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Top News & Analysis Philadelphia

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  • US Airways recently merged with American Airlines, which is based in Fort Worth, Texas. An American Airlines spokesman told the Pittsburgh Post-Gazette that Pittsburgh was skipped over because it's not a hub for the airline. Lauer said the ceremonial flight should have included Reagan National Airport in Washington, D.C., Pittsburgh and LaGuardia Airport in...

  • PHILADELPHIA— SEPTA is selling papal visit commuter train passes at select stations after an online lottery left about 20,000 unsold. Mayor Michael Nutter says commuter trains will operate on a weekend schedule Friday, Sept. 25. Suburban Station will be closed starting 10 p.m., Thursday, Sept. 24.

  • IOWA CITY, Iowa— The big health insurance companies picked to manage Iowa's $4.2 billion Medicaid program have promised to create hundreds of jobs in the state in the coming months, according to bidding documents released Thursday. UnitedHealthcare projected that it would increase its existing 400- employee staff in Iowa by about 250 people.

  • Aug 19- A federal appeals court on Wednesday refused to undo a central component of Tribune Co's bankruptcy plan in a defeat for prominent hedge fund Aurelius Capital Management LP, which claimed it was short-changed by the reorganization. By a 3-0 vote, the 3rd U.S. Circuit Court of Appeals in Philadelphia said letting Aurelius, a specialist in distressed debt,...

  • *Wal-Mart hits over 2 year low after weak results. Aug 18- U.S. stocks fell in early afternoon trading on Tuesday, dragged down by Wal-Mart's weaker-than-expected results and a selloff in energy and material shares on renewed fears about China. Wal-Mart fell as much as 3.3 percent to a nearly 2-1/ 2 year low of $69.55 after its weak results and forecast.

  • *Wal-Mart falls after weaker-than-expected results. Aug 18- U.S. stocks erased most of their losses in late morning trading on Tuesday, as strong results from Home Depot and strong housing data helped offset a slump in Chinese shares and Wal-Mart's weaker-than-expected results. Home Depot rose as much as 3.4 percent to a record high of $123.80 after the home...

  • Aug 17- Urban Outfitters Inc on Monday said same-store sales growth so far in the third quarter was slower than in the previous three months, raising concerns about the apparel retailer's performance in the back-to-school shopping season. Urban Outfitters' shares initially rose as much as 10 percent in extended trading after it reported a...

  • Former NAACP leader Julian Bond dies at 75 Sunday, 16 Aug 2015 | 3:42 AM ET
    Julian Bond.

    Julian Bond, a charismatic figure of the civil rights movement, died on Saturday night in Fort Walton Beach, Fla at 75, The NY Times reports.

  • Aug 12- A faulty compressor may be to blame for a shutdown at the 88,000- barrel-per= day gasoline-making fluid catalytic cracking unit at Philadelphia Energy Solutions' 335,000- bpd plant in Philadelphia, a source familiar with plant operations said on Wednesday. The 200,000 bpd capacity crude unit at the Girard Point section of the refinery is currently...

  • *Ukraine computer hackers stole corporate information. NEW YORK, Aug 11- An alliance of mainly U.S.-based stock traders and computer hackers in Ukraine made as much as $100 million in illegal profits over five years after stealing confidential corporate press releases, U.S. authorities said on Tuesday. Prosecutors said that hackers based in Ukraine...

  • Aug 10- Kraft Heinz Co, the packaged food company formed by the merger of ketchup maker H.J. Heinz Co and Kraft Foods Group Inc, said sales fell 4.9 percent at Kraft and 4.1 percent at ketchup maker Heinz in the last quarter before the merger was completed. Kraft Heinz shares declined 2.3 percent to $77.00 in after-hours trading. Kraft Heinz, whose brands include...

  • *Precision Castparts jumps after Berkshire deal. Buffett's Berkshire Hathaway said it would buy Precision Castparts in a deal valuing the company at $32.3 billion. Precision Castparts' shares jumped as much as 19.4 percent to $231.47, while Berkshire Class B shares dipped 0.2 percent to $143.27.

  • WASHINGTON, Aug 7- Only a small number of U.S. railroads will meet the Dec. 31 deadline for implementing new train safety technology that experts say would have prevented the deadly May 12 Amtrak derailment in Philadelphia, officials said on Friday. A report to Congress by the Federal Railroad Administration showed that just three out of 38 inter-city passenger,...

  • 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."

  • *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.

  • *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.

  • 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...

  • 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...

  • 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...