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Pennsylvania

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  • HARRISBURG, Pa.— Pennsylvania's charter and cybercharter schools would obtain funding directly from the state Department of Education instead of through local districts as part of a package of changes that was passed Wednesday by the House. Mike Reese, R- Westmoreland, said the bill would apply the Ethics Act to charter trustees and administrators and noted it...

  • WASHINGTON, March 4- The U.S. Supreme Court heard arguments on Wednesday on a second major challenge to President Barack Obama's healthcare law, but no clear majority was immediately apparent in the case that takes aim at a pivotal part of the statute providing tax subsidies to help people afford insurance. A couple of dozen demonstrators from the conservative...

  • A federal judge holds a hearing Tuesday on Seattle's minimum wage law, which treats franchisees of companies such as McDonald's and 7- Eleven as big businesses although many are owned by individuals and have a handful of employees. The agency's Office of General Counsel contends McDonald's is a joint employer with its franchisees, and should be held...

  • WASHINGTON, March 4- The U.S. Supreme Court began hearing arguments on Wednesday on a second major legal attack on President Barack Obama's healthcare law, with conservative challengers taking aim at a pivotal part of the statute that authorizes tax subsidies to help people afford insurance. A couple of dozen demonstrators from the conservative Tea Party...

  • American Eagle tops Street 4Q forecasts Wednesday, 4 Mar 2015 | 8:14 AM ET

    PITTSBURGH _ American Eagle Outfitters Inc. on Wednesday reported fiscal fourth-quarter net income of $61.6 million. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share. Eleven analysts surveyed by Zacks expected $1.05 billion.

  • VWR beats Street 4Q forecasts Wednesday, 4 Mar 2015 | 6:21 AM ET

    RADNOR, Pa. _ VWR Corp. on Wednesday reported fourth-quarter net income of $48.8 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share. Four analysts surveyed by Zacks expected $1.08 billion.

  • CDI reports 4Q loss Tuesday, 3 Mar 2015 | 6:48 PM ET

    PHILADELPHIA _ CDI Corp. on Tuesday reported a fourth-quarter loss of $8.8 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Philadelphia- based company said it had a loss of 45 cents. For the year, the company reported profit of $3.1 million, or 16 cents per share.

  • Weis posts 4Q profit Tuesday, 3 Mar 2015 | 5:03 PM ET

    SUNBURY, Pa. _ Weis Markets Inc. on Tuesday reported fourth-quarter earnings of $13.9 million. The Sunbury, Pennsylvania- based company said it had profit of 51 cents per share. Keywords: Weis Markets, Earnings Report.

  • HARRISBURG, Penn., March 3- Pennsylvania Governor Tom Wolf proposed a $29.9 billion budget on Tuesday that includes $2.5 billion of net tax increases for fiscal 2016.. "Pennsylvania will not improve until it rebuilds the middle class," Wolf said. Wolf proposed hiking Pennsylvania's personal income tax rate to 3.70 percent from the current 3.07 percent while...

  • HARTFORD, Conn.— Electric-car maker Tesla Motors on Tuesday offered to make some compromises to help state lawmakers pass legislation this year allowing direct sales to Connecticut consumers. To further limit the impact of the legislation, Tesla said it would agree to language restricting direct sales to manufacturers with an established presence in...

  • The casino is getting $14 million from the Casino Reinvestment Development Authority toward the $15 million total cost of both projects. The projects illustrate two trends underway in what until recently was the nation's second-largest gambling market after Nevada, but which has slipped into 3rd place behind Pennsylvania. And it also lets the Borgata...

  • *Actavis launches $21 bln bond deal. *Exxon Mobil to sell $7 bln in debt. Pharmaceutical company Actavis Plc launched a $21 billion corporate bond deal, the second-largest on record according to Thomson Reuters unit IFR.

  • L.B. Foster posts 4Q profit Tuesday, 3 Mar 2015 | 8:48 AM ET

    PITTSBURGH _ L.B. Foster Co. on Tuesday reported fourth-quarter net income of $6 million. On a per-share basis, the Pittsburgh- based company said it had net income of 58 cents. L.B. Foster shares have increased 1.5 percent since the beginning of the year.

  • Dick's beats Street 4Q forecasts Tuesday, 3 Mar 2015 | 7:42 AM ET

    CORAOPOLIS, Pa.— Dick's Sporting Goods Inc. on Tuesday reported fiscal fourth-quarter net income of $155.5 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share. Analysts expected $2.12 billion, according to Zacks.

  • Tests conducted last month by the Federal Aviation Administration show that rechargeable batteries, also called lithium-ion batteries, consistently emit explosive gases when they overheat or short-circuit, The Associated Press has learned. In the recent tests, as well as other FAA tests last year, the buildup of gases— primarily hydrogen— led to fierce...

  • COLUMBUS, Ohio— Prospective Ohio drivers would see added training requirements and the Bureau of Motor Vehicles would be allowed to accept credit and debit cards under a state transportation budget that easily cleared the Ohio House on Tuesday. The $7 billion, two-year spending blueprint lays out priorities for Ohio highway, road, bridge and public safety...

  • PHILADELPHIA— Authorities in Philadelphia have charged a federal immigration agent accused of stealing from a prisoner he was assigned to transport, the city's district attorney said Tuesday. Immigration and Customs Enforcement Agent Justin Ford was arrested last week after he was caught in a sting allegedly taking $200 from an undercover Philadelphia...

  • Tom Wolf on Tuesday proposed more than $4 billion in higher state taxes on income, sales and natural gas drilling to support new spending on schools and to cut property taxes as part of an overhaul of the way public education is funded. Wolf, a Democrat, is also asking the Republican-controlled Legislature to cut corporate taxes by hundreds of millions of dollars,...

  • WASHINGTON— Bitterly admitting defeat, the Republican-controlled Congress sent legislation to President Barack Obama on Tuesday that funds the Department of Homeland Security without any of the immigration-related concessions they demanded for months. Obama promised to sign the bill as soon as he received it, while criticizing Congress for taking "far...

  • WASHINGTON— Citing safety concerns, United Airlines on Monday became the second major U.S. airline to announce it will no longer accept bulk shipments of rechargeable batteries of the kind that power everything from smartphones to laptops to power tools. Delta Air Lines quiet stopped accepting bulk shipments of the rechargeable batteries, also called...