Council ends its effort to counter ATM fees

Article Abstract:

The City Council of Philadelphia, PA, will no longer pursue the passage of an ordinance that would require banks to eliminate ATM charges to be able to do business in the city. Mayor Rendell had earlier vetoed the proposal following the banks' threat that they would turn away the city's business should the ordinance be approved. Rendell said that there were no regional banks with free ATM service that could handle the volume of business of the city. Pat McNamara, leader of the Consumers Education and Protective Association, expressed the local watchdog group's disappointment over the Council's inaction.

Comment:

PA: Philadelphia's City Council will no longer pursue the passage of an ordinance that would require banks to eliminate ATM fees

Commercial Banks, Commercial Banking, Government domestic functions, Article

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Spending at PGW is probed by D.A

Article Abstract:

Lynne M. Abraham, the district attorney of Philadelphia, is conducting a criminal investigation of the Philadelphia Gas Works (PGW). The issue at hand is the perks that have been provided for PGW executives. Mr. Abraham is looking into PGW's spending. He is also investigating the spending of a group of utility experts from the private sector. These experts were involved with the PGW's reorganization in 1996. PGW's departing CEO, James Hawes 3d., is the center of a controversy concerning his receipt of $90,000 for moving allowance. Mr. Hawes overspent the total by $158,000.

Legal issues & crime, Gas Utilities, Natural Gas Distribution, Philadelphia Gas Works

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Staking claims on opportunity

Article Abstract:

Philadelphia-based venture capital company, Capital to People/Murex Investments Inc., helps build businesses that guarantee employees health benefits, above-minimum-wage salaries, and equity in their companies.

United States, Strategy & planning, Venture Capital Companies, Miscellaneous Intermediation, Investors, not elsewhere classified, Capital to People/Murex Investments Inc.

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