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Immediate government action is needed to stop U.S. corporations from avoiding federal taxes by shifting their tax domiciles overseas through deals known as inversions, the head of the U.S. Senate Finance Committee said on Tuesday.
American companies that merge with foreign competitors to lower their federal taxes also cut their state taxes, leaving states to mostly watch helplessly as their tax revenue drains away.
PhillyDeals: Can the private sector really borrow and build 560 bridges cheaper?
The Street: There's reason to be on edge as more news pours in about volatility in the the U.S. real estate market, with some especially sour news on the housing starts front. But a little analysis paints a more reassuring picture.
The Street: Hepatitis C virus (HCV), a chronic disease that affects millions of Americans, can be cured with a 12-week regimen of an oral medication. At a price of $1,000 per pill.
With wounds from the Great Recession still fresh, chastened Americans are hoarding more cash in their checking accounts than at any time in the last 25 years.
Delta Air Lines' subsidiary Monroe Energy L.L.C. has signed a five-year agreement with a Texas-based company, Bridger L.L.C., to receive 65,000 barrels of domestic crude a day at its oil refinery in Trainer, Delaware County.
US Airways suspended its daily flight to Tel Aviv, Israel, from Philadelphia Tuesday, citing unrest and tensions in the area.
Do you want more service on your SEPTA train line? Would you like a bus route closer to your home?
A Superior Court jury in California has awarded $16.2 million in damages to a Sacramento-area homeowner who said that PHH Mortgage Solutions, based in Mount Laurel, botched his loan modification and nearly cost him his house.
Sales of previously owned homes rose for a third straight month in June, pushing activity to the highest level in eight months and providing evidence that housing is regaining lost momentum.
WASHINGTON (AP) - Senate Democrats are preparing to significantly cut President Barack Obama's request for emergency funding to deal with an influx of Central American children streaming across the border with Mexico.
WASHINGTON (AP) - The Environmental Protection Agency's fight to clean up water pollution is getting a splash of pop culture, thanks to a flub involving reality TV star Kim Kardashian.
DEARBORN, Mich. (AP) - Ford says its aluminum-sided F-150 pickup will hold its own against rivals despite its lighter weight.
NEW YORK (AP) - Solid earnings for a range of big companies helped nudge the stock market higher on Tuesday. The restaurant chain Chipotle and the cable giant Comcast surged after reporting better results than Wall Street expected.
NEW YORK (AP) - Just as the U.S. economy is strengthening, other countries are threatening to drag it down.
NEW YORK (AP) - Pricey fruit and vegetable juices have become fashionable among those on a quest for fitness, and now V8 is trying to grab their attention.
WASHINGTON (AP) - President Barack Obama's health care law is enmeshed in another big legal battle after two federal appeals courts issued contradictory rulings on a key financing issue within hours of each other Tuesday.
JERUSALEM (AP) - A rocket fired from the Gaza Strip landed near Israel's main airport Tuesday, wounding one Israeli and prompting all U.S. and some European and Canadian airlines to cancel flights to Tel Aviv - a reflection of high anxiety over air travel after the downing of a Malaysian jet over Ukraine.
ATLANTIC CITY - This resort faces the prospect of having four major vacancies on its famed Boardwalk come mid-September. The grim reality sank in July 14 when Trump Plaza issued layoff notices and targeted Sept. 16 as the date to cease operating as a casino.