Goldman Sachs is committing $20 million dollars, part of their 10,000 Small Businesses initiative.
On Wednesday at City Hall, Mayor Nutter welcomed the effort.
Chris discusses the latest war of words in the campaign for President. He talks to Steve Cordasco on Finance Friday, Beasley Reece about the Eagles pre-season win over the Eagles and Sixers blockbuster deal for Andrew Bynum, and to Political Analyst Mary Matalin.
City Council is planning hearings into whether Wall Street took Philadelphia and its school district to the cleaners by pushing complicated bond deals called “interest rate swaps.”
“Facebook,” the social networking web site, may be filing its long-awaited initial public offering (“IPO”) later this week. But it will probably be months before the company will be offering any stock.
Jon Corzine stepped down Friday from running the securities firm that collapsed after his disastrous bets on European debt. The move was announced as a criminal probe of the company appeared to be intensifying.
Megan DeSmedt of the organization PennPIRG calls the US House-passed spending resolution “wrongheaded” and hopes that the Senate will take a different path.
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