, visit Philadelphia Business Journal

Photo Credit: Google Street View]]>
PHILADELPHIA BUSINESS JOURNAL]]><![CDATA[Fairmount Sandwich Shop to Relocate ... But Not Far]]>Fri, 10 Feb 2017 10:51:09 -0500http://media.nbcphiladelphia.com/images/213*120/rybread2.jpg

A sandwich shop and café going on seven years in operation in the Fairmount neighborhood of Philadelphia will relocate to a bigger location this year, but it's not moving that far.

Rybread, owned by father-son team Dennis Pollock and Ryan Pollock, opened the restaurant at 2319 Fairmount Ave. in 2010, but the building was sold in August last year. The Pollocks received a six-month extension on their lease, until the end of April, so it came time to find a new space.

Rybread will move a few blocks down the street at 1711 Fairmount Ave, which will be a larger space, able to accommodate more guests and an expanded menu.

"We wanted to stay in the neighborhood," Ryan said. "We've become a neighborhood staple."

To read the full article, click here

For more business news, visit Philadelphia Business Journal

Photo Credit: Kristen Catalanotto]]>
<![CDATA[NBC10 Responds: Gym Membership Problems]]>Fri, 10 Feb 2017 09:02:27 -0500http://media.nbcphiladelphia.com/images/213*120/WCAU_000000019303489_1200x675_874267715816.jpg

NBC10 Responds’ Harry Hairston helps someone who joined a gym that kept on pushing back its opening date.]]>
<![CDATA[#SummerSavings Tips to Save Money Now]]>Fri, 10 Feb 2017 08:47:05 -0500http://media.nbcphiladelphia.com/images/213*120/WCAU_000000019303559_1200x675_874267715825.jpg

We tell you how to shop smart by starting to buy early for the things you’ll need in warmer weather this summer.]]>
<![CDATA[NJ Bank Sends Wrong Statements to Some Customers]]>Fri, 10 Feb 2017 07:45:53 -0500http://media.nbcphiladelphia.com/images/196*120/Sturdy+Savings+Bank+Sturdy+Bank+Cape+May+Court+House.JPG

A New Jersey bank has sent wrong statements to potentially hundreds of customers.

Cape May Court House-based Sturdy Savings Bank blames a printing error.

President Gerald Reeves tells The Press of Atlantic City some customers received information about other customers on their statements. Reeves says it was not a breach of the computer system's security and no one has access to their accounts.

The bank is alerting customers and corrected statements will be mailed to affected customers.

Sturdy has a dozen branches in Cape May County.

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: Google Street View]]>
<![CDATA[Iconic Montco Ice Cream Spot Up For Sale]]>Fri, 10 Feb 2017 07:56:23 -0500http://media.nbcphiladelphia.com/images/213*120/Jack+Frost+Montco+Restaurant+copy.jpg

A Montgomery County ice cream shop that's been serving scoops for over 50 years is looking for a new owner.

Jack Frost Luncheonette on Limekiln Pike in Glenside is on the market for $349,000.

The price for the business, which dates to 1959, includes all luncheonette equipment and parking space in the sale, according to a listing by The Sivel Group. The listing agent, Mark Malfara, said the owners were not available Thursday to comment.

Jack Frost has long served as a "local tradition" for the community.

Rachel Markey, an Abington native, said going to the ice cream shop has been a summer ritual for generations in her family.

"Every time we would visit as kids we would go to Jack Frost at night and watch the trains go by," Markey said, who visited family that lived a block away. " It became a family tradition. And now as adults, I would bring my kids every summer and tell them stories over ice cream."

Markey hopes the next owners keep the business going as a go-to ice cream spot. 

"It [would] be sad to see Jack Frost go," she said. "It has been around forever... since my mom was a kid."

Photo Credit: Google Street View]]>
PHILADELPHIA BUSINESS JOURNAL]]><![CDATA[Philly Native Behind Relaunch of ESPN's SportsCenter]]>Wed, 08 Feb 2017 11:16:36 -0500http://media.nbcphiladelphia.com/images/213*120/103749323_ESPNlogo.jpg

A North Philly native and graduate of Philadelphia High School for Girls is making waves at ESPN as the producer of ESPN’s relaunch of the 6 p.m. hour of SportsCenter.

The show-- with hosts Michael Smith and Jemele Hillis-- the latest attempt by the high-profile sports network to draw in more viewers, and, as Philly.com reports, Jasmine Alexander will be working off-screen to make that happen.

“Previously on SportsCenter, hosts would give the news and bring on experts to react to what’s happening,” Alexander said. "In Michael and Jemele, you have built-in journalists who can share their own opinion in a thoughtful and entertaining way. That sets us apart from what we were doing before.”

To read full article, click here.

For more business news, visit Philadelphia Business Journal.

Photo Credit: Bloomberg via Getty Images]]>
<![CDATA[Medical Marijuana: How You Can Cash in on Pa.'s Program]]>Wed, 08 Feb 2017 10:12:21 -0500http://media.nbcphiladelphia.com/images/213*120/Medical+Marijuana+Americans+for+Safe+Access.jpg

Perched high above Old City in Philadelphia, one dozen smartly dressed professionals sat in a conference room Tuesday morning learning about medical marijuana.

The cohort represented a diverse gathering of interests - from technology to pharmaceuticals - all with the same goal: to cash in on what experts predict will soon be a multibillion dollar industry.

“What do Dutch sailing vessels and BMW have in common?” asked Jahan Marcu, senior scientist at Americans for Safe Access (ASA) and Temple University graduate.

“Cannabis,” someone answered.

“Right!” Marcu replied, going on to explain that cannabis has been used for centuries to make fabrics, treat pain and boost appetites.

Indeed, BMW used pressed hemp as a wood alternative for its electric car, the i83, that debuted in 2014. And the Vikings preferred hemp sails because the tough fabric withstood salt water better than cotton or other materials.

“Hemp is still used to this day to make textiles … but other parts of the plant have different uses,” Marcu concluded.

Those other uses are what attracted this group to Tuesday’s gathering hosted by ASA, a D.C.-based advocacy group that advances medical marijuana research and therapeutics through government policy, quality control and consumer safety.

For the rest of the week, people interested in entering Pennsylvania's nascent  cannabis program will participate in intensive training sessions geared towards growers, manufacturers, retailers and regulators.

Led by Marcu, Tuesday's workshop looked more like a corporate training session than a gathering of cannabis enthusiasts.

The professional tone, complete with workbooks and PowerPoint presentations, spoke to the future of weed in coming years. Once dismissed as the province of hippies and stoners, cannabis is quickly becoming big business that will generate billions as more states adopt medical marijuana programs or legalize recreational pot.

A recent report by Arcview Market Research found that regulated pot sales in North America totaled $6.9 billion in 2016. Sales are projected to increase to about $21.6 billion by 2021.

“Cannabis is set to overcome any regulation that is passed,” Marcu said. “It is a versatile plant that is basically non-toxic.”

Despite the apparent green rush, the Drug Enforcement Administration refused to reclassify marijuana last year. It is still considered a Schedule I drug with no medical properties, akin to heroin or cocaine in the eyes of the federal government. This battle between the federal government and weed-friendly states has not prevented business-savvy individuals from dipping their toes into the blossoming industry, which is slated to take off in Pennsylvania in 2018 under a recently adopted medical marijuana program.

The program will accept applications from February 20 until March 20 for cultivators, shop owners and everything in between. Those attending ASA’s training program said they want to enter into the industry efficiently and intelligently.

This includes Daniel Kearns, 32-year-old engineer whose partners are applying for a license in the south central zone of the state, which includes York and Harrisburg.

“We saw the legislation being written and it seems like a lot of people in this industry are not doing it the right way,” he said. “When you say ‘medicine’ there are a lot of quotation marks.”

Kearns said his partners are committed to entering medical marijuana in the “right way.” That includes learning the intricacies of state regulation, biological compounds of cannabis and best practices for dispensing medication. 

“We’re doing the research and making sure all the products we make really are in line with what the science is saying,” he said. 

Born in South Korea and raised in central Pennsylvania, Kearns said he was prescribed opioids for pain following surgery and Ambien for sleeplessness. Both came with unwanted side effects that felt too harsh compared to the symptoms they were supposed to be treating.

Regular visits to Colorado, which legalized recreational pot in 2012, convinced Kearns that cannabis was more effective and less dangerous than prescription pills.

Attendee Scott Shank arrived at a similar conclusion through his own experiences with heavy medication.

Like other converts, Shank has witnessed the dangers of opioid use and addiction. When he was just 14 years old, he spent several weeks in the hospital on a morphine drip following a motorcycle accident. Almost immediately, addiction kicked in.

“I can remember my blood itching,” Shank said. 

His mother, a nurse, saw what was happening to her son and helped wean him off the medication. Since then, Shank continued to experience chronic back and joint pain from football injuries and a car accident later in the life. He swore to never go back to opioids, and even convinced his mom to soften her stance on medical marijuana.

"She came around once I showed her the research," he said.

The company he represents, AgriMed Industries, already operates in Puerto Rico and has seen rapid growth as part of their medicinal model.

And that is what convinced Shank to enter the cannabis industry, he said.

“I wanted to serve humanity, help people who are suffering,” said the former military security systems specialist.

Shank admits that jumping from the military to cannabis was ironic at best. He joked that several former colleagues “don’t approve of the transition, but there are others who think it’s cool and want to make the jump, as well.”

Photo Credit: Alicia Victoria Lozano ]]>
<![CDATA[First of 6 New Krispy Kremes Opens in New Jersey]]>Wed, 08 Feb 2017 06:43:29 -0500http://media.nbcphiladelphia.com/images/213*120/krispy+kreme+nj.jpg

Mornings for Jersey City residents just got a whole lot sweeter. 

Krispy Kreme opened its long-anticipated Jersey City store Tuesday. Lines started building around the Christopher Columbus Drive shop as commuters kicked off their work days.

The store is the first of six planned Krispy Kreme locations in Bergen and Hudson counties. The doughnut company announced in April it had signed a development agreement with Entrepreneurs, LLC, to open the shops over the next several years.

According to NJ.com, the Jersey City spot is Krispy Kreme's only factory store in New Jersey. It can make up to 65,000 doughnuts a day and seat 45 people. The store opens at 5 a.m. Monday through Friday and at 6 a.m. on the weekends. 

Twitter was abuzz over the opening, with some users bragging they had already had two doughnuts before 9 a.m.

Photo Credit: NBC 4 New York
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PHILADELPHIA BUSINESS JOURNAL]]><![CDATA[Philly Institute Receives Grant for Ovarian Cancer Research ]]>Tue, 07 Feb 2017 16:37:13 -0500http://media.nbcphiladelphia.com/images/213*120/Monell+Chemical+Senses+Center.jpg

Research from the Monell Chemical Senses Center have received a three-year, $815,000 grant to advance their work in identifying a characteristic odor that can be used to detect early stage ovarian cancer.

The grant was awarded to the Philadelphia research center by the Robert J. Kleberg, Jr. and Helen C. Kleberg Foundation.

Monell organic-analytical chemist George Preti is the principal investigator for the study, which will involve a multi-disciplinary team of researchers confirming initial findings of a unique odor pattern, known as an odor signature, for ovarian cancer.

To read full article, click here.

For more business news, visit Philadelphia Business Journal.

Photo Credit: Google Street View]]>
PHILADELPHIA BUSINESS JOURNAL]]><![CDATA[Philly Company Donating $100 to ACLU for Every Interview]]>Wed, 08 Feb 2017 06:45:59 -0500http://media.nbcphiladelphia.com/images/213*120/Red+Sparks+Employee.jpg

As Greater Philadelphia's tech scene coalesces in opposition of President Donald Trump’s controversial travel ban, digital marketing company Red Spark is hoping to lead a movement within the movement.

Stephen Gill, Red Spark co-founder and CEO, said his company will be donating $100 to the American Civil Liberties Union for every interview it conducts until April 28.

With the company interviewing anywhere from seven to 10 potential hires a week, the donations could add up to a significant sum over the next 11 weeks. Gill however is hoping to get other local tech companies on board — the company is coining the hashtag #YouBelongHerePhilly to organize the effort — to maximize donations to the ACLU, which is leading the legal fight against the ban.

To read full article, click here.

For more business news, visit Philadelphia Business Journal

Photo Credit: Photo Courtesy of Red Sparks ]]>
<![CDATA[Bucks County-Based Brewer Coming to Montgomery County]]>Wed, 08 Feb 2017 11:03:18 -0500http://media.nbcphiladelphia.com/images/213*120/Guild+Hall+Jenkintown+Neshaminy+Brewery.png

Neshaminy Creek Brewing Company, a thriving taproom in Bucks County, announced it is opening a new location in the next county over.

The Croydon-based brewery is "more than just in talks" to take over the shut-down Guild Hall Brewing Company in downtown Jenkintown, Montgomery County.

The settlement date for the spot, located at 208 York Road next to the Hiway Theater, is set for Feb.17, they said on their website. 

Neshaminy Creek previously announced they were expanding to Fishtown, but the deal fell short.

"Our [Fishtown] landlord terminated our lease due to their dissatisfaction in our ability to receive the necessary zoning and use permits from the City of Philadelphia in an agreeable time frame," they said.

Photo Credit: Neshaminy Creek Brewing Company]]>
<![CDATA[Record Year for Delaware Tourism]]>Wed, 08 Feb 2017 06:36:19 -0500http://media.nbcphiladelphia.com/images/218*120/Generic+Delaware+Map+Delaware+Generic.JPG

State officials are touting a record-breaking year for Delaware's tourism industry.

The Delaware Tourism Office released a report Tuesday showing 8.5 million visitors came to Delaware in 2015.

In January 2015, began using a new slogan: "Delaware: Endless Discoveries."

Officials say tourism accounted for $3.1 billion of Delaware's gross domestic product and is responsible for 42,000 jobs.

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: AP]]>
<![CDATA[Tips for Renting a Jersey Shore House]]>Tue, 07 Feb 2017 08:06:18 -0500http://media.nbcphiladelphia.com/images/198*120/Sea+Isle+City+Shore+Houses.JPG

NBC10's Matt DeLucia headed to the Jersey Shore to learn some ways renters can save money when renting a property for the summer. Realtor Karen Kelner gives a tour of an available shore rental.

Photo Credit: NBC10]]>
<![CDATA[NBC10 Responds: Useless Gift Cards]]>Mon, 06 Feb 2017 07:54:24 -0500http://media.nbcphiladelphia.com/images/202*120/Mile+High+Steakhouse+Gift+Card.JPG

Mile High Steak and Seafood restaurant sold gift cards to their customers just weeks before going out of business. Diners Ellen Britton and her husband became frustrated and hoped to get their money back, so they turned to Harry Hairston and our NBC10 Responds team.

Photo Credit: NBC10]]>
PHILADELPHIA BUSINESS JOURNAL]]><![CDATA[Trump's Policy Could Hurt Philly Workforce]]>Sun, 05 Feb 2017 12:40:45 -0500http://media.nbcphiladelphia.com/images/213*120/donald-trump-veto-migratorio-005.jpg

Greater Philadelphia has 52,800 federal government employees – the eighth highest total among U.S. metropolitan areas. Many of them are likely worried about their future.

President Trump has promised to eliminate waste and redundant positions throughout the federal bureaucracy. The extent of that policy is not yet clear. '

Some U.S. regions are more dependent on federal employment than others, as highlighted by U.S. Bureau of Labor Statistics figures that break out total federal employment in the 149 largest metropolitan statistical areas in the country. The group includes 11 communities where federal employees account for more than 5 percent of the total local workforce as well as 58 MSAs that had at least 10,000 jobs filled by federal workers.

Trump has yet to specify the extent of his planned overhaul of the federal workforce. Last week, the administration froze all federal hiring, pending a review of the government's payroll. The White House said the effort's ultimate goal is to identify areas of bloat and to reduce the federal workforce through attrition.

To read the full article, click here

For more business news, vist Philadelphia Business Journal

Photo Credit: Getty Images]]>
<![CDATA[A $1.1 Million Bet, and a Lot of Happy Bookies in Vegas]]>Sat, 04 Feb 2017 20:45:06 -0500http://media.nbcphiladelphia.com/images/213*120/AP_17035645280325-Super-Bowl-LI.jpg

A bettor using his phone app put $1.1 million on the Atlanta Falcons plus 3 points in the Super Bowl, part of an influx of money that could make Sunday a record day in Las Vegas sports books.

Sports books around the city said betting was strong leading up to the game, with a good chance the action will top the record $132.5 million wagered on last year's game between Denver and Carolina.

"I wouldn't bet against it," said Jay Kornegay, who runs the sports book at the Westgate Las Vegas. "It will be close, but I think we could easily set another record."

The unidentified bettor who wagered the $1.1 million was a customer of CG Technology, which operates a string of sports books in the city. The bettor will get $2.1 million back if the Falcons win the game or lose by 1 or 2 points.

"For a Super Bowl a bet of that size is not all that unusual," said Jason Simbal, vice president of risk for CG Technology. "Historically we'll generally take a bet of $500,000 and up on the Super Bowl."

Simbal said the line at his company's books did not move on the big bet, largely because of a number of smaller bets made on the New England Patriots. He and other bookmakers said there was such strong action on both teams that the line hasn't moved off 3 points since it was first set nearly two weeks ago.

"We're pretty balanced, with 53 percent of the money on the Falcons," Simbal said. "It seems like everybody else is in a similar position, too."

At the Westgate, Kornegay said the betting line was 80 deep Saturday afternoon as bettors who had been studying the line for the last 12 days began putting money on their favorite. Kornegay said bookies were getting such good two-way action that there is almost no risk of losing money on the biggest bet game of the year.

"It's a very comfortable booking game for us," Kornegay said. "We pretty much know what we need to do and it's very easy to position yourself there with not much effort."

The situation was similar at the South Point hotel-casino, where veteran oddsmaker Jimmy Vaccaro was enjoying a relatively relaxing day.

"This is a bookmaker's delight," Vaccaro said. "We haven't had to move one number, one side, one total or the money line."

Nevada sports books made $13.3 million on last year's game, which drew a record handle. That was in line with the 10 percent books charge bettors as the vigorish, or "vig" as it's known in the industry.

Bettors can wager on hundreds of so-called props, or proposition bets at most books that include everything from who will win the coin flip to whether the game will go to overtime. The props have taken on a life of their own in recent years, with books trying to outdo each other with new offerings.

At the William Hill string of books, one bettor wagered $500 that the Patriots would score exactly 46 points. The odds against it were 150-1, meaning the ticket would cash for $75,000 if it hit.

Another wager was $100 someone put on there being no touchdowns in the game at 500-1 odds, which would pay off $50,000.

Vaccaro, who has been running sports books in Las Vegas since the late 1970s, said he can't remember a Super Bowl where there was almost no movement on any of the lines.

"This is as good as it gets for us," he said.

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: Charlie Riedel, AP]]>
<![CDATA[Uber Buys Plane Tickets for Drivers]]>Sun, 05 Feb 2017 16:01:34 -0500http://media.nbcphiladelphia.com/images/213*120/Travis-Kalanick.jpg

Uber CEO Travis Kalanick says his company is buying plane tickets for stranded drivers now that a federal judge has put a hold on President Donald Trump's ban on travel to the United States by people from seven Muslim-majority countries.

Kalanick tweeted Friday night that the head of litigation for the San Francisco-based ride-hailing company is "buying a whole bunch of airline tickets ASAP!"

He added, "#homecoming #fingerscrossed."

Last weekend, the New York City Taxi Workers Alliance called for a temporary halt to rides heading to John F. Kennedy airport. Several immigrant detainees were being held at a terminal there before being released when a judge intervened to block parts of Trump's executive order.

Uber continued to carry passengers to the airport. 

Users angered by the fact that the company didn't completely halt service in solidarity lashed out by vowing to delete their Uber applications.

U.S. District Judge James Robart in Seattle put a nationwide hold Friday night on Trump's executive order. And the State Department said Saturday it has reinstated the visas of the thousands of travelers who were affected by the ban.

Meanwhile, Trump tweeted Saturday that the judge's ruling "is ridiculous and will be overturned!"

Kalanick quit Trump's council of business advisers on Thursday.

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: Steve Jennings, Getty Images for TechCrunch]]>
PHILADELPHIA BUSINESS JOURNAL]]><![CDATA[Philly-Area Hospitals, Med Schools to Fight Brain Tumors]]>Sun, 05 Feb 2017 06:58:02 -0500http://media.nbcphiladelphia.com/images/213*120/Brain+Tumor+Philadelphia.jpg

A group of area hospitals and medical schools are creating the Philadelphia Coalition for a Cure, an initiative launched to speed the development of new ways to treat adult and pediatric brain tumors.

The coalition will include researchers from the division of neurosurgery and Center for Data Driven Discovery at The Children’s Hospital of Philadelphia and from the neurosurgical departments of the Perelman School of Medicine at the University of Pennsylvania, the Lewis Katz School of Medicine at Temple University, the Drexel University College of Medicine, Sidney Kimmel Medical College at Thomas Jefferson University, and Cooper Medical School of Rowan University.

The group also includes researchers from the Hyundai Cancer Institute at the Children’s Hospital of Orange County.

NantHealth, Inc. (NASDAQ: NH), a personalized health care company based in California, will supply participating researchers with access to its molecular profiling and diagnostics test, GPS Cancer, to help them develop better informed treatment strategies for patients with brain tumors. The coalition intends to share the resulting data with the worldwide research community.

“Brain tumors can occur at any age, and can be found in anyone,” said Dr. Jay Storm, chief of the Division of Neurosurgery at The Children’s Hospital of Philadelphia. “They are the leading cause of disease-related death in children and, this year alone, more than 20,000 adults will be newly diagnosed with brain tumors. Through the PC4C, CHOP, CHOC and the leading adult Philadelphia institutions are coming together to define a new clinical and research collaborative ecosystem that harnesses partnerships among leading academic centers, commercial partners and payers in order do what needs to be done on behalf of patients – identify therapies and accelerate discovery.

To read full article, click here.

For more business news, visit Philadelphia Business Journal.

Photo Credit: blueringmedia]]>
<![CDATA[Wawa Sues NJ 'Dawa' Store Over Name Similarity]]>Sat, 04 Feb 2017 08:58:33 -0500http://media.nbcphiladelphia.com/images/213*120/Wawa+1900+Market.PNG

Philadelphia-area convenience store favorite Wawa sued a North Jersey convenience store called Dawa.

Pennsylvania-based Wawa, which has more than 700 convenience stores in six states, has filed a trademark infringement lawsuit against the store in Paterson. Wawa says Dawa is taking advantage of its hard-earned reputation.

"Dawa" is a casual way to say "come in" in Korean and is interpreted to mean "welcome."

Dawa owner Mike Han told the Courier-Post that he named it that, because everyone is welcome at the store in an industrial area between a rail line and the Passaic River.

But Wawa spokeswoman Lori Bruce says that the company has an obligation to protect its consumers from any confusion and protect the brand name.

The company sued a Florida store named Wawa Curry Taste back in 2014 claiming its name was also too close to Wawa's trademark.

Wawa's name is derived from a Native American word for Canada goose.

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: NBC10]]>
<![CDATA[Pa. Investment Firm Apologizes to 17K Millionaires]]>Fri, 03 Feb 2017 12:10:28 -0500http://media.nbcphiladelphia.com/images/213*120/The+Vanguard+Group.jpg

A Pennsylvania-based investment firm is apologizing to about 17,000 millionaire clients.

Philly.com reports Vanguard Group, of Malvern, is reaching out to clients who've invested $1 million or more because of a recent email it sent to them. In sending the email, the names of 100 or so financial advisers who handle the clients were replaced with a supervisor's name, who wouldn't know the clients on a first-name basis.

Vanguard says it considered recalling the email, but nearly half of the investors who received it had already opened it. The company's financial advisers are being asked to apologize to clients personally.

The email encouraged the clients to invest more money, saying that "hoopla" surrounding President Donald Trump's election and other factors should have "limited long-term impact" on investments.

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: Google Earth ]]>
<![CDATA[First US Jobs Report of Trump Era: 227K Jobs Added]]>Fri, 03 Feb 2017 09:47:17 -0500http://media.nbcphiladelphia.com/images/213*120/GettyImages-632590438.jpg

U.S. employers stepped up hiring last month, adding a healthy 227,000 jobs, and more Americans began looking for work, a sign that President Donald Trump has inherited a robust job market.

January's job gain was the best since September and exceeded last year's average monthly gain of 187,000, the Labor Department reported Friday.

The unemployment rate ticked up to a still-low 4.8 percent last month from 4.7 percent in December. But the rate rose for a mostly good reason: More Americans started looking for work, though not all of them immediately found jobs. The percentage of adults working or looking for jobs reached its highest level since September.

Yet some of the economy's weak spots remain: Average hourly wages barely increased last month. And the number of people working part time who would prefer full-time work rose.

January's jobs figures reflect hiring that occurred mainly before Trump was inaugurated on Jan. 20. Still, it was the first employment report to be released with Trump occupying the White House, and he seems sure to take a close interest in it.

As a candidate, Trump frequently argued that the government's jobs data exaggerated the health of the economy. He called the unemployment rate a "hoax" and said it declined after the recession under President Barack Obama mainly because many Americans stopped working or looking for work.

The biggest factor in that trend has been widespread retirements by the vast generation of baby boomers.

Measures of business sentiment indicate that many employers have adopted a more positive outlook since Trump's election victory in November. The president's promised tax cuts, deregulation and infrastructure spending have increased optimism that the economy's sluggish pace of growth will pick up.

The National Federation of Independent Business said its measure of small business optimism soared 38 points in December to its highest level since 2004. And the Conference Board's consumer confidence index jumped to a 15-year high in December before dipping slightly last month.

The Federal Reserve has taken notice. It inserted a reference to the improved consumer and business outlook in a statement it issued after its policymakers met this week. The Fed left its key interest rate unchanged but struck a slightly more upbeat tone about the economy.

The economy appears to be on firm footing, and the possibility of further stimulus from tax cuts and infrastructure spending could quicken inflation and lead the Fed to raise rates more rapidly, some economists say.

Joseph LaVorgna, an economist at Deutsche Bank, said he is optimistic that the economy will accelerate this year, in part because of Trump's policies. But he thinks hiring is more likely to accelerate later this year.

In the meantime, most recent economic data have been positive and have pointed to a pickup in growth this year after a lackluster 2016.

American factories expanded last month at their fastest pace in more than two years, according to a private survey of purchasing managers. Production and new orders rose at a healthy pace. And a gauge of hiring suggested that manufacturers may have added jobs at a faster pace in January.

Businesses are also spending more on such high-priced items as industrial machinery, computers and autos, a government report last week showed.

Consumers are showing renewed health, too. They boosted their spending in December by the most in three months.

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: Shawn Thew/Getty Images
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<![CDATA[Hooters Opening Fast-Casual Spinoff Hoots]]>Fri, 03 Feb 2017 06:47:44 -0500http://media.nbcphiladelphia.com/images/213*120/hoots-rendering-edited.jpg

During the first few weeks of January, “New Year, New Me” became a popular mantra. Hooters seems to have taken the words to heart and made good on its New Year’s resolution.

The restaurant chain, known for its scantily clad female employees, has decided to launch a new fast-casual franchise that will still have wings, but fewer breasts.

In an attempt to attract millennial and female diners, the company announced Tuesday that it will open Hoots, where servers will no longer wear the famous skintight Hooters tank-tops and booty-exposing orange shorts. Instead, they’ll have a uniform that includes a “newly designed Hoots shirt” and either shorts or pants, Hoots spokesperson Liz Harmon told the Huffington Post

The eatery will consider employees of both genders, a radical shift from Hooters’ all-female waiting staff. The first Hoots will open outside of Chicago in Cicero, Illinois, in mid-February.

“We selected Chicago as our launch market largely due to the success of our carry-out business in the Chicagoland area,”said Neil Kiefer, Hooters Management Corporation president and CEO.

The first branch will cover about 2,800 square feet, support 30 employees, and have a 75-person capacity. Equipped with a full bar, its menu will serve up Hooters’ greatest hits. 

But are traditional Hooters’ patrons there for the taste or the view? Given the popularity of other “breastaurants” like Twin Peaks, demand for venues like Hooters is clearly still high. Though fast-casual dining is also a growing market, especially among young adults, it remains to be seen whether people will go to Hoots just for the food.

Company higher-ups seem hopeful.

“It is a logical extension of the brand and will provide more people with more opportunities to enjoy our world famous wings,” said Terry Marks, Hooters of America president and CEO. “We have a lot to learn, but we are excited about the potential.”

Photo Credit: Hooters]]>
<![CDATA[NJ Drugmaker Sees Profits Soar]]>Fri, 03 Feb 2017 07:00:59 -0500http://media.nbcphiladelphia.com/images/213*120/MerckKeytruda-AP_41869771122.jpg

Profits at the drugmaker Merck surged in the fourth quarter, and the company CEO told investors that a "constructive" meeting with President Donald Trump focused on reducing taxes and relaxing regulations.

Merck CEO Kenneth Frazier on Thursday said he's encouraged by an initial meeting he and other pharmaceutical executives had Tuesday with Trump, who has said drugmakers have been "getting away with murder" on drug prices.

The pharmaceutical industry has come under fire in recent months over soaring drug prices, which have been blasted by patients, doctors, politicians and others. Drug companies and investors have been alternatively worried that the Trump administration and Congress will move to reduce prices, and cheered by hopes that they will help them increase profits by reducing taxes and reducing regulations so they can bring new drugs to market faster.

On a conference call to discuss Merck's latest financial results, Frazier told analysts the meeting with Trump focused on possible changes to U.S. tax laws, removing "outdated" regulations and using market forces to make medicines more affordable.

"What I heard from Mr. Trump was a concern less around the costs of drugs in the aggregate," and more about affordability for patients and finding a way for them to share in the sizeable discounts insurers and other payers negotiate with drugmakers, Frazier said.

He said more meetings with Trump are expected, and that while he expects Congress to introduce bills calling for government price negotiations or controls, he doesn't think that's widely seen as a solution.

Merck's fourth quarter profit surged 21 percent on the strength of aggressive cost-cutting and sales of two new drugs, the cancer medicine Keytruda and the hepatitis C treatment Zepatier.

Keytruda is among the most successful of a new generation of cancer medicines that work by helping the immune system fight tumors. Launched in September 2014 for advanced skin cancer, Keytruda has since been approved for treating lung cancer â a much bigger market â plus head and neck cancer.

Keytruda had sales of $483 million in the quarter and $1.4 billion over 2016, and could get U.S. approval in March for two other tumor types. Edward Jones analyst Ashtyn Evans wrote to investors that she expects annual Keytruda sales to reach $7 billion by 2020.

Zepatier was launched early last year in the crowded field of new drugs that cure hepatitis C. It brought in $229 million in fourth-quarter sales, putting it on pace to possibly hit $1 billion in sales this year.

Strong sales of those and other drugs, plus the cost cuts, helped Merck overcome the ongoing drag of lower revenues from older drugs, especially ones that are starting to face competition from generics, like the cholesterol pill Zetia and the allergy spray Nasonex. That will continue, as a big-selling cholesterol drug, Vytorin, will soon face cheaper copycats.

Merck, the country's second-biggest drugmaker, reported fourth-quarter net income of $1.18 billion, or 42 cents per share. Excluding one-time costs, earnings were 89 cents per share, a penny better than industry analysts had projected. Sales dipped 1 percent to $10.12 billion, just shy of Wall Street forecasts for $10.2 billion.

Merck shares jumped $1.75, or 3 percent, to $63.85 in midday trading.

The Kenilworth, New Jersey, company expects full-year earnings in the range of $2.47 to $2.62 per share, with revenue of $38.6 billion to $40.1 billion â just a tad below what analysts were expecting.

For all of 2016, Merck reported net income of $5.7 billion, or $2.04 per share, on revenue of $39.8 billion.

BernsteinResearch analyst Tim Anderson called the 2017 forecasts "a relief," given Merck's prior cautionary language and what its rivals have been predicting for 2017.

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: AP]]>
<![CDATA[Snap Inc., Owner of Snapchat, Files for IPO]]>Thu, 02 Feb 2017 21:08:59 -0500http://media.nbcphiladelphia.com/images/180*120/Snapchatcreator.jpg

The company behind Snapchat, a teen-oriented social network famous for its quickly disappearing messages, has filed for what could be one of the largest tech IPOs in years.

Snap Inc. said Thursday that it's seeking up to $3 billion in an initial public offering, a figure that could shift based on investor demand. That demand will help determine the price per share sought by Snap in the upcoming weeks.

Snapchat has millions of users, and Snap has built a thriving ad business on it. But the company has also made a lot of money — nearly $900 million — disappear in the past two years.


The fast-growing social network for the younger set boasts 158 million daily users. It lets people send photos, videos and messages that disappear a few seconds after viewing. It was created in 2012 by Evan Spiegel, who dropped out of Stanford University just three classes shy of graduation to focus on the app.

Spiegel, 26, is poised to become a multibillionaire, along with his former fraternity brother at Stanford, Robert Murphy, 28, who is also a company co-founder.

Each man owns 227 million shares of Snap stock, which was valued at $30.72 per share nine months ago when the company raised $700 million from a group of investors, according to its IPO documents filed Thursday. If Snap can fetch the same price in its IPO, Spiegel and Murphy each will be worth $7 billion.

Snapchat could have died a quick death as a "sexting app," but Spiegel showed a knack for adapting to users' whims and demands, just as Facebook has over the years. This, as both companies have discovered, is key to outlasting social media fads. Snapchat is no longer just about disappearing messages.

Over the years, it has added a "Discover" section where a diverse group of publishers — including People, the Wall Street Journal, CNN, Vice and Food Network — post video-heavy stories aimed at millennials.

Another feature, "Stories," lets people create a narrative from messages, videos and photos from the past 24 hours. It's so popular that Facebook's Instagram now has a version of it, too.

And then there's goofy "Lenses," which lets people add animated overlays to photos and videos — animals, for example, or flower crowns and sparkly eyes. The company came under fire a couple of times for adding filters many saw as racist. One had slanted eyes and buck teeth commonly associated with negative Asian caricatures; another, which Snap called a "Bob Marley" filter, darkened people's skin. Snap later got rid of the offending filters.


The highly anticipated IPO is expected to be the one of the largest since Alibaba Group went public in 2014. But Snap is better known than the Chinese e-commerce company, and so draws comparisons to the IPOs of Facebook and Twitter. Facebook raised $16 billion when it went public in 2012.

If its IPO matches the $30.72-per-share price obtained in its last round of financing, Snap would have a market value of about $30 billion, based on the quantity of outstanding stock listed in its IPO documents.

Investors who snap up the IPO will be taking a gamble on a Los Angeles-based company that has lost $1.2 billion so far while growing rapidly. Snap had revenue of $404.5 million in 2016, up from $58.7 million in 2015. Its net loss was $514.6 million last year, up from $372.9 million the year before.

Facebook, on the other hand, was profitable in 2011, the year before its IPO, with net income of $1 billion. Twitter has never turned a profit.

Snap stockholders must also evince near-complete trust in the business acumen of Spiegel and Murphy. The co-founders will have controlling power over all matters at Snap through a special class of stock that gives them 10 votes for every share they own. The stock being sold in the IPO has no voting power, while another class has one vote per share.

The discriminating classes of stock designed to give final say to the company founders is similar to setups at Facebook, where CEO Mark Zuckerberg holds all the power, and Google parent Alphabet, where Larry Page and fellow co-founder Sergey Brin can override all other shareholders.

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: AP Photo/Jae C. Hong]]>
<![CDATA[Del. Health System Receives Generous Donation from Patient]]>Thu, 02 Feb 2017 16:53:04 -0500http://media.nbcphiladelphia.com/images/213*120/Helen+F.+Graham+Cancer+Center+and+Research+Institute.PNG

The Wilmington-based Christiana Care Health System has received a $1 million gift from the Bacchieri Family Fund to support multidisciplinary care and innovative research aimed at stemming the growing rate of head and neck cancer in Delaware and the United States.

The gift, from Gregg Bacchieri and his wife, Stacey, of Kennett Square, Pa, to the health system’s Helen F. Graham Cancer Center & Research Institute in Newark, Delaware, will be used for clinical care delivery and clinical trials for cancers of the head and neck at Christiana Care.

To read full article, click here.



For more business news, visit Philadelphia Business Journal.

Photo Credit: Photo Courtesy of Philadelphia Business Journal]]>
<![CDATA[Lowe's Bringing Hundreds of Jobs to Philly Area ]]>Fri, 03 Feb 2017 11:15:54 -0500http://media.nbcphiladelphia.com/images/213*120/AP_16321410353787-Lowes-storefront.jpg

Need a job for the spring?

Lowe's is hiring 45,000 seasonal employees nationwide, the company said Thursday. Spring is the home improvement giant's busiest time of the year.

Of the total open jobs, the home improvement chain has 3,232 open positions in Pennsylvania, and 1,323 in the Philadelphia area.

Available positions include cashiers, lawn and garden associates, stockers and assemblers of outdoor products.

Due to the increasing number of internet shoppers, the company also plans to hire loaders to assist online customers who go to their local store and pick up their items. 

For more information on Lowe's seasonal hiring, click here.  

Photo Credit: AP]]>
PHILADELPHIA BUSINESS JOURNAL]]><![CDATA[Reading Terminal Market Hosts Dinner With Syrian Refugees]]>Thu, 02 Feb 2017 12:08:12 -0500http://media.nbcphiladelphia.com/images/213*120/Reading+Terminal+Market+Sign.jpg

The Reading Terminal Market on Tuesday night hosted dozens of Syrian refugees, another 30 Philadelphia-area residents and more for a dinner event meant to build bridges to the city's immigrant communities through cooking classes.

The Reading Terminal Market was one of 37 winners of the Knight Cities Challenge by the Knight Foundation, which awarded the marketplace with over $84,700. The winners were chosen from more than 4,500 applicants.

On Tuesday night, over three dozen Syrian refugees and about 30 residents from the Mayfair section of Philadelphia gathered at the Reading Terminal Market for a cooking-dinner event called Breaking Bread, Breaking Barriers.

To view images of the event and read the full article, click here


For more business news, visit Philadelphia Business Journal

<![CDATA[NBC10 Responds: Cellphone Rebate That Never Came]]>Thu, 02 Feb 2017 07:43:15 -0500http://media.nbcphiladelphia.com/images/213*120/WCAU_000000019136763_1200x675_868405827562.jpgNBC10’s Harry Hairston helps Maryclaire Bassaleda after she didn't get the money back rebate that was promised to her by a major phone carrier.]]><![CDATA[Facebook Quarterly Earnings Top Expectations]]>Wed, 01 Feb 2017 16:34:54 -0500http://media.nbcphiladelphia.com/images/213*120/red-social-facebook-logo.jpg

Facebook reported quarterly earnings that beat analysts' estimates on Wednesday, and revenue that topped expectations, as ad revenue grew 53 percent in a quarter.

Shares rose 3 percent after hours.

Facebook's ad business zoomed higher, as retailers poured money into snagging customers during the busy holiday shopping season. Only Google rivals Facebook when it comes to digital advertising dominance.

Facebook now has 1.146 billion daily mobile active users.

"Our business did well in 2016, but we have a lot of work ahead to help bring people together," Zuckerberg said in a statement.

PHILADELPHIA BUSINESS JOURNAL]]><![CDATA[Frontier Reinstates Flights Between PHL & San Antonio]]>Wed, 01 Feb 2017 15:28:29 -0500http://media.nbcphiladelphia.com/images/213*120/frontier+airlines+PBJ.PNG

Frontier Airlines will reinstate nonstop service between the City of Brotherly Love and the Alamo City.

Along with the return of the San Antonio to Philadelphia route, Denver-based Frontier Airlines is expanding its service to and from San Antonio International Airport with three weekly nonstop flights to Chicago’s O’Hare International Airport beginning April 23.

In addition, Frontier plans to reinstate nonstop service from San Antonio to Atlanta in April, the same month nonstop service to Philly will resume.

Brian Pratte, air services administrator for San Antonio’s aviation department, said the new service to Chicago is a big deal.

“You have to maintain what you’ve got,” he said. “But you also have to grow service.”

In May, Frontier said it was bringing back service between San Antonio and several cities, including Philadelphia. However, roughly four months later, Frontier announced it was grounding the seasonal nonstop service from San Antonio International to Philadelphia until April 2017.

The flight between the Philadelphia International Airport and San Antonio International Airport will return on April 23, operating on Tuesdays, Thursdays and Sundays.

To read the full article, click here.

To read to business news, visit Philadlephia Business Journal. 

Photo Credit: Frontier Airlines]]>
<![CDATA[Women Are, Very Slowly, Getting More Seats in the Boardroom]]>Wed, 01 Feb 2017 09:22:05 -0500http://media.nbcphiladelphia.com/images/213*120/carlyfiorinafeuehrerd.jpg

The number of women sitting at the table in corporate boardrooms across the country is rising very slowly, but it's rising.

Just over 15 percent of all director seats at publicly traded U.S. companies were held by women as of Dec. 31, according to a study by Equilar, a corporate research firm. That's up from 14 percent a year earlier and from 12 percent in 2013.

So, the trend is toward more equal representation on boards, but parity won't happen until the end of 2055 unless the pace picks up, according to Equilar. That's nearly 40 years away, which may be about when girls born today begin sitting on corporate boards.

Demonstrating how far remains to go toward gender parity, 738 companies still have no women on their boards. Last year, nearly 60 companies that had no female directors since at least 2011 added one or more women.

Even so, it's still much easier to find a woman in the boardroom than in the corner office, according to a separate, global survey of 3,400 companies by Credit Suisse. While women occupied nearly 15 percent of board seats at the end of 2015, only about 4 percent of CEOs are women.

Companies in other countries have gotten closer to gender parity than the United States, and government pressure has played a big role. Several European countries have set quotas and targets for how many corporate board members should be held by women. That's why women held 24 percent of European board seats at the end of 2015, the highest rate in the world.

Investors are taking note. Companies with at least one female director tend to have higher stock returns and better corporate performance than those with all-male boards, Credit Suisse says. Of course, this may be a case of correlation rather than causation, and better-performing companies may be more welcoming to women rather than vice versa.

Regardless, having women in the most senior leadership positions has other benefits, companies say.

At American Water Works Co., the largest publicly traded U.S. water and wastewater utility, five of the nine board positions are held by women. And that's something that customers, regulators and employees, both current and potential future ones, see, says BJ Holdnak, senior vice president of human resources.

"We want to look like the customers and the employees that we serve in our local markets," she says. "The board, starting in 2012, really began to focus on assuring that they were diverse and looked like and represented the company."

American Water's majority-female board is an anomaly. Just 21 of the 3,525 companies in Equilar's survey have half or more of their board seats held by women. Equilar based its study on the Russell 3000 index, a broad measure of publicly traded U.S. companies.

It also runs counter to the male-dominated utility industry. Nearly 80 percent of workers across the industry are men, according to Labor Department statistics.

Like American Water, Connecticut Water is another utility that has a majority-female board. It also says it didn't start with the explicit intent of having more women than men on its board. Instead, it happened as the byproduct of looking for a more diverse group to represent its shareholders, customers and employees. Five of the company's eight director seats are held by women.

"It's a bit of an arduous process, looking for someone that fulfills what we're driving for in our cultural focus," says Kristen Johnson, corporate secretary and vice president of human resources at Connecticut Water. "We've been super-lucky to find individuals that populate the board like that, and it just so happens that five of them are women."

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: AP]]>
<![CDATA[Fed Leaves Key Rate Unchanged at Time of Uncertainty]]>Wed, 01 Feb 2017 14:16:52 -0500http://media.nbcphiladelphia.com/images/213*120/JanetYellen-AP_16174565055178.jpg

The Federal Reserve has left its key interest rate unchanged at a time of solid economic gains but also heightened uncertainty surrounding the new Trump administration.

The Fed said in a statement ending its latest policy meeting Wednesday that the job market has continued to strengthen, inflation has climbed closer to its 2 percent target and economic activity remains steady. But it signaled that it wants more time to monitor the economy and that it still envisions a gradual pace of rate increases. It offered no hints about when it will resume raising rates.

Many economists think the Fed may put off further rate increases until more is known about President Donald Trump's ambitious agenda, or whether his drive to cancel or rewrite trade deals will slow growth or unsettle investors.

The statement was not accompanied by updates to the Fed's economic forecasts or by a news conference with Chair Janet Yellen, both of which occur four times a year.

Last month, the Fed modestly raised its benchmark short-term rate for the first time since December 2015, when it had raised it after keeping the rate at a record low near zero for seven years. The Fed had driven down its key rate to help rescue the banking system and energize the economy after the 2008 financial crisis and the Great Recession.

When it raised rates last month, the Fed indicated that it expected to do so three more times in 2017. Yet confusion and a lack of details over what exactly Trump's stimulus program will look like, whether he will succeed in getting it through Congress and what impact it might have on the economy have muddied the outlook.

And while Trump's tax and spending plans are raising hopes for faster growth, his combative approach to trade relationships with such countries as China and Mexico could slow the economy if U.S. trading partners retaliate and collectively impede the flow of imports and exports.

Nariman Behravesh, chief economist at IHS Markit, predicts that the economy will grow a modest 2 percent to 2.5 percent this year, before accelerating next year to 2.6 percent to 2.7 percent on the assumption that Trump's policy proposals will have begun to take full effect by then.

The outlook for both years would mark an improvement over the economy's lackluster growth of 1.6 percent in 2016, its weakest performance since 2011.

Even though economic growth, as measured by the gross domestic product, was underwhelming last year, the job market appears close to full health. Hiring was consistently solid in 2016, and the unemployment rate ended the year at 4.7 percent, just below the 4.8 percent level the Fed has identified as representing full employment.

And inflation, by the Fed's preferred measure, rose 1.6 percent in the 12 months that ended in December, moving closer to the Fed's 2 percent goal.

American manufacturing has been showing tentative signs of a comeback. Factories grew last month at the fastest pace in more than two years.

Manufacturing has been expanding despite a strong U.S. dollar, which makes American products more expensive in overseas markets. Last month, businesses increased their investment in industrial machinery, semiconductors and other high-cost items. And a measure that tracks business spending plans has been rising.

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: AP]]>
PHILADELPHIA BUSINESS JOURNAL]]><![CDATA[Longwood Gardens Sets Opening Date]]>Wed, 01 Feb 2017 06:47:58 -0500http://media.nbcphiladelphia.com/images/213*120/longwood+gardens.PNG

Longwood Garden's Main Fountain Garden will reopen on May 27 following a two-year, $90 million renovation.

The 1,077-acre Longwoods Garden in Kennett Square, Pennsylvania, in 2015 hit its largest attendance figure with 1.3 million visitors, and its officials had lofty goals to exceed those figures in 2016.

Those lofty goals were met-- even before the completion of the $90 million renovation of its Main Garden Fountain, which first went under construction in 2014. The completion of the fountain and its relation to attendance should be noted because Longwood Gardens officials made attendance projections for 2016 roughly three years ago. They estimated 1.2 million visitors would come in 2016, and with the Main Fountain Garden opening, attendance might hit 1.3 million.

To read full article, click here.

For more information, visit Philadelphia Business Journal

PHILADELPHIA BUSINESS JOURNAL]]><![CDATA[U.S. Sen. Cory Booker to Speak at Penn Graduation]]>Tue, 31 Jan 2017 14:09:32 -0500http://media.nbcphiladelphia.com/images/213*120/Cory+Booker+Smile.jpg

U.S. Sen. Cory Booker will give the commencement address at the University of Pennsylvania's spring 2017 graduation celebration, the school announced Tuesday morning.

The continually rising star in the Democratic party will deliver remarks at the May 15 ceremony, where he will also receive an honorary doctor of laws degree.

WHYY's Terry Gross and Pulitzer Prize-winning poet Paul Muldoon are among six others who will receive an honorary degree from the Ivy League institution.

To read full article, click here

For more business news, visit Philadelphia Business Journal

Photo Credit: University of Pennsylvania]]>
<![CDATA[DuPont to Sell Historic Del. Hotel]]>Wed, 01 Feb 2017 06:46:56 -0500http://media.nbcphiladelphia.com/images/213*120/Hotel+du+Pont+Building+Outside.jpg

DuPont will sell the historic Hotel du Pont in Wilmington to the Buccini/Pollin Group.

Dupont and BPG announced in a statement Tuesday that they have reached an agreement and the closing is expected on Feb. 28.

The hotel will continue to operate under the Hotel du Pont name and BPG's hotel management affiliate, PM Hotel Group, will operate the hotel. BPG recently announced the acquisition of the DuPont Building that houses the hotel.

The 217-room hotel opened in downtown Wilmington in 1913 and guests have included U.S. presidents and other world leaders, first ladies, religious leaders. The Green Room, the hotel's restaurant, has been recognized with the AAA Four-Diamond Award and the Forbes Four-Star Award.

DuPont says it will begin exploring a sale of the DuPont Country Club.

Copyright Associated Press / NBC 10 Philadelphia

PHILADELPHIA BUSINESS JOURNAL]]><![CDATA[Main Line Bank to Buy Local Competitor]]>Tue, 31 Jan 2017 10:33:26 -0500http://media.nbcphiladelphia.com/images/213*120/Bryn+Mawr+Bank+Co..jpg

Bryn Mawr Bank Corp. has agreed to acquire neighboring Royal Bancshares of Pennsylvania for $127.7 million.

The deal, expected to close in the third quarter, is estimated to add $602 million in loans and $630 million in deposits, strengthen Bryn Mawr’s position as the largest community bank in Philadelphia’s western suburbs and expands the bank’s distribution network into Berks County and New Jersey.

Bryn Mawr Bank CEO Frank Leto said Kevin Tylus, Royal’s president and CEO, will join Bryn Mawr’s senior management team “in order to continue to expand these relationships and to help ensure a smooth integration of the two institutions.”

To read full article, click here.

For more business news, visit the Philadelphia Business Journal.

Photo Credit: David Debalko]]>
<![CDATA[Wells Fargo Denied Loans to Protected Immigrants: Suit]]>Tue, 31 Jan 2017 10:02:20 -0500http://media.nbcphiladelphia.com/images/213*120/GettyImages-601081902+wells+fargo.jpg

A federal lawsuit filed Monday accuses banking giant Wells Fargo of illegally denying student loans to young immigrants who are protected from deportation and allowed to work and study in the U.S. under a program created by former President Barack Obama.

Wells Fargo said it was disappointed the plaintiffs sued instead of working with the bank on a solution.

The young immigrants have Social Security numbers and documents that meet bank requirements for identification, but Wells Fargo refuses to give them student loans based on their citizenship status, according to the lawsuit by the Los Angeles-based Mexican American Legal Defense and Educational Fund.

"It's very important in our view to establish that there are clear rules against this kind of discrimination, particularly in a time like this," said Thomas A. Saenz, president and general counsel of the Mexican American Legal Defense and Educational Fund.

The suit seeks a court order declaring the policy discriminatory and forcing Wells Fargo to grant the loans to those participating in the Deferred Action for Childhood Arrivals program. It also seeks unspecified monetary damages.

"Wells Fargo understands the dream of pursuing higher education and we remain focused on our responsible lending practices to assist temporary and permanent residents and U.S. citizens in obtaining student financing," the bank said in a statement.

Banking experts say financial institutions can face unique challenges getting repaid by borrowers who are not in the country permanently, including potential difficulty in accepting payments from foreign banks.

Paul Hartwick, a spokesman for Chase Bank, said it does not offer student loans. An email to representatives for Bank of America was not immediately returned.

The lawsuit comes amid concern among immigrant groups that President Donald Trump will cancel the DACA program as part of a broader effort to control immigration.

Trump has signed executive actions to build a wall along the U.S.-Mexico border, temporarily ban immigration from seven Muslim-majority countries and suspend the nation's refugee program.

Obama created DACA by executive order in 2012, providing temporary protection for immigrants brought to the United States illegally by their parents before the age of 16.

More than 750,000 immigrants had been approved for DACA as of December, federal officials say.

Mitzie Perez, a plaintiff in the lawsuit, came to the U.S. illegally in 1997 from Guatemala as a small child. Now 25, Perez is a junior at UC Riverside.

She applied for a student loan from Wells Fargo last year but says she was not able to proceed with the online loan application after she disclosed she was not a U.S. citizen or permanent resident. She said she works and has used credit cards to cover her tuition.

"Every day I consider not completing my education because I don't have the means," she said.

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: Getty Images, File]]>
<![CDATA[NBC10 Responds: Washer Warranty Woes]]>Tue, 31 Jan 2017 08:53:03 -0500http://media.nbcphiladelphia.com/images/219*120/Washing+Machine+Responds.JPGAnita Williams, a mother of 4, bought an extended warranty on her washing machine, but when she went to use it, she could not get reimbursed. That is when NBC10 Responds and Harry Hairston got involved.

Photo Credit: NBC10]]>
<![CDATA[NBC10 Responds: No Love Connection]]>Mon, 30 Jan 2017 08:03:05 -0500http://media.nbcphiladelphia.com/images/213*120/WCAU_000000019076058_1200x675_865733187628.jpgEast Windsor, New Jersey's Paul Zatoren turns to NBC10 Responds and Harry Hairston after finding frustration with matchmaking company eHarmony.]]><![CDATA[Starbucks to Hire 10,000 Refugees Over Next 5 Years]]>Mon, 30 Jan 2017 16:24:59 -0500http://media.nbcphiladelphia.com/images/213*120/Starbucks-Storefront1.jpg

Starbucks says it will hire 10,000 refugees over the next five years, a response to President Donald Trump's indefinite suspension of Syrian refugees and temporary travel bans that apply to six other Muslim-majority nations.

Howard Schultz, the coffee retailer's chairman and CEO, said in a letter to employees Sunday that the hiring would apply to stores worldwide and the effort would start in the United States where the focus would be on hiring immigrants "who have served with U.S. troops as interpreters and support personnel."

Trump supporters took to social media soon after to denounce Schultz and threatened to boycott the brand, claiming that the company is giving away jobs that could be filled by Americans or American veterans, CNBC reported.

Schultz, a supporter of Hillary Clinton during the presidential run, took aim at other parts of a Trump agenda focused on immigration, repealing former President Barack Obama's health care law and restructuring trade with Mexico. The letter said that Starbucks would help support coffee growers in Mexico, provide health insurance to eligible workers if the health care law is repealed and back an Obama-era immigration program that allows young immigrants who were brought to the country as children to apply for a two-year reprieve from deportation and a work permit.

The move reflects the increasing complexity that businesses face when dealing with the Trump administration. Trump has met with CEOs at Ford, General Motors and Boeing and asked them to create jobs in the United States, while touting each announcement about new factory jobs as a success even if those additions had been planned before his presidential victory.

But not all corporate leaders have embraced Trump. Schultz added that Starbucks would aim to communicate with workers more frequently, saying Sunday, "I am hearing the alarm you all are sounding that the civility and human rights we have all taken for granted for so long are under attack."

<![CDATA[Toyota Loses 'World's Biggest Automaker' Title to VW]]>Mon, 30 Jan 2017 12:31:06 -0500http://media.nbcphiladelphia.com/images/213*120/Toyota-llama-a-revision-mas-de-5-millones-de-autos-bolsas-de-aire-takata.jpg

Toyota has relinquished the title of the world's biggest automaker, reporting Monday that it sold 10.175 million vehicles worldwide in 2016, fewer than Volkswagen's 10.31 million.

General Motors reports its tally next week. If GM's number falls short, it will be the first time the German automaker has become No. 1. 

It's a milestone achievement despite the taint to VW's reputation from a huge scandal over cheating on emissions tests. Booming China sales helped offset that damage.

Japanese automaker Toyota Motor Corp. has held the global auto crown for the past four years, although it fell behind General Motors in 2011, when production was hit by a quake and tsunami in northeastern Japan.

Detroit-based GM was the top-selling automaker for more than seven decades until Toyota, which makes the Camry sedan, Prius hybrid and Lexus luxury models, surpassed it in 2008.

Toyota's global sales last year were slightly better than in 2015, up 0.2 percent, but not good enough to beat Volkswagen, which has the Audi, Porsche and Skoda brands, and boosted its global sales 3.8 percent from the year before. GM makes the Cadillac and Opel cars.

In 2015, Toyota sold 10.15 million vehicles while Volkswagen was second with 9.93 million and GM third with 9.8 million.

Toyota officials have repeatedly said they are not concerned with being No. 1 and just want to make good cars. Volkswagen was keen to dethrone Toyota but disavowed that goal after CEO Martin Winterkorn lost his job over the emissions scandal.

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: Getty Images]]>
<![CDATA[Kochs Condemn Trump's Immigration Crackdown]]>Sun, 29 Jan 2017 20:20:45 -0500http://media.nbcphiladelphia.com/images/213*120/AP_118692503003.jpg

Charles Koch first likened candidate Donald Trump's plan to ban Muslim immigrants to something Adolf Hitler would have done in Nazi Germany.

The billionaire industrialist and his chief lieutenants offered a more delicate response this weekend when asked about President Trump's plan to block immigration from seven Muslim-majority countries. They described Trump's plan as "the wrong approach" that violated its dedication to "free and open societies."

The criticism comes as the Koch network, among the most powerful conservative groups in the nation, works to strike a delicate balance in the early days of the new administration. The Kochs refused to support Trump's candidacy last fall, but they now see a once-in-a-lifetime opportunity to influence the White House and the Republican-controlled Congress.

Their optimism is fueled by strong relationships inside the administration, despite their vow to oppose Trump's policies if they deviate from the Koch brothers' conservative priorities.

Trump critics were easy to find at the California desert resort this weekend, where attendance at a semi-annual conference was limited to the 550 people who donate at least $100,000 each year to the various conservative political and policy groups backed by Charles and David Koch.

The critics included Charles Koch himself, although the conservative patriarch did not mention Trump by name Sunday as he warned that the nation is facing a moment of "tremendous danger." He said the nation could "go the authoritarian route ... or we can move toward a free and open society. So this is our opportunity."

Still, the Koch network says it's confident about its ability to shape the direction of the Trump administration's policies from the inside.

"Many former network staffers that are in the White House now remain good friends of ours. So we're in constant contact with them," said Koch spokesman James Davis. "Conversations have been open and continue to be."

There is perhaps no bigger Koch ally than Vice President Mike Pence, whose staff and ideology has been in close alignment with the Kochs for years.

Charles Koch spoke directly with the vice president on the phone days before his inauguration as Pence considered hiring a Koch communications staffer, Stephen Ford, to serve as his chief speechwriter. Ford was soon hired, along with former Koch chief Marc Short, who now serves as the White House legislative director.

"The reason we're optimistic ... is really Mike Pence," said Doug Deason, a prominent Trump supporter and major Koch donor. "If you think Cheney had power in Bush White House, just watch and see what happens with Mike Pence."

Several reporters, including one from The Associated Press, were invited to attend the weekend conference. As a condition of attending, photographers were not allowed and reporters were not permitted to identify any donors without their permission.

Koch and his powerful allies insist they will challenge Trump when his policies don't align with their conservative vision.

The network plans to spend between $300 million and $400 million over the next two years to shape policy and politics, much of it devoted to its nationwide grassroots network. While there has been much talk of Trump allies creating an outside group to help promote his agenda, the Koch network's capacity to communicate directly with voters on the ground in key states has no political rival.

The Koch's "secret sauce," Holden says, is "the accountability play."

"We're principled. And if we can't get comfortable with the policies that are in place, then we're not going to support them. But if we can we will support them, regardless of who's in office," he said.

Like Trump, the Kochs favor efforts to cut government regulation and replace the federal health-care system. They do not share the president's plans for a massive infrastructure spending or his crackdown on immigrants from Muslim-majority countries.

"The travel ban is the wrong approach and will likely be counterproductive," network co-chair Brian Hooks said Sunday.

"Our country has benefited tremendously from a history of welcoming people from all cultures and backgrounds," he said. "This is a hallmark of free and open societies."

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: AP (File) ]]>
<![CDATA[Tech Companies Protest Trump Immigration Order]]>Sat, 28 Jan 2017 20:41:00 -0500http://media.nbcphiladelphia.com/images/188*120/apple-GettyImages-516837044.jpg

Google, Apple and other tech giants expressed dismay over an executive order on immigration from President Donald Trump that bars nationals of seven Muslim-majority countries from entering the U.S.

The U.S tech industry relies on foreign engineers and other technical experts for a sizeable percentage of its workforce. The order bars entry to the U.S. for anyone from Iran, Iraq, Libya, Somalia, Sudan, Syria and Yemen for 90 days.

The move, ostensibly intended to prevent extremists from carrying out attacks in the U.S., could now also heighten tensions between the new Trump administration and one of the nation's most economically and culturally important industries. That's especially true if Trump goes on to revamp the industry's temporary worker permits known as H-1B visas, as some fear.


"I share your concerns" about Trump's immigration order, Apple CEO Tim Cook wrote in a memo to employees obtained by The Associated Press. "It is not a policy we support."

"We have reached out to the White House to explain the negative effect on our coworkers and our company," he added.

Cook didn't say how many Apple employees are directly affected by the order, but said the company's HR, legal and security teams are in contact to support them. "Apple would not exist without immigration, let alone thrive and innovate the way we do," Cook wrote — an apparent reference not only to the company's foreign-born employees, but to Apple co-founder Steve Jobs, the son of a Syrian immigrant.

Netflix CEO Reed Hastings was forcefully blunt. "Trump's actions are hurting Netflix employees around the world, and are so un-American it pains us all," he wrote on Facebook . "Worse, these actions will make America less safe (through hatred and loss of allies) rather than more safe."

"It is time to link arms together to protect American values of freedom and opportunity," he continued. Facebook founder Mark Zuckerberg criticized the order in similar, though more carefully couched, terms on Friday . 

Technology investor Chris Sacca, an early backer of Uber and Instagram, said on Twitter that he would match ACLU donations up to $75,000 after the organization sued over the ban — and then decided to donate another $75,000 , for a total of $150,000. EBay founder Pierre Omidyar, the child of Iranians, complained that the order was "simple bigotry ."

Tesla Motors and SpaceX founder Elon Musk, who has recently appeared to be cultivating a relationship with Trump, tweeted that "many people negatively affected by this policy are strong supporters of the US" who don't "deserve to be rejected." Musk is an immigrant from South Africa.


Google told its employees from those countries to cancel any travel plans outside the U.S. and to consult with the company's human resources department if they're not currently in the U.S., according to a company-wide note described to The Associated Press. That memo was first reported by Bloomberg and the Wall Street Journal.

Google CEO Sundar Pichai told employees in the note that at least 187 Google workers could be affected by Trump's order. It is not clear how many of those workers are currently traveling outside the U.S. "We've always made our views on immigration known publicly and will continue to do so," Pichai said in the memo.

Company representatives declined to discuss the memo or to answer questions about the affected employees. In an official statement, Google said: "We're concerned about the impact of this order and any proposals that could impose restrictions on Googlers and their families, or that could create barriers to bringing great talent to the U.S."

Microsoft also said it is providing legal advice and assistance to its employees from the banned countries, noting they are all working in the U.S. lawfully.


The tech industry may be bracing for further immigration-related hits. Leaks of draft executive orders, still unverified, suggest that Trump might also revamp the H1-B program that lets Silicon Valley bring foreigners with technical skills to the U.S. for three to six years.

While the tech industry insists the H1-B program is vital, it has drawn fire for allegedly disadvantaging American programmers and engineers, especially given that the visas are widely used by outsourcing firms. Trump's attorney general nominee, Sen. Jeff Sessions, is a long-time critic of the program.

Venky Ganesan, a managing director at venture capitalist firm Menlo Ventures, acknowledged that the program is "not perfect" and subject to some abuse, but noted that it provides an invaluable source of skilled workers and plays a "pivotal" role in the tech industry. 

"If we want to buy American and hire American, we do that best by creating companies in America," he said. :Having the best and brightest from all over the world come and create companies in America is better than them creating companies in India, Israel or China."

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: Justin Sullivan, Getty Images (File)]]>
<![CDATA[Possible Tax Hike on Mexican Goods Could Hit Philly Port and Your Wallet]]>Fri, 27 Jan 2017 21:04:10 -0500http://media.nbcphiladelphia.com/images/213*120/Product+of+Mexico+Mexican+Goods.jpgAfter an idea of imposing a 20 percent tax hike on Mexican goods was floated by President Donald Trump's administration, local stores and Philadelphia port workers worried about the future. NBC10's Cydney Long spoke with those who could be affected most about their concerns.

Photo Credit: NBC10]]>
<![CDATA[Hey Riders! Check Out New SEPTA, PATCO Schedules]]>Fri, 27 Jan 2017 13:37:15 -0500http://media.nbcphiladelphia.com/images/213*120/SEPTA+regional+rail+line+train.jpg

Calling all Philly-area public transit users!

SEPTA and PATCO announced changes to train schedules ahead of Monday’s commute.

SEPTA’s new timetable goes into effect Sunday. Some of the major adjustments include changes to Regional Rail lines including the Airport Line schedule.

The new schedule is a follow-up to the recent time changes made in December to enhance service reliability and address congestion, the public transportation service said. SEPTA’s train adjustments are available online.

PATCO -- which runs between Center City Philadelphia and Camden County -- will start its new schedule on Saturday. Two Woodcrest local trains were canceled, three express trains were converted to local trains and a number of train schedules have modified as part of the January changes. To read all specific service information, visit their website.

Photo Credit: NBC10.com]]>
<![CDATA[Long, Storied History Behind the Footballs of the NFL]]>Fri, 27 Jan 2017 10:17:17 -0500http://media.nbcphiladelphia.com/images/213*120/AP_17026512833827-sm.jpg

Skip Horween's great-grandmother wanted nothing to do with football.

In fact, her two sons were so petrified she would find out they were messing around with the barbaric-looking game that they decided to play under assumed names. That's how it came to be that Arnold and Ralph "McMahon," both standouts on the Harvard football team a century ago, managed to play for the Chicago Cardinals in the early days of professional football. And in a roundabout way, it's how their family, immigrants from the Ukraine who opened a Chicago tannery in 1905, would come to provide the leather for NFL game balls used today.

Including those used by the Patriots and Falcons in the Super Bowl on Feb. 5.

"The story is really astounding," said Mike Halpert, whose Philadelphia Hide Brokerage Corp. has provided the Horween Leather Co. with raw material for years.

Not just astounding, but quintessentially American.

The story begins in earnest in the late 1930s, when the Horween brothers — whose family by that point had become well-known for producing fine leathers, including Shell Cordovan used in upscale shoes, gloves and wallets — got to know a local businessman named George S. Halas.

Papa Bear, as he was known, owned the rival Chicago Bears in the days when the NFL was little more than a gentleman's fraternity. He cornered the Horween boys one day and they got to discussing the balls they were using in Cardinals games. The conversation turned to how they could make the best possible product for a sport that was beginning to break into the national consciousness.

"We're talking the foundation of the National Football League," explained Skip Horween, whose son, Nick, will be the fifth generation to run their factory on the North Branch of the Chicago River.

About the same time, a sporting goods manufacturer with roots in meatpacking and also based in Chicago had begun to produce hand-sewn footballs. It had been renamed a few years earlier and would grow to become synonymous with every ball used by the NFL: Wilson Sporting Goods Co.

It was almost as if fate aligned the companies.

Deals were struck and in April 1940, during a meeting of NFL owners, Halas made a motion (and New York Giants owner Wellington Mara seconded) that Wilson become the league's official football supplier. In turn, Horween would produce the leather for all future game balls and that relationship stands today.

"The Horween angle is really cool because we've been with them longer than the NFL," said Kevin Murphy, general manager of team sports at Wilson. "Halas already had a relationship with Wilson, which in fact went back even further than the 1940s.

"We've really grown up with the sport," Murphy said. "We've grown up with the NFL."

These days, the NFL is a business that last year took in $13 billion in revenue. More than 100 million people will watch on Fox when the Patriots and Falcons square off in Houston.

Yet the process of making the ball that will be kicked off that night is still at its heart a mom-and-pop operation.

Leather brokers like Halpert acquire raw product from livestock producers, mostly in the Midwest, and those hides — in this case heavy native steer hide — are shipped to Chicago. There, the Horween family begins turning it into the supple leather of the NFL's exacting specifications, a laborious process that takes place at their historic, nondescript factory on North Elston Avenue.

"We have deep roots here," Skip Horween said with a hint of pride.

For good reason: When he started at the factory in 1978, there were about 250 tanneries in the U.S. But many of them have moved overseas, where regulations were fewer and labor cheaper. Others consolidated and still more closed entirely. Now, there are about two dozen tanneries left.

"Lots of people aren't around anymore," Horween said. "We're one of the last ones."

Factories in other countries might be able to produce cheaper leather, but it would hardly be the same quality and ultimately that is why the Horween family has survived: Their leather is sought-after by shoemakers such as Alden and watchmakers such as Shinola.

Much of the production process is proprietary, but like most leather, it begins with hair removal and an initial tanning phase. The leather is then graded like a piece of lumber, cut and split to proper size and thickness, and goes through a re-tanning process using a blend of tree barks. Oils and waxes are then added to determine the final characteristics.

Once the leather is stamped with a unique pebble texture, it is loaded on a truck bound for Ada, Ohio, population 5,900, about 130 of who work in the Wilson plant.

Their only job there is to make footballs. Thousands of them.

"The people who make our footballs in Ohio, like the people who tan the leather for us at Horween, there's been one thread of consistency in craftsmanship and attention to detail," Murphy explained, "and knowing who your customer is and what they want. They want consistency and performance. They want the ball to perform like it did yesterday and three years ago."

That's why plant workers use turn-of-last-century sewing machines and other vintage equipment to make about 3,000 footballs per day, cutting, stitching and lacing each by hand. The 25-step process takes about three days to complete, but the pride in craftsmanship is evident in those who work there. The average worker at the Ada plant has been there two decades.

In the case of Super Bowl balls, the factory began working the minute the NFC and AFC title games were over, embossing balls with the logos of the Patriots and Falcons. Each team gets 108 of them in two shipments within 48 hours of making the Super Bowl, giving equipment managers and quarterbacks Tom Brady and Matt Ryan ample opportunity to break them in.

Half of those balls will be designated game balls, and one of them will end up on the tee at NRG Stadium for the kickoff. It will mark the end of a process that dates back three generations and unites two historic companies in many ways at the heart of a game viewed by millions around the world.

"We're always excited, especially the folks from Ada, right before kickoff," Murphy said. "We're the ones holding our breath, not because we care about either team but we care about the balls. These Super Bowls are our Super Bowl, too."



Horween Leather: https://www.horween.com/

Wilson factory Facebook page: https://www.facebook.com/WilsonFootball/

For more NFL coverage: http://www.pro32.ap.org and http://www.twitter.com/AP_NFL

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: AP]]>
<![CDATA[Kraft Heinz Employees Get Day Off After Super Bowl]]>Fri, 27 Jan 2017 07:01:44 -0500http://media.nbcphiladelphia.com/images/214*120/Smunday+Kraft+Heinz.jpg

Kraft Heinz says the Monday after the Super Bowl will be a day off for its salaried employees, and it has launched a tongue-in-cheek campaign to make the day — dubbed "Smunday" — a national holiday.

The food producing giant is co-headquartered in Chicago and Pittsburgh, neither of which has a team in the Feb. 5 game. 

The company has started a Change.org petition and launched a website, www.smunday.org. If enough signatures are collected, Kraft Heinz says it will send the petition to Congress "in the hopes of making this dream a reality." 

"We can all agree that going to work the Monday after the 'Big Game' on Sunday is awful," the company said in the petition. "So as far as we’re concerned at Heinz, we as a nation should stop settling for it being the worst work day of the year."

The day off for employees stands whether or not the petition succeeds. The petition claims more than 16 million people call in sick or miss work the day after the game.

The company says the decision impacts "thousands of employees" but wasn't more specific.

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: Kraft Heinz Company]]>
<![CDATA[What is Philly's 'House-Flipping' Average?]]>Thu, 26 Jan 2017 14:28:51 -0500http://media.nbcphiladelphia.com/images/213*120/Schuylkill+River+Banks+Boardwalk+Generic+Philly+Skyline+Generic.jpg

The Philadelphia metropolitan area is slightly below the national average in house-flipping, but those short-term sales have reached a 10-year high in the region, according to a new report.

Research from Trulia shows that a combination of rising home prices and a stronger labor market have helped push home-flipping numbers to their highest levels in a decade nationally. Approximately 6.1 percent of all home sales in 2016 qualified as a "flip," defined as the purchase of a house at a market rare and the subsequent sale of the same property at a higher price due to improvements or short-term pricing gains. That figure marked a near percentage-point increase over the 5.3 percent rate recorded in 2015.

In the Philadelphia metropolitan area, the city and six surrounding counties in Pennsylvania and New Jersey, an even 6 percent of home sales met the definition of flipping. That's a nearly 1 percent change from 2015 to 2016. Home prices during the same period rose 3.8 percent.

To read full article, click here

For more business news, visit Philadelphia Business Journal

Photo Credit: NBC10.com - Dan Stamm]]>
PHILADELPHIA BUSINESS JOURNAL]]><![CDATA[Layoffs Set to Begin at NJ Soup Plant]]>Thu, 26 Jan 2017 13:44:32 -0500http://media.nbcphiladelphia.com/images/213*120/Progresso+General+Mills+Warehouse+Layoffs.jpg

A South Jersey Progresso soup plant is still scheduled to close this summer, impacting dozens of workers who received WARN notices last week.

General Mills, the Minnesota-based parent company of Progresso, will close the Vineland, Cumberland County, plant this summer as originally planned.

WARN layoff notices were sent to about 65 employees last Friday, Kelsey Roemhildt, General Mills spokeswoman, told the Philadelphia Business Journal on Wednesday.

"There are 270 employees who will be working at the plant that did not receive WARN notices last week," Roemhildt said. "The approximate 65 employees who received their formal 60 day WARN notification per federal and state requirement will no longer work at the plant after those 60 days.

To read full article, click here.

For more business news, visit Philadelphia Business Journal

Photo Credit: Google Maps ]]>
PHILADELPHIA BUSINESS JOURNAL]]><![CDATA[New Project at Old City Landmark Aims to Boost Visitation]]>Thu, 26 Jan 2017 13:14:31 -0500http://media.nbcphiladelphia.com/images/213*120/Betsy+Ross+House+Generic.jpg

A historic Old City landmark is embarking on a project to continue the upward trajectory in visitation figures, officials said, and its relevance as visitor preferences continue to change.

The Betsy Ross House, the birthplace of the American flag, at the end of the year will launch a project called the widow's bedchamber, a new orientation space that's in the design phase.

The funding for the $10,000 project is provided by local donor Jeffrey Kenneth Kohn.

The exhibit will feature Betsy Ross in her upholstery shop, stitching bed curtains using 18th century hand-sewing techniques.

To read full article, click here.

For more business news, visit Philadelphia Business Journal.

Photo Credit: M. Kennedy for Visit Philadelphia]]>
<![CDATA[Wrestling Fans Rejoice: Royal Rumble to Return to Philly]]>Thu, 26 Jan 2017 12:45:21 -0500http://media.nbcphiladelphia.com/images/213*120/WWE+Royal+Rumble.jpg

World Wrestling Entertainment's Royal Rumble pay-per-view is returning to Philadelphia next year.

Philly.com reports it will be held Jan. 28, 2018 at the Wells Fargo Center. Wells Fargo last hosted the same pay-per-view in January 2015.

But the WWE has changed its marketing strategy for its "big four" pay-per-views, which also include WrestleMania, SummerSlam and the Survivor Series.

As a result, other live WWE television shows will be sandwiched around the Royal Rumble, filling the arena from Jan. 27-30, 2018.

NXT Takeover will air a live show Jan. 27, with WWE's more established shows, Raw and Smackdown Live, telecasting from the arena on the 29th and 30th, respectively.

This year's Royal Rumble is Sunday at the Alamodome in San Antonio.

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: Comcast Spectacor]]>
<![CDATA[J&J Spends $30 Billion for Swiss Pharma Company]]>Thu, 26 Jan 2017 12:39:35 -0500http://media.nbcphiladelphia.com/images/213*120/Johnson+and+Johnson+Johnson+JJ.jpg

Johnson & Johnson will buy Swiss drugmaker Actelion in a $30 billion deal that both secures promising research and bolsters the product portfolio controlled by the U.S. health care giant.

Much of Actelion's research operation will be spun off into a separate company in which J&J will own a minority stake. The U.S. conglomerate will then buy Actelion's seven drugs that are currently on the market and two potential treatments in late-stage testing.

Actelion Chairman Jean-Pierre Garnier told analysts Thursday that the research cultures of big and smaller companies often don't blend well, and they made the spin-off a condition of the deal. The former CEO of British pharmaceutical giant GlaxoSmithKline, confident in Actelion's pipeline of drugs under development, said that a complete company takeover "would not allow us to grow those fragile flowers."

J&J will own 16 percent of the new, stand-alone business, which will be based in Switzerland, and have rights to an additional 16 percent.

Structuring such a deal in an industry where companies are often bought for their potential as much as for what they currently produce makes sense to industry analyst Steve Brozak. The president of WBB Securities said the research arms of smaller companies often get bogged down in bureaucracy from bigger companies, and star scientists will flee.

"Innovation is stifled by large entities ... this is the only way this could work," he said.

The deal comes a little more than a month after J&J said it had ended talks to buy Actelion, and the Swiss company had said it was in discussions with another party.

Actelion, founded in 1997, specializes in treatments for pulmonary arterial hypertension, which is high blood pressure in the arteries between the heart and lungs. Its products include Tracleer, an oral treatment sold in 60 markets.

J&J said the Actelion portfolio will complement the drug lineup of its Janssen Pharmaceutical subsidiary.

Earlier in the week, J&J announced fourth-quarter profits that topped expectations but gave Wall Street a softer-than-expected 2017 earnings forecast.

The maker of Band Aids, medical devices and prescription drugs has been dealing with sliding revenue from a top-selling drug, the biologic immune disorder treatment Remicade, which is facing competition from a Pfizer product.

With the Actelion deal, J&J is paying "top dollar" to replace Remicade sales, said Erik Gordon, a professor and pharmaceuticals analyst at University of Michigan's Ross School of Business.

J&J Chairman and CEO Alex Gorsky told analysts Thursday that mergers and acquisitions were an important part of the company's growth strategy and have historically made up about half its growth.

The New Brunswick, New Jersey, company made several deals in 2016, including a $3.3 billion purchase of hair and personal products maker Vogue International LLC.

The Actelion deal, approved unanimously by the boards of both companies, is to be completed in the second quarter, pending regulatory approvals. J&J said it expects the deal to immediately boost revenues and earnings per share.

J&J will pay for the deal with cash held outside the United States. Many U.S. companies with international operations have built sizeable holdings of money overseas due to high tax rates they would pay to bring the cash to the United States. That's an issue new President Donald Trump has said he would like to address.

Shares of J&J — a component of the Dow Jones industrial average — slipped 5 cents to $112.75 in midday trading Thursday, while broader indexes also were flat.

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: AP]]>
<![CDATA[Plans for Condos to Rise Above Philly’s Historic Jewelers’ Row]]>Thu, 26 Jan 2017 08:21:56 -0500http://media.nbcphiladelphia.com/images/213*120/WCAU_000000019025296_1200x675_863176259837.jpgThere are now two looks being proposed for the tower to be built above Philly’s Jewelers’ Row in Center City.]]><![CDATA[Chickie’s and Pete’s to Replace Champps at Marlton Circle in Evesham Township]]>Thu, 26 Jan 2017 06:48:06 -0500http://media.nbcphiladelphia.com/images/213*120/Champps+Chickies+and+Petes_22290788.jpgNew restaurants and stores are moving into the Marlton Circle shopping plaza in Evesham Township. NBC10 South Jersey Bureau Reporter Cydney Long has more on the number of economic development projects that are popping up around the South Jersey community.]]><![CDATA[Future of Wilmington Concert Venue Up in the Air]]>Tue, 24 Jan 2017 19:22:40 -0500http://media.nbcphiladelphia.com/images/213*120/World+Cafe+Live+at+the+Queen+_22275930.jpgA new developer is taking over the Queen Theater in Wilmington, Delaware. NBC10 Delaware Bureau Reporter Tim Furlong explains how its future is now in question.]]>PHILADELPHIA BUSINESS JOURNAL]]><![CDATA[Where Does NJ, Del., Pa. Rank Among Most Educated States?]]>Tue, 24 Jan 2017 15:58:37 -0500http://media.nbcphiladelphia.com/images/213*120/graduation-GettyImages-185520715.jpg

What are the most educated states in the country?

Wallethub, a personal finance website, ranked all 50 states from most to least educated-- which is compiled by weighing 11 different metrics related to educational attainment, school quality, and achievement gaps between races and genders.

New Jersey is the only state in the Delaware Valley to crack into the top ten of WalletHub's annual ranking of the most educated states, coming in right at No. 10, well ahead of its neighbors.

Delaware ranked No. 17 on the list.

Pennsylvania trailed even further behind, landing in the bottom half of the list at No. 28. It lagged in the educational attainment category, which considered the highest degree level achieved by adults aged 25-years-old or older.

To read full rankings of states, click here.

For more business news, visit Philadelphia Business Journal.

Photo Credit: Getty Images]]>
<![CDATA[$2 Hotel Room Fee in Atlantic City?]]>Wed, 25 Jan 2017 08:27:10 -0500http://media.nbcphiladelphia.com/images/213*120/Atlantic-City-AP_531023755649.jpg

New Jersey's Assembly speaker wants to add a $2 charge to each hotel room bill in Atlantic City to help prevent massive police and firefighter layoffs in the struggling gambling resort.

Shortly after Republican Gov. Chris Christie's administration seized power in Atlantic City last fall, the state began seeking steep cuts in public safety, calling for as many as 100 firefighter layoffs and 27 in the police department.

Assembly Speaker Vincent Prieto, a Hudson County Democrat, introduced a bill Monday that would impose the additional surcharge on Atlantic City hotel bills, with the proceeds to be used exclusively to help fund police and fire operations. The charge would end after two years.

"I was adamant that any state takeover of Atlantic City not involve, among other things, police and firefighter layoffs that would threaten public safety and the city's efforts to market itself as a safe and family-friendly destination, but not everyone agreed," he said. "The harsh reality is now setting in, sadly, but I will not stand idle and allow police and firefighter layoffs to harm public safety for residents while also hurting the public's ability to feel confident about visiting the city. Atlantic City must remain successful for the betterment of the entire state."

Prieto had no immediate estimate Tuesday of how much the measure might raise each year.

In December, city union officials revealed that the state, which seized power a month earlier, was seeking big cuts in public safety spending as part of a package of financial austerity measures designed to stabilize the nearly broke city's finances.

The state can now cancel decisions by the City Council, break union contracts, and seize and sell city assets.

A spokesman for Christie declined to comment on the bill. Atlantic City Mayor Don Guardian had no immediate comment.

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: PR Newswire via Associated Press]]>
<![CDATA[New Philly Soup Shop to Donate All Profits]]>Tue, 24 Jan 2017 11:41:52 -0500http://media.nbcphiladelphia.com/images/201*120/Rooster+Soup+Co.JPG

The restaurateurs behind a popular doughnuts and fried chicken chain in Philadelphia have found a valuable use for their discarded chicken backs: making soup for charity.

The Rooster Soup Co. luncheonette — which has full breakfast, lunch and dinner menus alongside its soup offerings — opened Monday to a packed crowd. All proceeds after expenses will benefit Broad Street Ministry, a local nonprofit serving the hungry and homeless.

"I love the mission. It's so inspiring. It's groundbreaking," said customer Kate Tejada. "And I know the food is going to be awesome."

Since 2005, Broad Street Ministry has provided services to the needy with a focus on preserving the dignity of its clients, including weekly three-course meals served by a wait staff. Executive director Mike Dahl said the innovative partnership with Rooster Soup could give his group a steady source of annual revenue — an unprecedented gift.

"We are constantly searching for dollars to keep our doors open and we rely 95 percent on private donations," Dahl said. "That a nonprofit and a private business can come together and find a creative solution to a problem facing the city is very exciting."

Rooster Soup is the newest member of the CookNSolo restaurant group, led by Steve Cook and chef Michael Solomonov. In addition to the wildly successful Federal Donuts shops (which serve fried chicken), their Philadelphia portfolio includes the upscale Zahav and hummus joint Dizengoff.

Rooster Soup was originally envisioned as a "hale and hearty soup stall" to salvage 500 pounds of spare chicken parts unused weekly by Federal Donuts, Cook said. Teaming up with Dahl's group seemed like "a natural affiliation between our two organizations," Cook said, estimating that soup profits could approach six figures annually.

"What Broad Street does inspires us and reminds us that hospitality is a fundamental human interaction," Cook said.

CookNSolo first floated the concept with a 2014 Kickstarter campaign that asked: "What if you could help someone who really needed it, just by eating lunch?" The effort raised nearly $180,000 for the project.

"The fact that 1,500 people stepped up and put their wallets where their mouths were told us it wasn't a crazy idea," Cook said.

But before opening the restaurant, the planning team needed to reimagine its concept. Would a soup-only restaurant survive the summer months? Would a lunch stall bring in enough customers to make the business viable?

The new downtown eatery has a diner feel, with silver and white on the walls and dark red leather booths. It also has an 18-seat lunch counter, which Cook said harkens back to social justice efforts from the Civil Rights era.

Deciding a soup-only restaurant would be limiting, the restaurant has a full menu that includes some of the twists the CookNSolo team are known for. The BLT, for example, replaces the lettuce with a latke.

But on a cold, raining opening day, soup was the popular choice for many diners, particularly smoked matzo ball soup.

Customer Carter Quigg, 40, who works for a supermarket chain, said she loved the idea of making use of leftover chicken parts.

"There's a lot of waste in the food and hospitality industries and we are the people who see the people on the streets every day asking for help," she said. "We need to find systematic ways to solve that rather than one mouth at a time."

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: NBC10]]>
<![CDATA[Philly Bars Employers From Requesting Salary History]]>Tue, 24 Jan 2017 07:29:58 -0500http://media.nbcphiladelphia.com/images/219*120/money_generic_cash.jpg

Despite a threat from cable giant Comcast to take legal action, Philadelphia has banned employers from asking potential hires to provide their salary history, a move supporters say is a step toward closing the wage gap between men and women.

Democratic Mayor Jim Kenney signed the measure on Monday, and said he's confident the bill can withstand legal challenges.

"I know that Comcast and the business community are committed to ending wage discrimination, and I'm hopeful that moving forward we can have a better partnership on this and other issues of concern to business owners and their employees," he said. "This doesn't need to be an either/or argument — what is good for the people of Philadelphia is good for business, too."

Comcast and the city's Chamber of Commerce have said the law goes too far in dictating how employers can interact with potential workers.

The City Council unanimously passed the ordinance in December. Supporters contend that since women have historically been paid less than men, the practice of asking for a salary history can help perpetuate a cycle of lower salaries for women, continuing throughout their careers.

Women in Pennsylvania are paid 79 cents for every dollar a man earns, according to a 2015 Census Bureau report. For black and Hispanic women, the pay gap is even wider.

Democratic City Councilman Bill Greenlee, who sponsored Philadelphia's bill, said he was inspired by a Massachusetts pay equity bill signed into law last summer that included a ban on asking for salary history.

"It's reasonable to think if you take this question out of the equation it could help lessen wage inequality, and it's worth a chance," Greenlee said. "We're trying to ensure fairness."

However, Comcast and the Chamber of Commerce see the bill as yet another hassle in bringing business to Philadelphia.

"The wage equity ordinance as written is an overly broad impediment to businesses seeking to grow their workforce in the City of Philadelphia," Rob Wonderling, president and CEO of the Philadelphia Chamber of Commerce, wrote in an opinion piece to a city business journal this month, adding it "infringes upon an employer's ability to gain important information during the hiring process."

Comcast had urged the mayor to veto the bill or face legal challenges, according to a legal memo obtained by The Philadelphia Inquirer earlier this month. The memo said the law would violate employers' First Amendment rights to ask potential hires about their salary history.

Comcast referred questions to the Chamber of Commerce for this story. Neither responded to requests for comment after the mayor signed the bill.

David Cohen, a senior Comcast vice president, told the newspaper on Jan. 10 the bill was stoking frustrations in the city's business community about increased regulations coming from City Hall. He said the policy doesn't make sense in "corporate America" and pondered how companies would know what to pay top executives without past salary knowledge.

Since the Massachusetts bill was signed, similar legislation has been picking up speed around the country, said Maya Raghu, director of workplace equality at the National Women's Law Center in Washington, D.C.

"For lawmakers, it is something that you can easily understand, thinking back to your first jobs and how those salaries impacted you," she said.

Similar salary history bans have been introduced in New Jersey, and the city councils of New York City and Pittsburgh as well as the District of Columbia. In November, New York City stopped asking applicants for municipal jobs what they currently earn, and earlier this month Democratic New York Gov. Andrew Cuomo signed an executive order banning state entities from asking about pay history. Democrat Eleanor Holmes Norton, the District of Columbia's delegate to Congress, has sponsored similar legislation in Congress.

The Greater Boston Chamber of Commerce ended up backing the Massachusetts legislation after lots of meetings and some tweaks to the bill, said Jim Rooney, president and CEO of the group. Employers are allowed to ask candidates what their salary expectations are, and candidates are free to reveal their past salary, as with the Philadelphia bill.

"'What are your salary expectations?' is a powerful question, and it lets you be within law," he said.

Victoria Budson, executive director of the Women and Public Policy Program at the Harvard Kennedy School, says many steps are needed in order to close the wage gap, including educating employees and employers and understanding what a job is worth in a particular labor market.

"This provision won't close the wage gap, but it's an important piece in helping close it," she said. "You're not allowed to ask someone's marital status or if they are planning to have children. We have a long standing history of things not to ask an employee. This would just be one thing added to that."

Comcast is the parent company of NBC10 and NBC Universal.

Copyright Associated Press / NBC 10 Philadelphia

<![CDATA[NBC10 Responds: Tablet Charge Questions]]>Tue, 24 Jan 2017 07:42:23 -0500http://media.nbcphiladelphia.com/images/206*120/TMobile+Responds.JPGWhen Sharon and Bill Batta were charged for an iPad they didn't buy they turned to Harry Hairston and the NBC10 Responds team.

Photo Credit: NBC10]]>
<![CDATA[How a Trump Tariff Could Sideswipe US Auto Industry]]>Thu, 26 Jan 2017 10:18:00 -0500http://media.nbcphiladelphia.com/images/213*120/GettyImages-450105236.jpg

The threat from President Donald Trump to tax Mexican-made cars sold in the U.S. would throw the industry into disarray, analysts say, forcing some uncomfortable choices: Raise car prices or swallow the cost. Stop selling Mexican-made cars in the U.S. but risk losing customers. Move production to the U.S. but make less money. 

"I don't think the auto industry would turn up its feet and die, but it would be a terrible shock. It would create mayhem with their profitability," said Marina Whitman, a business professor at the University of Michigan and a former vice president at General Motors Co. 

Trump hosted a breakfast meeting early Tuesday with the heads of General Motors, Ford Motor Co. and Fiat Chrysler Automobiles. Prior to the meeting, Trump demanded on Twitter that automakers build new factories in the U.S. "I want new plants to be built here for cars sold here," his tweet said. He has warned of a "substantial border tax" on companies that move manufacturing out of the country and promised tax advantages to those that produce domestically. 

For more than two decades, Mexico has been an oasis for the auto industry, offering cheap labor and access to dozens of markets through free-trade deals. Whitman says Detroit automakers can't build small cars profitably in the U.S., where a unionized auto worker can make $58 an hour in wages and benefits. By comparison, a Mexican auto assembly worker makes a little more than $8. 

That helps to explain why automakers have announced $24 billion in Mexican investments over the last six years, according to the Center for Automotive Research, a Michigan think tank. In all, $50.5 billion in vehicles and $51 billion in auto parts were shipped to the U.S. from Mexico in 2015, U.S. government data show. 

Mexico's auto sector, while still smaller than the U.S., is growing at a faster clip. Mexico's vehicle production capacity is expected to rise 49 percent to 5.5 million vehicles by 2023, according to LMC Automotive, a forecasting firm. U.S. capacity will grow 13 percent to 14.2 million vehicles in the same period. 

But Trump could change that. In frequent tweets targeting the auto industry, he has proposed both a 35-percent tariff on Mexican-made imports and a "border tax," which would tax companies' imports. That's forcing automakers to consider a number of options.


Abandoning Mexico and moving production to the U.S., as Trump demands, would cost the industry billions and scuttle plans that are years in the making. Audi, for example, just opened a plant in Mexico that it decided to build five years ago.

"It's very difficult to turn on your heels quickly in the auto industry," said Laurie Harbour-Felax, a manufacturing consultant and president of Harbour Results Inc.

In recent weeks, Volkswagen, GM, Toyota and BMW have all said they won't shift their production plans, while stressing the amount they've invested in the U.S. BMW, for example, said it's proceeding with a $1 billion plant in Mexico that will make the 3 Series sedan starting in 2019. The German automaker also noted that its SUV plant in South Carolina is its largest plant worldwide.

Trump's border tax would hurt some automakers more than others. Volkswagen, for example, imports 32 percent of the vehicles its sells in the U.S. from Mexico, according to LMC. But Honda imports just 11 percent, and that's expected to fall this year after it moves production of the CR-V SUV from Mexico to Indiana.


In early January, Ford made the surprise announcement that it would halt construction of a $1.6 billion plant in Mexico slated to build the compact Focus. It also announced plans to invest $700 million of that savings into a Michigan plant where it will make new electric and autonomous cars.

Ford said declining sales of small cars, not Trump, influenced the Mexico plant decision, and the company will still make the Focus in Mexico at a different plant. But Ford CEO Mark Fields noted that Trump's promise to lower corporate taxes and ease regulations would make it more attractive to do business in the U.S. Fields also said he's not worried about the possibility of tariffs

Others appear more nervous. Speaking to reporters at the Detroit auto show, Fiat Chrysler CEO Sergio Marchionne said his company might withdraw from Mexico altogether if tariffs got too high.

"Those plants were designed, built and purposed at a time when NAFTA was alive and well," he said. "It's one of the perils associated with the business that we run."

Trump can't place tariffs on companies or groups of companies without congressional approval, says Gary Hufbauer, a senior fellow at the nonpartisan Peterson Institute for International Economics. But he could fashion tariffs that hurt some companies more than others by, for example, picking and choosing from the dozens of import classifications for vehicles and parts.

Automakers could stop selling some Mexican-made cars in the U.S. altogether, but that would cost them customers. They could also try to sell the cars elsewhere.

Mexico has free trade agreements covering 45 countries, including agreements with the European Union, Japan and South America. By comparison, the U.S. has agreements with 20 countries.

Nissan Motor Co., the biggest producer in Mexico, made more than 823,000 vehicles in the country in 2015. Forty-six percent were shipped to the U.S., but another 17 percent went to other countries, including Canada and Saudi Arabia. Nissan could tweak those numbers if U.S. tariffs were prohibitive.

"All carmakers will adapt to the new rules, if there are new rules," Nissan CEO Carlos Ghosn said this month in Detroit.

If Trump imposes tariffs, automakers could try to pass along the cost to U.S. customers. But that would raise the price tag of cars like the $17,000 Nissan Sentra or the $21,000 Chevrolet Trax by thousands of dollars.

Even a U.S.-built vehicle like the Toyota Camry would cost more. Jim Lentz, CEO of Toyota North America, said 25 percent of the Camry's parts are imported, and tariffs on those parts would add roughly $1,000 to the cost of the car.

Automakers could swallow the cost of the tariff, but it would hurt their bottom lines.

Dustin Blanchard, 31, who works for a software startup in Austin, Texas, drives a 2007 Nissan Sentra that he bought for $18,000. His car was made in Mexico, but he didn't think much about that when he bought it.

"The parts all come from everywhere. Domestic brands are made overseas and Japanese cars are made here," he says. "It's so interconnected that you don't feel like it's a patriotic duty to buy a Ford or something."

But a 35-percent tariff would have added $6,300 to the cost of his Sentra, which would have put it out of his reach.

Blanchard has thought more about NAFTA's impact since the election. When he recently drank a Mexican Coke, he says, he half-joked that he better enjoy it while he can.

"It's something I had taken for granted, that free trade was here to stay," he says.

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: Getty Images]]>
PHILADELPHIA BUSINESS JOURNAL]]><![CDATA[December 2016 Liquor Sales in Pa. Break Record ]]>Tue, 24 Jan 2017 06:51:01 -0500http://media.nbcphiladelphia.com/images/213*120/liquor+bottles+generic.jpg

A holiday season that saw Pennsylvanians buying more than $327 million worth of liquor and wine in December is putting the current fiscal year on pace to surpass the retail sales record set in 2016.

December 2016 set a new record for monthly sales for the Pennsylvania Liquor Control Board. With $327.3 million in total sales, including taxes, the final month of 2016 blew past the previous record of $310.3 million, set in December 2015.

The day before Christmas Eve 2016 brought in total sales, including sales and liquor taxes, of $27.4 million – exceeding the top sales day of 2015 and setting a new single-day sales record. The PLCB reported sales of $26.3 million for Dec. 31, 2015.

To read full article, click here.

For more business news, visit Philadelphia Business Journal.

Photo Credit: NBC 5 News]]>
PHILADELPHIA BUSINESS JOURNAL]]><![CDATA[Hahnemann Launches Gender Affirmation Surgery Program]]>Mon, 23 Jan 2017 11:33:55 -0500http://media.nbcphiladelphia.com/images/213*120/Hahnemann+Hospital.JPG

Hahnemann University Hospital in Philadelphia on Monday said it has launched a new gender affirmation program for transgender patients.

Hahnemann will offer both female-to-male and male-to-female gender confirming surgeries. The launch of the Gender Reassignment Surgical Program, according to Hahnemann, represents a first for an academic medical center in the region.

“We’re extremely proud to offer gender confirming surgery at Hahnemann University Hospital because it is in line with our focus on providing all patients with leading-edge, high-quality care,” said CEO Michael P. Halter.

To read more about the program, click here.

For more business news, visit Philadelphia Business Journal

<![CDATA[NBC10 Responds: Flooring Woes]]>Mon, 23 Jan 2017 08:20:07 -0500http://media.nbcphiladelphia.com/images/213*120/WCAU_000000018965664_1200x675_860609091738.jpgBrynn Tomasso didn't expect any problems after spending $2800 on a floor installation from Lumber Liquidators. When the floorboards started to separate she called Harry Hairston and NBC10 Responds to get results.]]><![CDATA[Can an App Help Solve the Opioid Crisis?]]>Sat, 21 Jan 2017 07:50:13 -0500http://media.nbcphiladelphia.com/images/213*120/Upenn+hackathon.PNG

The largest collegiate hackathon is getting underway on the University of Pennsylvania campus this weekend with a new focus on tackling one of the biggest public health issues in our region and America — the opioid crisis.

It’s the eighth year the PennApps hackathon has drawn upwards of 2,000 student hackers from around the world to Philadelphia to code, compete for tens of thousands in prizes, attend workshops and more. Those who venture into the hackathon’s health care and behavior health track — virtual reality, digital security and civic hacking are also options — will team up to build software applications over the course of 56 hours that have a direct focus on aiding officials, people in recovery and other stakeholders working to address the rise in addiction and deaths related to opioid use.

The focus stems from a partnership between PennApps, the Substance Abuse and Mental Health Services Administration, and Quaker Peer Recovery, a recovery community at Penn’s School of Social Policy and Practice.

Robert Ashford, president of Quaker Peer Recovery, said the applications could come at the issue from any approach – including drawing on interagency data on opioid addictions, developing an API or overlay to bring that kind of information into electronic health record systems, or building out apps that help those in recovery navigate resources or stay accountable through things like self check-ins and social media networks for recovering addicts.

Ashford, an MSW candidate at Penn SP2, said geotargeting technology could also be used to push ads out to smartphone users in areas that have seen marked upticks in overdoses.

To read the full article, click here.

For more business news, visit Philadelphia Business Journal. 

Photo Credit: Philadelphia Business Journal]]>
<![CDATA[2 Pa. Cheese Companies Get Probation Over Counterfeit Cheese]]>Fri, 20 Jan 2017 15:42:38 -0500http://media.nbcphiladelphia.com/images/213*120/cheese+generic.jpg

Two Pennsylvania cheese businesses are being punished for selling grated Swiss and mozzarella cheeses that were mislabeled and fraudulently represented as Parmesan and Romano instead.

A federal judge sentenced Universal Cheese & Drying and International Packing to three years' probation and ordered them to pay $500,000 for their convictions related to the cheese mislabeling.

Acting U.S. Attorney Soo Song said Friday the companies packaged and sold cheese under various labels at the Castle Cheese facility in Slippery Rock. They've ceased operations.

In October, a former executive with the businesses was sentenced to three years' probation and ordered to pay a $5,000 fine.

Although U.S. Food and Drug Administration inspection reports have raised questions about whether the cheeses had too much cellulose-- a filler made from wood pulp-- that wasn't an issue in the case.

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: Getty Images]]>
<![CDATA[Pa. Unemployment Rate, Labor Force, Payrolls Shrink ]]>Fri, 20 Jan 2017 12:07:55 -0500http://media.nbcphiladelphia.com/images/214*120/PBJ+unemployment+picture.jpg

Pennsylvania's unemployment rate dropped in December for the second straight month. But it remained well above the national rate as the labor force contracted and payrolls shrank.

The state Department of Labor and Industry said Friday that Pennsylvania's jobless rate was 5.6 percent in December. That's down one-tenth of a percentage point from November. The national rate was 4.7 percent in December.

Hiring remained stagnant, with a survey of employers finding that seasonally adjusted non-farm payrolls shrank by 1,200 in December. That's slightly below a record high of 5.9 million set earlier this year.

A household survey found that the civilian labor force shrank by 19,000. Employment dropped by 12,000 to remain above 6.1 million while unemployment dropped by 7,000 to 366,000.

Friday's figures are preliminary and could change.

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: Philadelphia Business Journal]]>
PHILADELPHIA BUSINESS JOURNAL]]><![CDATA[Barnes Foundation Embarks $5.8M Upgrade Project]]>Sat, 21 Jan 2017 07:26:00 -0500http://media.nbcphiladelphia.com/images/213*120/Barnes+Foundation+Photo+2.jpg

The Barnes Foundation is embarking on a multimillion-dollar project to boost the institution's educational and culinary experiences, including the addition of 4,000 square feet of space and changes to the restaurant that will add an open-kitchen concept.

Located on Benjamin Franklin Parkway, the institution this month will begin construction on a $5.8 million project that includes what will be called the Garden Pavilion, a 4,000-square-foot facility that will provide an additional space for Barnes-de Mazia education and K–12 classes, officials announced Thursday afternoon.

It will also be a space for special programming for Barnes Foundation members, community group meetings and public programs like seminars and lectures. The pavilion will include additional dining space too.

Slated for a summer 2017 completion, the Garden Pavilion will be located on the northeast corner of the Barnes Foundation, closest to Pennsylvania Avenue and 21st Street and adjacent to the institution's Garden Restaurant.

Garden Pavilion will be accessible through the restaurant's outdoor dining space and through the Annenberg Court.

Officials wanted to “carefully assess how it would best advance our public mission” before it began, according to Peg Zminda, Barnes executive vice president, CFO and COO, who said officials had considered the project for some time.

To learn more information on the project, click here

For more information, visit Philadelphia Business Journal

Photo Credit: B.Krist for GPTMC]]>
PHILADELPHIA BUSINESS JOURNAL]]><![CDATA[Obamacare Repeal Cost: 137,000 Pa. Jobs]]>Thu, 19 Jan 2017 12:57:32 -0500http://media.nbcphiladelphia.com/images/213*120/Obamacare-Website-AP_249581118509.jpg

A report released Thursday by the Pennsylvania Budget and Policy Center, a nonprofit government research organization, found the repeal of Obamacare will result in more than 1.1 million Pennsylvania residents losing their health insurance and the loss of more than 137,000 jobs statewide.

Congress has already taken the first steps toward repealing the Affordable Care Act, the health care reform signed into law by President Obama in 2010 that came to be known as Obamacare. It included prohibiting health insurers from denying coverage to people with pre-existing conditions, allowing children to stay on their parent’s health insurance policies until they turn 26 and setting up insurance marketplaces where people without employer-based coverage can purchase subsidized health insurance policies.

President-elect Trump’s campaign included a call to repeal and replace the Affordable Care Act. Details on the administration’s proposal to replace the legislation are not yet known.

To read full article, click here.

For more business news, visit Philadelphia Business Journal.

Photo Credit: File--AP]]>
<![CDATA[NBC10 Responds: Missing Ordered Items]]>Thu, 19 Jan 2017 09:35:39 -0500http://media.nbcphiladelphia.com/images/213*120/WCAU_000000018907932_1200x675_858161219976.jpgNBC10’s Harry Hairston helps a woman who ordered online from Target but had missing items on the delivery date.]]><![CDATA[Foreclosed Mall Once Valued at $190M Is Auctioned for $100 ]]>Wed, 18 Jan 2017 18:39:07 -0500http://media.nbcphiladelphia.com/images/213*120/AP_17018793692871-Pittsburgh-Mills-Mall.jpg

A Pennsylvania mall that was foreclosed on after its owners failed to repay $143 million has been auctioned off for $100.

Wells Fargo Bank was owed the money from a 2006 loan and submitted the winning bid for the 1.1 million-square-foot Galleria at Pittsburgh Mills on Wednesday. The bank was acting as trustee for MSCI 2007 HQ11, the trust that bought the mall in suburban Frazer Township.

Wells Fargo foreclosed last year on the mall, which opened in 2005. The mall once was worth $190 million but recently was appraised at just $11 million and is slightly more than half occupied. Pittsburgh Mills Limited Partnership defaulted on the loan.

Wells Fargo and the mall's new owners haven't commented on the purchase.

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: AP, File]]>
<![CDATA[U.S. Mint Releases Special Penny with Mark for Philly]]>Thu, 19 Jan 2017 06:52:21 -0500http://media.nbcphiladelphia.com/images/213*120/US+Mint+PBJ.PNG

The United States Mint recently released a coin that should excite local numismatists – also known as coin collectors – with its nod to Philadelphia.

Employees at the Philadelphia Mint, located in Old City, suggested the 2017 release of the Lincoln-emblazoned cent should include the letter "P" beneath the year, according to CoinWeek.com.

Only to be released this year, the pennies mark the first time the one-cent coin has had the city's "P" mint mark, the outlet said.

The first known individual to publicly inquire about the 2017-P Lincoln cent is Terry Granstaff, a collector who found a 2017-P Lincoln cent during a transaction at a Black Mountain, North Carolina, gas station. Granstaff posted images of the coin the Professional Coin Grading Service (PCGS) online discussion board, causing a numismatic stir on the PCGS message forum before the authenticity of the coin was finally verified.

To read the full article, click here.


For more business news, visit Philadelphia Business Journal. 

Photo Credit: DC Productions]]>
<![CDATA[Philly Casino Leads Pa. in Gaming Revenue Growth in 2016]]>Wed, 18 Jan 2017 15:45:07 -0500http://media.nbcphiladelphia.com/images/213*120/sugar+house+casnio+PBJ.PNG

Three out of Philadelphia's four casinos saw increases in totaling gaming revenue in 2016, but one property led the state in terms of year-over-year growth.

The gross total gaming revenue — slot machines and table games revenue combined — for Pennsylvania's 12 casinos exceeded $3.2 billion in 2016, up slightly more than 1 percent over 2015, according to the Pennsylvania Gaming Control Board.

Three of Philadelphia region's four casinos saw year-over-year increases in total gaming revenue: Parx Casino, Valley Forge Casino Resort and Sugarhouse Casino, which had the biggest year-over-year gains across Pennsylvania.

SugarHouse Casino led the state in terms of growth from 2016 over 2015. SugarHouse's total gaming revenue in 2016 was nearly $297.7 million, a 10.7 percent year-over-year increase.

In terms of highest total gaming revenue, however, Parx Casino led the state.

Parx Casino saw a 5.38 percent increase from 2015 for total gaming revenue of $551.6 million in 2016, and Valley Forge Casino Resort saw a 1.76 percent year-over-year increase for a total of nearly $114.7 million in 2016.

To read the full article, click here.

For more business news, visit Philadelphia Business Journal. 

Photo Credit: Photo by: G. Widman for GPTMC]]>
PHILADELPHIA BUSINESS JOURNAL]]><![CDATA[Historic Park in Philly Hits Visitation Milestone]]>Thu, 19 Jan 2017 11:40:55 -0500http://media.nbcphiladelphia.com/images/213*120/PHILLY_AP_16193683103959.jpg

The Independence National Historical Park, thanks in part to the National Park Service's centennial, got a major boost in visitation in 2016 that led to a milestone not touched since 1989.

The Independence National Historical Park — the 55-acre park composed of more than 25 sites, including Independence Hall and the Liberty Bell — beat 2015's visitation figures by nearly one million people in 2016.

The Philadelphia Business Journal last September reported that the national park in each month in 2016 through August — except for January — saw an increase in visitation over 2015.

To read full article, click here.

For more business news, visit Philadelphia Business Journal.

Photo Credit: AP]]>
<![CDATA[Will a Society Hill Grocery Store Remain After Demolition?]]>Wed, 18 Jan 2017 13:52:59 -0500http://media.nbcphiladelphia.com/images/213*120/acme+society+hill.PNG

A developer has received a conditional zoning permit on a proposed project in the Society Hill neighborhood of Philadelphia that would eventually involve razing a building where an Acme grocery store is housed to make way for a new mixed-use development.

It’s a project that has drawn concern from the community for nearly two years. Worries about potentially losing the supermarket as well as the scope of the project in the historic neighborhood led the neighbors' list of worries. The granting of the conditional permit took the area residents by surprise.

The Society Hill Civic Association had been in regular communication with the attorney representing Alterra Property Group, the developer, according to a letter that was sent out over the weekend by Rosanne Loesch, president of the organization. The group said it had been in contact with the attorney regarding negotiations between Acme and the developer and the prospect of keeping the grocery store as part of the project.

Whether the Acme will remain is unknown at this point. It has roughly two years left on its lease.

To read the full article, click here.


For more business news, visit Philadelphia Business Journal. 

Photo Credit: Philadelphia Business Journal]]>
<![CDATA[NBC10 Responds: Day Bed Issues]]>Wed, 18 Jan 2017 08:34:00 -0500http://media.nbcphiladelphia.com/images/225*120/Mattress+Firm+Statement.JPGNBC10 Responds and reporter Ines Ferre help Maria Villanueva who tried to buy her mother a gift but ran into problems when he day bed arrived damaged.

Photo Credit: NBC10]]>
<![CDATA[Lowe's Announces Nearly 2,400 Layoffs for Full-Time Workers]]>Tue, 17 Jan 2017 20:53:35 -0500http://media.nbcphiladelphia.com/images/213*120/AP_16321410353787-Lowes-storefront.jpg

North Carolina-based home improvement retailer Lowe's says it's told about 2,400 full-time workers that they will be laid off.

A statement from the store said the majority of the cuts are at the store level, with other cuts occurring at distribution centers, customer support centers and vice presidents at the company's corporate office in Mooresville.

The company said it's providing severance and outplacement resources to displaced workers.

Lowe's CEO Robert Niblock told employees in an email that the changes "will better align store staffing with customer demand, shift resources from back-of-the-store activities to customer-facing ones, and enhance our efficiency and productivity."

Lowe's also announced Bob Hull was retiring as its chief financial officer. Marshall Croom, who has been with Lowe's for two decades, will succeed Hull as CFO March 3.

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: Alan Diaz, AP (File)]]>
<![CDATA[NJ Food Stamp Recipients Can Shop Online ]]>Tue, 17 Jan 2017 17:45:43 -0500http://media.nbcphiladelphia.com/images/213*120/EBT+SNAP+pierden+beneficio.jpg

New Jersey was among seven states selected by the U.S. Department of Agriculture to participate in a pilot program to buy Supplemental Nutrition Assistance Program vouchers online.

Under the two-year pilot, residents of the Garden State who use food stamps will be able to purchase eligible grocery items online from Amazon and ShopRite beginning this summer.

SNAP online ordering will follow the same rules as in-store purchasing. Participants will be able to use their food stamps to buy bread, fruit, vegetables, meats, fish, poultry, dairy products and other produce.

The USDA plans to add additional retailers once the pilot program has been established.

Approximately 837,000 New Jersey residents received SNAP benefits as of October, according to the state Division of Family Development.

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: Getty Images]]>
<![CDATA[Rutgers Eliminates Parking Spots]]>Tue, 17 Jan 2017 16:55:15 -0500http://media.nbcphiladelphia.com/images/213*120/TLMD-rutgers-nj-new-brunswick-st1.jpg

Returning Rutgers University students will find fewer parking spaces on the New Brunswick campus.

Officials on Tuesday began work on dedicated bus and bike lanes along College Avenue that are designed to improve pedestrian safety and increase traffic flow. Fifty parking spaces were eliminated.

To compensate for less parking, 20 metered spaces will be available for all-day parking in lot 26, behind the Rutgers Student Center on College Avenue. The remaining metered parking will be located at Alexander Johnston Hall at the corner of College Avenue and Somerset Street and will be available for public use after 6 p.m. Monday through Sunday.

Fencing will be installed between Scott Hall and Ford Hall on College Avenue with gaps at crosswalks.

Copyright Associated Press / NBC 10 Philadelphia

<![CDATA[Cheers! NJ Brewery Honors Nova's 175th With Tongue-Twister]]>Tue, 17 Jan 2017 17:54:21 -0500http://media.nbcphiladelphia.com/images/213*120/Villanova+Commemorative+Beer.jpg

The co-owners of New Jersey's Cape May Brewing Company are honoring the 175th anniversary of their alma mater with a uniquely named commemorative brew.

The Jersey shore-based microbrewery is releasing its "Demisemiseptcentennial Ale'' in bottles and draft on Jan. 25 to celebrate the founding of Villanova University.

The beer is a classic pale ale brewed with a sampling of German pilsner malt, the brewery's house ale yeast strain and a hefty dose of hops. It's been described as an easy-drinking draft that's perfect for cheering on the Wildcats this basketball season.

Co-owners, and Nova alums, Ryan Krill and Chris Henke first met as freshmen at the suburban Philadelphia school in 2001.

The university wanted to involve alumni in its year-long celebration of the milestone anniversary, said Christine Quisenberry, Villanova's director of presidential initiatives and events.

The Main Line university explains the meaning of the tongue-twisting word on their website.

"A centennial is a 100th anniversary, but what is a 175th anniversary? It's a demisemiseptcentennial, of course! Demisemiseptcentennial is literally one-half (demi-) x one-half (semi-) x seven (sept-) x 100 years (centennial)," the college said. 

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: Cape May Brewing Company
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<![CDATA[Chesco Catholic College Cuts Tuition]]>Tue, 17 Jan 2017 08:38:40 -0500http://media.nbcphiladelphia.com/images/223*120/Immaculata+University.JPG

A Catholic college in suburban Philadelphia has announced plans to reduce its tuition by 23 percent for the 2017-18 academic year to offset the rising cost of higher education.

Tuition to Immaculata University in Chester County will be reset from $34,410 to $26,500 next year. Without the reduction, university officials say tuition including room and board would've risen to nearly $50,000 in 2017-18.

Immaculata will additionally scale back the amount of funding the school awards in scholarships and grants. As a result, students' out-of-pocket costs will not reflect much of a change.

The tuition reduction follows similar plans executed locally by both Rosemont College and La Salle University.

Gerald Wargo Jr., vice president for enrollment management, says the move is all about opening up Immaculata to more potential applicants.

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: NBC10]]>
<![CDATA[NBC10 Responds Recovers Missing Rebate]]>Tue, 17 Jan 2017 08:03:01 -0500http://media.nbcphiladelphia.com/images/213*120/WCAU_000000018868261_1200x675_856300099518.jpgWhen Richard Roemer never received his rebate for a recalled Samsung washer, he contacted Harry Hairston and the NBC10 Responds team.]]><![CDATA[Pa. Beer Drinkers Can Raise a Bottle to Looser Rules]]>Tue, 17 Jan 2017 00:26:20 -0500http://media.nbcphiladelphia.com/images/213*120/Generic_Beer_Victory_Beer_Generic_Beer_Bottles.jpg

Pennsylvania drinkers will get a new reason to celebrate on Tuesday, when looser regulations on beer retailers go into effect, letting them sell any quantity, including individual 32-ounce bottles, six-packs and growlers.

The state's 1,200 distributors were once largely limited to selling cases and kegs, one reason Pennsylvania's alcohol rules were widely considered among the nation's most restrictive.

That changed about two years ago, when retailers were allowed to sell 12-packs.

The new law is literally transforming many of the retailers, who have been making physical changes to their stores to accommodate the changes and the expected demand.

Mark Tanczos, owner of Tanczos Beverages in Bethlehem, has spent thousands to install a growler station, put in new racks and add a cooler.

"Consumers used to be happy with one or two selections," Tanczos said. "Now, if you're going to have an event at home, you don't have one or two selections, you have six or more."

Tanczos said he expects to see customers picking up one or two bottles of craft beer — a cheaper way to try something new.

"If you have a location that sells a lot of craft beer now, you probably could do pretty well with growlers, but if you're more of a bread-and-butter domestic (beer) location, you probably won't do as well," he said.

The law signed by Democratic Gov. Tom Wolf in November also lets bars start selling booze at 9 a.m. on Sundays, without a requirement they also serve food. State residents may now join "beer-of-the-month" clubs that ship to their homes directly. And sporting venues may sell mixed drinks.

Photo Credit: NBC10 Philadelphia]]>
<![CDATA[NBC10 Responds: Phone Bill Problems]]>Mon, 16 Jan 2017 07:53:42 -0500http://media.nbcphiladelphia.com/images/213*120/WCAU_000000018848530_1200x675_855742019680.jpgHarry Hairston and the NBC10 Responds Team helps a family with a unwanted reoccurring phone bill.]]><![CDATA[IHOP: Our Twitter Was Hacked]]>Sun, 15 Jan 2017 23:30:16 -0500http://media.nbcphiladelphia.com/images/213*120/ihop-deleted-tweet-new.jpg

IHOP said that sometime Sunday morning, the company’s Twitter account was hacked when a politically charged retweet appeared that caused some customers to pledge to never eat their golden fluffy pancakes again.

The International House of Pancakes confirmed to NBC4 the retweet in question involved a statement that Hillary Clinton ran a "major garbage campaign."

As soon as the IHOP team saw the retweet, it was deleted and IHOP took necessary precautions to make sure the company wouldn’t be hacked again.

IHOP released the following statement:

"At the core of the IHOP brand is a desire to bring people together and a commitment to creating a warm and welcoming environment for guests and fans everywhere, both in our restaurants and online. After a thorough investigation, we have confirmed that the IHOP Twitter account was hacked this morning. The retweeted post in question was immediately removed, and we have taken the necessary steps to ensure the security and integrity of our social media accounts. We appreciate our fans bringing this to our attention and recognizing that this is not normal content shared by IHOP."

This story uses functionality that may not work in our app. Click here to open the story in your web browser.]]>
<![CDATA[SD Companies Won't Move Chargers]]>Mon, 16 Jan 2017 20:23:55 -0500http://media.nbcphiladelphia.com/images/176*120/Dean+Spanos+vs+Jacksonville.JPG

So the Chargers said they are going to move to Los Angeles. Now they actually have to move to Los Angeles.

Anyone who has ever moved before understands what an undertaking this is. You have to pack up the boxes, prepare the furniture, finally address all the junk that’s been accumulating in the garage … it’s not a small endeavor, and that’s just for a house.

The Chargers are moving offices and a practice facility. That means they have to pack up and transport all the tackling sleds, all the computers, all the files … basically 55 years-worth of stuff. For that they will have to hire a moving company.

Finding one, however, has proven to be a problem.

“We were just sitting there thinking about the physical move of the Chargers,” said Ryan Charles, head of sales and marketing for www.HireAHelper.com. “We were thinking we would not want to be a part of that, having been born and raised here and being a lifelong Chargers fan.”

Charles asked the companies within the Hire A Helper network if they would refuse to help the Chargers move and they all said yes. But the movement did not stop there.

“Other moving companies, our peers, might not want to, either,” said Charles, “and wouldn’t it be cool if we all banded together to say that we wouldn’t?”

So Charles started cold-calling his fellow moving companies to float the idea by them. The response was a bit surprising … in a good way.

“The feedback was immediately positive,” said Charles. “I got chuckles, people were laughing, there were guys saying ‘I wouldn’t move them for X amount of dollars.’”

That variable is likely in excess of $100,000, by the way. With all the offices and training equipment, plus the likelihood of having staff and players jump on board, this is a monster payday these companies are turning down to stick to their principles.

As of Sunday night 22 movers based in San Diego had vowed not to move the Chargers north and more are expected to sign on in the coming days. An email is being sent to as many movers as Charles can think of.

“It’s almost like the last line of defense. We were making this last statement of loyalty to the SAN DIEGO Chargers,” said Charles.

But it is not simply the San Diego moving companies that have pledged their resistence. Movers in the Los Angeles area are also joining the cause.

“Once we started hearing the sentiment from L.A., you know, the ‘We don’t want you,’ we thought maybe there are Los Angeles companies who wouldn’t want to move them in to their city. We reached out to them and we have five L.A. moving companies on board that have agreed [to not move the Chargers to Los Angeles].”

Not every moving company in San Diego will take part in this movement but enough will to let the Spanos family know just how disappointed Chargers fans are. Plus, this kind of camaraderie might be the proverbial silver lining.

“It’s an awesome statement of loyalty, that’s for sure," Charles added.

To see all the companies dedicated to not move the Chargers just visit www.wewontmoveyouchargers.com and see the list continue to grow.

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<![CDATA[Millennials, Boomers Driving Local Real Estate Trends]]>Sun, 15 Jan 2017 11:18:08 -0500http://media.nbcphiladelphia.com/images/213*120/for-sale-sign.jpg

Key players in the Greater Philadelphia commercial real estate industry say two key groups – millennials and Baby Boomers – continue to drive many real estate trends underway and will continue to do so for the foreseeable future.

This was among the takeaways from a panel of real estate experts who spoke at the Philadelphia Business Journal’s second annual economic forecast, which touched on several issues affecting the region. Chuck Breder, division president of Toll Brothers Inc., Bill Glazer, president and CEO of Keystone Property Group, Michael Markman, president of BET Investments, and Roger Thomas, president and co-Founder of Workspace Property Trust, were real estate industry executives who sat on the panel.

When asked about how the millennial's are affecting the marketplace, Thomas said he believes that millennials want to live in urban environments now but it’s not permanent.

“It’s a cycle like any other cycle,” he said. “When they hook up with a partner, get married, start having kids, they’re going to see that they have more value for their dollar in the suburbs. They’re not going to want to pay for private schools or be able to afford to pay for private schools. I think the American dream is still alive and well and for the most part people still want to own their own homes.”

To read the full article, click here.

For more business news, visit Philadelphia Business Journal. 

Photo Credit: NBC 5 News]]>
<![CDATA[Philadelphia-Based Startup Nabs Comcast, PhilaU as Clients]]>Mon, 16 Jan 2017 06:43:30 -0500http://media.nbcphiladelphia.com/images/213*120/Milkcrate.JPG

A Philadelphia-based startup nearly four years in the making just scored several major clients – including Comcast – for its sustainability focused app.

Morgan Berman, the founder of MilkCrate, announced Thursday that Comcast will introduce its app to a pilot group of employees this spring, followed by a larger roll-out later this year.

"Comcast wants employees to learn how to be more sustainable at work and at home," Berman told the Philadelphia Business Journal. She describes the MilkCrate app as "a Fitbit for doing good."

When Berman first debuted MilkCrate several years ago, the app tried to offer consumers a way to easily locate environmentally friendly businesses in the city. Filters allowed users to search by neighborhood and type of business – including salons and restaurants.

But the app wasn't seeing the amount of success its creator had envisioned. Turning to a roomful of tech entrepreneurs during her announcement, Berman asked: "How many of you realized your idea was working in your head but not in the real world?"

To read the full article, click here.


For more business news, visit Philadelphia Business Journal.

Photo Credit: Philadelphia Business Journal]]>
<![CDATA[Adidas Rereleases 'OG' NMD Sneaker]]>Sat, 14 Jan 2017 19:40:10 -0500http://media.nbcphiladelphia.com/images/213*120/AdidasNMDLine.jpg

It's well-known that New Yorkers are crazy for fashion. NYPD officers witnessed the chaos first hand as officers responded to calls for crowd control at Adidas' Fifth Avenue location Saturday morning.

A line of eager sneakerheads snaked along 46th Street from Fifth Avenue toward Madison Avenue on Saturday morning for their chance to purchase the highly coveted Adidas "OG" NMD, a sneaker that the athletic wear brand originally released in December 2015 to much fanfare.

Brands frequently rerelease popular colorways of classic sneakers, notably Jordan Brand, whose Air Jordan retros typically sell like hotcakes within an hour or two after they drop. In Adidas case, the shoe was so hot that cops had to shut down the store by 11 a.m.

Online shoppers sat at their computer at the crack of dawn, some up at 7 a.m., trying their luck at coveting the 2017's hottest release so far. A couple of fanatics were sucessful at getting through checkout, though the website allegedly crashed and froze several times in the process.

One wife with "lucky hands" purchased a pair for her husband, who was ecstatic.

Other sneakerheads weren't so lucky and took to social media to express their frustrations about the missed opportunity.


Even those who aren't sneaker aficionados wanted in on the NMD madness.

If you tried to get your hands on a pair but weren't able to, don't fret, as several resellers posted links on social media within hours after the release ended.

Looking good will cost a pretty penny — one Facebook user says the sneakers resold as high as $1,000, but have now dropped within the $400 to $600 range. That's at least 3.5 times the original price point of $170. A pair of original release OG NMD's allegedly sold for $1,200 before the announcement of a rerelease last September.

Your wallet might be hurting, but beauty is pain, right?

This story uses functionality that may not work in our app. Click here to open the story in your web browser.]]>
<![CDATA[Feds Shut Down, Fine Pa. Fireworks Company $200K ]]>Fri, 13 Jan 2017 14:19:59 -0500http://media.nbcphiladelphia.com/images/160*120/fireworks-generic-10.jpg

A Pennsylvania fireworks business used for many national events has been fined $200,000 by federal agents and ordered to close for two weeks after an employee stole fireworks.

Family-owned Zambelli International Fireworks of New Castle blamed poor record-keeping on its failure to detect the theft. It has been ordered to improve its record-keeping.

Zambelli says state police discovered the missing fireworks in 2014. Nobody has been charged.

Zambelli was founded in 1893 and produces about 1,600 shows annually. Its fireworks have been used for presidential inaugurations, the National Mall Fourth of July celebration and state dinners.

The company says none of its shows are scheduled during the two-week shutdown.

The federal Bureau of Alcohol, Tobacco, Firearms and Explosives won't comment because the investigation is continuing.

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: Getty Images]]>
<![CDATA[Bucks County Community College's New Tech Facility]]>Fri, 13 Jan 2017 22:27:04 -0500http://media.nbcphiladelphia.com/images/213*120/outside+of+building.jpgTake a look inside Bucks County Community College's brand new Science Center, which opened on Thursday, Jan. 12. The 43,000-square foot, state-of-the-art building is located on the college's Newtown campus.

Photo Credit: NBC10/Brian Grob]]>
<![CDATA[Just Beat It! Film with Fiennes as Michael Jackson Scrapped]]>Fri, 13 Jan 2017 10:38:20 -0500http://media.nbcphiladelphia.com/images/213*120/FiennesJackson.jpg

A British broadcaster said Friday it was canceling a TV comedy starring Joseph Fiennes as Michael Jackson after the program was condemned by the late musician's family.

Sky Arts said it has decided not to broadcast the program "in light of the concerns expressed by Michael Jackson's immediate family." It said Fiennes "fully supports our decision."

Sky had been criticized for casting the white "Shakespeare in Love" star as the King of Pop in "Elizabeth, Michael and Marlon." The half-hour program also features Stockard Channing as Elizabeth Taylor and British actor Brian Cox as Marlon Brando.

Jackson's daughter Paris tweeted that she felt angry after watching a trailer for the show, which was due to be broadcast next week.

"I'm so incredibly offended by it, as I'm sure plenty of people are as well, and it honestly makes me want to vomit," she wrote.

"It angers me to see how obviously intentional it was for them to be this insulting, not just towards my father, but my godmother Liz as well."

The show is an episode in the "Urban Myths" series, which Sky says looks at "remarkable stories from well-known historical, artistic and cultural figures, which may or may not have happened in real life."

It centers on a possibly apocryphal cross-country road trip taken by Jackson, Taylor and Brando after the Sept. 11 attacks.

Sky said it was intended as "a light-hearted look at reportedly true events and never intended to cause any offense."

Fiennes defended his casting to The Associated Press last year, saying the project does not promote stereotyping.

Photo Credit: Getty]]>
<![CDATA[Amazon Bringing Thousands of Jobs to New Jersey]]>Fri, 13 Jan 2017 07:29:19 -0500http://media.nbcphiladelphia.com/images/177*120/GettyAmazonBox.jpg

Officials with Amazon have announced that the popular online retailer plans to add 2,500 new full-time jobs in New Jersey over the next year and a half.

NJ.com reports the available positions, which come with full benefits, include both entry-level work and more skilled jobs such as engineers and software developers.

The hiring boom is part of Amazon's push to add 100,000 more jobs nationwide. New positions are also available in Washington, Texas, California, Kentucky, Illinois and Florida.

Company officials say the new hires will all work at additional fulfillment centers. Amazon already employs a total of 11,000 workers at seven sites in New Jersey.

Amazon founder and CEO Jeff Bezos says innovation is one of the company's guiding principles and it's created hundreds of thousands of American jobs.

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: Getty Images]]>
<![CDATA[Chicken Soup Recall]]>Fri, 13 Jan 2017 06:46:20 -0500http://media.nbcphiladelphia.com/images/213*120/whole+foods+recall.jpg

A Massachusetts company has recalled chicken soup sold to Whole Foods stores in the tri-state because the soups are mislabeled and contain known allergens, the USDA said.

More than 3,000 pounds of “Mom’s Chicken Soup” were recalled by Kettle Cuisine, which shipped the soup to Whole Foods locations in Connecticut and New Jersey, as well as Maine, Massachusetts and Rhode Island.

Though labeled as chicken soup, the recalled products actually contain “Italian Wedding Soup with Meatballs,” a soup that contains eggs, milk and wheat, ingredients that are not declared on the label.

The USDA said no adverse reactions to the soup have been reported.

People with concerns about eggs, milk or wheat allergies should check their soup. The affected product comes in 24-ounce cups and has a use by date of Feb. 17, 2017. They bear the establishment number “P-18468.”

For more information, head to the page for this recall on the USDA website.

<![CDATA[Capriotti's Sandwich Shop Founder Dies]]>Thu, 12 Jan 2017 18:41:57 -0500http://media.nbcphiladelphia.com/images/213*120/Capriottis+founder.jpg

The founder of an iconic Delaware sandwich shop -- that includes Vice President Joe Biden among its many fans -- has died.

"It is with a very heavy heart that we share the news of the passing of our founder, Lois Margolet," wrote Capriotti’s Sandwich Shop on its Facebook page Thursday.

Margolet started the sandwich shop with her brother Alan in 1976 in Wilmington’s Little Italy neighborhood. The name was in honor of their grandfather Philip Capriotti.

Along the way, they created the iconic Thanksgiving-themed Bobbie turkey sandwich and wound up franchising out other locations in 16 states and the District of Columbia. The DC location even drew Delaware’s native son Biden who would also have sandwiches delivered.

"The brand she created is not just a sandwich shop, it is an institution in Delaware whose subs have touched countless people and support thousands of families across the country," said the shop’s post. "While grieving we will also celebrate her life and unique gift to the world."

That gift led to numerous accolades for the sandwich shop and its creations, said the company.

Margolet and her family sold the franchising company about a decade ago.

The company didn’t immediately reveal a cause of death. Funeral plans were pending Thursday.

Photo Credit: NBC10 Tim Furlong, Capriotti's]]>
PHILADELPHIA BUSINESS JOURNAL]]><![CDATA[Hillary Clinton Owes Philly Police Money ]]>Thu, 12 Jan 2017 13:30:29 -0500http://media.nbcphiladelphia.com/images/213*120/hillary-clinton8.jpg

The Philadelphia Police Department is owed a check.

The campaign for former Secretary of State Hillary Clinton is reportedly set to receive a final notice from the city's police force over a $2,678 fee for security at an April rally at City Hall.

PennLive.com reports that the failed Democratic presidential candidate owes $25,000 to local government and law enforcement agencies around the country.

To read which other candidates owes money to different agencies, click here.

For more information, visit Philadelphia Business Journal.

Photo Credit: CQ-Roll Call,Inc.]]>
<![CDATA[Recalled Samsung Washers Still Have Problems: Consumers]]>Thu, 12 Jan 2017 12:52:40 -0500http://media.nbcphiladelphia.com/images/213*120/samsung15.jpg

Samsung announced in November that it's recalling 3 million defective washing machines and promised to offer fixes, but some consumers say the washing machines are still dangerous to use, Today.com reported Thursday. 

Some machines have been reported to shake violently and explode. At least nine washing machine owners have reported injuries, including one report of a broken jaw. Some consumers says Samsung is mishandling the recall. One consumer told "Today" national investigative correspondent Jeff Rossen that Samsung did not returns "numerous" calls. 

In a statement, Samsung said, "Since we announced this recall, we have leveraged multiple channels to directly contact more than 2 million consumers, and have already repaired hundreds of thousands of top load washing machines."

The company added, "Our customer care team is standing by and we strongly encourage anyone with questions about the recall to contact us directly at 1-866-264-5636 or visit our website at samsung.com/us/tlw.”

Photo Credit: Samsung.com
This story uses functionality that may not work in our app. Click here to open the story in your web browser.]]>
<![CDATA[Amazon Plans to Hire 100,000 Over the Next 18 Months]]>Thu, 12 Jan 2017 15:17:23 -0500http://media.nbcphiladelphia.com/images/213*120/Amazon.png

Amazon plans to hire 100,000 full time workers over the next 18 months, highlighting its ambitious expansion plans — and the sharp contrast the e-commerce powerhouse strikes against traditional brick-and-mortar retailers, many of which are cutting jobs and closing stores.

Amazon has long been known for investing the money it makes back into its businesses, and it's doing that with a vengeance. The new hires will largely support new Amazon fulfillment centers in states such as Texas and California, expanded delivery capabilities and its money-minting Amazon Web Services cloud computing business.

The numbers are generally in line with Amazon's past hiring plans. Amazon, which had a total of 306,800 full-time and part-time employees globally at the end of September, hired a total of 123,700 globally during the 15 months ended in September, according to quarterly filings.


Amazon said Thursday its U.S. workforce has grown from 30,000 in 2011 to over 180,000 at the end of 2016. By comparison, Walmart — the world's largest retailer — employs about 2.4 million people worldwide, including 1.5 million workers in the U.S.

Baird analyst Colin Sebastian said the announcement shows that Amazon's hiring appears to be accelerating.

"We view this announcement positively in terms of the current trajectory of Amazon's businesses, as well as management's confidence in the long-term outlook," he said. "The hiring is consistent with our view that Amazon will continue to invest aggressively in its retail, media, technology and logistics businesses."


The news comes a month after President-elect Donald Trump met with tech leaders, including Amazon founder Jeff Bezos. Throughout the presidential election campaign Trump and Bezos clashed after Trump attacked Bezos and The Washington Post, which Bezos owns. But they appeared to make nice when Bezos attended the meeting in December.

Sean Spicer, the incoming White House press secretary, noted in a call with reporters on Thursday that Amazon made the announcement after the meeting, when Trump urged tech leaders to keep jobs in the U.S.

Spicer said that Trump was "pleased to play a role" in the job gains. Amazon did not immediately respond to a request to comment on what role, if any, Trump had in the jobs announcement.

Baird's Sebastian downplayed the politics factor, noting only that the online retailer may have deployed some "political capital" in the timing and details of its announcement.

"We suspect there is little, if any, shift of employment at Amazon from international locations to the U.S.," he said. "Moreover, we expect the pace of hiring internationally to accelerate as well."


Things are much less rosy at traditional brick-and-mortar retailers. Last week, the Limited said it would close all its stores and Macy's moved forward with plans to close 68 stores and said it will cut more than 10,000 jobs. There have been unconfirmed reports Walmart is also planning layoffs.

"The move from bricks to clicks is causing major disruption in the retail industry," said economist Diane Swonk.

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: Getty Images, File]]>
<![CDATA[US Accuses Fiat Chrysler of Cheating on Emissions]]>Thu, 12 Jan 2017 15:11:15 -0500http://media.nbcphiladelphia.com/images/178*120/GettyImages-488415617.jpg

The U.S. government accused Fiat Chrysler on Thursday of failing to disclose software in some of its pickups and SUVs with diesel engines that allows them to emit more pollution than allowed under the Clean Air Act.

The Environmental Protection Agency issued a "notice of violation" to the company that covers about 104,000 vehicles including the 2014 through 2016 Jeep Grand Cherokee and Ram pickups, all with 3-liter diesel engines. The California Air Resources Board took similar action.

"Failing to disclose software that affects emissions in a vehicle's engine is a serious violation of the law, which can result in harmful pollution in the air we breathe," said Cynthia Giles, EPA assistant administrator for enforcement and compliance.

Fiat Chrysler CEO Sergio Marchionne denied any wrongdoing, saying the EPA was blowing the issue out of proportion. "We have done in our view nothing that is illegal," he said Thursday on a conference call. "We will defend our behavior in the right environment."

Marchionne said he was told by company lawyers that the Justice Department is investigating the company in concert with the EPA, raising the likelihood of an ongoing criminal probe. He said the company halted production of Grand Cherokees and Rams with diesel engines in September, but will continue to sell models manufactured before then that are still on dealers' lots.

The company said it intends to present its case to the incoming Trump administration. "We will work with the new leadership to get this issue through," Marchionne said.

A spokesman for President-elect Trump did not immediately respond to a request for comment. The White House said Thursday that EPA makes enforcement decisions independently and that outgoing President Barack Obama wasn't involved in the decision to cite the company.

If found liable, Fiat Chrysler could face more than $4.5 billion in potential fines for violations of the Clean Air Act.

EPA said it will continue to investigate the "nature and impact" of the eight software functions identified through an intensive testing program launched after Volkswagen was caught in a 2015 cheating scandal involving its "Clean Diesel" line of vehicles. Regulators were not yet defining the software found in the Fiat Chrysler vehicles as so-called "defeat devices" intended to cheat on government emissions tests. 

However, the agency said that numerous discussions with Fiat Chrysler over the past year had not produced any suitable explanation for why the company had failed to disclose the software, which regulators said caused the vehicles to emit less pollution during testing than during regular driving.

"This is a clear and serious violation of the Clean Air Act," Giles said. "When companies break the law, Americans depend on EPA to step in and enforce."

On Thursday California regulators also announced they were citing Fiat Chrysler for 11 violations under that state's strict air quality standards.

Fiat Chrysler said in a statement that its emissions control systems "meet the applicable requirements" and that it spent months giving information to the EPA to explain its emissions technology and proposed a number of actions including software changes to address the agency's concerns.

Regulators said owners of the affected models do not yet need to take any action and that they should continue driving their vehicles.

Fiat Chrysler shares tumbled 20 percent $9.12 Thursday morning as the EPA action was reported, wiping out about $3 billion of the company's market value. The shares recovered a bit to $9.91 by early afternoon but still were down nearly 11 percent.

Shares of Cummins Inc. also fell just over 2 percent to $137.59. Though the company manufactures some diesel engines for Fiat Chrysler, the company said Thursday it did not make the engines in the Jeep and Ram models cited by the EPA. 

The announcement comes one day after Fiat rival Volkswagen pleaded guilty in federal court to criminal charges related to widespread cheating involving emissions tests, agreeing to pay a record $4.3 billion penalty. Six high-ranking VW executives have been charged in the scandal, which prompted a nationwide recall of more than a half-million affected cars and SUVs.

In the Volkswagen case, prosecutors alleged that top officials at the company approved of the cheating scheme, repeatedly lied to U.S. regulators and then orchestrated a mass attempted cover-up that included deleting computer files and emails.

EPA regulators made no such allegations against Fiat Chrysler on Thursday, though they said their investigation is in the early stages and is ongoing.

This isn't the first time the company has run afoul of a federal agency. In 2015, Fiat Chrysler was slapped with $175 million in penalties by the National Highway Traffic Safety Administration for mishandling recalls and failing to report safety data.

Marchionne, who clearly was agitated on a conference call with reporters, expressed confidence that the EPA will find no evidence of an illegal "defeat device" in the Jeeps and Rams. He said some of the computer software on the engines was not disclosed because it's standard among automakers and disclosure wasn't previously required. But he said the EPA changed the rules after the Volkswagen case.

Marchionne said there is no comparison between his company and VW because there was no intent by Fiat Chrysler to deceive the EPA or cheat on emissions tests.

"There's not a guy in this house that would even remotely attempt to try something as stupid as that," he said. "And if I found a guy like that I would have hung him on a door."

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: Getty Images]]>
<![CDATA[NBC10 Responds: Cell Phone Confusion]]>Thu, 12 Jan 2017 10:56:34 -0500http://media.nbcphiladelphia.com/images/213*120/WCAU_000000018797195_1200x675_853248579770.jpgLarry Silverman says he was getting different answers from representatives at his cell phone company. When he couldn't clear up the problem on his own, he called NBC10 Responds and Harry Hairston.]]><![CDATA[Philly-Area Biotech Stocks Hammered After Trump Comments]]>Thu, 12 Jan 2017 06:54:22 -0500http://media.nbcphiladelphia.com/images/213*120/AP_17011606362212.jpg

Philadelphia-area biotech, specialty pharmaceutical and generic drug company stocks got hammered Wednesday after President-elect Donald Trump criticized the industry for manufacturing drugs outside of the U.S. and charging excessive prices.

“We’re the largest buyer of drugs in the world, but we don’t bid properly, and we’ll save billions over time and we’ll do that with a lot of other industries,” Trump said at his first news conference since July. Trump went on to say he thinks the industry is “getting away with murder.”

Those comments sparked a sell-off in the biotech market, with the Nasdaq Biotechnology Index decreasing by about 3.7 percent shortly before 2 p.m. ET, a few hours after his comments.

Among the local drug company stocks taking the biggest hits Wednesday were Discovery Labs (NASDAQ: DSCO), which dropped more than 9 percent in mid-afternoon trading, and Endo International (NASDAQ: ENDP). Spark Therapeutics (NASDAQ: ONCE), Egalet (NASDAQ: EGLT) and Aclaris Therapeutic (NASDAQ: ACRS) were all down more than 7 percent.

Local generic drug makers also took a hit with shares of Lannett Co. (NYSE: LCI) down nearly 6 percent, and Teva (NYSE: TEVA) down 2.8 percent.

To read the full article, click here.


For more business news, visit Philadelphia Business Journal. 

Photo Credit: AP]]>
<![CDATA[3 New Jose Garces-led Restaurants at Tropicana Atlantic City]]>Wed, 11 Jan 2017 13:24:57 -0500http://media.nbcphiladelphia.com/images/213*120/tropicana+casino.PNG

Three new Jose Garces-led restaurants will open in Atlantic City in early March, expanding the former Iron Chef's imprint on the Shore resort.

Seafood will be heavily featured in the three distinct eateries set to open on March 3 in the Tropicana Atlantic City casino and hotel.

Formerly the Fin, Tropicana's oceanfront restaurant space will become Olon Restaurante. A fine-dining establishment, Olon will have a raw seafood bar, or cevicheria, and a menu that offers fresh seafood dishes. It plans to participate during lunch in Atlantic City's restaurant week, which begins March 5. Named for a city in Ecuador, Olon will also have two private dining rooms.

Two other establishments – La Cerveceria and Okatshe – will both have sushi.

Okatshe, a Japanese sake and noodle bar, will be open nightly beginning at 4 p.m. Aside from its menu of sushi and noodle dishes, it will also give diners a chance to try unique sweets. Okatshe – which translates to the Japanese word for sweets – will have a candy store at its entrance, all part of the decor's take on a Japanese streetscape.

To read the full article, click here.

For more business news, visit Philadelphia Business Journal. 

Photo Credit: Tropicana Casino]]>
<![CDATA[$60M Faith & Liberty Discovery Center Coming to Philly]]>Thu, 12 Jan 2017 11:04:14 -0500http://media.nbcphiladelphia.com/images/213*120/American+Bible+Society+Attraction.PNG

The American Bible Society is moving forward with a $60 million Faith & Liberty Discovery Center, bringing a new attraction to Philadelphia that attempts to highlight the link the city, country and its founding has with the Bible.

The organization indicated when it relocated its headquarters a year ago to Philadelphia’s historic district that it intended to have the attraction be part of its presence here and formalized it in an announcement made at the Independence Visitors Center on Wednesday. The American Bible Society is based at 401 Market St.

The discovery center looks to examine the connection between faith and liberty in America and its formation. It will attempt to shed a light on how the Bible influenced historical figures and even documents such as the Constitution.

"Among America’s essential founding documents, the Bible is a significant organizing cultural force that has inspired, influenced, and informed American ideals of liberty that continue to shape our national identity as a free people,” the organization said in a statement.

The attraction will begin with the Colonial Era and span to modern times and put on display how one “needs to know something about the Bible to understand our country, its founding and how people were inspired by the Bible,” said Roy Peterson, bible society president and CEO.

To read the full article, click here.


For more business news, visit Philadelphia Business Journal. 

Photo Credit: Philadelphia Business Journal]]>
<![CDATA[NBC10 Responds: Online Bill Problems]]>Wed, 11 Jan 2017 08:56:06 -0500http://media.nbcphiladelphia.com/images/213*120/WCAU_000000018777076_1200x675_852395587990.jpgNBC10 Responds saved one Philadelphia woman more than $150 after a problem with paying her bill online. Ines Ferre has tips on how to prevent similar problems with your online accounts.]]><![CDATA[SAP to Add Nearly 400 Jobs in Pennsylvania]]>Wed, 11 Jan 2017 06:57:20 -0500http://media.nbcphiladelphia.com/images/213*120/SAP+PBJ.PNG

Global enterprise software company SAP will add nearly 400 jobs in Pennsylvania over the next three years, Gov. Tom Wolf announced Tuesday, and 150 of those high-wage jobs are coming to the Philadelphia region.

The positions are coming to SAP's U.S. headquarters in Newtown Township as well as a $72.2 million expansion to SAP's footprint in Pittsburgh, where it will hire 242, for a total of 392 statewide.

SAP currently employs 3,305 in the Commonwealth and is counted as the ninth largest employer in Delaware County, according to data from the state's Center for Workforce Information and Analysis.

“We’re proud to have called the commonwealth home for nearly three decades, and we are excited to continue to expand in Pennsylvania as we grow our workforce and presence in the United States,” SAP North America President Jennifer Morgan said in a statement. “Our partnership with the commonwealth and the governor’s office is a model for how the public sector and the business community can work together to drive innovation, grow the economy, and create 21st Century jobs in every community across our country. We look forward to continuing to grow and invest in the commonwealth and in many other communities across the United States.”

To read the full article, click here.


For more business news, visit Philadelphia Business Journal. 

Photo Credit: Ralph Orlowski]]>
<![CDATA[Montco Success Story Moving HQ Out of Philly Region]]>Tue, 10 Jan 2017 13:45:30 -0500http://media.nbcphiladelphia.com/images/213*120/Lucinda+Duncalfe+Monetate+copy.png

One of the region’s leading startups is moving its headquarters to New York City.

Monetate CEO Lucinda Duncalfe told the Business Journal in an interview Monday that the digital marketing and e-commerce personalization company is shifting its flagship office from Conshohocken to Manhattan to bring the company closer to its big-name brand clients and a greater talent pool – both key parts of a strategic shift in the eight-year-old company’s new direction.

“We really think it’s critical to be close to our clients, and they tend to be in the retail and fashion end of the marketing ecosystem,” said Duncalfe, who sat on the company’s board since its found in 2008 and was brought on as CEO in 2014 to led the company from its startup to growth stages.

Its Conshohocken office will remain open at its current staffing level.

The company crafts software for major brands including The North Face, National Geographic, QVC and Office Depot that allows them to personalize individual customer experiences online using machine learning and a one-to-one personalization platform.

That kind of technology allows a brand to notify customers about items that fits their needs, and can learn to present them in they way they prefer. A shopper who wants to see just a photo and a price as they shop get just that, while the customer who likes to see a full list of details front-and-center gets a different experience.

To read the full article, click here.


For more business news, visit Philadelphia Business Journal. 

Photo Credit: Philadelphia Business Journal]]>
<![CDATA[Big Plans for Shuttering Macy's at Montco Mall]]>Wed, 11 Jan 2017 06:56:39 -0500http://media.nbcphiladelphia.com/images/213*120/Macys+1.jpg

The owner of the Plymouth Meeting Mall is using the impending closure of the Macy's department store as an opportunity to "enhance the shopper experience" and further the suburban shopping center's reinvention as a lifestyle destination.

The Pennsylvania Real Estate Investment Trust CEO Joseph Coradino took a positive spin on t he shuttering Macy's, telling Philly.com the retail space's future tenant will continue the suburban "mall's transformation into a lifestyle destination" and referenced organic supermarket chain Whole Foods as an example.

Coradino explained to Philly.com that Whole Foods-like doesn't necessarily mean a supermarket with take out eateries will occupy the space.

“Rather, it would be like Whole Foods [in that it supports] the mall as a lifestyle destination."

To read the full article, click here.

For more business news, visit Philadelphia Business Journal. 

Photo Credit: Brian X. McCrone/NBC10]]>
<![CDATA[DuPont Plans $200M Upgrade for Del. Chemours Facility]]>Tue, 10 Jan 2017 12:16:13 -0500http://media.nbcphiladelphia.com/images/213*120/chemours+building+wilmington.PNG

DuPont is planning to spend $200 million to modernize and upgrade the Experimental Station, its 114-year-old research facility in Alapocas.

Media outlets report DuPont CEO Ed Breen announced Monday that renovations will add enhancements to the Experimental Station's lab space along with the construction of collaboration centers for DuPont customers and suppliers. Space will also be set aside for third-party science companies.

Breen says The Dow Chemical Co. will have workers at the research center after it completes a proposed $130 billion merger with DuPont.

The Experimental Station was built in 1903 and is the birthplace of DuPont products such as Nylon and Kevlar. About 2,000 workers are at the site.

Chemours will stay in Wilmington through an agreement with the Buccini/Pollin Group, which has bought the DuPont building that the chemical company occupies.

Media outlets report that under the agreement signed Monday, the Buccini/Pollin group will lease the building back to Chemours on a long-term basis. Chemours will get an upgraded world headquarters without having to relocate while Buccini/Pollin expands its portfolio of downtown Wilmington properties.

A purchase price has not been disclosed.

Chemours previously confirmed that the company was considering leaving Delaware and had scouted multiple locations in New Jersey and Pennsylvania. Delaware Director of Economic Development Bernice Whaley says keeping Chemours in downtown Wilmington is an economic win for the city and state. She said the loss of Chemours would have cost the state 3,409 jobs and $554 million in revenue.

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: Google Street View]]>
PHILADELPHIA BUSINESS JOURNAL]]><![CDATA[Temple Tops Online MBA Rankings ]]>Tue, 10 Jan 2017 12:01:09 -0500http://media.nbcphiladelphia.com/images/160*120/templeuniversity.jpg

Temple University again leads the U.S. News & World Report rankings of online programs.

The Fox School of Business' online MBA program topped its category for the third year in the row, coming in above heavyweights like Carnegie Mellon University and University of North Carolina at Chapel Hill. Temple's online bachelor’s degree program also rose from No. 6 to No. 2 on the 2017 rankings released Tuesday.

The North Philadelphia school came in well ahead other local universities in both categories. The next Greater Philadelphia school to land on bachelor’s degree list was Saint Joseph’s University, which tied with six other schools to come in at No. 92.

To read full article, click here.

For more business news, visit Philadelphia Business Journal

Photo Credit: Temple University]]>
<![CDATA[Comcast Threatens to Sue Philly Over Salary History Ban]]>Tue, 10 Jan 2017 14:32:39 -0500http://media.nbcphiladelphia.com/images/213*120/Comcast+Generic.PNG

Cable TV giant Comcast is threatening a costly legal battle if Philadelphia Mayor Jim Kenney doesn't veto a bill that would ban employers from asking job applicants for their salary history.

David Cohen, a senior vice president at Comcast, tells Philly.com that a memo sent to the city is supported by Greater Philadelphia Chamber of Commerce CEO Bob Wonderling, who objects to the bill's "hassle factor."

Councilman Bill Greenlee, the Democrat who sponsored the legislation, says the measure is about requiring employers to base salaries on what a job is worth and the applicant's experience.

But Cohen says the bill is burdensome and makes no sense. Comcast has a pay scale for technical and call center workers, but couldn't fairly craft a pay package for executives like Cohen without knowing what they made previously.

Comcast is the parent company of NBC10 and NBC Universal.

Copyright Associated Press / NBC 10 Philadelphia

<![CDATA[Holiday Sweets Recall]]>Tue, 10 Jan 2017 08:46:14 -0500http://media.nbcphiladelphia.com/images/213*120/holiday+sweets+recall.jpg

Hostess Brands and Palmer Candy Company have recalled holiday-themed sweets over concern the desserts may be contaminated with the harmful Salmonella bacteria.

Hostess Brands recalled its Holiday White Peppermint Hostess Twinkies in response to Blommer Chocolate Company’s recall of its confectionery coating, which contains milk powder ingredients recalled by Valley Milk Products. 

The milk powder ingredients recalled by Valley Milk Products were also in sweets distributed by Palmer Candy Company, which, like Hostess, issued a voluntary recall as a precaution.

Testing has shown no Salmonellain the milk confectionery coating supplied to Hostess and Palmer Candy. No illnesses have been reported.

All affected products were sold to grocery and convenience stores and other distributors nationwide.

A number of candy packages are in the Palmer Candy recall, including chocolate almond bark, Christmas tree pretzels, peanut brittle and holiday gift bowls. For more details about the recall, head to this FDA recall page.

The only Hostess product affected by the recall is the Holiday White Peppermint Hostess Twinkies. For further details about the recall, go to this FDA recall page.

Palmer Candy Company customer service can be reached at 712-258-5543.

Hostess Brands customer service can be reached at 1-800-483-7253.

Photo Credit: Handouts]]>
<![CDATA['Fare & Square' Supermarket Changing Lives in Community]]>Tue, 10 Jan 2017 07:07:50 -0500http://media.nbcphiladelphia.com/images/209*120/Fare+Square+Chester+Grocery+Generic+Grocery+Cart.JPGA grocery store is making a difference in Chester, Pennsylvania, which used to be considered a “food desert.” NBC10’s Matt DeLucia is at Fare and Square, which became the first supermarket in the city, with more on how it has changed lives in the community.

Photo Credit: NBC10]]>
<![CDATA[Keurig, AB InBev to Build At-Home Booze Maker]]>Tue, 10 Jan 2017 06:32:45 -0500http://media.nbcphiladelphia.com/images/213*120/Keurig+InBev.jpg

Keurig, the maker of single-cup coffee machines, says it is teaming up with beer giant Anheuser-Busch InBev to build an at-home booze maker.

The companies said Friday that they hope to create a product that could whip up beer, cocktails and spirits.

AB InBev, based in Belgium, makes Budweiser, Stella Artois and other beers.

Waterbury, Vermont-based Keurig Green Mountain tried to grow beyond coffee makers before, but its Keurig Kold at-home soda makers sold poorly and were discontinued in June after less than a year on the market. Keurig says it will use technology from the Kold machine to develop the alcohol maker with AB InBev.

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: Getty Images]]>
<![CDATA[Yahoo CEO to Resign After Verizon Takeover, Company Says]]>Tue, 10 Jan 2017 03:19:55 -0500http://media.nbcphiladelphia.com/images/213*120/YAHOO_AP_16254012507905.jpg

Yahoo Inc. announced Monday that CEO Marissa Mayer, one of the highest-profile women in the predominantly male tech world, will resign once the company's merger with Verizon Communications Inc. closes, NBC News reported.

When Verizon announced the $4.8 billion deal in July, Mayer said she intended to continue as CEO.

But in a brief filing Monday with the Securities and Exchange Commission, Yahoo said Mayer and company co-founder David Filo will leave once Verizon takes control of its operating business. Four other board members are leaving with Mayer and Filo, according to document.

However, the Verizon deal has been jeopardized by Yahoo's recent discovery of two separate hacking attacks that stole personal information from more than 1 billion user accounts.

Photo Credit: AP ]]>
<![CDATA[How Apple's iPhone Changed the World in Just 10 Years]]>Mon, 09 Jan 2017 19:18:12 -0500http://media.nbcphiladelphia.com/images/213*120/iphonefirst-jobs.jpg

Few people realized it at the time, but the world shifted fundamentally a decade ago when Steve Jobs pulled the first iPhone from Apple's bag of technological tricks.

"Every once in a while, a revolutionary product comes along that changes everything," Jobs declared as he paced across a San Francisco stage.

It obviously wasn't an empty boast. We all know now that Jobs' "magical product" has reshaped culture, shaken up industries, put computers in billions of pockets and made it possible to do just about anything with a few taps on a screen. Besides its then 3.5-inch touch screen, the first iPhone featured a browser for on-the-go web surfing and built-in apps to check email and get directions.


Apple has sold more than 1 billion iPhones since its debut, spawning millions of mobile applications and prodding other technology companies to make similar smartphones that have become like phantom limbs for many of us.

We use iPhones and their copycats to instantly share video and pictures with friends and family from almost anywhere. We use them to figure out where we are going. We use them to find the best deals while shopping in stores and to pay for stuff at the checkout stand. We use the phones to a hail ride, to tune instruments, to monitor our health and help find our next jobs.

Phones have gotten so smart that they even talk back to us via helpful digital concierges such as the iPhone's Siri and the recently introduced Assistant on Google's Pixel phone.

"IPhone is an essential part of our customers' lives, and today more than ever it is redefining the way we communicate, entertain, work and live," Apple's current CEO, Tim Cook, boasted in a retrospective that the Cupertino, California, company posted on its website.


The iPhone's revolutionary touch screen doomed the BlackBerry, another once-popular internet-connected phone. Mobile phones and their tablet cousins triggered a downturn in personal computer sales that is still unfolding.

An estimated 219 million desktop and laptop computers shipped worldwide last year, down from 264 million in 2007, according to the research firm Gartner Inc. Meanwhile, nearly 1.9 billion mobile phones shipped last year, up from 1.15 billion in 2007.

All told, Gartner estimates about 5 billion mobile phones are currently in use around the world compared to 1.3 billion PCs. 

The eroding popularity of PCs spurred shake-ups at powerful tech companies such as Microsoft, Intel, Hewlett-Packard and Dell, none of which adapted nimbly to the mobile world unleashed by the iPhone.

Then-Microsoft's CEO Steve Ballmer scoffed at Apple's glass-and-metal gadget, telling USA Today in April 2007 that "there's no chance that the iPhone is going to get any significant market share. No chance."

Microsoft wound up squandering the $7.6 billion that it spent to buy phone maker Nokia in a futile attempt to catch up to the iPhone. Ballmer stepped down as CEO three years ago and was replaced by Satya Nadella, who introduced versions of Microsoft's popular Office programs that worked on Apple's iPad — a tablet based on the iPhone.


The iPhone's success helped make Jobs a revered figure for many, and one whose October 2011 death was mourned around the world.

The device has established Apple as the world's most profitable company with earnings of $45.7 billion on sales of $216 billion during its latest fiscal year. (Prior to the iPhone's release, Apple posted an annual profit of $2 billion on sales of $19.3 billion.) Its stock-market value is hovering around $635 billion, thanks to a split-adjusted stock price that's risen by nearly a factor of 10 since the iPhone's debut.

Lately, though, the iPhone appears to be losing some steam. People are keeping older models for longer before upgrading or switching over to competing phones that run on Google's Android software.

Apple suffered its first-ever decline in iPhone sales in its last fiscal year, causing the company to miss its revenue projections and hitting Cook with a 15 percent pay cut .

Most smartphones now run on Android, partly because Google gives away the software. That has helped iPhone rivals woo price conscious consumers, especially outside the U.S., with phones that are much cheaper than the iPhone, whose latest models now cost more than $649 to $849.

In his statement, though, Cook promised the iPhone is "just getting started. The best is yet to come."

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: Apple, Getty Images]]>
PHILADELPHIA BUSINESS JOURNAL]]><![CDATA[Rittenhouse Dim Sum House to Open in Univ. City]]>Tue, 10 Jan 2017 06:52:53 -0500http://media.nbcphiladelphia.com/images/213*120/Dim+Sum+House.jpg

University City's culinary scene continues its ascent towards becoming a Center City rival.

Joining a corridor of restaurants that stretch along 40th Street near the edge of the University of Pennsylvania's campus, Dim Sum House by Jane G.'s opened at 3939 Chestnut St. last week. The opening - an official celebration will take place on Wednesday – could mark the start of more expansion by the mother-son duo, Jane Guo and Jackson Fu, who already operate a Rittenhouse Square restaurant.

"We want to create a mold for Dim Sum House to replicate across different cities with the same focus on style, decore, service and quality of food," said Fu, who did not name any specific geographic areas being targeted. "Stay tuned."

With the opening, Dim Sum House creates 20 full-time jobs and 20 part-time positions. Fu says there is potential for additional hires in the future.

To read full article, click here.

For more business news, visit Philadelphia Business Journal

Photo Credit: Dim Sum House By Jane G]]>
PHILADELPHIA BUSINESS JOURNAL]]><![CDATA[Wells Fargo Increases Minimum Wage Range]]>Tue, 10 Jan 2017 06:49:38 -0500http://media.nbcphiladelphia.com/images/213*120/AP_16260609890795-wells-fargo.jpg

Wells Fargo & Co announced it is lifting its minimum wage base range to $13.50 to $17 per hour for entry-level positions. That increase marks a 12% increase from March 2016 and a 19% increase from December 2013.

The San Francisco-based bank most recently paid entry-level employees $12 to $16 per hour.

Diana Rodriguez, a bank spokeswoman, said the bank aims to be an employer of choice and regularly reviews its pay rates and compensation.

“That is what drove making that decision,” Rodriguez said. “We will continue to understand what that pay raise looks like in that landscape. This is not a final destination. We will continue to make these assessments and make necessary adjustments over time.”

To read full article, click here


For more business news, visit Philadelphia Business Journal

Photo Credit: AP]]>
PHILADELPHIA BUSINESS JOURNAL]]><![CDATA[Bucks County Firm Sells Cold Remedy Brand]]>Mon, 09 Jan 2017 13:45:21 -0500http://media.nbcphiladelphia.com/images/213*120/Cold+Eeeze+Generic.jpg

ProPhase Labs Inc. has entered into an agreement to sell its Cold-Eeze cold remedy brand to a wholly owned subsidiary of Mylan N.V. for $50 million.

The Philadelphia Business Journals first reported the Doylestown company was exploring the potential sale of the product line in August.

Under the terms of the deal, Mylan will purchase substantially all of the company's assets and other rights relating to the brand. The Cold-Eeze brand began as zinc lozenges used to shorten the duration of cold, but the formulations were later expanded to include "Gummies," quick-melts and oral spray versions of the product.

To read full article, click here.


For more business news, visit Philadelphia Business Journal.

Photo Credit: John George/Philadelphia Business Journal]]>
<![CDATA[Alibaba CEO Talks Jobs With Trump]]>Mon, 09 Jan 2017 14:14:41 -0500http://media.nbcphiladelphia.com/images/213*120/trump-jack-ma.jpg

Jack Ma, the CEO of China-based tech giant Alibaba, met with President-elect Donald Trump in New York City Monday and vowed to focus on small businesses as the company plans its expansion to the U.S.

"Jack and I are going to do some great things," Trump said while standing next to Ma at Trump Tower.

The e-commerce company has said it plans to create 1 million U.S. jobs by helping businesses sell to China. Ma did not confirm a specific number of jobs to reporters after the meeting but said he planned to focus on agricultural products, CNBC reported.

The meeting comes amid tensions between China and the incoming Trump administration. "We also think that the China and USA relationship should be strengthened — should be more friendly," Ma said. "The door is open for discussing the relationship and trade issues. I think the president-elect is very smart, he's very open-minded to listen."

Photo Credit: AP]]>
PHILADELPHIA BUSINESS JOURNAL]]><![CDATA[Sixers Score Partnership With Dunkin Donuts]]>Mon, 09 Jan 2017 14:39:33 -0500http://media.nbcphiladelphia.com/images/213*120/ap-sixers-team-celebrate.jpg

The Philadelphia 76ers have added Dunkin Donuts to its rosters of corporate partners.

Financial terms of the three-year agreement are being kept confidential.

“This was perfect timing,” Jessica Weissman, Greater Philadelphia field marketing manager for Dunkin Donuts. “We had been in touch with the Sixers and we respect the organization. There’s so much excitement around the team right now. Our new on-the-go platform just became available, and we thought this would be a great way to tell people about it.”

Chad Biggs, the Sixers senior vice president for corporate development and activation, said the partnership calls for Dunkin Donuts to be the official coffee, donut and breakfast sandwich provider of the Sixers.

Fans will get their first look at the various elements of the partnership at the team’s home game on Jan. 11 against the New York Knicks. “I think what really makes this partnership unique is many different fan-engagement initiatives,” Biggs said.

To read the reasons why fans should be excited for this partnership, click here.

For more business news, visit Philadelphia Business Journal

Photo Credit: CSNPhilly.com]]>
<![CDATA[NBC10 Responds: Landscaping Billing Issue]]>Mon, 09 Jan 2017 11:56:19 -0500http://media.nbcphiladelphia.com/images/213*120/WCAU_000000018735117_1200x675_850662467612.jpgHarry Hairston and NBC10 Responds responds when a family reaches out over he cost of keeping their lawn and property looking nice.]]><![CDATA[GM CEO: Won't Change Production Plans Despite Trump Tweet]]>Mon, 09 Jan 2017 08:06:58 -0500http://media.nbcphiladelphia.com/images/213*120/AP4598228520.jpg

General Motors has no plans to change where it produces small cars because of criticism from President-elect Donald Trump, the company's top executive said Sunday night.

CEO Mary Barra said the auto business has long lead times for where it produces vehicles, with decisions made two to four years ahead.

Last week Trump threatened on Twitter to slap a border tax on GM for importing the compact Chevrolet Cruze to the U.S. from Mexico.

As it turns out, GM only imports a small number of Cruze hatchbacks from Mexico and Barra said it makes all of the sedans at a factory in Lordstown, Ohio, near Cleveland.

Asked if she was worried about a possible tariff, Barra said it was too early to speculate on that. GM's strategy, she said, has much more in common with Trump's goals for trade and jobs than differences. "I very much look forward to being part of the solution that allows the country to be strengthened along with business, along with our manufacturing capability," she said on the sidelines of an event unveiling the new GMC Terrain small SUV.

Production of the Terrain will move to Mexico from a plant in Ingersoll, Canada, for the new model year. The Ingersoll plan will still make the Equinox, GM's best-selling small SUV.

Barra is part of a group of CEOs that will advise Trump on economic issues.

The president-elect is badgering the auto industry in an effort to get companies to stop making cars in Mexico and shipping them back to the U.S. Trump wants more cars driven by Americans to be built by American workers. He also has publicly criticized Ford and Toyota. Last week Ford canceled plans to build a small-car factory south of the border, while announcing 700 new jobs in Michigan. The company, however, still plans to shift production of the compact Ford Focus to an existing Mexican plant.

Jobs at the Detroit-area factory that now makes the Focus will be preserved because the plant will get a new SUV and small pickup truck.

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: AP]]>
<![CDATA[Fiat Chrysler to Build 3 New Jeeps, Create 2,000 Jobs in US]]>Sun, 08 Jan 2017 19:22:21 -0500http://media.nbcphiladelphia.com/images/180*120/AP_16259720014718.jpg

Fiat Chrysler will add three new Jeeps to its lineup including a pickup truck as it invests $1 billion in two U.S. factories, furthering its effort to increase production of hot-selling SUVs and pickup trucks and get out of producing small and midsize cars. The expansion will create 2,000 new jobs. 

The Italian-American automaker said Sunday it will modernize a factory in the Detroit suburb of Warren, Michigan, to make the new Jeep Wagoneer and Grand Wagoneer large SUVs. A factory complex just south of there in Toledo, Ohio, also will get new equipment to make the new pickup. The company wouldn't provide details of the new products, but said the factory work would be done in 2020.

Consumers worldwide have gravitated toward SUVs and trucks while turning away from passenger cars. Last year in the U.S., car sales fell 7 percent while truck and SUV sales rose 8 percent.

Last year, FCA announced plans to stop production of the slow-selling Dodge Dart and Chrysler 200. Factories that make those products in Sterling Heights, Michigan, and Belvidere, Ill., will get new trucks and SUVs as FCA searches for an automaker that would build small cars under contract.

The factory upgrade in Warren also would allow the plant to make heavy-duty Ram pickups that now are produced in Saltillo, Mexico. But FCA would not say if it has plans to shift production to the north.

Producing vehicles in Mexico and shipping them to the U.S. has become a thorny political issue with the election of Donald Trump as president. Trump has criticized Ford, General Motors and Toyota for building small cars in Mexico and shipping them across the border. He has threatened to impose a big border tax on the companies.

The factory moves expand FCA's capacity to build vehicles in key segments "enabling us to meet growing demand here in the U.S., but more importantly to increase exports of our mid-size and larger vehicles to international markets," CEO Sergio Marchionne said in a statement. Marchionne added that those markets "have historically been denied product due to (factory) capacity constraints."

The new Jeep pickup, which could be a version of the Wrangler SUV, would be the company's first pickup since the mid-1990s.

The moves cap a series of factory changes that FCA announced starting in July, when the company said it would sink $1.5 billion into the Sterling Heights plant so it can be equipped to make Ram pickups. The 3,000-worker plant made the Chrysler 200 midsize car, but it closed as production ended last month.

The Warren plant will keep making Rams until Sterling Heights is updated, then it will close temporarily so it can be retooled to make the large SUVs. The company also said last summer that it would spend $1 billion to retool the Toledo factory for production of a new Jeep Wrangler. That plant's Jeep Cherokee will move to Belvidere, which stopped making the Dodge Dart compact car and Jeep Compass and Patriot small SUVs last year. 

FCA said the investments are subject to negotiations and approval of tax incentives by local and state governments. The company would not say how much would be invested in each plant or how many new jobs would go to each.

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: Paul Sancya/AP (File)]]>
<![CDATA[Waymo Self-Driving Minivan Will Start Test Drives This Month]]>Wed, 18 Jan 2017 10:29:40 -0500http://media.nbcphiladelphia.com/images/213*120/AP_16348710077996-waymo.jpg

Waymo, Google's self-driving car division, will start testing its new fleet of minivans on public roads in California and Arizona later this month.

The minivans, built in collaboration with Fiat Chrysler, are Chrysler Pacifica hybrids outfitted with Waymo's own suite of sensors and radar. Waymo and FCA announced their partnership in May.

In a speech at the Detroit auto show Sunday, CEO John Krafcik revealed that Waymo built the sensors, radar and software for the new minivans itself.

Krafcik said the company felt the system would work better if it was developed specifically for self-driving instead of using off-the-shelf parts.

"A single integrated system means that all the different parts of a self-driving car work together seamlessly," Krafcik said.

Waymo also was able to significantly lower the cost of the system, Krafcik said. The rooftop lidar — which uses lasers to give the car a three-dimensional picture of the world — cost $75,000 a few years ago. Waymo has brought that cost down by 90 percent and has developed its own short-range and long-range lidar, he said. Waymo's long-range lidar can see a football helmet two football fields away. 

Krafcik didn't say exactly how Waymo lowered the costs. But the announcement could concern suppliers like Velodyne, which makes lidar systems used by Ford Motor Co. and others, and Delphi Corp., which is developing its own autonomous driving system. 

Waymo has repeatedly said that it doesn't plan to build its own cars, but provide self-driving systems to established carmakers, car-sharing services or others. In addition to FCA, Honda Motor Co. recently announced that it's in talks with Waymo about using its technology in Honda vehicles. 

Krafcik said Waymo, which has been developing self-driving cars for eight years, expects to reach 3 million miles of test-driving this May.

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: Eric Risberg, AP]]>
<![CDATA[Longwood Gardens Hits Record Attendance]]>Fri, 06 Jan 2017 16:30:38 -0500http://media.nbcphiladelphia.com/images/213*120/longwood+gardens.PNG

Officials of Chester County's Longwood Gardens are on a high.

The 1,077-acre Longwoods Garden in Kennett Square, Pennsylvania, in 2015 hit its largest attendance figure with 1.3 million visitors, and its officials had lofty goals to exceed those figures in 2016.

Those lofty goals were met – even before the completion of the $90 million renovation of its Main Garden Fountain, which first went under construction in 2014.

The completion of the fountain and its relation to attendance should be noted because Longwood Gardens officials 13 years ago made attendance projections for 2016. They estimated 1.2 million visitors would come in 2016, and with the Main Fountain Garden opening, attendance might hit 1.3 million.

The attraction exceeded those 13-year-old projects in 2016, when visitation was at 1.35 million, a new attendance high for Longwood Gardens.

To read the full article, click here.

For more business news, visit Philadelphia Business Journal. 

Photo Credit: B. Krist for GPTMC]]>
<![CDATA[Nonprofit Backs Philly's Soda Tax Fight With $500K Grant]]>Fri, 06 Jan 2017 13:08:19 -0500http://media.nbcphiladelphia.com/images/213*120/sodatax_texas_PBJ.PNG

While soda drinkers across the city are feeling lighter in their wallets this week, the city of Philadelphia has more wiggle room in its $1.6 million financial allotment for its legal defense of the sweetened beverage tax.

The Laura and John Arnold Foundation exclusively told the Philadelphia Business Journal Wednesday that it gifted the city with $500,000 in early November to be put towards the legal defense of what has become known as the soda tax.

"We don’t think the citizens of Philadelphia should be forced to abandon an intervention... that could benefit their city because of litigation," said Kelli Rhee, executive vice president and chief strategy officer of the Houston-based Arnold Foundation.

The most recent figures from the Mayor's Office show the lawsuit has cost $828,000 through the end of November. The expense represents more than half the $1.6 million cap on the costs of litigation, according to current contracts. With the newly announced $500,000, the Arnold Foundation has bought the city some extra time in its legal battle against the deep-pocketed beverage industry.

While the Arnold Foundation's grant brings a slight sigh of relief, Kenney can't breathe easy just yet – since litigation over the soda tax does not appear to be ending any time soon.

To read the full article, click here.


For more business news, visit Philadelphia Business Journal. 

Photo Credit: Alison Burdo]]>
<![CDATA[PPA Hammered Over Lack of Uber, Lyft Rules]]>Fri, 06 Jan 2017 12:37:42 -0500http://media.nbcphiladelphia.com/images/213*120/PPA_UberLyft_PBJ.PNG

The Philadelphia Parking Authority came off tone deaf and hindered by legislative red tape following a Wednesday public hearing where members of the taxi and limousine industry doled out harsh criticism over its draft of regulation changes.

City Councilman at-Large Al Taubenberger challenged one driver’s suggested adjustments to the proposed taxi rule changes, telling him he should have brought his ideas to state legislators before the governor legalized transportation network companies (TNCs), or Uber and Lyft, in November.

“Did you go to Harrisburg?” Taubenberger asked Muhammad Chughtai.

Chugthai had mentioned a limit on the number of TNCs on the road, a metered fare system for TNCs, and background checks and PPA licensure for TNC drivers.

“They come to us with some of the finest points, yet when the overall game plan was being formulated, they weren’t there. Or they didn’t’ want to be there or they missed it,” Taubenerger said after the hearing concluded. “Something’s wrong.”

To read the full article, click here.


For more business news, visit Philadelphia Business Journal. 

Photo Credit: Philadelphia Business Journal]]>
<![CDATA[Five Eateries Coming to University City Apartment Building]]>Fri, 06 Jan 2017 11:49:05 -0500http://media.nbcphiladelphia.com/images/214*120/halal+guys+_+PBJ.PNG

A West Philadelphia apartment building is slated to get five eateries ranging from the locally famous Steve's Prince of Steaks to a Middle Eastern fast-food restaurant that just recently made a push into the market.

Halal Guys, which opened its first Pennsylvania location in King of Prussia last fall, is opening its third Philly area location with the announcement of the 39th and Chestnut streets spot in the ground floor of the Hamilton Court apartment building, Philly.com reported.

Along with Steve's and Halal Guys, the University City property – currently being renovated by Post Bros. – is also adding a Korean fried chicken restaurant called Bonchon, a Thai rolled ice cream shop, I-CE-NY, and a bubble tea store called Tea Do, Philly.com said.

To read the full article, click here.

For more business news, visit Philadelphia Business Journal. 

Photo Credit: The Halal Guys]]>
<![CDATA[Toyota Stocks Dip After Trump Tweet on Planned Mexico Plant ]]>Thu, 05 Jan 2017 23:20:48 -0500http://media.nbcphiladelphia.com/images/213*120/Toyota-llama-a-revision-mas-de-5-millones-de-autos-bolsas-de-aire-takata.jpg

Toyota Motor Corp. stock fell 2 percent in early Friday morning trading after President-elect Donald Trump said on Twitter that the Japanese automaker faces a "big border tax" if it goes ahead with plans on a new Mexico plant.

Toyota in Japan had no further comments beyond what it released in the U.S., which did not directly address Trump's tweet but stressed that Toyota has been in the U.S. for six decades and that the Mexico plant will not affect jobs or production in the U.S.

Toyota President Akio Toyoda made similar comments at a New Year's gathering for auto businesses at a Tokyo hotel, saying the company wants to be a "good corporate citizen" and make "America strong."

Sentiments have been upbeat in the Japanese auto industry lately because of the weak yen and the Tokyo benchmark's rise following the U.S. election.

Honda President Takahiro Hachigo, who was also at the reception, told reporters there were no planned production changes in Mexico.

Overnight, Trump's tweet criticized Toyota's plans to build the popular Corolla subcompact at a planned Mexico plant, tweeting: "NO WAY! Build plant in U.S. or pay big border tax."

Toyoda was asked about the Trump administration Thursday, ahead of the tweet.

"I would like to make it an opportunity for us," Toyoda said in answer to a reporter's question. "I don't know yet exactly how, but, regardless of who becomes president, our business is about being good corporate citizens. And by becoming good corporate citizens, we are facing the same goal of making America strong. And so we will continue to do our best."

When asked if he had any plans to meet with Trump, as did Softbank Corp. Chief Masayoshi Son, to try to gain Trump's understanding, he pointed to the crowd at the reception.

"I am not in such a position," said Toyoda. "The auto industry is widespread, being supported by many people, including suppliers, materials-makers and after-service businesses. It is important we all be together in whatever we do."

Trump's tweet on Toyota echoed those targeted at Ford Motor Co. and General Motors Co. Nearly all automakers build small cars in Mexico to take advantage of lower wages.

Toyota said it has invested over $21.9 billion in its U.S. operations, including 10 manufacturing facilities, 1,500 dealerships and 136,000 employees. It said it has made considerable expansions in the U.S., creating American jobs, and had produced 25 million vehicles in the U.S. over the last 30 years.

"Toyota looks forward to collaborating with the Trump administration to serve in the best interests of consumers and the automotive industry," the company said in a statement.

On Tuesday, Ford announced it had scrapped plans to build a new $1.6 billion small-car factory in San Luis Potosi, Mexico.

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: Getty Images
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<![CDATA[Ex-NJ Gov. to Pay $5M Penalty to Resolve MF Global Case]]>Thu, 05 Jan 2017 15:00:35 -0500http://media.nbcphiladelphia.com/images/213*120/jon-corzine.jpg

Jon Corzine, the former New Jersey governor who led the collapsed brokerage MF Global, has been ordered to pay a $5 million penalty for his role in the firm's alleged illegal use of almost $1 billion in customer funds.

A federal court in Manhattan on Thursday granted the order against Corzine to the U.S. Commodity Futures Trading Commission, which brought civil charges against him in 2013. Following the stunning collapse of the big Wall Street firm in late 2011, the CFTC alleged that MF Global misused customer funds in a vain attempt to remain solvent. Corzine failed to closely supervise the handling of customer money by the firm's employees, according to the order.

Corzine, who was the CEO of Wall Street powerhouse Goldman Sachs before entering politics in 2000, was banned by the court order from serving as an official or employee of any commodities trading firm. He also was banned from trading most commodities and other investments regulated by the CFTC, with some limited exceptions.

A related order issued by U.S. District Judge Victor Marrero imposed a $500,000 penalty on Edith O'Brien, an assistant treasurer at the firm who had the authority to approve transfers of customer money. She was said to have aided and abetted MF Global's alleged violations. O'Brien was banned from working at a commodities trading firm or trading commodities for 18 months.

The court action brought the resolution of a five-year legal drama for Corzine, enabling him to avoid a trial that had been set to begin in October. He had denied wrongdoing from the outset and insisted he didn't order anyone at MF Global to divert customer funds.

Corzine said he was pleased that the matter was resolved. "I have accepted responsibility for (MF Global's) failure, and I deeply regret the impact it had on customers, employees, shareholders and others," he said in a statement. "I remain gratified that several years ago all customer money was recovered and returned to MF Global customers."

New York-based MF Global imploded after a disastrous $6.3 billion bet on European countries' debt. The firm filed for bankruptcy protection on Oct. 31, 2011. The $41 billion bankruptcy was the eighth-largest in U.S. history at the time and one of Wall Street's biggest. About $1.2 billion in customer money was discovered to be missing.

The regulators had said that MF Global moved the money out of client accounts within days as the firm's cash dried up. The misuse of customer funds was on a scale never seen before, CFTC officials said. Corzine failed to fix MF Global's deficient controls and to prevent the firm from dipping into customer money, they said.

It was the first time in the 150-year history of the U.S. futures markets that customer funds disappeared in the failure of a commodities brokerage, according to lawmakers.

Much of the missing money belonged to farmers, ranchers and other business owners who bought and sold financial contracts with MF Global to reduce their risks from the fluctuating prices of corn, wheat and other commodities.

Amid the billowing scandal, Corzine stepped down as MF Global chief on Nov. 4, 2011.

Under Corzine's leadership, the firm bet $6.3 billion on debt issued by Italy, Spain and other European nations with troubled economies. The bonds plummeted in value in the weeks before MF Global's failure as fears intensified that some European countries might default.

Corzine, 70, was a prominent Democratic politician and a major fundraiser for Democrats. He stepped from Wall Street into politics in 2000, dipping into his personal fortune to fund a hugely expensive and successful bid for the U.S. Senate from New Jersey. He later became governor of the state. Corzine took the top job at MF Global in March 2010 after losing a bid for a second term as governor to Republican Chris Christie. His plan was to remake MF Global from a modest brokerage firm into a major Wall Street player.

For months, the regulators investigated whether the missing customer money was improperly used to cover MF Global's short-term needs when its trading partners lost confidence in the firm and demanded the cash owed them.

The Justice Department conducted a criminal investigation of MF Global; no criminal charges have been brought.

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: Getty Images]]>
<![CDATA[Sears to Sell Craftsman Tool Brand]]>Thu, 05 Jan 2017 13:01:02 -0500http://media.nbcphiladelphia.com/images/213*120/78149028-craftsman-tools-generic.jpg

After controlling the Craftsman name for 90 years, troubled department store operator Sears said it will sell the famous tool brand to Stanley Black & Decker Inc.

Stanley, which makes and sells tools under the DeWalt and Black & Decker names, wants to grow the Craftsman brand by selling its products in more stores outside of Sears. Today, only 10 percent of Craftsman products are sold in other stores. Sears said it will continue to sell Craftsman, including at its Kmart and Sears Hometown stores. The Hoffman Estates, Illinois-based company first took control of Craftsman in 1927 when it bought the trademark for $500.

Sears has struggled, losing money for years as its revenue fell. The company also announced plans Thursday to close 150 stores, about 10 percent of its total 1,500 locations. And last week, the company said it received a credit facility for up to $500 million to provide it with cash as it sells assets.

Shares of Sears Holdings Corp., which are down 45 percent in the last 12 months, rose 6 percent to $10.94 in midday trading Thursday.

Stanley will pay Sears about $900 million for Craftsman, which includes $525 million when the deal closes this year, $250 million after three years and a percentage of sales for 15 years. After 15 years, Sears will start paying Stanley 3 percent of the Craftsman sales it makes. Shares of Stanley, based in New Britain, Connecticut, rose 1.4 percent to $117.90.

Stanley said it plans to hire more workers and open a new U.S. plant to make more Craftsman products, but didn't provide details.

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: Getty Images, File]]>
<![CDATA[Billionaire Says He Would Sell Shuttered Taj Casino to Mayor]]>Thu, 05 Jan 2017 09:11:36 -0500http://media.nbcphiladelphia.com/images/213*120/foto+taj+mahal+trump.jpg

Atlantic City's mayor is calling on billionaire investor Carl Icahn to sell the shuttered Trump Taj Mahal casino, saying his struggling city can't afford to let such a big piece of its Boardwalk lie vacant indefinitely.

Republican Don Guardian said Wednesday that allowing the casino to stay vacant is "the worst of the worst" in terms of outcomes for the property, which Icahn closed Oct. 10 after a bruising strike by the city's main casino workers' union.

Icahn replied he'd be happy to sell the casino to the mayor — if he ponied up the $300 million Icahn says he has lost on it.

Guardian made the comments after his unofficial State of the City speech, in which he listed the numerous challenges facing his city, including a state takeover and hundreds of millions of dollars in debt. Asked for his response to Icahn's handling of the Taj Mahal, Guardian replied, "Sell it, make a profit and move on."

Icahn said the mayor is wrong in attacking someone who rescued the struggling city's Tropicana casino and tried to do the same with the Taj Mahal.

"Telling us we should sell the Taj and make a profit is easier said than done," Icahn said. "We've lost almost $300 million on that investment. If he's a buyer at that price, I'd be a happy seller."

He wondered where the mayor was last summer when the strike forced him to shut the casino's doors.

"Some help back then would have been nice," he said.

Before the strike by Local 54 of the Unite-HERE union, which began on July 1 and ended the day the casino closed in October, Icahn had promised to pump $100 million into the aging casino to reinvigorate it and help it better compete against newer, more luxurious casinos. The investment was never made.

"He doesn't have any faith in the city, I get it," Guardian said. "But don't let us lose that building on the Boardwalk. We need that activity and those jobs."

The strike sought the restoration of health insurance and pension benefits that were terminated in bankruptcy court. Nearly 3,000 workers lost their jobs when the Taj Mahal closed.

Republican President-elect Donald Trump opened the casino in 1990 but lost control of it in a casino bankruptcy. Icahn acquired it from bankruptcy court after Trump, a New York real estate mogul, had cut most ties with Atlantic City.

Guardian also said he might support a Democrat for governor this fall if his own party nominates someone who favors continuing a state takeover of Atlantic City that Republican Gov. Chris Christie's administration launched in November.

Guardian also used the speech to reveal:

  • That he rigorously inspects the cleanliness of public restrooms on the Boardwalk during his morning bicycle ride: "I can wipe my finger on a urinal and find out if it's been steam cleaned."
  • That he and his husband, Louis, imagined jobs other than mayor that would be fun to hold, considering police officer and firefighter before settling on an alternative: "I could have been a pastor, because all I do is beg, because I don't have the money."
  • That he looks at the massive tax refund debt the city owes to the Borgata through an unusual lens: "It's like your frat buddy lends you $20 and you don't pay it back and it gets awkward and you don't hang out with him as much. It's like that with me and (Borgata president Tom Ballance), only I owe him $150 million."

Copyright Associated Press / NBC 10 Philadelphia

<![CDATA[Philly Business Owners React to Soda Tax]]>Thu, 05 Jan 2017 08:06:29 -0500http://media.nbcphiladelphia.com/images/213*120/WCAU_000000018679281_1200x675_847980099798.jpgPhiladelphia's soda tax is now in effect. NBC10's Brandon Hudson has reactions from local business owners. ]]><![CDATA[Macy's to Close 65 Stores in 2017, Cut 10K Jobs]]>Thu, 05 Jan 2017 10:23:49 -0500http://media.nbcphiladelphia.com/images/197*120/GettyImages-2025683.jpg

Macy's announced Wednesday it is shutting down 65 stores in 2017 and eliminating an estimated 10,000 jobs as it battles slowing sales and growing online competition.

The closures are part of a previously planned shutdown of about 100 stores, out of its 730, that the company announced in August 2016. Macy’s already shuttered three stores in the middle of 2016. On Wednesday, Macy’s said it will close 63 more locations in early spring 2017 and another two mid-year, part of 68 total store closures announced on Wednesday

The company says about 3,900 employees will be affected by the closures. It also will eliminate about 6,200 other positions as part of an effort to streamline operations and reduce expenses so it can invest more in its digital operations.

“As we’ve noted, it is essential that we maintain a healthy portfolio of the right stores in the right places. Our plan to close approximately 100 stores over the next few years is an important part of our strategy to help us right-size our physical footprint as we expand our digital reach,” the company said in statement.

Macy’s shares fell more more than 9 percent Wednesday after it posted disappointing holiday sales and announced which stores will be closing, CNBC reported.

Final clearance sales at Macy’s stores closing in early 2017 will begin on Monday, January 9, and run for approximately eight to 12 weeks.

Here's a list of the closures:

Greenwood, Bowling Green, KY (124,000 square feet; opened in 1980; 63 associates);
Carolina Place, Pineville, NC (151,000 square feet; opened in 1993; 69 associates)
Douglaston, Douglaston, NY (158,000 square feet; opened in 1981; 144 associates)
Downtown Portland, Portland, OR (246,000 square feet; opened in 2007; 85 associates)
*Lancaster Mall, Salem, OR (67,000 square feet; opened in 1980; 53 associates)
Oakwood Mall, Eau Claire, WI (104,000 square feet; opened in 1991; 55 associates)
Mission Valley Apparel, San Diego, CA (385,000 square feet; opened in 1961; 140 associates)
Paseo Nuevo, Santa Barbara, CA (141,000 square feet; opened in 1990; 77 associates)
Lakeland Square, Lakeland, FL (101,000 square feet; opened in 1995; 68 associates)
Oviedo Marketplace, Oviedo, FL (195,000 square feet; opened in 2000; 83 associates)
Sarasota Square, Sarasota, FL (143,000 square feet; opened in 1977; 86 associates)
University Square, Tampa, FL (140,000 square feet; opened in 1974; 73 associates);
CityPlace, West Palm Beach, FL (108,000 square feet; opened in 2000; 72 associates)
Georgia Square, Athens, GA (121,000 square feet; opened in 1981; 69 associates)
Nampa Gateway Center, Nampa, ID (104,000, square feet; opened in 2009; 57 associates)
Alton Square, Alton, IL (180,000 square feet; opened in 1978; 54 associates)
Stratford Square, Bloomingdale, IL (149,000 square feet; opened in 1981; 87 associates)
Eastland, Bloomington, IL (154,000 square feet; opened in 1999; 55 associates)
Jefferson, Louisville, KY (157,000 square feet; opened in 1979; 52 associates)
Esplanade, Kenner, LA (188,000 square feet; opened in 2008; 101 associates)
Bangor, Bangor, ME (143,000 square feet; opened in 1998; 65 associates)
Westgate, Brockton, MA (144,000 square feet; opened in 2003; 79 associates)
Silver City Galleria, Taunton, MA (152,000 square feet; opened in 1992; 82 associates)
Lakeview Square Mall, Battle Creek, MI (102,000 square feet: opened 1983; 51 associates)
Eastland Center, Harper Woods, MI (433,000 square feet; opened in 1957; 121 associates)
Lansing, Lansing, MI (103,000 square feet; opened in 1979; 57 associates)
Westland, Westland, MI (334,000 square feet; opened in 1965; 106 associates)
Minneapolis Downtown, Minneapolis, MN (1,276,000 square feet; opened in 1902; 280 associates)
Northgate, Durham, NC (187,000 square feet; opened in 1994; 72 associates);
Columbia, Grand Forks, ND (99,000 square feet; opened in 1978; 53 associates)
Moorestown, Moorestown, NJ (200,000 square feet; opened in 1999; 107 associates)
Voorhees Town Center, Voorhees, NJ (224,000 square feet; opened in 1970; 77 associates)
Preakness, Wayne, NJ (81,000 square feet; opened in 1963; 72 associates);
Cottonwood, Albuquerque, NM (173,000 square feet; opened in 1996; 56 associates)
Las Vegas Boulevard, Las Vegas, NV (178,000 square feet; opened in 1966; 84 associates)
Great Northern, Clay, NY (88,000 square feet; opened in 1989; 55 associates)
Oakdale Mall, Johnson City, NY (140,000 square feet; opened in 2000; 58 associates)
The Marketplace, Rochester, NY (149,000 square feet; opened in 1982; 77 associates)
Eastland, Columbus, OH (121,000 square feet; opened in 2006; 73 associates)
Sandusky, Sandusky, OH (133,000 square feet; opened in 1979; 61 associates)
Fort Steuben, Steubenville, OH (132,000 square feet; opened in 1974; 59 associates)
Promenade, Tulsa, OK (180,000 square feet; opened in 1996; 58 associates)
Neshaminy, Bensalem, PA (211,000 square feet; opened in 1968; 89 associates)
Shenango Valley, Hermitage, PA (106,000 square feet; opened in 1976; 69 associates)
Beaver Valley, Monaca, PA (203,000 square feet; opened in 1987; 78 associates)
Lycoming, Muncy, PA (120,000 square feet; opened in 1995; 61 associates)
Plymouth Meeting, Plymouth Meeting, PA (214,000 square feet; opened in 1966; 74 associates);
Washington Crown Center, Washington, PA (148,000 square feet; opened in 1999; 67 associates)
Parkdale, Beaumont, TX (171,000 square feet; opened in 2002; 67 associates)
Southwest Center, Dallas, TX (148,000 square feet; opened in 1975; 68 associates)
Sunland Park, El Paso, TX (105,000 square feet; opened in 2004; 71 associates)
Greenspoint, Houston, TX (314,000 square feet; opened in 1976; 70 associates)
West Oaks Mall, Houston, TX (244,000 square feet; opened in 1982; 135 associates)
Pasadena Town Square, Pasadena, TX (209,000 square feet; opened in 1962; 78 associates)
Collin Creek, Plano, TX (199,000 square feet; opened in 1980; 103 associates)
Broadway Square, Tyler, TX (100,000 square feet; opened in 1981; 65 associates)
Layton Hills, Layton, UT (162,000 square feet; opened in 1980; 72 associates)
Cottonwood, Salt Lake City, UT (200,000 square feet; opened in 1962; 88 associates)
Landmark, Alexandria, VA (201,000 square feet; opened in 1965; 119 associates)
River Ridge, Lynchburg, VA (144,000 square feet; opened in 1980; 60 associates)
Everett, Everett, WA (133,000 square feet; opened in 1977; 109 associates)
Three Rivers, Kelso, WA (51,000 square feet; opened in 1987; 57 associates)
Valley View, La Crosse, WI (101,000 square feet; opened in 1980; 57 associates)
Simi Valley Town Center (men’s/home/kids), Simi Valley, CA (190,000 square feet; opened in 2006; 105 associates)
Mall at Tuttle Crossing (furniture/home/kids/men's), Dublin, OH (227,000 square feet; opened in 2003; 52 associates)

<![CDATA[Sneaker Makers Stake Claim in Boston]]>Tue, 03 Jan 2017 15:42:47 -0500http://media.nbcphiladelphia.com/images/213*120/boston-shoes.jpg

Shoe makers are racing to the Boston area as they compete for millennial talent. 

Reebok picked the city's rapidly growing Seaport District for its new global headquarters in December, following in the footsteps of New Balance and Converse, both of which opened splashy new headquarters in 2015 that helped redefine the city skyline. 

Just outside the city limits, Wolverine World Wide Inc. — the Rockford, Michigan-based owners of Saucony, Keds, Sperry and other brands — opened a regional campus in Waltham for 370 workers this summer after moving it south from Lexington, Massachusetts. 

And the Rockport Co., purveyor of casual and dress shoes, is slated to christen a new headquarters for 212 employees in the affluent Boston suburb of Newton later in January. The company was sold in 2015 by Adidas AG, the German sportswear giant that still owns Reebok International Ltd., to a standalone company formed by New Balance Holdings Inc. and a private equity firm. 

The new locales recognize that younger, more skilled workers prefer to be closer to the amenities cities and their neighboring communities provide, such as better transit, more restaurants and greater cultural options, over more distant suburbs, industry watchers say. 

"These companies cluster because they're primarily looking for talent. You want to be where the people are," said Matthew Powell, a sports industry analyst for the NPD Group, a New York-based market research firm. "They're also trying to stay close to their consumer. Millennials are clustering in large cities, so it's a great way to be plugged into where your consumer is." 

The moves also affirm New England — historically the nation's footwear-making region — remains a viable center of the industry, said Nate Herman, a senior vice president at the American Apparel & Footwear Association trade group. 

Most shoe companies have long since moved manufacturing overseas or other parts of the country where labor is cheaper, but New England and the Boston area in particular still have the largest concentration of workers versed in design, sourcing, marketing and other aspects of the industry, he said. 

The concentration of shoe companies in Boston could help spur new innovations in the industry, said Lauren Beitelspacher, a marketing professor at Babson College in Wellesley. 

"I think you'll start to see this evolution of more refined footwear. You'll see a resurgence in the artistry, design and development from this merging of fashion, innovation and design," she said. "The talent is here to create a really unique ecosystem." 

Officials with Converse Inc. say the decision to relocate its 500 workers from Andover, Massachusetts, near the New Hampshire border, was a "natural choice," given the company's heritage — founded just outside Boston in 1908 — and the city's "rich culture." 

The company, owned by Oregon-based sportswear giant Nike Inc., now occupies a prime spot overlooking the Charles River and TD Garden, its massive corporate logo greeting drivers entering the city from points north. 

New Balance spokeswoman Amy Dow said the 110-year-old company's sleek new global headquarters — which opened next to its decades-long home in the city's Brighton neighborhood and houses roughly 600 workers — reflects a "relentless dedication" to become one of the top athletic brands. 

The cruise-liner-looking headquarters, which towers over the Massachusetts Turnpike as drivers approach Boston from points west, is part of an ambitious development that includes practice facilities for the NHL's Bruins and the NBA's Celtics, a hotel, residences, a commuter rail station, and a track and field complex. 

Reebok, which is moving from Canton, about 20 miles south of downtown Boston, promises its planned new global headquarters will be equally game-changing. 

Company president Matthew O'Toole has said the office — located in a dockside warehouse already home to a range of design and creative firms — will be the "fittest, healthiest workplace in the country," thanks to a planned two-story gym, mile-long running track and other amenities for employees and the public. 

The company, however, is downsizing as it moves. Reebok will bring about 700 workers to Boston, shedding roughly 300 employees, some of whom will be offered positions at other Adidas locations, including its North American headquarters in Portland, Oregon.

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: AP]]>
<![CDATA[South Philadelphia Bank Closes Acquisition of Montco Peer]]>Tue, 03 Jan 2017 15:23:31 -0500http://media.nbcphiladelphia.com/images/213*120/savingsbank_southPhilly.PNG

Prudential Bancorp has closed its acquisition of Huntingdon Valley’s Polonia Bancorp for $37 million, effective Jan. 1.

Under terms of the stock and cash deal, South Philadelphia-based Prudential acquired 100 percent of the outstanding shares of Polonia in exchange for a mixture of cash and common shares of Prudential. Polonia shareholders will receive $11.28 per each share. That price exceeds the bank’s $10.41 stock price when the deal was announced in June and its most recent closing price of $11.10.

Prudential will now have $838.9 million in assets, $508.8 million in loans and $563.7 million in deposits with 11 branches in Philadelphia, Delaware and Montgomery counties. The systems integration process is expected to be completed in mid-February.

Prudential has said it expects the deal to be “significantly accretive” to the combined company’s earnings per share in 2017 and thereafter. It also said it expects to realize over 50 percent cost savings on operations, which could mean significant cuts in personnel, vendors and real estate — though the bank has not yet indicated that it would be shuttering locations.

To read the full article, click here.

For more business news, visit Philadelphia Business Journal. 

Photo Credit: Philadelphia Business Journal]]>
<![CDATA[State Takeover of Atlantic City Could Mean Police Layoffs]]>Tue, 03 Jan 2017 15:08:14 -0500http://media.nbcphiladelphia.com/images/213*120/Atlantic+city+generic+PBJ.PNG

Signs of New Jersey's recent takeover of Atlantic City have yet to show, but a new report indicates the police department could be the first casualty of the state intervening in the Shore resort's finances.

An email sent to members of the Atlantic City Police Department from union President Matt Rogers indicating the state is looking to cut 250 jobs, and demanded a new salary cap and an increase in shift length , according to a Press of Atlantic City report.

Likely disappointed by the news, the police force is probably not surprised.

Among the state’s demands are a pay cut across the board, a 15-step salary guide with pay capped at $90,000, increased health-care contributions from members and asking officers to work 12-hour shifts, according to Rogers.

To read the full article, click here.

For more business news, visit Philadelphia Business Journal. 

Photo Credit: Alison Burdo]]>
<![CDATA[Ford Cancels Mexico Plant, Will Reinvest in Michigan]]>Tue, 03 Jan 2017 12:27:01 -0500http://media.nbcphiladelphia.com/images/213*120/FORD+THUMB.jpgFord announced the cancellation of a new $1.6 billion plant in Mexico and will instead reinvest in Michigan.

Photo Credit: Stock Footage]]>
<![CDATA[McDonald's Opens in Vatican-Owned Building]]>Mon, 02 Jan 2017 12:22:04 -0500http://media.nbcphiladelphia.com/images/213*120/vatican1.jpg

A new McDonald's has opened up in a Vatican-owned building and not everyone is lovin' it.

The McDonald's opened Friday in the Pio Borgo district of Rome, about 100 yards from the Vatican State, the Catholic Press Agency reported Sunday.

While the opening was low-key, the move faced criticism when it was first announced. The "McVatican," as has it has been dubbed, will reportedly pay the the Vatican's property supervisor more than $30,000 a month to occupy the building's bottom floor.

Several senior cardinals also live in the building.

This story uses functionality that may not work in our app. Click here to open the story in your web browser.]]>
<![CDATA['30 Under 30' Class Includes 12 Philadelphia Entrepreneurs]]>Wed, 04 Jan 2017 06:15:40 -0500http://media.nbcphiladelphia.com/images/213*120/chrisgray-750xx953-535-7-0.jpg

A dozen young Philadelphians are among some of the most crucial change-makers and innovators in the nation, joining the likes of Olympian Simone Biles and reality TV star Kylie Jenner on the Forbes 2017 30 under 30 Class that was announced Tuesday morning.

Forbes received more than 15,000 nominations for the 600 available spots, 30 honorees for 20 distinct categories ranging from art & style to manufacturing & industry and food & drink to venture capital.

One of the locals to make the cut, Christopher Gray has become a familiar name in the city's ballooning tech industry. The founder of scholarship curation app, Scholly, the Drexel University alum had a breakout year in 2015 following an appearance on ABC's Shark Tank, where the potential investors battled over his startup.

Gray appeared on the Forbes 30 under 30 list last year too, along with two others from our area, the team behind Sweet Bites, in the social entrepreneurs category.

To view the full gallery, click here.


For more business news, visit Philadelphia Business Journal. 

Photo Credit: Philadelphia Business Journal]]>
<![CDATA[NBC10 Responds: Lawn Mower Fire]]>Mon, 02 Jan 2017 12:24:46 -0500http://media.nbcphiladelphia.com/images/196*120/Club+Cadet+Riding+Mower+Lawn+Mower+Fire.JPGKathy McCarty reached out to NBC10 Responds and Harry Hairston after she says her riding mower caught fire shortly after her husband finished mowing the lawn.

Photo Credit: NBC10]]>
<![CDATA[Some Philly Supermarkets Already Charging for Soda Tax]]>Sun, 01 Jan 2017 09:59:22 -0500http://media.nbcphiladelphia.com/images/213*120/SodaGroceryTaxPhoto.jpg

Some Philadelphia residents are already experiencing sticker shock from the soon-to-be enacted soda tax.

ACME Supermarkets began tacking on the 1.5 cents per ounce increase on sugary beverages like soda, energy drinks and sweetened teas two days before the tariff is set to take effect.

A 2-liter bottle of Coca-Cola that cost $1.49 at the supermarket's Bala Cynwyd, Pennsylvania location is 57-cents more expensive at the Roxborough store inside city limits.

The reason for the early change? Advertising.

ACME spokeswoman Danielle D'Elia said the chain's weekly ads run Friday through Thursday and that they couldn't later charge more for an advertised lower price.

"In the spirit of price integrity, we had an obligation to tell our customers what the accurate price will be for those impacted items from Jan. 1 forward," D'Elia said in an email to NBC10.

Of course, retailers have no obligation at all to pass the new cost on to their customers.

NBC10 has reached out to other supermarket chains operating in the city to see if they are charging customers for the tax early. We have yet to hear back.

A contentious battle has been waged over the tax, which is one of the first in the nation. The beverage lobby undertook an expensive advertising campaign to try and defeat the tax. When the tax was approved, they then sued the city. That lawsuit was dismissed earlier this month.

City officials expect the tax to generate $90 million in new revenue. The funds are earmarked to help fund Mayor Jim Kenney's ambitious universal Pre-K program along with capital improvements at city recreation centers.

A poll conducted this summer by the Pew Research Center found a majority of city residents -- 54 percent of those surveyed -- support the tax, but it seems not everyone was ready to pony up the extra dough.

Terese Eibell Lewis said three 12 packs of soda cost her nearly $20 at the Rhawnhurst ACME along the 8200 block of Roosevelt Boulevard on Friday.

"When I pointed out to a worker that the tax did not take effect until Jan. 1, I was told they did it to take advantage of the New Year Eve's rush," she said, adding it was "outrageous."

<![CDATA[Pa. City Targets Satellite Dish Blight]]>Fri, 30 Dec 2016 12:15:08 -0500http://media.nbcphiladelphia.com/images/213*120/dish-satellite.jpg

A Pennsylvania city is trying to fight dish blight.

Easton's City Council passed an resolution requiring the removal of satellite TV dishes 30 days after the service is disconnected.

The Express-Times of Easton reports that Councilman David O'Connell sponsored Wednesday night's measure because the leftover dishes don't look good and could create a safety problem.

O'Connell says renters leave them behind when they go and new tenants don't remove them. O'Connell says he thinks it'll be hard to enforce, but he'll talk to the city's chief code administrator for ways to enforce it.

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: AP]]>
<![CDATA[Run-DMC Sues Wal-Mart, Amazon]]>Fri, 30 Dec 2016 07:04:19 -0500http://media.nbcphiladelphia.com/images/219*120/rund3.jpg

The rap group Run-DMC filed a $50 million lawsuit in New York accusing Wal-Mart, Amazon, Jet and other retailers of selling products that traded on the group's name without permission.

A founder of the group and owner of the Run-DMC brand, Darryl "DMC" McDaniels, was listed as the plaintiff in the lawsuit, which was filed Thursday in the Southern District of New York.

The complaint said the defendants are "advertising, selling, manufacturing, promoting and distributing multiple products" in the group's trademarked name. The products include glasses, hats, t-shirts, patches, wallets and other items.

The lawsuit alleged that the retailers have improperly profited, diluted and harmed the Run-DMC brand, which it said has generated more than $100 million in revenue since its inception in the 1980s.

Run-DMC was founded in New York in 1981 by McDaniels, Joseph "Run" Simmons, Darryl "DMC" and Jason "Jam Master Jay" Mizell, who was fatally shot in his Queens recording studio in 2002. McDaniels and Simmons later announced that the group was officially disbanding.

The group's hits include "King of Rock, "It's Tricky," and "Can You Rock It Like This."

In 2009, Run-DMC was inducted into the Rock and Roll Hall of Fame, becoming only the second rap act to be awarded that honor.

Amazon and Wal-Mart, which also owns Jet, did not immediately respond to a request for comment.

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: Frank Micelotta, Getty Images (File)]]>
<![CDATA[NBC10 @Issue: Curing Holiday Debt Hangover]]>Tue, 03 Jan 2017 14:39:12 -0500http://media.nbcphiladelphia.com/images/213*120/GettyImages-160672063-dollars-stock.jpgNBC10’s Tracy Davidson gets expert tips from Patricia Hasson, president & executive director of Clarifi, on how to knock down debt that might have piled up over the holidays.

Photo Credit: Bloomberg via Getty Images]]>
<![CDATA[NYC's Iconic Carnegie Deli Closes]]>Fri, 30 Dec 2016 18:54:21 -0500http://media.nbcphiladelphia.com/images/205*120/020609+Carnegie+Deli.jpg

After 79 years of serving up heaps of cured meat to tourists, theater patrons and workaday New Yorkers, the Carnegie Delicatessen will slice its last ridiculously oversized sandwich on Friday.

Fans lined up all week for a last bite at the restaurant, which got a star turn in Woody Allen's 1984 film "Broadway Danny Rose" and remained a stop until the end for out-of-towners looking for the classic New York deli experience.

Craig DeGregorio, 38, of Long Island, said he waited for nearly 90 minutes to chow down on its signature dish, a mountainous, $20 pastrami sandwich.

"I figured this was the last chance I was going to get to come here," he said, adding that the visit was also his first. "I really didn't mind waiting at all. The sandwich was huge. It took two bites to even make a dent."

The Carnegie, its walls now lined with photos of celebrities who have eaten there, opened in 1937, drawing its name from Carnegie Hall just a block up 7th Avenue.

Aside from the long lines out on the sidewalk (and unusually high prices), the place screams old New York, from its vintage neon sign, to the items on the menu: slices of cheesecake, knishes, tongue and chopped liver, and a $30 reuben.

Another patron dining in the final days, Donna Nevens, of Elizabeth, New Jersey, said she wanted to be able to tell her friends she ate at the "world famous Carnegie deli" at least once.

"It's a New York institution," she said, anticipating she'd order a "Woody Allen," an overstuffed sandwich of half pastrami and half corned beef.

The deli later named the sandwich after the director after he filmed key scenes for "Broadway Danny Rose" there. The deli has also been featured on several television shows, including "Law & Order" and "Dr. Phil."

Although the Carnegie has remained popular with tourists, New Yorkers these days are more likely to go looking for authenticity elsewhere at lower prices. And it's been a rough few years for the Carnegie.

The restaurant reopened last February after being closed for nearly a year amid an investigation into a possible illegal natural gas hookup, discovered after a utility crew found a diverted line while they were investigating a leak.

The personal lives of owner Marian Harper and her husband Sandy were thrust into the public spotlight with a messy divorce after she accused him of having an affair with a hostess and slipping her cash and pastrami recipes. The deli was also ordered to pay $2.6 million in back wages to its employees after a labor dispute.

Harper has insisted the closure has nothing to do with any of those issues.

She's said her long hours at the deli have taken a toll and she wants to take time to enjoy her life. A spokeswoman for the deli said in September that Harper would focus on licensing the brand and selling products for wholesale distribution.

The restaurant is scheduled to close at midnight after a last full day of business Friday.

It will still have outposts in Las Vegas, Bethlehem, Pennsylvania, Madison Square Garden and at the U.S. Open tennis tournament in Queens.

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: AP (File)]]>
<![CDATA[Goya Foods Commits Tons of Food to NJ Catholic Shelters]]>Fri, 30 Dec 2016 06:33:34 -0500http://media.nbcphiladelphia.com/images/213*120/Goya+Foods.jpg

The largest Hispanic-owned food company in the country has committed to donating 125,000 pounds of food to an agency dedicated to serving the less fortunate in northern New Jersey.

Jersey City-based Goya Foods will send 10,000 pounds of food each month to Catholic Charities of the Archdiocese of Newark, which will distribute the goods to shelters in Essex, Hudson, Bergen and Union counties.

The company has also pledged a one-time donation of $10,000 to the archdiocese that will benefit Hope House in Jersey City and St. Rocco's Family Shelter in Newark.

Catholic Charities CEO John Westervelt says the funds will pay for renovations to recreational spaces at the facilities as well as additional food and clothing for homeless families.

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: AP]]>
<![CDATA['Supreme' Push to Legalize Sports Betting in NJ]]>Thu, 29 Dec 2016 07:08:38 -0500http://media.nbcphiladelphia.com/images/213*120/sports-betting.gif

New Jersey's chances of getting the U.S. Supreme Court to consider its attempt to allow legal sports gambling hinge on how a bedrock constitutional principle is applied.

The state argued in briefs this week that Congress is barred from forcing states to repeal or reinstate their own laws. That's a reference to an issue at the heart of a lawsuit by the NCAA and the four major pro sports leagues, who argue a 1992 federal law barring all but four states from authorizing sports gambling derails New Jersey's effort.

After an initial 2012 law allowing sports gambling in New Jersey was struck down in court, Republican Gov. Chris Christie signed a bill into law in 2014 that repealed prohibitions against sports gambling at casinos and racetracks.

That tactic — repealing prohibitions instead of approving gambling — was seen as a way to get around the federal law by not having sports gambling officially authorized by the state.

But that also met defeat at the hands of a federal judge in New Jersey and a federal appeals court in Philadelphia.

In this week's brief, the state argued the federal government, while able to regulate citizens directly, may not "require the states to govern by Congress' instruction."

Put differently, the appeals court's ruling invalidating New Jersey's 2014 law violates the Constitution by "authorizing a federal court injunction mandating that a State reinstate prohibitions it has chosen to repeal," attorneys representing the state wrote.

The Department of Justice, joining the sports leagues, has argued New Jersey's 2014 law effectively authorizes gambling at racetracks and casinos by prohibiting it everywhere else, making it a violation of the 1992 federal law.

The Supreme Court justices are expected to decide by next month whether to hear the case. The high court declined to hear an earlier iteration of the case in 2014.

Currently only Nevada offers betting on individual games; three other states are authorized to offer multi-game parlay pools.

Christie and other New Jersey lawmakers have sought to legalize sports gambling to help prop up the state's struggling casino and horse racing industries. It's estimated tens, or possibly hundreds, of billions of dollars are bet illegally on sports annually in the U.S.

Several other states including Mississippi, West Virginia, Arizona, Louisiana and Wisconsin have joined New Jersey's brief to the Supreme Court.

Copyright Associated Press / NBC 10 Philadelphia

<![CDATA[Lyft's Plan for Philadelphia in 2017]]>Thu, 29 Dec 2016 06:50:27 -0500http://media.nbcphiladelphia.com/images/213*120/bloombergphotolyftapp.jpg

Lyft has plans to expand in the Philadelphia market in 2017 now that the ride-sharing service is finally legal.

Gov. Tom Wolf this past November made transportation networking companies, or TNCs, like Lyft and UberX legal in Philadelphia after a years-long battle to legalize the services in the market.

San Francisco-based Lyft on Wednesday released the national and Philadelphia-area destinations that saw the most passenger drop-offs in 2016, including SugarHouse Casino.

Barring a few issues that still remain for TNCs — including the need for more wheelchair-accessible vehicles — Lyft, which launched in Philadelphia on Jan. 30, 2015, has plans to continue heavily investing and expanding next year in the region, which the company sees as an "incredible growth market," said Andrew Woolf, Lyft's Philadelphia general manager.

"The big thing we saw as a result [of the legalization] is the growth in drivers and passengers, which allow the business to grow," Woolf said.

To read the full article, click here.


For more business news, visit Philadelphia Business Journal. 

Photo Credit: Andrew Harrer/Bloomberg]]>
PHILADELPHIA BUSINESS JOURNAL]]><![CDATA[Former PPA Boss Seeks Six-Figure Payout]]>Wed, 28 Dec 2016 12:13:40 -0500http://media.nbcphiladelphia.com/images/213*120/Vince-Fenerty-Lead.jpg

The former head of the Philadelphia Parking Authority is looking to pad his six-figure annual pension with a few hundred thousand dollars more – requesting a more than $200,000 payout for unused vacation, sick and other time, according to a Philly.com report.

Vince Fenerty Jr. resigned from his post in late September days after reports of his sexual harassment came to light. Stepping down amid a scandal that included two separate reports from former PPA employees of his unwanted sexual advances, however, did not prevent Fenerty from collecting his annual pension of roughly $158,000.

A spokesman for the PPA did not confirm the dollar amount sought in unused paid-time off, Philly.com said, instead telling the outlet it is still being calculated.

To read full article, click here. 


For more business news, visit Philadelphia Business Journal

<![CDATA[Big Soda Appeals Lawsuit Dismissal]]>Tue, 27 Dec 2016 15:23:11 -0500http://media.nbcphiladelphia.com/images/213*120/Generic_Soda.PNG

The beverage industry wasted no time in filing its appeal to the judge's decision to dismiss its case against the city of Philadelphia over the impending soda tax.

Just as Philadelphia officials and the rest of the city set out Friday to enjoy the holiday weekend, attorneys for several local soda consumers; a few Philadelphia restaurants including City View Pizza and John's Roast Pork; and several associations that represent different parts of the beverage industry filed a notice of appeal in the Philadelphia Court of Common Pleas.

“We obviously anticipated this, and we are confident our arguments will prevail on appeal as they did in the Court of Common Pleas. As I stated last week, Judge [Gary S.] Glazer upheld the key points of our argument: the Philadelphia Beverage Tax cannot be considered a sales tax, and neither does it violate the uniformity clause of the Pennsylvania Constitution," City Solicitor Sozi Pedro Tulante said in a statement Tuesday.

A week earlier, Judge Gary S. Glazer dismissed the complaint "in its entirety"– leading Mayor Jim Kenney to call on the soda industry to relinquish its legal fight despite its insistency of an appeal.

Kenney reiterated those statements to the Philadelphia Business Journal last week.

To read the full story, click here.


For more business news, visit Philadelphia Business Journal. 

Photo Credit: ISTOCK/NODEROG]]>
<![CDATA[Post-Christmas Dash to Return Gifts]]>Mon, 26 Dec 2016 11:34:22 -0500http://media.nbcphiladelphia.com/images/195*120/Cherry+Hill+Mall+Shoppers.JPGNBC10's Matt DeLucia talks to shoppers at the Cherry Hill Mall about returning unwanted Christmas gifts and walking away with some great holiday deals.

Photo Credit: NBC10]]>
<![CDATA[More Pain at Pump for Pa. Drivers Already Paying Highest Tax]]>Tue, 27 Dec 2016 18:05:33 -0500http://media.nbcphiladelphia.com/images/213*120/dfw-generic-gas-01.jpg

The price to fill 'er up is going up again in Pennsylvania.

Starting Sunday, the nation's highest gas tax will increase by another 8 cents per gallon.

Drivers will pay about 78 cents per gallon in tax, up from just under 70 cents this year. The state's wholesale gas tax funds road construction and infrastructure maintenance.

Gas stations will almost certainly pass the increase to motorists, Patrick DeHaan, a petroleum analyst with fuel monitoring firm GasBuddy.com, told The Times-Tribune of Scranton.

Pennsylvania has the nation's fifth-largest road network, with more road miles than New York, New Jersey and all the New England states combined, according to James May, a spokesman for the state Department of Transportation.

He said PennDOT has fixed thousands of structurally deficient bridges and boosted road construction spending by about $1 billion, paving the way for about 25,000 new construction jobs.

Kay Nealon, who was gassing up in Scranton last week, said road conditions are still poor.

"Gas prices are going up, and it feels like a rip off, I can tell you that," said Nealon, a former Scranton business owner who now lives in Florida but returned to the area for the holiday. "The roads are as bad as they ever were, that's for sure."

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: Getty Images]]>
<![CDATA[Whole Foods Managers Fired for Whistleblowing: Lawsuit]]>Sat, 24 Dec 2016 04:15:36 -0500http://media.nbcphiladelphia.com/images/213*120/AP_16303028359967-Whole-Foods-Union-Sq.jpg

Nine managers who were fired by Whole Foods supermarkets for allegedly manipulating a bonus program filed a class-action lawsuit against the grocery chain.

According to the lawsuit filed this week in D.C. Superior Court, the managers were fired for blowing the whistle on a company-wide practice of not paying bonuses earned by employees. In the complaint, the former managers argue Whole Foods engaged in “systemic wage theft” at its stores nationwide and that the managers were punished for it after a “sham internal investigation.”

The lawsuit also accuses Whole Foods of defamation for telling media outlets that the managers were stealing bonuses from their workers at stores in the Mid-Atlantic region.

Each of the plaintiffs is seeking $25 million in damages.

“These allegations are not consistent with the findings to date of our internal investigations and we will respond appropriately,” Betsy Harden, a spokeswoman for Austin, Texas-based Whole Foods Market Inc., said in a statement.

Another Whole Foods spokeswoman, Brooke Buchanan, said earlier this month that the nine had been dismissed in recent weeks after a company-wide investigation.

The managers worked at stores in the District of Columbia, Maryland and Virginia. According to the company, they wrongly benefited from a profit-sharing program at the expense of store employees. The lawsuit, however, claims that it was company policy to use money from the bonus program to make up the difference when store departments went over budget.

Buchanan said when announcing the firings that Whole Foods was still investigating exactly how much money is involved and planned to ensure that employees at the affected stores are compensated properly.

Copyright Associated Press / NBC 10 Philadelphia

Photo Credit: Julie Jacobson, AP (File)]]>
<![CDATA[Possible Boost in AC Vacant Casino Interest ]]>Sat, 24 Dec 2016 09:06:38 -0500http://media.nbcphiladelphia.com/images/213*120/ac_skyview.PNG

One of several Atlantic City casinos that sits vacant along the beachfront boardwalk, the Atlantic Club may draw more interest from buyers, one expert tells the Press of Atlantic City, thanks to the massive construction project Stockton University has planned.

The Atlantic Club and the recently rebranded Revel Casino, now called Ten, sit empty at opposite ends of the boardwalk.

Owned by Florida-based TJM Properties, the Atlantic Club is located a short distance from Stockton's nearly $180 million "island campus" that will sit on the southern end of the Shore resort town.

Many in the battered city welcomed Stockton's plan – referred to as the Gateway project, which will provide housing for roughly 500 students, a parking garage and classrooms for nearly 1,800. 

With construction underway, attention has now shifted to the nearby Atlantic Club with a Drexel University hospitality and gaming professor, Bob Ambrose, telling the Press of A.C. this could be what the vacant casino needed to draw buyers.

To read the full article, click here.


For more business news, visit Philadelphia Business Journal.

Photo Credit: Kevin P. Coughlin]]>
<![CDATA[South Jersey Restaurant Group Opens 19th Eatery]]>Sat, 24 Dec 2016 09:06:25 -0500http://media.nbcphiladelphia.com/images/213*120/PJ_Welihans_SJersey.PNG

A New Jersey-based restaurant group has opened its 19th restaurant in the Philadelphia and South Jersey markets, and it will continue to expand and make enhancements to its existing eateries, which one expert said will continue to feed the local economy.

Haddonfield, New Jersey-based P.J.W. Restaurant Group owns a number of restaurant concepts — P.J. Whelihan's, The Pour House, Treno Pizza Bar and The ChopHouse, all located in the Greater Philadelphia region, including its home turf of South Jersey.

The restaurant group has just opened its newest P.J. Whelihan's concept in Oaks in Montgomery County. It's the 14th outpost for the brand and the restaurant group's 19th restaurant overall, making P.J.W. "one of the largest" privately-owned groups in the Delaware Valley, according to the company.

The restaurant group has kept it all in the Philadelphia region — The Pour House is located in Westmont, New Jersey, and North Wales and Exton, Pennsylvania; Treno Pizza Bar is in Westmont; and The ChopHouse is in Gibbsboro, New Jersey. P.J. Whelihans is scattered throughout South Jersey and the Philadelphia area, plus the original location in Lehighton in Carbon County.

To read the full story, click here.

For more business news, visit Philadelphia Business Journal. 

Photo Credit: P.J.W Restaurant Group]]>
<![CDATA[Delco Brewery to Open Long Beach Island Taproom ]]>Wed, 28 Dec 2016 10:57:13 -0500http://media.nbcphiladelphia.com/images/213*120/Ship_Bottom_Brewery.jpg

A Delaware County brewery will open a taproom adjacent to its recently-opened production facility in Long Beach Island after hitting its fundraising goal for the project. But it's not stopping there; more are planned within the next two years.

Wallingford, Pennsylvania-based Ship Bottom Brewery — founded in 2011 with production following in 2012 — opened a production facility in Beach Haven, New Jersey, this past August.

The brewery owners in March this year received about $650,000 in funding that would go toward its expansion, which included the New Jersey production facility. The funding was made up of $350,000 from six investors and another $300,000 in the form of a private loan.

Ship Bottom originally leased 2,100 square feet of space in Long Beach Island. Now the brewery plans to open a 1,400-square-foot taproom on Jan. 1 after hitting its $900,000 fundraising goal this past June, according to founder Robert Zarko. More space becoming available, paired with Ship Bottom hitting capacity in its current facility, also pushed the owners to add the taproom.

To read the full article, click here.


For more business news, visit Philadelphia Business Journal. 

Photo Credit: Ship Bottom Brewery, Philadelphia Business Journal]]>
PHILADELPHIA BUSINESS JOURNAL]]><![CDATA[Philly School District Put Hospital Property Up For Sale]]>Fri, 23 Dec 2016 16:30:03 -0500http://media.nbcphiladelphia.com/images/213*120/Abandoned+Graduate+Hospital+Property.jpg

The School District of Philadelphia is asking $3.75 million for a Graduate Hospital elementary school that has sat empty for several years.

First reported by the Inquirer, the WS. Peirce School is being marketed by The Flynn Co.

Located on the 2400 block of Christian Street, the former school is listed on the National Register of Historic Places. The property includes an adjacent parking lot and is zoned for residential multi-family use.

To read full article, click here

For more business news, visit Philadelphia Business Journal.

Photo Credit: The Flynn Co.]]>
PHILADELPHIA BUSINESS JOURNAL]]><![CDATA[Main Line Middle School Seeks $11M Expansion Project]]>Fri, 23 Dec 2016 15:08:03 -0500http://media.nbcphiladelphia.com/images/213*120/classroom+generic1.jpg

Lower Merion School District officials want to spend at least $11 million on a middle school expansion project that would add classroom and cafeteria space to the Bala Cynwyd Middle School.

The proposed plan includes a new 2-story wing that would hold 12 classrooms, as well as a new 30-space parking lot, according to Main Line Media News.

Located between Manayunk Road and Bryn Mawr Avenue near Levering Mill Road, the middle school has seen its enrollment grow over the past several years.


To read full article, click here.

For more information, visit Philadelphia Business Journal

Photo Credit: Newsworks ]]>
<![CDATA[One-of-a-Kind Restaurant Opens in Center City]]>Tue, 24 Jan 2017 07:52:59 -0500http://media.nbcphiladelphia.com/images/201*120/Rooster+Soup+Co.JPGThe Rooster Soup Co. is donating all its profits.

Photo Credit: NBC10]]>
<![CDATA[Fans Flock to Carnegie Deli for Last Pastrami Sandwich]]>Fri, 30 Dec 2016 06:21:52 -0500http://media.nbcphiladelphia.com/images/213*120/HOLT+CARNEGIE+DELI+CLOSING+PKG+530P+-+00011911_WNBC_00000001442.jpgThe famous delicatessen will serve its last slice of pastrami Friday. Stefan Holt reports.]]><![CDATA[NJ Lawmakers Pass Bill Targeting Carl Icahn-Owned Casino]]>Wed, 21 Dec 2016 17:39:08 -0500http://media.nbcphiladelphia.com/images/213*120/Carl_TrumpTaj.PNG

Carl Icahn may need to return to the bargaining table with Trump Taj Mahal's union workers if he wants to reopen the shuttered casino anytime soon.

The New Jersey Assembly on Monday voted 60-17 to approve a bill that prevents the owner of a casino to shut it down, and then reopen it a short time later without employing unionized workers, according to the Associated Press.

The bill, which still needs Gov. Chris Christie's signature, specifically targets Icahn since it would impose a 5-year gaming license suspension to anyone who shut down a casino after January 2016.

The billionaire investor closed the Taj in October after months of failed negotiations with UNITE Here Local 54. The shutdown put nearly 3,000 workers out of a job.

Lawmakers told the AP the legislation, while only impacting the Taj and not the four other casinos previously closed in Atlantic City, is meant to keep casino owners from sitting on the licenses for years. Assemblyman John Burzichelli told the outlet this will inhibit casino owners from "manipulating the licensing system."

To read the full article, click here.

For more business news, visit Philadelphia Business Journal. 

Photo Credit: Alison Burdo]]>