Wednesday, March 4, 2015

Business

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ATLANTIC CITY - Last-ditch Revel bidder Izek Shomof of Los Angeles arrived in Atlantic City on Tuesday with four developer friends to check out the beleaguered and twice-bankrupt closed casino and its power plant.
NEW YORK - U.S. stocks fell from record highs Tuesday and the Nasdaq dropped below 5,000 a day after passing that milestone for the first time since the dot-com era 15 years ago.
In the Region Lawncrest shopping center sold Cedar Realty Trust Inc., which has acquired shopping centers in Northeast and South Philadelphia and other...
WSFS Financial Corp., one of the biggest banks still based in the Philadelphia area, on Tuesday agreed to pay $92 million for Broomall-based Alliance Bancorp Inc., which operates eight branches in Delaware and Chester Counties.
Justin Dillon, former federal prosecutor and now a white collar defense lawyer, knows all too well the ways campus sexual abuse investigations can go wrong.
Philly-based CID Entertainment works with touring artists and festivals to enhance the fan experience.
BEIJING (AP) - Asian stock markets were mostly lower Wednesday after Wall Street declined and investors looked ahead to U.S. economic data and China's announcement of its annual growth target.
Pennsylvania's Marcellus Shale impact fee has channeled millions of dollars to areas affected by drilling, money local officials fear might be lost if Gov. Wolf's proposed severance tax on natural-gas production is adopted in Harrisburg.
Borgata Hotel Casino & Spa in Atlantic City announced plans to open two new entertainment venues this year, after receiving preliminary approval from the Casino Reinvestment Development Authority to use $14 million of its investment alternative tax payments to help pay for the projects.
It may seem counterintuitive, with all the data-breach reports, but a new study says ID theft has dropped for the second straight year. On the other hand, ID theft complaints to the FTC rose in 2014.
Six months after he announced the project and one month before its scheduled groundbreaking, developer Carl Dranoff begins taking reservations Wednesday for the 82 luxury condos he is building at One Riverside, at 25th and Locust Streets.
LONDON (AP) - A closely watched barometer of the 19-country eurozone economy shows growth in February running at a seven-month high, the latest in a string of evidence suggesting the region's recovery is gaining momentum.
WASHINGTON (AP) - The computer server that transmitted and received Hillary Clinton's emails - on a private account she used exclusively for official business when she was secretary of state - traced back to an Internet service registered to her family's home in Chappaqua, New York, according to Internet records reviewed by The Associated Press.
FRANKFURT, Germany (AP) - In Europe, SUV now stands for: Shrinking Utility Vehicle.
RIO DE JANEIRO (AP) - Brazil's attorney general on Tuesday asked the Supreme Court for permission to investigate 54 people, the majority top political figures, for alleged involvement in what prosecutors say is the country's largest corruption scandal yet uncovered.
SHANGHAI (AP) - China played down U.S. concerns that proposed anti-terror legislation would give the Chinese government sweeping power to police electronic communications and marginalize foreign companies fighting for a share of China's $465 billion technology market, saying Tuesday that the law is purely designed to address domestic security issues.
WASHINGTON (AP) - Two major U.S airlines say they will no longer accept rechargeable battery shipments as new government tests confirm that explosions and violent fires are likely to occur when large numbers of batteries enclosed in cargo containers overheat.
WASHINGTON (AP) - Fed Chair Janet Yellen may have gotten a job promotion last year, but her total assets don't appear to have gotten a bump.
Prime-time viewership numbers compiled by Nielsen for Feb. 23-March 1. Listings include the week's ranking and viewership.
Gov. Wolf's broad proposal to reshape Pennsylvania's corporate-tax structure comes as a 2013 law takes effect that was adopted specifically to close a tax loophole Wolf has opposed.
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