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Radnor’s Safeguard Scientifics Shifts Focus, Lays Off Half of Its Staff
Radnor’s Safeguard Scientifics has laid off half of its staff as part of cost-cutting measures and a change in business strategy, writes Michelle Caffrey for the Philadelphia Business Journal. The decision comes after the investment firm conducted an extensive review and assessment of its available options to increase shareholder value. “As we evaluated the best…
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Prosecutor of ‘High-Profile Drug Cases’ Sworn In as County’s New District Attorney
Katayoun “Kat” Copeland has officially been sworn in as the Delaware County District Attorney, writes Erin McCarthy for the Philadelphia Inquirer. Copeland, 50, a Republican from Radnor, was appointed by the county Board of Judges over 19 other candidates to fill the term of John J. Whelan, who was elected a county judge. She plans…
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Philadelphia Union Signs Teenager from Drexel Hill
The Philadelphia Union has signed defender Matthew Real, an 18-year-old native of Drexel Hill who debuted as a professional last season. Real joins the Union after playing for Bethlehem Steel FC, the Union’s affiliate in the United Soccer League, in 2017. He joins Media native Auston Trusty, 19, as a Homegrown Player on the Union’s…
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Valley Forge Military College to Rename Center for Security Studies After H.R. McMaster
This spring, the Valley Forge Military College will officially rename its Center for Advancement of Security Studies in honor of LTG H.R. McMaster, National Security Advisor to President Donald Trump and an esteemed alumnus of Valley Forge Military Academy. The new H.R. McMaster Center for Security Studies, or simply The McMaster Center, will transition from…
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Franklin Mint Federal Credit Union CEO Dies at 71
Kennett Square resident John Unangst, the President and CEO of Franklin Mint Federal Credit Union, has died at the age of 71. “The board of directors, management team, and employees are extremely saddened by this unexpected news,” said Patrick Killian, Commerce Director of Delaware County and FMFCU’s chairman of the board. “His exemplary leadership, unwavering…
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Wall Street Journal: CEO of SAP Selling Vacation House for $17.75 Million
Bill McDermott – the CEO of SAP, which has its U.S. headquarters in Newtown Square – is selling his home in Jupiter, Fla., for $17.75 million, writes Candace Taylor for The Wall Street Journal. McDermott bought the home from country singer Alan Jackson in 2012 for $10.45 million. Jupiter is a narrow barrier island on the Atlantic…
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Wawa Adds to Its Already Impressive Range of Coffees
Wawa has added to its already impressive range of coffees with Wawa Reserve, a selection of small-batch, limited-edition coffees from around the world, writes David Landsel for Food & Wine. Wawa is already well-known for its coffee, as it’s made fresh all day and tailors to various tastes with choices like Cuban Roast and French…
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Enthusiasm, Concern Among Reactions as Region Makes Amazon’s Short List
Reaction to the news that Greater Philadelphia is one of the 20 cities/regions on Amazon’s short list for its second headquarters has run the gamut from enthusiasm to concern, writes Alison Burdo for the Philadelphia Business Journal. The city’s government officials shared their thrilled responses to the decision. This included Mayor Jim Kenney, who credited…
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Radnor’s Lincoln Financial Group to Make $3.3 Billion Acquisition
Radnor’s Lincoln Financial Group has agreed to acquire Liberty Mutual Insurance Group’s Liberty Life Assurance for $3.3 billion, writes Jeff Blumenthal for the Philadelphia Business Journal. Lincoln Financial, a life insurer and retirement investment company, will keep the Group Benefits business from Liberty. It then plans to assign its individual life and annuity business to…
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New Report Brings SEPTA’s Billion-Dollar Trolley Plan Closer to Fruition
A new report published by the Delaware Valley Regional Planning Commission brings SEPTA’s ambitious, billion-dollar plan to remake Philadelphia trolleys one step closer, writes Jason Laughlin for the Philadelphia Inquirer. SEPTA is hoping to introduce new trolleys with larger cars by 2024. A new report published two weeks ago, details plans for future stops with…
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More Info on Pennsylvania’s New REAL ID-Compliant Driver’s Licenses
More information is slowly coming out regarding Pennsylvania’s new REAL ID-compliant driver’s licenses, which will be issued beginning in March 2019, writes Michaela Winberg for Billy Penn. The REAL-ID compliance is required by the Department of Homeland Security to improve the security of state-issued driver’s licenses and reduce identity fraud. While it is not required…
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Radnor’s Qlik Ends Four-Month Search, Hires New CEO
Qlik, a business analytics company based in Radnor, has hired Mike Capone, the former Medidata Solutions chief and ADP executive, as its new CEO, writes Joseph DiStefano for the Philadelphia Inquirer. Capone’s hiring ends a four-month search that began after Qlik boss Lars Björk stepped down after 17 years at the helm. Qlik, which was…
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Fintech Company in Swarthmore Raises $1.5 Million in Seed Round
LoanStar, a Swarthmore-based fintech company, has managed to raise $1.5 million in a seed round as it attempts to make its lending platform available to more community banks and credit unions, writes Michelle Caffrey for the Philadelphia Business Journal. Founded three years ago by CEO Andrew Turner and President Craig Haynes, LoanStar builds white-label technology…
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New Steakhouse Opens in Morton
A new steakhouse, Prime on the Avenue, is now open for business in the center of Morton Borough, writes Peg DeGrassa for the Delaware County News Network. Located at 13 South Morton Avenue, the restaurant opened Jan. 12 and offers prime rib, prime steaks, and prime seafood in a relaxed, family atmosphere. It’s next door…
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Documentary Depicts Life in Chester and Issues the City Faces
A Chester Story, a documentary by Ulysses “Butch” Slaughter depicting the life and times of the people of Chester, debuted on Martin Luther King Jr. Day to a sold-out crowd at the MJ Freed Theater on the Avenue of the States in Chester, writes Rick Kauffman for the Daily Times. Slaughter, project manager for Chester…
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DNB First House of the Week: Breathtaking Manor in Media
A breathtaking contemporary manor with six bedrooms and five full and three half bathrooms on a cul-de-sac is available for sale in Media. The home is approached through a gated entry leading to the circular driveway with a gorgeous fountain and three-car garage. French glass doors lead into the grand living and elegant dining room,…
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At Penn State, Happy Valley Becoming ‘Hockey Valley’
Standing in the shadow of Beaver Stadium, the 100,000-plus-seat venue for Penn State football, is Pegula Ice Arena, a 6,000-seat rink that is slowly transforming Happy Valley into “Hockey Valley,” writes Stephen Whyno for The Washington Post. Penn State alum Terry Pegula and his wife, Kim, gave more than $100 million to his alma mater…
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Medical Marijuana Use Won’t Show Up on Background Check, Hinder Gun Purchases
The Pennsylvania Department of Health will no longer make available to law-enforcement agencies a database with the names of medical marijuana patients, writes Sam Wood in the Philadelphia Inquirer. The state’s medical marijuana regulations had required the Health Department to post a database of participating patients’ names to an online portal used by 38,000 law-enforcement…
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