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PhillyDeals Archive: May, 2013
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Health & Pharma
Rutgers credit rating cut as costly med school merger nears
Fri, May 31, 2013, 11:03 AM
Moody's Investors Service, New York, has cut Rutgers' credit rating for $1.7 billion in general-obligation and long-term debt by a notch, to...
SMG leads Comcast unit in race to run Philly's Pa. Convention Center
Thu, May 30, 2013, 2:28 PM
It's not a done deal, and the Pennsylvania Convention Center board's next formal meeting isn't until June 5, but members of the bipartisan...
SEC's Philly-based 'Abuse Tax Force' fines Nasdaq $10M for bungled Facebook IPO
Wed, May 29, 2013, 12:04 PM
The Securities and Exchange Commission has hit the Nasdaq stock market with a $10 million penalty for bungling Facebook's initial public stock...
Sallie Mae to split in 2: Update
Wed, May 29, 2013, 10:04 AM
UPDATE1: Dividing Sallie Mae into two companies should have "limited impact" on the size of the lender's 6,800-member workforce, says spokeswoman...
Why Del.'s ex-Chrysler plant looks like Philly's Navy Yard
Tue, May 28, 2013, 12:05 PM
When the privately-run but state-backed University of Delaware outbid private developers to buy the 272-acre former Chrysler manufacturing...
Electric car firm blows $850 million, fails
Tue, May 28, 2013, 9:44 AM
Better Place, which raised $850 million from Israel Corp., HSBC, GE, Morgan Stanley and other big investors to bulid a world network of electric...
Jay Sidhu bringing his new bank back to Philadelphia
Tue, May 28, 2013, 4:43 PM
Now that Customers Bank, which manages $3.5 billion in loans and investments from a handful of branches in Berks, Bucks and Chester Counties...
Penn Law given $15M by South Philly banker who beat federal rap
Tue, May 28, 2013, 3:31 PM
When junk-bond king Michael Milken was sent to prison at the end of the 1980s, his name was stricken from a donors' wall at the University...
Joseph N. DiStefano writes about Philadelphia-area enterprise, and the people and money that make it go.
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