LATEST REGIONAL BUSINESS NEWS
Here is how employers in the Philadelphia region say they will handle tomorrow's snowstorm.
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US Airways Group Inc., Philadelphia's dominant airline, said it has canceled all flights into and out of Philadelphia International Airport from 8 o'clock tonight until 2 p.m. tomorrow.
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DALLAS - Federal officials are investigating Southwest Airlines over the way it handled structural repairs on dozens of jets, according to a person familiar with the situation.
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Vishay Intertechnology Inc. today reported fourth-quarter earnings of $28.5 million (15 cents a share), turning around a year-ago loss of $652.3 million ($3.50 a share) on increased demand.
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For those of you who've gotten dug out, the price at the pump in the five-county Philadelphia area is averaging $2.77, unchanged from yesterday, according to AAA Mid-Atlantic.
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Local real estate investment trust Liberty Property Trust, in Malvern, said yesterday that it lost $52.1 million in the fourth quarter last year, compared with a profit of $52 million in the same quarter a year earlier.
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Philadelphia solar installer Eos Energy Solutions has been acquired by Mercury Solar Systems of New York, the companies announced today. The subsidiary of Mercury Energy will retain Eos founder Andrew Kleeman to run its Pennsylvania division, which will operate under the Mercury name.
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The Dow Jones industrial average jumped back above 10,000 on hope that a resolution was near for Greece's debt crisis.
WALL STREET
NATION AND WORLD
Baidu Inc., which operates China's most popular Internet search engine, said its quarterly earnings jumped 48 percent, beating expectations on strong revenue growth.
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Asian stock markets mostly rose Wednesday after Europe and Wall Street gained on hopes a government debt crisis in Europe can be quarantined to smaller economies.
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Prius owners in Japan are rushing to dealers Wednesday, a day after Toyota's president announced a global recall. Instead of screwdrivers and wrenches, what the mechanic is using to tackle the fix is a small laptop-like device that rewrites programming for the brakes.
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Honda Motor Co. is adding 437,000 vehicles to its 15-month old global recall for faulty airbags in the latest quality problem to hit a Japanese automaker.
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Oil prices fell to near $73 a barrel Wednesday in Asia after a report showing unexpected growth in U.S. crude inventories cast more doubt on the recovery in the world's biggest economy.
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Your Money video from the AP
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FROM SUNDAY'S INQUIRER
BUSINESS PEOPLE
Keep up with local hirings, departures, insider trades and board moves. Go to the Business People page.
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Tax season is over, but it's not too early to get in shape for next year. IRS spokesman David Stewart is still available to answer your questions. Also, find a full page of tax-help articles and links.
Here's how to reach the business news desk.
STOCK MARKET RESOURCES
Today's Inquirer
The ugly mountain of crushed metal heaped at the foot of the Platt Memorial Bridge near the airport - the gateway to Philadelphia for millions of visitors - could soon be gone.
Today's Inquirer
MGM Mirage Inc. has officially put its 50 percent ownership of the Borgata Hotel Casino & Spa in Atlantic City on the block.
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MORE BUSINESS HEADLINES
Tax season is over, but it's not too early to get in shape for next year. IRS spokesman David Stewart is still available to answer your questions. Also, find a full page of tax-help articles and links.
SPECIAL REPORTS
Investment Guide 2009
Investing is never easy. This special Investing Guide can help you find the courage to put the fear aside and start taking the steps to a more financially sound future.
A special section on the region's biggest employers, hottest performers, highest paid CEOs, local employment scene and more.
Commercial Real Estate
Vacancies are on the rise, rents and property values are dropping, building owners are low on funds, and financing options are drying up. All is not well in commercial real estate.
Lawsuit over terrorism
The Philadelphia law firm Cozen O'Connor sued Saudi Arabia and several Islamist charities in 2003, seeking to hold them financially liable for the 9/11...
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