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Top News & Analysis Pennsylvania

  • 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.

  • BALA CYNWYD, Pa. _ Entercom Communications Corp. on Wednesday reported fourth-quarter earnings of $11.4 million. On a per-share basis, the Bala Cynwyd, Pennsylvania- based company said it had profit of 27 cents. Entercom Communications shares have climbed 1 percent since the beginning of the year.

  • PHILADELPHIA— Computer troubles are causing problems for American Airlines' passengers at Philadelphia International Airport. American spokeswoman Katie Cody says American's system did not return at 4 a.m. Wednesday after the airport conducted a planned internet outage overnight. As a result, American must manually check in passengers and has halted all...

  • The company, whose homes can cost more than $2 million, said orders rose about 22 percent to 1,522 homes in the first quarter ended Jan. 31. The Horsham, Pennsylvania- based company's net earnings declined 3.8 percent to $70.42 million, or 42 cents per share, in the first quarter, from a year earlier. Revenue fell to $920.73 million from $928.57 million.

  • Feb 22- Toll Brothers Inc reported a 3.8 percent fall in quarterly profit, hurt by lower average selling prices for its luxury homes. The Horsham, Pennsylvania- based company's net earnings declined to $70.42 million, or 42 cents per share, in the first quarter ended Jan. 31, from $73.18 million, or 40 cents per share, a year earlier. Revenue fell to $920.73 million from...

  • HORSHAM, Pa. _ Toll Brothers Inc. on Wednesday reported fiscal first-quarter profit of $70.4 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share. Toll Brothers shares have increased 3 percent since the beginning of the year.

  • HENDERSON, Louisiana, Feb 22- When Hope Rosinski's father gave her a six-acre plot in Louisiana more than a decade ago, she was surprised to find oil and gas pipelines crisscrossing the property. Opposition to the company's planned extension of the Bayou Bridge pipeline has made Louisiana bayous the latest battleground in a nationwide war against new pipeline...

  • Maggie Hassan of New Hampshire on Tuesday to talk about the state's changing climate and how it is affecting one of the state's most important industries. "When I purchased the farm in 2000," I was getting 75 gallons of sap, "said Ray LaRoche of LaRoche Farm in Durham." Connecticut, Maine, Massachusetts, New Hampshire, New York, Pennsylvania and Vermont produced 3.78...