PHILADELPHIA — Some harrowing phrases in response to the high-tech industry's worst market downturn are popping up in executive comments, conjuring up nightmares from the past about what the industry might expect in 2009 and beyond.

Wall Street's woes are definitely being felt in the blocks around Front and Market. Five out of six retailers I spoke with last week said their sales have slowed along with the U.S. economy.And with the stock market in a seemingly endless meltdown, they\

U.S. stocks rose sharply on Thursday as the government reported the economy grew at a surprisingly robust clip in the second quarter and oil prices eased, driving gains in major industrial and financial companies.

Sumitomo Rubber, a diversified industrial manufacturer of rubber products such as tires, sport equipment and office automation equipment from Japan has established a presence at the Dubai Airport Free Zone.

U.S. industrial activity is falling at the fastest pace in decades, two reports showed Thursday, adding to evidence that the credit crunch is causing the economy to reverse faster than expected.