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Philly.com
Inquirer Business Update
Philadelphia Business Today
Video
Philadelphia Business Today, 9/16/2008
Top Story
Calif. firm rejects Vishay’s $23 tender offer
Posted 12:45pm
A California competitor has rejected Vishay Intertechnology Inc.'s offer to buy the company for $23 a share, saying it "significantly undervalues" the company's future prospects.
BUSINESS BLOGS
What should investors do following Lehman, Merrill meltdowns
I was prepared for some defining moment for Lehman Bros. over the weekend. And there were enough whispers involving Merrill Lynch so I wasn’t shocked that it sought comfort in the arms of another.

But American International Group’s $40 billion distress call threw me for a loop.

Three huge names in the financial-services business cried uncle the same weekend. How would U.S. investors react to this latest crisis?

More Blog Entries »
Comcast-Spectacor seeks halls in Europe, Asia
Posted 12:57pm
Comcast-Spectacor launches Asia joint-venture to manage Euro stadiums and theaters.
More Blog Entries »
LATEST NEWS
 
Met-Pro gets $600,000 order for lab hoods - 12:01pm
 
Phila. region’s gas prices up modestly - 10:06am
 
Stocks fluctuate as investors mull future of AIG 10:46am
XML COMPANY PRESS RELEASES
 
Parente Randolph Relocates Corporate Headquarters to One Liberty Place in Philadelphia
 
Microsoft UK DCOE Uses Shunra Virtual Enterprise WAN Emulation for Deployment Solution Demonstrations and Proof of Concept Workshops
 
Rohm and Haas Presents New Paraloid(TM) BPMS 250 Plastics Additive at NatureWorks Conference
 
Vishay Issues Statement Regarding $23.00 Per Share Cash Proposal for International Rectifier
 
Church & Dwight Breaks Ground for New Facility in York County, Pa.
More business press releases from Business Wire »
Today's Inquirer
SEPTA popularity brings new problems
Trains are crowded, and so are parking lots.
By Paul Nussbaum, Inquirer Staff Writer
As high gas prices drive new riders to SEPTA's trains in record numbers, the transit agency is learning to be careful of what it wishes for. Growing ridership is straining SEPTA's ability to keep up with demand.
 
Course helps trainees get on the right track
Dow plummets 504
Financial industry shake-up causes worst point drop since 9/11.
By Tim Paradis, Associated Press
NEW YORK - A stunning makeover of the Wall Street landscape sent stocks falling precipitously yesterday, with the Dow Jones industrials dropping 500 points, their worst slide since the September 2001 terrorist attacks. Investors recoiled after a shakeup of the financial industry that took out two storied names: Lehman Bros. Holdings Inc. and Merrill Lynch & Co. Inc.
 
Reeling on Wall Street
 
Housing is weak link
MORE FROM TODAY'S INQUIRER
 
Harrisburg's OK needed for AIG asset exchange
By Joseph N. DiStefano , Inquirer Staff Writer
 
Shares of Mt. Laurel's PHH off 12% amid ripple effect
By Harold Brubaker , Inquirer Staff Writer
 
$4 gas price from Ike's strike?
 
Business news in brief
 
Fed rate cut is reconsidered in light of financial crisis
By Jeannine Aversa , Associated Press
 
FDA won't allow Cephalon to expand use of painkiller
By Miriam Hill , Inquirer Staff Writer
 
U.S. industrial output plunges in August
By Martin Crutsinger , Associated Press
 
Hewlett-Packard to cut 24,600 jobs over 3 years
By Jordan Robertson , Associated Press
 
Preferred stocks may not be savior
By Caroline Salas , Bloomberg News
 
Lots of blame to spread
By Tom Raum , Associated Press
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