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Top News & Analysis Pennsylvania

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  • NEW YORK, Oct 25- Brent crude futures edged higher on Thursday after seven straight sessions of losses, as the threat of Hurricane Sandy to East Coast gasoline and heating oil supplies lifted markets.

  • *Apple falls short of earnings expectations. After the close of trading, Apple Inc, the most valuable public company in the United States, posted quarterly earnings that fell short of expectations. Apple's earnings per share came in at $8.67, compared with Wall Street's estimate for $8.75 a share.

  • *Dow up 0.2 pct, S&P 500 up 0.3 pct, Nasdaq up 0.2 pct. There were a few bright spots, such as Procter& Gamble, which rose 2.9 percent to $70.07 after reporting stronger-than-expected results. The broad S&P 500 has declined 3.6 percent over the previous five sessions.

  • Federated Investors Q3 net up amid brisk demand Thursday, 25 Oct 2012 | 7:49 PM ET

    PITTSBURGH-- Federated Investors Inc. said Thursday its third-quarter net income jumped as demand for stock investments remained brisk. Federated reported its net income rose to $55.8 million, or 54 cents per share, in the July-September quarter, up 46 percent from $38.3 million, or 37 cents per share, in the third quarter of 2011..

  • NEW YORK, Oct 25- Shares on major world markets edged up on mildly positive corporate earnings and economic data on Thursday, while the U.S. dollar rallied to a four-month high against the yen on expectations Bank of Japan will ease monetary policy next week. after the S&P500 index lost 3.6 percent in the past five days, but corporate results were not strong enough to inspire significant buying.

  • EXCLUSIVE-Gardner Denver explores sale-sources Thursday, 25 Oct 2012 | 7:21 PM ET

    NEW YORK, Oct 25- Industrial machinery maker Gardner Denver Inc is exploring a sale and has drawn initial interest from several major private equity firms, according to people familiar with the matter, in a deal that would top $3 billion.

  • NEW YORK, Oct 25- Brent crude futures edged higher on Thursday after seven straight sessions of losses, as the threat of Hurricane Sandy to East Coast gasoline and heating oil supplies lifted markets.

  • US STOCKS-Wall St gains slightly, led by P&G Thursday, 25 Oct 2012 | 7:04 PM ET

    *Dow up 0.1 pct, S&P 500 up 0.2 pct, Nasdaq up 0.2 pct. NEW YORK, Oct 25- Wall Street rose modestly on Thursday after the S&P 500' s worst five-day stretch since May, but economic figures and corporate results were not strong enough to inspire heavy buying.

  • Forecasters warn East Coast about `Frankenstorm' Thursday, 25 Oct 2012 | 5:13 PM ET

    WASHINGTON-- All the spare parts appear to be coming together to create what forecasters are calling "Frankenstorm," a monster combination of high wind, heavy rain, extreme tides and maybe snow that could cause havoc along the East Coast just before Halloween next week. Hurricane Sandy, having blown through Haiti and Cuba on Thursday, continues to barrel north.

  • 25 arrested in 5 states in NY Web gambling probe Thursday, 25 Oct 2012 | 4:40 PM ET

    People were arrested in five states Wednesday as part of a sweeping investigation aimed at bookmakers and money couriers connected to Internet and phone gambling, including men who prosecutors identified as owners of the online gambling site Pinnacle Sports.

  • Sunoco to pay $117,000 to settle hazmat complaint Thursday, 25 Oct 2012 | 3:51 PM ET

    PHILADELPHIA-- The U.S. Environmental Protection Agency said Sunoco Inc. is paying a $117,000 fine to settle alleged violations of hazardous waste storage regulations at one of its former plants in northeast Philadelphia. The EPA said it cited Sunoco for violating a federal law governing the storage and disposal of hazardous waste.

  • FTC, paint cos in settlement over organic claims Thursday, 25 Oct 2012 | 3:46 PM ET

    The Sherwin-Williams Co. and PPG Architectural Finishes Inc. agreed to settlements requiring them to stop claiming that certain kinds of their interior paints contain "zero" volatile organic compounds, the FTC said.

  • Marcellus Shale business merger activity slows Thursday, 25 Oct 2012 | 3:40 PM ET

    PITTSBURGH-- The wheeling and dealing over the natural gas-rich Marcellus Shale has hit the pause button. PwC said low natural gas prices were the main factor, not the output or potential of the vast shale gas formation that lies under parts of Pennsylvania, West Virginia, New York, Ohio and Maryland.

  • Eastern utilities brace for expected super storm Thursday, 25 Oct 2012 | 2:54 PM ET

    HARTFORD, Conn.-- Utilities and governments along the East Coast are working to head off long-term power failures as forecasters predict a major storm to hit a region already skittish after foul weather in recent months that plunged residents into darkness for weeks.

  • Idaho wind developer's woes mount with lawsuit Thursday, 25 Oct 2012 | 1:50 PM ET

    BOISE, Idaho-- Legal challenges facing an Idaho wind energy company are mounting, after a contractor building one of its projects in Minnesota went to court asking a judge to hand over control.

  • *Raises 2012 EPS outlook to $2.50- $2.60 per share. Oct 25- Rising generic drug sales in North America helped push up Mylan Inc's quarterly profit by 35 percent and the drugmaker raised its earnings forecast for 2012, even as it steps up spending on its own drug research.

  • Mylan 3Q profit jumps; drugmaker raises forecast Thursday, 25 Oct 2012 | 1:44 PM ET

    PITTSBURGH-- Mylan Inc., a maker of generic and specialty prescription drugs, on Thursday posted a 35 percent increase in net income in the third quarter, mainly due to a big jump in sales. The Pittsburgh- based company raised its 2012 profit forecast, to a range of $2.50 to $2.60 per share, after having increased the forecast in May from its earlier $2.30 to $2.50 range.

  • NEW YORK, Oct 25- The outcome of a court hearing set to begin on Thursday will determine whether a major regional healthcare system in Pennsylvania is driven into bankruptcy or will be allowed to seek other suitors after a $475 million merger deal with insurer Highmark Inc crumbled.

  • Energy company Dominion Resources' 3Q profit falls Thursday, 25 Oct 2012 | 8:59 AM ET

    RICHMOND, Va.-- Dominion Resources says its third-quarter net income tumbled nearly 47 percent because of costs related to the permanent shutdown of one of its nuclear power stations and plant outages.

  • A look at earnings from the major airlines Thursday, 25 Oct 2012 | 8:44 AM ET

    Here is a summary of earnings reports from United Continental Holdings Corp., Delta Air Lines Inc., US Airways Group Inc., AMR Corp., parent of American Airlines, and Southwest Airlines Co.. United Continental's profit shrunk to $6 million from $653 million a year ago.