Home builders are increasingly targeting the wealthy as the housing market remains tepid, The New York Times reports.» Read More
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.
WASHINGTON-- Manufacturing in the Philadelphia region expanded in October following five months of declines, a positive sign for a U.S. manufacturing sector which had been weakening for much of the year. The better-than-expected reading from the Philadelphia survey followed a positive report on national manufacturing conditions.
On Tuesday, the NHL made its strongest, and most public, pitch yet to save a full season. "I hope we can get going ASAP," Red Wings defenseman Niklas Kronwall told The Associated Press on Wednesday. " Fehr met with the union to formulate a response, and in a letter to players and agents said the management plan would cost his members more than $1.6 billion over six years.
That's a sign layoffs are increasing, but the Labor Department said that there were technical reasons behind rise, such as delayed figures from California. The Federal Reserve Bank of Philadelphia says that manufacturing in the Philadelphia region expanded in October after five months of declines.
In between its founding and its near-death, the company now called Citigroup has played a central role in U.S. financial history. On Tuesday, Corbat was named Citi's new CEO after the abrupt departure of Vikram Pandit, who had led the company through the financial crisis and its aftermath.
New Cleveland Browns owner Jimmy Haslam III said Tuesday that Holmgren was out as team president, although the Super Bowl-winning coach will remain with the franchise to help in the transition. Haslam was introduced as the Browns' new boss after the 32 NFL owners unanimously approved his $1 billion purchase of the team from Randy Lerner.
LANCASTER, Pa.-- Turkey Hill Dairy of Lancaster County, Pa. has announced a voluntary recall of about 1,200 cartons of Mint Chocolate Chip All Natural Ice Cream because it contains coconut that's not listed on the label.
PHILADELPHIA-- Pennsylvania gambling regulators say gross revenue from table games was up 15.4 percent last month compared to the same period a year ago. The Pennsylvania Gaming Control Board reported Monday that the state's 11 casinos generated $59.3 million in gross revenue from table games last month.
WILLIAMSBURG, Va.-- With the economy showing some signs of improvement three weeks before Election Day, President Barack Obama on Monday laid down a full embrace of the economic record many Republicans say is his biggest weakness.