Thursday, September 18, 2014
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On the eve of a contentious City Council debate about the sale of the Philadelphia Gas Works, the utility's prospective buyer reached out directly to PGW employees on Wednesday to reassure a worried workforce about its benefits package.
An investigation into an unsuccessful investment by the Pennsylvania State Employees' Retirement System (SERS) has "found no evidence of illegality" by Anthony Clark, the system's former chief investment officer, who persuaded the system to pump $250 million into Tiger Management Advisors as the first step in a planned hedge fund strategy.
NEW YORK (AP) - The Dow Jones industrial average is closing at a record high after the Federal Reserve maintained its stance on record-low interest rates.
The Street: In 2014 alone, Whisper, Secret, and Yik Yak, three young smartphone apps for exposing your private thoughts anonymously, have collectively raised more than $80 million. It's a staggering figure for such a high-risk market.
The agency responsible for safety on the nation's roads was years late in detecting a deadly problem with General Motors cars and lacks the expertise to oversee increasingly complex vehicles, congressional Republicans charged in a report Tuesday.
The Street: Most reviewers said their personal preference would not be for the larger screen iPhone 6 Plus, Apple's first foray into the "phablet" market where Samsung has already entered.
The Street: Yesterday the Senate blocked a vote on the Bank on Students Emergency Loan Refinance Act, which would have let people with lingering student loans refinance them at the same rates offered to new borrowers.
NEW YORK (TheStreet) -- The Federal Reserve may be ending its monetary stimulus, but it's not quite ready to start signaling higher interest rates. For&hellip...
WASHINGTON – In the waning days before lawmakers leave Washington, the House got something done Tuesday behind an effort led by U.S. Rep. Mike...
WASHINGTON (AP) - The Federal Reserve signaled Wednesday that it plans to keep a key interest rate at a record low because a broad range of U.S. economic measures remain subpar.
U.S. homebuilders' confidence in the market for new, single-family homes surged this month to the highest level in nearly nine years.
NEW YORK (AP) - Amazon keeps rolling out the devices.
TOKYO (AP) - Japan logged a 948.5 billion yen ($8.7 billion) trade deficit in August, the 26th straight month of red ink, as slack demand from China and the U.S. stymied exports, the Finance Ministry said Thursday.
ALBUQUERQUE, N.M. (AP) - A group of taxi and limousine operators has filed a lawsuit seeking to stop ride-sharing services from operating in New Mexico.
TOPEKA, Kan. (AP) - Independent candidate Greg Orman's business dealings faced new scrutiny Wednesday in Kansas' unexpectedly competitive U.S. Senate race, as he acknowledged his friendship with a former Goldman Sachs board member sentenced to federal prison for insider trading.
NEW YORK (AP) - Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:
WASHINGTON (AP) - Federal health experts say there is little evidence that testosterone-boosting drugs are effective for treating common signs of aging and large studies are needed to support their continued use in millions of American men.
WASHINGTON (AP) - The Federal Reserve signaled Wednesday that it plans to keep a key interest rate at a record low because a broad range of U.S. economic measures remain subpar.
EDINBURGH, Scotland (AP) - For Scots, Wednesday was a day of excitement, apprehension, and a flood of final appeals before a big decision. In a matter of hours, they will determine whether Scotland leaves the United Kingdom and becomes an independent state.
The Obama administration has given Philadelphia $2.5 million to figure out how to finally fix Roosevelt Boulevard, the 12-lane deathtrap that runs through the Northeast.
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