Top News & Analysis Pennsylvania

  • Pennsylvania state Flag emblem on metallic texture

    Easy access to capital can put your business on the map, but unstable state finances restrain growth.

  • BOSTON, July 9- Brothers Toby and Derek Rice are on course to win control of EQT Corp's board of directors two years after having sold their own company, Rice Energy, to the natural gas producer, people familiar with the matter said on Tuesday. But with big investors ranging from T.Rowe Price to the California Teachers Retirement System pension fund having already...

  • July 9- U.S. stocks dropped on Tuesday as investors fretted over a hit to company earnings from the protracted U.S.- China trade dispute and reined in expectations of a big interest rate cut by the Federal Reserve later this month. In the latest indication of the trade dispute hurting businesses, German chemicals giant BASF warned of a 30% fall in adjusted annual...

  • July 7- Starbucks Corp on Sunday apologized after an employee at one of its stores in Tempe, Arizona asked six police officers to leave or move out of a customer's line of sight, triggering social media backlash. The officers had visited the store on July 4 and had paid for the drinks, before one company employee approached them about a customer not feeling safe...

  • HOUSTON, July 5- The planned closing of an oil refinery in Philadelphia damaged by a massive fire last month will reverse nearly two years of capacity gains at U.S. refineries, according to a Reuters analysis of government data. U.S. refining capacity was 18.8 million bpd as of Jan. 1, according to U.S. Energy Information Administration data...

  • The U.S. Labor Department data showed nonfarm payrolls rose by 224,000 jobs in June, the most in five months, and solidly beating economists' expectation of 160,000 additions. "Markets have expected more than one rate cut this year and this solid jobs report puts that into question, if the Fed will cut more than just one time in 2019," said Ryan Nauman, market...

  • July 5- U.S. stocks fell on Friday, retreating from record closing highs, after a strong rebound in U.S. job growth in June dashed hopes of an aggressive interest rate cut by the Federal Reserve this month. Nonfarm payrolls rose by 224,000 jobs last month, the most in five months, the Labor Department data showed. "It is still more likely than not that the Fed will cut...

  • *Brazil's solar market around 1% of total generation capacity. LONDON, July 4- Solar energy developer Lightsource BP has acquired a large number of projects in Brazil with a potential to nearly double its current global capacity. "These are the building blocks of which we will grow a very successful solar business across Brazil," Lightsource BP Chief Operating...

  • NEW YORK, July 3- The Philadelphia refinery ravaged by a massive fire two weeks ago has begun offering to sell off its stocks of oil and some equipment, according to four people familiar with the matter, after the refinery's owner announced it would seek to permanently shut it. Philadelphia Energy Solutions Inc has said it will close the 200,000 barrels-per-day...

  • July 2- Lee Iacocca, the charismatic U.S. auto industry executive who gave America the Ford Mustang and was celebrated for saving Chrysler from going out of business, has died at the age of 94, Fiat Chrysler said. Iacocca died Tuesday at his home in Bel-Air, California of complications from Parkinson's disease, his daughter Lia Iacocca Assad told the Washington...

  • *China calls for multilateralism, warns against protectionism. *Modi seeks WTO reform, Putin defends Geneva- based body. To lay the groundwork, Chinese Vice Premier Liu He met Trump's treasury secretary, Steven Mnuchin, and Trade Representative Robert Lighthizer at the hotel where the U.S. delegation was staying, a source familiar with the talks said.

  • WASHINGTON, June 28- U.S. consumer spending increased moderately in May and prices rose slightly, pointing to slowing economic growth and benign inflation pressures, which could give the Federal Reserve ammunition to cut interest rates next month. The report from the Commerce Department on Friday came just a week after the Fed signaled it could ease monetary...

  • June 28- U.S. stocks rose on Friday as shares of big banks gained after clearing the Federal Reserve's stress test, with investors closely tracking the G20 summit where President Donald Trump and his Chinese counterpart, Xi Jinping, could lay the groundwork to resolve a trade dispute that has weighed on global growth. The two leaders are scheduled to meet on the...

  • PHILADELPHIA, June 28- At Erin Pub, a classic Irish neighborhood bar in Norwood, Pennsylvania, dozens of Philadelphia Energy Solutions Inc's unionized employees crammed around the bar on Wednesday night, toasting to their friendships after learning that day of plans to close the refinery permanently after a devastating fire less than a week earlier.

  • June 28- Wall Street was set to open slightly higher on Friday ahead of a high-stakes meeting between President Donald Trump and his Chinese counterpart, Xi Jinping, that could lay the groundwork to resolve their trade dispute. The two leaders are set to meet on the sidelines of a Group of 20 summit this weekend in Japan. However, hopes of a deal were muddied by a...

  • *China calls for multilateralism, warns against protectionism. *Modi seeks WTO reform, Putin defends Geneva- based body. To lay the groundwork, Chinese Vice Premier Liu He met Trump's treasury secretary, Steven Mnuchin, and Trade Representative Robert Lighthizer at the hotel where the U.S. delegation was staying, a source familiar with the talks said.

  • *China calls for multilateralism, warns against protectionism. *U.S. seeks to cut trade deficit with Japan. China has said it hoped the United States would meet halfway on the issues.

  • NEW YORK, June 28- Lawyers for former pharmaceutical executive Martin Shkreli will urge a federal appeals court on Friday to overturn his criminal conviction for defrauding investors in hedge funds he founded. They are expected to argue their case before a three-judge panel of the 2nd U.S. Circuit Court of Appeals in Manhattan shortly after 10 a.m..

  • *Washington seeks to cut U.S. trade deficit with Japan. Beijing, for its part, said it hoped Washington would meet halfway to settle a bitter trade feud that, along with signs of a global slowdown, has loomed over a two-day Group of 20 summit that began in Japan's western city of Osaka. China and the United States are locked in a trade dispute and expectations have...

  • Refining margins, also known as' cracks', for jet fuel climbed as far as $15.21 a barrel over Dubai crude this week, levels not seen since mid-January. "There is still a surplus of jet fuel in Asia, but it is the travelling season now and demand will be growing in the region, supporting the market," said a Singapore- based trader, declining to be identified as he was not...