Top News & Analysis Pennsylvania

  • *Nasdaq touches record intraday high. Aug 23- U.S. stocks rose modestly on Tuesday, as gains in the tech sector helped buoy the Nasdaq to a record intraday high and solid housing market data provided more evidence the economy may be picking up momentum. Federal Reserve Chair Janet Yellen's speech on Friday at Jackson Hole will be scrutinized for clues on the timing...

  • Maryland, Massachusetts, New York and Pennsylvania sued Volkswagen over excess diesel emissions related to its use of cheating software while the state of Washington has filed a notice of penalty against Volkswagen. VW spokeswoman Jeannine Ginivan said the automaker "is committed to reaching a fair and efficient resolution of remaining federal and state...

  • Mobileye's U.S.-listed shares were up 8.3 percent at $50.42 in mid-day trading, while Delphi's shares rose 3.2 percent to $67.15. The U.S. National Highway Traffic Safety Administration did not respond immediately to a request for comment. Ride services giant Uber Technologies Inc last week said it had acquired self-driving truck startup Otto and planned...

  • Aug 23- Volkswagen AG and several U.S. states that sued the German automaker seeking hundreds of millions of dollars in damages for state law violations agreed to hold settlement talks, the automaker said in a court filing Tuesday. Volkswagen has been sued over excess diesel emissions related to its use of "defeat devices" by Maryland, Massachusetts, New York and...

  • Aug 23- Toll Brothers Inc's home orders in the third quarter rose the most in two years, and the company joined other large U.S. homebuilders in posting big jumps in quarterly revenue, underscoring steady growth in the U.S. housing market. Shares of Toll, which builds homes that cost upwards of $2 million, rose as much as 6 percent to $31 on Tuesday- their highest in more...

  • Shares of the company, which builds homes that cost upwards of $2 million, were up 2.3 percent on Tuesday. The company revised its forecast of home deliveries for the year ending Oct. 31 to 5,900-6,200 from its previous range of 5,800-6,300 homes. The Horsham, Pennsylvania- based company raised the lower end of its average selling price forecast for the year ending...

  • Mobileye, a key supplier of vision-based sensing systems, and Delphi, a provider of automotive safety systems, said they plan to begin testing a jointly developed turn-key system for self-driving cars early next year. The Mobileye/ Delphi alliance is the latest in a series of partnerships aimed at speeding deployment of automated driving systems.

  • DETROIT— Auto parts and electronics company Delphi Automotive is joining with Israeli software maker Mobileye to develop the building blocks for a fully autonomous car in about two years. Delphi and Mobileye plan to build a complete autonomous driving platform that they will sell to automakers worldwide. Delphi already has taken an autonomous Audi on a...

  • HORSHAM, Pa. _ Toll Brothers Inc. on Tuesday reported fiscal third-quarter profit of $105.5 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 63 cents per share. Toll Brothers shares have decreased 12 percent since the beginning of the year.

  • WASHINGTON, Aug 23- Federal Reserve Chair Janet Yellen may struggle later this week to convince financial markets she can steer a divided U.S. central bank to raise interest rates at least once in 2016 after it started the year with four hikes on its radar. But the Fed has been buffeted by a global growth slowdown, financial market volatility- first over concerns...

  • ALLENTOWN, Pa.— A Pennsylvania man is accused of stealing nearly $1,000 worth of newspapers for the coupons. Upper Macungie Township police say 25- year-old Dion Scheirer stole approximately 160 bundles of newspapers from The Morning Call earlier this month and gave them to a third party who sells coupons in bulk around the region. Authorities didn't...

  • HERSHEY, Pa.— A roller coaster somehow got stuck at a Pennsylvania amusement park and riders had to be evacuated from the structure, marking the second time a coaster has stopped working at the park in less than a week. Hersheypark officials say The Sidewinder "experienced a stoppage" at 3:30 p.m. Monday, and workers escorted all 27 riders safely off it.

  • The grisly death of a 10- year-old boy on a Kansas water slide and a Ferris wheel accident that injured three little girls at a county fair in Tennessee this summer have focused attention on what safety experts say is an alarming truth about amusement rides: How closely they are regulated varies greatly from state to state. Twenty-nine deaths on amusement rides...

  • NEW YORK, Aug 19- As Viacom Inc prepares for the impending departure of CEO Philippe Dauman, his interim replacement, Thomas Dooley, is planning to reach out to investors, setting a new tone for a company that has kept communications minimal. Dooley plans to set up meetings between shareholders and heads of Viacom networks, which include Comedy Central, MTV and...

  • Illinois became the third state— with New York and Connecticut— to abolish the tax just this year, among 15 states where legislation was introduced, said Jennifer Weiss-Wolf of the Brennan Center for Justice. Maryland, Massachusetts, Minnesota, New Jersey and Pennsylvania had previously not charged the tax and five other states have no sales tax.

  • NEW YORK, Aug 19- As Viacom Inc prepares to announce the impending departure of CEO Philippe Dauman, his interim replacement, Thomas Dooley, is planning to reach out to investors, setting a new tone for a company that has kept communications minimal. Dooley plans to set up meetings between shareholders and heads of Viacom networks, which include Comedy Central, MTV...

  • Houston oilfield services company Baker Hughes Inc. said Friday that 406 rigs sought oil and 83 explored for natural gas this week. Among major oil- and gas-producing states, Texas gained eight rigs, Pennsylvania was up two and Louisiana, Oklahoma and West Virginia added one each. Alaska, Arkansas, California, Colorado, Kansas, Ohio, Utah and Wyoming were unchanged.

  • WASHINGTON— Hiring has been strong in the past year in many presidential campaign swing states, a possible hurdle for GOP candidate Donald Trump, who has sought to capitalize on economic distress. Employers have added jobs in the past 12 months at a faster pace than the national average in Colorado, Florida, Michigan and North Carolina, the Labor Department said...

  • TOLEDO, Ohio— Ohio's toll road, a heavily traveled connector between the East Coast and Chicago, is moving closer to allowing the testing of self-driving vehicles. Much of the testing, up to now, has been in California along with a handful of Western U.S. states and on closed courses, such as one operated by the University of Michigan in Ann Arbor.

  • PITTSBURGH— A grocery store in western Pennsylvania is selling wine for the first time since Prohibition. Giant Eagle will sell wine at the store in Robinson Township, near Pittsburgh, beginning on Friday. The Pittsburgh Post-Gazette reports store officials and Republican House Speaker Mike Turzai plan a ceremonial champagne toast to mark the occasion.