Philadelphia Business Journal
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Wegmans in Montgomery Mall to Go Up for Sale
The Wegmans in the Montgomery Mall has recently been put up for sale, writes Natalie Kostelni for the Philadelphia Business Journal. Its “for sale” sign…
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Midnight Madness May Dawn Again After Purchase by Philadelphia’s New Liberty Distilling
Philadelphia distiller New Liberty has become the top bidder for the former Midnight Madness spirits producer in Trumbauerville, which declared bankruptcy this past summer. Laura…
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Custom Golf Club Fitter Opens New Location in King of Prussia
Golf club manufacturer and apparel retailer PXG has recently opened a facility in King of Prussia that allows customers to get fitted and test out…
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Villanova University Sees Huge Endowment Gains Despite Pandemic Woes
The pandemic may have created a financial crisis at local colleges and universities, but a year later you’d never know it, as favorable markets and…
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Host of ‘Mad Money’ Returns to Pa., Deeply Invested as a Quakertownian
After spending decades living in New York, Jim Cramer, host of CNBC’s Mad Money has settled in Quakertown. Jeff Blumenthal covered Bucks County’s newest high-profile…
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Crown Holdings, Inc., Yardley Beverage Can Manufacturer, Embarks on Stock Buyback Program
Crown Holdings, Inc., of Yardley, is purchasing back $3 billion in shares from its stockholders. The manufacturer of cans for beverage producers like Heineken and…
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Warminster’s Arbutus Biopharma Strikes Licensing-Partnering Deal with Chinese Pharma Firm
Arbutus Biopharma, Warminster, has entered a $300 million licensing and partnership deal with a Chinese biopharmaceutical firm. enters into $300M deal for experimental hepatitis B…
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Jay Wright’s Not Going Anywhere, Villanova President Says
You can ignore the rumors. It’s highly doubtful that Villanova University basketball coach Jay Wright is going anywhere, says Villanova President Peter Donohue, writes Kennedy…
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Facing a Trio of Growth Strategies, OrthogenRx, Doylestown, Opts to Accept Acquisition Invitation
OrthogenRx Inc., which has been weighing a trio of options for its financial future, decided to accept a buyout offer from a medical equipment manufacturer…
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Airline’s Ready to ‘Spirit’ You Away on 7 New Nonstop Routes Out of Philly
Spirit Airlines has seven new nonstop routes across the US and the Caribbean flying out of Philadelphia International Airport, writes Laura Smythe for Philadelphia Business…
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With Omicron Variant Now in the U.S., Could Exton-Based Immunome’s ‘Antibody Cocktail’ Be the Neutralizer?
Exton-based Immunome has submitted an application with the FDA to start human testing its “antibody cocktail” as a potential COVID-19 treatment, writes John George for…
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Wawa Is Tops in PA for Revenue Among Private Firms, 29th in the Nation
From humble beginnings in Delaware County, Wawa has now grown into the largest privately owned company in Pennsylvania based on revenue. It is the 29th…
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Montgomery Mall Sells for $55 Million to a New York Firm in Foreclosure Sale
Kohan Retail Investment Group, a New York-based shopping mall investment company, has bought Montgomery Mall in a foreclosure sale for $55 million, writes Natalie Kostelni…
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Johnson & Johnson to Separate Into Two Businesses
Johnson & Johnson will separate into two public companies, writes John George for the Philadelphia Business Journal. One company will focus on consumer health products,…
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‘Value Props,’ AJ Bruno Interview Show, Aims High in Taking Guests Out of Their Comfort Zones
For his new interview show, QuotaPath CEO AJ Bruno aims to take local sales executives out of their comfort zones. He’ll do this not through…
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Annual Philadelphia Salary of $100,000 Goes Further Here Than in Most of 50 Largest U.S. Cities
The quality of life achievable on a $100,000 annual salary varies significantly depending on the state and city of residence. But locally, a Philadelphia salary…
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Career Corner: Look For These 4 Red Flags Behind a New Job Offer
When looking for jobs you might not think much about your role in the company beyond what the job posting described. But looking into how other roles…
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Bob Marino, New President of Huntingdon Valley Bank, Seeks to ‘Capitalize on the Upheaval’ of Banking M&As
Bob Marino, new president of Doylestown-based Huntingdon Valley Bank, is wasting no time in targeting growth. He’s now staffing up with seasoned professionals to grow…
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