Back to newsletter listDate:
Fri, August 22, 2008 02:14:18 PMFrom:
Philly.com: Inquirer Business Update
Subject:
Inquirer Business Update: Russian steelmaker buys Quecreek owner for $1.3B
|
|
|
Philadelphia Business Today
Top Story
SOMERSET, Pa. - Russian steelmaking giant OAO Severstal is buying Pennsylvania's PBS Coals for about $1.3 billion in cash.
BUSINESS BLOGS
I pay attention to fast-growing companies because they’re great consumers:
They consume capital, office space, labor, and any number of professional services you can think of. Fast growth is normally associated with very small firms, because it’s much easier to double in size when you’re pulling in $2 million in sales than $200 million. I took another look at the Inc. 5000 list of the fastest-growing privately held companies and was surprised to see some of the 158 local firms weren’t so small.
AHB Foods, Cherry Hill-based owner of Classic Cake, says it bought cheesecake-maker Cemac Foods, Philadelphia.
When the low bid of $294.5 million was read aloud yesterday for the most costly part of building the Convention Center expansion, officials working on the project felt euphoric relief.
MORE FROM TODAY'S INQUIRER
Reach out to us
Subscription information
Subscribe to our other newsletters, cancel your subscription or manage your account by visiting My Account.
If you no longer wish to receive this newsletter, you may also cancel your subscription by email. Do you enjoy the contents of this newsletter and want to share the news? Please do not reply to this email, as we are unable to respond to messages sent to this address. You can find answers to your questions through our online help. Send us feedback. Written communications concerning this mailing may be directed to Philadelphia Inquirer, P.O. Box 8263, Business News - Reid Kanaley, Philadelphia, PA 19101. |
|
| About Philly.com | Terms of Use & Privacy Statement | Copyright | |
