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Top News & Analysis Philadelphia

  • NEW YORK, Nov 18- U.S. stocks were lower on Friday afternoon, with health stocks leading the declines, as investors cashed in on a post-election rally and waited for clarity on the next administration's policies. U.S. stocks have generally been rising since Donald Trump's surprise victory in the presidential election last week as his proposals to increase...

  • PHILADELPHIA, Nov 16- The Federal Reserve must retain its independence from America's political life and policymakers will not change course due to shifts in public opinion, Philadelphia Fed President Patrick Harker said on Wednesday. Republican Donald Trump's victory in the Nov. 8 U.S. presidential election has raised questions over whether the new...

  • LONDON, Nov 16- Two former corporate investigators have sued GlaxoSmithKline, alleging the drugmaker misled them and induced them to investigate an innocent person, resulting in their imprisonment. The complaint, filed with the U.S. District Court in Philadelphia and made public on Wednesday, was brought by Peter Humphrey, who is British, and his American wife,...

  • LONDON- Federal Reserve Bank of St. Louis President James Bullard participates in panel, "Monetary Policy after QE: Helicopter Money or Back to Raising Rates?" NEW YORK- The Federal Reserve Bank of New York, the Board of Governors of the Federal Reserve System, and the Freelancers Union convene a forum titled "The Evolution of Work". Speakers include William Dudley,...

  • LONDON- Federal Reserve Bank of St. Louis President James Bullard participates in panel, "Monetary Policy after QE: Helicopter Money or Back to Raising Rates? NEW YORK- The Federal Reserve Bank of New York, the Board of Governors of the Federal Reserve System, and the Freelancers Union convene a forum titled "The Evolution of Work. "Speakers include William Dudley,...

  • TUESDAY, NOVEMBER 15 MELBOURNE- Reserve Bank of Australia to publish the minutes of its November policy meeting- 0030 GMT. LONDON- Federal Reserve Bank of St. Louis President James Bullard participates in panel, "Monetary Policy after QE: Helicopter Money or Back to Raising Rates? NEW YORK- The Federal Reserve Bank of New York, the Board of Governors of the Federal...

  • TUESDAY, NOVEMBER 15 MELBOURNE- Reserve Bank of Australia to publish the minutes of its November policy meeting- 0030 GMT. LONDON- Federal Reserve Bank of St. Louis President James Bullard participates in panel, "Monetary Policy after QE: Helicopter Money or Back to Raising Rates?" NEW YORK- The Federal Reserve Bank of New York, the Board of Governors of the Federal...

  • Nov 14- Nasdaq Inc said on Monday that its long-time chief executive Robert Greifeld would retire and that Adena Friedman, president and chief operating officer, would become CEO as of Jan. 1. Greifeld, 59, has headed the trans- Atlantic stock exchange operator since 2003 and wrote his graduate thesis on the operation of the exchange. Under Greifeld, Nasdaq grew...

  • Nov 14- Nasdaq Inc said on Monday that its long-time chief executive Robert Greifeld would retire and that Adena Friedman, president and chief operating officer, would become CEO as of Jan. 1. Current chairman Borje Ekholm will remain on the board. Under Greifeld, Nasdaq grew through a string of acquisitions, including OMX Group, INET, the Philadelphia and Boston...

  • "I think all we're doing is trimming our sails a little from the violently positive rally we had post-election results last week," said Mark Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia. The tech-heavy Nasdaq Composite has been under pressure since the Nov. 8 election as investors poured money into sectors such as...

  • University of Pennsylvania

    Microsoft is investigating the UPenn racist cyberbullying incident last week tied to its GroupMe messaging product.

  • WICHITA FALLS, Texas- Federal Reserve Bank of Dallas President Robert Kaplan participates in moderated Q&A before the Wichita Falls 26th Annual Economic Forum. TUESDAY, NOVEMBER 15 MELBOURNE- Reserve Bank of Australia to publish the minutes of its November policy meeting- 0030 GMT. LONDON- Federal Reserve Bank of St. Louis President James Bullard participates...

  • WICHITA FALLS, Texas- Federal Reserve Bank of Dallas President Robert Kaplan participates in moderated Q&A before the Wichita Falls 26th Annual Economic Forum. TUESDAY, NOVEMBER 15 MELBOURNE- Reserve Bank of Australia to publish the minutes of its November policy meeting- 0030 GMT. "LONDON- Federal Reserve Bank of St. Louis President James Bullard participates...

  • WICHITA FALLS, Texas- Federal Reserve Bank of Dallas President Robert Kaplan participates in moderated Q&A before the Wichita Falls 26th Annual Economic Forum. TUESDAY, NOVEMBER 15 MELBOURNE- Reserve Bank of Australia to publish the minutes of its November policy meeting- 0030 GMT. LONDON- Federal Reserve Bank of St. Louis President James Bullard participates...

  • WICHITA FALLS, Texas- Federal Reserve Bank of Dallas President Robert Kaplan participates in moderated Q&A before the Wichita Falls 26th Annual Economic Forum. TUESDAY, NOVEMBER 15 MELBOURNE- Reserve Bank of Australia to publish the minutes of its November policy meeting- 0030 GMT. "LONDON- Federal Reserve Bank of St. Louis President James Bullard participates...

  • *Financial sector logs biggest two-day gain since 2011. *Tech falls as investors shift to infrastructure. Nov 10- U.S. banking sector shares on Thursday surged to levels not seen since the midst of the 2008 financial crisis, pushing the Dow to an all-time high, while technology shares sank as Wall Street rearranged its bets to benefit from Donald Trump's...

  • *Tech weakness weighs on Wall Street. NEW YORK, Nov 10- A rally in major world stock markets lost some steam on Thursday despite a continued surge in bank shares, as investors reassessed positions, while U.S. bond yields continued to climb on the likelihood of inflation under President-elect Donald Trump's proposed fiscal policy. Wall Street also retreated from...

  • *Financial sector on track for biggest two-day gain since 2011. *Tech falls as investors shift to infrastructure. Nov 10- Bank stocks and industrials surged on Thursday while Apple and other technology shares sank as Wall Street rearranged its bets to benefit from Donald Trump's presidency.

  • The votes on so-called soda taxes in San Francisco, Albany and Oakland in California and in Boulder, Colorado, came a month after the World Health Organization recommended governments impose such taxes to battle obesity, diabetes and other diet-related diseases. Larry Tramutola, a California political strategist who organized the pro-tax campaigns in San...