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New Year’s Day is about celebrating, and there’s no better place to fete than at Philadelphia’s Mummers Parade, a 107-year-old tradition in which men and women dressed in lavish costumes twirl, pirouette and strut up one of the city’s main streets. While a carnival-like atmosphere welcomes anyone who stops by, advance preparation guarantees a clear view. For an early start, hotel packages are available at www.gophila.com/holidays.

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While the Democratic National Convention descends on the city of Philadelphia, small business hope for the increase in business conventioneers could bring.

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Inside the Minds: The Insurance Business is an authoritative, insider’s perspective on the ins and outs of this dynamic industry and the future of the business, on a global scale. Featuring Chairmen, Presidents, and CEOs, representing some of the top insurance companies across the nation, this book provides a broad, yet comprehensive overview of the current state and future shape of the industry. Discussing the inner workings of the business and the key factors that differentiate insurance companies from each other, as well as identifying the biggest risks companies face and ways to hedge these risks, these authors offer practical and adaptable strategies for generating revenues and profiting year after year. From the processes involved in determining a premium for a new customer, processing a claim, and investing the cash from policies, hitting on the essentiality of building a strong brand identity and achieving credibility, to overall tactics around marketing! and customer relations, these authorities articulate the finer points around the business now, and what will hold true into the future. The different niches represented and the breadth of perspectives presented enable readers to get inside some of the great innovative minds of today, as experts explore in detail what it takes to secure long-term success in this ever-evolving industry. This book is by: Martin D. Feinstein, Chairman of the Board & Chief Executive Officer, Farmers Group, Inc. – “The Business of Managing Risks”; Constantine “Dinos” Iordanou, President & Chief Executive Officer, Arch Capital Group Ltd. – “Property/Casualty Insurance: A Business of Risk & Reward”; William G. Star, Chairman, President, & Chief Executive Officer, Kingsway Financial Services Inc. – “The Road to Success in the Insurance Industry”; Mark E. Watson, President & Chief Executive Officer, Argonaut Group, Inc. – “The Business of Insuring Business”; James J. Maguire, Chairman & Founder, Philadelphia Consolidated Holding Corp. – “A Glimpse Behind the Scenes”; John W. Hayden, Chairman, President, & Chief Executive Officer, American Modern Insurance Group – “Master the Basics”; Robert V. James, President & COO, Balboa Insurance Group – “A People Business.”

Comcast Corp. has made it public that it has agreed to acquire Time Warner Cable Inc. for around $45.2 billion in stock, or $158.82 per share, in a deal that would join the countries top two cable TV companies.

The merger will make Comcast a huge force in the market in terms of both creating and delivering entertainment into American homes. The merger was approved by the boards of both companies and is expected to be finished by the end of the year.

The deal comes after Time Warner Cable just turned down a $60bn bid from Charter Communications last month. The merger will most likely face scrutiny from US regulators, but probably not enough to stop the deal from going through.

Comcast already has 22 million subscribers, while Time Warner Cable has 11 million. The new company will have more than 30 million subscribers when the merger is finished. Comcast is arguing that because Time Warner Cable serve different markets, the merger will not reduce competition for consumers.

Comcast is centered mainly in the northeast. Its bigger markets are Philadelphia, Boston, Washington and Chicago. Time Warner Cable is centered around New York, Los Angeles, Dallas and Milwaukee.

In many areas, the cable company will face competition from AT&T and Verizon.

The merger would give Comcast unprecedented gatekeeper power in several markets, turning it into the bully in the schoolyard and enabling it to put the squeeze on content companies.

The biggest winners will of course be the US consumer who will face higher prices, weak Wi-Fi signals and slow data speeds. Sounds like a win-win situation. No?

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Ten pharmaceutical companies from the U.S. and Europe have formed a nonprofit to accelerate the development of new drugs. The organization, TransCelerate BioPharma, will be headquartered in Philadelphia. The founding companies are Abbott Laboratories, AstraZeneca, Boehringer Ingelheim, Bristol-Myers Squibb, Eli Lilly and Company, GlaxoSmithKline, Johnson & Johnson, Pfizer, Roche Holding AG’s Genentech, and Sanofi SA.

InBalance Health, a company that provides doctor-formulated, alternative food bar and supplement solutions for prediabetes and Type 2 diabetes patients, has announced its launch and new healthy snack products. The company’s INbars are allergen-free and offer whole food nutrients, and are also useful for people with weight-loss or glucose management goals.

Novo Nordisk has been ranked in the top 10 of healthcare companies in the Carbon Disclosure Project’s Global 500 2012 report. Compared to 2011, Novo Nordisk improved its score by 1 to 90 out of 100. According