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Top News & Analysis Philadelphia

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  • 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 on 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...

  • Independence Realty Trust reports 2Q results Wednesday, 29 Jul 2015 | 8:09 AM ET

    PHILADELPHIA _ Independence Realty Trust Inc. on Wednesday reported a key measure of profitability in its second quarter. The Philadelphia- based real estate investment trust said it had funds from operations of $6.3 million, or 19 cents per share, in the period. The company said it had net income of $337,000, or 1 cent per share.

  • Pennsylvania Real Estate reports 2Q results Tuesday, 28 Jul 2015 | 7:21 PM ET

    The average estimate of five analysts surveyed by Zacks Investment Research was for funds from operations of 42 cents per share. Three analysts surveyed by Zacks expected $105.1 million. Pennsylvania Real Estate expects full-year funds from operations in the range of $1.84 to $1.89 per share.

  • CSS Industries reports 1Q loss Tuesday, 28 Jul 2015 | 5:51 PM ET

    PHILADELPHIA _ CSS Industries Inc. on Tuesday reported a loss of $3.1 million in its fiscal first quarter. CSS Industries shares have increased 8 percent since the beginning of the year. Keywords: CSS Industries, Earnings Report.

  • NEW YORK, July 28- U.S. The rout in China's stock market has heightened concern that the world's second-largest economy is heading for trouble despite emergency measures by the government to prop up prices, and has increased the attractiveness of relatively safe U.S. government bonds. "Treasuries selling started with the overnight trading after Chinese...

  • Scott Walker got his sandwich orders right as he made a swing through Philadelphia on Tuesday. Stopping for a cheesesteak is a must for any Philadelphia visitor, politicians included. Presidents Barack Obama in 2010 and George W. Bush in 2004 followed tradition and ordered theirs with Whiz.

  • What's in the 6-year Senate transportation bill Tuesday, 28 Jul 2015 | 3:55 PM ET

    WASHINGTON— The Senate is moving toward the likely passage this week of a sweeping, six-year transportation bill, but the House is putting off consideration of the measure until this fall. Industry officials said the $350 billion Senate bill isn't ideal— not as much money as they would like and only three of the six years paid for— but they are desperate for at least...

  • Republic First posts 2Q profit Tuesday, 28 Jul 2015 | 2:27 PM ET

    PHILADELPHIA _ Republic First Bancorp Inc. on Tuesday reported net income of $533,000 in its second quarter. The Philadelphia- based bank said it had earnings of 1 cent per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • NEW YORK, July 28- U.S. The rout in China's stock market has heightened concern that the world's second-largest economy is heading for trouble despite emergency measures by the government to prop up prices. "Treasuries selling started with the overnight trading after Chinese equities bounced off their lows, and that helped release some of the safe-haven bid in...