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47°
Tuesday, feb 25
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Investment
Business
'Shark Tank' Looking For Next Big Investment In Philly: Here's How You Can Pitch
Innovators, it’s time to sink or swim with the Sharks in the Fishtown section of Philadelphia. The hit ABC television show "Shark Tank" will hold an open casting call in Philly on Friday, Apr. 11. The Emmy-winning program will host it at The Event Center at Rivers Philadelphia, in partnership with Philly's ABC affiliate WPVI-TV. This will be the first "Shark Tank" casting call in the city since 2017. "We’re eager to return to Philly after so many years to see how the entrepreneur community has grown," said Mindy Zemrak, the supervising casting producer since the show debuted in 2…
Business
Denny's Closing 30 More Restaurants Than Planned: Here's Why
Denny's will close 30 more restaurants than expected, as the diner chain accelerates its efforts to shutter underperforming locations. Denny's will shut down between 70 and 90 restaurants in 2025, the company said in a news release and earnings call on Wednesday, Feb. 12. The chain closed 88 restaurants in 2024, bringing the total to nearly 180 closings expected by the end of 2025. While Denny's hasn't revealed which restaurants are on the closing list, the already shuttered locations were open for an average of 30 years. "In any mature brand, when restaurants have been opened that lo…
News
Owner Of Health Network Sued For Cutting Services, Closing Facilities: PA AG
The company that owns a Delaware County health care network is being sued after its mismanagement resulted in cut services and closures of facilities, the Pennsylvania Attorney General's Office announced on Tuesday, Oct. 29. Prospect Medical Holdings Inc. is facing a lawsuit for its years of neglect of the Crozer Health System, according PA AG. The lawsuit claims that Prospect Medical broke a 2016 court-approved Asset Purchase Agreement by cutting services and closing facilities while diverting funds to its private shareholders and investors. This led to a civil complaint, filed on Tuesday…