Power Crowd
Developer Eric Blumenfeld Takes Control of Divine Lorraine
Developer Eric Blumenfeld—the man with a lofty vision for revitalizing North Broad Street—got control of the Divine Lorraine on Tuesday. Bluemenfeld was the only bidder […]
Campbell’s to Close Two Factories, Eliminate 700 Jobs
South Jersey-based Campbell’s Soup Co. has announced its intention to close two American factories. A plant in Sacramento, California will close by July 2013. It […]
Dorm Room Fund Wants to Make Philly’s College Kids Rich
A boss partner at First Round Capital, Penn alum Josh Kopelman, has announced the start of Dorm Room Fund in Philly. The student run investment […]
Forbes Drops Jeffrey Lurie From List of 400 Richest People in America
Forbes released it’s annual list of the 400 richest people in America. Absent from this year’s Forbes 400 is Jeffrey Lurie. Last year, Lurie came […]
Fact-Checking Mitt Romney’s Big Speech
If looking presidential means following George Washington’s famous—if apocryphal—example, then Mitt Romney did mostly OK during his Thursday night speech at the Republican National Convention: […]
IBM Buys Wayne-Based Firm for $1.3 Billion
IBM has purchased Kenexa—a human-resource systems software and research company based in Wayne with clients like Starbucks, Verizon, and the U.S. Navy—for a reported $46 […]
Raymond Perelman Accuses Son of Altering Ruth Perelman’s Death Certificate
Perelman Accuses Son. In the latest in the ongoing Perelman family feud, Raymond Perelman has accused his son Jeffrey of having Ruth Perelman’s death certificate […]
Lower Merion Is 5th Top-Earning Town in America
Lower Merion was ranked fifth among CNN’s Top-Earning Towns in America. The median family income in Lower Merion is $153,309/year and the median home price […]
Montgomery County Is the Most Generous in Pennsylvania
Montco = Most Generous County. Montgomery County residents donated $650.6 million to charity in 2008 (the most recent year that the statistics are available). That’s […]
David Eisner Steps Down as President and CEO of Constitution Center
On Friday, David Eisner announced that, effective October 31st, he will step down from his post as the president and CEO of the oh-so-exciting National […]
Walmart, Target, Sunoco, Others Team Up to Challenge Google With Smartphone Payments
We may not have flying cars and our meals may not come in pill-form just yet, but we can pay for pretty much everything with […]
Developer Looks to Buy the Divine Lorraine
Developer Eric Blumenfeld (the guy who revitalized North Broad Street) will reportedly look to purchase the Divine Lorraine on North Broad at a Sheriff’s sale […]
NBCUniversal Expects to Break Even With Olympic Coverage
Higher production costs and the complication of the time difference had NBCUniversal—and, in turn, Comcast—expecting to take a $200 million loss on the 2012 Summer […]
Comcast’s Net Income Jumps 32 Percent in Second Quarter
In case knowing the outcome of all of the Olympic events before they happen wasn’t enough of a reminder that you’re living under the Comcast […]
Wharton Dropout Makes Physicists Rich
Yuri Milner—a 50-year-old Russian-born billionaire who dropped out of Wharton’s M.B.A. program in the early ’90s—has given nine physicists $3 million each for their contributions […]