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PhillyDeals Archive: November, 2008
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Health & Pharma
Oil, dollar set to drop more?
Sun, Nov 30, 2008, 5:31 PM
OPEC's failure to limit production means oil prices may keep dropping. That's good for consumers everywhere, but maybe less in the U.S., where...
S&P says J.G. Wentworth may need capital; cuts credit ratings
Fri, Nov 28, 2008, 2:49 PM
Standard & Poor's cut counterparty and senior-secured bank loan ratings on J.G. Wentworth Inc., the Bryn Mawr "structured settlement"...
Clearwire closes $3.2 billion deal with Comcast, others for online Internet
Fri, Nov 28, 2008, 2:41 PM
Clearwire Corp., the Kirkland, Wash.-based wireless Internet provider, says it's closed a previously-announced deal to raise $3.2 billion in...
Sovereign Bancorp owner boosts capital with $9B stock sale
Fri, Nov 28, 2008, 2:22 PM
Banco Santander, the Spanish giant that controls Sovereign Bancorp, says it raised over $9 billion U.S. to boost capital with a share sale. Sounds...
Citizens Bank owner now controlled by British government
Fri, Nov 28, 2008, 10:21 AM
When the British stock market closes today, "Her Majesty's treasury will take up the remaining 22,853,798,818 new Royal Bank of Scotland...
Did Wells-Wachovia deal force U.S.-Citi rescue?
Fri, Nov 28, 2008, 3:19 PM
Citigroup's Nov. 24 bailout includes $22.5 billion from the U.S. Treasury to Citi in preferred stock and common-stock warrants; $7 billion...
Home loan rates fall after U.S. pledges to fund new loans
Wed, Nov 26, 2008, 7:59 AM
Average 30-year fixed-rate home mortgage loans for creditworthy borrowers fell as low as 5.5 percent yesterday, from 6.4 percent a day earlier...
U.S. Treasury debt market "breaking down"
Wed, Nov 26, 2008, 7:52 AM
"The U.S. Treasury market, the foundation of government bond and corporate bond markets worldwide, is suffering a crisis of confidence...
Joseph N. DiStefano writes about Philadelphia-area enterprise, and the people and money that make it go.
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