Business

Ex-housing official sues Philadelphia newspapers

http://i.huffpost.com/gen/167804/thumbs/s-PHILADELPHIA-INQUIRER-large.jpgA former housing authority chief who was fired after allegations surfaced that he used public money to settle sexual harassment complaints has filed a libel suit against the city’s two largest daily newspapers, accusing them of “abusive muckraking attacks” designed to sell newspapers. More >

Philadelphia factory orders show improvement

Modern-day meeting of the Federal Open Market ...

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The Philadelphia Federal Reserve Bank said its index gauging manufacturing conditions read 17.6 in February. That marks a rise from 15.2 in January and tops a consensus forecast anticipating a reading of 17, according to figures provided by Briefing.com.

The index, which held positive for a sixth-straight month, is also well-above year-ago levels when the gauge slumped at -36.1. More >

Philadelphia real estate market improving

Half million dollar house in Salinas, Californ...
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Foreclosure filings in January fell almost 10 percent nationally from December, but were still 15 percent higher than January 2009, RealtyTrac of Irvine, Calif., reported today.

Nevada, Arizona, California and Florida remained the top foreclosure states; Pennsylvania was 34th of 50, while New Jersey was 16th. More >