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Philly.com
Inquirer Business Update
PBT: Philadelphia Business Today »
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Philadelphia Business Today 3/25
PhillyCarShare has a big competitor in Zipcar. Can the Massachusetts-based company take over the Philadelphia market? »  View in larger player
Top Story
11:57am
Bio-Imaging Acquires Phoenix Data Systems
Bio-Imaging Technologies Inc., Newtown, announced today that it bought privately held Phoenix Data Systems Inc., King of Prussia, for $24 million in cash and stock.
BUSINESS BLOGS
Philly Fed: Banks 'continued to decline' in 4th qtr.
Let’s add one more government brief to the mountain of reports and studies that delineate the banking sector’s ailments.

The Federal Reserve Bank of Philadelphia said Monday that the condition of both large banks and community banks continued to decline during the fourth quarter of 2007. That was true nationally and locally.

Big banks have been seeing a rise in nonperforming real estate loans, especially in the residential sector. Community banks have been experiencing loan losses primarily related to commercial real estate.

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»  More Blog Entries
2:12pm
Portico chief: All U.S. candidates good
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»  More Blog Entries
LATEST NEWS »
 
Wilmington Trust sells S. Jersey developments - 12:18pm
 
Sunoco to build coke plant in Ohio - 1:03pm
 
Parke Bancorp announces 15% stock dividend - 12:38pm
 
Local gas prices holding steady
 
Wall Street Pauses After Economic Data 1:27pm
XML COMPANY PRESS RELEASES
 
JupiterResearch Shows Majority of Consumers are Unaware of True Online Fraud Liability Leading to Checkout Hesitation
 
NRG Energy President & Chief Executive Officer, David Crane, to Present at the Morgan Stanley 2008 Electricity & Energy Conference
 
Sunoco Board Approves Long-Term Agreement to Supply Coke and Electrical Power
 
Next Inning Technology Announces Investment Opinion on Semiconductor Fabricators Test and Package Firms
 
Regional Robotics Education Program receives $25,000 grant from Rohm and Haas
»  More business press releases from Business Wire
Today's Inquirer
Market drives upward: Besides Bear's news, housing helped stocks.
By Tim Paradis, Associated Press
NEW YORK - Wall Street extended its big advance yesterday as investors applauded a new agreement that will give shareholders in the Bear Stearns Cos. Inc. five times the payout that was set in a JPMorgan Chase & Co. buyout deal a week ago. Investors, also pleased by a stronger-than-expected housing report, sent the Dow Jones industrial average up nearly 190 points while selling bonds sharply lower.
Bear Stearns bid up to $10
By Joe Bel Bruno, Associated Press
NEW YORK - JPMorgan Chase & Co. yesterday quintupled its buyout offer for the Bear Stearns & Cos. Inc. and immediately gained control of nearly 40 percent of its Wall Street rival.
MORE FROM TODAY'S INQUIRER
 
Congress considers economic solutions
By Alan Zibel and Marcy Gordon , Associated Press
 
Major Pa. tomato producer quits, blames Congress
By Nancy Petersen , Inquirer Staff Writer
 
Zipcar driving for Phila. customers
By Joseph N. DiStefano , Inquirer Staff Writer
 
Unexpected rise in Feb. home sales
 
Cephalon CEO got hefty $16 million in '07
By Deborah Yao , Associated Press
 
BioTown couldn't get rolling
By Tom Murphy , Associated Press
 
Business news in brief
 
Election Day is looming for Delta-Northwest deal
By Dan Caterinicchia and Adam Schreck , Associated Press
 
Foolish Trivia
 
Fool's School P/E Ratios Explained
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