http://www.philly.com/r?19=960&32=3796&7=-1&40=http%3A%2F%2Fwww.philly.com%2Finquirer%2Fbusiness%2F Business news from the Inquirer. en-us Fri, 16 May 2008 07:01:00 GMT 2008-05-16T07:01:00Z en-us http://www.philly.com/r?19=961&43=165936&44=19002329&32=3796&7=195617&40=http%3A%2F%2Fwww.philly.com%2Finquirer%2Fbusiness%2F20080516_Phila__property_still_sells_.html Last year, while the housing and mortgage crises hammered Miami, Detroit, Atlanta and Las Vegas, Center City Philadelphia held its own, buffered by a large resident workforce and a lower cost of living. Fri, 16 May 2008 07:01:00 GMT f0b602d301347711b5bf825f619765b7 2008-05-16T07:01:00Z http://www.philly.com/r?19=961&43=165936&44=19001924&32=3796&7=195617&40=http%3A%2F%2Fwww.philly.com%2Finquirer%2Fbusiness%2F20080516_A_frenzy_of_filming_in_Philly.html When David Frankel agreed to direct the movie adaptation of John Grogan's best seller Marley & Me, he expected to shoot in Philadelphia at The Inquirer, where Grogan had been a columnist. Fri, 16 May 2008 07:01:00 GMT f0b00ced3a7f56376fa15ab8857c514a 2008-05-16T07:01:00Z http://www.philly.com/r?19=961&43=165936&44=19001859&32=3796&7=195617&40=http%3A%2F%2Fwww.philly.com%2Finquirer%2Fbusiness%2F20080516_Criminal_probe_launched_in_helicopter_damage.html Concluding that damage to two new combat helicopters at the Boeing Co. plant was "a deliberate act," federal authorities said yesterday they had launched a criminal probe and offered a reward in the hunt for suspects. Fri, 16 May 2008 07:01:00 GMT 32e5f5c2c8d36094b8bd4cc42e66c242 2008-05-16T07:01:00Z http://www.philly.com/r?19=961&43=165936&44=19001934&32=3796&7=195617&40=http%3A%2F%2Fwww.philly.com%2Finquirer%2Fbusiness%2F20080516_Stack_associate_on_board_of_firm_in_FBI_mob_probe.html The chief of staff for Democratic Pennsylvania State Sen. Michael Stack is a member of the board of directors of a Texas company at the center of an FBI organized-crime-linked fraud investigation. Fri, 16 May 2008 07:01:00 GMT 00e4e8b31eab5c94bd736eb37276fc37 2008-05-16T07:01:00Z http://www.philly.com/r?19=961&43=165936&44=19001864&32=3796&7=195617&40=http%3A%2F%2Fwww.philly.com%2Finquirer%2Fbusiness%2F20080516_Philadelphia_man_sought_in_bogus-check_scheme.html A Philadelphia man used $355,000 in counterfeit checks in a scheme to obtain fraudulent loans for business owners and religious leaders, according to an indictment filed yesterday by the U.S. attorney here. Fri, 16 May 2008 07:01:00 GMT 635a8fa9a3a419511e9d9ba04195f58c 2008-05-16T07:01:00Z http://www.philly.com/r?19=961&43=165936&44=19001854&32=3796&7=195617&40=http%3A%2F%2Fwww.philly.com%2Finquirer%2Fbusiness%2F20080516_Bernanke_warns_banks_on_risks.html WASHINGTON - Commercial banks and other financial institutions need to beef up their ability to detect and protect themselves against risks such as the credit and mortgage debacles, Federal Reserve Chairman Ben S. Bernanke said yesterday. Fri, 16 May 2008 07:01:00 GMT 83e955b714a3b273cd60b6467190055a 2008-05-16T07:01:00Z http://www.philly.com/r?19=961&43=165936&44=19001894&32=3796&7=195617&40=http%3A%2F%2Fwww.philly.com%2Finquirer%2Fbusiness%2F20080516_Fewer_hitting_the_road_for_Memorial_Day__AAA_says.html Soaring gasoline prices and a tanking economy will prompt many people to stay closer to home this Memorial Day weekend, AAA said yesterday. Fri, 16 May 2008 07:01:00 GMT 8e19757ccad61dc7f49ede3b6cce82c9 2008-05-16T07:01:00Z http://www.philly.com/r?19=961&43=165936&44=19001909&32=3796&7=195617&40=http%3A%2F%2Fwww.philly.com%2Finquirer%2Fbusiness%2F20080516_Mount_Laurel_gets_new_addition_to__hotel_row_.html Howard J. Wurzak's Mother's Day featured four weddings and two bar mitzvahs at his hotel, the Westin Mount Laurel. He tended to such details as the lighting in the ballrooms, and not the least, the quality of the food. Fri, 16 May 2008 07:01:00 GMT 1cbdbf002b3257f2ce5199a2cf693ed5 2008-05-16T07:01:00Z http://www.philly.com/r?19=961&43=165936&44=19001879&32=3796&7=195617&40=http%3A%2F%2Fwww.philly.com%2Finquirer%2Fbusiness%2F20080516_Consumer_choices_hit_retailers_hard.html MILWAUKEE - Department store stalwarts J.C. Penney Co. Inc., Nordstrom Inc. and Kohl's Corp. all reported steep drops in first-quarter profit yesterday as Americans snubbed apparel purchases to focus on basic necessities at discounters in a challenging economy. Fri, 16 May 2008 07:01:00 GMT 67b3936e1a4b770eb8d5f941378787a9 2008-05-16T07:01:00Z http://www.philly.com/r?19=961&43=165936&44=19002369&32=3796&7=195617&40=http%3A%2F%2Fwww.philly.com%2Finquirer%2Fbusiness%2F20080516_Bryn_Mawr_revitalization_in_business.html Bryn Mawr, a tired Main Line village where revitalization has been the talk for more than five years, finally has a new look - on paper anyway. Fri, 16 May 2008 07:01:00 GMT c5a4cd7545988a92e1a00236fee2564b 2008-05-16T07:01:00Z http://www.philly.com/r?19=961&43=165936&44=19002364&32=3796&7=195617&40=http%3A%2F%2Fwww.philly.com%2Finquirer%2Fbusiness%2F20080516_Judge_again_rejects_foes_of_Barnes_move.html A Montgomery County judge has thrown out an attempt to stop the Barnes Foundation's $5 billion art collection from moving to a new Philadelphia exhibition space. Fri, 16 May 2008 07:01:00 GMT e1b8970c30b66c90341dc115e2d28dc1 2008-05-16T07:01:00Z http://www.philly.com/r?19=961&43=165936&44=19001904&32=3796&7=195617&40=http%3A%2F%2Fwww.philly.com%2Finquirer%2Fbusiness%2F20080516_Urban_Outfitters_posts_45__earnings_increase.html Urban Outfitters Inc. continued to buck its peers in the struggling retail market by reporting yesterday that its latest quarterly earnings increased 45 percent. Fri, 16 May 2008 07:01:00 GMT 381e036cce0baca6f4eb29afb60c1e82 2008-05-16T07:01:00Z http://www.philly.com/r?19=961&43=165936&44=19001914&32=3796&7=195617&40=http%3A%2F%2Fwww.philly.com%2Finquirer%2Fbusiness%2F20080516_Icahn_threatens_mutiny_at_Yahoo.html SAN FRANCISCO - Yahoo Inc. chief executive officer Jerry Yang spent months fending off Microsoft Corp.'s unsolicited takeover bid. Now he may only have a few weeks to persuade the software-maker to revive its last offer of $47.5 billion - or risk being fired in a shareholder mutiny led by activist investor Carl C. Icahn. Fri, 16 May 2008 07:01:00 GMT de5a9de876920c3d2a0666395170d9ff 2008-05-16T07:01:00Z http://www.philly.com/r?19=961&43=165936&44=19001884&32=3796&7=195617&40=http%3A%2F%2Fwww.philly.com%2Finquirer%2Fbusiness%2F20080516_Market_bounces_back_for_second_straight_day.html NEW YORK - The stock market notched its second straight daily advance yesterday, with investors relieved by a pullback in oil prices and some better-than-expected economic data. Fri, 16 May 2008 07:01:00 GMT 0b601eed66e0a769b6e2c93923d4e01d 2008-05-16T07:01:00Z http://www.philly.com/r?19=961&43=165936&44=19001889&32=3796&7=195617&40=http%3A%2F%2Fwww.philly.com%2Finquirer%2Fbusiness%2F20080516_Business_news_in_brief.html Fri, 16 May 2008 07:01:00 GMT 5083f1aad60626a392f6feed23f857cb 2008-05-16T07:01:00Z http://www.philly.com/r?19=961&43=165936&44=19001874&32=3796&7=195617&40=http%3A%2F%2Fwww.philly.com%2Finquirer%2Fbusiness%2F20080516_Lockheed_wins_GPS_contract_worth__1_46_billion.html Lockheed Martin Corp. said yesterday that it had won a $1.46 billion contract to build next-generation global-positioning satellites, with a big chunk of the work planned for the Philadelphia suburbs. Fri, 16 May 2008 07:01:00 GMT 24cf16344fb014690dd66b5deb404fad 2008-05-16T07:01:00Z http://www.philly.com/r?19=961&43=165936&44=19001869&32=3796&7=195617&40=http%3A%2F%2Fwww.philly.com%2Finquirer%2Fbusiness%2F20080516_Lifeway_shares_fall_18_percent.html Shares of Lifeway Foods Inc. fell 18 percent in late trading yesterday after federal regulators stopped it from processing seafood and cream cheese at plants in Philadelphia and in Skokie, Ill., citing more than three years of violating food-safety rules. Fri, 16 May 2008 07:01:00 GMT 1daaec96b42114488ad8ee9cc361cfb6 2008-05-16T07:01:00Z http://www.philly.com/r?19=961&43=165936&44=19001849&32=3796&7=195617&40=http%3A%2F%2Fwww.philly.com%2Finquirer%2Fbusiness%2F20080516_IndyMac_decision_thwarts_Alesco_s_financials.html Alesco Financial Inc. is taking a financial hit from a large mortgage lender's decision to defer interest payments on a type of complicated security at the core of the credit crisis. Fri, 16 May 2008 07:01:00 GMT 2d1ae477de7092f47cb10d935525f2df 2008-05-16T07:01:00Z http://www.philly.com/r?19=961&43=165936&44=18967119&32=3796&7=195617&40=http%3A%2F%2Fwww.philly.com%2Finquirer%2Fbusiness%2F20080515_Bryn_Mawr_downtown_plan_closer_to_final_approval.html Bryn Mawr, a tired Main Line village where revitalization has been the talk for more than five years, finally has a new look - on paper anyway. Thu, 15 May 2008 15:54:36 GMT 6a465604fea820e104d6cd1725f07092 2008-05-15T15:54:36Z http://www.philly.com/r?19=961&43=165936&44=18964969&32=3796&7=195617&40=http%3A%2F%2Fwww.philly.com%2Finquirer%2Fbusiness%2F20080515_Food_prices_climbed_1_5_percent_in_April.html If you think food has taken a bigger bite out of your budget recently, you are not hallucinating. The federal government's inflation experts have confirmed your suspicions. Thu, 15 May 2008 07:01:00 GMT 4ca9bd4344bf0accc6563321efd5173a 2008-05-15T07:01:00Z