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Philadelphia

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  • TRENTON, N.J.— Born to an electrical engineer, and later a precocious and dashing young man who attained an Ivy League education, John Nash seemed destined for a life of stunning success. He planned to follow in his father's footsteps and studied for three years at the Carnegie Institute of Technology in Pittsburgh— now Carnegie Mellon University— but instead...

  • PHILADELPHIA— Nearly two weeks after a deadly Amtrak derailment in Philadelphia killed eight people and injured more than 200 others, investigators are still trying to piece together what led the train to enter a sharp curve at more than double the 50 mph speed limit. The National Transportation Safety Board has ruled out the locomotive being hit by a bullet...

  • *Core inflation at highest since January 2013. The Labor Department said its Consumer Price Index rose 0.1 percent last month, while the so-called core CPI, which strips out food and energy costs, increased 0.3 percent, the largest gain since January 2013. "There is some conflicting information that is going on inside the marketplace that sort of belies what's...

  • PHILADELPHIA— The chairman of Temple University's physics department schemed to provide U.S. technology secrets to China in exchange for prestigious appointments for himself, federal authorities said in charging him with four counts of wire fraud. Xi Xiaoxing, a naturalized U.S. citizen who was born in China, appeared in federal court Thursday in...

  • U.S. Senate Democrats press for Amtrak funding increase Thursday, 21 May 2015 | 4:44 PM ET

    One day after an Amtrak train derailed on May 12 near Philadelphia, killing eight passengers, the Republican-controlled House Appropriations Committee approved a $1.14 billion Amtrak budget, a $252 million cut from fiscal 2015.. "Philadelphia was preventable and it was predictable," Senator Richard Blumenthal of Connecticut said at a news conference.

  • 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...

  • 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...

  • 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...

  • 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.

  • "The public would never accept an airline operation with a single person in the cockpit," the Brotherhood of Locomotive Engineers and Trainmen said in a statement. Brandon Bostian, 32, was alone in the locomotive of Train 188 when it derailed May 12, about 10 minutes after departing Philadelphia for New York. Amtrak hasn't had a second crew member in the locomotive...

  • NEW YORK, May 18- Wall Street stocks rose on Monday to record highs on hopes the Federal Reserve will hold off raising interest rates, while the dollar rallied and Greek bond yields jumped on worries the nation will not be able to make its debt payments. Oil prices retreated, as supply worries triggered by advances by Islamic State militants in Iraq eased.

  • Urban Outfitters falls as higher costs hit 1Q profit Monday, 18 May 2015 | 4:23 PM ET

    PHILADELPHIA— Shares of Urban Outfitters tumbled in aftermarket trading Monday as the clothing and accessories retailer's first-quarter results were dragged down by higher expenses. Urban Outfitters also spent more on marketing and technology. Shares of Urban Outfitters Inc. lost $6.36, or 15.6 percent, to $34.36 in aftermarket trading.

  • *Altera rallies on Intel M&A report. U.S. homebuilder sentiment fell in May although most builders view market conditions as favorable, the National Association of Home Builders said on Monday. "It's becoming more of the collective thought that the Fed can wait, because you really don't see any blistering growth," said Kurt Brunner, a portfolio manager at...

  • *Altera rallies on Intel M&A report. "It's becoming more of the collective thought that the Fed can wait because you really don't see any blistering growth," said Kurt Brunner, a portfolio manager at Swarthmore Group in Philadelphia. Apple's shares rose 1.39 percent to $130.57 after billionaire investor Carl Icahn said the stock was "still dramatically...

  • Federal investigators say they aren't sure anything struck the windshield of an Amtrak train involved in last week's deadly derailment in Philadelphia. Federal investigators say they're months away from determining the probable cause of a deadly Amtrak train derailment last week in Philadelphia. Amtrak resumed service Monday between Philadelphia and...

  • PHILADELPHIA— Amtrak service resumes between Philadelphia and New York City for first time since derailment.