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Pennsylvania

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  • NJ firm planning gas-fueled power plant in Pa. Thursday, 11 Oct 2012 | 1:44 PM ET

    NEW CASTLE, Pa.-- A New Jersey firm has plans to build a 900 megawatt, $750 million natural gas-fired power plant in western Pennsylvania. LS Power, which has offices in East Brunswick, N.J. and St. Louis says the plant in North Beaver Township, Lawrence County, will be fueled from gas drawn from a pipeline out of Tennessee.

  • Plosser worries US Fed could face losses on assets Thursday, 11 Oct 2012 | 1:32 PM ET

    AVONDALE, Penn., Oct 11- When the U.S. Federal Reserve eventually begins to sell some of the assets it has accumulated over the last few years it risks logging losses if longer-term interest rates are rising, a top central bank official said on Thursday.

  • Tom Hanks to make his Broadway debut next year Thursday, 11 Oct 2012 | 1:31 PM ET

    NEW YORK-- Tom Hanks will play a gutsy New York City newspaper columnist when he makes his debut on Broadway in the spring. Previews begin March 1 at the Broadhurst Theatre and an opening night is set for April 1.

  • AVONDALE, Penn., Oct 11- The Federal Reserve's intention to keep interest rates ultra low for nearly three more years is suggesting to some that the Fed is willing to cut the jobless rate at the expense of higher inflation, putting the central bank's credibility at risk, a top Fed official said on Thursday.

  • Chile's huge open-pit copper mine goes underground Thursday, 11 Oct 2012 | 11:46 AM ET

    CHUQUICAMATA, Chile-- From above, it looks like a colossal amphitheater carved from rock, or the vast crater from a meteorite that crashed into Chile's Atacama desert ages ago.

  • Where have 'Today' show viewers gone? Thursday, 11 Oct 2012 | 11:45 AM ET

    When the stay-at-home mom and her family visited New York from their home in Germantown, Md., they joined the crowd of fans outside the NBC morning show's Rockefeller Center studio.

  • Marcellus driller settles with Pa. land owners Thursday, 11 Oct 2012 | 10:29 AM ET

    DARLINGTON, Pa.-- A natural gas drilling company has settled federal lawsuits by western Pennsylvania landowners who contested the company's drilling leases and were, in turn, countersued by the company for permission to cut down trees sometimes inhabited by a protected bat species so the wells could be drilled.

  • Lawsuit involving pedophile pediatrician settled Thursday, 11 Oct 2012 | 10:27 AM ET

    DOVER, Del.-- Attorneys for the state medical society and a southern Delaware hospital have settled a class-action lawsuit filed on behalf of victims of former pediatrician Earl Bradley, who sexually abused scores of his young patients over more than a decade.

  • Stocks head higher, despite Europe worries Thursday, 11 Oct 2012 | 10:04 AM ET

    NEW YORK-- One piece of good news on jobs was enough Thursday on Wall Street. That one piece of good news was enough to help traders forget about a drumbeat of worrisome developments, like a widening U.S. trade deficit, higher unemployment in Greece and a ratings cut for Spain. `.

  • TX-based co. drills exploratory well in NY shale Thursday, 11 Oct 2012 | 8:59 AM ET

    OWEGO, N.Y.-- A Texas company has begun drilling a vertical well to explore the potential of the Marcellus Shale natural gas formation, joining about a dozen others probing the potentially lucrative rock beneath New York's southern tier. Carizzo Oil& Gas of Houston recently started digging its first well north of the Tioga County village of Owego.

  • RTI plant in Va. begins production Thursday, 11 Oct 2012 | 12:54 AM ET

    MARTINSVILLE, Va.-- Titanium production is under way at RTI International Metals Inc.' s new $135 million plant in Martinsville, Va.. Pittsburgh- based RTI says the plant produced its first certified commercial aerospace titanium product on Thursday.

  • AVONDALE, Penn., Oct 11- The Federal Reserve's stated intention to keep interest rates ultra low for nearly three more years is suggesting to some that the Fed is willing to cut the jobless rate at the expense of higher inflation, putting the central bank's credibility at risk, a top official of the U.S. central bank said on Thursday.

  • US foreclosure filings hit 5-year low in September Thursday, 11 Oct 2012 | 12:14 AM ET

    It was the second-consecutive monthly decline in filings, although there remains a sharp divergence along state lines, according to a report Thursday by foreclosure listing firm RealtyTrac Inc..

  • *SEC action is' first-best' option; FSOC is' second-best'. *Fed official still hopes SEC will adopt money market rules. Fed Governor Daniel Tarullo said it was unfortunate that the SEC, the primary regulator of the $2.6 trillion industry, has so far failed to advance new rules for the market, which since the financial crisis has been viewed as posing a systemic risk.

  • *SEC action is' first-best' option; FSOC is' second-best'. *Fed official still hopes SEC will adopt money market rules. Fed Governor Daniel Tarullo said it was unfortunate that the SEC, the primary regulator of the $2.6 trillion industry, has so far failed to advance new rules for the market, which since the financial crisis has been viewed as posing a systemic risk.

  • DIARY-U.S. Treasuries, Thursday, Oct. 11 Wednesday, 10 Oct 2012 | 5:56 PM ET

    Treasury Secretary Timothy Geithner participates in conversation on the global economy with Zanny Minton-Beddoes at a conference sponsored by the Institute for International Finance conference, Tokyo, midnight.

  • Fed Governor Daniel Tarullo said it was unfortunate that the SEC, the primary regulator of the$ 2.6 trillion i ndustry, has so far failed to advance new rules for the market that since the financial crisis has been seen as posing a systemic risk.

  • Highlights from the Fed's US economic survey Wednesday, 10 Oct 2012 | 4:56 PM ET

    WASHINGTON-- A Federal Reserve survey released Wednesday found that the economy grew modestly in the late summer, bolstered by solid gains in housing. The report is based on anecdotal information from the regional districts and covers the period from mid-August to Sept. 28. The region's economy expanded modestly.

  • Better SEC reforms money markets than FSOC-Fed's Tarullo Wednesday, 10 Oct 2012 | 4:40 PM ET

    Fed Governor Daniel Tarullo said it was unfortunate that the SEC, the primary regulator of the funds, has so far failed to advance new rules for the market that since the financial crisis has been seen as posing a systemic risk.

  • Pa. DEP issues permit for gas-fired power plant Wednesday, 10 Oct 2012 | 3:51 PM ET

    HARRISBURG, Pa.-- The Pennsylvania Department of Environmental Protection has issued a permit for a new electric power plant that will be supplied at least partly with locally produced natural gas from the Marcellus Shale.