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  • NEW YORK, March 6- U.S. stocks retreated on Friday, with the S&P 500 index poised for its second straight weekly drop, after a strong monthly jobs report fueled expectations for an interest rate hike by the Federal Reserve this year. "There's speculation we're going to see an increase in rates earlier than anticipated," Jim Herrick, director of equity trading at R.W.

  • HARRISBURG, Pa.— Pennsylvania's beer distributors received the go-ahead Friday to sell brew by the 12- pack. "This is the biggest thing to happen to beer since 1933," when Prohibition ended, said Pittsburgh distributor Frank Pistella, a vice president of the Pennsylvania Malt Beverage Distributors Association whose business was involved in seeking the legal...

  • *Feb U.S. payrolls growth tops expectations. NEW YORK, March 6- U.S. stocks retreated on Friday, with the S&P 500 index poised for its second straight weekly drop, as a strong monthly jobs report fueled expectations for an interest rate hike by the Federal Reserve this year, possibly sooner than anticipated. But relatively light volume on Friday suggested a...

  • *Apple to replace AT&T in Dow Industrials. NEW YORK, March 6- U.S. stocks fell on Friday, with the S&P 500 on track for a second week of declines, as a strong monthly jobs report heightened expectations the U.S. So this much stronger-than-expected number could push that date up, "said Tracie McMillion, head of asset allocation at Wells Fargo Investment Institute in...

  • MIAMI— Mixed signals from the Supreme Court have states on edge about the future of health insurance subsidies for millions of Americans. The case sets up an intriguing political backdrop for states like Florida and Texas, both led by Republican governors staunchly opposed to the law. Florida has more people on the health care plan than any other state and most...

  • Airlines canceling large number of flights for Thursday Wednesday, 4 Mar 2015 | 7:04 PM ET

    The patience of thousands of airline travelers will be tested again Thursday by a winter storm stretching from Texas to southern New England. Airlines canceled more than 1,800 U.S. flights scheduled for Thursday after scrubbing nearly 1,700 through early evening on Wednesday, according to tracking service FlightAware.com. The airports likely to be hit...

  • CDI reports 4Q loss Tuesday, 3 Mar 2015 | 6:48 PM ET

    PHILADELPHIA _ CDI Corp. on Tuesday reported a fourth-quarter loss of $8.8 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Philadelphia- based company said it had a loss of 45 cents. For the year, the company reported profit of $3.1 million, or 16 cents per share.

  • *Actavis launches $21 bln bond deal. *Exxon Mobil to sell $7 bln in debt. Pharmaceutical company Actavis Plc launched a $21 billion corporate bond deal, the second-largest on record according to Thomson Reuters unit IFR.

  • Tests conducted last month by the Federal Aviation Administration show that rechargeable batteries, also called lithium-ion batteries, consistently emit explosive gases when they overheat or short-circuit, The Associated Press has learned. In the recent tests, as well as other FAA tests last year, the buildup of gases— primarily hydrogen— led to fierce...

  • PHILADELPHIA— Authorities in Philadelphia have charged a federal immigration agent accused of stealing from a prisoner he was assigned to transport, the city's district attorney said Tuesday. Immigration and Customs Enforcement Agent Justin Ford was arrested last week after he was caught in a sting allegedly taking $200 from an undercover Philadelphia...

  • WASHINGTON— Citing safety concerns, United Airlines on Monday became the second major U.S. airline to announce it will no longer accept bulk shipments of rechargeable batteries of the kind that power everything from smartphones to laptops to power tools. Delta Air Lines quiet stopped accepting bulk shipments of the rechargeable batteries, also called...

  • *Nasdaq passes 5,000 as Wall Street extends winning streak. Wall Street kicked off March on a high note after a stellar February, when the benchmark S&P 500 Index registered its best monthly gain since October 2011. This bull market still has some room to go, "said Jason Pride, director of investment strategy at Glenmede in Philadelphia.

  • March 2- The Philadelphia branch of the Federal Reserve on Monday named Patrick Harker, head of the University of Delaware, as its president and newest U.S. monetary policymaker. Harker, 56, begins July 1 and succeeds Charles Plosser, who retired on Sunday. A relatively unknown name on the national economic scene, Harker currently sits as a director on the...

  • NEW YORK, Feb 27- The S&P 500 posted its best monthly gain since October 2011 on Friday, but U.S. stocks ended lower for the day as U.S. economic growth slowed more sharply than initially thought in the fourth quarter. The S&P 500 gained 5.5 percent for the month, while the Nasdaq rose 7.1 percent, its best monthly performance since January 2012. That maybe set a tone for...

  • PHILADELPHIA— Internet activists took an aerial jab at Comcast to celebrate new government rules affecting the Philadelphia- based corporation. A plane towed a banner past company headquarters that said, " Comcast: Don't Mess With the Internet." The Federal Communications Commission voted Thursday to impose strict regulations on Internet service providers...

  • NEW YORK, Feb 27- U.S. stocks edged down late in Friday's session on the last trading day of February, led by technology stocks, but oil prices rebounded for their first monthly gain since June. European shares broke multi-year records ahead of the European Central Bank's planned moves to stimulate growth. The Nasdaq was the weakest of the three major U.S. indexes,...

  • NEW YORK, Feb 27- U.S. stocks dipped Friday afternoon as data showed U.S. economic growth slowed more sharply than initially thought in the fourth quarter, though the Dow and S&P 500 were on track for their best monthly performance since October 2011. "That maybe set a tone for the market that wasn't wildly ebullient," said Mark Luschini, chief investment strategist...

  • In an event at the AARP office in downtown Philadelphia, Wolf told about 30 people that his upcoming 2015-16 state budget plan would expand home- and community-based long-term care for an additional 5,500 people. The state plans to increase the Department of Human Services' budget by $32 million and add about $7 million to the Department of Aging, Wolf said.

  • NEW YORK, Feb 27- Wall Street stocks fell slightly on the last trading day of February as weak U.S. growth data made investors cautious, while European shares broke multi-year records ahead of the European Central Bank's injection next month of 60 billion euros to spur growth. On Wall Street, the Dow Jones industrial average was down 35.93 points, or 0.20 percent, at...

  • *J.C. Penney tumbles after earnings. NEW YORK, Feb 27- U.S. stocks were little changed on Friday, as a mixed batch of economic data provided investors with little incentive to push equities to new records. I would argue it is still on solid footing, it is just we are in a bit of an ebb and the market is kind of ebbing with it a little bit, "said Bill Stone, chief investment...