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Top News & Analysis Pennsylvania

  • Severe thunderstorms and possible travel delays are likely later on Wednesday in New York City, Washington, Philadelphia and Boston, AccuWeather meteorologists said. "Severe thunderstorms will continue to spread across the Ohio and Tennessee Valley regions into the Middle Atlantic states, possibly into southern New England by midafternoon," the National...

  • WASHINGTON— A key Republican congressman says President Donald Trump's $1 trillion infrastructure plan will likely include private projects like pipelines that don't involve federal aid but which have been hindered by a lack of government permits or regulations. Bill Shuster, chairman of the House Transportation and Infrastructure Committee, said he...

  • PHILADELPHIA— Pepsi says slumping sales from Philadelphia's new sweetened-beverage tax are prompting layoffs of 80 to 100 workers at three distribution plants that serve the city. The company sent out notices Wednesday saying layoffs will occur at plants in north and south Philadelphia and in Wilmington, Delaware, The Philadelphia Inquirer reported.

  • Autoneum North America Inc. said the data included 2016 W-2 salary and tax information as well as the current and former workers' names, addresses and Social Security numbers. Company spokeswoman Anahid Rickmann said it has been working with the FBI and IRS to investigate the breach and has offered its employees identity repair and credit monitoring...

  • NEW YORK— Melons going splat in slow motion. In more than a hundred videos he's posted on YouTube, Tom Nardone takes aim at racks of ribs, laptop computers and tires to illustrate what a bulletproof vest can do. Nardone, owner of Troy, Michigan- based PriveCo, began making the videos in 2013, less than a year after he began selling the vests.

  • PITTSBURGH _ American Eagle Outfitters Inc. on Wednesday reported fiscal fourth-quarter profit of $54.6 million. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share. Nine analysts surveyed by Zacks expected $1.11 billion.

  • TOKYO, March 1- Toshiba Corp has asked a Japanese law firm to help estimate the potential financial impact if it decides its U.S. nuclear unit Westinghouse should file for Chapter 11 protection from creditors, sources with knowledge of the matter said. Analysts and sources with knowledge of the matter have previously said that even under a Chapter 11 filing,...

  • KING OF PRUSSIA, Pa. _ Universal Health Realty Income Trust on Wednesday reported a key measure of profitability in its fourth quarter. The real estate investment trust, based in King Of Prussia, Pennsylvania, said it had funds from operations of $10.9 million, or 80 cents per share, in the period. The company said it had net income of $4.4 million, or 33 cents per share.

  • NEW YORK— Hershey says it expects to cut its global workforce by about 15 percent, with the reductions coming mostly from hourly employees outside the United States. Hershey, which gets the majority of its revenue from North America, attributed the lowered expectations to "changes in U.S. shopping habits" and challenges overseas. During a meeting with analysts in...

  • ALLENTOWN, Pa. _ CrossAmerica Partners LP on Tuesday reported fourth-quarter earnings of $2.3 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share. CrossAmerica shares have risen slightly more than 5 percent since the beginning of the year.

  • CONSHOHOCKEN, Pa. _ Quaker Chemical Corp. on Tuesday reported fourth-quarter earnings of $17.4 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.17 per share. Quaker Chemical shares have increased roughly 3 percent since the beginning of the year.

  • STATE COLLEGE, Pa. _ Eclipse Resources Corp. on Tuesday reported a loss of $63.3 million in its fourth quarter. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share. Five analysts surveyed by Zacks expected $76.4 million.

  • KING OF PRUSSIA, Pa. _ Universal Health Services Inc. on Tuesday reported fourth-quarter earnings of $174.2 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.79 per share. Universal Health Services expects full-year earnings in the range of $7.70 to $8.20 per share, with revenue in the range of $10.62...

  • *Target to cut prices, launch brands, spend on stores and online. *2017 profit forecast well below analyst estimates. NEW YORK, Feb 28- Target Corp said on Tuesday it will rely more on low prices to compete with rivals like Wal-Mart and Amazon, admitted many of its stores needed freshening up, and told Wall Street its sales and profit estimates for 2017 are too high.

  • *Target to cut prices, launch brands, spend on stores and online. *2017 profit forecast well below analyst estimates. NEW YORK, Feb 28- Target Corp said on Tuesday it will rely more on low prices to compete with rivals like Wal-Mart and Amazon, admitted many of its stores needed freshening up, and told Wall Street its sales and profit estimates for 2017 are too high.

  • ORLANDO, Fla.— Comcast NBCUniversal is paying $2.3 billion to buy out its partners to take full ownership of Universal Studios Japan. The company is building a theme park in Beijing and licenses a theme park in Singapore. Comcast NBCUniversal is a division of Philadelphia- based Comcast Corp..

  • Although its e-commerce operation is growing, Target reported its third straight quarter of lower sales from existing stores, citing "unexpected softness" and raising new questions about the health of large retailers in the United States. Target also forecast first-quarter profit short of Wall Street estimates. Shares sank 12.1 percent to $58.83, on track...

  • Although its e-commerce operation is growing, Target reported its third straight quarter of lower sales from existing stores, citing "unexpected softness" and raising new questions about the health of large retailers in the United States. Target also forecast first-quarter profit short of Wall Street estimates. Shares sank 12 percent to $58.84, on track for...

  • Always losing your reading glasses? An eye implant that takes about 10 minutes to put in place is the newest in a list of surgical repairs for the blurry close-up vision that is a bane of middle age. Shilpa Rose, a Washington ophthalmologist who tests whether patients' eyes are healthy enough to qualify.

  • PHILADELPHIA— Philadelphia Gas Works is seeking its first rate increase since 2009, saying the utility's revenue has taken a hit from warmer weather and more efficiency energy use. PGW on Monday asked the Pennsylvania Public Utility Commission to approve a $70 million rate increase that would cost the typical residential customer $10.59 more a month.