Sunday, April 19, 2015

Business

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Few of us are fond of mild, rainy summers like the one the Philadelphia region experienced last year. Nick DeBenedictis is definitely not a fan.
When the housing bubble exploded in 2007, it ripped away nearly 25 percent of the value of Bristol Township's homes. For many in this Bucks County community, short sales and foreclosures followed, slowly and painfully, over the next five years.
When John F. "Neutron Jack" Welch Jr. retired as chief executive of General Electric in 2001, after 20 years of shifting, selling, or shutting factories and expanding into TV networks and Asian loan offices, GE was the world's most valuable corporation.
ATLANTIC CITY, N.J. (AP) - The former lender to Atlantic City's Revel casino is offering $300,000 to get electricity turned back on at the complex.
The Street: When Netflix reported its first-quarter results late on Wednesday, there seemed to be little that the online video-streaming company was willing to not talk about.
Dave Ramsey: I got a department store credit card, using my real age at the time, when I was 17. I ran up a debt of $150, and the balance has grown to over $350. This was 10 or 12 years ago, but a debt collection agency started calling again the other day wanting the money. Hasn’t the statute of limitations run out by now? What should I do?
A federal judge in Camden on Friday blocked Glenn Straub's short-term plan for restoring electricity to the former Revel Casino Hotel in Atlantic City
A steakhouse and a Mexican restaurant are part of a planned addition to the office building.
TRENTON, N.J. (AP) - Ride-hailing companies like Uber and Lyft could be driven out of New Jersey if a bill lawmakers are considering becomes law.
One of my sons, who rides SEPTA's Subway- Surface Lines to work, wanted to know: "Why do all the trolleys have their own WiFi networks," each of them password-protected, and tantalizingly visible to connection-starved users as they stare at their mobile- network availability screens?
ATLANTIC CITY, N.J. (AP) - Eight years ago, Atlantic City's Tropicana casino was hanging by a thread.
BEIJING (AP) - China's Central Bank said Sunday that it will cut its bank reserve requirement ratio by 1 percentage point to stimulate more lending into a slowing economy.
WASHINGTON (AP) - The world's financial leaders see a number of threats facing a global economy still on an uneven road to recovery, with U.S. and European officials worrying that Greece will default on its debt.
BLOOMFIELD HILLS, Mich. (AP) - A. Alfred Taubman, the self-made Michigan billionaire whose philanthropy and business success - including weaving the enclosed shopping mall into American culture - was clouded by a criminal conviction late in his career, has died. He was 91.
Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by 34 this week to 954 amid depressed oil prices.
A line of bike hooks that can unexpectedly detach from their mounting are among this week's recalled consumer products. Other recalls include mattresses that failed flammability standards and truck and motorcycle toys with excessive amounts of lead.
U.S. stocks closed broadly lower Friday. Investors were worried that Greece may default on its debt and exit the euro currency block. Chinese regulators were also taking steps Friday to rein in a runaway stock market there.
NEW YORK (AP) - Generic drugmaker Mylan, citing media speculation that Teva Pharmaceutical may be eyeing it as a takeover target, says it doubts that regulators would approve such a deal and is committed to its current strategy as a stand-alone company.
How other providers stack up against Verizon's new FiOS Custom TV
Mayor Nutter says he's just negotiating a business deal as Philadelphia heads into talks with Comcast over a cable-franchise renewal. The city wants the best possible terms from its hometown cable, Internet, and entertainment giant - six public forums are scheduled next week, if you'd like to weigh in.
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