The board of the charitable trust that controls Hershey said it had reached an in-principle agreement that would avoid a legal row. » Read More
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.
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.
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.
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.
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.
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.
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.
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.
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.
YORK, Pa.-- Dentsply reported a 12 percent decline in third quarter earnings Thursday as selling and administrative costs rose for the dental products company. The company narrowed its full-year earnings expectations to a range of $2.19 to $2.24 from the prior range of $2.18 to $2.24. Shares of Dentsply International Inc., based in York, Pa., rose 41 cents to $37.12.
PITTSBURGH-- Natural gas producer EQT Corp. said Thursday that its net income fell 82 percent in the third quarter compared to a year ago, when it sold a major pipeline. Net income fell to $31.9 million, or 21 cents per share, from $178.9 million, or $1.19 per share. Shares of EQT Corp. rose $2.63, or 4.5 percent, to $60.61 in afternoon trading.
PITTSBURGH-- Coal miner Consol Energy Inc. on Thursday posted an $11.4 million third-quarter loss, hurt by ongoing weak demand for coal. The Pittsburgh- based company's loss amounted to 5 cents per share, compared with a year-ago profit of $167.3 million, or 74 cents per share.
NEW YORK, Oct 24- Barnes& Noble Inc said on Wednesday that customers who shopped at 63 of its stores as recently as last month may have had their credit or debit card information stolen in what the U.S. bookstore chain called a ``sophisticated criminal effort.''.
*US says bank sold toxic loans to Fannie Mae, Freddie Mac. NEW YORK, Oct 24- The United States filed a fraud lawsuit against Bank of America Corp, accusing it of causing taxpayers more than $1 billion of losses by selling thousands of toxic mortgage loans to Fannie Mae and Freddie Mac.
*SAN FRANCISCO FED PRESIDENT JOHN WILLIAMS, Oct. 15 ``In no way has our commitment to price stability wavered.''.
FLYING HIGH: Delta Air Lines reported a billion-dollar third-quarter profit and said demand is holding up well. GAINING ALTITUDE: The results come as Delta aims to pull ahead of struggling U.S. rivals.
Delta Air Lines reported a billion-dollar third-quarter profit and said demand is holding up well. The world's second-largest airline posted net income of $1.05 billion, or $1.23 per share, compared with $549 million, or 65 cents, a year earlier. And Southwest is still integrating AirTran _ 17 months after buying the company.
*US says bank sold toxic loans to Fannie Mae, Freddie Mac. Oct 24- The United States filed a civil mortgage fraud lawsuit against Bank of America Corp, accusing it of selling thousands of toxic home loans to Fannie Mae and Freddie Mac that went into default and caused more than $1 billion of losses.