November 12, 2014 |
Defense contractor Lockheed Martin will receive $107 million in tax credits to operate in Camden, the state Economic Development Authority said Monday. The company will create laboratory facilities in two downtown buildings and move about 250 jobs from the company's headquarters in Moorestown, according to the EDA. The company also has a laboratory in Cherry Hill. The company told the EDA that some of the jobs that will go to Camden are in danger of being eliminated due to increased competition in the defense industry, and that the subsidy will help save them.
November 8, 2014 |
EVEN BEFORE the clues fell into place leading investigators to rescue Carlesha Freeland-Gaither, Detective James Sloan knew two things: The 22-year-old abduction victim was more clever than her captor, and she was going to make it home safely. "I won't say something if I don't believe it," Sloan said yesterday of the promise he'd made to Carlesha's mother, Keisha Gaither, early in the investigation, that she would see her daughter alive again. The first of many clues that led to Freeland-Gaither's safe return home after authorities found her in Jessup, Md., with her alleged kidnapper on Wednesday was provided by the young woman herself, police said.
November 4, 2014 |
A Philadelphia tax preparer pleaded guilty Monday to multiple counts of tax fraud after falsifying hundreds of clients' returns. Edward J. Rorie, 50, doctored 968 returns between 2009 and 2011, seeking inflated refunds totaling $3.85 million, according to the U.S. Attorney's Office. The returns claimed miscellaneous tax credits and fictitious expenses the filers were not entitled to receive, netting more than $100,000 in losses for the IRS. The credits Rorie fraudulently claimed included the First Time Home Buyer Tax Credit, the Hope Tax Credit, the Earned Income Tax Credit, education credits, child care credits, and the Recovery Act's Additional Child Care Credit.
November 1, 2014 |
Teva Pharmaceutical Industries Ltd. said Thursday its third-quarter profit rose compared with the same period last year in large part because it stopped trying to sell generic medicine in markets where the profit was too small, cut expenses, and converted patients to a new version of its multiple sclerosis medication. Teva's net income rose from $711 million in the third quarter of 2013 to $876 million in the same period this year. Sales for the third quarter were almost flat, decreasing from $5.059 billion in 2013 to $5.058 billion in the third quarter this year.
October 19, 2014 |
American Express unveiled a new effort Friday to combat credit-card fraud with a big assist - from President Obama. He announced the American Express Small Merchant EMV Assistance Program during a news conference in Washington, detailing a $10 million initiative designed to help merchants defray the cost of replacing check-out terminals with ones that will accept secure, chip-based credit cards. So-called EMV technology offers greater payment security by storing data on a chip embedded in a credit card, assuming payment terminals are equipped to read the chip.
October 18, 2014 |
City Council on Thursday approved a bill that would make it easier for fast-food firms, hotels, and other traditionally low-wage employers in Philadelphia to pay their workers $12 an hour. If signed into law by Mayor Nutter, an employer would get a $5,000 tax credit for each new full-time worker it hires and pays at least $12 an hour. The tax break would last five years. The bill, sponsored by Councilman W. Wilson Goode Jr. and unanimously approved, comes as some left-leaning groups are campaigning to raise the federal minimum wage to $10.10 an hour, while others want it raised to $15, as Seattle did in June.
October 13, 2014 |
TORONTO - The movie's over. The audience has laughed, cried, recoiled in horror at the bad behavior on display. But Bill Murray isn't finished. The titular star of St. Vincent - instantly a hallmark role of his career - creaks open the screen door to his character's pitiful backyard, headphones attached to a (yes!) portable cassette player, and starts singing along to Bob Dylan's "Shelter From the Storm. " For the next five minutes, as the credits roll for this feel-good comedy about a feel-bad guy, Murray fools around with a garden hose and echoes the Dylan verse on the sound track.
October 6, 2014 |
Matt Sumner was every bit as nervous when he walked into his first college class as he was on the morning he started high school, which makes sense since both were on the same day. "I thought it would be a lot of work, but if you do your studying, you can do it," said Matt, just 14, and a freshman at both Oxford Area High School and Cecil College. Sumner is a pioneer in the Early College Academy, a joint venture between the two schools that will allow him and 19 classmates to receive associate's degrees in the same week they are handed high school diplomas in 2018.
September 19, 2014 |
AS THE OLD saying goes, no man's credit is as good as his money. And yet we live in a society that judges our ability to get credit - and in many cases a job, insurance and even a security clearance - based on our good credit behavior. Following a recent column about the FICO credit scoring, many readers had questions about their credit situations. * One woman wrote: "My husband and I have been married for 52 years and have lived in our house for more than 40. We paid off the mortgage decades ago. All of our credit is in his name.
September 12, 2014 |
SO, WHAT was Nick Foles seeing during that horrendous first-half performance in the Eagles' come-from-behind season-opening victory over Jacksonville? Since the Birds then went on to score 34 straight points, it was easy for Foles to talk about team unity, keeping confidence and sticking together to rally to a 34-17 victory. Ultimately, that was the most important thing, but it's hard to ignore how Foles looked as if he didn't even belong on the field for the first 30 minutes of that game.