Top News & Analysis Philadelphia

  • PHILADELPHIA— The host committee for the Democratic National Convention in Philadelphia says it raised over $85 million to put on July's event. Some top donors included the International Brotherhood of Electrical Workers, which gave about $2.1 million; the Democratic Governors Association, which gave $2 million; and Comcast Corp., the Philadelphia- based...

  • NEW YORK— Chemtura's stock is up more than 17 percent in premarket trading after the specialty chemicals company agreed to a $2.5 billion acquisition offer from Germany's Lanxess. Chemtura shareholders will receive $33.50 per share in cash for each share they own. Lanxess Chairman and CEO Matthias Zachert said that the acquisition diversifies its business...

  • PHILADELPHIA— Children's Hospital of Philadelphia says the founding family of Comcast has given $25 million toward a new $50 million initiative designed to put the hospital at the forefront of pediatric genetics research and development. The Philadelphia Inquirer reports the hospital made the announcement Friday. This story corrects the headline to...

  • PHILADELPHIA, United States- Federal Reserve Bank of Philadelphia President Patrick Harker, Cleveland Fed President Loretta Mester and Atlanta Fed President Dennis Lockhart participate in "Presidents' Perspectives: The Fed's Role in Our Communities" closing plenary before the "Reinventing Our Communities: Transforming Our Economies" conference hosted...

  • PHILADELPHIA, United States- Federal Reserve Bank of Philadelphia President Patrick Harker, Cleveland Fed President Loretta Mester and Atlanta Fed President Dennis Lockhart participate in "Presidents' Perspectives: The Fed's Role in Our Communities" closing plenary before the "Reinventing Our Communities: Transforming Our Economies" conference hosted...

  • The SEC's complaint, filed in federal district court in Philadelphia, accuses the legendary investor of earning about $4 million in illicit profits from trading in Atlas Pipeline Partners after a corporate insider gave him confidential information about a big divestiture. The SEC has framed its case, as I'll explain, to avoid the question at the Supreme Court.

  • WHITE PLAINS, N.Y.— Hillary Clinton is reserving $30 million in digital advertising as she seeks to connect with young voters. Seeking to reach young voters— including young African-Americans and Latinos— they'll be placing ads on outlets like YouTube, Facebook, Twitter, CNN, Vice, Spotify, Pandora, Univision, Telemundo, BET and The Root. The campaign is also...

  • LONDON- Bank of England's Monetary Policy Member Kristin Forbes will discuss why economics shocks can have global reach and the variety of factors involved- 1200 GMT. FRANKFURT- European Central Bank releases its economic bulletin- 0800 GMT. FRANKFURT- European Central Bank publishes the results of its second targeted long-term refinancing operation, a...

  • LONDON- Bank of England's Monetary Policy Member Kristin Forbes will discuss why economics shocks can have global reach and the variety of factors involved- 1200 GMT. FRANKFURT- European Central Bank releases its economic bulletin- 0800 GMT. FRANKFURT- European Central Bank publishes the results of its second targeted long-term refinancing operation, a...

  • The SEC also alleged that Cooperman tried to cover up the misconduct. The SEC indicated it was sending a message that well known and wealthy people aren't exempt from its efforts to pursue insider trading. The SEC said Cooperman profited illegally in July 2010 by buying securities in Atlas Pipeline Partners in advance of the sale of its natural gas processing...

  • Treasury Secretary Jack Lew speaks on U.S.-Africa Trade and Investment before a forum hosted on the occasion of the 71st session of the UN General Assembly and is co-hosted by the U.S. Department of Commerce and Bloomberg Philanthropies- 1805 GMT. DUBLIN- Bank of England's executive director of insurance supervision, David Rule, at the General Insurance...

  • Treasury Secretary Jack Lew speaks on U.S.-Africa Trade and Investment before a forum hosted on the occasion of the 71st session of the UN General Assembly and is co-hosted by the U.S. Department of Commerce and Bloomberg Philanthropies- 1805 GMT. DUBLIN- Bank of England's executive director of insurance supervision, David Rule, at the General Insurance...

  • NEW YORK— Sugar has become the nutritional villain du jour, but just how bad is our addiction? Philadelphia recently passed a tax on sugary drinks, several other places have proposed them, and the government this year recommended we limit our intake of added sugars to 10 percent of daily calories, underscoring how significant elected officials believe the...

  • WASHINGTON— Donald Trump Jr. has posted a message on Twitter likening Syrian refugees to a bowl of poisoned Skittles. Trump Jr.' s tweet said, "This image says it all. Skittles parent company, Wrigley Americas, distanced itself from the tweet with a terse response opposing Trump Jr.' s premise.

  • LONDON- Bank of England's executive director Andrew Hauser gives speech at CREST event- 1310 GMT. QUEBEC CITY, Canada- Bank of Canada Governor Stephen Poloz will give a speech in Quebec City on the topic of "Living With Lower for Longer", followed by a press conference- 1635 GMT. ENKOPING, Sweden- Sweden's Riksbank First Deputy Governor Kerstin af Jochnick will...

  • LONDON- Bank of England's executive director Andrew Hauser gives speech at CREST event- 1310 GMT. QUEBEC CITY, Canada- Bank of Canada Governor Stephen Poloz will give a speech in Quebec City on the topic of "Living With Lower for Longer," followed by a press conference- 1635 GMT. ENKOPING, Sweden- Sweden's Riksbank First Deputy Governor Kerstin af Jochnick will...

  • The Philadelphia Inquirer reports lawyer Robert Mongeluzzi said in Monday's opening statements the two cut-rate contractors convicted in the collapse were clueless and negligent but "so was everybody else involved." The defendants include the owner and architect of a building that collapsed as it was being demolished and buried people in rubble inside...

  • *Wall Street weighed down by banks, energy stocks. NEW YORK, Sept 16- The possibility of a $14 billion fine for Deutsche Bank and a slide in oil prices hit financials and energy stocks on Friday, leading most global stock indexes lower. Stocks fell as investors dumped shares of banks in North America and Europe after the U.S. Department of Justice proposed Deutsche...

  • *Wall Street weighed down by banks, energy stocks. NEW YORK, Sept 16- The possibility of a $14 billion fine for Deutsche Bank and a slide in oil prices hit financials and energy stocks on Friday, leading most global stock indexes lower. Stocks fell as investors dumped shares of banks in North America and Europe after the U.S. Department of Justice proposed Deutsche...

  • GOLDEN, Colo.— Joe Coors Jr., a member of Colorado's prominent beer brewing family, onetime congressional candidate and prominent executive, has died. "The entire family is deeply saddened by Joe's death," said Pete Coors, vice chairman of Molson Coors Brewing Co.. Joe Coors was a great-grandson of brewery founder Adolph Coors.