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Pennsylvania

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  • Dec 20- More than 1,500 protesters against police violence shut down part of the Mall of America in Minnesota on Saturday, resulting in about 25 arrests during the final weekend before Christmas as shoppers scrambled to buy gifts at one of the nation's largest shopping centers, officials said. The protest and a smaller action at the King of Prussia Mall in...

  • Last U.S. holiday shopping weekend off to solid start Saturday, 20 Dec 2014 | 3:57 PM ET

    CHICAGO/ NEW YORK, Dec 20- Shoppers filled up malls and department stores on the last weekend before Christmas, as the weather cooperated to help raise the prospect of a solid finish to a holiday season that has so far produced mixed results. Crowds were building at stores in and around New York, Philadelphia, Chicago and Los Angeles by midday on Saturday.

  • Recalls this week: Bean bag chairs, toy monkeys Friday, 19 Dec 2014 | 5:38 PM ET

    DETAILS: Bean bag chairs sold at Burlington Coat Factory, Kroger, Meijer and other retail stores nationwide and online at Amazon, Bean Bag Company, Groupon, Kohls, Target, Toys R Us, Walmart, Wayfair and other online retailers. They were sold between January 2010 and October 2013 for up to $40. FOR MORE: Contact Comfort Research at 844-578-8933 from 9 a.m. to 5 p.m. ET...

  • $500K from grant to fund 500 bikes for Pittsburgh Friday, 19 Dec 2014 | 10:40 AM ET

    Bike Share officials hope to fund the program, set to begin next spring, through charitable foundations, the Pittsburgh Tribune-Review reported Friday. That would make Pittsburgh's program a public service, rather than a money-making venture, which is how similar programs are run in other U.S. cities. We didn't want that, "said Bart Yavorosky, the executive...

  • Pennsylvania jobless rate falls, hiring flattens Friday, 19 Dec 2014 | 10:08 AM ET

    HARRISBURG, Pa.— Pennsylvania's jobless rate has fallen to another post-recession low even as payrolls remain static and below pre-recession levels, according to employment figures released Friday. November's seasonally adjusted unemployment rate in Pennsylvania was 5.1 percent, which is three-tenths of a percentage point lower than the month before,...

  • First Niagara to lay off up to 200 in 4 states Friday, 19 Dec 2014 | 9:36 AM ET

    BUFFALO, N.Y.— First Niagara Financial Group Inc. says it will eliminate up to 200 jobs companywide in a move aimed at better serving customers and boosting competitiveness. The Buffalo- based bank announced Thursday that it will cut 150 to 200 management positions at its operations in New York, Pennsylvania, Massachusetts, and Connecticut.

  • Dec 18- Kraft Foods Group Inc on Thursday said Tony Vernon would retire as chief executive officer later this month, with Chairman John Cahill succeeding him as the company battles sluggish demand for packaged food products in the United States. Kraft shares rose 6.4 percent to close at $63.38, an all-time high since the company was spun off from Mondelez...

  • Dec 18- Billionaire investor Carl Icahn offered $20 million in financing on Thursday to keep the Trump Taj Mahal from becoming the fifth casino to close this year in New Jersey's troubled Atlantic City, was once the only major destination for gamblers on the U.S. East Coast. The Taj, owned by bankrupt Trump Entertainment Resorts Inc., is slated to close on Saturday.

  • Ex-Rite Aid VP charged in $14.6M surplus scheme Thursday, 18 Dec 2014 | 1:47 PM ET

    HARRISBURG, Pa.— A former Rite Aid quality assurance executive in Oregon and a New Jersey businessman have agreed to plead guilty to charges in connection with a nine-year, $14.6 million surplus inventory kickback scheme. Federal prosecutors Thursday charged Timothy Foster and businessman Jay Findling with conspiracy to commit wire fraud and 65- year-old...

  • Dec 18- Kraft Foods Group Inc on Thursday said Tony Vernon would retire as chief executive officer later this month, with Chairman John Cahill succeeding him as the company tries to accelerate its growth. Vernon, who has headed the company since it was spun off from Mondelez International Inc in October 2012, has focused on expanding its reach among growing...

  • Cuomo gets kudos, scorn for New York fracking ban Thursday, 18 Dec 2014 | 10:59 AM ET

    ALBANY, N.Y.— New York Gov. Andrew Cuomo is getting heaped with praise by environmentalists and scorn by business interests for a planned state ban on hydraulic fracturing for natural gas, even as he insists the decision wasn't his. Quinnipiac University Poll's Mickey Carroll said the political impact is likely to be limited and the decision was predictable.

  • NEW YORK, Dec 18- Factory activity in the U.S. mid-Atlantic region grew at a slower pace in December, a survey showed on Thursday. The Philadelphia Federal Reserve Bank said its business activity index fell to 24.5 from 40.8 the month before. The survey covers factories in eastern Pennsylvania, southern New Jersey and Delaware.

  • Manufacturing growth slows in Philadelphia region Thursday, 18 Dec 2014 | 10:32 AM ET

    WASHINGTON— Manufacturing in the Philadelphia region grew at a much slower pace in December compared with the previous month. The Federal Reserve Bank of Philadelphia said Thursday that its index of regional factory activity dropped to 24.5 this month from 40.8 in November. The survey covers manufacturing in Pennsylvania, New Jersey and Delaware.

  • Feds: Uganda-based man counterfeited $2M in cash Thursday, 18 Dec 2014 | 7:47 AM ET

    PITTSBURGH— Federal authorities have charged a man with leading an international counterfeit money operation based in the African nation of Uganda, and shipping bogus bills to the Pittsburgh area and other locations in the United States. Gustafson was arrested Dec. 11 in Uganda and investigators seized sophisticated printers and other equipment...

  • CAMP HILL, Pa.— Shares of Rite Aid soared Thursday after the nation's third-largest drugstore chain reported a 47 percent jump in fiscal third-quarter earnings and hiked its annual forecast after dropping it for two straight quarters. Rite Aid now expects fiscal 2015 earnings of between 31 cents and 37 cents per share on $26.25 billion to $26.4 billion in...

  • ALBANY, N.Y., Dec 17- When Governor Andrew Cuomo announced a ban on fracking in New York on Wednesday, he predicted "a ton of lawsuits" against the state. Six years ago, before the start of a lengthy New York moratorium on hydraulic fracturing of natural gas, the governor might have been right. Chesapeake Energy, once one of the biggest leaseholders in New York, last year...

  • *Gasoline prices post biggest drop since December 2008. The Labor Department said on Wednesday its Consumer Price Index fell 0.3 percent, the largest decline since December 2008, after being flat in October. "Conditions could be in place to raise rates during the first half of next year," said Joel Naroff, chief economist at Naroff Economic Advisors in Holland,...

  • New York to ban fracking; environmentalists cheer Wednesday, 17 Dec 2014 | 12:57 PM ET

    ALBANY, N.Y.— Handing environmentalists a breakthrough victory, New York plans to prohibit fracking for natural gas because of what regulators say are its unexplored health risks and dubious economic benefits. New York, which overlies part of the gas-rich Marcellus Shale formation that has led to a drilling boom in Pennsylvania and other nearby states, has...

  • Scaife children to file next month in trust beef Wednesday, 17 Dec 2014 | 12:39 PM ET

    PITTSBURGH— A judge has given the children of late billionaire newspaper publisher Richard Mellon Scaife until Jan. 16 to file documents in their quest to have trustees detail how money was spent from a $210 million trust their father controlled. Scaife's children, Jennie Scaife, of Palm Beach, Florida, and David Scaife, of Pittsburgh, believe they were entitled...

  • IPOs deliver mixed results in trading Wednesday, 17 Dec 2014 | 12:25 PM ET

    The stock was the biggest gainer on the New York Stock Exchange. The stock is trading under the ticker symbol "ONDK" on the New York Stock Exchange. Meanwhile, shares of Rice Midstream Partners LP, a natural gas gathering spinoff of Rice Energy Inc., fell below their IPO price.