×

Top News & Analysis Philadelphia

  • PHILADELPHIA _ Beneficial Mutual Bancorp Inc. on Friday reported second-quarter earnings of $11.9 million. The Philadelphia- based bank said it had earnings of 16 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • PHILADELPHIA _ Brandywine Realty Trust on Thursday reported a key measure of profitability in its second quarter. The average estimate of five analysts surveyed by Zacks Investment Research was for funds from operations of 34 cents per share. Five analysts surveyed by Zacks expected $127.8 million.

  • Hope& Coffee began serving customers Thursday morning in Tamaqua, a small coal-region town about 85 miles from Philadelphia. In some ways, Hope& Coffee looks like any other hip cafe with its vintage parquet floors, leather sofas, free wi-fi and gourmet coffee beans. Lisa Scheller, chairwoman of a company that manufactures metallic pigments, pledged $300,000 to...

  • PHILADELPHIA— Comcast says it's dropping out of the bidding war for Twenty-First Century Fox's entertainment business, instead focusing on its bid for the U.K.' s Sky. The announcement Thursday leaves the path open for The Walt Disney Co. to buy the Twenty-First Century Fox assets with its $71 billion offer. The Department of Justice has okayed Disney's bid as...

  • Job seekers register before interviews during an Amazon jobs fair at the Amazon Fulfillment Center in Robbinsville, New Jersey.

    The number of Americans filing for unemployment benefits unexpectedly fell last week.

  • PHILADELPHIA _ Crown Holdings Inc. on Wednesday reported second-quarter profit of $132 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.58 per share. Five analysts surveyed by Zacks expected $2.97 billion.

  • survey@ July 18- Tariffs featured heavily in the Federal Reserve's latest "Beige Book," a summary of the state of U.S. business across the central bank's 12 regional districts, with respondents describing the trade spat as creating effects such as "panic buying" and a "rush to purchase metals." One can manufacturer in Maryland said he anticipated losing business...

  • WASHINGTON, July 18- Manufacturers in every one of the Federal Reserve's 12 districts worried about the impact of tariffs, a Federal Reserve report said on Wednesday, even as the U.S. economy continued to expand at a moderate to modest pace. The latest snapshot of the health of the economy, derived from the central bank's discussions with business contacts around...

  • HARRISBURG, Pa.— Philadelphia's tax on soda and other sweetened drinks was upheld on Wednesday when the state's highest court rejected a challenge by merchants and the beverage industry. Philadelphia's enactment of the soda tax has inspired several other cities around the country to pass similar measures. The Philadelphia tax is formally called the...

  • HARRISBURG, Pa.— Applications to operate casino-style gambling online in Pennsylvania were rolling in ahead of Monday's deadline for the state's casino owners to get a license at a discounted rate of $10 million. Those applications came from the owners of Parx Casino in suburban Philadelphia, Mount Airy Casino Resort in northeastern Pennsylvania and Live!

  • NEW YORK, July 13- Treasury prices moved higher on Friday after the Federal Reserve reinforced views of strong U.S. economic growth in a report to Congress. Fed Chairman Jerome Powell will answer questions on the report before lawmakers on Tuesday and Wednesday. President Trump's criticism of UK Prime Minister Theresa May's Brexit strategy, saying it killed...

  • NEW YORK, July 13- The yield curve on U.S. I can't recall a time where it's really just been so day in and day out consistent in that trading theme, "said Guy LeBas, chief fixed income strategist at Janney Montgomery Scott LLC in Philadelphia. Rising bond prices in Europe helped to support Treasury demand, analysts said.

  • PHILADELPHIA— A federal appeals court says airport security screeners can't be sued over alleged mistreatment because they aren't law-enforcement officers. Judges on the 3rd U.S. Circuit Court of Appeals concede that their decision leaves people who are mistreated by screeners with limited legal options. Nadine Pellegrino of Florida claimed...

  • WASHINGTON— Army leaders will announce on Friday that they have chosen Austin, Texas, as the location for a new command headquarters that will focus on how to modernize the service and prepare for future wars, U.S. officials said. The Army laid out plans to create the so-called Futures Command last October, marking the first time in decades that the service has...

  • PHILADELPHIA— A member of a politically connected Philadelphia family who was convicted of defrauding a nonprofit mental health clinic out of $1 million has been sentenced to nearly seven years in prison. Philly.com reports 63- year-old Renee Tartaglione was sentenced Thursday in U.S. District Court. Prosecutors say Tartaglione stole $1 million from the...

  • PHILADELPHIA _ Hill International Inc. on Thursday reported a third-quarter loss of $4.3 million, after reporting a profit in the same period a year earlier. The Philadelphia- based company said it had a loss of 8 cents per share. Hill International shares have risen 11 percent since the beginning of the year.

  • NEW YORK, July 12- The Pennsylvania Public Utility Commission on Thursday unanimously rejected a petition by Buckeye Partners to reverse a western portion of the Laurel product pipeline that connects Philadelphia area refiners to the Pittsburgh market. The partial reversal of the traditional westward flow on of the 350- mile pipeline to bring 40,000...

  • In a 2-1 vote, the 3rd U.S. Circuit Court of Appeals in Philadelphia said Transportation Security Administration screeners were not "investigative or law enforcement officers," and were therefore shielded from liability under the Federal Tort Claims Act. "For most people, TSA screenings are an unavoidable feature of flying," but it is "squarely in the realm" of...

  • *U.S. proposes fresh tariffs on $200 bln worth of China goods. NEW YORK, July 11- U.S. stocks fell on Wednesday, breaking a four-session streak of gains after Washington's threat to impose tariffs on an additional $200 billion worth of Chinese goods fanned trade war fears, while a sharp drop in oil prices hit energy shares. President Donald Trump's threats by...

  • *US proposes fresh tariffs on $200 bln worth of China goods. NEW YORK, July 11- U.S. stocks looked set on Wednesday to snap a four-day winning streak after Washington's threat to impose tariffs on an additional $200 billion worth of Chinese goods fanned trade war fears, while a sharp drop in oil prices hit energy. President Donald Trump's threats by accusing the...