New York and Illinois court rulings on 'Amazon taxes' may head to the U.S. Supreme Court to settle questions about the taxing online retail sales.» Read More
PITTSBURGH-- PNC Financial Services Group said Friday it is settling a dispute with Federal Home Loan Mortgage Corp., or Freddie Mac, for $89 million.
American Eagle Outfitters Inc., based in Pittsburgh, was the latest teen fashion merchant to lower its profit outlook for the rest of the year as it resorts to heavy discounting to pull in cautious shoppers. Aeropostale Inc. reported on Wednesday that it swung to a loss in the third quarter as the chain aggressively marked down clothing to attract shoppers.
Tom Corbett will begin the formal process Friday of seeking approval for his plan to bring billions of federal Medicaid expansion dollars to Pennsylvania to extend health insurance to half a million working poor.
NEWS: American Eagle Outfitters Inc. said Friday that its third-quarter net income tumbled 68 percent, matching Wall Street predictions, but issued a lower-than-expected profit prediction for the current period. NUMBERS: American Eagle earned $24.9 million, or 13 cents per share, down from $78.6 million, or 39 cents per share, in the same quarter of 2012..
First United Corp.: Approximately 400 shares changed hands, a 94.6 decrease from its 65- day average volume. The shares fell$. 31 or 3.8 percent to $7.87. The shares fell$. 04 or. 2 percent to $20.15.
Jolly Ranchers are heading to India, the first international market for the hard candy outside of North America in its 65- year history. Hershey India Private Ltd., a subsidiary of The Hershey Co., said Thursday that the expansion underscores the significance of a growing confectionery market in India, a nation of more than 1.2 billion people.
HARRISBURG, Pa.-- Pennsylvania is among the states hoping to compete for a new Boeing aircraft assembly plant. Department of Community and Economic Development spokesman Steve Kratz said Wednesday the company contacted the state on Tuesday, asking for proposals to attract a plant to build the new 777 X aircraft.
*China Mobile signs deal with Apple- report. NEW YORK, Dec 5- U.S. stock index futures were little changed on Thursday, ahead of data on the labor market and economic growth that may help investors assess whether the Federal Reserve may accelerate its timetable to wind down its monetary stimulus.
Researchers at New York University and University of California, Berkeley analyzed 96 metropolitan areas across the United States to see how a lack of economic integration within cities affects people's economic fortunes.
*Trade deficit narrows to $40.6 billion in October. WASHINGTON, Dec 4- U.S. private-sector hiring rose in November at the fastest clip in a year, opening the door wider for the Federal Reserve to start trimming its bond purchases within the next few months.
PITTSBURGH-- American Eagle is broadening its international presence with new license agreements in Central and South America and Thailand.
Dec 4- Private equity firm Thomas H. Lee Partners LP is in advanced talks to acquire Phillips Pet Food& Supplies in a deal that could value the pet food distribution company at more than $500 million, according to three people familiar with the matter.
LONDON, Dec 4- Supporters of renewables often imply the clean-energy revolution is close to phasing out fossil fuels for electricity generation in the United States, especially polluting coal-fired power plants.
*U.S. nonfarm payrolls forecast to have risen 180,000 in November. WASHINGTON, Dec 3- U.S. job growth likely remained solid in November, with the unemployment rate falling, which could bring the Federal Reserve a step closer to curtailing its massive monetary stimulus.
NEW YORK-- Shares of medical device maker Unilife rose Tuesday after the company said it signed a supply deal with Swiss drugmaker Novartis. Unilife said it will supply Novartis with a customized drug delivery device that will allow the Novartis drug to be delivered to a targeted organ.
If Rhodes rules Detroit is eligible for bankruptcy, which most experts expect, the city will begin working toward its next major move, the submission of a plan to readjust its more than $18 billion in debt.
Dec 2- A surge of visitors clogged the U.S. government's revamped healthcare insurance shopping website on Monday, signaling that President Barack Obama's administration has a way to go in fixing the portal that showcases his signature domestic policy.
NEW YORK, Dec 2- Clients often ask financial adviser Grant Rawdin to teach their children about money before they send them off to college or to their first jobs. Rawdin now hands out a formal engagement letter to the younger generation to officially link them to his firm, Philadelphia- based Wescott Financial Advisory Group.
WASHINGTON, Dec 2- China can learn from U.S. struggles to reduce pollution as it confronts recent high-profile incidents of poor air quality paralyzing major cities, the top U.S. environmental regulator said on Monday.
A check by Reuters showed visitors waiting for the Florida, Pennsylvania and South Carolina markets. But the queue in Pennsylvania and South Carolina quickly disappeared as volumes fluctuated. "The real challenges remain, and that's downstream," said Rick Howard, research director for the technology consultant Gartner. "