Philadelphia Business Journal articles from December 1995

Philadelphia Business Journal archives from December 1995

PNC digging deeper roots in Phila. (PNC Bank Corp.)
December 22, 1995... It looks like Philadelphia is on the winning side of one of the year's biggest real estate deals - two separate but interrelated negotiations for new headquarters and operations space appear to be paving the way for PNC Bank Corp. to remain and...

A sense of emergency at Pew and William Penn. (The Pew Charitable Trusts; William Penn Foundation)
December 22, 1995... Rebecca Rimel's emergency room training has come in handy recently, even though she gave up the profession in 1983 to administer the health program at the Pew Charitable Trusts. Rimel, now president of Pew, the region's largest philanthropic...

A new facade for an awakening city. (Casino Reinvestment Development Authority projects for Atlantic City, New Jersey)(Special Section: South Jersey Business Journal)
December 15, 1995... ATLANTIC CITY - For many years, visitors approaching this seaside gaming community have exited the Atlantic City Expressway only to be smacked with inner-city squalor. But now the entrance to "lady luck's" city is getting a make-over, thanks...

Dexterity Tech helps people to get a grip. (Dexterity Technologies Corp.)
December 15, 1995... SOUTHAMPTON, Pa. - Carl Bistrack is the first to admit his company's product doesn't have the glamour of a Rolls Royce or the pizazz of a Jacuzzi. "We sell pencil grips," he said. "It's not very exciting, but they are unlike anything else in...

Camden awaits benefits of riverfront development.(Special Section: South Jersey Business Journal)
December 15, 1995... CAMDEN - Traffic was jammed for two hours along the Camden waterfront after the sold-out Jimmy Buffett concert in August. A line of cars stretched from the parking lot of the Blockbuster-Sony Music Entertainment Centre all the way along Third...

Bell Atlantic-New Jersey faces prospect of local competition.(Special Section: South Jersey Business Journal)
December 15, 1995... The New Jersey Board of Public Utilities last week proposed rules to ease the path for competition in the local toll telephone market throughout the state. The Dec. 7 ruling would allow competitors to Bell Atlantic-New Jersey, such as AT&T...

General Signal Corp. merges forming General Signal Network. (merger of General Signal Corp. and Data Switch Corp.)(Special Section: South Jersey Business Journal)
December 15, 1995... MOUNT LAUREL - General Signal Corp. has merged with Data Switch Corp., creating a new unit combining the operations of its Telenex Corp. subsidiary based here with Tautton, its subsidiary in Westford, Mass., and Data Switch. The new unit,...

Mercy Health is laying off 195; blames growing competition. (Mercy Health Plan)
December 15, 1995... Mercy Health Plan, the region's largest Medicaid managed-care company, is laying off 195 employees - about 26 percent of its total work force - in a cost-cutting move resulting from increased competition in its segment of the managed-care...

Senior Care to expand service at six adult day-care centers. (Senior care Centers of America Inc.)(Special Section: South Jersey Business Journal)
December 15, 1995... MOORESTOWN - Since its inception, Senior Care Centers of America Inc. - an operator of adult day-care centers - has provided free transportation to clients who needed to get to medical appointments. Now the Burlington County-based company is...

European policy plays well for Chalfont company. (EU's Quality Certification for electromagnetic products; KEMA-Registered Quality Inc.)
December 15, 1995... CHALFONT - A European Union requirement that all electromagnetic products sold in EU nations bear a European Quality Certification, or CE mark, by Jan. 1 means business is booming for the only local company qualified to issue the mark. "The...

Despite concessions, PNI's cost cutting to continue. (Philadelphia Newspapers Inc.)
December 15, 1995... Having gained more than $5 million in annual concessions from its labor unions, Philadelphia Newspapers Inc. must now execute a strategy of continued cost-cutting while simultaneously rebuilding morale and readership at its two daily...

For inventor, 'rock-a-bye baby' is an anthem. (Relax Inc. owner Ron Brawer)
December 15, 1995... GLENSIDE - Although he's only been a parent for five months, entrepreneur Ron Brawer knows a thing or two about consoling crying babies. Brawer is the owner of Relax Inc., a 2-year-old Montgomery County company that specializes in products...

Drury's land near Exton bypass is in demand. (office development in Chester County, Pennsylvania)
December 15, 1995... WEST CHESTER - For John Drury of Drury Development, the local office development game has been a matter of timing. When other local developers were crunching numbers trying to find ways to survive the recent real estate downturn, Drury was...

Zany Brainy storming ahead to keep its edge. (toy store chain)
December 8, 1995... WYNNEWOOD - David Schlessinger bought a computer for his 4-year-old son's birthday last week and made the same realization that many of his customers will come to this holiday season. "We should have done this last year," Schlessinger said....

Advanta expects to hire 1,000 during 1996. (Advanta Corp.)
December 8, 1995... HORSHAM - Whether it's hundreds of jobs eliminated as part of a corporate restructuring or thousands of layoffs resulting from a large merger, it's now common to read about companies showing employees the door. But while the door swings out...

HUsband and wife team travels for fun and profit. (travel guide publishers David and Linda Glickstein)
December 8, 1995... After about 20 years working for such regimented railroad companies as Conrail Inc., David Glickstein had intended to retire early and spend time reading and tending peonies at his Chestnut Hill home. But the seeds for the new chapter in the...

Main Line Federal sends a message. (Main Line Federal Savings Bank agrees to buy Suburban Federal Savings Bank)
December 8, 1995... VILLANOVA - Main Line Federal Savings Bank's agreement to buy Suburban Federal Savings Bank of Collingdale didn't exactly set Wall Street abuzz. Then again, Delaware County isn't the center of high finance. And Main Line, with $1.6 billion in...

Roy F. Weston Inc. sees lots of green in urban brownfields.
December 8, 1995... When Richard J. O'Connor sees an abandoned inner-city industrial site, he is not dismayed by yet another example of urban blight. O'Connor, vice president of corporate development for environmental services firm of Roy F. Weston Inc., sees...

Ben Franklin program targets research on recycled materials. (Ben Franklin Partnership program in Pennsylvania)
December 8, 1995... After Pennsylvania mandated recycling in more than 400 communities in 1988, policymakers began to consider how to enhance the markets for recycled materials. One state-funded program is investing Pennsylvania companies that are trying to...

Lynch to resign at Midlantic after its merger with PNC. (Midlantic Corp. executive vice president James J. Lynch; PNC Bank Corp.)
December 8, 1995... James J. Lynch, who as president led Philadelphia's Continental Bank to its merger with Edison, N.J.-based Midlantic Corp. and stayed to oversee the regional bank's operations here, will not follow Midlantic into its next evolution. Lynch,...

Thermal Pure wins court OK, but faces financial fight. (BioMedical Waste Systems Inc.'s Thermal Pure waste processing plant in Chester, Pennsylvania)
December 8, 1995... CHESTER - The Pennsylvania Supreme Court granted a reprieve to a medical waste processing plant here, but some say the court decision ultimately may be too little too late for the company that owns it. In a decision issued Nov. 22, a panel of...

North Phila. Health System seeks to raise $30 million.
December 8, 1995... Looking to ease its suffocating debt load, North Philadelphia Health System is considering a plan to restructure its old debt by floating a new $30 million to $35 million bond issue that would be backed by the Federal Housing Authority's...

It's only rock 'n' roll but Telebase Systems likes it. (Telebase Systems Inc.'s Rolling Stones World Wide Web site)
December 8, 1995... WAYNE - "Welcome to Stones World!" says the familiar thickly-accented British voice. Yes, it's Mick Jagger. No, it's not MTV. Jagger's compact disc-quality voice emanates from any computer that hits Wayne-based Telebase Systems Inc.'s new...

Peco finds a buyer for its Adwin Realty subsidiary. (Peco Energy Co.)
December 8, 1995... LESTER - Peco Energy Co.'s real estate subsidiary accepted a letter of intent from a consortium of investors interested in buying its portfolio. The move last month came nearly two years after Peco began its marketing of the Adwin Realty...

Occupancy on the rise for Tinicum Park. (Tinicum Industrial Park)
December 8, 1995... LESTER - Patricia Brennan, president of Tinicum Properties Associates LP, is optimistic that the occupancy rates at Tinicum Industrial Park will continue to increase. This has been a very good year so far, with more than 110,000 square feet...