Win A Kentucky Derby Bet? Don't Forget Taxes

Asian markets were mostly lower Wednesday as investors waited for an update on the U. S. economy from the U. S. Federal Reserve.

Farm-state lawmakers are scrambling to win bipartisan support for a five-year, half-trillion-dollar farm bill on the House floor this week.

Two U. S. senators are urging a careful review of the merger between US Airways and American Airlines in a move that would create the nation’s largest air carrier. Reuters reported that Sen. Amy Klobuchar, D-Minn., and Sen. Mike Lee, R-Utah, the top members of the Senate Judiciary Committee, are requesting the review because if allowed it would mean the top four U.

The president of the Greater Philadelphia Cultural Alliance will step down next month, the organization said Wednesday. Tom Kaiden, who has led the organization for three years and will leave at the end of July, will become chief operating officer at the Alexandria (Va.) Conference & Visitors Association. Kaiden has spent 12 years with the organization, and took over leadership after the death of longtime leader Peggy Amsterdam. “Over the past 12 years, Tom has provided strategic leadership…

Clarence is far and away the most affluent town in Western New York, according to comprehensive rankings released this morning. Business First analyzed 109 towns and cities in 12 different categories, and Clarence's cumulative score is the best of the bunch. Rounding out the top five in the affluence rankings are Orchard Park, Aurora, Amherst and Grand Island. Click here to see a rundown of all 109 towns and cities, including key statistics for each. And click here to see the basic top-to-bottom…