- Text of the USA Technologies letter to shareholders
LATEST REGIONAL BUSINESS NEWS
USA Technologies Inc.'s management today urged shareholders to reject an effort by a dissent investor group to win three seats on the company's board of directors.
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Chief U.S. Bankruptcy Judge Stephen Raslavich agreed today to extend until at least Jan. 31 the period during which Philadelphia Newspapers L.L.C. has the exclusive right to propose a reorganization plan for its newspapers and Web site, The Inquirer and the Philadelphia Daily News and Philly.com.
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A group headed by billionaire investor Carl Icahn that is buying Atlantic City's Tropicana Casino and Resort will get a tax break if it sells the casino within the next few years.
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CAMBRIDGE, Mass. - The dean of Harvard University's Faculty of Arts and Sciences said he will reduce the number of professors in an effort to balance a $110 million deficit.
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A tentative contract agreement between Harley-Davidson and union members at its York, Pa., plant pledges that the motorcycle maker will stop efforts to relocate the operation to Kentucky.
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Advanta Corp., the Spring House small-business credit-card lender that filed for bankruptcy this month, said today that defaults rose to 34.99 percent of outstanding loans in October from 24.42 percent in the previous month.
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Michael Long has been named chief executive officer at Marlton Rehabilitation Hospital.
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Nutrisystem Inc. has pledged up to $100,000 to the American Diabetes Association's Stop Diabetes initiative.
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Valero Energy Corp., the largest U.S. refiner, announced today that it will permanently close its Delaware City, Del., plant because of losses brought on by the poor economy.
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Friday is looking a lot like Thursday at the gas pumps, according to AAA Mid-Atlantic.
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Banco Santander SA, the Spanish bank that owns Philadelphia's Sovereign Bancorp Inc., has asked a federal court in Miami to dismiss a suit over its $3.2 billion in losses to Bernard Madoff's fraud, contending in papers filed Wednesday that it hadn't been linked to any wrongdoing, Bloomberg News reported.
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The stock market ended a down week with light selling as investors grew uneasy about a rising dollar and spiking demand for the safest government debt.
WALL STREET
NATION AND WORLD
Becton Dickinson and Co. said Friday it bought molecular diagnostic test maker HandyLab Inc. for $275 million.
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Suitably opaque, Section 2006 takes up only a few dozen lines in a sweeping health care bill that runs to 2,074 pages and mentions neither Sen. Mary Landrieu nor her state of Louisiana.
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Car parts maker TRW Automotive Holdings Corp. said Friday that it completed a previously announced private debt offering.
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At a time of budget cuts, Democratic Gov. Bill Ritter's administration last year paid employees and outside contractors $1.1 million to lobby Colorado lawmakers on legislation ranging from renewable energy tax credits to increasing motor vehicle license fees.
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WASHINGTON _ National Association of Realtors releases existing home sales for September, 10 a.m.
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FROM SUNDAY'S INQUIRER
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Tax season is over, but it's not too early to get in shape for next year. IRS spokesman David Stewart is still available to answer your questions. Also, find a full page of tax-help articles and links.
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Today's Inquirer
Dueling sides in the bitterly contested Delaware River deepening project took aim yesterday. Environmental groups filed two lawsuits seeking to block deepening a 102.5-mile stretch of the river by five additional feet.
Today's Inquirer
Vice President Biden comes to Philadelphia on Monday.
What for? you might ask. A symposium at the National Constitution Center? An address before the World Affairs Council? A policy conference at the University of Pennsylvania?
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Tax season is over, but it's not too early to get in shape for next year. IRS spokesman David Stewart is still available to answer your questions. Also, find a full page of tax-help articles and links.
SPECIAL REPORTS
Investment Guide 2009
Investing is never easy. This special Investing Guide can help you find the courage to put the fear aside and start taking the steps to a more financially sound future.
A special section on the region's biggest employers, hottest performers, highest paid CEOs, local employment scene and more.
Commercial Real Estate
Vacancies are on the rise, rents and property values are dropping, building owners are low on funds, and financing options are drying up. All is not well in commercial real estate.
Lawsuit over terrorism
The Philadelphia law firm Cozen O'Connor sued Saudi Arabia and several Islamist charities in 2003, seeking to hold them financially liable for the 9/11...
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