Wednesday, September 17, 2014
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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 convinced 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.
PhillyDeals: "The report, issued by Obermayer Rebmann Maxwell & Hippel, LLP on behalf of SERS, found that Clark did nothing illegal, unethical, immoral or against SERS policy while serving as the CIO of SERS," Anthony Clark said.
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.
PHILADELPHIA (AP) - Police searching for a group of people suspected in the beating of a gay couple got an outpouring of help from Twitter and Facebook users, who located a photo of the clean-cut young men and women at a restaurant and helped match names to faces.
FRANKFURT, Germany (AP) - Investors have bought billions of euros in German treasury notes that pay negative interest - meaning the purchasers agreed to pay a small fee for the privilege of lending the German government their money.
NEW YORK (AP) - What do small business owners need to pay attention to this fall? Heath care, Internet Security and new technology make the list. Here are five things that small businesses need to be on top of over the next several months:
Walgreen provided enough flu shots last season to protect a population roughly twice the size of Los Angeles.
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 Northeast Philadelphia.
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