May 4, 2016 |
Anyone brazen enough to rob a police credit union branch should know his image will soon be in the hands of scores of law enforcement officials. And that's exactly what's happened after a heist Saturday afternoon at the Police and Fire Federal Credit Union at 7145 Frankford Ave. in Philadelphia's Mayfair section. The FBI is asking for help finding the man, who handed over a demand note and robbed the branch on Saturday. Surveillance images distributed Monday showed the 35- to 40-year-old white male suspect wearing a blue hat, green shirt and khaki pants.
May 4, 2016 |
Former Philadelphia Police Commissioner Charles H. Ramsey believed police recruits should have at least two years of college under their belts before their boots hit the streets. "I think we do a disservice to young people by having them go through school thinking that they can get good-paying jobs without at least looking at some level of college work," Ramsey said last year, defending his policy of requiring recruits to have earned 60 college credit hours or served two years in the military.
April 28, 2016 |
A South Jersey police officer is being credited with preventing two people from committing suicide when he stopped to check out a suspicious vehicle during a routine patrol. Bellmawr police said Patrolman Jared Walton spotted the vehicle in an unusual location in a business parking lot about 1:45 a.m. Monday. The officer saw two people inside the vehicle, which had the motor running, windows up, and a hose attached to the exhaust pipe, with the other end running into the vehicle.
April 20, 2016 |
Atlantic City Electric announced Monday that its customers will receive a $113.16 credit on their bills in the next month, a one-time bonus for the completion of the merger between Exelon Corp. and Pepco Holdings Inc., the parent company of Atlantic City Electric. The credit will be automatically applied to each household with an active account. It is part of a $430 million package of benefits Exelon is paying to customers and communities of Pepco's utilities in New Jersey, Delaware, Maryland and the District of Columbia.
April 8, 2016 |
ONE OF THE first requests I received as mayor of Philadelphia came as a bit of a surprise: Help empower Philadelphia residents to benefit from the more than $100 million in federal earned income tax credit (EITC) they have earned, yet stands to go unclaimed this tax season. I realize that every year, because of the lack of filing or incomplete filing, some Americans miss out on tax refunds or credits they might deserve. But the fact that Philadelphia residents alone could account for over $100 million of unclaimed EITC funds stood out to me as a huge issue that needs fixing . . . and one that can be corrected quickly!
April 7, 2016 |
Update 1:45 p.m.: The Federal Bureau of Investigation has opened a case looking into the failure of six local credit unions in Bensalem – all of which were headed by the same chief executive, a woman by the name of Joni Brown, according to law enforcement sources. Local FBI officials wouldn't confirm or deny the existence of an investigation, and whether the offices had been shut down. Ms. Brown couldn't be reached for comment at the main number for all six credit unions.
March 24, 2016 |
Moody's Investors Service upgraded the University of Pennsylvania's credit rating by one notch to its second highest level. The New York ratings agency, in a report published Monday, cited the West Philadelphia institution's growing wealth relative to peers, expected successful integration of Lancaster General Hospital into its health system, and limited borrowing plans. The new rating is Aa1, up from Aa2. Penn, which employed 37,149 in Philadelphia last fall, making it the city's largest private employer by far, has had steady gains in operating margins and what Moody's called "superior donor support with $322 million in gift revenue" in the year ended June 30. Among Penn's other strengths is net tuition per student of $37,465, a measure of cash paid after financial aid. That ranked close to the top of all U.S. universities, Moody's said, and was driven by professional programs in business, medicine, law, nursing, and education.
March 22, 2016 |
U.S. investors squeezed by low bond yields and discouraged by the volatile stock market have pumped more than $50 billion into business development companies, or BDCs, in the last 10 years, in hopes of earning more. BDCs typically invest in debt sold by U.S. middle-market companies, including private-equity merger targets, energy-development projects, and mainstream companies that don't qualify for cheap bank loans. For the hope of higher, steadier interest yields, BDC investors often pay high broker fees.
March 15, 2016
THE DAILY NEWS' annual March Madness guide was designed by Drew McQuade . The cover was designed by Amy Raudenbush . The guide was edited by Doug Darroch, Jim DeStefano, Tom Mahon, Deb Woodell and Mark Perner. The team-by-team capsules were edited by Bob Vetrone Jr. The team-by-team capsules and additional material were written by Adam Hermann, Ed Barkowitz, Joe Juliano, Marc Narducci, Evan Cross and Jared Steckler. Executive sports editor: Rich Hofmann .
March 10, 2016
ACCORDING TO the most recent study from the Society for Human Resource Management, 47 percent of all prospective employers conduct a credit check on job applicants. But there is no proven relationship between credit score and work performance. One explanation for this is that events outside of our control can negatively impact our credit scores. Most of us can relate to people dealing with massive medical bills because of illness or injury, who have been laid off or had their hours reduced, or who experienced financial difficulties caused by the loss of a spouse or the full-time care required for children with special needs and elderly parents.