Sen. Toomey Says He's Under 'No Illusions' About Deficit-Reduction Task
The committee is tasked with recommending ways in which to reduce the deficit by $1.2 trillion by Thanksgiving.
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The committee is tasked with recommending ways in which to reduce the deficit by $1.2 trillion by Thanksgiving.
The city's pension board held an hourlong meeting this morning, during which the members decided to cash out $50 million worth of public equities. Some board members had urged converting even more of the fund's public holdings -- perhaps another $50 million -- to cash.
Groundbreaking is set for today for conversion of the former Warner Theatre in downtown West Chester into a hotel-conference center.
The latest Wall Street crisis is a worst-case scenario for the pension fund of Philadelphia city workers. Thursday morning, members of the board that oversees the fund were meeting to look at the damage.
It is a roller coaster ride no one wants to be on. The ups and downs of the Wall Street has just about everyone, even traders on the floor saying, 'what is going on?'
On behalf of Hyundai Motor America, Peter DiPersia, general manager of the car company's eastern region, presented a check for $100,000 to Children's Hospital for the "Hope on Wheels" program.
If the idea sounds familiar, it should. Camden has tried twice before to force businesses that attract rowdies to close early.
The effects of this hot, dry summer are being felt with every trip to the grocery store, but it doesn't have to be a pain in the pocket.
In addition to Standard and Poor's cutting the AAA rating of the United States this week, it also cut the rating of government-backed mortgage brokers Fannie Mae and Freddie Mac.
Someone at merchandise supplier Reebok apparently forgot or neglected to ship out the adult sizes of Namdi Asomugha jerseys.
Philly Car Share got into financial trouble by expanding too fast, says executive director Gerald Furgione, and as a nonprofit it didn't have access to the kinds of capital that it needed to right itself.
The turmoil in financial markets could quickly filter down to the budgets of the Commonwealth of Pennsylvania and the City of Philadelphia, with officials at both levels facing difficult decisions.
Its light flashing, Motorola Solutions' vision of the "police car of the future" sits in the Great Hall of the Pennsylvania Convention Center, at Broad and Cherry Streets.
The stock market is taking a beating, but does a small investor need to worry? We talked to local economists about that question.
Lawmakers from Philadelphia, New Jersey, and Delaware, along with small business leaders, held a roundtable discussion on how to encourage entrepreneurship and create more jobs.
