Richard Mellon Scaife, the grand-nephew of Andrew Mellon, has died.» Read More
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.
*Intel climbs on earnings, outlook. *Time Warner rebuffs $80 bln bid from 21st Century Fox. Time Warner shares jumped 16.4 percent to $82.63 as the best performer on the S&P 500 after Twenty-First Century Fox confirmed it made an $80 billion takeover offer for the company that was turned down.
PITTSBURGH— The head of Pennsylvania's Department of Health said Wednesday that its experts are responding to health complaints related to natural gas drilling, but there is no quick and easy way to answer questions about the issue.
In a series of three letters dated July 15 and seen by Reuters, Democratic Senators Bob Menendez of New Jersey and Mark Warner of Virginia and Republicans Pat Toomey of Pennsylvania and Mike Crapo of Idaho said the Treasury needs to issue quickly guidance because it will help inform both the public and the SEC.
*Intel climbs on earnings, outlook. *Time Warner rebuffs $80 bln bid from 21st Century Fox. Time Warner shares jumped 18.1 percent to $83.87 as the biggest boost to the S&P 500 after Twenty-First Century Fox confirmed it made an $80 billion takeover offer for the company that was turned down.
BOSTON, July 16- The head of Harvard University's endowment said on Wednesday she does not regret the Ivy League school's relatively low 11 percent allocation to publicly traded U.S. stocks during the stock market's long bull run. Harvard has long pioneered investments in alternative assets, including private equity and other less liquid instruments.
Officials at the company, UIL Holdings Corp., "have decided to continue our efforts to pursue this acquisition and become a new business partner in the city of Philadelphia," James Torgerson, president and CEO of New Haven, Connecticut- based UIL, said in a statement.
WASHINGTON— Harsher storms, worsening flooding and rising seas threaten the public's safety and health across the country, President Barack Obama warned Wednesday as he urged local communities to prepare for the effects of climate change.
But with a steady supply of locally grown food from the Common Market food hub, Jefferson now serves vegetables like bok choy and asparagus, creamy yogurts from Amish country and omelets with locally sourced cage-free eggs and spinach.
The annual Adirondack Woodsmen's School is being held this summer amid the tall pines and placid waters of Paul Smith's College. I had to come, "said the incoming Paul Smith's freshman from Riverside, Connecticut.
WASHINGTON, July 15- The U.S. House of Representatives on Tuesday overwhelmingly passed a $10.9 billion extension of U.S. transportation funding through May 2015, a measure aimed at averting cutbacks in August in federal money for road, bridge and transit projects.
*JPMorgan, Goldman shares rally after earnings. NEW YORK, July 15- U.S. stocks pulled back on Tuesday after Federal Reserve Chair Janet Yellen and her fellow Fed policymakers raised concerns about "substantially stretched valuations" in some sectors. Facebook shares tumbled 1.1 percent to $67.17.
PHILADELPHIA— Cable and Internet giant Comcast is apologizing after a tech-savvy California customer posted eight minutes of telephone conversation online in which he tried repeatedly to get a customer service representative to disconnect his service.
HERSHEY, Pa.— Candy maker Hershey Co. says its 2014 profit will be around the low end of its earlier forecast, and it is raising prices as costs rise. The company said that it expects earnings, excluding one-time items, of $4.05 to $4.13 per share, at the low end of its previous forecast.
*JPMorgan, Goldman rally after results, boosting Dow. *Germany's ZEW sentiment reading at lowest level since January 2013. JPMorgan Chase& Co and Goldman Sachs outperformed after reporting strong results.
*JPMorgan, Goldman shares rally after earnings. NEW YORK, July 15- U.S. stocks fell on Tuesday after Federal Reserve Chair Janet Yellen and her fellow Fed policymakers raised concerns about "substantially stretched valuations" in some sectors.
NEW YORK, July 15- U.S. stocks slipped on Tuesday, with riskier equities hit hardest after the Federal Reserve, in an unusual statement, singled out the valuation of social media and biotechnology shares as "substantially stretched." Wall Street equities were supported by bank stocks like JPMorgan Chase& Co, which outperformed following strong results.
The unusual comments from the Fed's monetary policy report- the first time in 14 years that the Fed has commented specifically on valuation of a particular equity sector- that accompanied Fed Chair Janet Yellen's semi-annual testimony to Congress, hit stocks in riskier sectors of the market.
WASHINGTON, July 15- The U.S. economic recovery remains incomplete, with a still-ailing job market and stagnant wages justifying loose monetary policy for the foreseeable future, Federal Reserve Chair Janet Yellen told a Senate committee on Tuesday.