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Top News & Analysis Philadelphia

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  • *Baidu slumps after results miss expectations. The Nasdaq composite opened higher but turned negative shortly, dragged down by Baidu's 14.6 percent slump after China's biggest Internet search company's quarterly profit missed estimates. Wall Street sank on Monday after the steepest decline in Chinese stocks in eight years increased concerns about...

  • *Baidu slumps after results miss expectations. *Pfizer, Ford rise after results. Wall Street sank on Monday, for the fifth straight day, after the steepest decline in Chinese stocks in eight years increased concerns about slowing growth in the country.

  • WASHINGTON, July 24- U.S. authorities are investigating possible price gouging by four U.S. airlines while train service was disabled between New York and Washington after a deadly Amtrak crash in Philadelphia in May, the Transportation Department said on Friday. Transportation Secretary Anthony Foxx said the investigation involved Delta Air Lines Inc,...

  • WASHINGTON, July 24- U.S. authorities are investigating possible price gouging by four American airlines while train service was disabled between New York and Washington after a deadly Amtrak crash in Philadelphia in May, the Transportation Department said on Friday. Amtrak traffic between Washington and New York City was shut down for six days as a result.

  • WASHINGTON, July 24- The U.S. Transportation Department on Friday began an investigation of possible price gouging by four American airlines in the aftermath of a deadly Amtrak crash in Philadelphia in May. Transportation Secretary Anthony Foxx said the investigation would focus on the practices of Delta, American, Southwest and Jet Blue in the Northeast...

  • LAUNCHES PRICE- GOUGING INVESTIGATION OF FOUR U.S.

  • WASHINGTON— Transportation Secretary Anthony Foxx said Friday the government has opened a price-gouging investigation involving five airlines that allegedly raised airfares in the Northeast after a deadly Amtrak crash in Philadelphia in May disrupted rail service. The Transportation Department sent letters on Friday to Delta, American, United,...

  • PHILADELPHIA— Philadelphia's mass transit system is paying $500,000 a year for a company to build a site to sell special transit passes for Pope Francis' September visit. The Philadelphia Inquirer reports CapTech Consulting Inc. was awarded a three-year $1.5 million contract in March to perform information technology services for the Southeastern...

  • *Caterpillar falls after lower quarterly profit. July 23- Wall Street fell for the third straight day on Thursday following disappointing results and forecasts from companies including 3 M and Caterpillar, adding to U.S. profit concerns. "Companies such as Caterpillar are a litmus test for the global economy, especially at a time when the market is concerned...

  • *Gold lifted by softer dollar. American Express fell 3.2 percent to $76.40 as revenue missed expectations, while 3 M was down 3.4 percent at $150.09 after the diversified manufacturer cut its full-year forecast. "Companies such as Caterpillar are a litmus test for the global economy, especially when the market is concerned about China's economy," said Mark...

  • *Caterpillar falls after lower quarterly profit. July 23- Wall Street fell for the third straight day, with the Dow Jones industrial average lower for the year after disappointing results from bellwethers such as 3 M and Caterpillar. American Express fell 3.2 percent to $76.40 as revenue missed expectations while 3 M was down 3.4 percent at $150.09 after the...

  • *Gold lifted by softer dollar. Gold got a lift from the softer dollar and backed away from five-year lows to briefly trade above $1,100 an ounce, while oil prices held steady. "Companies such as Caterpillar are a litmus test for the global economy, especially when the market is concerned about China's economy," said Mark Luschini, chief investment strategist at...

  • *Caterpillar falls after lower quarterly profit. July 23- The Nasdaq composite and the S&P 500 were higher on Thursday after two days of losses, while the Dow Jones industrial average was at a week-low on disappointing results from bellwethers such as 3 M and Caterpillar. "Companies such as Caterpillar are a litmus test for the global economy especially at a time...

  • *Caterpillar falls after lower quarterly profit. July 23- The Nasdaq composite edged up on Thursday after two days of losses, while the S&P 500 and Dow were lower on weak earnings from bellwethers such as 3 M and Caterpillar. "Companies such as Caterpillar are a litmus test for the global economy especially when the market is concerned about China's economy," said...

  • *Caterpillar falls after lower quarterly profit. Caterpillar shares fell 2.73 percent to $77.65 in premarket trading after the world's largest construction and mining equipment maker reported a lower quarterly net profit as sales declined in key markets in a sluggish global economy. "Companies such as Caterpillar is a litmus test for the global economy...

  • Beneficial Mutual posts 2Q profit Thursday, 23 Jul 2015 | 8:24 AM ET

    PHILADELPHIA _ Beneficial Mutual Bancorp Inc. on Thursday reported second-quarter earnings of $7.1 million. The Philadelphia- based bank said it had earnings of 9 cents per share. Keywords: Beneficial Mutual Bancorp, Earnings Report.

  • World Meeting head says pope's economic impact growing Thursday, 23 Jul 2015 | 7:53 AM ET

    FAIRLESS HILLS, Pa.— The president of the World Meeting of Families says the estimate of the economic impact of Pope Francis' visit to Philadelphia in September continues to grow. KYW-TV says Bob Ciaruffoli told the Bucks County Chamber of Commerce on Wednesday that a study done by the group— which is hosting the pope— estimated the economic impact at $418 million.

  • Comcast meets 2Q profit forecasts Thursday, 23 Jul 2015 | 7:09 AM ET

    PHILADELPHIA _ Comcast Corp. on Thursday reported second-quarter net income of $2.14 billion. The average estimate of 17 analysts surveyed by Zacks Investment Research was also for earnings of 84 cents per share. Fourteen analysts surveyed by Zacks expected $18.13 billion.

  • NEW YORK— Despite a slowdown in subscriber growth, the Internet is still propelling Comcast. Comcast's Internet customers surpassed its cable customers in the second quarter for the first time ever, underscoring that the future of the industry is broadband. Fears about a larger Comcast's dominance of the high-speed Internet market led to the downfall in...

  • NEW YORK, July 22- U.S. long-dated Treasury yields fell to their lowest level in nearly two weeks on Wednesday on growing anticipation of a short-term interest rate hike by the Federal Reserve. Yields on 30- year Treasury bonds hit 3.03 percent, their lowest level since July 9 and also showed the biggest decline on the day of about four basis points.