Business News

Philadelphia Business News - Local Philadelphia News | The Philadelphia Business Journal

American City Business Journals, Inc. and its licensors. All rights. reserved.
View Breaking Local News Headlines in Philadelphia from the Philadelphia Business Journal. Access business resources, company profiles, business advice columns, local jobs and more.

Blame game continues as Icahn rejects Taj Mahal union's contract proposal

Wednesday August 31st, 2016 08:04:11 PM Alison Burdo
The owner of the Trump Taj Mahal has double downed on accusations that the leader of the casino workers' union was the driver behind the upcoming October closure in a statement that said UNITE HERE Local 54 stands to gain from the use of a union-run healthcare plan and its president used "misleading propaganda" to try to force management to adopt it."Bob McDevitt and the Taj bargaining committee have no one to blame but themselves for this sad outcome," said Tony Rodio, president and CEO of Tropicana…

Philadelphia Eagles Foundation donating $1M to CHOP

Wednesday August 31st, 2016 07:56:24 PM John George
The Philadelphia Eagles Charitable Foundation is making a $1 million donation to support autism programs at Children’s Hospital of Philadelphia and research at CHOP’s Center for Autism Research.Philadelphia Eagles Chairman and CEO Jeffrey Lurie announced the gift Tuesday night at the foundation’s inaugural “Taking Flight for Autism” fundraiser at Lincoln Financial Field. More than $300,000 in net proceeds from the event, attended by 700 guests who purchased tables to support the cause,…

Local food truck to compete in national competition

Wednesday August 31st, 2016 06:11:03 PM Kenneth Hilario
About 50 food trucks from across the United States will go head to head in a local bakery company's national competition, and only one operator from the Philadelphia region has been chosen to compete.English muffin and bagel brand Thomas' — owned by Horsham, Pennsylvania-based Bimbo Bakeries USA — last year held its inaugural "Hometown Breakfast Battle," where 135 chefs from across the United States competed, putting their own spin on Thomas' products.For this year's iteration, Thomas' is…

Flyers unveil 50th anniversary jersey

Wednesday August 31st, 2016 06:01:16 PM John George
The Philadelphia Flyers unveiled a new third uniform, which features some gold to go along with the traditional orange and black, that the team will wear this season to celebrate the organization’s 50th anniverary.The gold accents featured in the anniversary jersey include gold numbers on the back and sleeves, a three-color name plate, a gold-outlined crest on the front, and gold captain ‘C’ and alternate captain’s ‘A’ patches, as well as additional gold accents on the pants and gloves.The…

Announcing 50 On Fire: The fastest-growing companies in Greater Philadelphia

Wednesday August 31st, 2016 04:08:03 PM Craig Ey
The Philadelphia Business Journal launched a new initiative in 2016 to identify the fastest-growing companies in Greater Philadelphia.Called “50 On Fire In Philly,” the results are now in!All 50 companies who made the list are identified in the accompanying photo gallery – in alphabetical order. We're keeping the actual rank a secret until a special event at SugarHouse Casino on Sept. 22. The companies will be featured in a special report in the Sept. 23 weekly edition of the Philadelphia…

More job cuts at Bucks County biopharm firm

Wednesday August 31st, 2016 03:07:59 PM John George
Onconova Therapeutics, a Bucks County biopharmaceutical company attempting to develop new cancer therapies, is making further cuts to its workforce to preserve cash.The Newtown, Pennsylvania company, is eliminating six positions, which represents about 21 percent of its workforce, according to documents filed with the Securities and Exchange.Onconova, in the filing, said the move is expected to generate annual savings of $1.4 million. The company, which will have a staff of about two dozens employees…

AstraZeneca to pay $5.5M to settle bribery allegations

Wednesday August 31st, 2016 02:18:49 PM John George
AstraZeneca has agreed to pay $5.52 million to resolve allegations the pharmaceutical company’s sales and marketing made improper payments to staff to state-employed health care officials in China and Russia.Under the terms of settlement, which resolves a U.S. Justice Department investigation into the matter, AstraZeneca did not admit or deny any wrongdoing.When asked about the settlement, AstraZeneca issued the following statement:"We are pleased to have a resolution of these matters. The…

5 things to know & Google is going after Uber in its own Waze

Wednesday August 31st, 2016 12:26:30 PM Dell Poncet
Did you miss me? I'm back after being on a double-secret assignment for the past three working days. I'd tell you what it entailed, but it was one of those missions that only "journalists" undertake that would seem completely inane when explained to "normal" people like yourselves.So let's put it to rest. I can admit it involved bananas but no weapons.Eating well in (you know where)Speaking of food, Middle Eastern food, Chicago-style is coming to King of Prussia. (It seems like it must be a…

PoliticsPA: Bruce Beemer sworn in as Attorney General

Wednesday August 31st, 2016 12:23:29 PM Nick Field
Bruce Beemer is now Pennsylvania’s Attorney General.Beemer was sworn into office Tuesday after being unanimously confirmed by the State Senate Judiciary Committee and the entire body earlier today.Initially the First Deputy Attorney General during Kane’s tenure, Beemer testified against her and took Gov. Wolf’s offer to become Inspector General in July. Wolf then nominated Beemer for the position after Kane’s conviction and resignation.Governor Wolf has released the following statement:“Bruce…

Back-to-school brings new shopping approaches, renewed office challenges

Wednesday August 31st, 2016 12:19:27 PM David A. Arnott
Welcome back to school. Let the stress begin.We're not talking about new teachers, unfamiliar hallways and being away from home. We're talking about what happens when the school nurse calls. And when there's a concert to go see. And when it's Career Day, and your child really wants you there.How do you tell your boss, and your colleagues, that you won't be at the office this morning? Or, maybe, that you won't be making it in at all?What do you do when you're the boss, and you're the one fielding…

Comments are closed.