NEW YORK - Wall Street surged higher last week, but that's cold comfort to people whose stock portfolios are still down more than 10 percent this year.
Dollar Financial Corp., a Berwyn company that operates stores that serve as an alternative to banks, announced today that its board of directors has authorized the repurchase of $7.5 million in common stock, the maximum amount allowed under...
Ametek Inc., a Paoli company that makes electronic instruments and electromechanical devices, had a good second quarter, so good that it raised its earnings forecast.
The Unisys Corp. subsidiary in the United Kingdom today announced that it has won a $63 million contract to create and manage an information network for the Kent County Council in England.
Gas prices fell over the weekend, both locally and nationally, AAA Mid-Atlantic reported today.
The Dow Chemical Co., which has drawn fire for controversies including napalm used in Vietnam and polluted run-off from its own Michigan headquarters, still gets high marks in many quarters for its corporate citizenship.
WASHINGTON - For years, mortgage giants Fannie Mae and Freddie Mac tenaciously worked to nurture, and then protect, their financial empires by invoking the political sacred cow of homeownership and fielding an army of lobbyists, power brokers...
PNC Financial Services Group Inc. today reported that net income for the second quarter rose 19 percent over the comparable quarter of 2007.
PITTSBURGH - Countrywide Home Loans Inc. has agreed to pay a Chapter 13 bankruptcy trustee $325,000 to settle allegations that the mortgage lender sought improper fees or payments from bankrupt homeowners and otherwise violated bankruptcy court...
Pittsburgh-based PNC Financial Services Group Inc. announced today that its PFPC business unit has been renamed PNC Global Investment Servicing.
WASHINGTON - The Federal Reserve has adopted rules to give home buyers more protection from the types of shady lending practices that have contributed to the housing crisis and propelled foreclosures to record highs.
Company chairman Sandy Wiggins and chief executive officer Frank Baldassarre today announced the formation of e3bank and said it expects to begin operation in the first quarter of next year.
NEW YORK - The Goldman Sachs Group Inc., the world's largest investment bank, said yesterday that second-quarter earnings had fallen about 10 percent. The numbers still easily beat Wall Street's lower expectations, aided by higher fees from...
The latest New Jersey budget proposal is a little kinder than its more Draconian predecessor, but the state's hospitals say some facilities probably won't survive even the smaller funding cuts.
A Philadelphia family of four needs to make more than $50,000 a year just to survive, according to a study being released today.