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Pennsylvania

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  • March 2- The Philadelphia branch of the Federal Reserve on Monday named Patrick Harker, head of the University of Delaware, as its president and newest U.S. monetary policymaker. Harker, 56, begins July 1 and succeeds Charles Plosser, who retired on Sunday. A relatively unknown name on the national economic scene, Harker currently sits as a director on the...

  • CHARLEROI, Pa.— A regional southwestern Pennsylvania bank has changed its name from Charleroi Federal Savings Bank to cfsbank. President and Chief Executive Officer Neil Bassi says the name change better reflects the bank's growing regional presence. Founded 79 years ago in Charleroi, Washington County, the bank now has eight other branches, with others in...

  • WASHINGTON, March 1- Congress narrowly averted a partial shutdown of the U.S. domestic security agency late on Friday night, but the forces behind the chaotic episode remain- fractious Republicans and House Speaker John Boehner's lack of control over them. In five to seven months, the federal debt ceiling will again be reached, and by October Congress must pass...

  • Tom Wolf, who ran last year with the backing of environmental groups, will soon be giving a first glimpse at how his administration will approach the powerful Marcellus Shale natural gas industry. Next week, Wolf's Department of Environmental Protection is preparing to release its plans to update various rules over the drilling industry, including how it must...

  • WASHINGTON— It's not uncommon to feel some trepidation around tax-filing season. But there's an added hassle this year for nearly a million consumers who got financial help with health insurance premiums under President Barack Obama's law. "It's been a comedy of errors from the start," said K.C. Crafts, a freelance financial writer from South Berwick, Maine.

  • House Roll Call: Approving 1-week DHS funding bill Friday, 27 Feb 2015 | 10:25 PM ET

    The 357-60 roll call Friday by which the House approved a bill to fund the Homeland Security Department for one week. The bill goes to President Barack Obama for his signature. Republicans— Aderholt, X; Brooks, N; Byrne, Y; Palmer, N; Roby, Y; Rogers, Y.

  • NEW YORK, Feb 27- U.S. stocks closed lower on the last trading day of February after mixed U.S. economic data on a day when European stocks hit records and oil prices rebounded for their first monthly gain since June. The Nasdaq was the weakest of the three major U.S. indexes on Friday, weighed down by Apple Inc as some investors took profits ahead of its March 9 product...

  • NEW YORK, Feb 27- The S&P 500 posted its best monthly gain since October 2011 on Friday, but U.S. stocks ended lower for the day as U.S. economic growth slowed more sharply than initially thought in the fourth quarter. The S&P 500 gained 5.5 percent for the month, while the Nasdaq rose 7.1 percent, its best monthly performance since January 2012. That maybe set a tone for...

  • PHILADELPHIA— Internet activists took an aerial jab at Comcast to celebrate new government rules affecting the Philadelphia- based corporation. A plane towed a banner past company headquarters that said, " Comcast: Don't Mess With the Internet." The Federal Communications Commission voted Thursday to impose strict regulations on Internet service providers...

  • JOHNSTOWN, Pa.— A Toronto- bound jet with 35 people aboard has landed safely at a Pennsylvania airport after smoke from a shorted-out cabin light prompted the captain to declare an emergency. Flight 7316 left Raleigh-Durham International Airport in Morrisville, North Carolina around 11:15 a.m. and was due at Toronto Pearson International Airport just after...

  • NEW YORK, Feb 27- U.S. stocks edged down late in Friday's session on the last trading day of February, led by technology stocks, but oil prices rebounded for their first monthly gain since June. European shares broke multi-year records ahead of the European Central Bank's planned moves to stimulate growth. The Nasdaq was the weakest of the three major U.S. indexes,...

  • Recalls this week: hand trucks, ceiling fans Friday, 27 Feb 2015 | 3:10 PM ET

    DETAILS: Cosco Home& Office Products 3- in-1 convertible aluminum hand trucks with model numbers 12-301 ABL and 12-301 ABL1. They were manufactured from January 2009 to October 2011. They were sold at Ace Hardware, Costco Wholesale Club, Lowe's, Price Mart and United Stationers and online at The Home Depot.com from March 2009 to October 2011.

  • NEW YORK, Feb 27- U.S. stocks dipped Friday afternoon as data showed U.S. economic growth slowed more sharply than initially thought in the fourth quarter, though the Dow and S&P 500 were on track for their best monthly performance since October 2011. "That maybe set a tone for the market that wasn't wildly ebullient," said Mark Luschini, chief investment strategist...

  • US rig count decreases 43 to 1,267 Friday, 27 Feb 2015 | 2:49 PM ET

    HOUSTON— Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. fell by 43 this week to 1,267 amid depressed oil prices. Of the major oil- and gas-producing states, North Dakota's count fell by 11, Oklahoma lost nine, Louisiana seven, Texas six, New Mexico four, Colorado three and Wyoming two.

  • Correction: Earns-Epam story Friday, 27 Feb 2015 | 2:41 PM ET

    NEWTOWN, Pa.— In a Feb. 26 story about the financial results of Epam Systems Inc., The Associated Press reported erroneously, in a report generated by Automated Insights using data from Zacks Investment Research, that the company's adjusted earnings missed Wall Street expectations. Epam beats 4 Q profit forecasts. NEWTOWN, Pa.— Epam Systems Inc. on Wednesday...

  • In an event at the AARP office in downtown Philadelphia, Wolf told about 30 people that his upcoming 2015-16 state budget plan would expand home- and community-based long-term care for an additional 5,500 people. The state plans to increase the Department of Human Services' budget by $32 million and add about $7 million to the Department of Aging, Wolf said.

  • NEW YORK, Feb 27- Wall Street stocks fell slightly on the last trading day of February as weak U.S. growth data made investors cautious, while European shares broke multi-year records ahead of the European Central Bank's injection next month of 60 billion euros to spur growth. On Wall Street, the Dow Jones industrial average was down 35.93 points, or 0.20 percent, at...

  • *J.C. Penney tumbles after earnings. NEW YORK, Feb 27- U.S. stocks were little changed on Friday, as a mixed batch of economic data provided investors with little incentive to push equities to new records. I would argue it is still on solid footing, it is just we are in a bit of an ebb and the market is kind of ebbing with it a little bit, "said Bill Stone, chief investment...

  • MeetMe posts 4Q profit Friday, 27 Feb 2015 | 8:57 AM ET

    NEW HOPE, Pa. _ MeetMe Inc. on Friday reported fourth-quarter net income of $847,000. On a per-share basis, the New Hope, Pennsylvania- based company said it had net income of 2 cents. For the year, the company reported that its loss narrowed to $4 million, or 10 cents per share.

  • Shenandoah Telecom tops 4Q profit forecasts Friday, 27 Feb 2015 | 7:24 AM ET

    EDINBURG, Va. _ Shenandoah Telecommunications Co. on Friday reported fourth-quarter profit of $8.6 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share. The telecommunications service provider in parts of Maryland, Pennsylvania, Virginia and West Virginia posted revenue of $82.8 million in...