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Top News & Analysis Pennsylvania

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  • NEW YORK— Verizon and unions representing workers in nine states said employees will work without a contract as more negotiations are scheduled. Marc Reed, Verizon's chief administrative officer, said the company is "disappointed" it was unable to reach an agreement with the unions despite "six weeks of good faith bargaining and a very strong effort by the...

  • Aug 1- Thousands of Verizon Communications Inc workers on the U.S. East Coast could strike on Sunday with no sign of an agreement as contract negotiations with unions went to the wire, a union spokeswoman said on Saturday. Verizon spokesman Rich Young said: "At this point, we remain committed to continuing to negotiate in good faith with our unions."

  • The Canadian researchers who created hitchBOT as a social experiment told The Associated Press that someone in Philadelphia damaged the robot beyond repair early Saturday, ending its first American tour after about two weeks. The kid-size robot set out to travel cross-country after successfully hitchhiking across Canada in 26 days last year and parts of...

  • PHILADELPHIA— The manufacturer of the jet that crashed on takeoff in Massachusetts last year, killing the co-owner of The Philadelphia Inquirer and six other people, has reported a problem with a fail-safe system that can allow the planes to reach high speeds on the runway even if they are prevented from taking off. Gulfstream Aerospace Corp. said in a document...

  • OLYMPIA, Wash— The price of gas may be going down nationally, but Washington drivers— already paying above the national average— may see even higher prices at the pump following Saturday's 7- cent- per-gallon increase in the state's gas tax. With state gas taxes now up to 44.5 cents a gallon, adding in the current federal gas tax of 18.4 cents, the total per gallon gas...

  • Verizon strike possible as contract deadline looms Friday, 31 Jul 2015 | 5:56 PM ET

    WASHINGTON— Verizon workers in nine states could walk off the job as soon as early Sunday if union negotiators don't reach an agreement over benefits with the wireless carrier. Last week the Communication Workers of America announced that 86 percent of Verizon workers covered by the contract voted to strike in a recent poll, if a new agreement isn't reached.

  • Prudential Bancorp posts 3Q profit Friday, 31 Jul 2015 | 5:12 PM ET

    PHILADELPHIA _ Prudential Bancorp Inc. on Friday reported earnings of $47,000 in its fiscal third quarter. Prudential Bancorp shares have risen 18 percent since the beginning of the year. Keywords: Prudential Bancorp, Earnings Report.

  • First Keystone posts 2Q profit Friday, 31 Jul 2015 | 4:12 PM ET

    BERWICK, Pa. _ First Keystone Corp. on Friday reported second-quarter profit of $2.4 million. First Keystone shares have declined almost 3 percent since the beginning of the year. Keywords: First Keystone, Earnings Report.

  • PHILADELPHIA— The husband of a technology executive killed when a speeding Amtrak train derailed in Philadelphia has sued the railroad for wrongful death. Rachel Jacobs was one of eight people killed May 12 when the train entered a sharp curve at more than twice the 50 mph speed limit. The 39- year-old mother of a 2- year-old son was in the first passenger car,...

  • HARRISBURG, Pa.— A former Pennsylvania hospital employee has been indicted on charges he performed flawed genetic tests on 124 late-stage cancer patients and then lied about it. Federal prosecutors in Harrisburg said Friday that 60- year-old Floyd Benko, of Palmyra, has been charged with health care fraud and making false statements. Court documents say Benko...

  • US oil and natural gas rig count down 2 to 874 Friday, 31 Jul 2015 | 2:21 PM ET

    HOUSTON— Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by two this week to 874.. Among major oil- and gas-producing states, New Mexico gained three rigs, Louisiana gained two and North Dakota, Ohio, Texas and Wyoming each gained one. Kansas lost four rigs, Utah declined by three, Alaska and...

  • WTO rules against China in specialty steel dispute Friday, 31 Jul 2015 | 12:48 PM ET

    WASHINGTON— The World Trade Organization says China broke global trade rules by failing to comply with an earlier WTO ruling and continuing to impose duties on specialty steel imports. The case dates back to 2010 when China imposed duties on a high-tech specialty steel used in power plants. Despite the ruling, China reintroduced duties on the steel in 2013. The...

  • GENEVA, July 31- China failed to comply with a World Trade Organization ruling that found its tariffs on a type of speciality steel products breached global trade rules, a WTO panel said in a ruling on Friday. The ruling noted, however, that China had stopped applying the tariffs in April, while the WTO hearings were going on, more than four and a half years after the...

  • Shenandoah Telecom posts 2Q profit Friday, 31 Jul 2015 | 7:09 AM ET

    EDINBURG, Va. _ Shenandoah Telecommunications Co. on Friday reported second-quarter earnings of $10.5 million. The telecommunications service provider in parts of Maryland, Pennsylvania, Virginia and West Virginia posted revenue of $85.7 million in the period. Shenandoah Telecom shares have climbed 2 percent since the beginning of the year.

  • Quaker Chemical beats 2Q profit forecasts Thursday, 30 Jul 2015 | 7:57 PM ET

    CONSHOHOCKEN, Pa. _ Quaker Chemical Corp. on Thursday reported second-quarter profit of $15 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share. Quaker Chemical shares have decreased 13 percent since the beginning of the year.

  • Erie Indemnity posts 2Q profit Thursday, 30 Jul 2015 | 7:51 PM ET

    ERIE, Pa. _ Erie Indemnity Co. on Thursday reported second-quarter profit of $56 million. Erie Indemnity shares have declined 10 percent since the beginning of the year. Keywords: Erie Indemnity, Earnings Report.

  • Globus Medical meets 2Q profit forecasts Thursday, 30 Jul 2015 | 7:18 PM ET

    AUDUBON, Pa. _ Globus Medical Inc. on Thursday reported second-quarter profit of $24.1 million. Globus Medical expects full-year earnings to be $1.04 per share, with revenue expected to be $524 million. Globus Medical shares have increased 17 percent since the beginning of the year.

  • *Facebook, Whole Foods fall after results. *Expedia, Amgen jump in extended trade. Procter& Gamble, Facebook and Whole Foods Market all fell after quarterly reports that left investors wanting more.

  • HFF posts 2Q profit Thursday, 30 Jul 2015 | 5:33 PM ET

    PITTSBURGH _ HFF Inc. on Thursday reported second-quarter profit of $21.2 million. The Pittsburgh- based company said it had profit of 55 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Universal Health Services posts 2Q profit Thursday, 30 Jul 2015 | 5:33 PM ET

    KING OF PRUSSIA, Pa. _ Universal Health Services Inc. on Thursday reported second-quarter profit of $182.2 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.65 per share. Universal Health Services shares have risen 27 percent since the beginning of the year.