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Top News & Analysis Pennsylvania

  • Among oil- and gas-producing states, Wyoming gained two rigs and New Mexico and Texas each gained one. Louisiana lost six rigs, Oklahoma declined by two and North Dakota lost one. Alaska, Arkansas, California, Colorado, Ohio, Pennsylvania, Utah and West Virginia were unchanged.

  • *Philadelphia Energy Solutions, the largest U.S. East Coast refiner, cut rates due to the severe weather. Power outages fell to 123,000 from the 235,000 knocked out by the storm over the past couple of days and were largely concentrated in Canada, with 85,100 in Nova Scotia, 16,600 in New Brunswick and 5,100 in Quebec. Refiners in the Philadelphia region were...

  • *U.S. economy adds 148,000 jobs in Dec vs est. 190,000. Jan 5- Wall Street's main indexes extended their new year rally on Friday after weak December U.S. jobs data raised expectations that the Federal Reserve would stick to its policy of gradual interest rate hikes in 2018.. Nonfarm payrolls increased by 148,000 jobs last month, the Labor Department said.

  • *U.S. economy adds 148,000 jobs in Dec vs est. 190,000. Jan 5- Wall Street's major indexes rose to record highs on Friday after weaker-than-expected U.S. job additions in December lifted hopes that the Federal Reserve would stick to its policy of gradual interest rate hikes in 2018.. Nonfarm payrolls increased by 148,000 jobs last month, the Labor Department said,...

  • WASHINGTON, Jan 5- U.S. job growth slowed more than expected in December amid a decline in retail employment, but a pick-up in monthly wage gains pointed to labor market strength that could pave the way for the Federal Reserve to increase interest rates in March. Nonfarm payrolls increased by 148,000 jobs last month after surging by 252,000 in November, the Labor...

  • NEW YORK, Jan 5- A severe winter storm in the U.S. From Baltimore to Caribou, Maine, efforts were under way to clear roadways from Thursday's snowfall. Power outages fell to 123,000 down from the 235,000 knocked out by the storm over the past couple of days and were largely concentrated in Canada, with 85,100 in Nova Scotia, 16,600 in New Brunswick and 5,100 in Quebec.

  • WASHINGTON, Jan 5- U.S. job growth slowed more than expected in December amid a decline in retail employment, but a pick-up in monthly wage gains pointed to labor market strength that could pave the way for the Federal Reserve to increase interest rates in March. Nonfarm payrolls increased by 148,000 jobs last month after surging by 252,000 in November, the Labor...

  • The Vogtle Unit 3 and 4 site, being constructed by primary contractor Westinghouse, a business unit of Toshiba, near Waynesboro, Georgia, is seen in an aerial photo taken February 2017.

    Canada's Brookfield Asset Management plans to acquire Westinghouse Electric, the bankrupt nuclear services company owned by Toshiba.

  • WASHINGTON, Jan 5- U.S. employers likely maintained a brisk pace of hiring in December while increasing wages for workers amid growing confidence in the economy, which could pave the way for the Federal Reserve to increase interest rates in March. For all of 2017, the economy is expected to have created around 2 million jobs, slightly below the 2.2 million added in...

  • LONDON, Jan 5- The British pound is set to mostly hold steady against both a shaky dollar and the firming euro this year, but much will hinge on progress in Britain's talks with Brussels on its withdrawal from the European Union. But the pound is still down about 10 percent from the around $1.50, where it was trading before British voters rejected EU membership in a...

  • PHILADELPHIA- Cleveland Fed President Loretta Mester participates in panel "Coordinating Conventional and Unconventional Monetary Policies for Macroeconomic Stability" before the 2018 ASSA/American Economic Association Annual Meeting- 1730 GMT. PHILADELPHIA- Philadelphia Fed President Patrick Harker speaks on the economic outlook at the 2018...

  • NEW YORK/ LONDON, Jan 4- A severe winter storm froze pipes and disrupted services at refineries on the U.S. The only nuclear plant in Massachusetts was shut just after 2 p.m. because of the failure of a line that connects the reactor to the power grid. Heavy snow pounded the East Coast from Maine as far south as North Carolina on Thursday, taking out power lines, icing...

  • NEW YORK/ LONDON, Jan 4- A severe winter storm froze pipes and disrupted services at refineries on the U.S. The only nuclear plant in Massachusetts was shut just after 2 p.m. because of the failure of a line that connects the reactor to the power grid. Heavy snow pounded the East Coast from Maine as far south as North Carolina on Thursday, taking out power lines, icing...

  • Jan 4 (Reuters.- Intel Corp shares fell nearly 2 percent on Thursday as investors worried about the potential financial liability and reputational hit from recently disclosed security flaws in its widely used microprocessors. "The potential liability is big for Intel," said Eric Johnson, dean of Vanderbilt University's Owen Graduate School of Management.

  • HARRISBURG, Pa.— Under a new agreement, Highmark health insurance will maintain in-network access to University of Pittsburgh Medical Center hospitals in western Pennsylvania. Children's Hospital of Pittsburgh of UPMC, UPMC Altoona, UPMC Bedford and multiple other hospitals and specialty facilities will remain open to Highmark patients.

  • HARRISBURG, Pa.— A half-ton of butter has been transformed into a sculpture celebrating Pennsylvania's dairy industry— and heralding the start of the state's 102nd Farm Show. Agriculture Secretary Russell Redding says the sculpture unveiled Thursday highlights the careers and roles the dairy industry plays in the state. It runs Jan. 6 to Jan. 13.

  • NEW YORK/ LONDON, Jan 4- A severe winter storm froze pipes and disrupted services at refineries on the U.S. Heavy snow pounded the East Coast from Maine as far south as North Carolina early on Thursday, taking out power lines, icing roadways and closing schools. The U.S. average home residential heating oil prices rose 5.4 percent to $3.078 a gallon in the week through...

  • Jan 4- A subsidiary of Canada's Brookfield Asset Management Inc plans to acquire Westinghouse Electric Co LLC, the bankrupt nuclear services company owned by Toshiba Corp, for $4.6 billion. Brookfield Business Partners LP said in a statement on Thursday that it and institutional partners would use $1 billion of equity and $3 billion of long-term debt...

  • Jan 4- U.S. utilities along the East Coast said almost 80,000 homes and businesses were without power midday on Thursday from the massive snow and ice storm battering Mid-Atlantic and Northeast states. Most of the current outages are in Virginia, North Carolina, Massachusetts, Georgia and New York. The giant storm is currently located over coastal parts of New...

  • President, Harvard University; author, This Republic of Suffering. My first full-time job, after graduating from college, was working on the Model Cities Program for the Department of Housing and Urban Development in Philadelphia. They had us go around to communities in states like Virginia, Pennsylvania and Maryland, talking to people about all the issues they...