Top News & Analysis Philadelphia

  • NEW YORK, Sept 8- U.S. prosecutors on Thursday announced criminal fraud charges against two former American Realty Capital Properties Inc executives stemming from a 2014 accounting scandal that wiped out roughly $4 billion of the real estate investment trust's market value. Former Chief Financial Officer Brian Block, 44, was charged with six criminal...

  • Sept 2- Hundreds of banana farmers from Central America and South America will again have their day in court, after a U.S. appeals court on Friday revived six lawsuits accusing several big fruit and chemical companies of sickening them with a toxic pesticide. By an 11-0 vote, the 3rd U.S. Circuit Court of Appeals in Philadelphia revived claims by 228 farmers from...

  • Hermine, which came ashore in Florida as a hurricane on Friday, had churned up the southeastern seaboard as a tropical storm before being reclassified on Saturday as a post-tropical cyclone. A tropical storm warning remained in effect Sunday night from the Delaware and New Jersey shores north to New York's Long Island and beyond to Martha's Vineyard and...

  • NEW YORK, Sept 4- Storm Hermine lurked off the U.S. Middle Atlantic Coast on Sunday, threatening to regain hurricane strength after carving a path of destruction through the South while so far sparing the Northeast from the worst of its wind, rain and sea surge. The storm, which claimed at least two lives, in Florida and North Carolina, had sustained winds of nearly 70...

  • NEW YORK, Sept 4- Storm Hermine churned off the U.S. Middle Atlantic Coast on Sunday, threatening to regain hurricane strength after carving a path of destruction through the South while so far sparing the Northeast from the worst of its wind, rain and sea surge. The storm, which claimed at least two lives, in Florida and North Carolina, is expected to stall off the...

  • NEW YORK, Sept 2- U.S. Friday's Labor Department report showed U.S. employers added 151,000 jobs in August, missing the 180,000 mark expected by economists polled by Reuters. "We're in a low-expectation environment and these numbers are still positive," said Ellis Phifer, market strategist at Raymond James in Memphis, Tennessee.

  • Sept 2- Hundreds of banana farmers from Central America and South America will again have their day in court, after a U.S. appeals court on Friday revived six lawsuits accusing several big fruit and chemical companies of sickening them with a toxic pesticide. By an 11-0 vote, the 3rd U.S. Circuit Court of Appeals in Philadelphia revived claims by 228 farmers from...

  • Sept 2- The U.S. Centers for Disease Control and Prevention said on Friday that it had granted $2.4 million to five jurisdictions to help combat the spread of Zika virus. The funding for Chicago, Houston, New York City, Philadelphia, and Los Angeles County is in addition to $16.4 million awarded to various states and territories. In recent weeks, U.S. authorities...

  • CDC AWARDS $2.4 MLN TO FIVE JURISDICTIONS TO FIGHT. *Awards $2.4 million to five jurisdictions to fight Zika. *Has awarded $2.4 million to Chicago, Houston, New York City, Philadelphia, and Los Angeles County.

  • CDC- HAS AWARDED $2.4 MILLION TO CHICAGO, HOUSTON, NEW YORK CITY, PHILADELPHIA, AND LOS ANGELES COUNTY.

  • *2- year yields fall to lowest since Aug. 23. NEW YORK, Sept 2- U.S. "It was obviously lower than expected, which goes counter to in September, but it doesn't necessarily count them out for the year," said Ellis Phifer, market strategist at Raymond James in Memphis, Tennessee.

  • *2- year yields fall to lowest since Aug. 23. NEW YORK, Sept 2- U.S. "It was obviously lower than expected, which goes counter to in September, but it doesn't necessarily count them out for the year," said Ellis Phifer, market strategist at Raymond James in Memphis, Tennessee.

  • NEW YORK, Sept 1- Ferrellgas Partners LP has quietly shed a five-year contract at a Philadelphia- area crude rail terminal just a year after it obtained it through a deal that gave the propane company its first foothold in the oil logistics business. The quiet sale raises questions about how transparent Ferrellgas has been with investors about developments...

  • NEW YORK, Aug 29- U.S. stocks rose on Monday, helped by gains in financial shares after comments from top Federal Reserve officials on Friday bolstered expectations for an interest rate hike from the U.S. central bank this year, while European shares dipped and the dollar rose. Fed Chair Janet Yellen said the case for a rate increase was strengthening, but provided...

  • Firefighters battle blaze at Philadelphia church

    CNBC's Sara Eisen on the latest on the two-alarm fire in Philadelphia.

  • NEW YORK, Aug 26- U.S. Treasury yields rose to more than one-month highs on Friday as investors considered whether the Federal Reserve is likely to raise interest rates at its September meeting, after hawkish but noncommittal comments Speaking at the annual gathering of central bankers in Jackson Hole, Wyoming, Yellen said the case for a U.S. interest rate...

  • NEW YORK, Aug 26- U.S. Treasuries prices fell on Friday as investors evaluated whether the Federal Reserve is likely to raise interest rates at its September meeting, following hawkish but still noncommittal comments by Fed Chair Janet Yellen. No, it's just maintaining optionality, "said Gennadiy Goldberg, an interest rate strategist at TD Securities in New York.

  • *Yield curve flattest since March 2015. NEW YORK, Aug 26- U.S. No, its just maintaining optionality, "said Gennadiy Goldberg, an interest rate strategist at TD Securities in New York."

  • *2nd- qtr profit $0.66 vs est. *Sales $890.6 mln vs est. The Philadelphia- based retailer said comparable sales at the Urban Outfitters line, the company's second-biggest brand by sales, rose 5 percent, handily beating the 1.10 percent analysts on average had expected.

  • The Philadelphia- based retailer said second-quarter comparable sales at the Urban Outfitters line, the company's second-biggest brand by sales, grew 5 percent, handily beating the 1.10 percent analysts on average had expected. Net income rose to $76.9 million, or 66 cents per share, from $66.8 million, or 52 cents per share, a year earlier. Analysts on average had...