Top News & Analysis Pennsylvania

  • CLEVELAND, Oct 21- Four large drug companies could resume talks on Tuesday to try to reach a $48 billion settlement of all opioid litigation against them, after agreeing with two Ohio counties to a $260 million deal to avert the first federal trial over their role in the U.S. opioid epidemic. Under Monday's local settlement, the distributors, which handle around...

  • Oct 21- The S&P 500 and Nasdaq indexes rose on Monday as technology stocks were bolstered by signs of progress in resolving the prolonged U.S.- China trade dispute, while losses in Boeing capped gains in the blue-chip Dow Jones Industrials. White House adviser Larry Kudlow said tariffs scheduled for December could be withdrawn if talks go well, adding to...

  • CLEVELAND, Oct 21- The fight over who is responsible for the opioid epidemic that has ravaged the United States heads to court on Monday in Ohio as local governments seek billions of dollars from companies that manufactured and distributed the highly-addictive painkillers. The trial will pit two Ohio counties against five companies the local governments...

  • BOSTON, Oct 18- Fallout from Kenneth Fisher's alleged insensitive remarks about women escalated on Friday when a large Iowa pension plan cut ties with the money manager, whose firm has lost more than $1 billion in assets under management in the last week. Iowa joins pension funds run for Boston, the state of Michigan and Philadelphia in cutting ties with Fisher.

  • BOSTON, Oct 18- SEI Investments Co on Friday said it was reviewing its business relationship with the firm of money manager Kenneth Fisher, after he allegedly made insensitive remarks about women at a recent investment conference. SEI serves as a trustee and sponsor on investment portfolios managed by Fisher for dozens of retirement plans that have included...

  • Oct 18- Wall Street fell on Friday, dragged down by Boeing and Johnson& Johnson and as worries over global economic growth were rekindled by gloomy data out of China. "China data just adds to the continued slowing global growth concept that has been out there for a while," said Chris O'Keefe, managing director at Logan Capital Management in Ardmore, Pennsylvania.

  • Oct 18- Wall Street edged lower on Friday, set to end a strong week on a downbeat note, as heavyweight Johnson& Johnson slipped and worries over global economic growth were rekindled by gloomy data out of China. "China data just adds to the continued slowing global growth concept that has been out there for a while," said Chris O'Keefe, managing director at Logan...

  • NEW YORK, Oct 18- Technology companies, which make up the largest swath of the U.S. stock market, are expected to post a nearly 8% drop in third-quarter profits as reports roll in next week from many of the sector's biggest corporations. The overall sector's earnings performance is being dragged down by semiconductors, which are expected to post a nearly 27% plunge...

  • WASHINGTON, Oct 17- The U.S. National Transportation Safety Board will hold a Nov. 19 hearing to determine the probable cause of a March 2018 Uber Technologies Inc self-driving vehicle crash that killed a pedestrian in Arizona. Elaine Herzberg, 49, was walking her bicycle outside the crosswalk on a four-lane road when she was struck by the Uber vehicle traveling...

  • BOSTON, Oct 16- The City of Boston's retirement board on Wednesday voted unanimously to end its relationship with money manager Kenneth Fisher, whose firm has lost almost $1 billion in assets after allegations he made disparaging remarks about women last week. The retirement board's vote came as Boston Mayor Marty Walsh said Fisher's statements showed "a...

  • BOSTON, Oct 16- The City of Boston's retirement board on Wednesday voted unanimously to end its relationship with money manager Kenneth Fisher, whose firm has lost almost $1 billion in assets after allegations he made disparaging remarks about women last week. The retirement board's vote came as Boston Mayor Marty Walsh said Fisher's statements showed "a...

  • The downbeat report from the Commerce Department on Wednesday came on the heels of data this month showing a moderation in job growth and services sector activity in September. The economy is being hamstrung by a 15- month trade war between the United States and China, which has soured business sentiment, leading to a decline in capital expenditure and a...

  • The downbeat report from the Commerce Department on Wednesday came on the heels of data this month showing a moderation in job growth and services sector activity in September. The economy is being hamstrung by a 15- month trade war between the United States and China, which has soured business sentiment, leading to a decline in capital expenditure and a...

  • The U.S. regional bank's loan portfolio grew 6.5% to $237.4 billion, with commercial lending accounting for about 67% of total loans. The Pittsburgh, Pennsylvania- based bank's net income attributable to common shareholders fell to $1.32 billion in the third quarter ended Sept. 30, from $1.33 billion, a year earlier. On a per share basis, quarterly earnings rose to...

  • The Pittsburgh, Pennsylvania- based bank's net income attributable to common shareholders fell to $1.32 billion in the third quarter ended Sept. 30, from $1.33 billion, a year earlier. On a per share basis, quarterly earnings rose to $2.94 from $2.82 a year earlier. Total revenue rose 3% to $4.49 billion.

  • SYDNEY, Oct 16- Japanese shares rallied to more than 10- month highs on Wednesday as a weaker yen lifted bluechip exporters, while chipmaking-related stocks advanced, taking their cue from Wall Street peers. Overnight, the Japanese yen hit a 2-1/ 2 month low of 108.90 yen against the greenback as investors flocked to riskier assets on hopes of an orderly British...

  • TOKYO, Oct 16- Japanese shares rallied to more than 10- month highs on Wednesday as a weaker yen lifted blue-chip exporters, while chip-related stocks advanced, taking their cue from Wall Street peers. Overnight, the Japanese yen hit a 2-1/ 2 month low of 108.90 yen against the greenback as investors flocked to riskier assets on hopes of an orderly British exit from...

  • BOSTON, Oct 15- Fidelity Investments on Tuesday said it was reviewing its relationship with money manager Ken Fisher while Philadelphia's board of pensions terminated its business with his firm after he allegedly made disparaging remarks about women last week. Known to investors through frequent television ads for his investment advice, Fisher had...

  • BOSTON, Oct 15- Fidelity Investments on Tuesday said it was reviewing its relationship with money manager Ken Fisher and Philadelphia's board of pensions said it terminated its business with his firm after Fisher allegedly made disparaging remarks about women at a conference last week. Known to investors through frequent ads on television for his...

  • WASHINGTON, Oct 15- A strong U.S. economy could help President Donald Trump win re-election next year unless there is a surge in voter turnout, economic research firm Moody's Analytics said on Tuesday. Across American universities and on Wall Street, researchers are honing computer models designed to predict the winner in the November 2020 election in which...