$1.6 million in endowments reported gone from N.J. hospital

Article Abstract:

Up to $1.6 million in restricted endowment funds were misappropriated by the Rancocas Hospital. This is according to the office of the New Jersey Attorney General. Mark Siman, the assistant attorney general, stated that Rancocas utilized the funds for general operating costs and to pay off creditors. Rancocas attorneys explained to Superior Court Judge Harold B. Wells that Allegheny, the hospital's former owner, guaranteed it would repay the funds. Judge Wells gave Rancocas until December 21, 1998 to account for the money.

Legal issues & crime, New Jersey, Hospitals, Abstract, Rancocas Hospital

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Bermuda cruises from here may grow

Article Abstract:

Newtown Square, PA-based Apple Vacations announced that it has chartered a ship that it intends to use for as many as 26 trips beginning in 2000. Apple has chartered the Crown Dynasty, an 820-passenger ship the company wants to use for 22 to 26 round-trip voyages annually, between Philadelphia and Bermuda, according to President John J. Mullen. Apple currently charters a ship for Bermuda cruises from Celebrity Cruises. Celebrity has only six trips from Philadelphia scheduled this year, said Mullen.

Comment:

Newtown Square, PA-based Apple Vacations announced that it has chartered a ship that it intends to use for as many as 26 trips beginning in 2000.

Strategy & planning, Passenger Ships, Deep Sea Passenger Transportation, Pennsylvania, Passenger vessels, Apple Vacations

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