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Top News & Analysis Philadelphia

  • 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.

  • 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.

  • SAN FRANCISCO, June 5- A lean issuance calendar in the municipal bond market is propping up debt prices for U.S. cities and states and will likely keep a floor under some of the markets wobbly sectors, even hospitals, according to data and analysts. Credit traditionally seen as more risky by investors, such as BBB-rated hospitals that rely heavily on...

  • SAN FRANCISCO, June 5- A lean issuance calendar in the municipal bond market is propping up debt prices for U.S. cities and states and will likely keep a floor under some of the markets wobbly sectors, even hospitals, according to data and analysts. Credit traditionally seen as more risky by investors, such as BBB-rated hospitals that rely heavily on...

  • A panel of the 3rd U.S. Circuit Court of Appeals in Philadelphia upheld the April 2016 dismissal of the cases by a lower court judge, who said the plaintiffs had not shown a plausible scientific link between Zoloft and the birth defects. The plaintiffs accused New York- based Pfizer of downplaying the risks to boost sales of Zoloft, which topped $3 billion annually...

  • A panel of the 3rd U.S. Circuit Court of Appeals in Philadelphia upheld the April 2016 dismissal of the cases by a lower court judge, who said the plaintiffs had not shown a plausible scientific link between Zoloft and the birth defects. The panel said the judge properly excluded testimony from Nicholas Jewell, a professor at the University of California at...

  • June 2- A federal appeals court on Friday upheld the dismissal of more than 300 lawsuits against Pfizer Inc, which alleged that its antidepressant Zoloft caused cardiac birth defects in children when taken by women during early pregnancy. The 3rd U.S. Circuit Court of Appeals in Philadelphia said a lower court judge acted within her discretion in excluding...

  • NEW YORK, June 2- Refiners from the Midwest United States are fighting for access to a vital Pennsylvania pipeline a move that could cripple their East Coast competitors and redraw the map for international flows of crude and fuel into coveted coastal markets. The plan would reverse the flow of fuels on a section of Buckeyes 350- mile Laurel Pipeline, which...

  • MINNEAPOLIS- Federal Reserve Bank of Minneapolis President Neel Kashkari gives brief welcome remarks before the first conference of the Opportunity and Inclusive Growth Institute in Minneapolis 1430 GMT. MINNEAPOLIS- Federal Reserve Board Governor Lael Brainard gives dinner speech before the first conference of the Opportunity and Inclusive Growth...

  • MINNEAPOLIS- Federal Reserve Bank of Minneapolis President Neel Kashkari gives brief welcome remarks before the first conference of the Opportunity and Inclusive Growth Institute in Minneapolis 1430 GMT. MINNEAPOLIS- Federal Reserve Board Governor Lael Brainard gives dinner speech before the first conference of the Opportunity and Inclusive Growth...

  • MINNEAPOLIS- Federal Reserve Bank of Minneapolis President Neel Kashkari gives brief welcome remarks before the first conference of the Opportunity and Inclusive Growth Institute in Minneapolis 1430 GMT. MINNEAPOLIS- Federal Reserve Board Governor Lael Brainard gives dinner speech before the first conference of the Opportunity and Inclusive Growth...

  • MINNEAPOLIS- Federal Reserve Bank of Minneapolis President Neel Kashkari gives brief welcome remarks before the first conference of the Opportunity and Inclusive Growth Institute in Minneapolis 1430 GMT. MINNEAPOLIS- Federal Reserve Board Governor Lael Brainard gives dinner speech before the first conference of the Opportunity and Inclusive Growth...

  • BRUSSELS- European Central Bank Executive Board Member Peter Praet will participate in the moderation of a high-level panel on "How to address the still low level of banking integration?" BRUSSELS- ECB Vice President Vitor Constancio will give a speech on "Banking union and capital markets union: Interaction and synergies" at the Joint ECB/European Commission...

  • BRUSSELS- European Central Bank Executive Board Member Peter Praet will participate in the moderation of a high-level panel on "How to address the still low level of banking integration?" BRUSSELS- ECB Vice President Vitor Constancio will give a speech on "Banking union and capital markets union: Interaction and synergies" at the Joint ECB/European Commission...

  • May 18- Billionaire hedge fund manager Leon Cooperman and his firm Omega Advisors Inc agreed on Thursday to pay $4.95 million to settle the U.S. Securities and Exchange Commission's insider trading lawsuit against them. Omega has also suffered, with assets under management falling to about $3.6 billion as of March 31 from about $5.4 billion when the SEC sued in...

  • May 18- Billionaire hedge fund manager Leon Cooperman and his firm Omega Advisors Inc agreed on Thursday to pay $4.95 million to settle the U.S. Securities and Exchange Commission's insider trading lawsuit against them. Omega has also suffered, with assets under management falling to about $3.6 billion as of March 31 from about $5.4 billion when the SEC sued in...

  • NEW YORK, May 18- U.S. That came after the U.S. Justice Department on Wednesday named former FBI chief Robert Mueller as special counsel to investigate alleged Russian interference in the election and possible collusion between the Trump campaign and Moscow. The risk going forward is that this thing goes on and on and we dont have a resolution, which means the new...

  • FRANKFURT- ECB Executive Board Member Yves Mersch and Bundesbank President Jens Weidmann deliver speeches at a symposium on payment systems of the Bundesbank. FRANKFURT- ECB governing council meeting, followed by interest rate announcement. FRANKFURT- European Central Bank Executive Board Member Yves Mersch will give speech on "Vision 2020 of the...