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Tue, July 08, 2008 02:13:16 PMFrom:
Philly.com: Inquirer Business Update
Subject:
Inquirer Business Update: Pa. insurance merger hearings focus on competition
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Philadelphia Business Today
Top Story
Executives of two Pennsylvania-based Blue Cross insurance companies were hammered about whether they would compete with each other if they were not allowed to merge, as hearings opened today in Pittsburgh on their request to join forces.
BUSINESS BLOGS
Last week, while you were looking forward to your backyard barbecue, 1,500 Philadelphia-area students got their first taste of the office.
These summer interns are part of the third year of a program championed by the Greater Philadelphia Chamber of Commerce and egged on by Mayor Nutter. Organizers fell short of their goal of 2,000 internships. Still, the trend is encouraging. Area employers supported 1,049 interns in 2007 and 441 in 2006.
VGX Pharmaceuticals Inc., a private Blue Bell DNA-based vaccine developer, says it will acquire American Stock Exchange-listed Inovio Biomedical Corp., a San Diego vaccine-delivery developer, in a complex deal that values Inovio at around $1.05/sh, or $46M.
Today's Inquirer
Still, Phila. International ranked 25th in arrivals and 24th in departures among 32 airports studied.
Philadelphia International Airport's on-time record improved in May compared to a year ago. Still, the airport's performance lags compared to other airports.
Several days after State Sen. Vincent J. Fumo (D., Phila.) threatened to kill tax breaks for Philadelphia casinos if they don't relocate from the waterfront, this much is clear: The casinos intend to stay.
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