Business News

Nov 19, 2008

Just months after paying off construction bills dating from its opening seven years ago, the Kimmel Center is undertaking its next act: renovations.

Nov 18, 2008

There were no fewer than 55 men in dark suits seated before U.S. Bankruptcy Judge Kevin Gross here today, and 79-year-old Albert R. Boscov would have blended into the monastic monochrome if not for this:...

Nov 18, 2008

Citigroup Inc. announced plans yesterday to shed an additional 53,000 employees over the next year as the banking giant struggled to steady itself after suffering massive losses from deteriorating loa...

Nov 18, 2008

Lean Cuisine is recalling three very popular chicken meals because some customers have found small pieces of hard plastic in them If you have the Lean Cuisine Pesto Chicken with Bow Tie pasta, Chicken...

Nov 18, 2008

Its very roots - humble, cut-rate curbside sustenance - could be the salvation of a revitalized Ninth Street Market.

Nov 17, 2008

Cricket Communications Inc. said Monday it will hold two job fairs in Philadelphia next month in anticipation of beginning operations in the area next year.

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Philadelphia's Mural Arts Program, facing a $500,000 budget cut by the city, has come up with one very small solution to ease its financial woes.

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Shares of Lincoln National Corp. lost nearly 40 percent of their value yesterday as investors worried that life insurers would be hobbled far into the future by steep investment losses.

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TRENTON - Unemployment in New Jersey climbed to its highest level in five years in October. The state Labor and Workforce Development Department said yesterday that the jobless rate rose to 6 percent last...

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WASHINGTON - The government will let more borrowers qualify for a $300 billion program that lets troubled homeowners swap their loans for more affordable ones, Housing and Urban Development Secretary Steve...

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Housing starts fell in October to their lowest levels nationally for any month since the Commerce Department began record-keeping in 1947.

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A Maryland doctor said she felt "threatened and disappointed" after GlaxoSmithKline P.L.C. urged her to stop discussing her concerns that the company's diabetes drug, Avandia, caused heart p...

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Mr. Kelleher went to Washington. Who knows if it worked. But the local auto dealer, whose first name, incidentally, is David, hopes his two days of meetings and mingling on Capitol Hill with Pennsylvania...

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ATLANTIC CITY - The construction tsunami that was meant to bring a classy luster to this place has slowed to a trickle thanks to the credit crisis.

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Dear Harry: Let me start by saying that we did not overbuy our house. We bought it five years ago when my income was $56,000 from a job that I held for about 15 years. My wife earned $28,000 in a part-time...

Nov 19, 2008

Mr. Kelleher went to Washington.

Nov 19, 2008

A Maryland doctor said she felt "threatened and disappointed" after GlaxoSmithKline P.L.C. urged her to stop discussing her concerns that the company's diabetes drug, Avandia, caused heart p...

Nov 19, 2008

ATLANTIC CITY - The construction tsunami that was meant to bring a classy luster to this place has slowed to a trickle thanks to the credit crisis.

Nov 19, 2008

Maggots, the larval stage of certain flies, are already a federally approved treatment for people with nasty bed sores, chronic post-surgical wounds and diabetic foot ulcers.

Nov 19, 2008

Shares of Lincoln National Corp. lost nearly 40 percent of their value today as investors worried that life insurers would be hobbled far into the future by steep investment losses.

Nov 19, 2008

Lame duck lawmakers in Washington are running out of time to pass a bailout for the U.S. auto industry. Top executives testified again Wednesday on Capitol Hill but the action is going on behind the scenes....

Nov 19, 2008

Housing starts fell in October to their lowest levels nationally for any month since the Commerce Department began record-keeping in 1947.

Nov 19, 2008

A proposed Center City tower that could dwarf the Comcast Center obtained the necessary variances and approvals from the City Planning Commission, the company managing the project, Hill International,...

Nov 19, 2008 | 8 comments

Stocks plunge to new low, Dow Jones Industrial Average dips below 8,000 for first time since March 2003.