Friday, April 5, 2013
Friday, April 5, 2013

Business

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AmeriHealth Mercy Family of Cos., of Philadelphia, received final approval Friday to take over the operations of the financially troubled DC Chartered...
Philadelphia's red-light cameras continue to provide millions for road projects around the state, but less of the money is coming back to the city.
The boards of Catholic Health East and Trinity Health, which are planning to complete a merger of the two health systems next month, named Judith Persichilli interim chief executive of the combined entity.
Double Down: Steve Wynn talks about his design decisions for Wynn Philadelphia, proposed for 60 waterfront acres in Fishtown.
Inquiring Consumer: Reports say Obama will again propose a supposed "technical fix" to Social Security: Using a "chained consumer price index" that reflects consumers' ability to choose substitutes as prices rise.
PhillyDeals: The weak jobs report shouldn't have surprised investors, since the economy has already been facing higher labor costs, weak durable-goods demand and slow factory orders, factory analyst John Baliotti told clients at Philadelphia-based Janney Capital Market this morning. Employers have little need to hire, he noted.
The Corbett administration has ordered the cancellation of an $8.6 million PennDot contract with a Colorado firm implicated in a recent grand jury investigation of the Pennsylvania Turnpike Commission.
Jobbing: This is the first month since June 2012 when the number of jobs added didn't top the break-even threshold of 100,000 jobs. That's the amount economists say is needed each month to keep pace with population growth.
Stocks fell on Wall Street Friday after the government reported a sharp slowdown in hiring last month that was far worse than economists had expected.
Boeing put its 787 battery fix through a "final" flight test on Friday and will soon submit the data to regulators, who the aircraft maker hopes will sign off on the new battery system and allow the 787 back in the air.
Anheuser-Busch InBev has reached a tentative agreement with the Department of Justice over its disputed $20.1 billion acquisition of Mexican brewer Grupo Modelo.
A New York judge has approved Bank of America's $2.43 billion settlement of a class action lawsuit brought by shareholders over the company's acquisition of former competitor Merrill Lynch.
MF Global's parent company has won court approval for its liquidation plan.
DISAPPOINTING JOBS: Stocks fell after the government reported a sharp slowdown in hiring last month. The report was worse than economists were expecting.
The U.S. economy added just 88,000 jobs in March, a sharp drop from the average 221,000 created in the previous four months. At the same time, the unemployment rate fell to 7.6 percent from 7.7 percent in February.
It's a data leak involving tens of thousands of offshore bank accounts, naming dozens of prominent figures around the world. And new details are being released by the day _ raising the prospect that accounts based on promises of secrecy and tax shelter could someday offer neither.
Stocks fell on Wall Street Friday after the government reported that U.S. employers added the fewest jobs in nine months in March. More people also gave up looking for work. The number of jobs grew at about half the pace of the previous six months. The report was worse than economists were expecting. The Standard & Poor's 500 logged its biggest weekly decline of the year.
One thousand curious fans filled the grand ballroom and balcony of the Hyatt at the Bellevue in Center City Thursday to hear the Sheryl Sandberg prescription for gender equality:
Insights & Analysis
Diane Mastrull: John Martorano Jr. spends each day amid pallets heaped with junked computer towers and monitors, burned-out TVs, vacuums past their sucking prime, and old police scanners that have squawked for the last time.
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