HoustonChronicle.com -- Business
Six months ago, the Bush administration quietly eased some restrictions on the export of sensitive technologies to China. The new approach was intended to help American companies increase sales of high-tech equipment to China despite tight curbs on sharing technology that might have military applications.
MarketWatch.com - MarketPulse
NEW YORK (MarketWatch) -- Penn Treaty American Corp. said Monday that it has retained Friedman, Billings, Ramsey & Co. to assist its board in reviewing strategic alternatives, which could include partnerships or the sale of certain assets. Based on a preliminary report by its actuarial consultants, the Allentown, Pa., insurance company believes that it will have to increase claim reserves and that there may be offsetting or partially offsetting reductions in active life reserves. The valuation analysis is expected to be completed during the first quarter of 2008. Shares of Penn Treaty closed Friday at $6.49.