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Philadelphia

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  • *Balance of influence between Washington, local interests. NEW YORK/ WASHINGTON, July 2- Efforts to fill top positions at some U.S. A bill passed in May by the Senate Banking Committee that Shelby chairs would strip the New York Fed's board of its power to appoint its presidents.

  • *Balance of influence between Washington, local interests. NEW YORK/ WASHINGTON, July 2- Efforts to fill top positions at some U.S. A bill passed in May by the Senate Banking Committee that Shelby chairs would strip the New York Fed's board of its power to appoint its presidents.

  • *Greece concerns hang over markets. NEW YORK, July 2- The U.S. dollar index fell from a three-week high on Thursday as chances of a U.S. interest rate hike as soon as September took a hit following a weaker-than-expected U.S. payrolls report, while Wall Street and world stock markets were slightly higher. Greece heads to a referendum on Sunday that could decide its...

  • PHILADELPHIA— Airbnb is now legal— and taxable— in Philadelphia. City Councilman William Greenlee says Airbnb-type rentals are essentially short-term hotels and should be made to follow the same rules. The city expects thousands of rentals through Airbnb and similar online marketplaces for Pope Francis' visit in September and the Democratic National...

  • *Europe waits for Greek vote, Spain borrowing costs rise. *Gold also dips after U.S. payrolls. Gold fell too, hitting a 3-1/ 2 month low of $1,157 an ounce, while U.S. stock futures extended gains to point a 0.3-0.4 percent rise for the main Wall Street markets when they reopen.

  • PHILADELPHIA— Amtrak has joined a bid to have the lawsuits filed over a deadly crash in Philadelphia consolidated before the same federal judge. Amtrak says that 19 lawsuits have been filed so far in New York, New Jersey and Pennsylvania. District Judge Legrome Davis has been handling the Philadelphia cases.

  • Ace buying Chubb, deal to create insurance giant Wednesday, 1 Jul 2015 | 7:36 AM ET

    WARREN, N.J.— Insurer Ace Ltd. is buying The Chubb Corp. for about $28.3 billion in cash and stock in a deal that will create one of the world's largest insurers. The combined company plans to use the Chubb name and will have its main offices in Zurich, Switzerland, where Ace is based. Chubb shareholders will receive $62.93 per share in cash and 0.6019 shares of Ace Ltd....

  • Pep Boys, unlike AutoZone Inc and Advance Auto Parts Inc, has not benefited from healthy U.S. auto demand mainly due to higher costs and falling sales in its do-it-yourself business. "Pep Boys have been around for a long time but they weren't generating business the way AutoZone was," S&P Capital IQ analyst Efraim Levy said. "AutoZone came more to the forefront of many...

  • As Christie eyes White House, New Jersey wants jobs Tuesday, 30 Jun 2015 | 11:32 AM ET

    NEW YORK, June 30- New Jersey Governor Chris Christie's second-in-command gave her pitch to a small crowd at a Philadelphia biotechnology convention in June with her signature move: giving out her cell phone number. "Now, no one from New Jersey! I want the guys that aren't already here in New Jersey. "

  • June 30- Pep Boys- Manny, Moe& Jack, an auto parts retailer, said it was considering putting itself up for sale, as it embarks on a strategic review barely two weeks after it named a new chief executive. Private equity firm Golden Gate Capital and other suitors had expressed interest in buying Pep Boys, the Wall Street Journal reported in May, citing people familiar with...

  • Pep Boys may be on the lot Tuesday, 30 Jun 2015 | 9:21 AM ET

    PHILADELPHIA— The auto parts seller Pep Boys may be putting itself up for sale. Pep Boys- Manny, Moe& Jack said that its board is reviewing strategic options to boost shareholder value. The Philadelphia company, has more than 800 locations in 35 states and Puerto Rico.

  • NEW YORK— Investment firm Blackstone is selling the security services company AlliedBarton to French investment firm Wendel SE for about $1.67 billion. AlliedBarton, based in Philadelphia, has more than 3,300 customers and more than 60,000 workers. The Blackstone Group LP is based in New York.

  • HARRISBURG, Pa.— A new public school funding formula being considered by the Legislature would create winners and losers as it seeks a way to link the distribution of state aid more closely to need. Shrinking school districts that were previously spared aid cutbacks— many in western Pennsylvania— would see their share of aid come in lower under the proposed new...

  • GOP budget bill facing Wolf's veto heads to Senate Saturday, 27 Jun 2015 | 3:05 AM ET

    HARRISBURG, Pa.— The Pennsylvania House of Representatives approved an approximately $30 billion Republican-crafted budget bill on Saturday as the Wolf administration and top GOP lawmakers positioned themselves for a government shutdown and the first veto of an entire budget in at least four decades. With talks between the Wolf administration and...

  • NEW YORK— Aiming to curb gender bias and harassment in New York City, officials are readying a plan that would require businesses to convert some restrooms to gender-neutral facilities. "This is a very important issue," said New York City Comptroller Scott Stringer, whose office is releasing a report Friday recommending the changes. New York's proposal follows...

  • BOSTON— Urban planners have long considered public transportation the best remedy for traffic congestion, but many of the nation's largest mass-transit systems simply aren't up to the task. Consider Boston, where the oldest American subway system began operating in 1897. During a winter of record-setting snow, the Massachusetts Bay Transportation...

  • At 4:35 a.m. each weekday, Stan Paul drives out of his Southern California suburb with 10 passengers in a van, headed to his job as an undergraduate counselor at the University of California, Los Angeles. On the return trip, Los Angeles' infamously snarled traffic often stretches their afternoon commute to three hours. "If we don't change, in 2045, the...

  • HARRISBURG, Pa.— A Pennsylvania state court on Thursday struck down a law designed to make it easier for gun owners and organizations like the National Rifle Association to challenge local firearms ordinances in court. Five Democratic legislators and the cities of Philadelphia, Pittsburgh and Lancaster sued to block the law, saying it was passed improperly.

  • NEW YORK— On a trip to Maine with four friends, Alexander Culbertson racked up $1,300 on gas, hotel rooms, food and drinks. "It would have been a nightmare for all of us to evenly split every transaction," says Culbertson, 26, a Boston advertising executive. For Dan Callahan, 22, a digital marketing manager in Philadelphia, using Venmo means avoiding the awkward...

  • WASHINGTON, June 24- U.S. commuter and freight railroads may be forced to suspend service or face daily fines beginning Jan. 1, unless Congress extends its year-end deadline for implementing new safety technology, lawmakers were told on Wednesday. The National Transportation Safety Board estimated that more than 245 people have died and 4,260 have been...