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Top News & Analysis Philadelphia

  • RONKONKOMA, N.Y.— Smoke in the cockpit forced an American Eagle flight to return to an airport on New York's Long Island. Newsday reports that the flight was carrying 40 passengers to Philadelphia. The Federal Aviation Administration says the twin-engine turboprop de Havilland DH8 landed safely at Long Island MacArthur Airport before 7 a.m. Tuesday.

  • PHILADELPHIA— Philadelphia is suing Wells Fargo& Co. claiming the bank overcharged more than 1,000 minority homeowners on mortgage loans since 2004.. James Baum, a spokesman for Wells Fargo, says the city's allegations are "unsubstantiated" and "do not reflect how we operate in Philadelphia" and elsewhere. He says a May 1 Supreme Court ruling found banks "cannot be...

  • BEIJING— When the sister of President Donald Trump's son-in-law Jared Kushner promoted investment in her family's new skyscraper from a Beijing hotel ballroom stage earlier this month, she was pitching a controversial American visa program that's proven irresistible to tens of thousands of Chinese. She used the money from the sale to invest $500,000 in a...

  • Surveillance video from a nearby business shows the moment a jet crashed near a small airport outside New York City and burst into flames. The Learjet 35 went down Monday afternoon near Teterboro Airport, killing both crew members. No one else was onboard the aircraft, which was coming from Philadelphia.

  • CARLSTADT, N.J.— A jet trying to land at a small airport near New York City crashed less than a mile from the runway among small warehouses and industrial buildings Monday, killing two crew members and sparking a fire that sent thick, black smoke spewing into the air. Police said no passengers were aboard the Learjet 35 when it went down around 3:30 p.m. a...

  • "Wells Fargo has been a part of the Philadelphia community for more than 140 years and we will vigorously defend our record as a fair and responsible lender." Philadelphia accused Wells Fargo of having since 2004 steered minority borrowers into higher-cost, riskier loans than white borrowers, even if they qualified for loans with easier terms, and refused to let...

  • Philadelphia accused Wells Fargo of intentionally steering minority borrowers into higher-cost loans than white borrowers, even if they qualified for less risky, lower-cost loans. Philadelphia faulted what it said was Wells Fargo's "long history" of "red-lining" in the city and said the bank's practices reflected a "total breakdown of appropriate internal...

  • May 15- The City of Philadelphia on Monday sued Wells Fargo& Co, accusing the largest U.S. mortgage lender of intentionally steering minority borrowers into higher-cost home loans than it offered white borrowers. In a complaint filed in Philadelphia federal court, Philadelphia faulted Wells Fargo's "long history" of "redlining" in Philadelphia, and said the...

  • *A Commerce Department report is expected to show that retail sales rebounded by 0.6 percent in April after falling in March. *Also in focus is a monthly report on the consumer price index and inflation rate, as well as the University of Michigan's consumer sentiment data for May. *From the Federal Reserve, Chicago Fed President Charles Evans and his Philadelphia...

  • *A Commerce Department report is expected to show that retail sales rebounded by 0.6 percent in April after falling in March. *Also in focus is a monthly report on the consumer price index and inflation rate, as well as the University of Michigan's consumer sentiment data for May. *From the Federal Reserve, Chicago Fed President Charles Evans and his Philadelphia...

  • LONDON, May 12- Setting aside a few uncomfortable economic truths such as the increasing U.S. skills gap, eye-wateringly high unemployment in parts of the euro zone, and growing income inequality in China, the world economy has been doing pretty well this year. In the euro zone, growth is robust enough for the European Central Bank to think about dropping public...

  • **DUBLIN, Ireland- Federal Reserve Bank of Chicago President Charles Evans speaks on the economy in a moderated discussion before the 56th ACI Financial Markets Association World Conference 1300 GMT. STOCKHOLM- Swedish central bank holds a conference on Future of Forward Guidance. FRANKFURT, Germany- European Central Bank Executive Board Member Vitor...

  • **DUBLIN, Ireland- Federal Reserve Bank of Chicago President Charles Evans speaks on the economy in a moderated discussion before the 56th ACI Financial Markets Association World Conference 1300 GMT. STOCKHOLM- Swedish central bank holds a conference on Future of Forward Guidance. FRANKFURT, Germany- European Central Bank Executive Board Member Vitor...

  • **STOCKHOLM- Swedish central bank holds a conference on Future of Forward Guidance. NEW YORK, United States- Federal Reserve Bank of New York President William Dudley speaks at the "Interaction with President Dudley"- 1400 GMT. BRUSSELS- European Union and the Republic of Tunisia hold a meeting of the Association Council.

  • **STOCKHOLM- Swedish central bank holds a conference on Future of Forward Guidance. NEW YORK, United States- Federal Reserve Bank of New York President William Dudley speaks at the "Interaction with President Dudley"- 1400 GMT. BRUSSELS- European Union and the Republic of Tunisia hold a meeting of the Association Council.

  • **STOCKHOLM- Swedish central bank First Deputy Governor Kerstin af Jochnick gives a sppech in a conference about the current economic situation and monetary policy challenges- 0730 GMT SOUTH BURLINGTON, Vermont- Federal Reserve Bank of Boston President Eric Rosengren gives a luncheon speech in South Burlington- 1600 GMT. FRANKFURT- European Central Bank...

  • **STOCKHOLM- Swedish central bank First Deputy Governor Kerstin af Jochnick gives a sppech in a conference about the current economic situation and monetary policy challenges- 0730 GMT SOUTH BURLINGTON, Vermont- Federal Reserve Bank of Boston President Eric Rosengren gives a luncheon speech in South Burlington- 1600 GMT. FRANKFURT- European Central Bank...

  • May 9- Prosecutors will not file criminal charges in the 2015 derailment of an Amtrak train in Philadelphia that killed eight people and injured more than 180, the Philadelphia District Attorney's Office said on Tuesday. In October, a federal judge approved a record $265 million settlement in the crash. The engineer driving the train was likely distracted by...

  • PROSECUTORS WILL NOT CHARGE ENGINEER IN 2015 AMTRAK DERAILMENT THAT KILLED 8 PASSENGERS IN PHILADELPHIA-- PHILADELPHIA DISTRICT ATTORNEY.

  • BOCA RATON, Florida- Executive Vice President of the Financial Services Group Richard P. Dzina at the Federal Reserve Bank, speaks at " Operations Conference and Exhibition 2017"- 1325 GMT. NEW YORK- Michael Held Executive Vice President of the Legal Group, and General Counsel at the Federal Reserve Bank, speaks at "Compliance& Legal Society Monthly Luncheon" at SIFMA...