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Top News & Analysis Philadelphia

  • the United States would stymie competition. 1/ 8 http://reut.rs/2kFULFa. Walgreens also reported better-than-expected profit and sales for the third quarter, helped by a rise in prescription volumes in its pharmacy business in the United States. The company also authorized a $5 billion buyback program and raised the bottom end of its full-year profit...

  • The New York- based company priced its initial public offering at the low end of its $10 to $11 per share estimate issued earlier in the day. It lowered the range from $15 to $17 after potential investors expressed concerns about the $13.7 billion Amazon deal as well as Blue Apron's marketing costs and lack of profitability, people familiar with the matter said.

  • The company lowered the IPO price range to $10 to $11 per share from its previous estimate of $15 to $17 per share after potential investors expressed concerns about Amazon's Whole Foods deal as well as Blue Apron's marketing costs and lack of profitability, people familiar with the matter said. Amazon already has a small meal-kit business, delivering...

  • NEW YORK, June 28- Long-dated U.S. Treasury prices weakened on Wednesday as central banks in Europe were deemed to strike a more hawkish tone, even after reports that markets had misinterpreted comments by European Central Bank President Mario Draghi on Tuesday. The big trigger of action this morning has been the walk back of Draghis more hawkish comments...

  • NEW YORK, June 28- Long-dated U.S. Treasury prices weakened on Wednesday as central banks in Europe were deemed to strike a more hawkish tone, even after reports that markets had misinterpreted comments by European Central Bank President Mario Draghi on Tuesday. The big trigger of action this morning has been the walk back of Draghis more hawkish comments...

  • *Company cuts IPO price range to $10- $11 per share. The move came after potential IPO investors pushed back against the New York- based company's valuation expectations, expressing concerns not just about the impact of Amazon's Whole Foods deal, but also about Blue Apron's costly marketing strategy and lack of profitability, people familiar with the matter...

  • NEW YORK, June 28- U.S. Treasury prices weakened on Wednesday, but came off their lows on reports that markets had misinterpreted comments by European Central Bank President Mario Draghi on Tuesday as being more hawkish than he had intended. The big trigger of action this morning has been the walk back of Draghis more hawkish comments yesterday, said Guy Le Bas,...

  • June 22- The S&P healthcare index rose 1 percent on Thursday, hitting its fifth consecutive record close following the release of Senate Republicans' bill to replace Obamacare, while financial and consumer staple shares ended lower. The legislation aims at curbing Medicaid funding and reshaping subsidies to low-income people for private insurance.

  • NEW YORK, June 20- World stock markets lost ground on Tuesday, pressured by a sharp drop in oil prices to their lowest in more than a year, while the U.S. dollar strengthened on hawkish comments from U.S. That slide weighed down energy stocks on Wall Street and in Europe. "What is amazing about this market is that we have been able to make new all-time highs with energy...

  • NEW YORK, June 19- U.S. stocks rose on Monday, with the S&P 500 and the Dow hitting record highs with growth sectors such as technology in favor again as investors appeared to regain confidence in the economy after upbeat comments from Federal Reserve officials. Amazon.com' s Friday announcement that it would buy Whole Foods and an upbeat tone from Federal Reserve...

  • *Fed's Dudley says tight labor market should push inflation up. NEW YORK, June 19- U.S. stocks rose on Monday, with the S&P 500 and the Dow Jones Industrial Average hitting record highs helped by a technology sector rebound and strength in healthcare and financial stocks. "valuations are not cheap but it doesn't seem to be a deterrent for buyers," said Mark Luschini,...

  • NEW YORK, June 15- Most U.S. Treasury yields edged higher on Thursday after stronger-than-expected U.S. economic data and as traders weighed hawkish Federal Reserve and Bank of England signals, but remained depressed as they did not fully reverse their biggest plunge in a month Wednesday. Initial claims for state unemployment benefits dropped 8,000 to a...

  • NEW YORK, June 12- BP PLC violated its supply contract when it sold oil to refiner Monroe Energy that was a blend of lower-valued Texas crude with premium varieties, Monroe alleged in a federal court filing last week. Monroe Energy, a subsidiary of Delta Air Lines that owns a 185,000 barrel-per-day refinery outside of Philadelphia, said the blending of lower...

  • Prospective home owners tour a home in Jurupa Valley, California.

    Buying a home used to be a good way to invest your money. Renting may now be a better option.

  • One Riverside, the first newly constructed condo tower in central Philadelphia in seven years, is seen from the Schuylkill River Park dog park, May 8, 2017.

    Both empty-nesters and young professionals are helping fuel a boom in multifamily housing in the country's big cities, N.Y. Times reports.

  • SEATTLE, June 5- Seattle's City Council voted on Monday to levy a special tax on sodas and other sugary beverages sold to consumers, becoming the latest of several local government bodies across the country to take such action for the sake of public health. Other localities that have adopted similar measures during the past few years include Philadelphia, San...

  • SEATTLE, June 5- Seattle's City Council voted on Monday to levy a special tax on sodas and other sugary beverages sold to consumers, becoming the latest of several local government bodies across the country to take such action for the sake of public health. Other localities that have adopted similar measures during the past few years include Philadelphia, San...

  • NEW YORK, June 5- Leaving your job soon and rolling over a 401 into an IRA? All of these transactions and more may be different next week, after new guidance from the U.S. Department of Labor is implemented. But once set in motion, the regulation was hard to unravel, says Jamie Hopkins, Retirement Income Program co-director at the American College of Financial Services.

  • NEW YORK, June 5- Leaving your job soon and rolling over a 401 into an IRA? All of these transactions and more may be different next week, after new guidance from the U.S. Department of Labor is implemented. But once set in motion, the regulation was hard to unravel, says Jamie Hopkins, Retirement Income Program co-director at the American College of Financial Services.

  • NEW YORK, June 5- Leaving your job soon and rolling over a 401 into an IRA? All of these transactions and more may be different next week, after new guidance from the U.S. Department of Labor is implemented. But once set in motion, the regulation was hard to unravel, says Jamie Hopkins, Retirement Income Program co-director at the American College of Financial Services.