Wednesday, September 24, 2014
Inquirer Daily News


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ATLANTIC CITY, N.J. (AP) - The lawyer for a Florida developer who has offered $90 million for the former Revel Casino Hotel in Atlantic City says multiple offers have been received for it, and an auction will be held Wednesday.
Peco Energy Co. on Tuesday blamed impurities in the natural gas delivered to its system for an odiferous outbreak that prompted more than a thousand customers to complain over Labor Day.
The Philadelphia Gas Commission on Tuesday declined to authorize Philadelphia Gas Works to spend $196,000 on PGW sale advisers that it previously had approved.
The Street: “Unemployment is higher for Millennials than older adults, which has slowed their household formation and their movement into homeownership,” said Louise Keely, president of TDI and senior vice president with Nielsen
The Street: Samsung announced on Monday that its new, metal-framed Galaxy Alpha smartphone was coming to AT&T as of Sept. 26th. However, in the wake of 10 million Apple iPhone 6 handsets being sold in the first three days, no one seems to be paying attention to what Samsung is saying.
Philadelphia's Morgan, Lewis & Bockius L.L.P. is moving closer to an acquisition of Boston-based Bingham McCutchen L.L.P., a combination that would create one of the largest law firms in the world.
The sign in the window reads "Save Meadow Brook Golf Club," but there seems to be no fight left. The carts are gone. The pro shop is a vacant stretch of green carpet. The phones go straight to a message-less voicemail.
You've probably seen, maybe even eaten at, Tony Luke’s in the Palm Beach Gardens mall – a restaurant known for its authentic cheesesteaks. WPBF 25 News' Stephanie Berzinski caught up with the Tony Luke, Jr. who was in town ahead of the restaurant’s one year anniversary. (02:09)
Economist Charles I. Plosser, best known for questioning the Federal Reserve's attempts to use cheap money to promote job growth, said Monday he'll step down as president of the Federal Reserve Bank of Philadelphia on March 1 instead of waiting until his term ends in 2016.
The Street: When a major retailer buys a smaller homegrown company, there are tradeoffs, both positive and negative in each direction. Five case studies.
NEW YORK (MainStreet) -- It's not enough to have to worry about getting your own identity stolen -- you have to worry about the identity&hellip...
SEOUL, South Korea (AP) - Samsung Electronics Co. said Wednesday its latest Galaxy Note 4 smartphone will go on sale in China and South Korea later this month as its flagging mobile business tries to defend sales from Apple's new iPhones.
WELLINGTON, New Zealand (AP) - New Zealand dairy giant Fonterra posted record revenue Wednesday but signaled a tougher year ahead for farmers by cutting its projected payout to them.
NEW YORK (AP) - Citizens Financial Group Inc. has raised about $3 billion in its initial public offering of stock that was priced at $21.50 a share, below the expected range.
ATLANTIC CITY, N.J. (AP) - A person familiar with efforts to find a buyer for the shuttered Revel casino in Atlantic City says "multiple" offers have come in.
ATLANTIC CITY, N.J. (AP) - The lawyer for a Florida developer who has offered $90 million for the former Revel Casino Hotel in Atlantic City says multiple offers have been received for it, and an auction will be held Wednesday.
NEW YORK (AP) - Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:
SAN DIEGO (AP) - An octogenarian philanthropist launched a bid to buy San Diego's dominant newspaper and turn it into one of the nation's largest nonprofit news organizations, while another major Southern California publisher ceased publication of its Los Angeles newspaper after only five months.
LOS ANGELES (AP) - A fire that raged overnight on the underside of an old wooden wharf was finally quelled Tuesday but not before all container terminals at the Port of Los Angeles and several in adjacent Long Beach harbor were shut down for most of the day because of worries about unhealthy smoke.
The Street: 'We are settling in to a reduced-capacity system that challenges travelers to be more savvy. With strong demand for fewer seats, it also presents an opportunity for the airlines to perform better, but also charge more for a ticket,' travel expert Dean Headley says.
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