Richard Mellon Scaife, the grand-nephew of Andrew Mellon, has died.» Read More
July 22- Detroit will head into the critical phase of its historic bankruptcy case next month with the backing of an overwhelming majority of its active and retired workers and with opposition from a small, hard-core group of hold-out creditors.
NEW YORK, July 22- Brent and U.S. crude edged lower in choppy trading on Tuesday as oil supplies remained unaffected by continuing violence in Iraq, Ukraine and Gaza.
*American cancels flight from Philadelphia to Tel Aviv. July 22- U.S. air carriers Delta Air Lines, American Airlines Group and United Airlines on Tuesday halted flights to Israel under directions from the U.S. Federal Aviation Administration to ensure passenger safety as turmoil in the region has intensified.
The flight stoppages came after Hamas, the militant group that dominates in the Gaza Strip, and its allies fired more rockets into Israel, triggering sirens in Tel Aviv. Meanwhile, Casey Norton, a spokesman for American Airlines, said an inbound and outbound flight operated by its US Airways unit between Philadelphia and Tel Aviv were canceled.
NEW YORK, July 22 (Reuters)- Brent crude oil futures edged higher in choppy trading on Tuesday, as traders searched for direction amidst political tensions in Ukraine and Gaza, and U.S. prices were supported by expectations of a drop in national stockpiles.
HARRISBURG, Pa.— Strained by the rapid expansion of natural gas drilling in Pennsylvania and limited resources, environmental regulators have failed to adequately monitor well safety or to provide clear and timely information to citizens, the state's elected auditor said Tuesday.
PHILADELPHIA— Comcast Corp.' s second-quarter net income rose 15 percent to nearly $2 billion as it added high-speed Internet customers at a faster pace than a year ago and video subscriber losses moderated.
NEW YORK, July 21- An upstart U.S. food technology company has developed a unique fermentation process using mushrooms to reduce bitterness in cocoa beans that it believes will cut sugar content in chocolate candy.
It once owned a handful of stores in New York City, Seattle and Philadelphia but closed most, including one in Times Square, in 2010.. At the same time Starbucks Corp last week opened its first store in Colombia 43 years after the world's biggest coffee chain began buying beans from the country famous for its premium arabica coffee.
The talk was canceled at the request of attorneys for Carnegie Mellon University in Pittsburgh, where the speakers work as researchers, the spokeswoman, Meredith Corley, told Reuters.
July 21- Delta Air Lines Inc, trying to boost savings on manufacturing of jet fuel, said on Monday it reached a five-year agreement with a Dallas energy company for 65,000 daily barrels of U.S. crude oil to be supplied to its Pennsylvania refinery.
WASHINGTON— Since the Great Recession officially ended in June 2009, the U.S. economy has generated 7.8 million jobs. North Dakota, benefiting from an oil and gas drilling boom, has created nearly 98,000 jobs over the past five years, a 27 percent increase-- by far the best in the country.
Details of Thursday's Commonwealth Court ruling on a lawsuit challenging aspects of a 2012 law that updated Pennsylvania's oil and gas drilling regulations:. —The Pennsylvania Public Utility Commission's power to withhold drilling fee revenue from municipalities whose zoning it deems to illegally restrict drilling activity.
HARRISBURG, Pa.— A Pennsylvania court has further limited the reach of a major 2012 law that modernized drilling regulations, ruling Thursday that state public utility regulators cannot review how local zoning restrictions affect the natural gas industry.
WASHINGTON, July 17- The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, pointing to sustained momentum in the economy even as home building fell for a second straight month in June.
WASHINGTON— Manufacturing in the Philadelphia region surged in July, expanding at its fastest pace in more than three years, as new orders, shipments, and hiring all rose. The Federal Reserve Bank of Philadelphia said Thursday that its index of regional factory activity rose to 23.9 in July from 17.8 in June.
Rejected Fox bid for Time Warner shows growth mood. NEW YORK— In a move that aims to counter consolidation among TV distributors, Rupert Murdoch's Fox has made an unsolicited takeover offer for rival media giant Time Warner for about $76 billion in cash and stock.
LAS VEGAS— Casino giant Las Vegas Sands Corp. said its second-quarter profit rose 27 percent due to continued growth in Macau, but earnings missed analysts' expectations and suffered in June as bettors focused more on their World Cup wagers than on the casino tables.
WASHINGTON— Cities such as Indianapolis that regularly replace old natural gas lines have significantly fewer leaks than older urban areas where they don't, like Boston and New York City's Staten Island, according to a new study by Google and an environmental group. Boston and Staten Island averaged one leak per each mile mapped.
WASHINGTON, July 16- Two U.S. senators on Wednesday unveiled a bill prompted by the General Motors Co recalls over defective ignition switches that would make it a crime for corporate officers to conceal dangers posed by their products.