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Business news in brief

In the Region

Pfizer exec to head BioClinica

BioClinica Inc. said John Hubbard would replace Mark Weinstein as chief executive officer of the Newtown-based company, which assists pharmaceutical manufacturers and contract research organizations in developing and managing clinical trials. Hubbard, 58, will leave drugmaker Pfizer Inc., where he has served as senior vice president and worldwide head of development operations. "We have a unique opportunity to partner with pharmaceutical companies and contract research organizations as they navigate unprecedented pressures, which I have experienced firsthand, and to improve the efficiency and effectiveness of drug development," Hubbard said in a statement. - David Sell

N.J. issues Taj closing plan

The New Jersey Division of Gaming Enforcement released Trump Entertainment Resorts Inc.'s official closing plan for the Trump Taj Mahal Casino. The company has been saying for several weeks that it would close the casino on Dec. 12 unless its biggest union, Unite Here Local 54, dropped its appeal of a bankruptcy court ruling allowing the company to reject a labor agreement. The document released Monday by regulators said the Chairman's Tower section of the Taj hotel was slated to close Monday, while the Taj Tower will close at noon Dec. 12, six hours after the casino closes at 5:59 that morning. - Harold Brubaker

Tax credit for Fishtown site

US Bank, of Minneapolis, said its community-development finance arm agreed to arrange $4.3 million in federal historic tax-credit financing for Center City-based Core Realty Inc. to help finance a $26 million redevelopment of the Ajax Metal Co. building at 1000 Frankford Ave., Fishtown. The facility will house a Live Nation Fillmore concert theater, a Revolutions bowling alley, Trvinia Italian Kitchen, an as-yet-unnamed distillery, and "office and retail space," the bank said. The US Bank money was "the last piece of financing we needed," Michael Samschick, head of Core Realty, said. The project's target completion is August 2015. - Joseph N. DiStefano

Martins Run joins Wesley

Martins Run, a continuing care retirement community in Marple Township, plans to join Wesley Enhanced Living, a senior-living provider in Hatboro with eight communities in Bucks, Montgomery, and Philadelphia Counties, the two nonprofits announced. Founded in 1980, Martins Run has 258 units on its 22-acre Delaware County campus. The organization reported $15.4 million in revenue in 2012, the most recent year available. Wesley, which traces its roots to 1888, has 1,140 units and employs 900. Its 2013 revenue was $52.3 million, according to its annual report. - Harold Brubaker

Pfizer completes vaccine buy

Drugmaker Pfizer Inc. said it completed the acquisition of Baxter International Inc.'s portfolio of marketed vaccines. Pfizer also acquired a portion of Baxter's facility in Orth, Austria, where some vaccines are manufactured. The two vaccines are called NeisVac-C and FSME-IMMUN/TicoVac. The first helps protect against meningitis caused by group C meningococci. The second helps protect against tick-borne encephalitis, an infection of the brain. Pfizer's facility in Collegeville handles some of the company's vaccine research. - David Sell


IPod trial to begin

After nearly a decade in legal wrangling, a billion-dollar class-action lawsuit over Apple Inc.'s iPod music players heads to trial on Tuesday in a California federal court. A key witness will be none other than the company's legendary founder, the late Steve Jobs, who will be heard in a video-recorded deposition. Attorneys for consumers and electronics retailers claim Apple used software in its iTunes store that forced would-be song buyers to use iPods instead of cheaper music players made by rivals. If a jury agrees, the tech giant could be ordered to pay up to $1 billion. - AP

FBI confirms Sony hack

The FBI said it is investigating a recent hacking attack at Sony Pictures Entertainment that caused major internal computer problems at the studio last week. Sony's corporate e-mail and other internal systems were knocked off-line, according to reports by Variety and other trade publications. Sony workers reportedly saw a message appear on their computer screens that said "Hacked by #GOP," which may be the initials of a group calling itself Guardians of Peace. Copies of some unreleased Sony films are now being distributed on unauthorized file-sharing websites. - AP

U.S. looks into Graco recall

The National Highway Traffic Safety Administration said it is investigating whether Graco took too long to report a safety defect in its child car seats. Graco Children's Products, a division of Atlanta-based Newell Rubbermaid Inc., recalled 6.1 million car seats this year because the buckles could get stuck. That could put a child's life at risk in an emergency. It is the largest child seat recall in U.S. history. - AP