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Top News & Analysis Pennsylvania

  • PITTSBURGH _ Koppers Holdings Inc. on Thursday reported fourth-quarter net income of $6.4 million, after reporting a loss in the same period a year earlier. The Pittsburgh- based company said it had net income of 30 cents per share. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share.

  • PHILADELPHIA— Philadelphia Mayor Jim Kenney says the city's soda tax raised $5.7 million in January, more than double what city officials had projected. Kenney's announcement says the city projected the tax, which took effect last month, would generate about $2.3 million in January. The city has projected the tax will raise about $91 million this year and that...

  • WAYNE, Pa. _ Teleflex Inc. on Thursday reported fourth-quarter earnings of $61.1 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.08 per share. Teleflex expects full-year earnings in the range of $8 to $8.15 per share.

  • UNIVERSITY PARK, Pa.— Penn State graduate student assistants are seeking union representation. CGEPSU claims Penn State makes these decisions without any student input. A representative from Penn State issued a statement saying the school's graduate assistants are "students first".

  • PEORIA, Ill.— Peoria Mayor Jim Ardis planned to open this year's State of the City speech by thanking Caterpillar Inc. for its longtime commitment to the central Illinois town, declaring "We wouldn't be Peoria without Caterpillar." It's been that way for decades in Peoria and in other company towns across the United States. Caterpillar's recent decision to move...

  • CANONSBURG, Pa. _ Ansys Inc. on Wednesday reported fourth-quarter earnings of $70 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 96 cents per share. Six analysts surveyed by Zacks expected $267.5 million.

  • BRYN MAWR, Pa. _ Aqua America Inc. on Wednesday reported fourth-quarter earnings of $49.6 million. Aqua America expects full-year earnings to be $1.34 to $1.39 per share. Aqua America shares have risen slightly more than 1 percent since the beginning of the year.

  • PHILADELPHIA _ Chemtura Corp. on Wednesday reported fourth-quarter profit of $22 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share. Chemtura shares have dropped slightly since the beginning of the year.

  • HARRISBURG, Pa. _ Hersha Hospitality Trust on Wednesday reported a key measure of profitability in its fourth quarter. The average estimate of eight analysts surveyed by Zacks Investment Research was for funds from operations of 53 cents per share. Six analysts surveyed by Zacks expected $116.3 million.

  • BERWYN, Pa. _ Trinseo SA on Wednesday reported fourth-quarter profit of $78.5 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.32 per share. For the current quarter ending in April, Trinseo expects its per-share earnings to range from $2.19 to $2.37.

  • CANONSBURG, Pa. _ Rice Energy Inc. on Wednesday reported a loss of $169.9 million in its fourth quarter. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share. Rice Energy shares have fallen 8.5 percent since the beginning of the year.

  • MALVERN, Pa. _ BioTelemetry Inc. on Wednesday reported fourth-quarter profit of $40.4 million. The Malvern, Pennsylvania- based company said it had profit of $1.30 per share. BioTelemetry shares have risen 12 percent since the beginning of the year.

  • Feb 22- A judge has crushed the hopes of a group of investors in Ultra Petroleum Inc, a bankrupt natural gas company, who had sought to collect a $300 million windfall because a clerk entered a court order on the wrong date. Bankruptcy Judge Marvin Isgur approved on Feb. 13 the disclosures for Ultra's plan to emerge from Chapter 11, although his order was not put on the...

  • The incident Monday at New York's Kennedy Airport is being investigated by the Transportation Security Administration, the agency that was created to protect the nation's airports after the 2001 attacks. "Mistakes happen, but they're supposed to be there to protect our lives," said Kylie Welsh, who returned to Boston from a trip to Pittsburgh on Wednesday.

  • Gatta, 41, an investment professional who worked at various private equity firms including Basso Capital Management and Pegasus Capital Advisors, will replace CEO Phil Rinaldi, who is retiring in March. Rinaldi has been CEO of the privately held company since 2010, when Carlyle Group and Sunoco formed a joint venture to rescue the Philadelphia refinery, the...

  • PHILADELPHIA ENERGY SOLUTIONS NAMES ITS CHIEF OPERATING OFFICER GREGORY GATTA AS NEXT CEO.

  • Jeff Brown, who owns six local ShopRite supermarkets, told The Philadelphia Inquirer he expects to cut 300 jobs. Bob Brockway, chief operating officer of Canada Dry Delaware Valley, has predicted a 20 percent workforce reduction by March. Mayor Jim Kenney pushed through the 1.5 cent- per-ounce tax on sweetened and diet beverages to pay for nearly 2,000...

  • An improving job market and attractive mortgage rates has continued to fuel demand for housing in the United States, where homebuilders have also seen a bump in consumer sentiment post-election. "The pent-up demand of the past seven years may be starting to release, bringing more buyers into the market, especially in the move-up segment, where rising home...

  • "It has been hard for us to keep up, with lots of folks running backup for each other," says Brandon Dudley, vice president of the Chicago- based company that arranges bus charters for events ranging from nights on the town to long-distance trips. In its latest report, the U.S. Centers for Disease Control and Prevention said 35 states had moderate to high levels of flu...

  • COLMAR, Pa. _ Dorman Products Inc. on Wednesday reported fourth-quarter net income of $28.7 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 77 cents per share. Dorman Products shares have declined 1 percent since the beginning of the year.