Teachers' pension plan funds privatization of PA lottery

The potential savings could come amid ongoing tensions between PSERS and Aon Investments USA, a consultant to PSERS since 2013.

“Digital currency is coming,” says Paul Melchiorre of R3. “I hope we can get our [act] together for the dollar before it’s too late.” e-CNY

The governor appoints six of the 11 SERS trustees, and three of 15 on the PSERS board. The plans invest over $100 billion to pay retirees and require more than $8 billion a year in public funding.

A budget question on the May 16 ballot will help Philly set aside more cash so it won't have to cut services in a recession, backers say

The city's largest expense is "locked into" the budget, its leader insists.

“It’s 15 years since we‘ve had yields in this range,” says an expert with Philadelphia-based Prudent Management Associates

Neighbors say they have had trouble coping with a car-based business in the increasingly residential neighborhood where Gopuff opened in late 2021 at a former grocery store at 13th and Washington.

Squeezed by higher rates and a slowdown in tech investment, SIlicon Valley Bank is taken over by FDIC after its shares collapse.

Tom Lynch, ex-boss of sensor giant TE Connectivity, brings lessons from an unforgiving global manufacturing business to help move Philadelphia's familiar Parkway science museum to the smartphone era.

A proposal calls for water to be pumped into a newly created reservoir and then pass through turbines to generate electricity as it falls hundreds of feet to the Susquehanna River downstream.

One year later, EPAM, Day & Zimmerman, and Nexteon talk about the business impact of Russia’s attack on Ukraine.

Billionaire Eagles fan Jeff Yass is building a sports-betting empire at his Susquehanna International Group

Radnor-based Phoenix Services' bankruptcy has been accompanied by poor maintenance and unfairly high price demands, Nucor told the court

Longwood Gardens, Pa.'s top tourist attraction, is acquiring 505 acres of the Granogue estate in nearby northern Delaware, following the recent death of its longtime owner, Irenee "Brip" du Pont Jr.

After GOP lawmakers and others refused to support her appointment, Sue Lemmo will have to wait if she's going to fill Chris Santa Maria's term.

Nine choices that did better (or lost less) than the S&P 500, and one that did a lot worse.

Interest rates and unemployment should peak this year, and then better times are ahead, predicts Citizens Bank boss Bruce Van Saun.

As Impact Recycling, the decades-old Philly company is spreading beyond its block-long Luzerne Street base.

From the fall of CoreStates to the success of WSFS, two new books go behind the scenes of Philly’s banks.

The Flyers have now lost five of their past six games after allowing New York to score two goals in the third period.

A shelter-in-place alert was lifted around 5:20 p.m., Upper Merion police announced.

Malayshia Alford was living in foster care and was reported missing from the 500 block of North Simpson Street on Oct. 26. She was found dead overnight, prosecutors said.

Milton will make his Eagles debut on Sunday and says he has enough of the playbook down to succeed.

For decades, victory was out of reach. This time, Democrats benefited from strong candidates, years of organizing, and a little help from President Donald Trump.

Republicans hoped Stacy Garrity would save them from a defeat like the one they suffered in 2022 against Josh Shapiro. This year, it was worse.