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Philadelphia's museums are a global resource

Thursday October 30th, 2014 08:28:00 PM
Among the many resources that put Philadelphia on the map and make it an attractive place in which to live, work, and invest are its wealth of museums— including the internationally renowned University of Pennsylvania Museum of Archaeology and Anthropology. Philadelphia's museum community already enjoys many international connections, and museum leaders understand the value of being part of the United States' first officially designated World Heritage City—a prospect that Global Philadelphia…

Selling Is the common thread of success

Thursday October 30th, 2014 06:56:00 PM
My parents and a favorite aunt used to say "reading and math are the common thread" for success — a common denominator if you will. I became a voracious reader and my math skills were pretty decent, although I could never figure out what the practical application of knowing geometry really is.Anyway, I want to propose something that is not necessarily new and will not make me the next guru of whatever. It is an overdue reinforcement of reality.The common thread — the actual behavior that…

Help! I'm a Philadelphia small business owner who doesn't like selling

Thursday October 30th, 2014 06:48:00 PM
Dear BDU: I am a small business owner who dislikes selling yet at the same time, I realize that I need to be able to sell in order to grow my business. I struggle to understand how I can develop my business and sell to prospective customers without coming across as pushy or obnoxious. Any advice for the reluctant sales person? RickDear Rick:I know where you are coming from. In fact, I never thought I would end up in sales myself. Although I have now been involved with sales for over 25 years,…

Radnor biopharma firm raises $11M

Thursday October 30th, 2014 06:45:00 PM
Cortendo AB, a biopharmaceutical company that has its headquarters in Sweden and operates out of Radnor, Pa., raised $11 million in a private stock sale.The financing — which is subject to approval for Cortendo's shareholders — was led by HealthCap, a European venture capital firm. Other investors included the Third Swedish National Pension Fund, Storebrand and Arctic Fund Management.As part of the proposed transaction, Cortendo plans to delist from the Oslo, Norway, exchange and pursue a…

What should you do when your marketing funds are limited?

Thursday October 30th, 2014 06:37:00 PM
Here are five ways you can promote your company even when the dollars are scarce:Show Love & Respect"Every person is a jewel, worthy of love and respect." – AnonymousA proud part of my career was when I was the business and personal manager of one of the world's most famous athletes – Smokin Joe Frazier, the former World Heavyweight Boxing Champion in his later years. I was constantly amazed at the love and respect he received from his fans and it didn't take long for me to understand why…

$50 million Comcast settlement could mean cash, free services for customers

Thursday October 30th, 2014 06:36:00 PM
In a class-action antitrust lawsuit from December 2003, Comcast was accused of purposely acquiring monopoly power in the Philadelphia area and overcharging cable TV subscribers. Comcast reportedly still denies wrongdoing 11 years later, but has agreed to a proposed $50 million cash ($16.67 million) and services ($33.33 million) settlement, according to a filing with the U.S. District Court in Philadelphia.If the settlement is approved, more than 800,000 current and former Comcast customers (between…

Exclusive: Delco firm preparing to launch oral cancer screening test kit

Thursday October 30th, 2014 06:35:00 PM
A Broomall, Pa., personalized medicine company is getting ready to launch its first product: a test kit for use in a dental office that can detect early-stage oral cancer from a small amount of saliva."We have no doubt this will save lives," said Stephen M. Swanick, the chairman, CEO and founder of PeriRx. The company's other initial investors are Dr. Neil Gottehrer, a practicing dentist; and Dr. Jack Martin, a cardiologist who is the company's chief medical officer.PeriRx plans to introduce…

Novartis leases building in King of Prussia

Thursday October 30th, 2014 04:32:00 PM
Novartis, a global pharmaceutical company, has made a first-time commitment to the Philadelphia suburbs and leased a building in King of Prussia, Pa.The company took roughly 88,000 square feet at 151 S. Warner Road and backfills a building Vanguard Group vacated a few months ago when it moved into Three Quarry Ridge, which was newly constructed by Liberty Property Trust. Cushman & Wakefield represented Novartis in the lease.The pharmaceutical company took a short-term lease, according to market…

Casino gaming industry generates $6.2B in Pa.

Thursday October 30th, 2014 03:30:00 PM
The state's gaming industry is a huge economic boon for Pennsylvania, with $6.2 billion in economic impact, according to a study by Oxford Economics.The gaming industry's economic impact includes $1.7 billion in total labor income, supporting nearly 34,000 total jobs in the state last year, 18,000 of which were direct jobs. Commercial casinos also generated more than $2.4 billion in total tax revenues.Here's the breakdown:Total output impact — $6.18 billionTotal employment impact — 33,574Total…

5 things to know today (10-30)

Thursday October 30th, 2014 01:00:00 PM
Here's what's happening today:1. Inside the Deal: How the Jefferson, Abington Health merger plan came to fruition.2. Philadelphia's unemployment rate has hit its lowest point since 2008, says city controller.3. Curt Schilling has reached a bankruptcy agreement for his defunct video game company 38 Studios.4. Another major convention is coming to Philadelphia, this time it's an emergency physicians group.5. In a wide-ranging interview, the CEO of Citizens bank discussed teller-less branches,…


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