Mark McDonald News
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Philadelphia Mayor Michael Nutter, whose municipality has the lowest credit rating of the five most-populous U.S. cities, will address investors at a conference financed by underwriters and closed to the public and the press.
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Los Angeles police arrested four people who refused to move as authorities cleared Occupy protesters near City Hall early this morning.
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Hurricane Irene killed at least 18 people from Puerto Rico to Connecticut, caused an estimated $3 billion in damage and cut electric power to more than 4 million homes and businesses across the eastern U.S.
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Foreign-exchange trading jumped during April compared with October as Europe’s debt crisis boosted trading, central banks said in semi-annual surveys posted on their websites.
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Hurricane Irene killed at least 40 people as it moved from the Caribbean through New England, left an estimated $2.6 billion in damage and cut power to almost 8 million homes and businesses along the U.S. East Coast.
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Billionaire Stanley Ho today said he transferred ownership of his stake in Asia’s biggest casino company to family members, ending a dispute for control over a business he spent five decades building.
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Philadelphia, which may close a quarter of its schools by 2017 to save cash, has to boost pay for firefighters even though the city’s fiscal overseer says that would “blow up the budget.”
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Philadelphia and its school district have lost a combined $331 million on interest-rate derivatives known as swaps, and the city stands to lose $244 million more, the Pennsylvania Budget and Policy Center said in a report.
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Former officers and directors of First Centennial Bank were sued for negligence by the Federal Deposit Insurance Corp., which said it had to pay $163 million to depositors after the bank failed in January 2009.
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Los Angeles police evicted protesters camped in hundreds of tents around City Hall, ending almost two months of occupation and detaining about 300 people, while a similar operation in Philadelphia led to 52 arrests.
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