May 13, 2008 |
Sovereign Bancorp Inc. said yesterday that it planned to raise $1.5 billion in the latest move by big banks to replenish balance sheets depleted by the failure of risky loans made during the credit boom that collapsed last year. Sovereign, officially headquartered in Philadelphia although its chief executive works in Boston, said it will attempt to sell $1 billion in common stock and $500 million in fixed-rate subordinated notes. Last year, Sovereign was the fourth-largest bank in the region, with 82 branches and $10.28 billion in deposits, according to the Federal Deposit Insurance Corp.
January 16, 2008 |
Merrill Lynch & Co. Inc. said yesterday that it was getting a fresh cash investment of $6.6 billion to strengthen its balance sheet, led by three foreign investment groups. The investors also include New Jersey's pension fund, which said yesterday that it would invest $700 million in Merrill and Citigroup Inc. Merrill Lynch has been raising capital after losing billions of dollars on bad bets in the mortgage market. Rising delinquencies and defaults among mortgages have forced banks to write down the value of bonds and debt backed by the troubled loans.
February 8, 2008 |
Critical Homecare Solutions Holdings Inc., of Conshohocken, said yesterday that it was being acquired by a publicly traded acquisition company in a stock deal for $420 million. Critical Homecare, which provides at-home infusion therapy and specialty-infusion services to patients with acute and chronic medical conditions, will remain in Conshohocken. Under terms of the acquisition, MBF Healthcare Acquisition Corp., of Coral Gables, Fla., will change its name to Critical Homecare Solutions and its stock will continue to be traded publicly on the American Stock Exchange.
June 9, 1993 |
PharmaSciences Inc., a West Conshohocken company working on drug-delivery techniques, said yesterday that financial problems probably would force it to liquidate. Philip F. Heimlich, president and chief executive of the firm, said a restructuring plan announced in January would not be completed. The company, formerly called Himedics Inc., was renamed in January, at the same time that shareholders approved the restructuring plan and the acquisition of Controlled Therapeutics Ltd. Himedics had been based in Hollywood, Fla., before moving to the Philadelphia area and being taken over by three former executives of Rhone-Poulenc Rorer Inc., the Collegeville, Montgomery County, drug company.
May 15, 2008 |
Over the years while serving the City of Philadelphia as a deputy city solicitor for civil rights, I represented successfully in many trials, and/or interviewed, hundreds of police officers about the dangers of their jobs. I witnessed firsthand in court the unfair second-guessing of split-second decisions officers made in situations most people would run away from. My most cherished award came from the Fraternal Order of Police for my dedication to law enforcement. I also sat in the Cathedral of SS. Peter and Paul on Friday and watched with great sadness and pain the funeral for our most recent fallen police officer.
March 28, 2008
WHEN WE FIRST found out that my wife had cancer, we were told that she had between three and eight months to live. Needless to say, we were agitated, worried and extremely sad. Then we switched to Jefferson and right away, started to feel better. They made us feel that there was hope and good things ahead. That was two years ago! They didn't even know us, but we were treated like family! Their good cheer and caring nature really did more good than any medicine or needles. Although we don't expect miracles, at least we feel hope, cheerfulness and we're able to smile.
December 11, 2011 |
ATLANTA - In what's being called a landmark study, researchers used gene therapy to successfully treat six patients with severe hemophilia, a blood-clotting disorder. The study was preliminary and involved only six patients, and other promising early attempts to use gene therapy against hemophilia ultimately failed. But a single infusion using the new treatment worked in some patients for more than a year, boosting their clotting ability significantly. "I think this is a terrific advance for the field.
July 30, 2010 |
Ladawna Leeth of Eastampton is living proof that cancer can, in some ways, change a person's life for the better. Despite the treatment and tribulations that accompany a diagnosis, cancer tends to put patients' priorities into perspective and refine their life goals, said Leeth, 46, the newly appointed director of the Cancer Institute of New Jersey Hamilton, an adjunct to the Robert Wood Johnson University Hospital campus in Mercer County. Leeth, a 22-year thyroid cancer survivor, draws on her experience to create the best treatment plan for CINJ Hamilton's patients.
March 22, 2004 |
Last fall, during a friendly phone conversation in the early stages of my retirement, I ran my hand idly over my chest and found a lump that was about to place me in the extreme minority of the adult male population. The ensuing doctor visits and tests all pointed to the same diagnosis: At 59, I had breast cancer. The words from Dr. Beth DuPree of Langhorne put it all into sobering perspective: "Only about 1 percent of the breast cancer population are men, but they tend to ignore symptoms and have more advanced disease when they finally seek treatment.
September 24, 1996 |
There should be no sophomore jinxes this season in area girls' soccer. A number of outstanding freshmen from last year have picked up right where they left off. According to coaches, this year's group of sophomores is well above average and will make a significant impact throughout South Jersey. Last season, four freshmen scored 20 or more goals. Leading the way was Quinn Sellers of Burlington Township with 31, followed by Cumberland's Alexis Seeley (24) and Delran's Erika "Boo" Schubert and Mainland's Jean Turner (both 20)