As the nation paused to mark the 13th anniversary of the Sept. 11 terror attacks, little about the ceremony has changed. But so much around it has.» Read More
DONEGAL, Pa.— An elderly western Pennsylvania couple is struggling to cope after state officials say a natural gas drilling company's wastewater pond contaminated their drinking water.
CAMP HILL, Pa.— Rite Aid Corp. topped analyst expectations for its second quarter, but the drugstore chain's stock tumbled in premarket trading Thursday after it also dropped its fiscal 2015 earnings forecast due to an expected decrease in pharmacy profitability.
PITTSBURGH— Chevron has become the first energy company to meet a new set of voluntary shale gas drilling standards that aim to go beyond existing state laws in Pennsylvania, Ohio and West Virginia, the Pittsburgh- based Center for Sustainable Shale announced Thursday.
BERLIN— German pharmaceuticals and chemicals company Bayer AG said Thursday it plans to spin off its polymer division with a separate stock listing. Bayer Material Sciences, or BMS, would have sales of 11.3 billion euros based on 2013 figures, and have a global workforce of about 16,800 employees, said Chief Executive Marijn Dekkers.
MINNEAPOLIS, Sept 18- A string of missteps at a $10 billion Angolan liquefied natural gas venture has hurt Chevron Corp's reputation as a top-notch operator of profitable energy projects around the world.
WASHINGTON— The nation's economic recovery has been slow to reach the Philadelphia metropolitan area, hurt in part by an exodus of residents and a continued collapse in mid-wage jobs, new census data show. Philadelphia posted the largest income drop among large metro areas outside the Sun Belt, a sign of its persistently weak job market.
WASHINGTON— Record-low interest rates will be around for at least a few more months, the Federal Reserve made clear Wednesday. "Borrowers should see the writing on the wall," said Greg McBride, chief financial analyst at Bankrate.com.
Sept 18- The mothballed Hovensa refinery, once the largest in the Western hemisphere, could be the latest "zombie refinery" to come back to life, revived by the U.S. shale boom.
WASHINGTON— The Federal Reserve signaled Wednesday that it plans to keep a key interest rate at a record low because a broad range of U.S. economic measures remain subpar. "In the Fed's mind, the economy still has work to do, but it's improving," said Mike Arone, an investment strategist with State Street Global Advisors.
HARRISBURG, Pa.— A law firm's investigation into allegations of misconduct by the then-chief investment officer of Pennsylvania's state government pension system found no support for allegations that he improperly engaged in day trading while working for the agency.
PHILADELPHIA— Police searching for a group of people suspected in the beating of a gay couple got an outpouring of help from Twitter and Facebook users, who located a photo of the clean-cut young men and women at a restaurant and helped match names to faces.
The Pittsburgh company said it expects a big improvement in its third-quarter operating income from its reportable segments and other businesses. Steel said it will provide about $165 million in secured, debtor-in-possession financing to U.S. Steel Canada Inc., which will allow the business to continue operating as it explores the restructuring.
Sept 17- Twenty-two partners have jumped ship en masse from Bingham McCutchen's marquee restructuring practice, raising questions about the fate of the law firm's closely watched merger talks with the larger Morgan Lewis& Bockius.
PITTSBURGH— The H.J. Heinz Co. will resume food production in Pittsburgh for the first time since 2002, when the ketchup giant sold its production plant to Del Monte Foods. The Pittsburgh Post-Gazette reports the baby food will be shipped to Canada.
WASHINGTON— The U.S. current account trade deficit narrowed slightly in the April-June quarter, reflecting gains in exports of oil and civilian aircraft and a bigger surplus in Americans' overseas investment earnings.
The board of Auxilium Pharmaceuticals Inc. has adopted a "poison pill" shareholder rights plan to ward off a hostile takeover after Endo International PLC announced an unsolicited offer worth about $1.41 billion for its fellow drugmaker.
Sept 17- Auxilium Pharmaceuticals Inc said it would not withdraw its offer to buy Canadian eye drug maker QLT Inc and adopted a poison pill, a day after receiving an unsolicited buyout offer from Endo International Plc.
Barcelona was awarded 5 million euro as top finisher. Four others were awarded 1 million euros each: the metropolitan area of Kirklees, England, and the cities of Stockholm; Warsaw, Poland; and Athens, Greece.
Sept 17- Laboratory equipment supplier VWR Corp said it expects its initial public offering of common stock to be priced between $22 and $25 per share, raising up to $638 million.
WASHINGTON— The Commerce Department reports on the U.S. current account trade deficit for the April-June quarter. WIDER DEFICIT: The expectation is that the deficit widened to $113.8 billion in the second quarter, up 2.3 percent from the first quarter, according to a survey of economists by data firm Fact Set.