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Top News & Analysis Philadelphia

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  • 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.

  • Iowa picks 4 vendors to take over $4.2 B Medicaid program. Iowa picks 4 companies to run $4.2 B Medicaid program, in major shift sought by GOP governor. IOWA CITY, Iowa— Four national companies will take over management of Iowa's $4.2 billion Medicaid program under an overhaul that will affect how nearly one in five Iowans receives health care, state officials...

  • *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...

  • WASHINGTON— U.S. builders started work on single-family houses last month at the fastest pace since the Great Recession began in late 2007.. Housing starts in July rose 0.2 percent to a seasonally adjusted annual rate of 1.21 million homes, the Commerce Department said Tuesday. "More housing starts means more construction jobs as well as confidence from real...

  • 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...

  • Urban Outfitters edges lower in aftermarket trading Monday, 17 Aug 2015 | 4:06 PM ET

    PHILADELPHIA— Shares of Urban Outfitters slipped in late trading as the clothing and accessories retailer gave a mixed view of its business, saying sales at its stores have slowed down in August. For the second quarter in a row, Urban Outfitters said its profit fell because it spent more money on direct-to-consumer sales and moved an order fulfillment center.

  • With as many as 70 oil trains rumbling across Pennsylvania each week, the administration of Gov. CSX and Norfolk Southern carry huge volumes of crude through Pennsylvania to refineries in Philadelphia and elsewhere. CSX and Norfolk Southern already follow many of the best practices identified in the report.

  • Eradication spells misery for Peru's coca farmers Monday, 17 Aug 2015 | 12:03 AM ET

    NUEVO CANAVERAL, Peru— Edma Duran uses a machete to salvage what leaves she can from the family's coca plot, which government workers have just destroyed in a record-breaking U.S.-backed eradication campaign that has affected roughly a half million Peruvians. Peru nevertheless remains the world's top cocaine-producing nation, and its most dense coca...

  • 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.