PhillyDeals Archive: September, 2008

Advanta falls as Moody's weighs downgrade

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Advanta Corp. dropped more than 10 percent in midday trading after Moody's Investors Service said it might downgrade the Spring House-based... Read more

AIG's CEO turns down $22 million severance: report

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American International Group CEO Robert Willumstad has turned down $22 million in severance after his three-month tenure at the largest... Read more

Sovereign squeezed by CDO, Fannie losses

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Sovereign Bancorp is "on the brink" of needing more capital after announcing late Friday it sold off its collateralized-debt... Read more

Update: Nobel weighs Milken's $17/share offer

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UPDATE: Nobel Learning Communities's board will weigh Knowledge Learning Corp.'s $17 per share offer "carefully and promptly"... Read more

'Vicious cycle' will last for years: analysts

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"It will take years to resolve the problems that have surfaced in the past months," writes veteran bank analyst Richard X. Bove... Read more

Wachovia merger talks 'on hold'

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Merger talks between Morgan Stanley and Wachovia Corp. have been put on "indefinite hold", London's Financial Times reports,... Read more

Zipcar goes to college; PhillyCarShare bosses out

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The battle's on between hometown nonprofit PhillyCarShare and investor-backed national chain Zipcar. Executive director Tanya Streeter... Read more

SEC shuts shorts to "prop up" bank stocks

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Securities and Exchange Commission Chairman Christopher Cox, who earlier this summer called most short sellers "healthy and necessary... Read more