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  • 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.

  • Unilife reports 2Q loss Tuesday, 9 Feb 2016 | 7:23 PM ET

    YORK, Pa. _ Unilife Corp. on Tuesday reported a loss of $25.4 million in its fiscal second quarter. On a per-share basis, the York, Pennsylvania- based company said it had a loss of 20 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • The FDA usually, but not always, follows the advice of its advisory panels. But the FDA has previously determined it may be appropriate to license biosimilars for additional conditions for which a branded product is approved, even if the biosimilar has not been tested for them. Steven Solga, head of gastroenterology at St. Luke's University Hospital in Bethlehem,...

  • PHILADELPHIA— Philadelphia's mayor is donating his suite at Friday's sold-out Bruce Springsteen concert to a school district fundraising group. The Fund for the School District of Philadelphia is offering Democratic Mayor Jim Kenney's suite tickets for $556 each on its website and says proceeds will support public education. She says he also will donate...

  • NEW YORK, Feb 9- A U.S. judge said Tuesday that he would likely delay the release of a report detailing how well HSBC Holdings Plc has complied with anti-money laundering requirements until a federal appeals court could weigh in. District Judge John Gleeson in Brooklyn, New York, did not rule on whether he would put on hold his order requiring the unsealing of a...

  • WASHINGTON, Feb 9- U.S. job openings surged in December and the number of Americans voluntarily quitting work hit a nine-year high, pointing to labor market strength despite a slowdown in economic growth. said Joel Naroff, chief economist at Naroff Economic Advisors in Holland, Pennsylvania. Job openings, a measure of labor demand, increased 261,000 to a...

  • CHARLESTON, W.Va.— Alpha Natural Resources said it has received a $500 million offer from existing lenders for the potential sale of the bankrupt coal producer's core assets. Bristol, Virginia- based Alpha announced the offer in a filing Monday in U.S. Bankruptcy Court in Richmond, Virginia. The offer includes all Alpha coal assets in Pennsylvania and Wyoming; the...

  • Vishay reports 4Q loss Tuesday, 9 Feb 2016 | 7:49 AM ET

    MALVERN, Pa. _ Vishay Intertechnology Inc. on Tuesday reported a fourth-quarter loss of $137.8 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Malvern, Pennsylvania- based company said it had a loss of 93 cents. Three analysts surveyed by Zacks expected $560 million.

  • Liberty Property reports 4Q results Tuesday, 9 Feb 2016 | 7:47 AM ET

    MALVERN, Pa. _ Liberty Property Trust on Tuesday reported a key measure of profitability in its fourth quarter. The average estimate of seven analysts surveyed by Zacks Investment Research was for funds from operations of 64 cents per share. Five analysts surveyed by Zacks expected $199.3 million.

  • Glatfelter posts 4Q profit Tuesday, 9 Feb 2016 | 7:09 AM ET

    YORK, Pa. _ P.H. Glatfelter Co. on Tuesday reported fourth-quarter net income of $34.3 million. The York, Pennsylvania- based company said it had net income of 78 cents per share. Glatfelter shares have dropped 17 percent since the beginning of the year.

  • Pennsylvania stuck in historic budget gridlock Tuesday, 9 Feb 2016 | 1:54 AM ET

    Tom Wolf warned lawmakers on Tuesday that Pennsylvania's finances are a ticking time bomb amid a record-long budget gridlock, sending them a spending proposal for the coming fiscal year with no full plan in place for the fiscal year that began back in July. "This deficit isn't just a cloud hanging over Pennsylvania's long-term future. House Majority Leader...

  • *U.S. banks follow European peers lower. Feb 8- U.S. stocks dropped on Monday as concern over global growth hit banks and other economically sensitive shares, although a late rally in energy shares left the market well above its lows of the day. It is down more than 20 percent from its July 2015 high, confirming the sector is in the grip of a bear market.

  • NEW YORK, Feb 8- U.S. bank stocks and bonds took a pounding on Monday as recession fears compounded concern about their exposure to the energy sector and expectations that global interest rates are unlikely to rise quickly. I think that's what financials are reflecting- that their net interest margins are going to be further compressed under collapsing bond...

  • *U.S. banks follow European peers lower. Feb 8- U.S. stocks dropped on Monday as concern over global growth hit banks and other economically sensitive shares, but a late rally in energy shares left the market well above its lows of the day. I think that's what financials are reflecting- that their net interest margins are going to be further compressed under...