Commerce
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Delta Refinery in Trainer Posts End-of-Year Loss, but Forecasts $100 Million Profit in 2017
Delta Air Lines’ refinery in Trainer does not seem daunted by its posted loss of $125 million for 2016, as the company has already announced an expected profit of close to $100 million for this year, writes Linda Loyd for the Philadelphia Inquirer. “We are expecting the refinery to produce a profit of around $100…
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Proactive PECO to Inspect 39,000 Suburban Utility Poles This Year
PECO’s never-ending challenge to keep the lights on will become even more visible this year throughout suburban Philadelphia. The energy provider is set to inspect more than 39,000 utility poles for potential problems — and fix any issues it finds — in Bucks, Chester, Delaware, and Montgomery counties. The $3 million project is just a…
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As ‘Conscience of the Profession,’ Newtown Square Pharmacist Claims Industry’s Highest Honor
Over the course of 51 years, he has influenced more than 10,000 pharmacy students, stayed at the cutting edge of an evolving pharmaceutical industry, navigated ongoing ethics twists and turns, advocated for patients, and boldly confronted controversial issues. In return, a grateful American Pharmacists Association will reward Daniel A. Hussar’s life of service with its…
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Malvern Bancorp Reintroduces Insurance Subsidiary, Malvern Insurance Associates
The Paoli-based Malvern Bancorp, parent company of Malvern Federal Savings Bank, is reintroducing its insurance subsidiary, Malvern Insurance Associates, LLC. The company will offer commercial insurance; life, health, and long-term care insurance; and fixed annuities in its traditional Philadelphia Main Line geography and from its new offices in Morristown, N.J., and Quakertown. The Quakertown office,…
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Radnor’s VWR Acquires Canadian Manufacturer of Reagents for Chemical Analysis
Radnor’s VWR, a leading independent provider of product and service solutions to laboratory and production customers across the world, has acquired Seastar Chemicals, a Canadian manufacturer of high purity reagents used in the global research, laboratory, and microelectronics industries. Seastar is a global leader in quality in production of ultra-pure acid and base products that…
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SAP on Cusp of Hiring Bonanza as 150 New Jobs Headed for Delaware County
There are 150 new jobs coming to Newtown Square thanks to SAP, writes Joseph DiStefano for the Philadelphia Inquirer. The business software producer is planning to add 400 new jobs to its Pennsylvania locations, with 150 of them headed to its U.S. headquarters in Newtown Square. The Delco location already employs close to 3,000 people,…
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Greater Philly a Premier Breeding Ground for Life Sciences, Per Its $25 Billion Footprint
With its dozen-plus world-renowned research institutions and top biomedical programs, a healthy ecosystem of 1,200 small and large enterprises employing nearly 50,000 people, and $6.3 billion of investment activity, Greater Philadelphia is a breeding ground for life sciences innovation and leadership. That’s according to the new Greater Philadelphia Life Sciences Report, jointly put together by…
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Gov. Wolf Indulges with Visit to Indian Food Plant in Sharon Hill
Gov. Tom Wolf, a self-professed lover of Indian food, indulged with a visit to an Indian food plant in Sharon Hill on Monday, according to a staff report from CBS Philly. Wolf, who developed an affinity for Indian food while he was serving in the Peace Corps in India four decades ago, did not see…
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Sports Network Exec Joins Radnor’s SeventySix Capital as Entrepreneur in Residence
Radnor-based SeventySix Capital – a leading venture capital firm investing in game-changing companies in the e-commerce, retail, sports, media, and healthcare industries – has announced that Whistle Sports Network Executive Vice President Brian Selander will be joining it as an Entrepreneur in Residence. “Since 1999, SeventySix Capital has backed passionate, smart, and nice entrepreneurs like…
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Neumann University Chaplain Receives National Catholic Education Award
Reverend Stephen Thorne, the Neumann University Chaplain, has been selected to receive the 2017 Lead. Learn. Proclaim. Award from the National Catholic Education Association (NCEA) for his dedication and commitment to excellence. Fr. Thorne is one of 42 educators in the country chosen to receive the award. There are more than 150,000 teachers, administrators, and…
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Radnor’s Brandywine Realty Trust Has Bold Vision for Camden
Brandywine Realty Trust is laying out a bold vision to pioneer a desolate plot of land across the Delaware River from Philadelphia, and a new Camden, N.J., headquarters for Subaru of America is driving the plan toward reality. Brandywine Realty Trust aims to surround Subaru with 1.5 million square feet of new office space, a…
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Upper Darby Township Revisits Old Plans for Drexelbrook Hotel
After a five-year absence, developers at Drexelbrook Associates returned for a visit to the Upper Darby Township Council in connection to the 100-room hotel they haven’t yet built. Those plans to connect a Holiday Inn to the popular Drexelbrook Catering and Special Event Center are back on the calendar, according to a Daily Times report…
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Personal Income of Greater Philadelphia Residents Places Region Eighth in Nation
The personal income accumulated within the Greater Philadelphia area last year is enough to give each resident $57,173, if spread equally. That amounts to a total of $347 billion, and ranks the Philly metro as the eighth-wealthiest across the entire United States, according to a Philadelphia Business Journal report by G. Scott Thomas. The rankings…
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After 26 Years of Leadership, Elwyn President Announces Retirement
Elwyn’s corporate caregiver of more than a quarter-century will make her last rounds this year. Dr. Sandra Cornelius, Elwyn’s president, announced last week her plans for a June 2017 retirement, according to a Delaware County News Network staff report. Cornelius loved her work in Middletown Township so much that she stayed at Elwyn until age…
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Neighbors Appeal Proposed Opening of HEADstrong’s Respite Home in Swarthmore
The recently approved HEADstrong respite home in Swarthmore that plans to provide temporary housing for cancer patients and their caregivers has hit a roadblock in the form of the building’s neighbors, writes Rick Kauffman for the Daily Times. Homeowners living next to the South Chester Road building are taking both Swarthmore Borough Council and HEADstrong…
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SAP Demonstrates How Corporate Communications Can Be Gold Mine for Snapchat
Despite Instagram’s aggressive attack on Snapchat’s market share through the latest addition of Instagram Stories, some companies, like Newtown Square’s SAP, are instead opting for Snapchat, writes Melody Hahm for Yahoo! Finance. Jennifer Morgan, president of SAP’s North American division, has adopted the application, replacing town-hall-style meetings with easy-to-create, two-minute video updates and inviting her…
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Neumann University Prof Publishes Book on History of Williamson College of the Trades
Andrew Miller, a history instructor at Neumann University, is the author of a new book entitled Williamson College of the Trades. The book is a history of the Middletown Township school that Quaker businessman and philanthropist Isaiah V. Williamson founded in 1888 to provide financially disadvantaged young men with useful trades. To this day, the…
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Updates May Be Coming to Pennsylvania’s ‘Antiquated’ Property Assessments
Property assessments haven’t changed in suburban Philadelphia since the turn of the century or before. And after eight years in the making, updates to the rules that have enabled Pennsylvania to “become known for having the least regulated — and most antiquated — property assessment system in the country” are finally on the horizon, according…
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