Top News & Analysis Pennsylvania

  • Houston oilfield services company Baker Hughes Inc. said Friday that 522 rigs sought oil and 136 explored for natural gas this week. Colorado, North Dakota, Ohio and Pennsylvania fell by one each. Alaska, Arkansas, California, Kansas, New Mexico, Utah and West Virginia were all unchanged.

  • The FAA has been working on new contingency plans since a fire at control facility in the Chicago area in 2014 led to widespread flight cancellations and delays for more than two weeks, according to a report by the Department of Transportation's inspector general. The FAA has yet to develop new plans for lower-altitude flights and planes in the immediate...

  • ATLANTIC CITY, N.J.— In a story Jan. 12 about Atlantic City casino revenue, The Associated Press misspelled the name of the general manager of the Golden Nugget casino. ATLANTIC CITY, N.J.— Internet gambling helped Atlantic City's casinos post their first revenue increase in a decade. The last time Atlantic City casino revenue increased was in 2006, just as a wave of...

  • GETTYSBURG, Pa.— A Pennsylvania businessman wants to build a harness racing track and casino near Gettysburg, the site of the 1863 battle that turned the tide of the American Civil War. The proposed location on about 700 acres is just east of where U.S. Route 15 crosses the Maryland- Pennsylvania line. It's LeVan's third attempt to bring gambling to Gettysburg.

  • NEW CASTLE, Pa.— A Pennsylvania fireworks business used for many national events has been fined $200,000 by federal agents and ordered to close for two weeks after an employee stole fireworks. Family-owned Zambelli International Fireworks of New Castle blamed poor record-keeping on its failure to detect the theft. The federal Bureau of Alcohol, Tobacco,...

  • LONDON, Jan 13- Extreme volatility and strong cyclicality have been the defining characteristics of oil prices and the industry since the first modern oil well was drilled in Pennsylvania in 1859.. "The problem of oil is that there is always too much or too little", Myron Watkins, professor of economics at New York University, wrote 80 years ago.

  • PITTSBURGH _ PNC Financial Services Group Inc. on Friday reported fourth-quarter profit of $1.05 billion. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.86 per share. PNC Financial Services shares have risen almost 1 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed...

  • WASHINGTON- Federal Reserve Board Chair Janet Yellen will host a townhall meeting with educators from across the Country United States- 0000 GMT. TOKYO- Asian Development Bank President Takehiko Nakao delivers speech about the outlook for Asian economies and the role of ADB- 0800 GMT. STOCKHOLM- Riksbank Deputy Governor Henry Ohlsson talks about current...

  • ATLANTIC CITY, N.J.— Internet gambling helped Atlantic City's casinos post their first revenue increase in a decade. The last time Atlantic City casino revenue increased was in 2006, just as a wave of Pennsylvania casinos began opening and drawing away Atlantic City's customers. But Matt Levinson, chairman of the New Jersey Casino Control Commission, thinks...

  • WASHINGTON— Newly released transcripts show Federal Reserve officials were sharply divided in 2011 over whether the central bank should launch a program aimed at pushing long-term interest rates lower to spur economic growth. The central bank ended up adopting the program, dubbed "Operation Twist," at its September 2011 meeting by a 7-3 vote after what the...

  • Jan 12- The Arizona Attorney General plans to file a lawsuit against Theranos Inc over a "long-running scheme of deceptive acts and misrepresentations" related to the company's blood-testing equipment, according to a state bidding document. Theranos, founded by Elizabeth Holmes in 2003, said last year it would close its clinical labs and Wellness Centers,...

  • Republicans promising to repeal and replace President Barack Obama's landmark healthcare law are under "no hard deadlines" for producing an alternate program, House of Representatives Speaker Paul Ryan said on Thursday.

  • MALVERN, Pa., Jan 12- The Federal Reserve can consider shrinking its massive trove of bonds once the interest rate on overnight lending between banks rises to 1 percent, Philadelphia Fed President Patrick Harker said on Thursday. Boston Fed President Eric Rosengren said on Jan 9 that the Fed should consider trimming the balance sheet, a move that could cool the...

  • *Healthcare stocks in Europe drop 2 percent after Trump. LONDON, Jan 12- The U.S. dollar nursed widespread losses on Thursday after President-elect Donald Trump's long-awaited news briefing gave little clarity on future fiscal policies, disappointing bulls who had bet on major stimulus. It was enough to send the dollar tumbling back below 114 yen for a time, to a...

  • MALVERN, Pa., Jan 12- The U.S. economy is gathering enough strength to warrant three interest rate increases this year from the Federal Reserve, Philadelphia Fed President Patrick Harker said on Thursday. "The economy is displaying considerable strength," Harker said in prepared remarks for a business group in Malvern, Pennsylvania, adding that inflation is...

  • MONACA, Pa.— Supervisors of a western Pennsylvania township have granted a conditional use permit for a $6 billion petrochemical, or ethane cracker, plant proposed by Shell Chemicals. A 10- hour hearing last month ended without a decision because the Potter Township supervisors wanted Shell and the Clean Air Council, an environmental group that opposes the...

  • President-elect Donald Trump provided little clarity on future fiscal policies at a press briefing. Spot gold was up 0.4 percent at $1,196.06 per ounce, after touching a high of $1,198.58, its best since Nov. 23. "There is some kind of uncertainty in Trump's policies and the dollar's upside is also being questioned by the markets," Argonaut Securities analyst...

  • Jan 12- Gold edged higher early on Thursday to hold near 7- week highs touched in the previous session, as the dollar weakened after Donald Trump provided little clarity on future fiscal policies in his first press conference as U.S. president-elect. *A host of Federal Reserve presidents including Philadelphia, Chicago, Atlanta, Dallas and St. Louis will also...

  • NAPLES, United States- Federal Reserve Bank of Chicago President Charles Evans speaks on current economic conditions and monetary policy before a panel at the American Council of Life Insurers Executive Roundtable- 1345 GMT. NAPLES, United States- Federal Reserve Bank of Atlanta President Dennis Lockhart speaks on the economic outlook and monetary policy...

  • WASHINGTON— President-elect Donald Trump on Wednesday tapped the Department of Veterans Affairs' top health official to lead a beleaguered agency struggling to meet the health needs of millions of veterans. Trump announced Shulkin's selection at a news conference in New York and said he had interviewed at least 100 people for the job. The choice is likely to...