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  • Herbert Sudfeld, 64, was convicted on charges of securities fraud and making a false statement by a federal jury in Philadelphia following a four-day trial, prosecutors said. The Doylestown, Pennsylvania- resident faces a maximum sentence of 25 years in prison, according to the U.S. Attorney's Office in Philadelphia. Sudfeld was indicted in July on charges that...

  • Dennis Hamilton, a former vice president of tax at Harman, was charged in a criminal complaint filed in New Haven, Connecticut, with securities fraud in connection with trades in the company's stock that prosecutors said netted him over $130,000. The U.S. Securities and Exchange Commission brought a related civil action over the non-public information that...

  • Dennis Hamilton, a vice president of tax at Harman, was charged in a criminal complaint filed in New Haven, Connecticut, with securities fraud in connection with trades in the company's stock that prosecutors said netted him over $130,000. The U.S. Securities and Exchange Commission filed a related civil lawsuit over the non-public information that the agency...

  • PHILADELPHIA— One of three men convicted of kidnapping and torturing a Philadelphia jewelry store worker before dumping her in a cemetery in an attempt to get the shop's security codes has been sentenced to more than 30 years in prison. The Philadelphia Inquirer reports Salahudin Shaheed was sentenced Friday for his role in the April attack.

  • In New England, where a regional casino war is afoot, Connecticut's Foxwoods is remaking one of its gambling floors— now christened "The Fox"— as a hip, fun scene in the sprawling 30- year-old casino complex. In Rhode Island, the more modest-sized Twin River Casino removed 274 slot machines to make way for more poker and other table games favored by younger gamblers...

  • Crystal Cruises luxury travel company announced plans Thursday to overhaul the ship at a cost of at least $700 million. The massive steamship has been docked in Philadelphia for two decades, gutted and rusting at an unused wharf on the Delaware River. The SS United States is now owned by a conservation group, with a purchase option signed by Crystal Cruises.

  • EPS 19 cents vs est. To counter slowing sales growth, the company has been investing heavily to expand its reach and recently added Philadelphia, Washington D.C. and San Francisco to its network, which is present in more than 1,000 U.S. cities. "There is more competition in the space but their performance seems to suggest it's not materially negatively affecting...

  • The company has been investing heavily to expand its reach and recently added Philadelphia, Washington D.C. and San Francisco to its network, which is present in 900 U.S. cities. The company forecast first-quarter revenue of $109 million- $112 million. The company's net income rose to $11.3 million in the fourth quarter ended Dec. 31, from $10.8 million a year...

  • Feb 4- Real estate investment trust Hersha Hospitality Trust said it would sell seven hotels in Manhattan for $571.4 million to a joint venture it is setting up with China's Cindat Capital Management Ltd.. The hotels include the Holiday Inn Express Times Square, the Candlewood Suites Times Square, the Hampton Inn Chelsea and the Holiday Inn Wall Street.

  • Beneficial Mutual posts 4Q profit Thursday, 4 Feb 2016 | 8:09 AM ET

    PHILADELPHIA _ Beneficial Mutual Bancorp Inc. on Thursday reported fourth-quarter profit of $4.8 million. The Philadelphia- based bank said it had earnings of 6 cents per share. For the year, the company reported profit of $22.9 million, or 29 cents per share.

  • Crown tops 4Q profit forecasts Wednesday, 3 Feb 2016 | 6:17 PM ET

    PHILADELPHIA _ Crown Holdings Inc. on Wednesday reported fourth-quarter net income of $66 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share. Five analysts surveyed by Zacks expected $2.13 billion.

  • Lannett meets 2Q profit forecasts Wednesday, 3 Feb 2016 | 5:21 PM ET

    PHILADELPHIA _ Lannett Co. on Wednesday reported fiscal second-quarter profit of $13.5 million. Lannett expects full-year revenue in the range of $585 million to $595 million. Lannett shares have dropped 39 percent since the beginning of the year.

  • *Yields end higher as oil, stock prices gain. NEW YORK, Feb 3- U.S. The move capped a volatile day that saw benchmark 10- year note yields plunge below technical resistance to a low of 1.7930 percent, the lowest since Feb. 5, 2015, before rising back to 1.883 percent.

  • NEW YORK, Feb 3- Comcast Corp posted better-than-expected fourth-quarter revenue and added the most video customers in any quarter in eight years, even as viewers gravitate toward online offerings. The largest U.S. cable operator and the No. 1 U.S. high-speed Internet provider said on Wednesday it also raised its annual dividend by 10 percent to $1.10 per share...

  • *Ten-year note yields lowest since Feb 2015. NEW YORK, Feb 3- U.S. The Institute for Supply Management said its index of non-manufacturing activity fell to 53.5 from 55.8 the month before.

  • NEW YORK, Feb 3- Comcast Corp posted better-than-expected fourth-quarter revenue on Wednesday, and said it added the most video customers in any quarter in eight years, even as viewers gravitate toward online offerings. It earmarked $5 billion in stock buybacks for 2016 as part of a $10 billion program. Total revenue at Philadelphia- based Comcast rose 8.5...

  • Comcast misses 4Q profit forecasts Wednesday, 3 Feb 2016 | 7:07 AM ET

    PHILADELPHIA— Comcast Corp. on Wednesday reported fourth-quarter net income of $1.97 billion. The average estimate of 19 analysts surveyed by Zacks Investment Research was for earnings of 82 cents per share. Twenty analysts surveyed by Zacks expected $18.79 billion.

  • NEW YORK, Feb 3- Comcast Corp posted better-than-expected fourth-quarter revenue on Wednesday, driven by growth in its media and entertainment unit NBCUniversal in addition to its high-speed Internet and business services divisions. It earmarked $5 billion in stock buybacks for 2016 as part of a $10 billion program. Total revenue at Philadelphia- based...

  • WASHINGTON— Three of the biggest freight railroads operating in the U.S. have told the government they won't meet a 2018 deadline to start using safety technology intended to prevent accidents like the deadly derailment of an Amtrak train in Philadelphia last May. Canadian National Railway, CSX Transportation and Norfolk Southern say they won't be ready...

  • CHICAGO, Feb 2- Health experts are bracing for Zika virus to spread to the United States by April or May, borne by a mosquito that craves human blood, feeds during the day and lives under beds and inside closets. Until now, the best weapon against disease-carrying mosquitoes in the United States has been outdoor pesticide fog sprayed by truck and airplane.