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Top News & Analysis Pennsylvania

  • EXTON, Pa. _ Omega Flex Inc. on Thursday reported first-quarter profit of $4.1 million. Omega Flex shares have dropped 12 percent since the beginning of the year. Keywords: Omega Flex, Earnings Report.

  • PHILADELPHIA _ Republic First Bancorp Inc. on Thursday reported first-quarter net income of $1.8 million. The bank, based in Philadelphia, said it had earnings of 3 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • WASHINGTON, April 20- President Donald Trump moved on Thursday against China and other exporters of cheap steel into the U.S. market, launching a federal investigation to determine whether foreign-made steel threatens U.S. steelmakers and national security. China is the largest national producer and makes far more steel than it consumes.

  • Commerce Secretary Wilbur Ross cast the decision to initiate the probe as a response to Chinese exports of steel into the United States reaching the point where they now have 26 percent of the market. The unusual step of launching an investigation comes as Trump is pressuring China to do more to rein in an increasingly belligerent North Korea.

  • Chris Christie is taking a victory lap in Atlantic City, saying his hard-fought takeover of the struggling gambling resort is starting to pay off with projects like a new university campus and a major casino investment. But the national head of the NAACP and local officials of the civil rights organization are wary of the state's intentions and are...

  • WASHINGTON— President Donald Trump directed his administration Thursday to expedite a just-launched investigation into whether steel imports are jeopardizing U.S. national security, saying, "This is not an area where we can afford to become dependent on other countries." American-made steel once accounted for roughly 20 percent of global production, but...

  • April 20- Motorcycle maker Harley-Davidson Inc said on Thursday it will lay off 118 workers at its York, Pennsylvania, plant and shift employment to Kansas City, Missouri. The company said it told employees in November 2015 of plans to shift production of Harley-Davidson Cruisers from the Pennsylvania plant to Kansas City starting in the 2018 model year.

  • BRYN MAWR, Pa. _ Bryn Mawr Bank Corp. on Thursday reported first-quarter profit of $9 million. Bryn Mawr Bank shares have dropped nearly 6 percent since the beginning of the year. Keywords: Bryn Mawr Bank, Earnings Report.

  • NEW YORK— It only took a few drinks— and a much-younger Iqram Magdon-Ismail forgetting his wallet at home one night— for him and his friends to come up with one of the most popular ways of splitting a bill: Venmo. The first one was at a bar in Philadelphia where my friend was playing with his band. And Kortina and I, the other co-founder of Venmo, were wondering about ways to...

  • INDIANA, Pa. _ S&T Bancorp Inc. on Thursday reported first-quarter net income of $18.2 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 53 cents per share. S&T Bancorp shares have fallen 12 percent since the beginning of the year.

  • PITTSBURGH _ PPG Industries Inc. on Thursday reported first-quarter earnings of $334 million. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.31 per share. PPG Industries shares have increased 11 percent since the beginning of the year, while the Standard& Poor's 500 index has risen slightly more than 4...

  • NEW YORK— The minimum price for a pack of cigarettes would rise to $13 in New York City under a proposal backed by Mayor Bill de Blasio. An estimated 900,000 New York City residents currently smoke. Mary T. Bassett, the city's health commissioner, who appeared with the mayor at offices of the American Heart Association.

  • Investors pushed the company shares- the worst performer year-to-date on the Philadelphia semiconductor index- up 2.4 percent to $53.85 in after-market trading on Wednesday. San Diego- based Qualcomm also warned that it was unclear whether Apple's contract manufacturers would underpay royalties owed in the third quarter, leading to the wider-than-usual...

  • PHILADELPHIA _ Crown Holdings Inc. on Wednesday reported first-quarter net income of $107 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 70 cents per share. Six analysts surveyed by Zacks expected $1.89 billion.

  • Qualcomm forecast current-quarter adjusted profit of $0.90- $1.15 per share and revenue of $5.3 billion- $6.1 billion. Analysts on average were expecting a profit of $1.09 per share and revenue of $5.94 billion, according to Thomson Reuters I/B/E/S. Revenue fell 9.6 pct to $5.02 billion in the second quarter ended March 26.

  • RADNOR, Pa. _ Brandywine Realty Trust on Wednesday reported a key measure of profitability in its first quarter, after reporting a loss in the same period a year earlier. The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of 32 cents per share. Brandywine Realty Trust expects full-year funds from operations...

  • OAKS, Pa. _ SEI Investments Co. on Wednesday reported first-quarter net income of $88.7 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share. Three analysts surveyed by Zacks expected $363.8 million.

  • BOSTON, April 19- Pfizer Inc has received grand jury subpoenas from the U.S. Justice Department in connection with an antitrust investigation focusing on drugmakers that market intravenous saline solutions. The U.S. Food and Drug Administration in January 2014 added the solutions to its drug shortage list, at the time saying the shortage had been triggered by...

  • EASTON, Pa.— A Pennsylvania judge has awarded $6.5 million to five families who lost money in what authorities called a Ponzi scheme. Northampton County Judge Michael Koury's verdict Tuesday ended a civil court battle stemming from the collapse of the Blue Mountain Consumer Discount Co. loan agency, which was raided by the FBI in 2011.. Company manager Walter "...

  • HONESDALE, Pa. _ Norwood Financial Corp. on Wednesday reported first-quarter net income of $2.4 million. Norwood Financial shares have risen 18 percent since the beginning of the year. Keywords: Norwood Financial, Earnings Report.