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Philly.com
Inquirer Business Update
Philadelphia Business Today
Top Story
Posted 1:20pm
Nobel Learning Communities' stock is up 23 percent at noon after the private-education company announced that it had received an acquisition proposal for $17 a share from Knowledge Learning Corp.
BUSINESS BLOGS
It's all about credit lately.

And one of the big credit rating agencies views the outlook of the pharmaceutical sector as negative for the next 12 to 18 months.

Moody's Investors Service cites, what else, those long-time-in-coming expirations of the patents of some of the industry's biggest-selling drugs from 2010 through 2013.

Posted 1:35pm
Moody's may cut Advanta credit ratings because it's getting harder to raise funds in the securities markets.
Today's Inquirer
Goldman Sachs and Morgan Stanley will be able to take deposits and thus bolster their funding.
WASHINGTON - The Federal Reserve said yesterday that it had granted a request by the country's last two major investment banks - Goldman Sachs Group Inc. and Morgan Stanley - to change their status to bank holding companies.
 
A Week of Financial Turmoil
Hired to turn around A.C. Moore, he's back in the state where his career began.
BERLIN, N.J. - You can take Rick A. Lepley out of New Jersey, but you apparently can't keep him out for good.
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