Top News & Analysis Pennsylvania

  • DETROIT— DTE Energy Co. plans to spend $1.3 billion for natural gas assets in Pennsylvania and West Virginia. The Detroit- based company announced Monday that an agreement calls for DTE to purchase all of Appalachia Gathering System in Pennsylvania and West Virginia and 40 percent of Stonewall Gas Gathering in West Virginia from energy company M3 Midstream.

  • Rice Energy shares slid 4.2 percent to $26 in after market trading after it said it would pay about $1.02 billion in cash, issue about 39.1 mln shares worth about $980 million and assume about $700 million in debt. The deal follows others this month by EOG Resources Inc, which is buying privately-held Yates Petroleum Corp for $2.5 billion, and Enbridge of Canada's...

  • ERIE, Pa.— Federal authorities are suing a Pennsylvania hospital, alleging religious discrimination in the firing of six employees who refused to get flu shots. The lawsuit was filed Thursday in federal court in Erie by the Equal Employment Opportunity Commission against Saint Vincent Hospital, which was founded by the Sisters of St. Joseph of Northwestern...

  • WASHINGTON— Congress is poised to override President Barack Obama's veto of a bill that would allow families of Sept. 11 victims to sue Saudi Arabia for the kingdom's alleged backing of the terrorists who carried out the attacks that killed nearly 3,000 people. The legislation, known as JASTA, gives victims' families the right to sue in U.S. court for any role that...

  • *Only Fitch holds investment grade rating on Turkey. *Some see opportunity given Turkey fundamentals. ISTANBUL/ ANKARA, Sept 26- On the first trading day after Moody's downgraded Turkey's sovereign rating to "junk," the reaction in Istanbul and Ankara was swift and predictable-- stocks and the lira took a beating and policymakers accused the agency of playing...

  • NEW YORK— Chemtura's stock is up more than 17 percent in premarket trading after the specialty chemicals company agreed to a $2.5 billion acquisition offer from Germany's Lanxess. Chemtura shareholders will receive $33.50 per share in cash for each share they own. Lanxess Chairman and CEO Matthias Zachert said that the acquisition diversifies its business...

  • LONDON— Turkish financial markets took a battering Monday after ratings agency Moody's downgraded the country's credit grade to junk status to account for a series of shocks to the economy that included a string of bombings and an attempted coup. The sell-off is largely due to Moody's statement late Friday that it was cutting Turkey's government debt rating...

  • In Pennsylvania and other leading gas-producing states, a battle royal has developed over royalties, with landowners bitterly disputing the sums that some drillers have been taking from royalty checks already severely diminished by a collapse in prices. Chesapeake Energy Corp. alone is facing royalty lawsuits in Texas, Ohio, Louisiana, Oklahoma, Arkansas...

  • ATLANTA— The Centers for Disease Control says a multistate outbreak of E.coli has sickened seven people, sending five to the hospital. They're from Massachusetts, Connecticut, Pennsylvania and West Virginia. The CDC says five people who were interviewed said they'd eaten ground beef in the week before getting sick and that tests conducted in Connecticut on...

  • Tax records show that Harvard University spent $253 million on scholarships in 2013 from its $35 billion endowment. Yale, the No. 2 endowment, spent $77 million of its $24 billion endowment on scholarships, an even smaller share. Meanwhile, Harvard spent more than $1 billion that year on programs and facilities, and earned $4.5 billion in endowment revenue.

  • Attorneys general for 35 states and the District of Columbia filed a complaint in the U.S. District Court for the Eastern District of Pennsylvania, alleging that British drugmaker Indivior and New Jersey's MonoSol Rx conspired to corner the market on Suboxone. The attorneys general say the conduct is illegal "product hopping," where a company makes small...

  • Houston oilfield services company Baker Hughes Inc. said Friday that 418 rigs sought oil and 92 explored for natural gas this week. Among major oil- and gas-producing states, Texas and Oklahoma each gained two rigs and Alaska, California, North Dakota and Pennsylvania each was up one. Arkansas, Colorado, Kansas, Ohio, Utah and Wyoming were unchanged.

  • PHILADELPHIA— Children's Hospital of Philadelphia says the founding family of Comcast has given $25 million toward a new $50 million initiative designed to put the hospital at the forefront of pediatric genetics research and development. The Philadelphia Inquirer reports the hospital made the announcement Friday. This story corrects the headline to...

  • "The market is worried about possible volatility from supply and the presidential debate," said Aaron Kohli, interest rate strategist with BMO Capital Markets in New York. The U.S. Treasury Department will sell $26 billion in two-year notes, $34 billion in five-year debt and $28 billion in seven-year notes next week. With polls suggesting a tightening U.S....

  • CHICAGO, Sept 23- When Mylan NV recruited food allergy bloggers to learn about its campaign to get allergic shock antidotes into schools, many were eager to join the maker of the EpiPens they carry in purses and stash in book bags to protect their children against potentially lethal attacks. During the same period, the company was marking up its EpiPen to more than...

  • SINGAPORE— Autonomous vehicle software startup nuTonomy has made rides on its self-driving taxis available to the general public in Singapore for free, expanding a first-in-the world run that was initially invitation-only. The Singapore trial was limited to a 2.5- square-mile business and residential district called "one north." NuTonomy, a spinoff from...

  • SAN FRANCISCO— Thirty-five states and the District of Columbia filed an antitrust lawsuit Thursday alleging that British drugmaker Indivior tried to keep cheaper, generic versions of Suboxone off the market, California's attorney general announced. The complaint filed in the U.S. District Court for the Eastern District of Pennsylvania also names New...

  • PHILADELPHIA, United States- Federal Reserve Bank of Philadelphia President Patrick Harker, Cleveland Fed President Loretta Mester and Atlanta Fed President Dennis Lockhart participate in "Presidents' Perspectives: The Fed's Role in Our Communities" closing plenary before the "Reinventing Our Communities: Transforming Our Economies" conference hosted...

  • PHILADELPHIA, United States- Federal Reserve Bank of Philadelphia President Patrick Harker, Cleveland Fed President Loretta Mester and Atlanta Fed President Dennis Lockhart participate in "Presidents' Perspectives: The Fed's Role in Our Communities" closing plenary before the "Reinventing Our Communities: Transforming Our Economies" conference hosted...

  • The SEC's complaint, filed in federal district court in Philadelphia, accuses the legendary investor of earning about $4 million in illicit profits from trading in Atlas Pipeline Partners after a corporate insider gave him confidential information about a big divestiture. The SEC has framed its case, as I'll explain, to avoid the question at the Supreme Court.