Business News

3 hours ago

Mayor Nutter's proposals to freeze tax cuts and hike permit fees to offset a budget crisis cleared a City Council committee yesterday, though some Council members demanded more data to justify the closings...

Nov 19, 2008

The federal and state governments have just spent about $3 million for new trolley tracks, new trolley wires and new trolley poles along newly reconstructed Germantown Avenue in Mount Airy and Chestnut...

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...

3 minutes ago

With weekly jobless claims benefits at a 16-year high, the White House said Thursday that President George W. Bush would quickly sign legislation pending in Congress to provide further unemployment benefits. The...

27 minutes ago

LONDON - Pharmaceuticals giant AstraZeneca PLC won the first round of a legal fight over the release of a generic version of its child asthma medication Pulmicort Respules by rival Teva Pharmaceutical...

27 minutes ago

LONDON - Royal Bank of Scotland PLC's shares soared 13 percent today on expectations that stockholders will vote in favor of a proposed 20 billion pound ($30 billion) investment from the government, which...

27 minutes ago

THE 2009 ACURA TL sedan has so many electronic features, it makes some other luxury cars seem old-fashioned. The new TL can provide Doppler radar maps on an interior display to show where rain and snow...

36 minutes ago | 1 comment

Fate of auto industry in question as Detroit big three leave Washington empty handed.

Nov 18, 2008

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

5 hours ago

The assignment was to render on paper a still-life assemblage, but what Alisyn Kuntz had drawn just didn't match what was before her eyes.

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.

5 hours ago

With its quiet bustle and benevolent purpose, a library has the look and feel of a sanctuary. After 3 p.m. most weekdays, the population of that sanctuary often explodes with students doing homework, socializing,...

5 hours ago

There's still money in the deal pipeline. Tengion Inc., an East Norriton firm that makes human- organ-repair systems at its plant in Winston-Salem, N.C., says it has raised $21 million from locally based...

5 hours ago

The stock market resumed its free fall yesterday, with the Dow Jones industrial average closing below 8,000 for the first time in more than five years.

5 hours ago

Japanese stocks slipped Thursday after a steep drop on Wall Street and government data indicated that Japan's exports were down significantly for the month of October.

Nov 20, 2008

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.

Nov 20, 2008

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.

Nov 20, 2008

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...

Nov 20, 2008

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...

Nov 20, 2008

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

Nov 20, 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...