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Top News & Analysis Pennsylvania

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  • NEW YORK, July 28- U.S. consumer confidence took its biggest tumble in four years in July on a less upbeat jobs outlook, while home appreciation in major cities stalled in May, suggesting a spring pause in housing demand. The latest figure was the lowest since September 2014, while the decline was the steepest since August 2011. Ryan Sweet, senior economist at Moody's...

  • NEW YORK, July 28- U.S. The rout in China's stock market has heightened concern that the world's second-largest economy is heading for trouble despite emergency measures by the government to prop up prices. "Treasuries selling started with the overnight trading after Chinese equities bounced off their lows, and that helped release some of the safe-haven bid in...

  • *Baidu slumps after results miss expectations. The Nasdaq composite opened higher but turned negative shortly, dragged down by Baidu's 14.6 percent slump after China's biggest Internet search company's quarterly profit missed estimates. Wall Street sank on Monday after the steepest decline in Chinese stocks in eight years increased concerns about...

  • *Baidu slumps after results miss expectations. *Pfizer, Ford rise after results. Wall Street sank on Monday, for the fifth straight day, after the steepest decline in Chinese stocks in eight years increased concerns about slowing growth in the country.

  • Donegal posts 2Q profit Tuesday, 28 Jul 2015 | 8:15 AM ET

    MARIETTA, Pa. _ Donegal Group Inc. on Tuesday reported second-quarter earnings of $6.5 million. The Marietta, Pennsylvania- based company said it had net income of 24 cents per share. Keywords: Donegal Group, Earnings Report.

  • Airgas beats Street 1Q forecasts Tuesday, 28 Jul 2015 | 7:42 AM ET

    RADNOR, Pa. _ Airgas Inc. on Tuesday reported fiscal first-quarter profit of $88.2 million. Airgas expects full-year earnings to be $4.90 to $5.05 per share. Airgas shares have dropped 16 percent since the beginning of the year, while the Standard& Poor's 500 index has stayed nearly flat.

  • Liberty Property reports 2Q results Tuesday, 28 Jul 2015 | 7:39 AM ET

    MALVERN, Pa. _ Liberty Property Trust on Tuesday reported a key measure of profitability in its second quarter. The average estimate of nine analysts surveyed by Zacks Investment Research was for funds from operations of 65 cents per share. Liberty Property expects full-year funds from operations to be $2.60 to $2.65 per share.

  • Mylan, whose shares fell 14.5 percent, said it would continue its own unsolicited pursuit of Irish drugmaker Perrigo Co, a maker of over-the-counter consumer and nutritional products and generic topical medicines. Perrigo is one of the few remaining assets out there, "said Morningstar analyst Michael Waterhouse. Other industry analysts expect Mylan will...

  • Consol reports 2Q loss on sales decline, higher costs Tuesday, 28 Jul 2015 | 6:54 AM ET

    CANONSBURG, Pa.— Consol Energy reported a bigger second-quarter loss as weak coal sales dragged revenue lower and exploration costs increased. The Canonsburg, Pennsylvania, company lost $603.3 million, or $2.64 per share, compared with a loss of $24.9 million, or 11 cents per share, a year prior. Losses, adjusted for non-recurring costs, were 37 cents per share, while...

  • Lee Lum, 36, had pleaded guilty to wire fraud. Lee Lum was a partner in the New Jersey leasing company, which would obtain loans for its clients through a financing firm, prosecutors said. From October 2011 through May 2012, Lee Lum forged clients' signatures on loan documents and submitted them to the financing company.

  • Citizens Financial Services posts 2Q profit Monday, 27 Jul 2015 | 12:12 PM ET

    MANSFIELD, Pa. _ Citizens Financial Services Inc. on Monday reported second-quarter earnings of $3.2 million. Citizens Financial Services shares have dropped 10 percent since the beginning of the year. Keywords: Citizens Financial Services, Earnings Report.

  • Verizon workers vote to authorize strike, if necessary Saturday, 25 Jul 2015 | 5:22 PM ET

    NEW YORK— Verizon workers in nine states have voted to go on strike if necessary over a dispute about a new contract, a union official said at a rally Saturday. At the rally in New York, the CWA announced that 86 percent of Verizon workers who voted in a recent poll backed strike action if required. The contract covers employees the nine states from Massachusetts to...

  • WASHINGTON, July 24- U.S. authorities are investigating possible price gouging by four U.S. airlines while train service was disabled between New York and Washington after a deadly Amtrak crash in Philadelphia in May, the Transportation Department said on Friday. Transportation Secretary Anthony Foxx said the investigation involved Delta Air Lines Inc,...

  • WASHINGTON, July 24- U.S. authorities are investigating possible price gouging by four American airlines while train service was disabled between New York and Washington after a deadly Amtrak crash in Philadelphia in May, the Transportation Department said on Friday. Amtrak traffic between Washington and New York City was shut down for six days as a result.

  • WASHINGTON, July 24- The U.S. Transportation Department on Friday began an investigation of possible price gouging by four American airlines in the aftermath of a deadly Amtrak crash in Philadelphia in May. Transportation Secretary Anthony Foxx said the investigation would focus on the practices of Delta, American, Southwest and Jet Blue in the Northeast...

  • LAUNCHES PRICE- GOUGING INVESTIGATION OF FOUR U.S.

  • WASHINGTON— Transportation Secretary Anthony Foxx said Friday the government has opened a price-gouging investigation involving five airlines that allegedly raised airfares in the Northeast after a deadly Amtrak crash in Philadelphia in May disrupted rail service. The Transportation Department sent letters on Friday to Delta, American, United,...

  • Tom Wolf acknowledged Friday that nonprofit social services providers may have to borrow money during the state budget stalemate, but he said they should share his broader goal of doing the right thing for Pennsylvania. "Apparently, if they are forced to borrow money, the cost is not reimbursable in many cases by the state, so that is something that would not be...

  • CB Financial Services posts 2Q profit Friday, 24 Jul 2015 | 8:09 AM ET

    CARMICHAELS, Pa. _ CB Financial Services Inc. on Friday reported net income of $2.2 million in its second quarter. CB Financial Services shares have fallen slightly since the beginning of the year. Keywords: CB Financial Services, Earnings Report.

  • PHILADELPHIA— Philadelphia's mass transit system is paying $500,000 a year for a company to build a site to sell special transit passes for Pope Francis' September visit. The Philadelphia Inquirer reports CapTech Consulting Inc. was awarded a three-year $1.5 million contract in March to perform information technology services for the Southeastern...