Monday, September 22, 2014
Inquirer Daily News


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The Street: The recent Home Depot and Target credit card information breaches told consumers what banks, retailers, credit card companies and experts have known for a long time: U.S. credit cards are absolutely not secure.
NEW YORK (MainStreet) -- It's not enough to have to worry about getting your own identity stolen -- you have to worry about the identity&hellip...
The Street: While almost all consumers use coupons, some 15% of respondents used mostly mobile coupons in 2014 , which have become mainstream with the rise of smartphones, compared to 10% in 2013 and 4% in 2010.
Drinker Biddle & Reath L.L.P. said Monday that firm CEO and chairman Alfred W. Putnam Jr. will be succeeded by Andrew C. Kassner, effective Feb. 1.
Economics in a nutshell: Now that costs are rising back toward levels that might have existed if we didn’t have the surge and bust, investor opportunities are shrinking and so is their share of the market. The result: Existing home sales seem to have hit a plateau.
The Street: Thinking of bringing up salary on your first or second interview? It’s not as taboo as it once was, and many hiring managers are now broaching the subject early in the hiring process.
The other Merck said Monday it would spend $17 billion to buy the chemical company Sigma-Aldrich Corp., which is based in St. Louis.
Fund players, not casino experts, behind majority of A.C.'s failed rescues.
Atlantic City has become a place where hedge-fund managers go to lose their shirts. Three of the four Atlantic City casinos that closed this year (or four of five, if Taj Mahal closes in November) were controlled by hedge funds that suffered deep - but difficult to measure - losses.
Auxilium Pharmaceuticals Inc., said Monday that its board of directors rejected last week's unsolicited takeover offer from Endo International P.L.C., because it undervalued Auxilium.
Uber, the ride-sharing company that matches riders with drivers by smartphone app, will now provide connections to wheelchair-accessible vehicles in Philadelphia, Uber said Monday.
Charles I. Plosser, president and chief executive of the Federal Reserve Bank of Philadelphia since 2006, announced that he will retire on March 1.
Worries about growth in China and a slide in the price of oil pushed the stock market to its biggest loss in almost seven weeks. Investors are nervous about China following soft economic data that suggest the world's second-largest economy is slowing down.
NEW YORK (AP) - Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:
LOS ANGELES (AP) - A judge has recommended a six-month suspension for a Los Angeles attorney who posted doctored photos on her firm's website that show her arm-in-arm with high-profile people like President Barack Obama, Hillary Clinton, Leonardo DiCaprio and George Clooney.
WASHINGTON (AP) - Charles Plosser, a leading inflation "hawk" at the Federal Reserve, announced Monday that he plans to retire March 1.
ANCHORAGE, Alaska (AP) - A television reporter revealed during a live on-air segment that she owns a medical marijuana business and was quitting her job to advocate for the drug ahead of a November ballot initiative to legalize the recreational use of pot in Alaska.
NEW YORK (AP) - A day after 100,000 people marched to warn that climate change is destroying the Earth, more than a thousand activists gathered Monday in lower Manhattan's financial district, chanting, carrying signs and - in some places - sitting down in the street to protest what they said was corporate and economic institutions' role in the climate crisis.
NEW YORK (AP) - Apple says it sold more than 10 million iPhone 6 and 6 Plus models, a record for a new model, in the three days after the phones went on sale.
CHESTERBROOK, Pa. (AP) - Auxilium Pharmaceuticals Inc.'s board has rejected an approximately $1.4 billion unsolicited takeover offer from Ireland's Endo International PLC.
The Street: When a major retailer buys a smaller homegrown company, there are tradeoffs, both positive and negative in each direction. Five case studies.
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