Reed Smith cutting some support staff
Citing the continuing economic slowdown and an expected drop in demand for services in 2009, the Reed Smith law firm said Wednesday it would be laying off about 115 support staff across its U.S. offices. MedQuist paying $6.6M to settle overbilling allegations
Medical transcription service provider MedQuist has paid the U.S. government $6.6 million to resolve allegations it overbilled government clients. Lenfest part of $2M gift to Seaport Museum
Independence Seaport Museum in Philadelphia received a gift of $2 million, it said Wednesday. Hoeganaes ending industrial work in South Jersey
Hoeganaes Corp., a manufacturer of ferrous powders, will close its last remaining industrial operations at its Cinnaminson, N.J., plant. Seven jobs will be lost. Latest unemployment figure for area 5.7%
Unemployment in southeastern Pennsylvania and South Jersey for October was below the national rate of 6.5 percent but is climbing to levels not seen in several years, according to data released by the U.S. Bureau of Labor Statistics. Tyco results to be at low end of estimates
Tyco Electronics Ltd. said Tuesday after the markets closed that its performance in its fiscal 2009 first quarter is tracking near the low end of the range of estimates it gave last month. (TEL) Argosy in on purchase of Joliet Equipment
A Philadelphia-area private equity fund took part in the acquisition of motor maker Joliet Equipment Corp. for an undisclosed sum. (FITB) Gannett cuts 200 N.J. jobs
Gannett Co. Inc. has cut 206 positions at six New Jersey newspapers, including some at its South Jersey paper the Courier-Post, the Courier-Post said Tuesday. (GCI) Lockheed Martin wins big NASA contract
The National Aeronautics and Space Administration said Tuesday it has awarded Lockheed Martin Corp. a contract worth $1.09 billion, including options, to build two to four satellites for the National Oceanic and Atmospheric Administration. (LMT) Cohen to chair Penn???s board of trustees
David L. Cohen, executive vice president of Comcast Corp. and chairman of the Greater Philadelphia Chamber of Commerce, has been nominated to become the next chairman of the University of Pennsylvania’s board of trustees.

Financial planning is a process of managing your finances to help you make the most of your money to achieve your goals. You may be preparing for retirement or want to make sure you can cover the cost of educating your children. ...