PHILADELPHIA, PA—The Federal Reserve Bank of Philadelphia says its Manufacturing Business Outlook Survey indicated continued modest growth in the region's manufacturing sector in February. Although the current activity index fell for the third consecutive month, it remained positive, and the employment indicator increased from its reading last month. The survey's future activity index also fell but continues to reflect general optimism about manufacturing growth in the region over the next six months.

NEWARK, NJ—Last week the Newark City Council decided to postpone a key vote on a bill critical to the completion of the controversial Triangle Park project here.

BRENTWOOD, MD—Prince George's County has selected the Landex Companies as the developer of the $36-million redevelopment of the “Plumber's Building” here.

TAMPA, FL—There are profits to be had buying problems loans—but there are also plenty of problems to be had. Should you take the risk?