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Philly.com
Inquirer Business Update
Philadelphia Business Today
Video
Philadelphia Business Today, 9/4/2008
Top Story
Boscov’s receives OK for bankruptcy financing
Posted 1:47pm
Boscov's said today that it won final approval from the bankruptcy court in Delaware to receive $250 million to help the company operate during its bankruptcy reorganization.
BUSINESS BLOGS
GMAC cutbacks add to the 1,400 local jobs lost
The subprime mortgage crisis and housing meltdown often feel far away from our region.

I’ve seen the pictures of half-built California subdivisions and the lines of depositors outside IndyMac Bancorp branches.

Here in Philadelphia, we appear to be late for the apocalypse again. Housing activity has slowed, although prices seem to be holding steady.

But the ripples from the yearlong credit quake have done more than shake the dishes in our kitchen cabinets. They have swamped the jobs of a number of people in the region.

More Blog Entries »
Could a new 'Spectrum' rise in S.J.?
Posted 11:17am
Comcast-Spectacor scouts sites in Camden County, the Lehigh Valley and the Shore for its new arena. But CEO Peter Luukko says they'd like to stay in South Philly, if dollars can be found.
More Blog Entries »
LATEST NEWS
 
Same-store sales: Hits and misses - 11:23am
 
Exelon to buy back up to $1.5B of stock - 11:06am
 
Phila. gas average down a cent
 
Toll reports $29.3M net loss in 3Q
 
Stocks plunge after retail, unemployment data 12:02pm
XML COMPANY PRESS RELEASES
 
Education Management Solutions, Inc. Makes Philadelphia 100 List of Fastest Growing Private Companies
 
INSERTING and REPLACING Performance Health Technologies Partners with Logic Product Development to Design Next Generation Core:Tx(R) Rehabilitation Tool
 
Hill International to Present at D.A. Davidson's Seventh Annual Engineering & Construction Conference
 
Boscov's Receives Final Court Approval for $250 Million DIP Financing
 
The Judge Group Expands Executive Search Division with Additional Office in Stamford, CT
More business press releases from Business Wire »
Today's Inquirer
PATCO to add trains for peak-service times
Ridership is up over last year. The additional service is scheduled to begin Saturday.
By Jan Hefler and Paul Nussbaum, Inquirer Staff Writers
To cope with increasing ridership, the PATCO commuter rail line will add trains during rush hours, beginning Saturday, officials said yesterday.
GMAC unit to close offices, cut 5,000 jobs
By Harold Brubaker, Inquirer Staff Writer
GMAC Financial Services subsidiary Residential Capital L.L.C., of Fort Washington, said yesterday that the housing slump was forcing it to eliminate 5,000 jobs in its mortgage operations.
MORE FROM TODAY'S INQUIRER
 
Wolf Block calls off merger
By Chris Mondics , Inquirer Staff Writer
 
Recipe for an Italian Market feud
By Michael Matza , Inquirer Staff Writer
 
Another maternity unit closing in Philadelphia
By Stacey Burling , Inquirer Staff Writer
 
Business news in brief
 
PhillyDeals: Airport sale could hurt A.C. redevelopment
By Joseph N. DiStefano , Inquirer Staff Writer
 
Automakers: Slump over?
By Tom Krisher , Associated Press
 
Commodities bubble claims first victim
By Stevenson Jacobs , Associated Press
 
Stocks mixed; investors unsure
By Madlen Read , Associated Press
 
Fed reports the country is stuck in slow gear
By Jeannine Aversa , Associated Press
 
Job cuts jumped 12% last month, report says
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