Top News & Analysis Pennsylvania

  • *Wall Street's fear gauge surges to over 1- yr high. New York, Feb 24- Wall Street's three major averages plunged on Monday as investors ran for safety after a surge in coronavirus cases outside China fanned worries about the global economic impact of a potential pandemic. Treasuries after countries including Iran, Italy and South Korea reported a rise in virus...

  • Feb 24- Williams Cos Inc said on Monday it canceled the proposed Constitution natural gas pipeline from Pennsylvania to New York following years of opposition from politicians and environmental groups in New York. The U.S. Federal Energy Regulatory Commission approved construction of Constitution in December 2014, but the project remained stalled...

  • *Health insurers fall after Bernie Sanders' Nevada victory. New York, Feb 24- The Dow Jones Industrials was on track for its biggest daily decline in two years and the S&P 500 fell more than 3% on Monday, as investors fled riskier assets as fears about the global economic impact of the coronavirus intensified after a surge in cases outside China.

  • NEW YORK, Feb 22- Warren Buffett on Saturday forcefully defended Berkshire Hathaway Inc's decision to invest heavily in stocks of companies such as Apple Inc as he labors through a four-year drought since his last major acquisition of a company. The Omaha, Nebraska- based conglomerate ended the year with a $128 billion cash hoard, after repurchasing $2.2...

  • NEW YORK, Feb 22- Warren Buffett on Saturday forcefully defended Berkshire Hathaway Inc's decision to invest heavily in stocks of companies such as Apple Inc as he labors through a four-year drought since his last major acquisition of a company. The Omaha, Nebraska- based conglomerate has more than 90 operating units employing 391,539 people, including the...

  • There was encouraging news on the struggling manufacturing sector, with other data on Thursday showing factory activity in the mid-Atlantic region accelerated to a three-year high in February, likely as tensions in the 19- month trade war between the United States and China diminished. Washington and China signed a Phase 1 trade deal in January.

  • There was encouraging news on the struggling manufacturing sector, with other data on Thursday showing factory activity in the mid-Atlantic region accelerated to a three-year high in February, likely as tensions in the 19- month trade war between the United States and China diminished. Washington and China signed a Phase 1 trade deal in January.

  • NEW YORK, Feb 20- Factory activity in the U.S. mid-Atlantic region expanded more than expected in February, with a closely watched business index from the Philadelphia Federal Reserve notching its highest level in three years. The survey covers factories in eastern Pennsylvania, southern New Jersey and Delaware. It is seen as one of the first monthly indicators...

  • The agreement will lay out timelines and the lead local constructor for the reactors to be built at Kovvada in southern India and also address lingering concerns over India's nuclear liability law. The United States has been discussing the sale of nuclear reactors to energy-hungry India since a 2008 landmark civil nuclear energy pact and last year the two...

  • ALEPPO, Syria, Feb 19- A SyrianAir passenger plane landed on Wednesday at Aleppo's civilian airport, the first scheduled flight to touch down in the country's war-devastated economic hub for eight years. The reopening of the airport comes days after the Russian-backed Syrian army said it had seized rural areas northwest of Aleppo, a major strategic gain in...

  • NEW YORK, Feb 13- The Philadelphia Energy Solutions oil refinery site will be sold for $252 million and redeveloped under a plan approved in bankruptcy court on Thursday, ending months of uncertainty over whether the idled plant would be restarted. Hilco Redevelopment Partners, which will become the new owner of the roughly 1,300- acre PES refinery site as part...

  • *New coronavirus cases in China jump under new method. Feb 13- Gains in defensives helped U.S. stocks bounce off session lows on Thursday, even as sentiment remained fragile after a spike in new coronavirus cases in China renewed worries over the scale of the epidemic and its likely impact. The S&P 500 fell as much as 0.6% in early trading after China reported a...

  • WASHINGTON, Feb 13- Federal Reserve board nominee Judy Shelton faced deep skepticism from Republicans and Democrats on the Senate Banking Committee on Thursday, as lawmakers challenged her independence from President Donald Trump and characterized her thinking as too far outside the mainstream to trust with the nation's economy. Over the course of the...

  • CHICAGO, Feb 13- Kraft Heinz Co on Thursday missed quarterly sales estimates, forecast lower full-year core earnings, and wrote down the value of some businesses- including coffee brand Maxwell House- by $666 million. The Chicago- based company also highlighted "very, very volatile" pork prices due to problems in China including the deadly coronavirus, African...

  • WASHINGTON, Feb 13- Federal Reserve board nominee Judy Shelton faced deep skepticism from Republicans and Democrats on the Senate Banking Committee on Thursday, as lawmakers challenged her independence from President Donald Trump and characterized her thinking as too far outside the mainstream to trust with the nation's economy. Over the course of the...

  • CHICAGO, Feb 13- Kraft Heinz Co on Thursday missed quarterly sales estimates, forecast lower full-year core earnings, and wrote down the value of some businesses- including coffee brand Maxwell House- by $666 million. Shares in Kraft Heinz, which makes Philadelphia cream cheese and Planters peanuts, were down 7.7% in morning trading. Kraft Heinz took a $453...

  • WASHINGTON, Feb 13- Federal Reserve board nominee Judy Shelton on Thursday faced sharp questioning from Senate Banking Committee members who challenged her independence from President Donald Trump and characterized her thinking about money and economics as far outside the mainstream. As the hearing progressed at least one Republican committee...

  • CHICAGO, Feb 13- Kraft Heinz Co on Thursday missed quarterly sales estimates due to lower demand for products like bacon and cheese, and wrote down the value of some businesses- including coffee brand Maxwell House- by $666 million. Thursday's results mark the one-year anniversary of Kraft Heinz reporting a surprise loss and taking a $15.4 billion writedown of...

  • Kraft Heinz posted net earnings of $183 million, or 15 cents per share, compared with a loss of $12.63 billion, or $10.30 cents per share the year earlier. The Chicago- based company, which also makes Philadelphia cream cheese and Jell-O, said sales fell to $6.54 billion from $6.89 billion in the fourth quarter ended Dec. 28, short of the analyst estimate of $6.61...

  • The Chicago- based company, which makes Oscar-Mayer bacon and Philadelphia cream cheese, said sales fell to $6.54 billion from $6.89 billion in the fourth quarter ended Dec. 28.