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Pennsylvania

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  • Kennametal reports 2Q loss Thursday, 29 Jan 2015 | 10:00 AM ET

    LATROBE, Pa. _ Kennametal Inc. on Thursday reported a fiscal second-quarter loss of $388.3 million, after reporting a profit in the same period a year earlier. Kennametal expects full-year earnings in the range of $1.90 to $2.10 per share. Kennametal shares have dropped 20 percent since the beginning of the year.

  • Penn National Gaming reports 4Q loss Thursday, 29 Jan 2015 | 9:48 AM ET

    WYOMISSING, Pa. _ Penn National Gaming Inc. on Thursday reported a loss of $250.4 million in its fourth quarter. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share. Penn National Gaming shares have risen 14 percent since the beginning of the year.

  • HARRISBURG, Pa.— Fulfilling a campaign pledge, Gov. Tom Wolf on Thursday signed an order Thursday banning new drilling leases on public land, ending a short-lived effort by his Republican predecessor to expand the extraction of natural gas from rock buried deep beneath state parks and forests. The new Democratic governor signed the executive order before a...

  • Mohegan Sun casinos report 1Q rise in revenue, profit Thursday, 29 Jan 2015 | 9:01 AM ET

    HARTFORD, Conn.— The Mohegan Sun casinos, threatened by increasing competition and battered by the worst recession in decades and consumers reluctant to spend money in a weak recovery, delivered some good news Thursday as it reported increases in first-quarter revenue and profit. Revenue rose at the Mohegan Tribal Gaming Authority, the parent company of the...

  • STATE COLLEGE, Pa.— A new task force report recommends Penn State changes how the university handles sexual misconduct, suggesting it devote an office with an investigator and other staff to those cases. Damon Sims, the vice president for student affairs who chaired the group, said its primary recommendation was that Penn State "coordinate all the many...

  • Hershey shares fall after weak outlook Thursday, 29 Jan 2015 | 8:18 AM ET

    HERSHEY, Pa.— Hershey said Thursday that its fourth-quarter net income fell 8.8 percent as more shoppers bought meat snacks and baked treats instead of its chocolate, candy and mints. The Hershey, Pennsylvania- based company said it hopes to appeal to consumer's changing tastes by buying jerky maker Krave Pure Foods Inc. Hershey did not disclose how much it was...

  • Wesco International misses 4Q profit forecasts Thursday, 29 Jan 2015 | 7:00 AM ET

    PITTSBURGH _ Wesco International Inc. on Thursday reported fourth-quarter profit of $74.5 million. Wesco International expects full-year earnings to be $5.50 to $5.90 per share. Wesco International shares have dropped 13 percent since the beginning of the year.

  • Air Products posts 1Q profit, eliminates 500 jobs Thursday, 29 Jan 2015 | 6:18 AM ET

    ALLENTOWN, Pa.— ALLENTOWN, Pa.— Air Products and Chemicals Inc. on Thursday reported fiscal first-quarter earnings of $324.6 million. Analysts expected $2.68 billion, according to Zacks. For the current quarter ending in March, Air Products and Chemicals expects its per-share earnings to range from $1.50 to $1.55.

  • Obama to seek to bust US spending limits by $74 billion Thursday, 29 Jan 2015 | 6:01 AM ET

    WASHINGTON— Declaring an end to "mindless austerity," President Barack Obama called for a surge in government spending Thursday, and asked Congress to throw out the sweeping spending cuts both parties agreed to four years ago when deficits were spiraling out of control. "If Congress rejects my plan and refuses to undo these arbitrary cuts, it will threaten our...

  • WASHINGTON, Jan 29- President Barack Obama's budget will call for an increase in domestic and military spending that would end spending caps known as "sequestration," a White House official said, setting up a new source of conflict with Republicans in Congress. The fiscal 2016 budget, which the White House intends to unveil on Monday, would fund a host of programs...

  • Triumph Group reports 3Q loss Wednesday, 28 Jan 2015 | 7:51 PM ET

    BERWYN, Pa. _ Triumph Group Inc. on Wednesday reported a fiscal third-quarter loss of $39.8 million, after reporting a profit in the same period a year earlier. For the current quarter ending in March, Triumph Group expects its per-share earnings to be $1.70. Triumph Group shares have dropped 8 percent since the beginning of the year.

  • Fox Chase Bancorp posts 4Q profit Wednesday, 28 Jan 2015 | 6:18 PM ET

    HATBORO, Pa. _ Fox Chase Bancorp Inc. on Wednesday reported fourth-quarter net income of $2.1 million. Fox Chase Bancorp shares have declined 2.5 percent since the beginning of the year. Keywords: Fox Chase Bancorp, Earnings Report.

  • TriState posts 4Q profit Wednesday, 28 Jan 2015 | 6:16 PM ET

    PITTSBURGH _ TriState Capital Holdings Inc. on Wednesday reported fourth-quarter net income of $5.1 million. The Pittsburgh- based bank said it had earnings of 18 cents per share. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of 18 cents per share.

  • NEW YORK, Jan 28- A federal judge on Wednesday said U.S. investors may pursue a nationwide antitrust lawsuit accusing 12 major banks of rigging prices in the $5.3 trillion- a-day foreign exchange market. The bank defendants include Bank of America Corp, Barclays Plc, BNP Paribas SA, Citigroup Inc, Credit Suisse Group AG, Deutsche Bank AG, Goldman Sachs Group Inc, HSBC...

  • LAS VEGAS— Macau couldn't bring the Las Vegas Sands' spirits down. "The new Macau is a little different than the old Macau, but still a wonderful Macau," said Robert Goldstein, Las Vegas Sands president and chief operating officer during the call. Las Vegas Sands reported higher fourth-quarter net income of $721.3 million and annual profit of $2.84 billion.

  • The suburban Philadelphia- based chain says Wednesday it's contracting with a Middle East food executive to open 46 stores in the next decade in Turkey, Egypt, Saudi Arabia and five other Arab nations. Rita's contractor Faysal Younes, who formerly worked with Starbucks, says the Middle East's warm climate makes it a natural market for Rita's sweet, frozen...

  • Univest posts 4Q profit Wednesday, 28 Jan 2015 | 1:51 PM ET

    SOUDERTON, Pa. _ Univest Corp. of Pennsylvania on Wednesday reported fourth-quarter net income of $5.2 million. The bank, based in Souderton, Pennsylvania, said it had earnings of 32 cents per share. The holding company for Univest Bank and Trust Co. posted revenue of $30 million in the period.

  • WASHINGTON— In a rare show of bipartisanship over President Barack Obama's health care law, a Senate committee voted unanimously Wednesday to exclude veterans from the 50- worker threshold that triggers required coverage for employees under that statute. Yet senators' comments suggested that party-line battling over many aspects of the statute— and other...

  • Dorney Park owner challenging worker safety violations Wednesday, 28 Jan 2015 | 11:07 AM ET

    The Easton Express-Times reports Wednesday that Cedar Fair Entertainment wants an independent federal commission to review the citations issued last month on Dorney Park& Wildwater Kingdom. The Occupational Safety and Health Administration proposed a $7,000 fine for the Allentown park's alleged failure to protect outdoor and concession stand...

  • As gas prices fell below $3 a gallon, Kristen Harris went back to delivering her desserts to Chicago- area neighborhoods she had abandoned. "We definitely want to saturate the Chicago market," says Harris, whose Homewood, Illinois, based Pizzazzed Plus makes cookies, cake pops and other treats. Between 2011 and 2013, gas averaged around $3.50 a gallon nationally—...