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Archive: September, 2008
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Forbes' 400, and who's not on it
Thu, Sep 18, 2008, 1:19 PM
The new Forbes 400 list is out, and the Philadelphia area, with two percent of the nation's population, has less than half the number of...
Congress backs student loans for another year
Thu, Sep 18, 2008, 12:40 PM
Congress, stepping once again where Federal Reserve chief Ben Bernanke wouldn't go, has extended an emergency government guarantee program...
Wachovia-MorgStan union 'unlikely': Merrill analyst
Thu, Sep 18, 2008, 12:25 PM
"A potential deal would probably involve Wachovia buying Morgan Stanley," veteran banking analyst Guy Moszkowski of Merrill Lynch...
Boscov's bids to start at $11M, plus debt
Thu, Sep 18, 2008, 11:49 AM
Boscov's, the Reading-based, $1 billion/yearly sales department store chain that's in bankruptcy proceedings in Wilmington, Delaware, says...
Charlotte worries as BofA, Wachovia tremble
Thu, Sep 18, 2008, 9:49 AM
The four biggest U.S. commercial banks, whose CEOs have the ear of Fed Chairman Ben Bernanke: Citigroup and JPMorgan Chase & Co. -- both...
PA blocks electric car sales, says builder
Thu, Sep 18, 2008, 4:20 PM
Steel trader Barry D. Bernsten says his company, BG Automotive Group Ltd., has started assembling the first of its street-ready electric...
Novo Nordisk buys Neose for $43M
Thu, Sep 18, 2008, 4:03 PM
Drugmaker Neose Technologies, Horsham, said it's sold its patents to Novo Nordisk A/S (for fighting hemophilia) and and Bio GeneriX AG...
SEC, UK block short sellers; Wachovia soars
Thu, Sep 18, 2008, 3:34 PM
Used to be, when panicky depositors rushed into bank lobbies demanding their deposits, the banks closed. Sometimes (as in 1933 with FDRoosevelt)...
Joseph N. DiStefano writes about Philadelphia-area enterprise, and the people and money that make it go.