[Update 4:20 p.m.] CNBC is now reporting that a source has told them that Comcast is planning to drop its plan to merge with Time Warner Cable.
[Original] Comcast is planning to drop plans for its $45.2 billion merger with Time Warner Cable, according to Bloomberg. It cites “people with knowledge of the matter” and said an official announcement could come as soon as Friday.
A Comcast representative declined to comment. Read more »
The Spot parking app is coming to Philly.
Picture this. You’re driving around Center City looking for a parking space. Forget about finding a free one, that’s just not going to happen. So you look for a metered spot. No luck. After 15 minutes of circling the block, you give up and park in a garage or lot.
When you exit the lot, you pass a private parking lot that’s empty. Why couldn’t I have just parked there? Soon, you’ll be able to with Spot. Read more »
Teva Pharmaceuticals has offered to acquire Mylan N.V. for $82 per share — or approximately $40 billion. Teva is an Israeli company that employs 2,000 people at its U.S. headquarters in North Wales, Pa. It’s unclear how the possible merger would affect those workers, and a Teva representative declined to comment.
The deal would create the world’s largest maker of generic drugs by sales, the Wall Street Journal reports. Read more »
Antitrust lawyers from the U.S. Dept. of Justice are set to recommend blocking the $45.2 billion Comcast–Time Warner Cable merger, according to Bloomberg. They’re concerned that such a large company would harm consumers, Bloomberg reports, citing “people familiar with the matter.”
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Tom McGrath, Philly Mag editor, here. Over the last few years Philly Mag has undergone tremendous growth and change — with a lot of that change originating right here on phillymag.com.
In January we launched Citified, our politics and urban affairs channel, which people around the city have been buzzing about. Last fall we unveiled a digital Sunday edition, which has quickly become a must-read for people subscribing to it (you can sign up here). We’ve done more and more when it comes to live events, including our annual ideas conference, ThinkFest, and our annual fitness event, Be Well Philly Boot Camp (reserve your spot now for this June’s boot camp). And this is to say nothing of the other channels — from Shoppist and Ticket to Wedding and Birds 24/7 — that we’ve created to cover Philly on a daily basis. Read more »
Florida Gov. Rick Scott waves after the swearing in for his second term as governor of Florida at the Florida state capitol in Tallahassee, Fla., Tuesday, Jan. 6, 2015. The inauguration took place in front of the Old Capitol. (AP Photo/Mark Wallheiser)
Florida Gov. Rick Scott will be in Pennsylvania next week, ostensibly on a mission to steal businesses from the state and take them back to his sunny home. The odd thing is, some of Pennsylvania’s leading business and conservative organizations are cheering him on.
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Illustration courtesy of Shutterstock.
As business owners we sure like to complain, don’t we?
We complain about collecting cash and the price of supplies and the state of the economy and the dog-eat-dog competitive world we live in. But there’s fantastic news if you’re a business owner: Mayor Nutter recently came out in support of a city law that would require us to provide up to five days of paid sick leave to our employees, even for companies with as few as 15 employees.
Wait. Fantastic news?
How can this be fantastic news for a business owner? That’s because you’re just not getting it. Providing paid sick leave will benefit our companies in at least ten ways:
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Yesterday in City Council, some of the leading advocates of lower wage and business taxes showed up at a hearing for Councilman David Oh’s quixotic (and politically doomed) bid to lower the wage tax from 3.92 percent to 2.09 percent by 2025. Read more »
Forty years after the original Brady Bunch series was cancelled, Florence Henderson, the actress who played mom Carol Brady on the show, has signed on as the spokesperson for Medical Guardian, a medical alert company (Think: “I’ve fallen, and I can’t get up!”) based in Philadelphia. Read more »
Photo by Ildar Sagdejev via Wikimedia Commons
If you have kids, you no doubt are familiar with Five Below, the Philadelphia-headquartered chain of strip mall stores selling mostly toys and small household goods for $5 or less. Five Below was started in Wayne, Pennsylvania, in 2002 by Encore Books and Zany Brainy founder David Schlessinger and today boasts some 350 locations in 20 states. The company went public in 2012. And now Five Below and Schlessinger, among others, are named in a federal suit filed in Philadelphia alleging securities fraud. Read more »