Jobs being eliminated at Acme
<img src='http://assets.bizjournals.com/philadelphia/news/acme_logo_01*100.jpg?v=1'>Acme Markets? parent company will shave off 800 jobs as part of a cost-cutting strategy, it said Tuesday. Supervalu (NYSE:SVU) of Eden Prarie, Minn., said the cuts will take place over the year and help make the grocer more competitive. The St. Paul Business Journal reported that 200 of the jobs will be in the corporate headquarters. About 25 jobs will be in the Philadelphia area, the Philadelphia Inquirer reported Tuesday. They affect administrative workers in the Malvern, Pa., regional offices, not cashiers or store workers...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=2eskS7YW84s:yntiV9dOdUY:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=2eskS7YW84s:yntiV9dOdUY:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?i=2eskS7YW84s:yntiV9dOdUY:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=2eskS7YW84s:yntiV9dOdUY:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?i=2eskS7YW84s:yntiV9dOdUY:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=2eskS7YW84s:yntiV9dOdUY:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?d=qj6IDK7rITs" border="0"></img></a> </div>
New head lice treatment by Sanofi-Aventis unit approved by FDA
The Food and Drug Administration on Tuesday approved Sanofi-Topaz?s topical head lice treatment, which will be marketed under the brand name Sklice, for patients 6 month of age and older. ?The approval of Sklice Lotion provides physicians and parents with a new treatment option for head lice, a condition that is notoriously frustrating to treat,? said Kenneth P. Guito, general manager of Sanofi-Topaz in Horsham, Pa. ?Through a unique mode of action, Sklice Lotion resolves most head lice infestations in one application, and is very well-tolerated...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=cJ4M64jQnKk:ZsYL57vCd48:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=cJ4M64jQnKk:ZsYL57vCd48:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?i=cJ4M64jQnKk:ZsYL57vCd48:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=cJ4M64jQnKk:ZsYL57vCd48:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?i=cJ4M64jQnKk:ZsYL57vCd48:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=cJ4M64jQnKk:ZsYL57vCd48:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?d=qj6IDK7rITs" border="0"></img></a> </div>
Omnicare announces leader for excelleRx in Philadelphia
Omnicare Inc. has hired Thomas Stieritz to lead its excelleRx business unit in Philadelphia. ExcelleRx, part of Omnicare?s Specialty Care Group, provides pharmaceutical management and distribution services for end-of-life patients in palliative-care programs. Stieritz will serve as the division?s senior vice president and general manager. He previously held managerial roles in project management, operations and health information systems at Catalyst Health Solutions, WellPoint and PrecisionRx Specialty Solutions...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=LmDsIRPDpnE:nWgWkMxNiEs:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=LmDsIRPDpnE:nWgWkMxNiEs:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?i=LmDsIRPDpnE:nWgWkMxNiEs:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=LmDsIRPDpnE:nWgWkMxNiEs:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?i=LmDsIRPDpnE:nWgWkMxNiEs:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=LmDsIRPDpnE:nWgWkMxNiEs:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?d=qj6IDK7rITs" border="0"></img></a> </div>
Deep cuts for Temple, Penn State in Corbett's proposed Pa. budget
<img src='http://assets.bizjournals.com/philadelphia/print-edition/1-28%20governor_corbett.jpg?v=1'>Pennsylvania Gov. Tom Corbett rolled out on Tuesday a proposed $27.14 billion state budget that keeps the basic education funding level but steeply cuts higher education spending and continues to fulfill Corbett's no-new-taxes pledge. The $27.14 billion budget is down one tenth of one percent from the $27.16 billion budget that was approved last year. Click here to view a summary of the budget. Overall education funding was up slightly to $9.92 billion, up 3.4 percent from the current budget. Corbett said that the basic education funding formula for primary and secondary schools remain at last year's levels...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=osaxsgPxCwA:kfUAln1VNgE:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=osaxsgPxCwA:kfUAln1VNgE:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?i=osaxsgPxCwA:kfUAln1VNgE:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=osaxsgPxCwA:kfUAln1VNgE:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?i=osaxsgPxCwA:kfUAln1VNgE:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=osaxsgPxCwA:kfUAln1VNgE:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?d=qj6IDK7rITs" border="0"></img></a> </div>


earned by employment, but other sources, such as possible inheritances, must also be considered. Increases in hard asset wealth, such as rising home prices, will be affected by general economic conditions as well as owner enhancements. From here, things get trickier, and this is where the true planning begins! Our particular stage in life -- whether we are young, old, or somewhere in the middle -- will usually lead us to desire a particular set of goals. Financial planners often break down our life cycles into distinct phases. Which phase we are in is often determined by age but will also be dictated by how much risk we are willing to assume. Younger people are most often described as being in an accumulation phase. Their earnings have not yet hit their peak, but at the same time they are striving to obtain both hard and soft assets. Examples here include saving for a new home or a child's education. Risk assumed here will be tempered by the time constraints of these goals as well as individual risk tolerance. In general, the longer the time frame, the more investments in the aggressive category may be considered. The other phases extend to middle age and beyond to retirement. Our middle age years often find us at the peak of our earning power, with many of our former goals satisfied. This will mean greater savings are possible, and as time progresses towards retirement, our tolerance for risk will necessarily diminish. Financial planning takes all of this into account and more. Other factors, including planning for health care and other insurance needs, preparation for emergency expenditures, tax and estate planning and the like will all be part of the strategy. Unexpected windfalls may also enter into the picture. Saving for retirement becomes increasingly important as the time earned income will end draws nearer. All of these variables add to the importance of financially planning across all stages of one's life. It is a concept that encompasses your total financial picture -- both in the present and for the future.
haramis@greekshares.com http://www.greekshares.com Ioannis - Evangelos C. Haramis was born in Greece in 1951. Studied Business Administration, Marketing and Economics in Greece, USA and in Belgium. He has been active in the stock markets since 1972. Since 2002 he is New Business Development Managing Director at an Investment Bank.

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