Top News & Analysis Philadelphia

  • PHILADELPHIA, Nov 6- How did a piece of piping installed when Richard Nixon was U.S. president go without once being checked before leading to a fire that devastated the East Coast's largest and oldest oil refinery? The PES refinery is one of nearly 30 in the United States that are more than a century old, while a Reuters review of over 100 operating U.S. refineries...

  • *U.S. close to finalizing parts of trade pact with China. NEW YORK, Oct 25- U.S. stocks rose on Friday after Washington said it was close to finalizing parts of a trade pact with Beijing and strong quarterly results from Intel Corp boosted investor sentiment, sending the S&P 500 briefly over the record high close it set three months ago. President Donald Trump said...

  • *U.S., China' close to finalizing' parts of Phase 1 trade pact. NEW YORK, Oct 25- U.S. Treasury yields rose on Friday after the United States said it was close to finalizing parts of a trade deal with China, suggesting that with global risks easing the Federal Reserve may not have to be aggressive in cutting interest rates this year and next.

  • *U.S close to finalizing parts of trade pact with China. NEW YORK, Oct 25- The S&P 500 rose on Friday, briefly surpassing its record closing high, after Washington said it was close to finalizing parts of a trade pact with Beijing. President Donald Trump also struck a hopeful tone, saying that China wanted "to make a deal very badly."

  • DENVER/ WASHINGTON, Oct 25- The fortunes of Denver chef Alex Seidel are telling. Sales at his upscale eatery Fruition, which features Oysters Rockefeller and a $29 pork chop, are down for the first time since the restaurant opened in 2007, the year the last U.S. recession began. "Fast-casual" restaurants are growing around the United States, and competition for...

  • NEW YORK, Oct 25- U.S. The U.S. economic calendar is thin on Friday so market participants will be focused not only the Fed, but also U.S-China trade negotiations related to increasing purchases of U.S. agricultural products, as well as news on Britain's exit from the European Union. "Realized volatility in the last two weeks has been very compressed and seems to have...

  • TOKYO, Oct 25- Japan's benchmark Nikkei share average inched up to a fresh one-year peak on Friday as some positive earnings from overseas tech companies offset growth concerns, with semiconductor-related stocks leading the gainers. In Tokyo, the Nikkei heavyweight Tokyo Electron and Screen Holdings both climbed 2.6%. "The market is definitely already...

  • DENVER/ WASHINGTON, Oct 25- The fortunes of Denver chef Alex Seidel are telling. Sales at his upscale eatery Fruition, which features Oysters Rockefeller and a $29 pork chop, are down for the first time since the restaurant opened in 2007, the year the last U.S. recession began. "Fast-casual" restaurants are growing around the United States, and competition for...

  • TOKYO, Oct 25- Japan's benchmark Nikkei share average was steady, hovering near its one-year peak on Friday as some positive earnings from overseas tech companies offset growth concerns, with semiconductor-related stocks leading the gainers. Semiconductor-related stocks were the highlight of the morning after Intel beat Wall Street estimates for...

  • Oct 24- Comcast Corp beat Wall Street profit and revenue estimates on Thursday, as the company added high-speed internet customers and lost more video subscribers than expected. "Four things stood out as wrapped up the quarter: our incredible strength in broadband, the enduring popularity of our premium content, our strong global footing just one year after the...

  • The service from its NBCUniversal unit will be called "Peacock," and will offer a broad slate of original content, including "Dr Death" starring Emmy and Golden Globe winner Alec Baldwin, the company said in September. The NBCUniversal business, which includes NBC Entertainment and Universal Pictures, reported revenue of $8.30 billion, down 3.5% from a year...

  • Oct 21- The S&P 500 and Nasdaq indexes rose on Monday as technology stocks were bolstered by signs of progress in resolving the prolonged U.S.- China trade dispute, while losses in Boeing capped gains in the blue-chip Dow Jones Industrials. White House adviser Larry Kudlow said tariffs scheduled for December could be withdrawn if talks go well, adding to...

  • 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...