PENNSYLVANIA

IBTimes Logo

UBS whistleblower in prison, court rules on files

The chief whistleblower in the UBS AG tax secrecy probe entered prison to serve a sentence he considered unfair, hours after a Swiss court ruled the bank should not have been forced to turn over client files to government investigators.

Ex-McKinsey exec: Rajaratnam paid $1.75 million for tips

IBTimes Logo
A former director of McKinsey & Co told a court on Thursday that Galleon hedge fund founder Raj Rajaratnam paid him $1.75 million in exchange for tips on clients of the consulting firm, giving prosecutors potentially more ammunition in the insider-trading case.

Police Woman TV producer David Gerber dies, age 86

IBTimes Logo
Award-winning television producer David Gerber, who worked on a range of programs from series like 1970s hit Police Woman to 2006 TV movie Flight 93, has died at age 86, his spokesman said on Tuesday.
More news
IBTimes Logo

Air pollution may lessen asthma inhaler benefits

Air pollution, which tends to inflame the airways in people with asthma, might also reduce the effectiveness of the rescue inhalers they count on for quick relief of their asthma symptoms, study findings hint.
IBTimes Logo

Egypt's Orascom Telecom says Link sale on hold

Egypt's Orascom Telecom (ORTE.CA) (ORTEq.L) said on Monday it had suspended talks on the sale of its internet subsdiary LINKdotNet until it resolves a dispute with France Telecom FTA.PA.
IBTimes Logo

Tower Bancorp to buy First Chester for $65 mln

Tower Bancorp Inc (TOBC.O) agreed to buy First Chester County Corp (FCEC.O) for about $65 million, or $10.22 per share, in an all-stock deal to expand into southeastern Pennsylvania, the companies said.
IBTimes Logo

Simmons Bedding financiers seek Chinese bidder: report

A group of financiers is trying to put a U.S. mattress maker now under bankruptcy court protection into play by encouraging Chinese bidders to top an already arranged offer for Simmons Bedding Co. , the Wall Street Journal reported late on Saturday.
IBTimes Logo

Q+A: Environmental fears over U.S. shale gas drilling

PHILADELPHIA - The boom in shale natural gas drilling has raised hopes the United States will be able to rely on the cleaner-burning fuel to meet future energy needs. But concerns about its impact on water quality could slow the industry's ability to tap this bountiful resource.
IBTimes Logo

FACTBOX: Shale gas stirs energy hopes, environment concerns

The boom in shale natural gas drilling has raised hopes the United States will be able to rely on the cleaner-burning fuel to meet future energy needs, but concerns about its impact on water quality could slow the industry's ability to tap this bountiful resource.
IBTimes Logo

One percent of U.S. children have autism: study

Autism, a brain disorder that interferes with communication and social skills, affected an estimated one in 110 American 8-year-olds in 2006, according to a federal study released Friday.
IBTimes Logo

Ultra Petroleum to buy assets in Marcellus Shale

Ultra Petroleum Corp (UPL.N) said it would pay about $400 million to an unnamed private company to buy a stake in the burgeoning U.S. Marcellus Shale region, the latest oil and natural gas explorer to expand its footprint in the area.
IBTimes Logo

Citi could face heavy U.S. influence for some time

Citigroup Inc's Vikram Pandit endured a brutal capital raising episode this week in an effort to win the bank's freedom from close government oversight, but the bank's CEO may have won less than he hoped.
IBTimes Logo

Wall St sinks as dollar soars, FedEx loses altitude

U.S. stocks fell on Thursday as the dollar's rebound spurred a safe-haven trade, cutting demand for riskier assets, while a soft profit outlook from economic bellwether FedEx sank transportation shares.
IBTimes Logo

Data lifts Wall Street in light trading

Stocks advanced on Thursday as data showed continuing claims for jobless benefits fell while the trade gap unexpectedly narrowed for October, which should provide a lift to the economy.
IBTimes Logo

Jobless claims, trade data lift Wall Street

Stocks advanced on Thursday as data showed continuing claims for jobless benefits dropped while the trade gap unexpectedly narrowed for October, which should provide a lift to economic growth.
IBTimes Logo

Obama pushes plans for more job creation

President Barack Obama on Tuesday offered modest steps to spur jobs and defended his push to get the U.S. economy growing, amid deep public dismay over double-digit unemployment that has eroded his popularity.
IBTimes Logo

3M, McDonald's drag Wall Street lower

Stocks fell on Tuesday after a disappointing outlook from 3M Co and a second straight month of falling domestic sales at McDonald's Corp triggered concern about consumer spending.
IBTimes Logo

Bernanke says economy improving

Federal Reserve Chairman Ben Bernanke on Monday said the U.S. economy's recovery remained fragile and unemployment may be high for some time, cooling anticipation of an early increase in U.S. interest rates.
IBTimes Logo

Bernanke says economy improving, faces headwinds

Federal Reserve Chairman Ben Bernanke on Monday said the U.S. economy's recovery remained fragile and unemployment may be high for some time, cooling anticipation of an early increase in U.S. interest rates.
IBTimes Logo

U.S. recovery appears firmer as unemployment drops

U.S. employers cut far fewer jobs than expected last month in the best showing for the labor market since the recession began, lifting the beleaguered U.S. dollar as investors bet a sustainable recovery was building.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.