PhillyDeals Archive: May, 2013

Rutgers credit rating cut as costly med school merger nears

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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... Read more

SMG leads Comcast unit in race to run Philly's Pa. Convention Center

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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... Read more

SEC's Philly-based 'Abuse Tax Force' fines Nasdaq $10M for bungled Facebook IPO

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The Securities and Exchange Commission has hit the Nasdaq stock market with a $10 million penalty for bungling Facebook's initial public stock... Read more

Sallie Mae to split in 2: Update

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UPDATE1: Dividing Sallie Mae into two companies should have "limited impact" on the size of the lender's 6,800-member workforce, says spokeswoman... Read more

Why Del.'s ex-Chrysler plant looks like Philly's Navy Yard

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When the privately-run but state-backed University of Delaware outbid private developers to buy the 272-acre former Chrysler manufacturing... Read more

Electric car firm blows $850 million, fails

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Better Place, which raised $850 million from Israel Corp., HSBC, GE, Morgan Stanley and other big investors to bulid a world network of electric... Read more

Jay Sidhu bringing his new bank back to Philadelphia

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Now that Customers Bank, which manages $3.5 billion in loans and investments from a handful of branches in Berks, Bucks and Chester Counties... Read more

Penn Law given $15M by South Philly banker who beat federal rap

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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... Read more