As Tel-Save stock rose, salaries soared
Article Abstract:
Tel-Save Holdings Inc. executives have seen their compensations increase to among the highest as stock of the long-distance service reseller soared. The company is one of the new kind of telephone service providers that purchase large volumes of phone service at a discount from large long-distance firms to offer to their clients. The stock of the firm, headquartered in New Hope, PA, rose from slightly more than $10 to more than $20 in one day on February 1997 on news it would advertise on America Online. However, Tel-Save shareholders who held onto their stock into mid-1998 failed to score gains as the price collapsed and closed at $12.50 on July 31, 1998.
Comment:
Executives see their compensations increase to among the highest as stock of the long-distance service reseller soared
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 1998
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Breweries discussing a merger
Article Abstract:
Independence Brewing Co. of Philadelphia, PA, negotiates possible merger with Pittsburgh Brewing Co., which produces Iron City, I.C. Light and J.J. Wainwright's beer brands. The merger talks, however, are still in preliminary stages, and may collapse anytime. Under the proposed deal, the two companies would consolidate under the Independence Brewing name. However, Pittsburgh Brewing investors would ultimately control the merged company because Pittsburgh is the bigger company. According to Independence President Robert Connor Jr., layoffs are not expected as a result of the merger. The companies' respective operations would also remain open.
Comment:
Negotiates possible merger with Independence Brewing
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 1998
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Fueling job growth? Part-timers
Article Abstract:
The recession in 2001 had made part-time employment grown more rapidly than full-time reversing the trend from the 1990s. The employers save on health-care costs and retain flexibility amid economic uncertainty by steering away from hiring full-time staff.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2004
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