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Top News & Analysis Philadelphia

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  • PHILADELPHIA— Special train passes for the weekend of Pope Francis' visit to Philadelphia aren't as big a hit as expected. The Southeastern Pennsylvania Transportation Authority said Tuesday about 20,000 of the commuter rail tickets remained unsold. The agency is capping ridership at 175,000 for each day of Francis' Sept. 26-27 visit.

  • PHILADELPHIA _ Spark Therapeutics Inc. on Wednesday reported a loss of $14.3 million in its second quarter. On a per-share basis, the Philadelphia- based company said it had a loss of 60 cents. Keywords: Spark Therapeutics, Earnings Report.

  • CHADDS FORD, Pa.— Wawa has passed the first hurdle in a bid to sell beer at one suburban Philadelphia location. The Philadelphia Inquirer reports the Concord Township Board of Supervisors has approved Wawa's request to sell beer at its store on Naamans Creek Road in Chadds Ford. Wawa has stated beer sales would be limited to Chadds Ford for the time being, but the...

  • WASHINGTON— The advent of social media has brought a new type of connectedness and an easier way to share thoughts and content across the world. It also allows companies like fast food chain Whataburger to add to the beef when music artists feud, as was the case in last week's squabble between Philadelphia- born rapper Meek Mill and Canadian crooner, Drake.

  • WASHINGTON— Comcast is speeding up and expanding a discounted Internet service that was created to get more low-income people online. Comcast created the program four years ago as a condition of government approval of its purchase of NBCUniversal. The service costs $10 a month, a quarter of Comcast's promotional price for a slightly faster Internet speed.

  • Axalta Coating Systems reports 2Q loss Tuesday, 4 Aug 2015 | 8:33 AM ET

    PHILADELPHIA _ Axalta Coating Systems Ltd. on Tuesday reported a loss of $25.1 million in its second quarter. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share. Axalta Coating Systems shares have increased 23 percent since the beginning of the year.

  • Hill International tops 2Q profit forecasts Monday, 3 Aug 2015 | 4:42 PM ET

    PHILADELPHIA _ Hill International Inc. on Monday reported second-quarter profit of $4.4 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share. Hill International expects full-year revenue in the range of $650 million to $675 million.

  • Verizon workers to stay on job without new contract Sunday, 2 Aug 2015 | 12:44 AM ET

    NEW YORK— Verizon and unions representing workers in nine states said employees will work without a contract as more negotiations are scheduled. Marc Reed, Verizon's chief administrative officer, said the company is "disappointed" it was unable to reach an agreement with the unions despite "six weeks of good faith bargaining and a very strong effort by the...

  • Aug 1- Thousands of Verizon Communications Inc workers on the U.S. East Coast could strike on Sunday with no sign of an agreement as contract negotiations with unions went to the wire, a union spokeswoman said on Saturday. Verizon spokesman Rich Young said: "At this point, we remain committed to continuing to negotiate in good faith with our unions."

  • The Canadian researchers who created hitchBOT as a social experiment told The Associated Press that someone in Philadelphia damaged the robot beyond repair early Saturday, ending its first American tour after about two weeks. The kid-size robot set out to travel cross-country after successfully hitchhiking across Canada in 26 days last year and parts of...

  • PHILADELPHIA— The manufacturer of the jet that crashed on takeoff in Massachusetts last year, killing the co-owner of The Philadelphia Inquirer and six other people, has reported a problem with a fail-safe system that can allow the planes to reach high speeds on the runway even if they are prevented from taking off. Gulfstream Aerospace Corp. said in a document...

  • Prudential Bancorp posts 3Q profit Friday, 31 Jul 2015 | 5:12 PM ET

    PHILADELPHIA _ Prudential Bancorp Inc. on Friday reported earnings of $47,000 in its fiscal third quarter. Prudential Bancorp shares have risen 18 percent since the beginning of the year. Keywords: Prudential Bancorp, Earnings Report.

  • PHILADELPHIA— The husband of a technology executive killed when a speeding Amtrak train derailed in Philadelphia has sued the railroad for wrongful death. Rachel Jacobs was one of eight people killed May 12 when the train entered a sharp curve at more than twice the 50 mph speed limit. The 39- year-old mother of a 2- year-old son was in the first passenger car,...

  • *Facebook, Whole Foods fall after results. *Expedia, Amgen jump in extended trade. Procter& Gamble, Facebook and Whole Foods Market all fell after quarterly reports that left investors wanting more.

  • PHILADELPHIA— A news anchor said Thursday that authorities have wrongly accused her of a shady Porsche transaction in the indictment of her congressman husband. Renee Chenault-Fattah said she sold the car to a family friend for $18,000 because she and Fattah needed the money to close on a vacation home. "I know this was a legitimate sale," she wrote in a letter to...

  • Pope's upcoming visit inspires anxiety in Philadelphia Thursday, 30 Jul 2015 | 4:27 PM ET

    PHILADELPHIA— Pregnant women are calling up the mayor, concerned they won't be able to get to the delivery room. With official information scant just eight weeks before Pope Francis makes Philadelphia the centerpiece of his U.S. trip, rumors are swirling about massive security fencing and miles of street closures. "There are serious logistical problems for...

  • *Facebook, Whole Foods fall after results. *Expedia and LinkedIn jump in extended trade. Procter& Gamble, Facebook and Whole Foods Market all fell after quarterly reports that left investors wanting more.

  • *Facebook, Whole Foods fall after results. Procter& Gamble, Facebook and Whole Foods Market all fell after quarterly reports that left investors wanting more. "We've been stuck in a 3- percent band since almost the beginning of the year," said Warren West, principal at Greentree Brokerage Services in Philadelphia.

  • RAIT Financial reports 2Q results Thursday, 30 Jul 2015 | 9:51 AM ET

    PHILADELPHIA _ RAIT Financial Trust on Thursday reported a key measure of profitability in its second quarter, after reporting a loss in the same period a year earlier. The real estate investment trust, based in Philadelphia, said it had funds from operations of $11.9 million, or 15 cents per share, in the period. The company said it had net income of $19 million, or 21...

  • WASHINGTON, July 29- Daniel Hawke, a 16- year veteran at the Securities and Exchange Commission who helped lead major high-profile enforcement cases against stock exchanges and brokerages, is planning to leave the agency in August, the SEC announced on Wednesday. Hawke, who heads the SEC enforcement division's market abuse unit, is a well-known figure among...