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Top News & Analysis Pennsylvania

  • LAUSANNE, Switzerland _ Logitech International SA on Tuesday reported fiscal fourth-quarter earnings of $25 million. The Lausanne, Switzerland- based company said it had net income of 15 cents per share. Logitech shares have risen 28 percent since the beginning of the year.

  • Lawmakers voted 105-84 in favor of the wholesale divestment proposal, sending it with other proposals to the Senate for its consideration. Joe Markosek, a Democrat from Allegheny County, said the change would help businesses at the expense of taxpayers, as state stores would have to compete with groceries that can focus on just the most popular varieties.

  • HARRISBURG, Pa. _ Hersha Hospitality Trust on Tuesday reported a key measure of profitability in its first quarter. The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of 28 cents per share. Hersha Hospitality expects full-year funds from operations in the range of $2.08 to $2.31 per share.

  • CRANBERRY TOWNSHIP, Pa. _ MSA Safety Inc. on Tuesday reported first-quarter profit of $14.4 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share. MSA Safety shares have risen almost 6 percent since the beginning of the year.

  • PITTSBURGH _ Kennametal Inc. on Tuesday reported fiscal third-quarter profit of $38.9 million. Kennametal expects full-year earnings in the range of $1.50 to $1.60 per share. Kennametal shares have risen 29 percent since the beginning of the year.

  • BALA CYNWYD, Pa. _ Royal Bancshares of Pennsylvania Inc. on Tuesday reported first-quarter profit of $1.8 million. The bank, based in Bala Cynwyd, Pennsylvania, said it had earnings of 6 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • PHILADELPHIA _ Pennsylvania Real Estate Investment Trust on Tuesday reported a key measure of profitability in its first quarter. The average estimate of four analysts surveyed by Zacks Investment Research was for funds from operations of 37 cents per share. Three analysts surveyed by Zacks expected $97.3 million.

  • KING OF PRUSSIA, Pa. _ Universal Health Services Inc. on Tuesday reported first-quarter earnings of $206.1 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.06 per share. Universal Health Services shares have climbed 14 percent since the beginning of the year.

  • PITTSBURGH _ United States Steel Corp. on Tuesday reported a loss of $180 million in its first quarter. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share. Three analysts surveyed by Zacks expected $2.92 billion.

  • NEW YORK, April 25- The Nasdaq Composite hit a record high on Tuesday, while the Dow and S&P 500 brushed against recent peaks as strong earnings underscored the health of corporate America. Caterpillar closed up 7.9 percent at $104.42 after earlier hitting a multi-year high of $104.89 and McDonald's jumped 5.6 percent to $141.70, both after beating profit...

  • NEW YORK, April 25- The Nasdaq Composite hit a record high on Tuesday, while the Dow and S&P 500 brushed against recent peaks as strong earnings underscored the health of corporate America. Caterpillar was up 7.7 percent at $104.29 after earlier hitting a multi-year high of $104.71 and McDonald's jumped 5.6 percent to $141.72, both after beating profit...

  • WASHINGTON, April 25- U.S. consumer confidence fell from a more than 16- year high in April, but a surge in new home sales to an eight-month high last month suggested underlying strength in the economy despite an apparent sharp slowdown in growth in the first quarter. Consumers also have more jobs and are getting higher wages, so they will likely increase their...

  • NEW YORK, April 25- The Nasdaq Composite index crossed the 6,000 threshold for the first time on Tuesday, aided by gains in a handful of large-cap tech names, more than 17 years after it last marked a 1,000 point milestone. This isn't driven by companies that don't have products, "said Kim Forrest, senior equity research analyst at Fort Pitt Capital Group in...

  • *Oil dips on doubts over OPEC's ability to reduce inventories. NEW YORK, April 25- Equity markets continued their advance on Tuesday and a gauge of world stocks notched a record for a second straight session, spurred by speculation about U.S. tax reform and relief at French election results. Bets on clarity regarding the tax code helped boost U.S. stocks, according...

  • ALLENTOWN, Pa.— Lehigh Valley Health Network is moving 500 employees from the suburbs to downtown Allentown, the eastern Pennsylvania city where one of its eight hospitals is located. The white-collar support workers are now located in a business park in Salisbury Township, about four miles from downtown Allentown, Pennsylvania's third-largest city with...

  • A Waymo self-driving car.

    Waymo, Google's self-driving car project will allow hundreds of people in Phoenix to take rides in the vehicles to get feedback on the experience.

  • PHILADELPHIA/ LONDON April 25- U.S. commercial property insurer FM Global is planning a European hub in Luxembourg following Britain's decision to leave the bloc, the head of its European division told Reuters. The mutual insurer, which earned $5.5 billion in gross premium last year, plans to continue many business operations in Windsor, west of London, but has...

  • MALVERN, Pa. _ Liberty Property Trust on Tuesday reported a key measure of profitability in its first quarter. The average estimate of eight analysts surveyed by Zacks Investment Research was for funds from operations of 58 cents per share. Liberty Property expects full-year funds from operations in the range of $2.42 to $2.52 per share.

  • PITTSBURGH _ Allegheny Technologies Inc. on Tuesday reported first-quarter net income of $17.5 million, after reporting a loss in the same period a year earlier. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share. Allegheny Technologies shares have increased 14 percent since the beginning of...

  • WILMERDING, Pa. _ Westinghouse Air Brake Technologies Corp. on Tuesday reported first-quarter net income of $73.9 million. Wabtec expects full-year earnings in the range of $3.95 to $4.15 per share, with revenue expected to be $4.1 billion. Wabtec shares have declined 1 percent since the beginning of the year.