4 Company Business IndicatorsNew Orders28

Howe er, indicators or generalacti ity, new orders, and shipments suggested that the weakening was less se erethan in December Respondents reported continued declines in employment. irmsalso reported lower prices or inputs and or their own manu actured products inJanuary. Some indicators or uture business conditions impro ed rom their lowreadings o er the past se eral months, suggesting that the regionsmanu acturing executi es expect some impro ement in conditions during the irsthal o this year. Howe er, irms expect employment losses to continue o er thenext six months. The sur eys annual historical re isions, which incorporate new seasonaladjustment actors, were released on Thursday, January 8, 2009. Re isions orselected series rom 2004 to 2008 are listed on pages 3-4 o this release.

The ull set o re ised historical data is a ailable at: BUSINESS OUTLOOK SUR EY January s DecemberSix Months rom Now s. JanuaryJanuary 2009Pre ious IncreaseNo DecreaseDi usion Pre ious IncreaseNo DecreaseDi usion Di usionChange Index Di usionChange Index Index Index What is your e aluation o the le el o general business acti ity-36.118.6 34.842.9 -24.3-10.434.6 31.027.2 7.4 Company Business IndicatorsNew Orders-28.220.4 36.942.7 -22.3-4.1 38.2 29.026.8 11.4Shipments -29.721.3 37.537.9 -16.7-1.0 35.7 28.031.9 3.9 Un illed Orders -30.49.647.840.7 -31.1-14.217.3 49.029.3 -12.0 Deli ery Times-22.76.858.533.3 -26.5-19.37.865.422.4 -14.7 In entories -33.714.9 34.749.5 -34.6-46.013.8 43.337.4 -23.6 Prices Paid -25.511.1 50.838.1 -27.0-20.524.8 48.021.2 3.7 Prices Recei ed -32.87.457.333.6 -26.2-14.814.2 54.723.9 -9.7Number o Employees -28.68.942.347.8 -39.0-27.67.451.936.7 -29.3 A erage Employee Workweek -31.63.956.234.2 -30.3-21.412.3 53.925.3 -13.0 Capital Expenditures -18.414.3 41.230.7 -16.4 NOTES: (1) Items may not add up to 100 percent because o omission by respondents.(2) All data are seasonally adjusted.(3) Di usion indexes represent the percentage indicating an increase minus the percentage indicating a decrease.(4) Sur ey results re lect data recei ed through January 13, 2009 Special Questions (January 2009)1. Since October, ha e either your irm or your customers experienced problems obtaining credit to inance ongoing acti ities January 2009October 2008Your irmYour Your irmYourcustomers customers Yes11.837.613.829.9 No 80.022.477.730.9 No response8.2 40.08.5 39.2 Total100.0 100.0 100.0 100.02. I yes, ha e the problems a ected le els o your own production or in entories January 2009October 2008 Production 20.0 18.1In entories7.16.4 Other7.13.2 3. Ha e recent changes in inancial conditions prompted your irm to re ise its planned spending on new plant or equipment o er the next six to 12 months January 2009October 2008 Substantial downward re ision41.3 14.5Small downward re ision27.5 27.8No change26.2 46.4Small upward re ision2.54.1 Substantial upward re ision2.53.1 In January 2009, irms were also asked i some projects were delayed until later in the year (16.5 percent) and/or some projects postponed inde initely (10.6 percent).4.

I your irm plans to decrease spending on new plant and equipment, what are the major actors behind your plan JanuaryOctober2009 2008Expected growth o sales is low54.146.4 Capacity utilization is currently low50.633.0 Limited need to replace in ormation technology 23.516.5 Limited need to replace other capital goods32.925.8 Cost or a ailability o credit 7.1 13.4 irms cash low or balance sheet position has not impro ed30.617.5 Outsourcing1.2 2.1Other actors8.2 6.2These numbers may not add to 100 percent because respondents can check more than one option. ederal Reser e Bank o PhiladelphiaKatherine Dibling, senior media Copyright Business Wire 2009. Pomerantz Announces $350 Million Settlement With United Healthcare, the LargestPri ate Health Care Settlement E er Achie edNEW YORK, Jan. 15, 2009 (GLOBE NEWSWIRE) Less than a year a ter PomerantzHaudek Block Grossman & Gross LLP announced a record-setting settlement withHealth Net, Inc., alued by the Court at $249 million (including a $200 millionsettlement und), it reports yet another settlement with United Healthcare Groupwhich ups the ante once again. Pursuant to the settlement agreement, UnitedHealthcare will create a $350 million settlement und, rom which insuredmembers and their out-o -network pro iders will be entitled to make claims orreimbursement or United Healthcare's inadequate reimbursement le els. Inaddition, United Healthcare agreed in the settlement to enter into an Assuranceo Discontinuance with the New York Attorney General, pursuant to which it wouldpay $50 million to und the creation o a new and independent UCR database. Thenew database would replace the old databases promulgated by Ingenix, Inc., awholly-owned subsidiary o United Healthcare, which are used by numerousinsurers to set usual, customary and reasonable ("UCR") rates or out-o -networkser ices.

The Ingenix databases are alleged to be inherently lawed and unableto establish proper UCR rates."This settlement is truly historic," said Stanley M Grossman o Pomerantz. "Itnot only establishes the largest settlement und e er achie ed in a pri atehealth care litigation, but, working through the Attorney General, it pro ides or resol ing the entire Ingenix problem with the creation o a properlyindependent database."The case was irst iled in 2000 by the American Medical Association, theMedical Society o the State o New York and the Missouri State MedicalAssociation, along with arious indi idual subscribers and pro iders who hadbeen ad ersely a ected by United Healthcare's UCR practices. According to D.Brian Hu ord, the Pomerantz partner primarily responsible or the litigation,"this settlement is the result o tremendous e orts o er the last nine years tobring to light the Ingenix-UCR issue, and inally to achie e such a tremendousresult is ery satis ying." While the settlement still must be appro ed by theCourt, Mr. Hu ord adds that "we are con ident that the Court will recognize how aluable the settlement is or the members o the class." or questions or inquires regarding the settlement, please contact Robert J.Axelrod () at 888.476.6529 (or 888.4-POMLAW), toll ree.The Pomerantz irm, which has o ices in New York, Chicago, Washington, D.C.,Columbus, Ohio and the San rancisco Bay area, is acknowledged as one o thepremier irms in the areas o corporate, securities, and antitrust classlitigation ounded by the late Abraham L. Pomerantz, known as the dean o theclass action bar, the Pomerantz irm pioneered the ield o securities classactions. Today, more than 70 years later, the Pomerantz irm continues in thetradition he established, ighting or the rights o the ictims o securities raud, breaches o iduciary duty, and corporate misconduct.