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Top News & Analysis Philadelphia

  • PHILADELPHIA— Health insurer Aetna has agreed to pay $17 million to settle claims that it breached the privacy of thousands of customers who take HIV medications. Attorneys for the plaintiffs announced the settlement Wednesday in Philadelphia. Court documents say the Hartford, Connecticut- based company sent a mailing in envelopes with large, clear display...

  • PHILADELPHIA— Philadelphia has filed a lawsuit against drug companies that make prescription opioids, saying they've created "an unprecedented public health crisis." It seeks to halt what the city calls "deceptive marketing practices" and force the drug makers to pay for treatment costs and reimburse the city for the money it has spent responding to the...

  • NEW YORK, Jan 16- A second winter storm in as many weeks is causing hundreds of flight cancellations across the United States, airlines reported on Tuesday, potentially dealing a further blow to carriers' first quarter outlooks. Rival Delta Air Lines, the No. 2 U.S. carrier by passenger traffic, said it had canceled about 275 Tuesday flights and expected additional...

  • Jan 16- A federal judge in Philadelphia on Tuesday rejected Wells Fargo& Co's bid to dismiss that city's lawsuit accusing the largest U.S. mortgage lender of predatory lending targeting black and Hispanic borrowers. District Judge Anita Brody said Philadelphia may pursue claims that the bank's alleged "reverse redlining" violated the federal Fair Housing...

  • Jan 16- A federal judge in Philadelphia on Tuesday rejected Wells Fargo& Co's bid to dismiss that city's lawsuit accusing the largest U.S. mortgage lender of predatory lending targeting black and Hispanic borrowers. District Judge Anita Brody said Philadelphia may pursue claims that the bank's alleged "reverse redlining" violated the federal Fair Housing...

  • NEW YORK, Jan 12- U.S. investors poured $4.7 billion into so-called socially responsible mutual funds and exchange-traded funds in 2017, the category's second-biggest annual inflow ever, with managers pointing to Trump administration policies as a reason for the move. The industry remains relatively small, with an estimated $2.6 trillion in funds that...

  • NEW YORK, Jan 12- U.S. investors poured $4.7 billion into so-called socially responsible mutual funds and exchange-traded funds in 2017, the category's second-biggest annual inflow ever, with managers pointing to Trump administration policies as a reason for the move. The industry remains relatively small, with an estimated $2.6 trillion in funds that...

  • PHILADELPHIA— Philadelphia's pitch to stand out among the 238 applicants who wanted their towns to become home to Amazon's second headquarters? That's according to a heavily redacted copy of the city's bid for the Seattle tech giant's HQ2 provided to The Associated Press. Besides being able to hear each other well on the phone, Philadelphia's proposal touted...

  • More than 15 states and cities, including Chicago, Cleveland and Las Vegas, refused requests from The Associated Press to detail the promises they made to try to lure the company. Gina Raimondo of Rhode Island said in a radio interview. Amazon's search for a second headquarters city has triggered an unprecedented competition among governments around North...

  • *China may slow or halt U.S. bond purchases- report. China is the largest foreign holder of U.S. government debt, with $1.19 trillion in Treasuries as of October 2017, according to the Treasury Department. Analysts said the move may be a political signal, rather than a policy-driven choice, citing the difficulties China would have extricating itself from the market...

  • *China may slow or halt U.S. bond purchases- report. China is the largest foreign holder of U.S. government debt, with $1.19 trillion in Treasuries as of October 2017, according to the Treasury Department. Analysts said the move may be a political signal, rather than a policy-driven choice, citing the difficulties China would have extricating itself from the market...

  • James M. Donna, who over three decades served in an array of news and management posts with The Associated Press, died Wednesday after an illness of several weeks. Donna's wife, Pat Lukaszewska, said the cause of death was kidney and liver failure. Donna joined the AP at its Philadelphia bureau in 1973 after stints with Look magazine and the Reading Eagle newspaper...

  • NEW YORK— When the temperature in New York plunged, so did revenue at Tanya Lim's dog-walking service. But many businesses found it harder to operate— cities like Philadelphia, Detroit and Charlotte, North Carolina, had their coldest first week of January ever. Chicago's average temperature was 18 degrees lower than usual, and Atlanta's was 15 degrees below...

  • GUY LEBAS, CHIEF FIXED INCOME STRATEGIST AT JANNEY MONTGOMERY SCOTT LLC IN PHILADELPHIA The reason that China holds Treasuries doesnt have to do with their tactical trading and profit goals. China owns Treasuries because they export goods to the United States and they get dollars in exchange for those goods and they have to do something with those dollars.

  • Jan 9- A Pennsylvania state court judge on Tuesday overturned a $27.8 million jury award to an Indiana couple who accused Bayer AG and Johnson& Johnson of failing to warn of internal bleeding risks of their drug Xarelto, the companies said. Judge Michael Erdos, in the Philadelphia County Court of Common Pleas, ruled following a hearing on the drugmakers' motion to...

  • *North/ South Korea talks help investor mood. Jan 9- Wall Street's major indexes extended the New Year rally to close at record levels on Tuesday on investor optimism ahead of quarterly earnings reports and hopes for easing tensions with North Korea. Some investors were reassured that North and South Korea held their first talks in more than two years, which...

  • PHILADELPHIA, Jan 6- The Federal Reserve should raise interest rates three times this year given the already strong economy will get a boost from tax cuts, and can tighten more or less aggressively if needed, a key U.S. rate-setter said on Saturday. In an interview, San Francisco Fed President John Williams painted a benign picture of the world's largest economy...

  • President of the Federal Reserve Bank of San Francisco, John Williams.

    The Federal Reserve should raise interest rates three times this year given the already strong economy will get a boost from tax cuts.

  • Oyster Creek declared an unusual event around 5:25 a.m. Saturday. That's the lowest of four emergency classification levels used by the Nuclear Regulatory Commission. Oyster Creek is located in Lacey Township, about 60 miles east of Philadelphia.

  • PHILADELPHIA, Jan 6- The Federal Reserve should raise interest rates three times this year given the already strong economy will get a boost from tax cuts, and can tighten more or less aggressively if needed, a key U.S. rate-setter said on Saturday. In an interview, San Francisco Fed President John Williams painted a benign picture of the world's largest economy...