*SEC action is' first-best' option; FSOC is' second-best'. *Fed official still hopes SEC will adopt money market rules. Fed Governor Daniel Tarullo said it was unfortunate that the SEC, the primary regulator of the $2.6 trillion industry, has so far failed to advance new rules for the market, which since the financial crisis has been viewed as posing a systemic risk.
Treasury Secretary Timothy Geithner participates in conversation on the global economy with Zanny Minton-Beddoes at a conference sponsored by the Institute for International Finance conference, Tokyo, midnight.
Fed Governor Daniel Tarullo said it was unfortunate that the SEC, the primary regulator of the$ 2.6 trillion i ndustry, has so far failed to advance new rules for the market that since the financial crisis has been seen as posing a systemic risk.
WASHINGTON-- A Federal Reserve survey released Wednesday found that the economy grew modestly in the late summer, bolstered by solid gains in housing. The report is based on anecdotal information from the regional districts and covers the period from mid-August to Sept. 28. The region's economy expanded modestly.
Fed Governor Daniel Tarullo said it was unfortunate that the SEC, the primary regulator of the funds, has so far failed to advance new rules for the market that since the financial crisis has been seen as posing a systemic risk.
HARRISBURG, Pa.-- The Pennsylvania Department of Environmental Protection has issued a permit for a new electric power plant that will be supplied at least partly with locally produced natural gas from the Marcellus Shale.
Caris& Co. analyst Scott Tilghman said in a research note Wednesday that Wal-Mart Stores Inc.' s recently announced plans for same-day shipping is not the threat to Amazon.com Inc. that some perceived it to be. Wal-Mart's program offers fewer products and is being offered in five markets, versus the 10 being tested by Amazon.
PHILADELPHIA-- For a year the Joker's been out of sight, out of mind and out of trouble. That changed Wednesday in the pages of "Batman" No. 13, when the clown prince of crime returned to Gotham with a mission to help Batman become a better man, even if it means going after everyone and everything that the Dark Knight and his alter ego, Bruce Wayne, hold dear.
Also highlighted at the film festival this year will be "Vamps," director Amy Heckerling's comedic take on the travails of club-hopping vampires, which reunites her with "Clueless" star Alicia Silverstone.
PITTSBURGH-- Auditor General Jack Wagner wants to Pennsylvania Department of Health to license and regulate the state's 750 tattoo parlors. Wagner, a former Pittsburgh City Council president, was in the city for the announcement Tuesday.
DALLAS-- In the months after Doug Robinson started driving a truck, he noticed his clothes were increasingly more snug-fitting. Xpress, took part in a weight-loss challenge sponsored by the Truckload Carriers Association, the 321- pound, 6- foot-1-inch Robinson signed up.
Turns out Aric is not exactly happy to find himself returned to Earth some 1,600 years later, his beloved dead, his people gone and his goal of sacking the city of Rome forever out of his reach.
GRAPEVINE, Texas-- Spirit Airlines Inc. on Dec. 1 will open a flight attendant and pilot crew base at Dallas-Fort Worth International Airport as it expands operations in Texas. The low cost carrier also plans an open house in Dallas for potential flight attendants.
Oct 10- U.S. nuclear regulators will meet with power company PPL Corp on Oct. 16 to discuss the company's progress on improving performance at the 2,450- megawatt Susquehanna nuclear power plant in Pennsylvania.
White is the most popular color for the second year in a row after overtaking silver in 2011. The annual rankings are compiled by automotive paint supplier PPG Industries Inc., a Pittsburgh- based company that provides paints to General Motors Co., Ford Motor Co., BMW AG and others. By comparison, 19 percent of midsize cars made in North America are white.
Pittsburgh- based Legend Financial Advisors has an average of a dozen interns at any given time, and half of its 23- person full-time staff are alums of the internship program. "It takes about four interns to equal the pay of a regular employee," said Stanasolovich, who pays interns between $8.50 and $12.50 an hour, plus performance and other bonuses.
WAL-MART'S SAME-DAY DELIVERY SERVICE: Wal-Mart is testing a same-day delivery service in select markets for customers who buy popular items online during the holiday shopping season. THE DETAILS: Wal-Mart's tests started this month in northern Virginia and Philadelphia.
Oct 9- Stronger demand for aluminum products from airplane and automobile producers helped Alcoa Inc's third-quarter profit beat Wall Street's expectations, offsetting weak aluminum prices and worries about China's slumping economy.
Oct 9- Aluminum producer Alcoa Inc's third-quarter results beat Wall Street estimates as its downstream businesses offset weak aluminum prices and demand for the metal. Alcoa's stock rose 6 cents to $9.19 in after-hours trading on the New York Stock Exchange.
BENSALEM, Pa.-- Healthcare Services Group Inc., which provides housekeeping and food services to hospitals and nursing homes, said Tuesday that its net income rose 15 percent in the third quarter. Healthcare Services earnings totaled $11.5 million, or 17 cents per share. Shares of Healthcare Services Group fell 31 cents to close at $23.52.