Some construction workers and union members in Pennsylvania, Ohio and West Virginia say they're benefiting in a big way from the shale boom» Read More
PITTSBURGH— After early complaints that out-of-state firms got the most jobs, some local construction trade workers and union members in Pennsylvania, Ohio and West Virginia say they're now benefiting in a big way from the Marcellus and Utica Shale oil and gas boom.
PALMDALE, Calif.— Boeing Co. will pay $47 million to hundreds of current and former Southern California employees who are owed back pay and benefits, a union announced Friday.
PHILADELPHIA— A Philadelphia chocolate maker and candy store says it has resolved a tax issue that threatened to shutter the establishment days before Easter. Blasius Chocolate Factory says on its Facebook page that the problem had been solved and the store "is open now forever.
It's the story of the documentary "1971," premiering Friday at the Tribeca Film Festival, a film about a little-known but hugely important break-in on March 8, 1971. A group of eight calling themselves the Citizens' Commission to Investigate the FBI broke into a laxly guarded satellite FBI office in Media, Pennsylvania, outside Philadelphia.
HARRISBURG, Pa.— Pennsylvania's jobless rate has continued its steady decline. The state Department of Labor and Industry says unemployment fell two-tenths of a percentage point to 6 percent in March. The data released Friday indicates Pennsylvania's labor force— or the number of people working or searching for work— rose last month by 12,000..
Philadelphia- based Aramark Correctional Services did not meet staffing requirements several times this year at three prisons, the Department of Rehabilitation and Correction said in the letter obtained by The Associated Press.
WASHINGTON— Secret Service investigators say they are close to gaining a full understanding of the methods hackers used to breach retailer Target's computer systems last December.
"The economy is stronger than you think," said Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi UFJ in New York. Initial claims for state unemployment benefits ticked up 2,000 to a seasonally adjusted 304,000 for the week ended April 12, the Labor Department said on Thursday, staying close to a 6-1/ 2 year low touched the prior week.
HARRISBURG, Pa.— Pennsylvania casinos are reporting a slight increase in revenue from table games. The Pennsylvania Gaming Control Board said Wednesday that revenue from table games totaled $67.9 million last month, up nearly 1 percent from a year ago.
US TREASURIES YIELDS RISE AFTER PHILADELPHIA FED DATA.
WASHINGTON— Applications for U.S. unemployment benefits increased slightly last week to a seasonally adjusted 304,000. The four-week average for claims dipped to its lowest level since October 2007, two months before the Great Recession began. California: Down 13,982, due to fewer layoffs in services. Iowa: Down 1,266, due to fewer layoffs in manufacturing.
NEW YORK, April 17- U.S. Initial claims for state unemployment benefits ticked up 2,000 to a seasonally adjusted 304,000 for the week ended April 12, the Labor Department said on Thursday. "There is follow-through from yesterday, there was significant selling in the middle of the curve," said Tom Tucci, head of Treasuries trading at CIBC in New York.
PHILADELPHIA— A popular Philadelphia chocolate maker and candy store has been shuttered by the city days before Easter. WPVI-TV said Wednesday the Department of Revenue revoked the business license of the Blasius Chocolate Factory in the city's Kensington neighborhood.
The Sierra Club, the American Lung Association and other groups say that proposed emissions limits for coal-fired power plants are too lax. The biggest plants would be allowed to release more than 130,000 tons of smog-causing nitrogen oxides annually— 40 percent more than they do now, according to an analysis by the Sierra Club.
*Prices fall as China growth beats expectations, stocks rise. NEW YORK, April 16- U.S. Better-then-expected growth in China, the world's largest economy, and a rally in Yahoo shares helped stocks rise for a third straight session.
WASHINGTON, April 16- U.S. economic activity picked up in recent weeks as a weather-related drag lifted, the Federal Reserve said on Wednesday. Chicago reported that growth had picked up, while New York and Philadelphia said activity had rebounded from slowdowns related to severe weather earlier in the year.
*Prices fall as China growth beats expectations, stocks rise. China, the world's second-largest economy, grew 7.4 percent in the January-March quarter from a year earlier, the National Bureau of Statistics said on Wednesday. "That momentarily took the air out of that move," said Jim Vogel, an interest rate strategist at FTN Financial in Memphis, Tennessee.
NEW YORK, April 16- Predicting when the bear market in biotech stocks will hit bottom is a hazardous prospect, but one gauge that factors in the rapid profit growth estimates for many of these companies suggests several are starting to look attractive.
*Prices gain as Ukraine tensions spark safety buying. Treasury debt prices gained on Tuesday as rising tensions in Ukraine sparked a safety bid for U.S. bonds, and a weak manufacturing survey for New York state pointed to sluggish economic momentum.
WASHINGTON, April 15- U.S. consumer prices firmed a bit in March, as food and housing rental costs rose in a possible sign that a disinflationary trend had run its course. "The sharp upswing in housing costs could be an early signal of a more sustained push higher in inflation," said Millan Mulraine, deputy chief economist at TD Securities in New York.