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Top News & Analysis Philadelphia

  • WASHINGTON, April 21- The U.S. Department of Justice threatened on Friday to cut off funding to California as well as eight cities and counties across the United States, escalating a Trump administration crackdown on so-called "sanctuary cities" that do not cooperate with federal immigration authorities. Those threatened include: the state of California; New...

  • BUFFALO, New York, April 21- Laicie Manzella lived in a rundown house on Buffalos east side when three of her children tested with dangerously high levels of lead in their blood. A Reuters investigation found at least four city zip codes here where 40 percent of children tested from 2006 to 2014 had high lead levels, making Buffalo among the most dangerous lead...

  • Investors pushed the company shares- the worst performer year-to-date on the Philadelphia semiconductor index- up 2.4 percent to $53.85 in after-market trading on Wednesday. San Diego- based Qualcomm also warned that it was unclear whether Apple's contract manufacturers would underpay royalties owed in the third quarter, leading to the wider-than-usual...

  • Qualcomm forecast current-quarter adjusted profit of $0.90- $1.15 per share and revenue of $5.3 billion- $6.1 billion. Analysts on average were expecting a profit of $1.09 per share and revenue of $5.94 billion, according to Thomson Reuters I/B/E/S. Revenue fell 9.6 pct to $5.02 billion in the second quarter ended March 26.

  • NEW YORK, April 19- Philadelphia Energy Solutions Inc, the largest refiner on the U.S. East Coast, will not be taking any rail deliveries of North Dakota's Bakken crude oil in June, a source familiar with delivery schedules said on Tuesday- a sign that the impending start of the Dakota Access Pipeline is upending trade flows. "Unless there's an unforeseen event, like a...

  • BP declined to comment further on the case and Monroe could not be immediately reached. Monroe has yet to respond to the allegations in court. Monroe agreed to pay $8.35 above the U.S. benchmark price for Eagle Ford and $7.35 above the U.S. benchmark for Bakken deliveries, according to the lawsuit.

  • BP declined to comment further on the case and Monroe could not be immediately reached. Monroe has yet to respond to the allegations in court. The dispute with Monroe marks at least the second time in the past two years that BP has been accused by a refiner of supplying lesser-grade crudes.

  • NEW YORK, April 17- BP Plc has accused Monroe Energy of wrongfully terminating a crude supply contract in 2016, according to a federal court filing. Monroe Energy inked a three-year contract with BP in August 2014 to supply the company's 185,000 barrel-per-day refinery outside Philadelphia with crude oil from the Eagle Ford or Bakken shale fields, according...

  • NEW YORK, April 13- T-Mobile US Inc bid $8 billion and Dish Network Corp $6.2 billion to win the bulk of broadcast airwaves spectrum for sale in a government auction, the U.S. Federal Communications Commission said on Thursday. The two carriers accounted for most of the $19.8 billion in winning bids, the FCC said. The FCC said 175 broadcast stations were selling...

  • *Oil gains on Syria uncertainty, Libya oilfield shutdown. NEW YORK, April 10- Oil futures rose on Monday due to uncertainty on the situation in Syria, one of several risk concerns that helped cap stock gains and send U.S. Jitters about the upcoming French presidential election, North Korea and U.S.- Syria tensions underpinned safe-haven demand for safer U.S....

  • *Investors wary of developments in Europe, Syria, North Korea. Treasury yields fell on Monday as jitters about the French presidential election, concerns about North Korea and tension between U.S. and Syria underpinned safe-haven demand for U.S. government debt. Polls released on Monday showed a tight first-round French presidential contest on April 23, led by...

  • *Investors wary of developments in Europe, Syria, North Korea. Treasury yields fell on Monday as jitters about the French presidential election, concerns about North Korea and tension between U.S. and Syria underpinned safe-haven demand for U.S. government debt. Polls released on Monday showed a tight first-round French presidential contest on April 23, led by...

  • April 10- Big U.S. lenders are expected to report another round of uninspiring quarterly results this week, which analysts said could dampen a "Trump rally" in bank stocks fueled by expectations the new president would lighten financial regulation and boost the economy. Of particular concern is a recent slowdown in loan growth, driven partly by an uptick in...

  • April 10- Big U.S. lenders are expected to report another round of uninspiring quarterly results next week, which analysts said could dampen a "Trump rally" in bank stocks fueled by expectations the new president would lighten financial regulation and boost the economy. Of particular concern is a recent slowdown in loan growth, driven partly by an uptick in...

  • NEW YORK, April 6- Comcast Corp on Thursday unveiled a wireless service with an unlimited data plan, making it the first major U.S. cable provider to enter the highly competitive wireless market. Unlimited data, talk and text will be available by mid-year for $65 per line for up to five lines, or $45 per line for customers with Comcast's top X1 packages, which bundle TV,...

  • NEW YORK, April 6- Comcast Corp on Thursday unveiled a wireless service with an unlimited data plan, making it the first major U.S. cable provider to enter the highly competitive wireless market. Unlimited data, talk and text will be available by mid-year for $65 per line for up to five lines, or $45 per line for customers with Comcast's top X1 packages, which bundle TV,...

  • NEW YORK, April 6- Comcast Corp, facing pressure in its core business, said on Thursday it is launching a wireless service with an unlimited data plan, making it the first major U.S. cable provider to enter the highly competitive wireless market. Shares of Comcast climbed 2 percent, or 84 cents, to $38.18 in early New York Stock Exchange trading. Unlimited data, talk and...

  • NEW YORK, April 6- Comcast Corp said on Thursday it is launching a new wireless service with an unlimited data plan, making it the first major U.S. cable provider to enter into the highly competitive wireless market, as it faces pressure in its core business. Unlimited data, talk and text will be available by mid-year for $65 per line for up to five lines, or $45 per line...

  • Cooperman and his firm Omega Advisors Inc are seeking to reverse a March 20 ruling that let the SEC pursue civil claims that Cooperman and Omega reaped about $4.09 million of profit in 2010 by trading in Atlas Pipeline Partners LP based on confidential tips from an Atlas executive about a planned asset sale. The SEC did not immediately respond on Wednesday to...

  • April 4- U.S. stocks were little changed on Tuesday, trading in a tight range, as investors stayed on the sidelines ahead of the first-quarter earnings season and fretted over the ability of President Donald Trump to deliver on his policy plans. Retail stocks swooned after Ralph Lauren said it was shutting its flagship Fifth Avenue store in New York and cutting...