Top News & Analysis Philadelphia

  • Dec 5- Pfizer Inc said on Monday its cancer drug, Bosulif, was found effective in a late-stage study on previously untreated patients with a form of blood and bone marrow cancer that is characterized by the abnormal production of white blood cells. Most people with chronic myeloid leukemia have a genetic mutation, called the Philadelphia chromosome, which...

  • NEW YORK, Dec 2- Delta Air Lines Inc is preparing to market gasoline from a refinery it owns outside Philadelphia, signaling a shift in strategy toward managing the plant as a commercial refiner rather than a dedicated jet fuel supplier. Now, Monroe is ramping up to sell small volumes of blended gasoline and ultimately diesel at a distribution center owned by...

  • WASHINGTON— The Supreme Court will decide whether some of the nation's largest health providers can rely on their church affiliations to avoid complying with federal laws covering pension benefits for workers. Lower courts ruled against the hospitals— Dignity Health, Advocate Health Care Network and Saint Peter's Healthcare System— saying their pensions...

  • WASHINGTON, Dec 2- U.S. employers likely boosted hiring in November amid growing confidence in the economy, making it almost certain that the Federal Reserve will raise interest rates later this month. The Labor Department will release its closely watched employment report on Friday at 8:30 a.m.. The Fed has the green light to raise interest rates this month,...

  • PHILADELPHIA _ Five Below Inc. on Thursday reported fiscal third-quarter profit of $5.4 million. For the current quarter ending in January, Five Below said it expects revenue in the range of $391 million to $397 million. Five Below shares have climbed 24 percent since the beginning of the year.

  • The price of two turtle doves jumped from $290 to $375 this year, but nine of the other 12 gifts listed in the carol stayed the same price or became cheaper, including a partridge in a pear tree, according to the 33rd annual PNC Wealth Management Christmas Price Index released Thursday. As a result, the overall cost of the gifts listed in the song increased 0.7 percent...

  • *OPEC agreement also lifts bond yields. Energy shares jumped with oil prices after OPEC agreed to cut production. Bank shares also rose after comments by Steven Mnuchin, President-elect Donald Trump's pick for U.S.

  • University of Pennsylvania President Amy Gutmann released a letter Wednesday that echoes sanctuary policies in place at a growing number of U.S. universities. Gutmann says immigrant students add to Penn's richness and diversity. Trump and three of his children are Penn graduates.

  • *OPEC agreement also lifts bond yields. News that OPEC agreed to cut production drove U.S. oil prices up 9.3 percent, causing the S&P 500 energy index to rally 5.1 percent and bond yields to jump. November was set to be Wall Street's best month since March, largely because of the post U.S.-election rally.

  • WASHINGTON— The Federal Reserve reports that the U.S. economy grew at a modest rate this fall, with solid gains in consumer spending helping offset lingering weakness in exports. Another three districts— Philadelphia, Cleveland and Kansas City— saw a "slight" pace of growth. Richmond viewed activity as mixed, and New York said activity had been flat.

  • NEW YORK— After Finegold Alexander Architects began winning awards for its work on synagogues, calls started coming in from congregations around the country. ' "firm partner Tony Hsiao recalls the rabbis and executive directors asking. The Boston- based firm has won more than 150 architecture-related awards for a variety of building projects in its more than...

  • The Portland Press Herald reports the Securities and Exchange Commission filed a motion in September in Philadelphia saying Michael Liberty, of Windermere, Florida, hid money and lied about being unable to pay the remaining $5.4 million. The SEC alleged Liberty improperly diverted more than $9 million of a $100 million venture capital fund to himself or...

  • PHILADELPHIA— Temple University officials have announced that the north Philadelphia school's endowment has grown to surpass $500 million for the first time. The Philadelphia Inquirer reports university leaders credit both an increase in donations and better investment strategies as the reason for Temple reaching the milestone.

  • PHILADELPHIA— The nation's three busiest commuter railroads— which together serve nearly 1 million riders in the New York City area each day— continue to lag behind their smaller West Coast counterparts in installing sophisticated train-control technology that's seen as an antidote to crashes involving speeding and other human factors, federal...

  • PHILADELPHIA— The president of the Philadelphia Federation of Teachers has rejected a four-year, $100 million contract offer from the district. Union president Jerry Jordan tells Philly.com he won't take the newest offer to his members. Philadelphia teachers have been working without a contract for three years and without raises for four.

  • EASTON, Pa.— A popular science center in eastern Pennsylvania wants to expand by opening a $130 million second location in Easton that would include the Lehigh Valley's first aquarium, officials said. A larger building in Easton could become a regional attraction for students and tourists, she said, similar to the Franklin Institute in Philadelphia and...

  • CHICAGO— Elizabeth Thompson can't wait to leave the big city behind and decompress over the Thanksgiving holiday at her grandmother's house in rural south-central Indiana. On Wednesday, Thompson, 23, missed her Amtrak train from Chicago to Galesburg, Illinois, where she'd planned to catch a ride with a family member the rest of the way to Edinburgh, Indiana.

  • Shares of the company, which surprised Wall Street with same-store sales increases in the preceding two quarters, fell 9.4 percent to $35.35 in after-market trading. Comparable sales dropped 2.7 percent at Anthropologie Group and 1.5 percent at Free People. Anthropologie, wedding dress retailer BHLDN and outdoor lifestyle brand Terrain make up the...

  • Nov 22- Apparel retailer Urban Outfitters Inc reported quarterly comparable sales that missed analysts' estimate as demand fell for its Anthropologie Group and Free People brands, sending its shares down 9 percent in after-market trading. Comparable sales dropped 2.7 percent at Anthropologie Group and 1.5 percent at Free People. Anthropologie, wedding...

  • NEW YORK, Nov 18- U.S. stocks were lower on Friday afternoon, with health stocks leading the declines, as investors cashed in on a post-election rally and waited for clarity on the next administration's policies. U.S. stocks have generally been rising since Donald Trump's surprise victory in the presidential election last week as his proposals to increase...