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National craft beer awards nominates three local distributors

Friday September 19th, 2014 03:30:00 AM
In a year that seems to be all about local craft beer, three Philadelphia companies have been nominated for best craft distributor in a national competiton.Origlio Beverage, Gretz Beer Co. and Muller Inc. have been nominated for this year’s Craft Beer Distributor of the Year Award, which recognizes distributors that go “above and beyond to actively market, sell and promote craft beer.”The winning distributor will be based on the total number of volume of craft and total beer sales, percent…

Penn Mutual Towers to get new name and expansive renovation

Thursday September 18th, 2014 10:00:00 PM
The new owner of Penn Mutual Towers is changing the name of the office building to One Washington Square.Rubenstein Partners, a Philadelphia real estate investment firm, decided the 850,000-square-foot structure needed a new identity and one that would better match its location. The three-building complex overlooks Independence Hall and Washington Square.The property at 510-530 Walnut St. in the Old City neighborhood of Philadelphia was named for its original anchor tenant, Penn Mutual Insurance…

City gets $13.5M grant to ease one of highest infant mortality rates in U.S.

Thursday September 18th, 2014 08:00:00 PM
The U.S. Department of Health and Human Services awarded a five-year, $13.5 million grant to Philadelphia’s Department of Public Health and the Maternity Care Coalition for initiative to improve birth outcomes.The grant was awarded as part of the HHS Healthy Start program.Philadelphia has among the highest infant mortality rates in the country. A study released last year by the nonprofit organization Save the Children, which looked at the time period between 2007 and 2009, found in Philadelphia…

Echo investor wants its money back

Thursday September 18th, 2014 07:30:00 PM
Platinum Management said this week it has informed the board of Echo Therapeutics that it intends to seek the return of its $5 million investment in the Philadelphia medical device company, under the terms of its December 2010 securities purchase agreement.In its letter, Platinum Management — a New York-based investment management firm and Echo’s largest stockholder — states it believes Echo “entered into the contract in bad faith with no intention of performing its obligations or using…

Erectile disfunction drug gets approval for use just 15 minutes before sex

Thursday September 18th, 2014 05:50:00 PM
A day after receiving an unsolicited $2.2 billion takeover offer from Endo International, Auxilium Pharmaceuticals, learned that the Food and Drug Administration approved its application to market its erectile dysfunction drug Stendra for use 15 minutes before sexual activity.Adrian Adams, president and CEO of the Chesterbrook, Pa., biopharmaceutical company, believes the approval will provide Auxilium with an important distinction in the highly competitive and multibillion-dollar ED marketplace…

Nearly 10 percent of Americans have gone to work stoned on pot

Thursday September 18th, 2014 05:36:00 PM
No wonder the donuts in the conference room didn't last long. A new study finds that 9.74 percent of Americans have gone to work high on marijuana. The Mashable survey of 534 workers found that 80.77 percent of those stoned workers obtained the pot illegally.Of those who went to work high on pot, 4.3 percent said they are at least "somewhat likely" to do so again.Only 3.37 percent have gone to work high on another illegal substance, while 28.28 percent have gone to work under the influence…

“Dry” town Haddonfield not so dry anymore thanks to alcohol initiative

Thursday September 18th, 2014 05:15:00 PM
Anyone in Haddonfield, N.J., jonesing for a glass of wine to go along with their restaurant meal were always forced to go to nearby towns or bring their own. And that’s because the town has been a “dry” town by law since 1873 — a ban that still stands today.However, thanks to a recently approved initiative called the Alcohol Management Plan for Retail Outlets, restaurants in Haddonfield are now able to offer wine by leasing a portion of their business only to New Jersey-based wineries.“The…

Get a first look at $272M expansion at Nemours/Alfred I. duPont Hospital

Thursday September 18th, 2014 05:00:00 PM
The Nemours/Alfred I. duPont Hospital for Children unveiled its $272 million expansion project — the biggest expansion at the Wilmington, Del., pediatric hospital since it was created three decades ago.The project involved the construction of two almond-shaped towers, encompassing 450,000 square feet, that were erected adjacent to the existing hospital. The towers feature 144 “technologically advanced” single-patient rooms, an expanded emergency department and a five-story atrium.A 44-bed…

PBJ's Advanced Degree Open House connects professionals with universities

Thursday September 18th, 2014 03:27:00 PM
On Sept. 18, the Philadelphia Business Journal held a special Open House for professionals interested in pursuing MBA, EMBA or other advanced degrees. This event provided seasoned professionals and recent college graduates the opportunity to personally meet representatives from area colleges and universities. (See photos from the event in the accompanying gallery.)A panel of Human Resource executives shared insight on how an advanced degree gives a competitive edge to landing your dream job. They…

King of Prussia office building comes up for sale; could trade for $200 per square foot

Thursday September 18th, 2014 02:04:00 PM
A local real estate fund is looking to sell 150 S. Warner Road in King of Prussia, Pa., two years after it acquired it.The four-story building totals 155,000 square feet and for years, had gone under the name Walnut Hill Plaza. It is 97 percent leased up and expected to trade in excess $200 per square foot.A fund comprised of Miller Investment Management and Hayden Real Estate, both locally owned firms, bought 150 S. Warner Road in 2012 for $11 million through an auction process. It had been…

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