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Top News & Analysis Philadelphia

  • PHILADELPHIA— A member of a local politically connected family was convicted Friday of defrauding a nonprofit mental health clinic out of about $1 million for her personal benefit through a pattern of self-dealing when she was its landlord. Renee Tartaglione was indicted last year and charged with taking $1 million from the Juniata Community Mental Health...

  • June 22- The S&P healthcare index rose 1 percent on Thursday, hitting its fifth consecutive record close following the release of Senate Republicans' bill to replace Obamacare, while financial and consumer staple shares ended lower. The legislation aims at curbing Medicaid funding and reshaping subsidies to low-income people for private insurance.

  • PHOENIX— Bank of America Corp. will repay tens of thousands of released Arizona prison inmates for what advocacy groups say were excessive charges to access money on debit cards they received when they got out of prison under a lawsuit settlement announced Tuesday. Bank of America spokesman Will Wilson called the terms standard for pre-paid cards and said...

  • NEW YORK, June 20- World stock markets lost ground on Tuesday, pressured by a sharp drop in oil prices to their lowest in more than a year, while the U.S. dollar strengthened on hawkish comments from U.S. That slide weighed down energy stocks on Wall Street and in Europe. "What is amazing about this market is that we have been able to make new all-time highs with energy...

  • HARRISBURG, Pa.— For a second time in 15 months, Pennsylvania's high court ordered state gambling regulators to re-examine the legality of the ownership structure of a group that won a lucrative Philadelphia- area casino license in late 2014.. The seven state Supreme Court justices ruled unanimously Tuesday that the Pennsylvania Gaming Control Board has not...

  • NEW YORK, June 19- U.S. stocks rose on Monday, with the S&P 500 and the Dow hitting record highs with growth sectors such as technology in favor again as investors appeared to regain confidence in the economy after upbeat comments from Federal Reserve officials. Amazon.com' s Friday announcement that it would buy Whole Foods and an upbeat tone from Federal Reserve...

  • *Fed's Dudley says tight labor market should push inflation up. NEW YORK, June 19- U.S. stocks rose on Monday, with the S&P 500 and the Dow Jones Industrial Average hitting record highs helped by a technology sector rebound and strength in healthcare and financial stocks. "valuations are not cheap but it doesn't seem to be a deterrent for buyers," said Mark Luschini,...

  • PITTSBURGH— Coca-Cola's marketing efforts during the weekend's heatwave in Pittsburgh backfired when the company mistakenly used a map of Philadelphia in a post on Twitter. Sunday's tweet said, "Today's forecast in Pittsburgh: Record heat, followed by an ice-cold wave of ahhhhhhh.# ShareaCoke." Even Mayor Bill Peduto weighed in, responding, "I was elected to...

  • LEVITTOWN, Pa.— Family-owned Calkins Media is selling its six remaining daily newspapers in the Philadelphia and Pittsburgh suburbs. The company announced Monday that GateHouse Media is acquiring the Bucks County Courier Times, The Intelligencer, the Beaver County Times and the Ellwood City Ledger, all in Pennsylvania, and the Burlington County Times in New...

  • NEW YORK— Can Amazon, the company that persuaded people to buy ever more items online, win enough of them over to having their fresh groceries arrive in an Amazon box? Going full throttle into groceries by announcing a $13.7 billion deal for Whole Foods on Friday, Amazon gets the advantage of using the stores as mini-distribution hubs to deliver items to customers.

  • PHILADELPHIA— A Pennsylvania woman who operated two tax preparation businesses has been sentenced to nearly four years in prison for filing $4 million in fraudulent tax returns. Authorities announced Friday that Jessenia E. Cordero, of Allentown, defrauded the IRS through a scheme where she filed tax returns under the stolen identities of multiple Puerto...

  • PHILADELPHIA— The School District of Philadelphia and its teachers have finally agreed on a tentative contract after over four years of negotiations. Philadelphia Federation of Teachers president Jerry Jordan says he's hopeful the contract "will mean improved stability for our members and our schoolchildren." Superintendent William Hite says getting a...

  • NEW YORK, June 15- Most U.S. Treasury yields edged higher on Thursday after stronger-than-expected U.S. economic data and as traders weighed hawkish Federal Reserve and Bank of England signals, but remained depressed as they did not fully reverse their biggest plunge in a month Wednesday. Initial claims for state unemployment benefits dropped 8,000 to a...

  • A phone app is helping doctors have difficult conversations with patients about lowering doses of opioids. Ashley Ruby, a Philadelphia family physician. It's part of the Centers for Disease Control and Prevention's opioid guidelines app, which also has a dosage calculator and a copy of the first national prescribing guidelines.

  • An appeals court on Wednesday upheld Philadelphia's 1.5- cent- per-ounce tax on sweetened beverages, saying it does not duplicate Pennsylvania's state sales tax. Philadelphia Mayor Jim Kenney said the two court decisions indicate the tax, which is being earmarked to fund education in the city, is legal. "The beverage industry needs to see this ruling for what it...

  • ALBUQUERQUE, N.M.— Typewriter enthusiasts gather at an Albuquerque restaurant to experiment with vintage Smith Coronas. A new documentary on typewriters featuring Tom Hanks and musician John Mayer is set for release this summer. "I haven't seen business like this in years," said John Lewis, a typewriter repairman who has operated out of his Albuquerque shop for...

  • NEW YORK, June 12- BP PLC violated its supply contract when it sold oil to refiner Monroe Energy that was a blend of lower-valued Texas crude with premium varieties, Monroe alleged in a federal court filing last week. Monroe Energy, a subsidiary of Delta Air Lines that owns a 185,000 barrel-per-day refinery outside of Philadelphia, said the blending of lower...

  • Prospective home owners tour a home in Jurupa Valley, California.

    Buying a home used to be a good way to invest your money. Renting may now be a better option.

  • One Riverside, the first newly constructed condo tower in central Philadelphia in seven years, is seen from the Schuylkill River Park dog park, May 8, 2017.

    Both empty-nesters and young professionals are helping fuel a boom in multifamily housing in the country's big cities, N.Y. Times reports.

  • SEATTLE, June 5- Seattle's City Council voted on Monday to levy a special tax on sodas and other sugary beverages sold to consumers, becoming the latest of several local government bodies across the country to take such action for the sake of public health. Other localities that have adopted similar measures during the past few years include Philadelphia, San...