Browsing Tag
Philadelphia
49 posts
Comcast (NASDAQ: CMCSA) job cuts deepen as $1bn-plus restructuring targets connectivity costs
Comcast is eliminating 634 positions at its Philadelphia headquarters as part of a wider organisational redesign that has already triggered hundreds of additional cuts across other US states. Yet the company also plans more than 1,100 new roles, exposing a deeper shift in skills, hierarchy and technology rather than a simple retreat in headcount.
Hanwha Defense USA wins $269m Navy landing ship contract as Philly Shipyard enters military shipbuilding
Hanwha Defense USA has secured a $269 million subcontract to build a medium landing ship for the US Navy, with options for three additional vessels. The award advances Hanwha's transition of its Philadelphia shipyard into a dual-use facility, but the commercial opportunity depends on construction performance, future Navy orders and the economics of its planned $5 billion industrial expansion.
GSK commits more than $800m to Pennsylvania hub and 300 new jobs
GSK plc is committing more than $800 million to expand its Upper Merion, Pennsylvania operations into an integrated biologics manufacturing and research hub, creating more than 300 jobs over five years while retaining about 4,500 existing positions across the state. The investment follows another $800 million Pennsylvania project announced in 2024 and gives GSK a larger United States manufacturing footprint as its specialty medicines pipeline expands.
Independence Realty Trust and Centerspace agree $8.1bn apartment REIT merger
Independence Realty Trust and Centerspace are combining in an all-stock transaction creating an $8.1 billion apartment REIT with more than 44,000 homes, while divergent share-price reactions highlight who investors initially viewed as receiving the clearer near-term benefit.
Zum opens Philadelphia operations center as driver hiring push tests rapid U.S. expansion
Zum Services, Inc. is building its Philadelphia driver base ahead of an August 24 school start, with its new operations center supporting at least 200 routes across roughly 330 schools as the private student-mobility company accelerates national expansion.
Why Future Standard handed its $94bn platform to former BlackRock executive Edwin Conway
Future Standard has appointed former BlackRock and Blackstone executive Edwin Conway as chief executive officer, while co-founder Michael Forman becomes full-time executive chairman. The transition gives Conway responsibility for converting the alternative asset manager’s acquisitions, new funds and international expansion into a more integrated global platform.
US heat wave puts 185 million under alerts as July 4 events are cancelled
A dangerous US heat wave has put 185 million people under alerts, cancelled July 4 events and strained power grids across major cities.
FIFA World Cup 2026 host cities explained: How US, Canada and Mexico will stage 104 matches
World Cup 2026 is a city operations test. Sixteen host markets must move fans, manage crowds and turn football into tourism value.
Indian national Anshul Kuncha shot dead in Philadelphia after pizza delivery to vacant apartment
A pizza order led Anshul Kuncha to a vacant unit. His killing now raises hard questions on delivery safety and immigrant worker risk.
AVCT entry at 86p is a bet on AVA6103: What Avacta Group investors should know
Avacta Group sets up a binary AVA6103 readout for late H2 2026. Here is what AVCT retail investors need to weigh before the data lands and runway runs.