Top News & Analysis Pennsylvania

  • April 5- Bank of America Corp said on Friday that more than half of its branch network will be modernized over the next three years to respond to changing consumer behavior. By 2021, Bank of America's branch and ATM network will cover more than 90 percent of the U.S. population, said David Tyrie, head of consumer advanced solutions and digital banking.

  • April 4- A strong U.S. job market and near-target inflation will warrant "at most" one interest rate increase in 2019 and one in 2020, Federal Reserve Bank of Philadelphia President Patrick Harker said on Thursday. Harker gave a similar assessment of the U.S. rate outlook on March 25. "There are certainly aspects of the economy the strength of the labor market, for...

  • WASHINGTON, April 4- The number of Americans filing applications for unemployment benefits fell to a nearly half-century low last week, pointing to sustained labor market strength despite slowing economic growth. Fading stimulus from a $1.5 trillion tax cut package, the United States' trade war with China, slowing global growth and uncertainty over...

  • *White House sees progress in U.S.- China trade talks. NEW YORK, April 3- U.S. stocks edged higher on Wednesday, extending a strong start to the quarter as a rally among chipmaker shares provided a boost to the broader market on growing hopes of a trade deal between Washington and Beijing. White House economic adviser Larry Kudlow said talks between the United...

  • *Extends Spark offer to May 2, conditions unchanged. ZURICH, April 3- Roche Holding said its effort to expand in gene therapy via the $4.3 billion takeover of Spark Therapeutics remained on track despite failing to get enough votes to clinch the deal and as U.S. regulators continued scrutinizing it. Roche also said a review of the acquisition by the U.S. Federal...

  • WASHINGTON, April 1- U.S. retail sales unexpectedly fell in February, but a rebound in factory activity in March and strong increase in construction spending offered hope the economy was not slowing as sharply as previously feared. The U.S. central bank abandoned projections for any interest rate hikes this year after increasing borrowing costs four times in...

  • SEOUL, April 1- South Korean President Moon Jae- in said on Monday he hopes North Korea responds positively when he meets U.S. Speaking to his cabinet, Moon said he would use the April 11 summit in Washington to discuss restarting U.S.- North Korea talks, advancing a peace process and creating a "virtuous cycle" of improving relations with Pyongyang.

  • *U.S., China hold' candid and constructive' trade talks. NEW YORK, March 29- U.S. stocks were on track on Friday to end the final trading day of the first quarter on a strong note, boosted by optimism over trade talks between the United States and China. Trade-sensitive industrials rose 0.8 percent, while chipmakers, which have a large revenue exposure to China, also...

  • *U.S., China hold' candid and constructive' trade talks. March 29- Wall Street's main indexes rose on Friday, putting them on track to end the final trading day of the first quarter on a strong note, boosted by optimism over trade talks between the United States and China. "The conclusion of U.S.- China trade talks on the surface, is being taken as a positive step towards a...

  • *U.S., China hold' constructive' trade talks in Beijing. March 29- U.S. stocks rose on Friday, with the S&P 500 set to post its best quarterly performance in more than nine years, boosted by optimism over the latest round of trade negotiations between the United States and China. "The conclusion of U.S.- China trade talks on the surface, is being taken as a positive step...

  • *Treasury sells $32 bln in 7- year notes to strong demand. NEW YORK, March 28- Benchmark 10- year Treasury yields rose off 15- month lows on Thursday as U.S. stocks were little changed and investors continued to adjust to a dovish pivot from global central banks. I would expect a bit of a consolidation phase after the very sharp move downward in yield weve experienced...

  • LONDON, March 28- Core euro zone government bond yields held near multi-year lows on Thursday as speculation mounted that the ECB would introduce a tiered deposit rate to ease strains on banks amid continued low economic growth. European Central Bank chief economist Peter Praet told Bloomberg that ECB staff were examining the issue of tiering, but that it was...

  • March 27- Diversified Gas& Oil Plc said on Wednesday that it had agreed to buy some producing gas assets located in Pennsylvania and West Virginia from HG Energy for about $400 million. London- listed Diversified Gas also announced a proposed placing of shares by way of accelerated bookbuild to raise not less than $225 million to fund the deal.

  • *Benchmark 10- yr treasury yield falls. March 27- Wall Street's main indexes were lower on Wednesday, as a prolonged inversion in the U.S. treasury yield curve fanned worries of an economic slowdown. While recession risk still seems off the table, deceleration is readily apparent, "said Bryan Reilly, a managing director at CIBC U.S.

  • LONDON, March 27- Oil prices edged lower on Wednesday, reversing earlier gains, as further disruptions to Venezuela's crude exports were offset by a report that U.S. inventories rose last week. Venezuela's main oil export port of Jose and its four crude upgraders were unable to resume operations following a massive power blackout on Monday, the second in a month.

  • *Venezuela exports disrupted after major power outage. LONDON, March 27- Oil prices declined on Wednesday, reversing earlier gains, as further disruptions to Venezuela's crude exports were offset by a report that U.S. inventories rose last week. Oil prices have risen more than 25 percent this year, supported by supply curbs by the Organization of the Petroleum...

  • LONDON, March 27- Benchmark oil prices edged higher on Wednesday, boosted by further disruptions to Venezuela's crude exports which have helped tighten global inventories in recent weeks. Brent added 13 cents, or 0.2 percent, to $68.10 a barrel by 0910 GMT, and was not far off its year-to-date high of $68.69 reached last week. Prices have risen more than 25 percent...

  • *Market awaiting outcome of U.S.- China trade talks- analyst. Brent added 16 cents, or 0.2 percent, to $68.13 by 0706 GMT, reversing earlier losses, and was not far off its year-to-date high of $68.69 reached last week. Prices have risen more than 25 percent this year, supported by supply curbs by the Organization of the Petroleum Exporting Countries and other major...

  • Pound up as Britain's May gets "last chance" for orderly Brexit. NEW YORK, March 22- The dollar slid against the safe-haven Japanese yen on Friday as dismal U.S. manufacturing data fueled worries about the wider economy, and bond yields signaled growing fears of a recession. This is what the Fed looks at closely, "said Sean Simko, head of global fixed income management...

  • March 22- Wall Street's main indexes tumbled about 2 percent on Friday after a raft of weak manufacturing data from the United States and Europe led to an inverted yield curve, stoking fears of an economic slowdown. Manufacturers in Europe, Japan and the United States suffered in March as surveys showed trade tensions had impacted factory output, a setback for...