Junk rating for West Penn merger bonds in Pittsburgh
Moody's assigns a B1 junk rating to about 430 million dollars of West Penn Health System merger bonds. The rating cites a weak financial profile though outlook remains stable due to debt restructuring and a 125 million dollar working capital loan from Highmark Blue Cross and Blue Shield.
MENTIONED IN THIS ARTICLE
Pittsburgh
Moody’s Investor Service
West Penn Health System
Allegheny General Hospital
Moody’s
Highmark Blue Cross
Blue Shield
Hotel Strike Showcases Thirst for Workers in Booming Market
In Minneapolis the six day old strike at the Crowne Plaza Northstar draws attention as workers led by Yatta Staples picket the Rosewood Room. Industry experts say a tight labor market gives hotel staff leverage while unions press high pay and benefits as demand climbs in a thriving hospitality sector. The Bureau of Labor Statistics projects stronger hotel growth than the overall economy from 1998 to 2008, with profits up sharply in 1998, signaling sustained demand for labor despite unrest.
MENTIONED IN THIS ARTICLE
Minneapolis
Minn
Yatta Staples
Crowne Plaza Northstar
Staples
the Northstar
Robert Nozar
Hotel and Motel Management
Cleveland
Nozar
San Francisco
Los Angeles
Kathy Seal
Santa Monica
Calif
Bureau of Labor Statistics
U.S. Department of Labor
Minnesota
U.S
Scripps Howard News Service
Area Stocks Update From New Castle Market
Over-the-counter stocks list bid prices as of 10 30 a m today. Figures provided by Parker Hunter Inc New Castle office.
MENTIONED IN THIS ARTICLE
New Castle
Parker/Hunter Inc
Workers clash over 401(k) plans and employer duties
Lawsuits filed by Sprenger Lang highlight conflicts as workers accuse employers of mismanaging retirement assets. Cases target New York Life, SBC Communications, and First Union Bank for steering investments, failing to disclose options, and timing stock sales. Analysts warn of broader legal duties to clearly inform participants and safeguard plan integrity.
MENTIONED IN THIS ARTICLE
Sprenger & Lang Law Firm
Washington, D.C
New York Life Insurance Co
SBC Communications
Pacific Bell
SBC
AirTouch Communications Inc
First Union Bank
Charlotte
N.C
Karen Ferguson
Pension Rights Center
Fred Reish
Reish & Luftman
Los Angeles County
Pac Bell
David Wray
Eli Gottesdiener
SEC
Darlene Haney
Simi Valley
Calif
AirTouch
Examiner
SBC Savings Plan
Gail Roberts
Vodafone
Vodafone AirTouch PLC
Scripps Howard News Service
Schwab to use smart Q and A on its Web site
Schwab will offer iPhrase based natural language Q and A on schwab.com this fall. Users type a question and receive a tailored answer with a dynamic data table drawn from relevant databases. The service aims to outperform simple search results and will be free to Schwab customers.
MENTIONED IN THIS ARTICLE
San Francisco
Charles Schwab & Co
Ask Jeeves
iPhrase Technologies Inc
Cambridge
Mass
Bob Sofman
Schwab
Schwab.com
Sofman
iPhrase
Massachusetts Institute of Technology
Scripps Howard News Service
Also Mentioned on This Page
UPMC
Upmc Health System
Manchester Bidwell Corp
William E. Strickland Jr
Harbor Gardens Park
Health System
Metropolitan Cafe
Bidwell Training Center
Urban Redevelopment Authority of
Manchester Craftsman’s Guild
Bidwell
American Hotel and Motel Association
At&t
Bell Atlantic
BEL
Calgon
Columbia Gas
First Energy
Mercer
Heinz
HNZ
Kmart
LTV Steel
Matthews
McDonalds
Mellon Bank
MEL
Mylan Labs
MYL
Natl City Bank
NCC
NS Group
NSS
PPG
Pereng Pgda
PGDA
Praxair
Respironics
RESP
Rockwell
ROK
Cee
Sky Finance
SKYF
Southdown
SDW
Steris
STE
Tollgrade
TLGD
Tuscarora
TUSC
Cee Wee
Ubics
UBIX
Nd United Finan
UCFC
USX
Wal-Mart
WMT
PTG
Pacific Telesis Group
John Riley
San Mateo
Air
Pacific Telesis
Riley
NEW Castle News
GEAT
Boardman, Warren
Austintown Plaza
King’s Place
Ron Barb
the Carpet King
Labog
Get Ra
Boardman-Poland Road
West Market
Warren
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