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Philly.com
Inquirer Business Update
Philadelphia Business Today
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Philadelphia Business Today, 8/19/08
Top Story
US Airways adding Tel Aviv route
Posted 12:53pm
US Airways Group Inc. announced today that it will start flying nonstop to Tel Aviv, Israel, next summer.
 
US Airways CEO: We'll get through the turmoil
BUSINESS BLOGS
Rohm & Haas CEO to get $5 million following acquisition
Rohm & Haas Co. CEO Raj Gupta now has 5 million more reasons why his company should be bought by Dow Chemical Co.

The executive compensation committee of the Philadelphia specialty chemical company approved a $5 million cash award to Gupta once the $15.4 billion acquisition by Dow closes in January.

More Blog Entries »
Bank failures loom?
Posted
``The worst is yet to come in the U.S.,'' Kenneth Rogoff, a Harvard economist and former top IMF official, tells Bloomberg News. ``The financial sector needs to shrink; I don't think simply having a couple of medium-sized banks and a coup
More Blog Entries »
LATEST NEWS
 
Things looking down at Phila.-area gas pumps - 10:08am
 
Wilmington’s Delcard is purchased
 
Stocks fall on inflation data, financial worries 11:47am
XML COMPANY PRESS RELEASES
 
Innovative Solutions & Support to Hold Conference Call to Discuss Fourth Quarter Outlook
 
Air Liquide America Specialty Gases LLC Announces Price Increases for Pure and Mixed Cylinder Specialty Gases
 
ACE Makes $100,000 Grant to BanIgualdad To Expand Microfinance and Education to Thousands in Chile
 
American Water Funds 2008 Environmental Grant Programs
 
The Closet Works, Inc. Launches Garage Line to Meet Demand from Customers
More business press releases from Business Wire »
Today's Inquirer
Merck faces another round of criticism
It misrepresented research on Vioxx, a medical journal said.
By Miriam Hill, Inquirer Staff Writer
For the third time in three years, a prominent medical journal has criticized Merck & Co. Inc. for misrepresenting research on its now-withdrawn pain reliever Vioxx.
Paying the price for 'liar loans'
These mortgages requiring no proof of income or assets bring a new wave in the subprime meltdown.
By Alan Zibel, Associated Press
In the mortgage industry, they are called "liar loans" - mortgages approved without requiring proof of the borrower's income or assets. The worst of them earn the nickname "ninja loans" - short for "no income, no job, and [no] assets."
MORE FROM TODAY'S INQUIRER
 
Mullica Township holding fund-raiser despite loss of landmark
By Edward Colimore , Inquirer Staff Writer
 
US Airways to add int'l route; Tel Aviv mentioned
By Linda Loyd , Inquirer Staff Writer
 
Valley Forge battle gets nasty
By Jeff Gammage , Inquirer Staff Writer
 
Business news in brief
 
Blades of glory whirl from Philly plant
By Joseph N. DiStefano , Inquirer Staff Writer
 
Lowe's 2d-quarter profit does not improve
By Ashley M. Heher , Associated Press
 
Philadelphia residents win round with Fox Chase
By Stacey Burling , Inquirer Staff Writer
 
Group addresses shortage of rural vets in Pennsylvania
By Stacey Burling , Inquirer Staff Writer
 
Wall Street falls on Freddie, Fannie
By Tim Paradis , Associated Press
 
Oil platform set for Texas coast
By John Porretto , Associated Press
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