Teva Pharmaceutical Industries Ltd., the world's biggest maker of generic drugs, sued AstraZeneca Plc, claiming its cholesterol drug Crestor violates a U.S. patent.[...]
Unisys Corp. said today that it has named former Gateway chief executive J. Edward Coleman as its new chairman and CEO.[...]
WASHINGTON - The Federal Reserve has granted approval for Japan's largest bank to buy a stake in U.S. investment giant Morgan Stanley.[...]
Wachovia, Citigroup and Wells Fargo have called a truce in the fight over who will control the troubled North Carolina-based bank, according to a statement released this afternoon by Wachovia.[...]
Kulicke & Soffa Industries Inc., Fort Washington, announced today that it had completed its acquisition of Orthodyne Electronics Corp., of Irvine, Calif., for 7.1 million shares of K&S; common stock, plus $80 million in cash.[...]
Congress heard Monday that Lehman Brothers, days away from becoming the largest bankruptcy in U.S. history, was pleading for a federal rescue while steering millions in dollars to departing executives.[...]
Penn Treaty American Corp., an Allentown long-term-care insurance company, said yesterday that its primary insurance subsidiary will be considered insolvent unless it can raise at least $100 million by Jan. 1.[...]
US Airways Group Inc. ranked third among major airlines in on-time arrivals and baggage handling in August, a big improvement from recent years.[...]
A federal judge in Ohio ruled that retirees of Morton Salt Co., owned by Rohm & Haas Co., have a vested right to retiree health benefits and the company did not have the authority to reduce them.[...]
Philadelphia-area housing prices have a small risk of being lower in two years, according to a study by the PMI Mortgage Insurance Co.[...]
The U.S. Department of Labor's Occupational Safety and Health Administration has cited Pepsi-Cola and National Brand Beverage Ltd. of Pennsauken with $195,000 in penalties for alleged workplace safety and health violations.[...]
Nobel Learning Communities Inc. of West Chester said today that a committee of independent board members would evaluate a possible acquisition of the company by Knowledge Learning Corp.[...]
Remember all the way to June 20, when the average gas price hit the $4.16 mark? What a fall in prices, as the overnight average today was recorded at $3.50 in the five-county Philadelphia region.[...]
Liberty Property Trust announced today that it plans to sell 4.75 million common shares in an underwritten public offering.[...]
DETROIT - Tight credit, economic worries and high gasoline prices combined to cut automakers' U.S. sales once again in September, with beleaguered Ford Motor Co. reporting a 34 percent decline yesterday and Toyota Motor Corp. posting a 32 percent drop.[...]
Vanguard Group Inc. says Lehman Bros. Holdings Inc. may have improperly moved $500 million to an affiliate and has asked a Bankruptcy Court to reconsider sale of the securities firm's broker-dealer unit to Barclays P.L.C.[...]
Sometimes regulators, like generals, are so intent on fighting the last war that they ignore today's threats. The SEC's decision to ease up on "mark-to-market" rule enforcement during the current loan and bond market meltdown came after it ignored warnings last Spring from bank investors, and after two of the [...]
Semiconductor assembly equipment maker Kulicke & Soffa Industries Inc., of Fort Washington, said it completed the previously announced sale of its wire business unit to W.C. Heraeus GmbH, of Hanau, Germany, for $165 million.[...]
Sovereign Bancorp Inc., which has been struggling with losses from bad loans and investments, today named a new president and chief executive.[...]
NEW YORK - Wall Street's worst fears came to pass yesterday when the government's financial-rescue plan failed in the House of Representatives and stocks plunged precipitously - hurtling the Dow Jones industrials down nearly 7 percent.[...]
Shares of Sovereign Bancorp Inc. plummeted 72.16 percent yesterday, a staggering drop that analysts blamed mostly on a spillover from the sell-off of financial stocks on Wall Street.[...]
The sky isn't falling, but the price of gas is.[...]
Laurie Magid, acting U.S. Attorney in Philadelphia, announced today that Cephalon Inc. will pay $425 million to settle allegations of off-label marketing of three of the company's drugs.[...]
WPCS International Inc., an Exton engineering-services firm, said today that it won $10 million worth of contracts.[...]
