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Nominate your CFO for the 2015 Philadelphia Business Journal CFO of the Year Awards

Friday March 27th, 2015 06:46:57 PM
It's that time of the year again when the Philadelphia Business Journal has the great honor of recognizing the efforts of those unsung heroes of the C-suite – the chief financial officers.The PBJ is proud to announce the 2015 CFO of the Year Awards. Now is the time to nominate your CFO hero. But don't wait, the deadline for nominations is April 13. For the nomination form, click here.The winners will be honored at a special luncheon at the Crystal Tea Room in Center City Philadelphia on Thursday,…

Who's afraid of the Wolf budget? Business shouldn't be

Friday March 27th, 2015 06:30:50 PM Stephen Herzenberg
When you think of Pennsylvania's business community, the bold budget proposal of business leader-turned-Gov. Tom Wolf brings to mind a scene from the movie Austin Powers.I’m referring to the scene in which Dr. Evil silences his son Scott with "shh” every time Scott tries to speak, and then throws in an extra “shh” with the line “that was a pre-emptive shh.”The governor’s proposal to slash the Corporate Net Income (CNI) tax rate from 9.99% to 4.99% in just two years is a pre-emptive…

Cooper CEO stabbed wife then set fire to room in murder-suicide, investigators say

Friday March 27th, 2015 05:46:35 PM Kelly Bayliss
A high-profile hospital CEO killed his wife and then set fire to their bedroom in a bizarre murder-suicide, according to a report released by investigators Friday, nearly six months after their deaths.Firefighters found Cooper University Health System CEO John Sheridan Jr, 72, and his wife, Joyce, 69, in the burning master bedroom of their Montgomery Township, N.J., home on Sept. 28.The much revered CEO stabbed her multiple times in the face and then doused the room with gasoline, trapping them…

Philadelphia-area law school takes unusual step, will split in two

Friday March 27th, 2015 05:00:06 PM Jeff Blumenthal
In a move that has been in the works since Dean Linda Ammons stepped down last spring, Widener University’s application to split its law school into two separate schools has been approved by the American Bar Association.The law school has long had campuses in Harrisburg, Pa. and Wilmington, Del. They will now operate independently of each other and be led by separate deans, but remain part of the university.Rod Smolla will serve as dean of Widener University Delaware Law School, the name for…

Philly Pretzel cooks up an assertive domestic, international expansion

Friday March 27th, 2015 03:58:22 PM Fran Hilario
Philly Pretzel Factory has an aggressive growth strategy, with plans of opening 500 U.S. locations in the next five years and entering the international market by the end of next year.The pretzel company is in serious growth mode, and it’s even added a chief development officer, Tom Monaghan, to handle and plan its expansions. The company has 148 locations in 10 states, but it’s aiming to open at least 500 locations, in every state, by 2020.“We’ve got the brand, product and the operating…

5 Things You Need to Know Today (3-27)

Friday March 27th, 2015 01:10:41 PM Jeff Blumenthal
Here’s What’s Happening today:1. You think you paid too much for your house? You may be right. Philadelphia is overpriced, Forbes says2. Pew survey: Philadelphians optimistic about city’s future. That is why you went to work clicking your heels and winking at strangers.3. Fraudsters: Owners of two N.J. MRI centers plead guilty to paying kickbacks.4. Penn faculty startup raises $100K from Startup PHL angel fund. Heavenly!5. They will be colorful! Exciting! Three-dimensional! The future…

Institute assembles team of 'all-star researchers' to cure hepatitis B

Friday March 27th, 2015 01:07:12 PM John George
The Baruch S. Blumberg Institute in Bucks County said this week it has recruited what it is calling a team of four “all-star researchers” who will focus exclusively on developing a cure for hepatitis B.Their goal is to find a cure within the next three years.The four principal scientists — Timothy Block, Drs. Jinhong Chang, Ju Tao Guo and Ying-Hsiu Su— and 16 of their staff members and laboratory researchers have joined the institute full time in a move that nearly triples its research…

Wolf creates competitive procurement process for bond counsel

Friday March 27th, 2015 12:55:55 PM Jeff Blumenthal
Pennsylvania Gov. Tom Wolf is creating a competitive procurement process for selecting bond counsel as part of his plan to overhaul state government.The executive order calls for all contracts awarded for legal services or legal consultants by the Office of General Counsel (OGC) or any state department to be conducted using competitive bids. The results are made available online.“This process reforms what was an obscure process into one that is efficient, ethical and transparent in securing…

Pew survey: Philadelphians optimistic about city’s future

Friday March 27th, 2015 12:26:22 PM Abby Smith
It’s always sunny in Philadelphia — or, at least, it’s getting sunnier.A new Pew CharitableTrusts survey released Wednesday found that Philadelphians are more optimistic about their city now than ever before.Almost half of those surveyed (48 percent) indicated that Philadelphia is heading in the right direction, compared to the 37 percent who said so in the organization’s 2013 survey. Similarly, 67 percent believe the city will improve over the next five years, while less than a quarter…

3-D billboards in Center City approved by Council

Friday March 27th, 2015 12:11:36 PM Jeff Blumenthal
Philadelphia City Council Thursday approved legislation allowing two animated, digital, three-dimensional billboards to be placed at Center City.Plan Philly said the bill, passed by a 13-3 margin, could be placed across from Reading Terminal Market at 12th and Arch streets and outside the Pennsylvania Convention Center at Broad and Arch streets.Plan Philly noted that the lead up to the vote was marked by petitions supporting and opposing it.Opponents of the legislation, representing Scenic…

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