Top News & Analysis Philadelphia

  • PHILADELPHIA _ Lannett Co. on Tuesday reported fiscal fourth-quarter net income of $3.6 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share. Lannett expects full-year revenue in the range of $690 million to $700 million.

  • NORTH MIAMI, Fla.— North Miami, following in the steps of cities such as New York, San Francisco and Washington, plans to create a Chinatown arts and business district next year. Despite a small Asian population, the city council wants to build Chinatown from the ground up, though some business owners in the area say there is already an unofficial Chinatown with...

  • But what can appear a surefire hit in the mountains of Sundance can turn into an expensive headache on the way to theaters. As Nate Parker's "The Birth of a Nation" continues to be enveloped in a rape case from 1999, Fox Searchlight— the art-house studio that plunked down a Sundance Film Festival record of $17.5 million for the distribution rights to the Nat Turner...

  • WASHINGTON— Many commuter and freight railroads have made little progress installing safety technology designed to prevent deadly collisions and derailments despite a mandate from Congress, according to a government report released Wednesday. The Federal Railroad Administration report shows that while some railroads have made substantial progress,...

  • *2nd- qtr profit $0.66 vs est. *Sales $890.6 mln vs est. The Philadelphia- based retailer said comparable sales at the Urban Outfitters line, the company's second-biggest brand by sales, rose 5 percent, handily beating the 1.10 percent analysts on average had expected.

  • The Philadelphia- based retailer said second-quarter comparable sales at the Urban Outfitters line, the company's second-biggest brand by sales, grew 5 percent, handily beating the 1.10 percent analysts on average had expected. Net income rose to $76.9 million, or 66 cents per share, from $66.8 million, or 52 cents per share, a year earlier. Analysts on average had...

  • PHILADELPHIA _ Urban Outfitters Inc. on Tuesday reported fiscal second-quarter earnings of $76.9 million. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share. Urban Outfitters shares have risen 37 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed roughly 7...

  • *Philadelphia semiconductor index hits 16- year high. Shares of Xylem rose 3.9 percent to $50.32 after the water technology company said it would buy Sensus USA for about $1.7 billion in cash. "We're moving from an interest-rate-driven bull market to an earnings-driven secular bull market," said Jeffrey Saut, chief investment strategist at Raymond James...

  • *Philadelphia semiconductor index hits 16- year high. Shares of Xylem rose 3.9 percent to $50.32 after the water technology company said it would buy Sensus USA for about $1.7 billion in cash. "We're moving from an interest-rate-driven bull market to an earnings-driven secular bull market," said Jeffrey Saut, chief investment strategist at Raymond James...

  • *Philadelphia semiconductor index hits 16- year high. Aug 15- U.S. stocks rose again to all-time highs on Monday, extending their record-setting climb of the past few weeks as a rally in oil lifted energy shares, while materials also gained. "We're moving from an interest-rate-driven bull market to an earnings-driven secular bull market," said Jeffrey Saut, chief...

  • NEW YORK, Aug 14- A data breach at 20 U.S. hotels operated by HEI Hotels& Resorts for Starwood, Marriott, Hyatt and Intercontinental may have divulged payment card data from tens of thousands of food, drink and other transactions, HEI said on Sunday. About 8,000 transactions occurred during the affected period at the Hyatt Centric Santa Barbara hotel in California,...

  • PHILADELPHIA— Almost one in five trains on the regional rail transit lines serving the Philadelphia metropolitan area were late last year, the worst performance of the decade— and that was before one-third of the Southeastern Pennsylvania Transportation Authority's fleet was sidelined by structural problems, according to a Philadelphia newspaper.

  • *U.S. retail sales, inflation data come in soft. NEW YORK, Aug 12- Soft U.S. economic data weighed on the dollar and Treasury yields on Friday and pressured stock prices, but Wall Street's losses were mitigated by continued gains in oil prices and the Nasdaq inched up for a second straight record high. "That was certainly the headline; I think it spooked a lot of investors...

  • The Cherry Hill Mall asked Amir Miller to stop selling the $20 shirts because they were considered offensive. Miller, who's from Philadelphia, said he designed the shirts in response to police shootings that killed two black men in Louisiana and Minnesota. "What happened to him was unfortunate and never should have happened," Kevin Feeley, a spokesman for...

  • *10- year yields fall to lowest level since Aug. 1. NEW YORK, Aug 12- Benchmark U.S. "The relationship is pretty straightforward, with low inflation and low growth comes lower interest rates," said Guy LeBas, chief fixed income strategist at Janney Montgomery Scott LLC in Philadelphia.

  • *Wall St edges lower after hitting record peaks. *Europe stock index falls as miners weigh. NEW YORK, Aug 12- U.S. stock indexes pulled back on Friday from record peaks amid soft U.S. economic data that also weighed on the dollar and Treasury yields and tempered expectations of a near-term rise in U.S. interest rates.

  • Larry Hajna, a spokesman for the New Jersey Department of Environmental Protection, said the agency wasn't told about it until Tuesday— a week later. The agency immediately reported it to the Coast Guard, he said. He said the Coast Guard is investigating why it wasn't immediately reported.

  • *Wall St edge lower after hitting record peaks. NEW YORK, Aug 12- Key U.S. and European stock indexes slipped modestly on Friday, a day after U.S. equities hit record peaks, amid soft U.S. economic data that also tempered expectations of a near-term interest rate hike and weighed on the dollar and Treasury yields. "The retail sales number was not robust, giving a little...

  • *10- year yields fall to lowest since Aug. 1. NEW YORK, Aug 12- Benchmark U.S. "The relationship is pretty straightforward, with low inflation and low growth comes lower interest rates," said Guy LeBas, chief fixed income strategist at Janney Montgomery Scott LLC in Philadelphia.

  • NEW YORK— When Terina McKinney displays her leather bags and belts at events attended primarily by black women, they are often interested in her designs, and in her experience as an African-American business owner. "They all ooh and ahh and ask a ton of questions, but don't necessarily make purchases," says McKinney, whose Jypsea Leathergoods products range from...