Top News & Analysis Pennsylvania

  • NEW YORK, Oct 19- Leading owners of prime U.S. office space are taking a page from the hotel industry to boost profits from coworking's rapid growth and to mitigate some of the risk they assume when signing long-term leases with these flexible workspace providers. Blackstone Group's EQ Office, private equity firm Rubenstein Partners LP and others have turned to "...

  • SAN FRANCISCO, Oct 19- The pressure is on for Amazon, Alphabet and Microsoft as they prepare to report quarterly results at a time when confidence in those market leaders looks increasingly fragile and in danger of derailing Wall Street's rally. "The equity market is at a critical point here," said Kurt Brunner, portfolio manager, Swarthmore Group in Philadelphia,...

  • MACON, United States- Federal Reserve Bank of Atlanta President Raphael Bostic participates in armchair discussion on the economic outlook, in Macon, Ga.- 1600 GMT. NEW YORK CITY- Federal Reserve Bank of Dallas President Robert Kaplan speaks before Manhattan Institute event, "10 Years After the Crisis: the State of Monetary and Fiscal Policy," in New York- 1645 GMT.

  • *European Commission says Italy budget in breach of EU rules. NEW YORK, Oct 18- U.S. stocks fell more than 1 percent on Thursday as the European Commission issued a warning regarding Italy's budget and concerns mounted over the possibility of strained relations between the United States and Saudi Arabia. Italian bond yields jumped after the European Commission...

  • St. Paul Cathedral, the mother church of the Pittsburgh Diocese in Pennsylvania. 

    The U.S. Justice Department has opened an investigation of child sexual abuse inside the Roman Catholic Church in Pennsylvania.

  • WASHINGTON, Oct 18- New applications for U.S. unemployment benefits dropped last week and the number of Americans on jobless rolls fell back to levels last seen in 1973, suggesting a further tightening in labor market conditions. "The labor market is tight by any quantitative metric and companies are holding on to labor because of the difficulty of replacing...

  • THURSDAY, OCTOBER 18 MEMPHIS, United States- Federal Reserve Bank of St. Louis President James Bullard gives presentation on the U.S. economy and monetary policy before the Economic Club of Memphis- 1315 GMT. LONDON- Latvian Finance Minister Dana Reizniece-Ozola, Lituanian Finance Minister Migle Tuskiene and Estonian Deputy Secretary-General for Financial...

  • Oct 17- Four major U.S. public funds that hold shares in Facebook Inc on Wednesday proposed removing Chief Executive Officer Mark Zuckerberg as chairman following several high-profile scandals and said they hoped to gain backing from larger asset managers. State treasurers from Illinois, Rhode Island and Pennsylvania, and New York City Comptroller Scott...

  • NEW YORK, Oct 17- U.S. Shorter-dated yields ticked up a bit more than longer-dated yields after the release of the Fed Sept. 25-26 minutes, briefly flattening the yield curve. More officials are happy to move past neutral, "said Guy LeBas, chief fixed-income strategist at Janney Montgomery Scott in Philadelphia.

  • NEW YORK Oct 17- Wall Street struggled for direction on Wednesday after the Federal Reserve released meeting minutes showing broad agreement on the need to raise borrowing costs further despite sharp criticism from U.S. A lot has to happen for the Fed not to move again in December, "said Ryan Sweet, head Of monetary policy research at Moody's Analytics in West...

  • NEW YORK, Oct 17- U.S. oil prices tumbled and Brent also fell on Wednesday after crude inventories rose by much more than expected and exports fell, while the dollar added to gains after minutes showed Federal Reserve policymakers generally agreed borrowing costs were set to rise further. WTI fell 2.81 percent to $69.90 per barrel and Brent was last at $80.08, down...

  • Oct 17- Several public funds that hold shares in Facebook Inc on Wednesday backed a proposal to remove Chief Executive Officer Mark Zuckerberg as chairman, saying the social media giant mishandled several high-profile scandals. State treasurers from Illinois, Rhode Island and Pennsylvania, and New York City Comptroller Scott Stringer, co-filed the...

  • Oct 17- Several public funds that hold shares in Facebook Inc on Wednesday backed a proposal to remove Chief Executive Officer Mark Zuckerberg as chairman, saying the social media giant mishandled several high-profile scandals. State treasurers from Illinois, Rhode Island and Pennsylvania, and New York City Comptroller Scott Stringer, co-filed the...

  • An Eli Lilly & Co. logo is seen on the cap of a pill bottle in this arranged photograph at a pharmacy in Princeton, Illinois.

    Express Scripts will cover new migraine drugs from Eli Lilly and Amgen, but is excluding a rival medication made by Teva Pharmaceutical.

  • *Wages to increase by 14 percent over four years. CHICAGO, Oct 16- United States Steel Corp workers are set to get the biggest wage jump in at least six years under a new deal negotiated with the company, providing early signs that gains from U.S. Wages were frozen in the last contract, which ended on Sept. 1, as the Pittsburgh- based company was suffering losses from a...

  • CHICAGO, Oct 16- The new contract between U.S. Steel Corp and its workers proposes to increase wages by 14 percent over a four-year period, three sources familiar with details of the negotiations told Reuters on Tuesday. They went without a wage hike in the last contract which ended on Sept. 1. The Pittsburgh- based steelmaker reached a tentative agreement on Monday...

  • Oct 15- The United Steelworkers union said on Monday it reached a tentative agreement with U.S. Steel Corp covering 16,000 workers across the country. The union has been negotiating with the Pittsburgh- based steelmaker for demands including higher wages. Steel expired on Sept. 1 but union members had agreed to work under an extension as bargaining continued.

  • Oct 15- The United Steelworkers union said on Monday it has reached a tentative agreement with U.S. Steel Corp.

  • **BRUSSELS- ECB chief banking officer Daniele Nouy speaks at the Solvay Schools Alumni Congress "Ethics and Governance"- 1600 GMT. BRUSSELS- European Union banking regulators and supervisors, including ECB's Ignazio Angeloni, EU's Dombrovskis, EBA's Enria and SRB's Koenig, speak in Brussels at the annual conference of the Single Resolution Board- 0915 GMT.

  • Oct 12- Sandy Hetrick drove 15 miles from her home to a Sears in Media, Pennsylvania on Wednesday to buy folding chairs and clothes. Her local Sears in Wilmington, Delaware, the 54- year-old retiree said, was so poorly stocked that she stopped going there, even though there is no Delaware state sales tax. The stores have minimal items, "she said as she shopped at the store...