Business
Philadelphia newspapers may trade hands Monday
Mar 30th
Philadelphia’s two largest newspapers could trade hands Monday for the fifth time in six years. Several powerful local businessmen are trying to close a deal to buy The Philadelphia Inquirer and Philadelphia Daily News from New York hedge funds. More >
Philadelphia Firm Receives $200K SBA-backed Loan
Feb 17th
SBA Intermediary Loan Program investment by Ben Franklin Technology Partners helps Novetas Solutions create jobs with innovative, ‘green’ product. More >
Philadelphia Fed Business Index Rises
Feb 16th
Mid-Atlantic manufacturers see better business conditions this month, according to a report released Thursday by the Federal Reserve Bank of Philadelphia. The Philadelphia Fed said its index of general business activity within the factory sector rose to 10.2 in February from 7.3 in January. More >
Cash Strapped Phili Seeks Buyer For City Gas Works
Feb 14th
Philadelphia Mayor Michael Nutter said on Monday the city is seeking a buyer for its publicly owned gas utility, the largest of its kind in the US, after an independent report concluded that a sale could raise several hundred million dollars for the city’s general fund. More >
Philadelphia Gas Works on the market
Feb 13th
Mayor Nutter is putting the Philadelphia Gas Works on the market.
The mayor’s announcement today follows the release of a study that found selling the natural gas utility makes sense for the city. More >
Ex-housing official sues Philadelphia newspapers
Sep 20th
A 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
Feb 18th
Image via Wikipedia
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
Feb 11th
- Image via Wikipedia
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 >
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