Thursday, July 31, 2014
Inquirer Daily News


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I’m always saddened by the stories of people who have been swindled.
A bankruptcy judge on Wednesday approved a bonus plan that could pay a total of $1.75 million to executives of the Revel casino and hotel, which is scheduled for auction next week.
A Greek-owned cargo ship has been anchored in the Delaware River for nearly 16 weeks, with 20 crew on board, caught in a quagmire between U.S. Coast Guard demands for operational repairs, and an owner who has not paid bills incurred since April.
Ever since discount designer-apparel department store Century 21 signed on in April as an anchor tenant in the Gallery at Market East, retail analysts have speculated what else might move in. Among the names dropped: "fast fashion" brands such as Uniqlo and Forever 21. Maybe a high-end movie theater.
DETROIT - The four-door Mini Cooper Countryman was the only one of 12 small cars to earn a top rating of "good" in new frontal crash tests.
NEW YORK - A cheerful report on the U.S. economy, rising profits, and no surprises from the Federal Reserve had the stock market closing about where it started Wednesday.
In the Region Destination shares drop Destination Maternity Corp. shares fell 17.7 percent following the Philadelphia retailer's announcement of disappointing...
The Pennsylvania Liquor Control Board slashed the license fee for a tavern gaming license to $500 from $2,000 in a unanimous vote, the agency said.
KKR's $680 million minority investment
Atlantic City's casinos woes made their mark on a national release of employment data in the nation's 372 metropolitan area by the U.S. Bureau of Labor Statistics.
Economics in a nutshell: If it is all about the labor market and wage pressures, then the Committee did elevate its thinking about the potential for rising compensation to the top of the discussion. That said, the members then decided to downgrade the threat by indicating there was "significant underutilization of labor resources".
BERLIN (AP) - German beer sales rose by 4.4 percent in the year's first half, gaining froth from the beginning of the country's run to the soccer World Cup title.
PARIS (AP) - Telecommunications equipment company Alcatel-Lucent SA says its net loss narrowed in the second quarter thanks to lower accounting charges, while revenue stagnated and restructuring charges mounted.
BERLIN (AP) - Sports equipment maker Adidas lowered its full-year profit target on Thursday, citing among other things increasing risk in the Russian market amid mounting political tensions over Ukraine.
BERLIN (AP) - Siemens says its net profit rose 27 percent in the April-June period after earnings a year earlier were weighed down by restructuring costs, though the strong euro hurt its revenue and new orders figures.
NEW YORK (AP) - Facebook's project is taking another step toward its goal of bringing the Internet to people who are not yet online with an app launching Thursday in Zambia.
BEIJING (AP) - Already China's biggest restaurant operator with 4,600 outlets, KFC is pursuing Chinese consumers so avidly it opens two more every day.
BEIJING (AP) - The owner of the KFC and Pizza Hut restaurant chains said Thursday a food safety scandal in China has hurt sales and might be severe enough to cut into the company's global profit.
AMSTERDAM (AP) - Budweiser brewer AB InBev SA, the world's largest beer maker, says sales and underlying earnings grew in the second quarter, with 7.2 percent growth in Brazil, thanks in part to the World Cup, and it sees an improving economic outlook in the U.S.
The $130,200 fine against Philadelphia-based Aramark Correctional Services covered continued staffing shortages, unacceptable food substitutions and shortages and sanitation issues, including maggots observed in food service operations at five prisons this month and last, according to Ohio's July 23 letter to the company.
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