PENNSYLVANIA

Harrisburg, Pennsylvania, moved a step closer to defaulting on a bond payment when its city council passed a 2010 budget that does not include $68 million in debt repayments on an incinerator.

Groundhog Day, which is celebrated in the U.S. and Canada on February 2nd, has its origins in European weather folklore, where a badger rather than a groundhog is the weather forecaster. The most famous Groundhog Day celebration occurs in Punxsutawney, Pennsylvania. Tradition holds that if Punxsutawney Phil sees his shadow when emerging from his burrow, as he did this year, there will be six more weeks of winter weather. Overcast conditions and the absence of a shadow signify warmer weather for ...

Ohio-based power company FirstEnergy Corp plans to buy Pennsylvania's Allegheny Energy Inc for $4.7 billion in stock to create one of the largest U.S. utilities, but regulatory hurdles loom.

Stocks rose in choppy trading on Thursday as uncertainty over details of a deal European leaders struck to aid debt-ridden Greece was offset by an improving U.S. labor market picture.

The U.S. Northeast began to clean up after two blizzards in a week brought the region to a standstill with record snowfalls, leaving thousands without power and creating a multimillion-dollar mess.

U.S. stocks fell on Wednesday as investors took a dim view of comments from the Federal Reserve chairman that although he still expects low interest rates for some time, the cheap funding that has underpinned a market rally since last March would end eventually.

U.S. mortgage applications dipped last week, reflecting reduced demand for home purchase loans even as rates on 30-year loans fell to their lowest since December, an industry group said on Wednesday.

U.S. mortgage applications dipped last week, reflecting reduced demand for home purchase loans even as rates on 30-year loans fell to their lowest since December, data from an industry group showed on Wednesday.

A former Intel Capital director pleaded guilty on Monday to fraud in the Galleon insider trading case, telling a New York court that hedge fund founder Raj Rajaratnam gave him money for personal needs and that he profited from illegal trades.

Democratic Representative John Murtha, who advocated to protect the steel and manufacturing industries in the U.S., died on Monday.

Stocks were lower on Monday as brokerage upgrades for Home Depot Inc and Amazon.com Inc were offset by persistent worries about euro zone sovereign debt problems that dented sentiment.

On February 2, 2010 - halfway point between the Winter Solstice and the Spring Equinox- will be celebrated the Groundhog Day in Punxsutawney, Pennsylvania, an annual event in the United States that is said to predict the weather for the rest of winter.

President Barack Obama's job-creation program could produce a short-term political boost, but it's unlikely to significantly stem job losses and reduce the unemployment rate anytime soon, according to economists.

Factory activity slowed more than expected in the U.S. Mid-Atlantic region in January, paring expectations of manufacturing's role in helping a U.S. economic recovery, a survey showed on Thursday.

U.S. stocks fell on Wednesday as quarterly results from three big U.S. banks raised concerns about the stability of the sector and analysts questioned IBM's profit forecast.

U.S. stocks rose on Tuesday and healthcare shares gained as a Massachusetts election for the U.S. Senate put President Barack Obama's healthcare reform in jeopardy.

U.S. stocks rose on Tuesday and healthcare shares gained as a Massachusetts election for the U.S. Senate put President Barack Obama's healthcare reform in jeopardy.

U.S. consumer prices rose modestly last month, while industrial output rose on a cold snap, suggesting the economy was growing but not generating a level of inflation that would spur the Federal Reserve to roll back from its stimulative policies.

A teenage girl who appeared topless in a sexting cell phone picture that was distributed among her middle-school classmates should face child-pornography charges, a Pennsylvania prosecutor argued before a U.S. appellate court on Friday.

Stocks were treading water on Monday after a week of gains as investors waited for the start of an earnings season that will show whether profits and outlooks will be strong enough to extend stocks' advance.

U.S. stocks paused on Monday after a week of gains as nervous investors braced for the start of earnings reporting, worried if profits and outlooks will be strong enough to extend the market's advance.