Pa. to aid growth of two firms in area

Article Abstract:

The state of Pennsylvania granted a total of $9.9 million in subsidies to Merck & Co. and Villanova Capital for both companies to boost employment and for Merck to expand its research and manufacturing complex.

Investment Banking, Receipt of funds, Pharmaceutical Preparation Manufacturing, Pharmaceutical preparations, Drugs, Investment banks, Merck and Company Inc., Villanova Capital

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Morgan Stanley castaways rebound

Article Abstract:

Most of the senior stock-pickers escorted out of Morgan Stanley's West Conshohocken office have already found work in Philadelphia's healthy investment sector. The senior stock-pickers were hired by investment firm in places such as Berwyn, Radnor, Center and New York City.

Legal issues & crime, Executive changes & profiles, Personnel administration, Securities & Commodities Services, Securities, Commodity Contracts, and Other Financial Investments and Related Activities, Officials and employees, Company legal issue, Investigations, Recruiting, Securities industry, MWD, Industry hiring, Morgan Stanley

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PhilEx renews bid for growth after collapse of merger talks

Article Abstract:

New York, NY-based National Association of Securities Dealers (NASD) has terminated its takeover talks with the 206-year-old Philadelphia Stock Exchange after the year-old negotitations collapsed. The approximately 2,000 workers and local stock dealer firms at the member-owned Philadelphia Stock Exchange now appear to be secure.

Securities and Commodity Exchanges, Acquisitions & mergers, Securities Exchanges, Exchanges, Philadelphia Stock Exchange Inc., National Association of Securities Dealers Inc.

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