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  • PHILADELPHIA— A longtime union boss was convicted Tuesday in a sweeping racketeering case of overseeing violence, vandalism and intimidation to get construction jobs for his members. Joseph Dougherty, 73, told Ironworkers Local 401 members they were at "war" with nonunion competitors, especially as construction jobs dried up after the Great Recession.

  • Jan 20- A former Toronto stockbroker failed to persuade a U.S. appeals court in Philadelphia to overturn his fraud conviction and 25- year prison sentence for causing more than $55 million of losses in an international stocks scam. A federal jury in February 2010 convicted Georgiou, now 45, of securities fraud, wire fraud and conspiracy over trades in Avicena...

  • HARRISBURG, Pa.— Democrat Tom Wolf took office Tuesday as Pennsylvania's 47th chief executive, portraying himself as a political outsider while appealing for cooperation in a divided state government plagued by budget deficits and partisan stalemate. "I may be the first governor of Pennsylvania who ever operated a forklift, ever managed a hardware store.

  • Wolf names picks for education, labor and industry Monday, 19 Jan 2015 | 1:46 PM ET

    HARRISBURG, Pa.— Gov.-elect Tom Wolf has named Lancaster school Superintendent Pedro Rivera as his choice for secretary of the Department of Education and former state lawmaker Kathy Manderino to become secretary of the Department of Labor and Industry. Ed Rendell also tapped a head of the Lancaster district, Vicky Phillips, as his first pick to head the...

  • After Alliance ends, who will promote Atlantic City? Monday, 19 Jan 2015 | 11:10 AM ET

    ATLANTIC CITY, N.J.— Abolishing the Atlantic City Alliance, the marketing arm of the casinos that urged people to "Do AC" and staged big, free public events to promote the resort city, is a key element of state plans to help the city recover from its financial crisis. But if legislation proposed by two Democratic state senators— one of them a former Atlantic City mayor—...

  • NEW YORK, Jan 16- U.S. stocks rallied on Friday after five sessions of losses, helped by a sharp rebound in energy shares and data that signaled the U.S. economy was on track for solid growth. U.S. crude oil futures settled up 5.3 percent after the International Energy Agency forecast the market downtrend would end. "You had a pretty strong consumer confidence report...

  • WASHINGTON— The Federal Reserve reports on industrial production for December. The report will be released Friday at 9:15 a.m. Eastern. MODEST RISE IN OUTPUT: Economists at JPMorgan Chase forecast that manufacturing output likely increased 0.3 percent last month.

  • According to the survey, released Thursday by four regional Federal Reserve Banks, 52 percent of businesses with revenue under $250,000 a year said they were rejected for a loan during the first half of 2014. Half of businesses with revenue between $250,000 and $1 million also couldn't get a loan. Loans were approved for 80 percent of businesses that made $10...

  • Pennsylvania casino revenues drop for second year Thursday, 15 Jan 2015 | 2:25 PM ET

    "Increased competition from surrounding states, which are also offering conveniently located casinos to its highest populations centers such as in Pennsylvania, continues to be the biggest impact to growth here," said gaming board spokesman Dough Harbach. Yet Pennsylvania fared well compared to next-door neighbor New Jersey, whose gambling industry...

  • WASHINGTON— Factory activity in the Philadelphia region grew at a much slower pace in January compared with the previous month, as orders, shipments and hiring tumbled. The Federal Reserve Bank of Philadelphia said Thursday that its index of regional factory activity fell to 6.3 this month from 24.3 in December. Manufacturing nationwide expanded in December...

  • Foreclosures fell in 2014 to levels before housing bust Thursday, 15 Jan 2015 | 12:01 AM ET

    LOS ANGELES— A healthier U.S. housing market and economy helped to winnow foreclosures in 2014 to levels not seen since before the housing bust. While foreclosures remain elevated in many populous metropolitan areas, such as New York, Philadelphia and San Diego, they have declined annually overall in recent years, and 2014 was no exception.

  • Fed survey finds moderate economic growth Wednesday, 14 Jan 2015 | 2:01 PM ET

    WASHINGTON— The U.S. economy was growing at a moderate pace in December and early January, helped by gains in sales of autos and other consumer products, but a big drop in oil prices was starting to have an impact in Texas and other energy regions, the Federal Reserve reported Wednesday. General merchandise retailers in the New York area reported largely sluggish...

  • Key interest rate falls as investors seek safety Wednesday, 14 Jan 2015 | 1:43 PM ET

    NEW YORK— A barometer of Wall Street's anxiety flashed red on Wednesday, when traders rushed to the safety of U.S. government bonds. Treasury market is the largest, most liquid in the world, so in times of stress money flocks to the U.S. market, "said Guy LeBas, chief fixed income strategist at Janney Montgomery Scott in Philadelphia. But even that came under question...

  • HARRISBURG, Pa.— A continued failure by Pennsylvania state lawmakers to act is allowing a growing problem of municipal pension debt in Pennsylvania to get worse, state Auditor General Eugene DePasquale said Wednesday. With about 1,200 municipalities running about 2,600 pension plans, no other state does as bad a job as Pennsylvania, DePasquale said.

  • DIARY- Top Economic Events to Jan 25 Monday, 12 Jan 2015 | 7:01 PM ET

    NEW YORK- Federal Reserve Bank of Minneapolis President Narayana Kocherlakota speaks on "Goal-Based Monetary Policy Report" before the MNI Near Year New Challenges event- 2200 GMT. LONDON- UK Finance Minister George Osborne gives a speech to the Royal Economic Society, hosted by Bank of England- 1730 GMT. LONDON- Bank of England Governor Mark Carney speaks at the...

  • SINGAPORE, Jan 12- Global oil prices extended their slide on Monday weighed by weakening demand in Europe and Asia, while refineries in Philadelphia and Ohio were hit hard by fires over the weekend, curtailing demand for crude in the U.S. Refinery disruptions in Philadelphia and Ohio threaten to add to a growing glut of crude by reducing demand from two sizeable...

  • Jan 11- A fire that started after an explosion on Saturday at Husky Energy Inc's 155,000- barrel-per-day crude oil refinery in Lima, Ohio, has caused extensive damage to a unit at the plant, a fire official said Sunday. No injuries were reported in the blast, which was heard across the city and shattered nearby windows, according to local media reports.

  • NEW YORK, Jan 10- The largest refinery on the U.S. East Coast was operating at less than half its capacity late on Saturday because of a fire, a source familiar with the operations said, while plant officials reported the incident as "flaring." A source familiar with operations at Philadelphia Energy Solutions' 335,000 barrels per day refinery said a fire had hit the...

  • DIARY- Top Economic Events to Jan 22 Thursday, 8 Jan 2015 | 7:01 PM ET

    MINNEAPOLIS- Federal Reserve Bank of Minneapolis President Narayana Kocherlakota participates in a Public Town Hall Forum at the Federal Reserve Bank of Minneapolis- 0100 GMT. RICHMOND, United States- Federal Reserve Bank of Richmond President Jeffrey Lacker discusses the economic outlook at the joint Virginia Bankers Association and Virginia Chamber...

  • Jan 8- Atlantic City has endorsed steep budget cuts but rejected the idea of a state-appointed emergency manager as part of the struggling New Jersey gambling hub's recovery plan. Atlantic City has seen its municipal finances decline with the fortunes of its local casino industry, which has suffered steep losses from competing casinos in nearby states.