Top News & Analysis Pennsylvania

  • *Disney plans additional 40 stores by Oct 2020. Disney stores will launch inside Target in major cities such as Philadelphia, Denver and Chicago. Guests can browse and purchase Disney store specialty merchandise from Disney, Pixar, Marvel and Star Wars, at select Target locations, the Target statement said.

  • Steel said on Friday it will idle a plant in Indiana by mid-November as part of the consolidation of its till mill operations in the United States, a move which could result in lay-offs for nearly 150 employees. The news comes days after the Pittsburgh- based company revealed its plans to let go of up to 200 workers at its Great Lakes facility in Michigan.

  • *China unveils retaliatory tariffs on U.S. goods. Aug 23- U.S. stock indexes slumped nearly 2% on Friday after President Donald Trump told U.S. companies they should look for ways to close their China operations, following Beijing's announcement that it would impose retaliatory tariffs on U.S. goods. Trump's assertion that the U.S. would be "far better off" without...

  • Aug 23- Hopes for an early settlement of the yearlong U.S.- China trade war dimmed this week after the United States accused China of manipulating its currency, and U.S. Over the past year, Washington has imposed 25% tariffs on $250 billion worth of Chinese products, and Trump has announced new tariffs on the remaining $300 billion of Chinese imports to take...

  • *China unveils retaliatory tariffs on U.S. goods. Aug 23- Wall Street's three main indexes lost more than 1% on Friday after President Donald Trump ordered U.S. companies "to immediately start looking for an alternative to China" in response to Beijing's threat to impose retaliatory tariffs on U.S. goods. Earlier in the day, China vowed to impose additional tariffs...

  • *China unveils retaliatory tariffs on U.S. goods. Aug 23- U.S. stocks fell on Friday after China threatened to impose additional tariffs on $75 billion worth of U.S. goods, ahead of a highly anticipated speech from Federal Reserve Chair Jerome Powell. China's latest tariffs, which follow U.S. duties on $300 billion worth of Chinese goods, threaten to prolong an...

  • LONDON, Aug 22- U.S. refineries have cut the volume of crude processed so far this year, but stocks of gasoline and distillates remain ample, highlighting the slack demand for transportation fuels. U.S. refineries have reduced crude input by an average of 247,000 barrels per day since the start of the year compared with the same period in 2018, according to data...

  • WASHINGTON, Aug 20- Subsidized steel rack imports from China have materially harmed U.S. industry, the U.S. International Trade Commission found on Tuesday, locking in the Trump administration's duties on such products in the worsening U.S.- China trade war. The U.S. Commerce Department last month said it had concluded that exporters from China had sold steel...

  • NEW YORK, Aug 20- General Electric Co ranks among the riskiest backers of long-term care insurance, suffering from both high exposure to claims and a relatively small cash pile to pay them, Fitch Ratings said in a report on Tuesday. The Fitch report, which the credit rating agency produces annually, echoed concerns raised last week by financial investigator Harry...

  • NEW YORK, Aug 20- General Electric Co ranks among the riskiest backers of long-term care insurance, suffering from both a high exposure to claims and a relatively small cash pile to pay them, Fitch Ratings said in a report on Tuesday. The Fitch report, which the credit rating agency produces annually, echoed concerns raised last week by financial investigator...

  • TOKYO, Aug 20- Japanese shares edged up on Tuesday as investors tiptoed back into equities, amid signs of a slight easing of trade tensions between the United States and China and continued hopes for fresh stimulus moves by major economies. On Monday, Washington extended a reprieve that permits China's Huawei Technologies to buy components from U.S. companies...

  • A driver leaves United States Steel's (USS) Gary Works facility on June 20, 2019 in Gary, Indiana.

    U.S. Steel will temporarily lay off up to 200 workers at its Great Lakes facility in Michigan in coming weeks.

  • NEW YORK, Aug 19- U.S. stocks climbed on Monday as reports of stimulus efforts in China and Germany calmed fears of a severe downturn in the global economy that were stoked last week as bond yields fell. China's central bank unveiled a key interest rate reform on Saturday to help steer borrowing costs lower for companies. On Sunday, German Finance Minister Olaf...

  • NEW YORK, Aug 19- U.S. stocks climbed on Monday as reports of stimulus efforts in China and Germany calmed fears of a severe downturn in the global economy that were stoked last week as bond yields fell. On Sunday, German Finance Minister Olaf Scholz suggested that Berlin could make available up to 50 billion euros of extra spending. "Those are positive stories, and...

  • *Estee Lauder jumps after FY forecast raise. China's central bank unveiled a key interest rate reform on Saturday to help steer borrowing costs lower for companies, close on the heels of reports of a potential German economic easing. After the three main Wall Street indexes racked up their third straight weekly loss despite Friday's bounce, investors will look...

  • BOSTON/ NEW YORK, Aug 16- Activist investor Paul Hilal's Mantle Ridge LP has bought nearly 10% of Aramark's common stock to push for changes at the U.S. food services company, a regulatory filing showed on Friday. Based in Philadelphia, Aramark is a provider of food and uniforms to education, healthcare, business, sports and leisure establishments.

  • While all three major U.S. stock averages ended the session higher, they still logged their third consecutive weekly losses, having been rattled since Monday by growing U.S.- China trade animosity, simmering geopolitical tensions and signals from the bond market that sparked fears of impending recession. Germany's coalition government is willing to...

  • NEW YORK, Aug 16- Technology shares led Wall Street's advance on Friday as a waning bond rally and news of potential German economic stimulus brought buyers back to the market at the close of a turbulent week. Germany's coalition government is willing to suspend its balanced budget rule and take on debt, according to Der Spiegel magazine, raising hopes that...

  • *Germany ready to take on new debt in case of recession- report. Aug 16- Wall Street's three main indexes rose more than 1% on Friday, clawing back some losses from a brutal selloff this week on hopes of more stimulus from central banks to perk up slowing growth. "Germany is now telling us that we are going to have to move forward and spend at a deficit in an effort to keep...

  • The three main Wall Street indexes extended gains after a report that Germany's right-left coalition government would be prepared to ditch its balanced budget rule and take on new debt to counter a possible recession. "This is huge news from a European perspective," said Brad McMillan, chief investment officer of Commonwealth Financial Network in Waltham,...