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Pennsylvania

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  • House signs off on Philly schools tax measure Monday, 22 Sep 2014 | 5:28 PM ET

    HARRISBURG, Pa.— The state House of Representatives on Monday advanced a bill to provide crucial revenue for the cash-strapped Philadelphia School District. The bill has been stalled since June, even though both the House and Senate supported the tax authorization to provide $83 million a year to the state's largest school district.

  • PennDOT to award bulk bridge-building contracts Monday, 22 Sep 2014 | 11:57 AM ET

    HARRISBURG, Pa.— The Pennsylvania Department of Transportation is preparing to choose a private-sector team to replace at least 558 ailing state bridges and maintain them for 25 years as part of an innovative public-private partnership, an official said Monday.

  • Investor sues over Education Management stock drop Monday, 22 Sep 2014 | 11:50 AM ET

    PITTSBURGH— An investor has filed a federal lawsuit seeking class-action status against Pittsburgh- based Education Management Corp. seeking to recoup losses resulting from the for-profit college company's ongoing run-ins with federal regulators.

  • Sept 22- Auxilium Pharmaceuticals Inc said its board had determined that Endo International Plc's $2.2 billion takeover offer "significantly undervalues" the company, but left the door open for talks on a possible deal.

  • Sept 22- Philadelphia Federal Reserve Bank President Charles Plosser, whose vocal discomfort with the U.S. central bank's super-easy monetary policy marks him as one of its hawkish policymakers, will retire on March 1, 2015, the regional Fed bank said on Monday.

  • Plosser, a leading Fed 'hawk,' to retire in March Monday, 22 Sep 2014 | 10:53 AM ET

    WASHINGTON— Charles Plosser, a leading inflation "hawk" at the Federal Reserve, announced Monday that he plans to retire March 1. Plosser, who has been president of the Fed's Philadelphia regional bank since August 2006, has been a leader of the officials known as hawks for their concerns that a continuation of low-interest rate policies could ignite inflation.

  • New Jersey firm moving to Philadelphia Monday, 22 Sep 2014 | 10:44 AM ET

    MARLTON, N.J.— A southern New Jersey firm that manages construction projects around the world is planning to move its headquarters to Philadelphia in the latest move in a battle between New Jersey and Pennsylvania for businesses. Tom Corbett announced the move of Hill International Inc., on Monday.

  • JGWPT will change name to JG Wentworth Co. Monday, 22 Sep 2014 | 10:37 AM ET

    NEW YORK— Finance company JGWPT Holdings said Monday it will change its name to The J.G. Wentworth Co. on Sept. 30. JGWPT Holdings Inc. buys structured settlement payment streams under the J.G. JGWPT Holdings is based in Radnor, Pennsylvania, and it went public in November.

  • 'The Lion King' earns record box office Monday, 22 Sep 2014 | 9:46 AM ET

    With a worldwide gross of over $6.2 billion, "The Lion King" stage musical has now achieved the most successful box office total of any work in any media in entertainment history, The Associated Press has learned.

  • Sept 22- Auxilium Pharmaceuticals Inc said its board had determined that Endo International Plc's offer "significantly undervalues" the company. Auxilium said in June that it would buy QLT for $346 million, in a deal aimed at cutting its tax bill by moving its headquarters to lower-tax British Columbia, Canada.

  • Auxilium Pharma rejects Endo's takeover offer Monday, 22 Sep 2014 | 7:45 AM ET

    CHESTERBROOK, Pa.— Auxilium Pharmaceuticals Inc.' s board has rejected an approximately $1.4 billion unsolicited takeover offer from Ireland's Endo International PLC. Auxilium, based in Chesterbrook, Pennsylvania, had adopted a one-year "poison pill" shareholder rights plan last week.

  • Engineers call for national approach to flooding Monday, 22 Sep 2014 | 6:55 AM ET

    The American Society of Civil Engineers released its recommendations Monday during a conference on water issues in Philadelphia. The group is calling for Congress and the Obama Administration to develop a sustainable way to pay for infrastructure maintenance and updates to help manage floods.

  • Manufacturing in Ohio seeing slow, steady growth Saturday, 20 Sep 2014 | 5:42 PM ET

    While manufacturing alone no longer dominates the state's economy, its fortunes still rise and fall with the health of the state's industries.

  • EXCLUSIVE-LAW FIRMS BINGHAM, MORGAN LEWIS, AGREE TO MERGE. Sept 20- Leaders of two of the United States' largest law firms, Boston- based Bingham McCutchen and Philadelphia's Morgan Lewis& Bockius, have agreed to merge, according to three people familiar with the matter.

  • Manufacturing in Ohio seeing slow, steady growth Saturday, 20 Sep 2014 | 10:00 AM ET

    While manufacturing alone no longer dominates the state's economy, its fortunes and the fate of its political leaders still rise and fall with the health of the industries that have shaped Ohio. After a decade that saw nearly four out of every 10 manufacturing jobs disappear, employment in manufacturing has grown each year in Ohio since Republican Gov.

  • At a Glance: the business dealings of Jeb Bush Saturday, 20 Sep 2014 | 8:29 AM ET

    Jeb Bush entered the Florida governor's mansion in 1999 with a net worth of $2 million, a relatively modest fortune compared with others in the Bush family. He is on the boards of four companies, including Tenet Healthcare Corp. and Rayonier Inc., a real estate investment trust that owns large swaths of forestland.

  • SAN FRANCISCO, Sept 19- Holly Riggle, a 29- year-old white-collar worker from Ohio, is just the kind of everyday customer Apple Inc would love to have for its new iPhone 6, which launches Friday. But Riggle is sticking to her Android smartphone, calling Apple less "original" than it was under former Chief Executive Officer Steve Jobs.

  • Some consumers say Apple is losing its "cool" factor Friday, 19 Sep 2014 | 7:00 AM ET

    SAN FRANCISCO, Sept 19- Holly Riggle, a 29- year-old white-collar worker from Ohio, is just the kind of everyday customer Apple Inc would love to have for its new iPhone 6, which launches Friday. But Riggle is sticking to her Android smartphone, calling Apple less "original" than it was under former chief executive Steve Jobs.

  • Foley defends record at Pennsylvania company Thursday, 18 Sep 2014 | 5:53 PM ET

    MIDDLETOWN, Conn.— Connecticut Republican gubernatorial candidate Tom Foley defended his business record on Thursday, saying he ultimately saved unionized workers' jobs following a lengthy strike at a Pennsylvania plant he previously owned.

  • Sept 18- Alibaba Group Holding priced its initial public offering at $68 a share, the top end of the expected range, raising $21.8 billion on Thursday. "I'd put them in a class of Facebook and Google with the scale they have, growth prospects and profitability," said Scot Wingo, CEO of e-commerce software provider ChannelAdvisor.