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.

The commission that called for closing scores of Catholic schools in the Archdiocese of Philadelphia also created a new category called "mission schools" it said would ensure Catholic education survives in poor inner-city neighborhoods.

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.

PHILADELPHIA, Jan. 16 (UPI) -- Jrue Holiday pumped in 24 points and Andre Igoudala added 21 for Philadelphia Monday, helping the 76ers improve to 6-0 at home with a 94-82 win over Milwaukee.

PHILADELPHIA, Jan. 17 (UPI) -- Scott Hartnell capped a big second period for Philadelphia with a power-play goal Tuesday and the Flyers breezed to a 5-1 win over Minnesota.

Philadelphia should demand that Wall Street banks refund half a billion dollars lost or owed by city agencies on interest-rate swap contracts that were supposed to cut city borrowing costs but instead swelled budget deficits at the worst possible time, a Harrisburg-based advocacy group and its labor-union allies say.

Philadelphia has certainly been here before; in the very recent past, as a matter of fact. In 2006, the unassuming Philadelphia Phillies finished their season in amongst the top batting teams in the league, but fell 12 games short behind the New York Mets for second-place in the NL...

Virgin America says it will start flying to and from Philadelphia in April.

PHILADELPHIA , Jan. 16, 2012 /PRNewswire/ -- More and more former NFL players are rapidly joining the class action lawsuit anticipated to be filed tomorrow in Philadelphia Federal Court. The concussion ...

The Philadelphia Union participated in the MLS Supplemental Draft on Tuesday, January 17, 2012. The Supplemental draft covers all other potential players for the 2012 season that were not eligible or were not drafted during the SuperDraft.