Business

Column

Navy Yard returns to its roots while some Philly start-ups depart for the suburbs

Rob Frantz moved his growing firm, Kinetic Ceramics, from California to Philly's Navy Yard business center four years ago, seeking "innovation energy" with other young firms. Now he's opted to leave.

Medicare’s ‘Part B’ outpatient premium to rise by $3.90

by Associated Press

Medicare says its ‘Part B’ monthly premium for outpatient care will go up by $3.90 next year to $148.50. For most retirees, this will equal nearly 20% of the Social Security cost-of-living adjustment.

Medicare’s ‘Part B’ outpatient premium to rise by $3.90

by Associated Press

Fashion District and Cherry Hill Mall landlord PREIT posts $30M net loss amid bankruptcy restructure bid

by Jacob Adelman

The release caps a week that begin with Pennsylvania Real Estate Investment Trust filing a Chapter 11 bankruptcy petition as part of a restructuring bid.

Fashion District and Cherry Hill Mall landlord PREIT posts $30M net loss amid bankruptcy restructure bid

by Jacob Adelman

The release caps a week that begin with Pennsylvania Real Estate Investment Trust filing a Chapter 11 bankruptcy petition as part of a restructuring bid.

U.S. Steel’s once-mighty Fairless Works gets epic makeover to become e-commerce warehouses

by Katie Park and Jacob Adelman

Kansas City, Mo.-based Northfield Development has plans to invest $1.5 billion to develop 15 million square feet on U.S. Steel's former Fairless Works in Falls Township, Bucks County.

U.S. Steel’s once-mighty Fairless Works gets epic makeover to become e-commerce warehouses

by Katie Park and Jacob Adelman

Kansas City, Mo.-based Northfield Development has plans to invest $1.5 billion to develop 15 million square feet on U.S. Steel's former Fairless Works in Falls Township, Bucks County.

Singapore government fund joins $930M venture backing West Philly life-science projects

by Jacob Adelman

The newly formed venture between Ventas and Singapore’s GIC Pte. Ltd. will own 1.4 million square feet of lab-and-research space across four projects.

Unemployment drops to 6.9% and U.S. adds a solid 638,000 jobs

by Christopher Rugaber, Associated Press

U.S. employers added 638,000 jobs in October, a solid pace though far fewer than needed to regain most of the jobs lost to the pandemic recession just as new viral cases are setting record highs.

Philly’s cash-rich GoPuff buys West Coast’s BevMo delivery service for $350 million

by Joseph N. DiStefano

The seven-year-old Philly-based start-up will now operate coast to coast.

Pet Valu closing all U.S. stores; gift cards good until Dec. 13

by Erin Arvedlund

The owners blamed the pandemic for shuttering all U.S. stores.

New Jersey has legalized weed. Here’s why Pa. may take a different path.

by Sam Wood

The GOP remains opposed. But "if you’re to the right of South Dakota on anything, maybe you should rethink this,” said Lt. Gov. John Fetterman.

751,000 seek U.S. jobless benefits as COVID-19 hobbles economy

by Paul Wiseman, Associated Press

A surge in viral cases and Congress’ failure so far to provide more aid for struggling individuals and businesses are threatening to deepen Americans' economic pain.

Here are technologies that restaurants are using to survive COVID-19 and the winter

by Gene Marks, For The Inquirer

Key technology starts with the cash register and includes safety and cloud-based online ordering software that lets restaurants bypass DoorDash and other services. And don't forget the phone.

Wall Street bets on Biden win, GOP majority Senate, divided government, and smaller stimulus

by Erin Arvedlund and Joseph N. DiStefano

A Biden win and a GOP-controlled Senate means gridlock, and Wall Street likes that outcome.

Is the country ready for a single-passenger electric vehicle?

by Rob Nikolewski

Will a single seater sell in America?

Cleansing the body and spirit: Gold + Water Co. is Philly’s new handcrafted soap business

by Brandon T. Harden

“Soap is a vehicle to deliver the message that you are luxury. Your wellbeing is what’s most important," says Chartel Findlater, founder of Gold + Water.