Top News & Analysis Pennsylvania

  • Trump wrote on Twitter that he had spoken with Lockheed Chief Executive Officer Marillyn Hewson "about continuing operations for the Sikorsky plant in Coatesville," while adding that "she will be taking it under advisement and will be making a decision soon." "While Pennsylvania is BOOMING, I don't want there to be even a little glitch in Coatesville- every job...

  • LONDON/ BENGALURU, June 14- Broadcom Inc sent a shockwave through the global chipmaking industry on Friday with its forecast that U.S.- China trade tensions and the ban on doing business with Huawei Technologies would knock $2 billion off the company's sales this year. The forecast, included in the company's second-quarter results late on Thursday, was the...

  • That would allow time for the EPA to calculate the volumes waived and apply them to the next year's blending mandates, the senators said in a statement. The bill's introduction comes after reports that the Trump administration's EPA had given waivers to facilities run by majors...

  • *China's May industrial output growth cools to 17- yr low. June 14- Wall Street's main indexes dropped on Friday, as shares of chipmakers sank on a warning from sector major Broadcom of a broad weakening in global demand and Chinese data pointed to the worst slowdown in industrial growth in 17 years. Shares of Broadcom Inc plunged 6.83% after it cut its full-year...

  • Shares of Broadcom Inc plunged 8.6% in premarket trading after it cut its revenue forecast for 2019 by $2 billion, blaming the U.S.- China trade conflict and export curbs on Huawei Technologies Co Ltd.. Data from China showed industrial output growth in the world's second largest economy slowed to a more than 17- year low in May, sending a chill through stock...

  • WASHINGTON, June 14- One of the largest U.S. producers of aerosol cans, Colorado- based Ball Metalpack, has laid off 91 of its 500 U.S. workers since President Donald Trump imposed a 25% tariff on imported steel that abruptly hiked the firm's raw materials costs. The subsidiary of Japan's Daiwa Can Co has added more than 80 workers over 18 months at its two Illinois...

  • WASHINGTON, June 13- The number of Americans filing applications for unemployment benefits unexpectedly rose last week, which could add to concerns that the labor market was losing steam after job growth slowed sharply in May. U.S. central bank policymakers are scheduled to meet on June 18-19 against the backdrop of rising trade tensions.

  • LOS ANGELES, June 13- Deutsche Post DHL Group on Thursday said it will spend $150 million this year to expand its U.S. healthcare distribution network capacity by roughly 40 percent. DHL's Supply Chain unit will add or expand nine Food and Drug Administration- compliant distribution sites for pharmaceutical, biotech and medical device companies in Indiana,...

  • WASHINGTON, June 12- Uber Technologies Inc unveiled its newest Volvo self-driving car in Washington on Wednesday as it works to eventually deploy vehicles without drivers under some limited conditions. Uber Advanced Technologies Group chief scientist Raquel Urtasun showed off the company's artificial intelligence technology that allows it to drive...

  • WASHINGTON, June 12- Uber Technologies Inc on Wednesday unveiled its newest Volvo self-driving car in Washington as it works to eventually deploy vehicles without drivers under some limited conditions. Uber Advanced Technologies Group chief scientist Raquel Urtasun showed off the company's artificial intelligence technology that allows it to drive...

  • June 12- Ford Motor Co's majority owned autonomous vehicle subsidiary, Argo AI, launched its new fleet of self-driving test vehicles- Ford Fusion Hybrid- in Detroit on Wednesday, expanding its presence to five U.S. cities. The Ford subsidiary is competing with Alphabet's Waymo robotaxi unit, General Motors' majority owned Cruise robotaxi business, and...

  • WASHINGTON, June 12- Uber Technologies Inc on Wednesday will unveil its newest Volvo self-driving car in Washington as it works to eventually deploy vehicles without drivers under some limited conditions. Uber said the new production XC90 will be assembled by Volvo Cars in Sweden and have human controls like steering wheels and brake pedals, but added it has...

  • June 12- Ford Motor Co's majority owned autonomous vehicle subsidiary, Argo AI, launched its new fleet of self-driving test vehicles- Ford Fusion Hybrid- in Detroit on Wednesday, expanding its presence to five U.S. cities. The new cars are equipped with upgraded sensors, including radars and cameras with higher resolution and range, the company said.

  • TEL AVIV, June 11- Ford Motor Co may be taking a cautious approach to its autonomous driving program, but its chairman rejected claims that the U.S. automaker was falling behind its peers. "I don't agree," Bill Ford said at an auto tech conference in Tel Aviv on Tuesday when asked about losing market share. In Israel for the first time to launch an innovation center, Ford...

  • Jason Urichich decided to pursue a career as a wind turbine technician after losing a business in 2008. He is now senior lead technician at one of Avangrid Renewables' sites.

    Tariffs on Chinese imports, as well as the threat of new duties on Mexican imports, will stifle job growth, according to the industry group.

  • June 7- Wall Street's main indexes rose about 1% on Friday, as a sharp slowdown in U.S. job growth raised hopes of an interest rate cut, with Washington's decision to delay tariffs on Chinese goods adding to the upbeat mood. A Labor Department report showed nonfarm payrolls increased by 75,000 jobs last month, much smaller than the 185,000 additions estimated by...

  • *Trade gap with China rises 29.7%. The report from the Commerce Department on Thursday does not capture a recent escalation in trade tensions between the U.S. and China, as well as with Mexico. Last week, Trump announced he would impose a tariff on all goods from Mexico in a bid to stem the tide of illegal immigration across the U.S.-Mexican border.

  • MEXICO CITY, June 5- Mexico has prepared a list of U.S. products that could be hit in retaliation for possible Trump administration tariffs, with a focus on Republican-leaning agricultural states but excluding corn, one of Mexico's biggest imports, officials said on Wednesday. President Donald Trump has pledged to apply a first round of tariffs on all Mexican...

  • ADP private job gains lowest since March 2010. NEW YORK, June 5- Wall Street's major indexes rose on Wednesday as investors bet on a Federal Reserve interest rate cut after weak private sector jobs data and hopes grew that the United States and Mexico would reach an agreement to avoid U.S. tariffs on Mexican goods. The gains extended the rally on Tuesday when Fed...

  • MEXICO CITY, June 5- Mexican President Andres Manuel Lopez Obrador has received an official list of U.S. products that could be subject to retaliatory tariffs if across-the-board duties threatened by the Trump administration take effect, officials said on Wednesday. President Donald Trump has pledged to apply a first round of tariffs on all Mexican imports...