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  • Feb 10- Wall Street was on track to snap a three-day losing run on Wednesday after comments by Federal Reserve Chair Janet Yellen eased investor concerns about the capacity of the economy to absorb a gradual rise in interest rates. Yellen acknowledged that tightening financial conditions and uncertainty about China posed risks to the U.S. economy, but told...

  • NEW YORK, Feb 10- Stock indexes worldwide rebounded on Wednesday after concerns eased about the banking sector and Federal Reserve Chair Janet Yellen said the U.S. central bank has plenty of flexibility to adjust monetary policy if needed. Yellen's testimony to Congress boosted sentiment. "What Yellen said has been taken positively," said Richard Sichel, chief...

  • PHILADELPHIA— Philadelphia's Love Park, and its namesake Robert Indiana statue, are gearing up for some sprucing up. Kathryn Ott Lovell, the city's parks and recreation commissioner, says the iconic LOVE statue will be moved across the street to City Hall's Dilworth Plaza in the next few weeks. The new Love Park will have more green space, a new fountain and a food...

  • PHILADELPHIA _ Aramark Holdings Corp. on Wednesday reported fiscal first-quarter earnings of $93.3 million. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 50 cents per share. Three analysts surveyed by Zacks expected $3.7 billion.

  • PHILADELPHIA _ Axalta Coating Systems Ltd. on Wednesday reported fourth-quarter net income of $38.6 million, after reporting a loss in the same period a year earlier. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share. Axalta Coating Systems shares have fallen 18 percent since the beginning of...

  • PHILADELPHIA— Philadelphia's mayor is donating his suite at Friday's sold-out Bruce Springsteen concert to a school district fundraising group. The Fund for the School District of Philadelphia is offering Democratic Mayor Jim Kenney's suite tickets for $556 each on its website and says proceeds will support public education. She says he also will donate...

  • *U.S. banks follow European peers lower. Feb 8- U.S. stocks dropped on Monday as concern over global growth hit banks and other economically sensitive shares, although a late rally in energy shares left the market well above its lows of the day. It is down more than 20 percent from its July 2015 high, confirming the sector is in the grip of a bear market.

  • NEW YORK, Feb 8- U.S. bank stocks and bonds took a pounding on Monday as recession fears compounded concern about their exposure to the energy sector and expectations that global interest rates are unlikely to rise quickly. I think that's what financials are reflecting- that their net interest margins are going to be further compressed under collapsing bond...

  • *U.S. banks follow European peers lower. Feb 8- U.S. stocks dropped on Monday as concern over global growth hit banks and other economically sensitive shares, but a late rally in energy shares left the market well above its lows of the day. I think that's what financials are reflecting- that their net interest margins are going to be further compressed under...

  • 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.