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Pennsylvania

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  • Susquehanna posts 4Q profit Wednesday, 21 Jan 2015 | 5:18 PM ET

    LITITZ, Pa. _ Susquehanna Bancshares Inc. on Wednesday reported fourth-quarter net income of $30.3 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share. Analysts expected $180.7 million, according to Zacks.

  • Orrstown posts 4Q profit Wednesday, 21 Jan 2015 | 4:39 PM ET

    SHIPPENSBURG, Pa. _ Orrstown Financial Services Inc. on Wednesday reported fourth-quarter profit of $19.1 million. The Shippensburg, Pennsylvania- based bank said it had earnings of $2.36 per share. The holding company for Orrstown Bank posted revenue of $13.1 million in the period.

  • WASHINGTON, Jan 21- The U.S. Supreme Court on Wednesday ruled that a former air marshal can seek whistleblower protections for disclosing sensitive information to the news media about the absence of security officers on certain flights. On a 7-2 vote, the court rejected the arguments made by President Barack Obama's administration, which was seeking to...

  • Developer has plans to preserve Westinghouse atom smasher Wednesday, 21 Jan 2015 | 10:30 AM ET

    FOREST HILLS, Pennsylvania— A developer has knocked over the Westinghouse atom smasher east of Pittsburgh but plans to preserve the structure no matter what happens to the property it was on. The brick building at the base of the five-story, lightbulb-shaped atom smasher was in too much disrepair to save, said property owner Gary Silversmith of Washington, D.C..

  • Garlock, a unit of EnPro Industries, filed for bankruptcy in 2010 in Charlotte, North Carolina, in the face of the mounting cost of asbestos lawsuits. Golini allegedly told Philadelphia- based Shein he was exposed to 14 asbestos products made by bankrupt companies including Owens Corning and Armstrong World Industries. After Garlock settled with Golini, Shein...

  • Fulton Financial meets 4Q profit forecasts Tuesday, 20 Jan 2015 | 5:07 PM ET

    LANCASTER, Pa. _ Fulton Financial Corp. on Tuesday reported fourth-quarter profit of $37.9 million. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of 21 cents per share. Fulton Financial shares have fallen nearly 7 percent since the beginning of the year.

  • PHILADELPHIA— A longtime union boss was convicted Tuesday in a sweeping racketeering case of overseeing violence, vandalism and intimidation to get construction jobs for his members. Joseph Dougherty, 73, told Ironworkers Local 401 members they were at "war" with nonunion competitors, especially as construction jobs dried up after the Great Recession.

  • *Wall Street rallies for second straight session. NEW YORK, Jan 20- Equities rose worldwide on Tuesday, with Wall Street reversing early losses and the dollar climbing 1 percent against the Japanese yen, as diminishing global growth prospects bolstered hopes for central bank stimulus. Crude oil prices fell nearly 2 percent after the International Monetary...

  • *FXCM plummets, details loan agreement. NEW YORK, Jan 20- U.S. stocks dipped on Tuesday after the International Monetary Fund reduced its growth forecasts for 2015 and 2016, but the outlook also boosted hopes central banks would take more aggressive policy moves to spark economic improvement. "It looks like the Fed is super happy to pass that torch to the next...

  • Jan 20- A former Toronto stockbroker failed to persuade a U.S. appeals court in Philadelphia to overturn his fraud conviction and 25- year prison sentence for causing more than $55 million of losses in an international stocks scam. A federal jury in February 2010 convicted Georgiou, now 45, of securities fraud, wire fraud and conspiracy over trades in Avicena...

  • PITTSBURGH— Ralph Martin, the chief executive of the company that publishes the Pittsburgh Tribune-Review, has resigned to become CEO of Civitas Media. Besides the Tribune-Review, the company publishes six other dailies and more than 20 weekly newspapers across western Pennsylvania. Martin said he considered making a change following the death July 4 of...

  • Allegheny Technologies tops 4Q profit forecasts Tuesday, 20 Jan 2015 | 7:39 AM ET

    PITTSBURGH _ Allegheny Technologies Inc. on Tuesday reported fourth-quarter profit decreased by 87 percent to $22.1 million. Analysts expected $1.13 billion, according to Zacks. Allegheny Technologies shares have fallen 19 percent since the beginning of the year, while the Standard& Poor's 500 index has decreased nearly 2 percent.

  • IGate misses 4Q profit forecasts Tuesday, 20 Jan 2015 | 6:42 AM ET

    PITTSBURGH _ IGate Corp. on Tuesday reported fourth-quarter earnings more than doubled to $38 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 54 cents per share. Analysts expected $330.6 million, according to Zacks.

  • PORTLAND, Maine— A federal judge has denied a labor union's attempt to block the sale of a shuttered Bucksport, Maine, paper mill to a Canadian scrap metal recycler. U.S. District Court Judge John Woodcock issued his decision in Bangor on Tuesday. The union filed an antitrust lawsuit seeking to restrain Verso Paper Corp. from selling the mill to AIM Development LLC...

  • HARRISBURG, Pa.— Democrat Tom Wolf took office Tuesday as Pennsylvania's 47th chief executive, portraying himself as a political outsider while appealing for cooperation in a divided state government plagued by budget deficits and partisan stalemate. "I may be the first governor of Pennsylvania who ever operated a forklift, ever managed a hardware store.

  • Wolf names picks for education, labor and industry Monday, 19 Jan 2015 | 1:46 PM ET

    HARRISBURG, Pa.— Gov.-elect Tom Wolf has named Lancaster school Superintendent Pedro Rivera as his choice for secretary of the Department of Education and former state lawmaker Kathy Manderino to become secretary of the Department of Labor and Industry. Ed Rendell also tapped a head of the Lancaster district, Vicky Phillips, as his first pick to head the...

  • After Alliance ends, who will promote Atlantic City? Monday, 19 Jan 2015 | 11:10 AM ET

    ATLANTIC CITY, N.J.— Abolishing the Atlantic City Alliance, the marketing arm of the casinos that urged people to "Do AC" and staged big, free public events to promote the resort city, is a key element of state plans to help the city recover from its financial crisis. But if legislation proposed by two Democratic state senators— one of them a former Atlantic City mayor—...

  • Months after he landed in Florida's Manatee County Jail, Jovon Frazier's pleas for treatment of the intense pain that radiated from his left shoulder to his elbow were met mostly with Tylenol. Frazier, then 18, wrote the second time he asked for care, in August 2009. That company, Corizon Health Inc., is under growing pressure around the country after losing five...

  • WASHINGTON— Republicans running Congress have promised to use every weapon in their arsenal to take down President Barack Obama's health care law. It's the only filibuster-proof option available to Republicans, who control the Senate with 54 seats but must still muster 60 votes to pass other legislation. Ted Cruz, R- Texas, told a Heritage Foundation gathering...

  • POTTSVILLE, Pa.— Yuengling bills its Pottsville, Pennsylvania, brewery as the oldest in the nation, but its beer won't be served at Democrat Gov.-elect Tom Wolf's inaugural celebration. Mike Vereb told The Philadelphia Inquirer he doesn't think it's an accident that Yuengling was left off the list of beers being served at Tuesday night's party.