President Barack Obama will propose an increase in spending and domestic spending in his 2016 fiscal year budget.» Read More
Oct 26- U.S. electric companies from Maine to Florida were bracing for heavy wind, rain and flooding that could take down power lines and threaten to close some East Coast nuclear plants early next week when Hurricane Sandy comes ashore.
NEW YORK, Oct 26- U.S. stocks edged lower on Friday, as investors fretted about Apple's weaker-than-expected results- the latest in a string of lackluster earnings- and signs that economic growth is still not strong enough to make a significant reduction in unemployment. Apple's stock lost 1.4 percent to $601.18.
The offers cover passengers flying in or out of just about any airport from Latin America to New Hampshire. The airlines have only canceled a handful of flights so far, nearly all of them in and out of Florida and the Caribbean. Hurricane Sandy killed at least 20 people in the Caribbean, and left Bahamas this afternoon.
*Wall St hit by earnings; Apple shares off more than 2 pct. Although data showed a pick-up in U.S. economic growth in the third quarter, gloomy earnings and outlook statements from major global companies such as Apple and Amazon, South Korea's Samsung and Renault and Ericsson in Europe corroded hopes of a recovery in the global economy.
*Dow off 0.3 pct, S&P 500 off 0.5 pct, Nasdaq off 0.6 pct. NEW YORK, Oct 26- U.S. stocks fell on Friday, as investors fretted about Apple's weaker-than-expected results- the latest in a string of lackluster earnings- and signs that economic growth is still not strong enough to make a significant reduction in unemployment.
TRENTON, N.J.-- One of the New Jersey's largest utility companies says residents should expect power outages of a week or more once the effects of Hurricane Sandy hit the state. A spokesman for Jersey Central Power and Light told a news conference Friday that people should take precautions now but prepare for the worst.
NEW YORK-- The CEO of Comcast, the country's largest cable company, has expressed his condolences to the family of employee Kevin Krim, after two of his children were stabbed to death Thursday. On a Friday conference call about Comcast's quarterly finances, CEO Brian Roberts said the company "will do everything we can to support the family in their awful time."
HARRISBURG, Pa.-- Utilities, road crews, and emergency management personnel throughout Pennsylvania are girding for a potentially damaging storm early next week.
PHILADELPHIA-- Cable giant Comcast Corp., the nation's largest provider of TV and high-speed Internet services, more than doubled its net income in the third quarter, helped by fewer cancelations of video service than expected and by breaking even on the expensive-to-produce London Olympics.
PHILADELPHIA-- The U.S. Environmental Protection Agency said Sunoco Inc. is paying a $117,000 fine to settle alleged violations of hazardous waste storage regulations at one of its former plants in northeast Philadelphia. The EPA said it cited Sunoco for violating a federal law governing the storage and disposal of hazardous waste.
Here is a summary of earnings reports from United Continental Holdings Corp., Delta Air Lines Inc., US Airways Group Inc., AMR Corp., parent of American Airlines, and Southwest Airlines Co.. United Continental's profit shrunk to $6 million from $653 million a year ago.
*SAN FRANCISCO FED PRESIDENT JOHN WILLIAMS, Oct. 15 ``In no way has our commitment to price stability wavered.''.
FLYING HIGH: Delta Air Lines reported a billion-dollar third-quarter profit and said demand is holding up well. GAINING ALTITUDE: The results come as Delta aims to pull ahead of struggling U.S. rivals.
Delta Air Lines reported a billion-dollar third-quarter profit and said demand is holding up well. The world's second-largest airline posted net income of $1.05 billion, or $1.23 per share, compared with $549 million, or 65 cents, a year earlier. And Southwest is still integrating AirTran _ 17 months after buying the company.
PHILADELPHIA-- Pennsylvania's gambling board on Wednesday reminded developers there are three weeks before the Nov. 15 deadline to submit applications for Philadelphia's second casino license.
MONTCLAIR, N.J.-- Across New Jersey, most communities approached about hosting one of the state's first legal medical marijuana dispensaries in out-of-the-way industrial zones have just said no, after outpourings of public opposition.
PHILADELPHIA-- A man who drove an SUV onto an airport runway, forcing a passenger jet to abort its landing, was sentenced Wednesday to 16 months in prison and must pay $92,000 in restitution. Kenneth Mazik, 25, of Chadds Ford, crashed through a gate on March 1 and led police on a runway chase at speeds topping 100 mph.
DETROIT-- Arts groups in Detroit will share nearly $20 million donated by the John S. and James L. Knight Foundation, including $9 million to be awarded through a communitywide contest to boost the city's best arts ideas, the foundation announced Tuesday.
In areas such as mortgages, voter identification and immigration enforcement, the presidential candidates differ over how to use laws that guarantee equality and how far the Justice Department's civil rights division, which exerts strong influence on issues of race and ethnicity, should go to ensure all Americans are treated fairly.
GROWING AGAIN: Manufacturing in the Philadelphia region expanded in October following five months of declines. THE DETAILS: The Federal Reserve Bank of Philadelphia reported Thursday that its index of regional manufacturing activity had a reading of 5.7 in October following a -1.9 reading in September. The gain took the Philadelphia index.