In The News

South Jersey robotics team goes international

NJ.com Tuesday, May 17, 2011

NJ.com reports on Salem County's LuNaTecs robotics team, which took top honors at a national competition held at the Liacouras Center, advancing to the international competition.

PSEG, DuPont and Boeing sponsored FIRST robotics Team 316, the LuNaTeCs from Salem County, along with 55 other high school robotics teams from across the country as they competed in the FIRST Robotics Philadelphia Regional Competition on April 8 and 9 at the Liacouras Center at Temple University here.

After two days of stiff competition, the LuNaTeCs, along with 23 other teams, advanced out of the qualifying rounds and into the quarterfinal matches. Perhaps many did not expect Team 316 to do too well since they were ranked 23rd coming out of the qualifying rounds so it was no wonder that such a shocked hush fell on the packed stadium when the LuNaTeC's alliance beat the No. 1 and No. 2 seeded teams.

Source: NJ.com
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Cigna marks 52 percent profit in Q1

The Associated Press Tuesday, May 10, 2011

Philadelphia based insurance giant Cigna Corp. exceeded first-quarter expectations due to lowered medical claims and increased international business, according to The Associated Press.

Cigna Corp.'s first-quarter net income jumped 52 percent as medical claims fell, the international business grew again, and it raised its 2011 profit forecast like other big health insurers that also beat expectations for the quarter.

The Philadelphia company said Thursday earnings in health care, its largest segment, climbed 47 percent, and premiums and fees from its international business rose 32 percent, fueled in part by the purchase of the Belgian company Vanbreda International last year.

Source: The Associated Press
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Thomas Jefferson researchers unlock mystery of Multiple Sclerosis

Daily Mail (UK) Tuesday, April 26, 2011

Researchers at Thomas Jefferson University, working in tandem with University of Zurich scientists discover a chemical thought to be a vital piece in the Multiple Sclerosis puzzle, according to The Daily Mail.

In a major breakthrough in the battle against the devastating disease, researchers have pinpointed the chemical 'driving force' behind MS.

Without it, the disease does not develop. And when it is mopped up, symptoms are greatly eased, even in brains already ravaged by the illness.

The results come from experiments on mice but the researchers say they are 'quietly optimistic' that taking the same tack will help people with MS. The first trials on patients are penciled in for later this year.

Source: the Daily Mail (UK)
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Show goes on for Philadelphia Orchestra despite filing bankruptcy

The New York Times Tuesday, April 19, 2011

The New York Times reports on the not-quite unanimous move to file for bankruptcy and the spirit of playing on as the Philadelphia Orchestra regroups.

The Philadelphia Orchestra's program Saturday night was to include music from the Berg opera "Lulu," and the ensemble hopes to avoid the protagonist's tawdry end. The board of the Philadelphia Orchestra's program voted Saturday to file for bankruptcy protection under Chapter 11. Unlike Lulu, who died at the hands of Jack the Ripper, the orchestra will live on, rehearsing and continuing to give concerts while a bankruptcy court judges considers the case.

Source: The New York Times
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Comcast launches fastest internet service yet

Techspot Tuesday, April 19, 2011

Comcast announces the rollout of its much anticipated Extreme 105 Xfinity Internet Service, according to Techspot.

Comcast has finally announced the initial availability of its Extreme 105 Xfinity Internet service, which is currently available to 40 million homes in major markets such as Baltimore, Boston, Chicago, Denver, Indianapolis, Miami, Philadelphia, Portland, Salt Lake City, San Francisco, and Washington DC.

First introduced last May, the service delivers download speeds of up to 105Mb/s (10Mb/s upstream), which is a substantial boost over the company's previous 50Mb/s service. According to the company's figures, you can download an HD movie in five minutes and a standard-def TV show in 20 seconds.

Source: Techspot
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J&J plans to buy Chesco's Synthes for $20B

Reuters Tuesday, April 19, 2011

Johnson & Johnson plans to buy West Chester-based Synthes, and the deal may usher in future medtech investment, according to Reuters.

Johnson & Johnson's plan to buy Synthes for some $20 billion may mean more deals in the sector as rival medical technology firms try to bulk up in tough times, though antitrust issues are a hurdle.

A weak economy and high unemployment have hit sales of medical devices hard, since patients have to take time off and, in the United States, dig deep into their own pockets to help pay for procedures such as knee replacements.

As a result, more and more companies are looking at acquisitions as a way to add new avenues of growth.

Source: Reuters
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Villanova prof creates chip to assess concussion

National Post Tuesday, April 12, 2011

New technology to electronically assess head trauma is being developed by Villanova University engineering professor, according to the National Post.

A mechanical engineering professor in the United States hopes technology he is helping to develop -- a chip that can analyze the brain's electrical "signature" -- will allow athletic trainers to diagnose concussions as they occur on the field of play, in real time.

Dr. Hashem Ashrafiuon, who works at Villanova University's College of Engineering in suburban Philadelphia, has been using similar software in a study of post-traumatic stress disorder with the U.S. military. It has not been tested in sports, but he said the application would be obvious.

Source: National Post
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Baltimore thinks PIFA's April in Paris feeling is daytrip worthy

The Baltimore Sun Tuesday, April 12, 2011

The Philadelphia International Festival of the Arts is worth a trip to experience the French Arts connection, according to the Baltimore Sun.

If you want to spend April in Paris but can't afford it, a short hop to Philadelphia may at least give you that French feeling.

After nearly three years of planning, the city kicks off the first Philadelphia International Festival of the Arts this weekend, featuring 1,500 artists and 135 exhibits, performances, lectures and films, all paying homage to Paris.

Source: The Baltimore Sun
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New genetic clues to Alzheimer's discovered by Penn med school researchers

NPR Tuesday, April 12, 2011

Researchers at the University of Pennsylvania School of Medicine discover more genes that may be linked to Alzheimer's, according to NPR.

Two groups of researchers have scanned the genomes of thousands of individuals, looking for clues to genes involved in Alzheimer's disease. Gerard Schellenberg of the University of Pennsylvania explains how locating those genes could lead to new ways to treat or prevent the disease.

Alzheimer's disease is one of medical science's big mysteries, of course. It's difficult to diagnose. We don't really know what causes it, if there is any single cause. We have no real cure for it.

Well, writing this week in the journal Nature Genetics, researchers may have found some new clues to the disease. Two big consortia of researchers, one in the U.S., one in Europe, have sifted through the genomes of thousands of Alzheimer's patients and have come up with a handful of genes that seem to be linked to the condition.

Source: NPR
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Young, involved Philly: City has second-largest rise in young professionals nationally

USA Today Tuesday, April 05, 2011

The USA Today reports the young professional population is on the rise in urban centers, especially in Philadelphia, which saw a 57 percent increase among college-educated 20- and 30-somethings.

In more than two-thirds of the nation's 51 largest cities, the young, college-educated population in the past decade grew twice as fast within 3 miles of the urban center as in the rest of the metropolitan area - up an average 26 percent compared with 13 percent in other parts.

"This is a real glimmer of hope," says Carol Coletta, head of CEOs for Cities, a non-profit consortium of city leaders that commissioned the research. "Clearly, the next generation of Americans is looking for different kinds of lifestyles - walkable, art, culture, entertainment."

Source: USA Today
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Funders, corporate sector love the Drexel Smart House

Forbes Monday, April 04, 2011

The Drexel Smart House has gone national and is building support, with presentations to student and professional groups, according to Forbes.

A student-run group that operates much like a business, the Drexel Smart House was founded four years ago with the intention of exploring cutting-edge technologies that are environmentally friendly, using an actual house as a testing ground.

As their success grows, the passionate and dedicated students who run this project continue to offer pearls of wisdom for the sustainable business community. An ambitious and complex initiative like this one requires a hefty amount of funding, which the students have been successful at receiving both from Drexel University and outside sources. Most recently, when I checked in with one of the student group's organizers, Amanda Moser, I found that its funding strategy appealed to companies looking to get customers to take a chance on sustainable technologies or initiatives.

The group learned to frame its funding conversation in terms that its audience would care the most about. For instance, according to Drexel Smart House President Cody Ray, "We recognized that (Drexel University) President John Fry was interested in community engagement and development. So, we offered Drexel Smart House as a platform for him to build upon to achieve his objectives."

Source: Forbes
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eBay acquires King of Prussia's GSI Commerce for $2.4B

GigaOm Tuesday, March 29, 2011

Online auction giant eBay announced it will acquire GSI Commerce, a leading provider of eCommerce and interactive marketing services, according to GigaOm.

Auction giant eBay said today that it will buy GSI Commerce, a King of Prussia, Pa.-based provider of e-commerce and marketing services for a whopping $2.4 billion in cash and debt. The deal is part of eBay's continued makeover from an auctions-oriented company to an e-commerce platform.

Source: GigaOm

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One Philly rapper's 'Freeway' to Islam, art

CNN Tuesday, March 29, 2011

Philly rapper Freeway talks about how Islam shaped his life and career, according to CNN.

It's noon on a Friday, and the parking lot at Al-Aqsa Islamic Society in North Philadelphia is quickly filling up.

One of Philadelphia's best-known rap artists, Freeway, jumps out of a black sport utility vehicle and dashes through the pouring rain to the prayer hall inside.

Islam has been a part of his life since he was a teenager. Yet it wasn't until adulthood that his faith changed who he was an artist.

Source: CNN

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Big Willie Style: Smith saves the day with donation of computers for West Philly HS

ABC News Tuesday, March 22, 2011

Actor and rapper Will Smith provided 30 computers to West Philly High School, according to ABC News.

Will Smith is donating replacements for 30 stolen computers to a high school in West Philadelphia, where he was born and raised.

The Will and Jada Smith Family Foundation and the Charlie Mack Cares philanthropic organizations are giving 29 Apple laptops and one desktop to West Philadelphia High School.

Source: ABC News
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NoLibs residential development transforms the split-level

Architectural Record Tuesday, March 22, 2011

New residential construction in Northern Liberties transforms the traditional split-level so that each room expands vertically as well as horizontally, according to Architectural Record.

The Northern Liberties neighborhood, just north of Center City in Philadelphia, used to be a decrepit Rust Belt remnant, but it now attracts the artist crowd. Over the past decade that crowd has come, stayed, become organized, and turned the neighborhood into a vibrant community that honors its local history while allowing a modern sensibility to permeate new design. Architect Kevin Angstadt, principal of Qb³, has completed three projects in the neighborhood, and he says his latest, Split-Level House, could not have been accomplished without the forward-thinking neighborhood association of Northern Liberties.

Source: Architectural Record
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