Top News & Analysis Philadelphia

  • 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...

  • 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...

  • 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...

  • NEW YORK, Oct 16- A thinning piece of metal pipe that had not been tested for corrosion led to a June fire and explosions at the Philadelphia Energy Solutions oil refinery, the U.S. Chemical Safety and Hazard Investigation Board said in a report on Wednesday. The pipe fitting gave way early on the morning of June 21, releasing more than 3,200 pounds of the highly toxic...

  • 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...

  • NEW YORK, Oct 15- Groups vying for the idled Philadelphia Energy Solutions oil refinery have entered the second phase of the bidding process and are gearing up for visits to the plant, according to three sources familiar with the matter. Whoever wins the auction to purchase the 1,300- acre site will hold the keys to reopen the largest and oldest East Coast oil...

  • *China offering extra U.S. agriculture purchases- FT. Oct 9- Wall Street rose on Wednesday on hopes of progress in U.S.- China trade talks, though stocks pared gains late after Chinese officials said Beijing had lowered expectations for negotiations this week. Investor sentiment got an early boost following a Bloomberg report that China remained open to...

  • *China offering extra U.S. agriculture purchases- FT. Oct 9- Tech stocks led Wall Street into the black on Wednesday, capping a three-day losing streak as a report that China was open to a partial deal heartened investors ahead of high-level trade negotiations. China remains open to agreeing to a partial trade deal with the United States, despite the inclusion of...

  • *China offering extra U.S. agriculture purchases- FT. Oct 9- Wall Street rose for the first time in three sessions on Wednesday with technology stocks providing a boost, as a report that China was open to a partial trade deal soothed investor nerves ahead of high-level talks on Thursday. China was still open to agreeing to a partial trade deal with the United States,...

  • *China offering extra U.S. agriculture purchases- FT. Oct 9- A rally in technology stocks boosted Wall Street on Wednesday, as investors cheered media reports signaling an ease in trade tensions between the United States and China ahead of high-level talks starting Thursday. China was still open to agreeing to a partial trade deal with the United States, despite...

  • *China offering extra U.S. agriculture purchases- FT. Oct 9- Wall Street was set to open higher for the first time in three sessions on Wednesday, as latest media reports raised hopes of progress in high-level trade talks between the United States and China after a turbulent start to the week. China was still open to agreeing to a partial trade deal with the United...

  • *China offering extra U.S. agriculture purchases- FT. Oct 9- Wall Street was set to rise for the first time in three sessions on Wednesday after latest media reports eased concerns over escalating trade tensions between the United States and China, ahead of high-level trade talks starting Thursday. China is still open to agreeing to a partial trade deal with the...

  • Oct 4- Wall Street jumped on Friday as moderate jobs growth in September offered relief from a spate of dismal economic data this week that has rankled markets and fueled concerns that the world's largest economy may be sliding into a recession. The Labor Department's report showed nonfarm payrolls increased by 136,000 last month and the unemployment rate...

  • A rally in technology stocks led by Apple Inc also helped lift Wall Street's main indexes at the end of a volatile week. The Labor Department's report showed nonfarm payrolls increased by 136,000 last month and unemployment rate dropped to a 50- year low, but manufacturing payrolls declined for the first time in six months. "It's sort of a Goldilocks report: it's...

  • Oct 4- U.S. stocks rose on Friday as moderate jobs growth in September offered some relief from a spate of dismal economic data this week that has rankled markets and fueled concerns that the United States was sliding into a recession. The Labor Department's report showed nonfarm payrolls increased by 136,000 last month and unemployment rate dropped to a 50-...