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  • Democrats failed in their attempt to amend the legislation to retain the flight service as part of the FAA. The failed Democratic amendment to keep air traffic control within the FAA would have made FAA funding mandatory, protecting it from political squabbles over the budget. It would also have required reforms to ensure adequate controller staffing and the...

  • Bill Shuster, R- Pa., said "transformational" change is needed because the FAA's air traffic modernization program is taking longer and costing more than anticipated. Both sides agree the delays and cost overruns have come partly because Congress has subjected the agency to shutdowns, furloughs and repeated short-term funding extensions.

  • WASHINGTON, Feb 11- The Senate Judiciary Committee's antitrust subcommittee will hear from the top U.S. antitrust bosses next month to discuss a wave of big mergers over the past year, according to a staffer briefed on the hearing. The Justice Department's Bill Baer, the assistant attorney general for the antitrust division, and Edith Ramirez, chairwoman of the...

  • Knoll posts 4Q profit 5 Hours Ago

    EAST GREENVILLE, Pa. _ Knoll Inc. on Thursday reported fourth-quarter net income of $13.4 million. On a per-share basis, the East Greenville, Pennsylvania- based company said it had net income of 28 cents. For the year, the company reported profit of $66 million, or $1.36 per share.

  • RADNOR, Pa. _ Qlik Technologies Inc. on Thursday reported fourth-quarter profit of $22.9 million. Twelve analysts surveyed by Zacks expected $208.5 million. For the current quarter ending in April, Qlik expects its results to range from a loss of 14 cents per share to a loss of 12 cents per share.

  • BRIDGEWATER, N.J.— A company that manufactures gases, including helium for Macy's Thanksgiving Day Parade balloons, is moving its headquarters after getting tax credits to stay in New Jersey. Linde Americas announced Thursday that it will move its headquarters for North and South America to Bridgewater, New Jersey, from about 20 miles away in New Providence.

  • A measure offered by Representative Peter DeFazio, top Democrat on the House Transportation and Infrastructure Committee, sought to protect the Federal Aviation Administration from funding disruptions and to address other issues that Republicans view as reasons for transferring air traffic control from the FAA to a new private, nonprofit corporation.

  • BALA CYNWYD, Pa. _ Entercom Communications Corp. on Thursday reported fourth-quarter net income of $14.1 million. On a per-share basis, the Bala Cynwyd, Pennsylvania- based company said it had profit of 34 cents. Entercom Communications shares have declined 16 percent since the beginning of the year.

  • PITTSBURGH _ GNC Holdings Inc. on Thursday reported fourth-quarter profit of $42.9 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share. Three analysts surveyed by Zacks expected $621.3 million.

  • Mylan to buy Sweden's Meda AB for $7.2 billion Wednesday, 10 Feb 2016 | 4:54 PM ET

    NEW YORK— Drugmaker Mylan says it will buy Meda AB of Sweden for $7.2 billion in cash and stock, and says the move will help it enter new markets. Mylan had $9.45 billion in revenue in 2015 and said Meda's revenue totaled about $2.35 billion. Mylan said the Meda deal will expand its over-the-counter drug business to about $1 billion in annual sales and will bring its...

  • Andrew Cuomo is urging federal regulators to reject KeyCorp's $4.1 billion deal to buy First Niagara Financial Group and create the 13th largest commercial bank in the United States. The New York Democrat says the proposed acquisition of Buffalo- based First Niagara by Cleveland- based KeyCorp would reduce retail banking competition in upstate New York,...

  • NEW YORK, Feb 10- Investors in U.S.-based mutual funds poured $8.1 billion into stock funds in the latest week, marking the biggest inflows since Nov. 2013 on views that recent weakness has made U.S. shares more attractive and overseas stocks remained promising. Investors committed $2.3 billion to funds that specialize in U.S. shares in the week ended Feb. 3,...

  • The same conservatives who forced John Boehner out as speaker are making life difficult for Ryan, signaling they'll refuse to vote for an upcoming GOP budget plan that endorses the higher spending numbers from last year. The Wisconsin Republican has built a congressional career as the Republican Party's budget savant, but Ryan is perhaps in his career's most...

  • Feb 10- Wall Street was on track to snap a three-day losing run on Wednesday after comments by Federal Reserve Chair Janet Yellen eased investor concerns about the capacity of the economy to absorb a gradual rise in interest rates. Yellen acknowledged that tightening financial conditions and uncertainty about China posed risks to the U.S. economy, but told...

  • NEW YORK, Feb 10- Stock indexes worldwide rebounded on Wednesday after concerns eased about the banking sector and Federal Reserve Chair Janet Yellen said the U.S. central bank has plenty of flexibility to adjust monetary policy if needed. Yellen's testimony to Congress boosted sentiment. "What Yellen said has been taken positively," said Richard Sichel, chief...

  • Mayor shows love to skateboarders, lifts ban in Love Park Wednesday, 10 Feb 2016 | 10:18 AM ET

    PHILADELPHIA— Philadelphia's Love Park, and its namesake Robert Indiana statue, are gearing up for some sprucing up. Kathryn Ott Lovell, the city's parks and recreation commissioner, says the iconic LOVE statue will be moved across the street to City Hall's Dilworth Plaza in the next few weeks. The new Love Park will have more green space, a new fountain and a food...

  • MIDLAND, Pa.— Allegheny Technologies Inc. and the United Steelworkers planned contract talks to end a lockout of 2,200 workers. The Pittsburgh- based steelmaker has locked out workers at 12 plants in Pennsylvania and five other states. The company has since idled nearly 260 union and salaried workers by idling its plant in Midland, Beaver County, and plans to do...

  • Aramark meets 1Q profit forecasts Wednesday, 10 Feb 2016 | 7:39 AM ET

    PHILADELPHIA _ Aramark Holdings Corp. on Wednesday reported fiscal first-quarter earnings of $93.3 million. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 50 cents per share. Three analysts surveyed by Zacks expected $3.7 billion.

  • Axalta Coating Systems misses Street 4Q forecasts Wednesday, 10 Feb 2016 | 6:45 AM ET

    PHILADELPHIA _ Axalta Coating Systems Ltd. on Wednesday reported fourth-quarter net income of $38.6 million, after reporting a loss in the same period a year earlier. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share. Axalta Coating Systems shares have fallen 18 percent since the beginning of...

  • Utah becomes latest place to debate ending tax on tampons Wednesday, 10 Feb 2016 | 4:28 AM ET

    SALT LAKE CITY— International debate over whether tampons and other feminine hygiene products should be tax-free has made its way to conservative Utah, where a bill is set to be heard by a committee made up of only men. But the Utah proposal to repeal the tax could face a steep challenge, as some worry the move will put a dent in state revenue streams.