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Top News & Analysis Pennsylvania

  • NAVAL AIR STATION SIGONELLA, Sicily— The Latest on President Donald Trump's visit to Europe:. And in the heart of Europe, Trump berated NATO allies over their financial commitments— and wouldn't explicitly endorse the longstanding NATO defense doctrine. President Donald Trump is back in the Washington area after a nine-day trip to the Middle East and Europe.

  • *VIENNA- Austrian National Bank Governor Ewald Nowotny to speak at a macro-economics conference. BRUSSELS- ECB President Mario Draghi speaks at the European Parliament in Brussels. VIENNA- Austrian National Bank Governor Ewald Nowotnty to speak on a panel about Marshall plan- 1600 GMT.

  • *VIENNA- Austrian National Bank Governor Ewald Nowotny to speak at a macro-economics conference. BRUSSELS- ECB President Mario Draghi speaks at the European Parliament in Brussels. VIENNA- Austrian National Bank Governor Ewald Nowotnty to speak on a panel about Marshall plan- 1600 GMT.

  • HOUSTON— The number of rigs exploring for oil and natural gas in the U.S. rose by seven this week to 908.. Colorado added five rigs while Alaska, New Mexico, North Dakota and Oklahoma each gained one. Arkansas, California, Kansas, Louisiana, Ohio, Pennsylvania, Utah, West Virginia and Wyoming were all unchanged.

  • NEW YORK, May 26- "Sell in May and go away" is perhaps the oldest saw on Wall Street, but it appears there's no shortage of U.S. mutual funds doing exactly that this year. American fund investors have yanked more than $17 billion from U.S. stocks so far this month, data from fund tracker Lipper shows, with some $10.1 billion in withdrawals in the latest week alone, the second...

  • WASHINGTON— The president's chief economic adviser is casting doubt on the future of U.S. coal, saying it "doesn't really make that much sense anymore as a feedstock," directly contradicting President Donald Trump's repeated promises to revive the struggling coal industry. Joe Manchin, D- W.Va., a longtime coal advocate, said he was taken aback by Cohn's remarks,...

  • WASHINGTON, May 26- The U.S. economy slowed less than initially thought in the first quarter, but softening business investment and moderate consumer spending are clouding expectations of a sharp acceleration in the second quarter. Gross domestic product increased at a 1.2 percent annual rate instead of the 0.7 percent pace reported last month, the Commerce...

  • *Currently runs $142 bln on behalf of Europe clients. Sean Hagerty, head of Vanguard Europe, told Reuters that the money it manages in Europe, which is currently $142 billion, would grow strongly. "The growth rate in Europe has been somewhere close to 30 percent.

  • FRIDAY, MAY 26 MONTREUX, Switzerland- ECB Board Member Benoit Ceure participates in 24th Reunion of the Governors des Banques Centrales des Pays Francophones Organized by the Swiss National Bank- 2000 GMT. TOKYO- Bank of Japan Governor Haruhiko Kuroda speaks at the 2017 Spring Annual Meeting of the Japan Society of Monetary Economics. BRUSSELS- ECB President...

  • FRIDAY, MAY 26 MONTREUX, Switzerland- ECB Board Member Benoit Ceure participates in 24th Reunion of the Governors des Banques Centrales des Pays Francophones Organized by the Swiss National Bank- 2000 GMT. TOKYO- Bank of Japan Governor Haruhiko Kuroda speaks at the 2017 Spring Annual Meeting of the Japan Society of Monetary Economics. BRUSSELS- ECB President...

  • Alabama: Grayson Hall, Regions Financial Corp., $8 million. Arizona: Richard C. Adkerson, Freeport-McMoRan Inc., $14 million. Arkansas: Doug McMillon, Wal-Mart Stores Inc., $22.4 million.

  • HARRISBURG, Pa.— Nathan Singletary is beyond the traditional retirement age, but he's only just beginning a new career— helping other low-income, unemployed Americans over age 55 find jobs. This week, he proposed deleting the $434 million program from the federal budget— a strike at a piece of President Lyndon Johnson's "war on poverty." "That would mean a great deal of...

  • TOKYO- Federal Reserve Bank of St. Louis President James Bullard gives presentation on the U.S. economy and monetary policy at Keio University- 0200 GMT. WASHINGTON- Federal Reserve Board Governor Lael Brainard speaks on "Global Economic Issues" before panel at the "Voices of Experience: A Conversation with Former Treasury Under Secretaries for International...

  • TOKYO- Federal Reserve Bank of St. Louis President James Bullard gives presentation on the U.S. economy and monetary policy at Keio University- 0200 GMT. WASHINGTON- Federal Reserve Board Governor Lael Brainard speaks on "Global Economic Issues" before panel at the "Voices of Experience: A Conversation with Former Treasury Under Secretaries for International...

  • TRENTON, N.J.— Johnson& Johnson has reached a $33 million settlement with 42 states, resolving allegations the health care giant sold nonprescription medicines that didn't meet federal quality requirements. The case dates to 2009, when Johnson& Johnson began dozens of voluntary recalls of popular over-the-counter medicines for children and adults,...

  • WASHINGTON, May 24- U.S. home resales fell from a more than 10- year high in April, weighed down by a chronic shortage of houses on the market that is keeping prices elevated and sidelining prospective buyers. "The biggest problem with the housing market is a dearth of inventory, which is keeping sales down and prices up," said Joel Naroff, chief economist at Naroff...

  • NEW YORK— Clinton Smith hires veterans because he knows military service has helped them become dedicated and hard-working staffers. "When you say,' I need you to do this right now,' they get it done and get it done well," says Smith, a former Marine who is CEO of Government& Civil Employee Services, a financial planning company in the western Pennsylvania borough of...

  • BERWYN, Pa. _ Triumph Group Inc. on Wednesday reported a loss of $126.8 million in its fiscal fourth quarter. Triumph Group expects full-year revenue in the range of $3.1 billion to $3.2 billion. Triumph Group shares have dropped 8.5 percent since the beginning of the year.

  • WASHINGTON— President Donald Trump's proposal to slash food stamps by a third will be a hard sell in Congress, even as Republicans have tried repeatedly to scale back the program's $70 billion annual cost. Known as the Supplemental Nutrition Assistance Program, or SNAP, the program now serves 44 million people and cost $70 billion last year.

  • **LONDON- European Central Bank to publish Financial Stability Report- 2100 GMT. MADRID- European Central Bank President Mario Draghi speaks at First Conference on Financial Stability- 1345 GMT. TORONTO- Federal Reserve Bank of Dallas President Robert Kaplan participates in a moderated question-and-answer session before the C.D.