CNBC's Steve Liesman reports Philadelphia Federal Reserve President Charles Plosser will retire in March.» Read More
Oct 1- A former executive at GSI Commerce Inc was sentenced on Wednesday to 15 months in prison for insider trading related to the 2011 takeover of the e-commerce company by online retailer eBay Inc..
HARRISBURG, Penn., Oct 1- A Pennsylvania judge on Tuesday rejected the cash-strapped city of Scranton's bid to solve its municipal pension woes with a new commuter tax. Senior Judge John Braxton of Philadelphia, who heard the case in Lackawanna County Court of Common Pleas, said the city could not impose a commuter tax unless it levied the same tax on residents.
The decision is a blow to three Philadelphia brothers charged in a series of pharmacy robberies, and for civil rights lawyers concerned about the reach of police power in the technological age. "It's disappointing that today's decision lets law enforcement agents off the hook in a broader range of circumstances," said Catherine Crump, a law professor at the...
PHILADELPHIA— A former eBay executive will serve 15 months in prison for his role in insider trading. A federal judge in Philadelphia sentenced 45- year-old Christopher Saridakis on Wednesday. Saridakis, of Wilmington, Delaware, was a senior executive at GSI Commerce in March 2011 when it was about to be acquired by the online auction site eBay.
DALLAS— As their plane climbed away from Belize City, American Airlines pilot Brian Will and his co-pilot were ready to detour several hundred miles to avoid a wall of bad weather in front of them. The system on Will's plane was made by Rockwell Collins Inc. and just hit the market in February.
LOS ANGELES— The penalty for using an ATM that is not affiliated with your bank rose 5 percent over the past year. The average fee for using an out-of-network ATM climbed to a new high of $4.35 per transaction, according to a survey released Monday by Bankrate.com.
PHILADELPHIA— Car repair chain Pep Boys said President and CEO Mike Odell has resigned, effective immediately. Odell joined The Pep Boys- Manny, Moe& Jack in September 2007 as a chief operating officer. Pep Boys shares fell 8 cents to $9.45 in morning trading Friday after the company announced the resignation.
NEW YORK, Sept 25- U.S. Treasuries yields fell on Thursday after a drop in U.S. stocks triggered safe-haven bids and reported comments from European Central Bank President Mario Draghi drove down rates in the euro zone, making U.S. yields more attractive.
NEW YORK, Sept 25- U.S. stocks were sharply lower moving into the latter stages of trading on Thursday, weighed down by a drop in Apple shares, as each of the major indexes fell more than one percent and the S&P broke below a key support level.
HARRISBURG, Pa.— Pennsylvania state government has cleared Philadelphia to impose a $2- per-pack cigarette sales tax to help the city's financially troubled public schools. It was about the students of Philadelphia, "the Republican governor said at a Capitol news conference where he was flanked by city officials and lawmakers from both parties.
A report approved Wednesday at a meeting of the National Transportation Safety Board found that differences between regulations of the Federal Railroad Administration and the Occupational Safety and Health Administration can be confusing.
Aramark has also agreed to an eight-hour food service training program for company supervisors, and will also send supervisors to a six-day prisons training academy.
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.
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.
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.
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.
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.
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.
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.
Sept 17- Twenty-two partners have jumped ship en masse from Bingham McCutchen's marquee restructuring practice, raising questions about the fate of the law firm's closely watched merger talks with the larger Morgan Lewis& Bockius.