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Philly.com
Inquirer Business Update
PBT: Philadelphia Business Today »
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Philadelphia Business Today, 3/19
In Philladelphia Business Today, the CEO of Charming Shoppes loses a perk: her $7,800 a month Rittenhouse Square apartment. Plus, Commerce Bank gets a new name and why the Fed’s rate hike won’t make everybody happy. »  View in larger player
Top Story
9:46am
Merged banks renamed TD Commerce Bank
The 1,100 branches of Commerce Bank and TD Banknorth will take on a new name - TD Commerce Bank - after the merger of their parent companies, the banks said today.
BUSINESS BLOGS
Rumor mill prescribes merger for Shire P.L.C.
One thing consistent about the pharmaceutical industry is that any player at any time can become the focus of acquisition rumors.

Over the last week, Shire P.L.C. has been that company. Shire, which has its U.S. headquarters and 900 employees in Wayne, generated much of its 2007 revenue of $4.2 billion from sales of attention deficit/hyperactivity disorder drugs.

First, Pfizer Inc. was rumored to be a suitor of Shire. On Tuesday, UBS analysts said AstraZeneca P.L.C. may be interested in making a bid for its rival in the United Kingdom.

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12:42pm
Ex-banker Steinour goes private equity/real estate
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»  More Blog Entries
LATEST NEWS »
 
Charming Shoppes Swings to Loss on Sales
 
Merck cancer vaccine to get priority FDA review
 
Former Citizens CEO joins Boston firm - 1:40pm
 
CollaGenex acquisition clears regulatory waiting period - 12:17pm
 
Area gas prices hold steady - 1:29pm
 
Stocks Retreat After Tuesday's Rally 1:07pm
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Prosit Print Solutions Expands Digital Printing Capabilities with Canon's New Color Digital Press
 
Glen Bressner to Join Originate Growth Fund as a Managing Partner
 
Rohm and Haas Confirms Hydroxyalkyl Monomer Manufacture and Sales Commitment with Capacity Expansion
 
Phoenix Marketing's New Consumer Convergence 360 Research Program Shows Mobile Electronics Blurring Boundaries between Work and Play
 
HyPower Fuel Retains Experts in the Chemistry of Biodiesel in Order to Achieve Biodiesel ASTM Standard Attainment
»  More business press releases from Business Wire
Today's Inquirer
Charming Shoppes CEO loses some perks
By Maria Panaritis, Inquirer Staff Writer
It seems consumers aren't the only ones making do with less as the economy batters their buying muscle. So is at least one local chief executive officer.
Interest rate down; stocks up
By Madlen Read, Associated Press
NEW YORK - Stocks catapulted higher yesterday as investors were galvanized by stronger-than-expected earnings from two big investment banks and the Federal Reserve's decision to cut interest rates by three-quarters of a percentage point. The Dow Jones industrial average soared 420 points, its biggest one-day point gain in more than five years.
 
Rate cuts hurt retirees
 
Fed cuts key rate again to avert a deeper crisis
MORE FROM TODAY'S INQUIRER
 
Rate cuts hurt retirees
By Harold Brubaker , Inquirer Staff Writer
 
Aircraft Carrier JFK being towed to Phila.
By Henry J. Holcomb , Inquirer Staff Writer
 
FAA plans check of safety data
By David Koenig , Associated Press
 
Delta to cut more than half its staff
By Harry R. Weber , Associated Press
 
Boeing tries again to reverse tanker deal
By Joelle Tessler , Associated Press
 
Yahoo in search of new deal?
By Michael Liedtke , Associated Press
 
Business news in brief
 
Investment-bank shares rebound
By Joe Bel Bruno , Associated Press
 
Fed cuts key rate again to avert a deeper crisis
By Martin Crutsinger , Associated Press
 
Housing starts dropped in February
By Courtney Schlisserman , Bloomberg News
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