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  • PHILADELPHIA— Three people were charged Thursday with running a $54 million Ponzi scheme built on promises of a green energy technology that would turn trash into fuel and "carbon-negative" housing developments, neither of which were ever developed, federal prosecutors said. Troy Wragg, 34, of Georgia, Amanda Knorr, 32, of Pennsylvania, and Wayde McKelvy, 52, of...

  • PHILADELPHIA— Want a close-up view of Pope Francis celebrating Mass in Philadelphia? Organizers said tickets will be required to get within five blocks, or about a half mile, of the altar on the Benjamin Franklin Parkway on Sept. 27. Tickets are being distributed to the 219 parishes in the Philadelphia Archdiocese, as well as surrounding parishes in Pennsylvania,...

  • In the wake of a half-dozen fiery crashes this year, The Associated Press surveyed nearly a dozen cities with populations of more than 250,000 to gauge how prepared they are to respond to an oil-train derailment. —Variety of tabletop exercises and training exercises have taken place in and around Chicago involving railroads, first responders and government...

  • After a series of fiery crashes, The Associated Press conducted a survey of nearly a dozen big cities that, collectively, see thousands of tank cars each week, revealing a patchwork of preparedness. The AP surveyed emergency management departments in Chicago; Philadelphia; Seattle; Cleveland; Minneapolis; Milwaukee; Pittsburgh; New Orleans; Sacramento,...

  • PHILADELPHIA— Shares of discount retailer Five Below skidded in aftermarket trading after the company reported disappointing second-quarter sales and offered a soft forecast for the current quarter. Five Below focuses on teen and pre-teen customers, pricing all of its items at $5 or less, and it is opening new stores at a fast clip: At the end of the quarter it...

  • Fed report shows autos and housing fueling US growth Wednesday, 2 Sep 2015 | 2:00 PM ET

    WASHINGTON— While U.S. housing and auto sales showed strength over the summer, manufacturers were feeling pressure from China's economic slowdown and the oil industry was squeezed by lower energy prices. One of the Fed's regions— Cleveland— reported only slight growth. The recent stock market turbulence, triggered by worries about China's slowdown, has led...

  • NEW YORK— Cookie and clothing makers, a fitness studio and an old-fashioned five-and-dime retailer have made the cut in a competition to win a Super Bowl ad. Ten small businesses are finalists in the contest sponsored by software maker Intuit Inc. that will give the winner a 30- second spot during Super Bowl 50 on Feb. 7. —AnaOno, Philadelphia, maker of lingerie for...

  • Boston mayor, city councilors seek hefty pay raises Monday, 31 Aug 2015 | 2:22 PM ET

    BOSTON— Boston's mayor and City Council are again looking for pay raises that could make them among the best compensated of comparable cities across the country. Mayor Marty Walsh filed a proposal Monday giving his office a $24,000 raise to $199,000 a year. Not to be outdone, City Council President Bill Linehan proposed to boost pay on the 13- member panel by...

  • But Heidi Hubbard, a lawyer for Coventry, said AIG had been aware that Coventry was selling certain policies at a gain and never objected. Coventry, founded by Philadelphia philanthropist Alan Buerger, is the "leader and creator" of the life settlement industry, according to its website. AIG bought nearly 7,000 life settlements from Coventry with a total face...

  • Aug 26- Wall Street racked up its biggest one-day gain in four years on Wednesday as fears about China's economy gave way to bargain hunters emboldened by expectations the U.S. Led by Silicon Valley stalwarts Apple, Amazon and Google, the surge put the brakes on a six-day losing streak that saw the S&P 500 surrender 11 percent. Some of the late-day rally was driven...

  • *Cameron International soars on Schlumberger deal. Aug 26- Wall Street rallied more than 3 percent on Wednesday afternoon as fears about China's economy gave way to bargain hunters emboldened by expectations the U.S. All 10 major S&P 500 sectors were up, led by the technology index's 4.3 percent gain, raising expectations that Wall Street could snap a six-day...

  • La Salle University lays off 3 percent of workforce Wednesday, 26 Aug 2015 | 6:31 AM ET

    PHILADELPHIA— La Salle University's new president has announced the Philadelphia school has laid off 23 employees just two months into her tenure. Colleen Hanycz says she knew La Salle needed to make some changes but the cuts weren't something she anticipated. The Philadelphia Inquirer reports a $12 million deficit and a declining freshman enrollment is to...

  • Urban areas where commuters endure the most extra hours Wednesday, 26 Aug 2015 | 12:01 AM ET

    Traffic congestion nationally reached a new peak last year and is greater than ever before, according to a report by the Texas A&M Transportation Institute and INRIX Inc. Their analysis is based on federal data on the number of cars on the road and on traffic speed data collected by INRIX on 1.3 million miles of urban streets and highways. 1. Washington, D.C.-...

  • *China cuts interest rate for second time in two months. Aug 25- A strong rally on Wall Street evaporated on Tuesday and stocks ended with deep losses as concerns about China's economy outweighed lower valuations that some saw earlier as bargains. Investors cited more worries that a slowdown in China could hobble global growth, even after the country's central...

  • Lannett beats Street 4Q forecasts Tuesday, 25 Aug 2015 | 4:21 PM ET

    PHILADELPHIA _ Lannett Co. on Tuesday reported fiscal fourth-quarter profit of $33.9 million. Lannett expects full-year revenue in the range of $425 million to $435 million. Lannett shares have risen roughly 9 percent since the beginning of the year.

  • Airbnb to start collecting taxes in Paris Tuesday, 25 Aug 2015 | 3:23 PM ET

    Aug 25- Online home-rental marketplace Airbnb Inc said on Tuesday it would begin collecting and remitting tourist taxes from guests on behalf of rental apartments in Paris. Airbnb, whose most popular city is Paris with more than 50,000 listings, said it would collect 0.83 euro per person per night for reservations made in Paris on or after Oct. 1.

  • WASHINGTON, Aug 25- Five Federal Reserve banks renewed their calls in July for the central bank to raise the rate it charges commercial banks for emergency loans, minutes from the Fed's discount rate meeting last month showed. Ahead of the Fed's July 28-29 policy-setting meeting, directors of the Cleveland, Dallas, Philadelphia, Kansas City and Richmond Fed...

  • PHILADELPHIA— A winner of TV's "Top Chef" is being sued over a failed restaurant in Philadelphia. A Lancaster contractor says chef Kevin Sbraga still owes $106,000 for kitchen equipment installed at the now-shuttered Juniper Commons. Clark Food Service Equipment's lawsuit, filed Friday in Philadelphia Common Pleas Court, calls the South Street restaurant an "...

  • *Platinum down 4.5 pct, palladium at 3- year low. NEW YORK/ LONDON, Aug 24- Gold turned lower on Monday, as the dollar pared losses, and U.S. shares and other commodity markets staged a comeback while the white precious metals fell on concerns about the Chinese economy. Platinum dropped as much as 4.5 percent, palladium hit a three-year low at $563.72 an ounce and silver...

  • *Wyndham hackings caused $10.6 mln in fraudulent charges. Aug 24- A U.S. appeals court said the Federal Trade Commission has authority to regulate corporate cyber security, and may pursue a lawsuit accusing hotel operator Wyndham Worldwide Corp of failing to properly safeguard consumers' information. The FTC wants to hold Wyndham accountable for three...