Philadelphia Business Journal articles from September 1995

Philadelphia Business Journal archives from September 1995

Closed hospital may be reborn. (Charter Fairmount Behavioral Health System's hospital in Center City, Pennsylvania)
September 29, 1995... Charter Fairmount Behavioral Health System wants to move its 169-bed psychiatric hospital from Northwest Philadelphia to Center City. In a letter of intent filed recently with the Pennsylvania Department of Health, Charter officials indicated...

Wrench thrown into Peco bid for PP&L utility. (Peco Energy Co.; PP&L Resources Inc.)
September 29, 1995... The Pennsylvania Public Utility Commission just made Peco Energy Co.'s threatened hostile takeover of PP&L Resources Inc. a more difficult proportion. The regulatory panel allowed a 4.5 percent $107 million rate increase for Pennsylvania...

At AND 1, they're young, brash and turning 'Trash' into dollars. (basketball apparel company)
September 29, 1995... "You never say 'foul' on the basketball court. You say 'And 1,'" Seth Berger is explaining to a visitor as he sits slouched deep in his chair in the conference room of AND 1's cramped Wynnewood office. On the court, "And 1" means you've made...

DRPA is trying economic development again. (Delaware River Port Authority)
September 29, 1995... Economic development funding appears safe again at the Delaware River Port Authority - in the wake of the much-heralded last-minute efforts to bring German shipbuilder Meyer Werft to the Philadelphia Naval Shipyard. Immediately after the DRPA...

Unique idea for old thrift: a new branch. (Beneficial Mutual Savings Bank)
September 29, 1995... Beneficial Mutual Savings Bank, a 142-year-old financial institution that firmly embraces traditions - from its Catholic heritage to its trademark passbooks - has taken a bold, some would suggest even contrarian, step. Beneficial has opened...

Group laying groundwork for international trade. (Waterfront Renaissance Associates)
September 29, 1995... A partnership licensed to develop a World Trade Center in Philadelphia is working with nonprofit and government groups to provide assistance to international businesses before putting bricks and mortar together. Waterfront Renaissance...

The Body Shop founder seeks site for her biz school with heart. (Body Shop International PLC; Anita Roddick)
September 29, 1995... "I would have slit my wrists to think (years ago) that I would be part of corporate America or corporate Europe," Anita Roddick, founder and chief executive officer of The Body Shop International plc, told an audience of 150 people gathered...

Medigroup HMO shortens name and makes peace with a rival. (Medigroup HMO of Pennsylvania Inc.; U.S. Healthcare Inc.)
September 29, 1995... If you are planning to start a new health maintenance organization in this area, be careful what you name it. For the second time in the last two years, U.S. Healthcare Inc. has filed a trademark infringement suit against a competing HMO....

Doctor's plan for partnership with Montco Hospital collapses. (Dr. Francis J. Bonner, Jr; Montgomery County Hospital)
September 29, 1995... NORRISTOWN - Montgomery County officials will have to find a new tenant for the portion of the former Sacred Heart Hospital it wants to rent. Dr. Francis J. Bonner Jr., citing his inability to raise sufficient capital, has dropped out of a...

Gobble gobble gone. (dismissal of employees)(Column)
September 29, 1995... When is the best time to be notified that the place you go to each day - that place with the desk and the computer and the telephones that won't stop ringing; that place with people wearing the same clothes as you do and driving cars that don't...

N.J.: strong partner and competitor. (New Jersey)(Editorial)
September 29, 1995... A few months ago, I wrote a column criticizing the Whitman administration's economic development team for overlooking opportunities to attract business to South Jersey. My specific complaint was that after Scott Paper Co. invited...

Fed goes after immigration control activists.
September 29, 1995... Is the federal government trying to intimidate and silence grassroots movements working for immigration control? Last year, only three days before Californians voted on Proposition 187 to deny illegal aliens welfare benefits, the woman known as...

Complicated issue: facing taxes.(Column)
September 29, 1995... No one enjoys paying taxes once, let alone twice. But companies may be hit with overlapping tax bills from operations in several countries and never realize it, unless a coordinated effort examines costs, pricing, income flows and other...

How computers enable the disabled to find jobs.(Human Resources)
September 29, 1995... Call it leading by example. For almost 20 years, the Aston-based Center for Information Resources has been providing vocational training for people with disabilities to prepare them for careers in computer-related professions, such as...

Contingent work force is a lot smaller than you think.(Human Resources)
September 29, 1995... After wave after wave of corporate downsizings, lots of anecdotal information indicated that few companies were hiring full-time workers while beefing up the number of people working on a contingent basis. But up until recently, there was...

SEC wants to move compensation data out of proxies.(Human Resources)
September 29, 1995... In an attempt to provide a more user-friendly method of disseminating public information regarding executive and director compensation to shareholders, the Securities and Exchange Commission has proposed a series of changes to its disclosure...

Business owners want to adjust, not abandon, affirmative action.(Human Resources)
September 29, 1995... Rejecting legislative calls for an end to affirmative action, minority business leaders in the Philadelphia area suggest that what those programs need are more inclusion and oversight. Many indicated a belief that the public at large has a...

Labor pool dictates need for flexibility.(Human Resources)
September 29, 1995... Even in retirement, Shaun F. O'Malley is keeping an eye on the work force diversity and other human resource campaigns that were among the hallmarks of his term as chairman of Price Waterhouse. From an office near that of new chairman Jim...

Creating a healthy, productive office environment.(Commercial Real Estate Leasing Guide)
September 29, 1995... Designing new office space is no longer a simple task. Long gone are the days when an office was considered complete with an elephantine gray metal desk, a rusty old file cabinet and a bookcase. With rapidly changing technology and the...

Leasing commercial real estate? Consider a tenant representative.(Commercial Real Estate Leasing Guide)
September 29, 1995... Navigating the turbulent waters of a corporate real estate deal can be more trouble than you could ever imagine. There is a lot more than location and curb appeal to be considered before a buyer or tenant can make an educated decision. The...