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Gov. Tom Corbett (R-PA) and Austan Goolsbee, Chicago Booth School of Business, discuss the energy boom and the economic recovery in the U.S.
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*Delta eyes chances to ship jet fuel to Midwest markets. And it expect costs will fall further as Delta ramps up supplies of cheap crude to the refinery from the Bakken play in North Dakota.
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PHILADELPHIA-- Brokenhearted skateboarders long banned from Philadelphia's internationally renowned shredding paradise of Love Park may have a new object of affection: Paine's Park. Paine's Park sits next to a popular exercise path along the Schuylkill River, just below the Philadelphia Art Museum.
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*Delta eyes chances to ship jet fuel to Midwest markets. And it expect costs will fall further as Delta ramps up supplies of cheap crude to the refinery from the Bakken play in North Dakota.
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Gov. Tom Corbett (R-PA) and Austan Goolsbee, Chicago Booth School of Business, discuss the energy boom and the economic recovery in the U.S.
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HARRISBURG, Pa.-- Pennsylvania's debt-laden capital city will have a new mayor next year, but he could have little role in sorting out the pressing financial problems that dragged Harrisburg to the brink of bankruptcy after an unprecedented takeover by the state.
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Tom Corbett says American Eagle Outfitters Inc. is planning a $160 million- plus distribution center near Hazleton that is projected to generate nearly 400 jobs. The center is being supported by state money, including more than $500,000 from the Department of Community and Economic Development.
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The city settled without admitting or denying the SEC allegations. Because the city loaned proceeds from the first offering to a private developer and restructured a lease agreement related to the parking structure before the second sale, it put the tax-exempt status of both bond deals in jeopardy, the SEC said.
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NEW YORK-- A BMO Capital Markets analyst lowered his rating Dick's Sporting Goods Inc. Wednesday, citing the stock's high valuation. He kept his estimate for 2013 earnings per share at $2.84 but lowered his 2014 estimate by 5 cents to $3.30 per share. Shares of Dick's Sporting Goods Inc. slipped 82 cents, to $51.93 in afternoon trading.
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PITTSBURGH-- American Eagle Outfitters Inc. reported a drop in its fiscal first-quarter profit because of falling sales and some special charges during the period, but the teen retailer's adjusted earnings beat market expectations.
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CHICAGO-- The Chicago Board of Education was expected to take a final vote Wednesday on whether to close 53 schools, an ambitious proposal that sparked protests and lawsuits and could help define _ for better or worse _ Mayor Rahm Emanuel's term in office.
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*Investors to focus on Bernanke's remarks before Congress. NEW YORK, May 22- U.S. Treasuries prices were little changed on Wednesday as investors awaited possible hints from Federal Reserve Chairman Ben Bernanke on whether the U.S. central bank might slow its purchases of bonds this year.
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CNBC has been ranking all 50 states for competitiveness since 2007. This year's report comes as states continue to get back in fighting shape—fighting for jobs, that is.
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HORSHAM, Pa.-- Toll Brothers' second-quarter earnings jumped 46 percent as a rebounding economy and low interest rates drove sales at the luxury home builder. The Horsham, Pa., company said the average price of homes delivered climbed 3.6 percent in the quarter to $577,000 compared with last year.
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We score all the states on 55 measures of competitiveness and 10 categories, from the cost of doing business to technology and innovation.
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May 21- A new type of asthma drug meant to attack the underlying causes of the respiratory disease slashed episodes by 87 percent in a mid-stage trial, making it a potential game changer for patients with moderate to severe disease, researchers said on Tuesday.
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NEW YORK, May 21- Stock markets around the world edged higher on Tuesday amid signs of improving growth, even though questions about monetary policy limited gains. The euro was slightly higher, though a slowdown in British inflation sent sterling to a 7- week low on the view it could give the Bank of England more leeway to support the economy.
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NEW YORK, May 21- Stock markets around the world edged higher on Tuesday amid signs of improving growth, even as uncertainties concerning monetary policy limited gains. The euro was slightly higher, though a slowdown in British inflation sent sterling to a 7- week low on the view it could give the Bank of England more leeway to support the economy.
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NEW YORK, May 21- Stock markets around the world edged higher on Tuesday amid signs of improving growth, even though questions about monetary policy limited gains. The euro was slightly higher, though a slowdown in British inflation sent sterling to a 7- week low on the view it could give the Bank of England more leeway to support the economy.
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*Shares flat ahead of Bernanke testimony on Wednesday, Home Depot rallies. That has made Wednesday's release of minutes from the central bank's last meeting and Fed chairman Ben Bernanke's testimony in Congress the main focus for markets waiting for the first signs of a clear shift in attitude.
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HARRISBURG, Pa.-- Another natural gas exploration company says it's experimenting with the gas to power huge pump engines that drive the hydraulic fracturing process. Cabot Oil and Gas Corp. said Monday that it successfully tested an engine last month in northern Pennsylvania's Susquehanna County with gas from other wells it had already drilled.