entrepreneurship : In The News

Philadelphia has plenty going for it: the best four-man rotation in baseball, art worth fighting over, a ruin so elegant and haunting it feels like Berlin. It also has superb coffee. Recently, I went on a coffee crawl that took me to a handful of shops where the baristas aren't just tremendously skilled, they're disarmingly sweet-natured. I found an energetic scene thriving outside the gravitational pull of the hometown giant La Colombe Torrefaction.

I was in Philadelphia to check out the local Thursday Night Throwdown --TNT to insiders -- a monthly cappuccino-off where 32 baristas compete for glory (the winner gets his or her initials embroidered on a strip of denim) and a decent-sized kitty (from the entrance fees). The evening was three hours of steaming milk in front of a crowd plied with pizza and beer. A news crew taped the throw-down, maybe because one of the judges was Winston Justice, offensive tackle for the Eagles and co-owner of Elixr Coffee, the host of the contest. Later, a good number of the competitors and spectators adjourned to a dive bar with a drag show -- the $7 cover included a can of beer and a shot of Jim Beam. Fun town.

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.

He's a former outsourcing expert who was making "easily" six figures, Corea said, when Accenture Ltd. cut him loose in January 2009 after nearly 20 years.

A layoff that has led Corea where so many corporate refugees have opted to go for a second career act: operating a franchise business.

The franchise market is growing at an annual rate of 2%, said John A. Pearce II, endowed chairman of strategic management and entrepreneurship at Villanova's School of Business.

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: GigaOm

Read the full story here.

The young spitter states, "coming from the bottom, 2 years ago I was in my [expletive] cell hoping I wouldn't get 20 years... now I get out and take it to the next level"

Meek became one of Philadelphia's hottest underground rap artists on an independent label in 2007.

Repping North and South Philly, he released his Flamerz mixtape series and the single, "In My Bag," broke through to radio in his hometown.