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
MIDDLETOWN, Conn.— Connecticut Republican gubernatorial candidate Tom Foley defended his business record on Thursday, saying he ultimately saved unionized workers' jobs following a lengthy strike at a Pennsylvania plant he previously owned.
Sept 18- Alibaba Group Holding priced its initial public offering at $68 a share, the top end of the expected range, raising $21.8 billion on Thursday. "I'd put them in a class of Facebook and Google with the scale they have, growth prospects and profitability," said Scot Wingo, CEO of e-commerce software provider ChannelAdvisor.
Sept 18- Oil and gas producer Range Resources has been fined more than $4 million for environmental violations in Pennsylvania, state environmental authorities said on Thursday, the largest fine leveled against a shale gas operator in the state.
NEW YORK— Air Products& Chemicals Inc. plans to restructure its business into seven divisions next month as it seeks to boost growth. On Oct. 1, the company will break up its industrial gases business by location: the Americas; Europe, the Middle East and Africa; Asia; and global. Shares of Air Products rose $2.12 to $133.04 Thursday.
Sept 18- Major institutional investors such as BlackRock will likely receive the bulk of roughly $22 billion worth of Alibaba Group Holdings shares being sold in an initial public offering set to price later on Thursday, people familiar with the situation said.
PITTSBURGH— Energy company Range Resources said Thursday it has agreed to pay a $4.15 million fine for environmental violations at a western Pennsylvania site that handled natural gas drilling waste.
Sept 18- Big institutional investors like Blackrock will likely get the bulk of roughly $22 billion worth of Alibaba Group Holdings shares being sold in an initial public offering set to price later on Thursday, people familiar with the situation said.
Jay Rockefeller and Bob Casey unveiled legislation Thursday aimed at ensuring fairer treatment for coal miners with black lung disease who are pursuing benefits claims.
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 Thursday after it also dropped its fiscal 2015 earnings forecast for the second straight quarter due in part 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.
And the Census Bureau says Thursday median household income in the state also remained flat at about $57,000. The national median income was about $52,000 last year. Among New York's neighbors, it was $68,000 in Connecticut; $66,000 in Massachusetts; $70,000 in New Jersey; $52,000 in Pennsylvania and $53,000 in Vermont.
WASHINGTON— The nation's economic recovery has been slow to reach the Philadelphia metropolitan area and income inequality has widened, hurt in part by an exodus of residents and a continued collapse in mid-wage jobs. 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.