Tuesday, April 28, 2015

Business

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Last week, a group of Latino officeholders and community leaders in Philadelphia made headlines when they bypassed Latino candidate Nelson A. Diaz to endorse former City Councilman James F. Kenney for mayor.
NEW YORK (AP) - Mylan N.V. rejected Teva Pharmaceuticals' $40.1 billion buyout offer, saying the cash-and-stock proposal undervalues the company.
CAMARILLO, Calif. (AP) - The average national price of a regular gallon of gasoline has jumped 13 cents in the past two weeks to $2.58.
Picks 2 of Trian's 4 nominees
Interior designer Tonya Comer says her ability to listen to clients has been instrumental in her success.
The Street: Taylor Murray was going bald and noticing that as his hairline was receding, so too were the number of clients that he had in the creative fields.
The Street: With that landscape-changing deal off the table, which are the best companies to buy in the space? Well, as it turns out, Comcast and Time Warner are still on the list. Here are the top three, according to TheStreet Ratings,TheStreet's proprietary ratings tool.
Raquel Spatzier has been promoted to vice president of technology and business services at American Executive Centers, Philadelphia, responsible for the company's IT department. The former manager of technology and business services will continue to manage all areas of business-support services for the seven American Executive Centers locations.
Min S. Suh, partner, has been appointed chair of the Philadelphia law firm Obermayer Rebmann Maxwell & Hippel L.L.P.'s diversity committee. The committee focuses on recruiting and retaining diverse lawyers and staff, as well as other diversity initiatives within the firm. Suh practices immigration law.
Pennsylvania Vasos Inc., doing business as Overbrook Pizza, 2099 N. 63d St.; Chapter 11; no schedules available. Sang G. Park and Kyung S. Park, doing business as New Classic Cleaner, 504 Rennard St.; Chapter 7; no schedules available.
Securities trades recently reported to the Securities and Exchange Commission by officers, directors and principal shareholders of corporations based or having sizable employment in the Philadelphia area. Titles are as reported to the SEC.
SEOUL, South Korea (AP) - Global stock markets were dented Tuesday by downbeat economic data from Europe ahead of major earnings reports and the Federal Reserve's policy meeting.
FRANKFURT, Germany (AP) - German automaker Daimler saw net profit nearly double in the first quarter on strong demand across all major markets for its updated line of Mercedes-Benz luxury cars.
PARIS (AP) - French energy giant Total SA said Tuesday that its net profit slid 20 percent in the first quarter despite a rise in production as slumping oil prices took their toll.
PARIS (AP) - Royal Philips NV, the world's biggest lighting maker, said Tuesday higher restructuring costs wiped out gains from higher sales to reduce first-quarter net profit by 27 percent to 100 million euros ($109 million).
WASHINGTON (AP) - On a trip to Australia in 2012, Hillary Rodham Clinton lavished praise on the proposed Trans-Pacific Partnership, calling it the "gold standard" in efforts to create open and fair trade.
U.S. stocks slumped on Monday as investors looked ahead to a flurry of earnings reports this week. Health care companies led the declines. It was a downbeat note after strong gains last week, capped by a record in the Nasdaq composite, 15 years after its dot-com era peak.
WASHINGTON (AP) - Interest rates on short-term Treasury bills were mixed in Monday's auction with the rate on three-month bills declining to the lowest level since early March, while the rate on six-month bills rose.
NEW YORK (AP) - Nelson Peltz gained a powerful backer Monday after the proxy advisory firm Institutional Shareholder Services said that change may be warranted at DuPont and recommended shareholders give the billionaire investor seats on its board.
Peco Energy Co., the regional utility with 1.6 million electric customers and 500,000 natural gas customers, generated an estimated economic impact of $4.5 billion across Pennsylvania last year and supported nearly 10,000 jobs, according to a report the company released Monday.
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