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  • *Weekly jobless claims rise 10,000. *Four-week average of claims at new 15- year low. WASHINGTON, May 21- The U.S. economy was on a modest growth path early in the second quarter with home resales falling in April and manufacturing activity on the backfoot in May, although the labor market continued to tighten.

  • WASHINGTON, May 21- Two U.S. Louisiana Senator David Vitter withdrew a proposed amendment to the financial regulatory bill that aimed to end "too big to fail" by requiring certain mega banks to face new 10 percent capital levels. Pennsylvania's Pat Toomey withdrew another proposed change that would have repealed a major provision of the Dodd-Frank Wall Street...

  • Amtrak says the system will be ready by year's end throughout the Northeast Corridor, which stretches from Boston to Washington, with the exception of some track owned by commuter railroads in New York. Democrats want Congress to give Amtrak the entire $2 billion in subsidies the railroad requested for the budget year that starts Oct. 1. They say GOP lawmakers...

  • Manufacturing in Philly area grew at a slower pace in May Thursday, 21 May 2015 | 10:19 AM ET

    WASHINGTON— Manufacturing growth in the Philadelphia region slowed a bit in May, one of several recent signs the U.S. economy is barely improving after an anemic start to the year. The Federal Reserve Bank of Philadelphia said Thursday that its index of factory activity slipped to 6.7 in May from 7.5 the previous month. The survey covers manufacturing in eastern...

  • PITTSBURGH— The cookies may be smiling, but the restaurants are not. A Pennsylvania chain says in a lawsuit that the smiley face cookies made by a Chicago- based baker are "confusingly similar" to its own trademarked treats. Homestead-based Eat'n Park seeks to block additional cookie sales by Chicago American Sweet& Snacks Inc..

  • Bon-Ton reports 1Q loss Thursday, 21 May 2015 | 7:27 AM ET

    YORK, Pa. _ The Bon-Ton Stores Inc. on Thursday reported a loss of $34.1 million in its fiscal first quarter. Bon-Ton expects a full-year loss of 25 cents per share. Bon-Ton shares have decreased 11 percent since the beginning of the year.

  • NEW YORK, May 20- The dollar rose and U.S. The minutes, released ahead of a much anticipated speech on Friday by Fed Chair Janet Yellen, showed that many officials at the April 28-29 meeting believed it would be premature to raise rates in June. "They didn't give much tangible evidence that they were going to do anything different than what the market was already...

  • *Minutes in line with interest rate expectations. May 20- U.S. stocks ended marginally lower on Wednesday after Wall Street saw little in the minutes from last month's Federal Reserve meeting to alter expectations of when the central bank will raise interest rates. "They didn't give much tangible evidence that they were going to do anything different than what...

  • Ohio Attorney General Mike DeWine announced the pact that Equifax, Experian and TransUnion struck with attorneys general in 31 states. "I am pleased that our agreement brings about reforms that will provide for more effective dealings and better communication between consumers and the credit reporting agencies," said Alabama Attorney General Luther...

  • Brandon Bostian's phone records show calls were made, text messages were sent and data was used the day of the crash, the National Transportation Safety Board said, but it remains unclear if the phone was used while the train was in motion. Investigators are looking into why the train from Washington to New York City was going double the 50 mph limit around a sharp...

  • May 20- U.S. stocks remained near flat on Wednesday as Wall Street saw little in the minutes from last month's Federal Reserve meeting to change expectations of when the central bank will raise interest rates. "The comments were fairly innocuous," said Mark Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia. At 2:15 p.m., the Dow...

  • US STOCKS-U.S. stocks tread water as Fed minutes loom Wednesday, 20 May 2015 | 1:07 PM ET

    *Fed minutes expected at 2:00 p.m. ET. *Southwest Airlines leads fall in airline stocks. *Yahoo bounces back from sharp selloff on Tuesday.

  • WASHINGTON— If there was one thing most economists agreed on at the start of the year, it was this: Plunging oil prices would boost the U.S. economy. At $2.71 a gallon, the average price of gas nationwide is nearly $1 lower than it was a year ago. Consider what Federal Reserve Chair Janet Yellen said in December: Lower gas prices, Yellen declared, are "certainly good for...

  • US STOCKS-Wall St muted before Fed minutes Wednesday, 20 May 2015 | 11:42 AM ET

    *Fed minutes expected at 2:00 p.m. ET. *Southwest Airlines leads fall in airline stocks. *Yahoo bounces back from sharp selloff on Tuesday.

  • American Eagle beats Street 1Q forecasts Wednesday, 20 May 2015 | 8:09 AM ET

    PITTSBURGH— American Eagle Outfitters Inc. on Wednesday reported fiscal first-quarter net income of $29.1 million. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share. Twelve analysts surveyed by Zacks expected $688.6 million.

  • UPPER ALLEN, Pa.— Voters in some Pennsylvania towns have approved the sale of alcohol. The question also won approval in Bellevue and Wilkinsburg, which have banned alcohol sales since 1935.. Windsor Township and Antrim Township voters approved alcohol sales.

  • The current authorization to spend money from the federal Highway Trust Fund, which finances most aid to states, expires May 31. A Senate vote is expected later this week. Unable to find a politically acceptable solution, Congress has kept the trust fund teetering on the edge of insolvency since 2008. The extension passed by the House would expire July 31, when...

  • CSS Industries reports 4Q loss Tuesday, 19 May 2015 | 4:33 PM ET

    PHILADELPHIA _ CSS Industries Inc. on Tuesday reported a loss of $1.3 million in its fiscal fourth quarter. The Philadelphia- based company said it had a loss of 14 cents per share. CSS Industries shares have increased slightly since the beginning of the year.

  • WASHINGTON, May 19- General Electric Co would lose a $350- million deal to build locomotives for Angola, and perhaps billions of dollars more in future export opportunities, if Congress closes the U.S. Export-Import Bank, a senior GE executive told Reuters. GE, along with other major U.S. exporters including Boeing Co and business groups like the U.S. Chamber of...

  • President of $3.3 billion Templeton Foundation dies Tuesday, 19 May 2015 | 2:47 PM ET

    BRYN MAWR, Pa.— John M. Templeton, president and chairman of the $3.34 billion John Templeton Foundation, has died. He became president and CEO following the 2008 death of his father, Sir John Templeton, who created the Templeton Fund in 1954 and established the foundation in 1987.. Templeton is survived by his wife, Pina, who retired from Children's Hospital in 1999,...