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Absent deal, Phila. schools could close in January
2015-12-18 05:34:17| Electronics - Topix.net
Without a state budget, the Philadelphia School District could cancel classes for its 130,000 students as of Jan. 29, Superintendent William R. Hite Jr. says. "After that date," Hite wrote in a letter to staff this week, "our ability to keep schools open, issue paychecks, and pay bills is uncertain.
Tags: january
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Phila. icon Pep Boys being sold to Bridgestone
2015-10-27 09:20:52| Industrial Machines - Topix.net
Manny Moe & Jack, the iconic Philadelphia-based auto-parts and service store chain, has agreed to be sold to Bridgestone Corp., the Japan-based tire maker that owns Firestone stores. Bridgestone will pay $15 a share, or $835 million, for the 800-store, barely profitable company, which has 14,000 employees in 35 states and yearly sales of $2 billion.
Phila. biotech firm to defer executive bonuses
2015-08-31 20:45:14| Biotech - Topix.net
Hemispherx Biopharma said Monday it is deferring all executive bonus payments until the Philadelphia biotechnology company achieves manufacturing goals at it newly renovated plant in North Jersey. According to documents filed with the Securities and Exchange Commission, the employment contracts for both Carter and Equels include the opportunity this year to earn bonuses of up to 25 percent of their base salary.
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Ironworkers Dist. Council of Phila. & Vicinity Ret. & Pension Plan v. ...
2015-06-11 23:18:09| Chemicals - Topix.net
Ironworkers Dist. Council of Phila. & Vicinity Ret. & Pension Plan v. Andreotti, C.A. No.
Phila. biotech firm agrees to pay $2.75M settlement
2015-06-03 21:15:35| Biotech - Topix.net
A Philadelphia biotechnology company has tentatively agreed to pay $2.75 million to resolve a lawsuit brought by its shareholders, who allege the company made "material misrepresentations and omissions" regarding the status of a new drug application for its lead new drug candidate. The class action lawsuit was filed against Hemispherx Biopharma , which has spent more than three decades developing Ampligen for a variety of possible uses.
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