Thursday, August 28, 2014
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New Jersey's largest utility says the $8.1 billion it is spending over 10 years on transmission projects is powering more than the electrical grid - it's putting a lot of juice into the state's economy.
Bad times keep coming for Malaysia Airlines, the majority-government-owned carrier that lost airplanes in two tragedies this year. With a heavy financial hit expected in the second half of the year, the airline said Thursday that it lost $95 million in the second quarter, ended June 30, compared with a loss of $58 million in the same period last year.
The Pennsylvania Department of Revenue, represented by attorneys from Ballard Spahr L.P., asked a U.S. Bankruptcy Judge in Philadelphia to dismiss or abstain from hearing a lawsuit by the Foxwoods Casino group seeking to retrieve the $50 million license fee Foxwoods paid in 2007.
The Street: The Federal Deposit Insurance Corp. released its Quarterly Banking Profile Thursday.
The Street: —Generation Progress has released a 50-state fact sheet that tracks the levels of debt in each state in dollar amounts as well by a headcount.
Philadelphia didn’t make the cut, but Trenton, N.J., 33 miles away, is one of 10 U.S. cities that offer the most bang for the working person’s paycheck.
A former trainee manager at Little Caesars pizza in California sued the company for discrimination on Wednesday, accusing the Detroit-based chain of denying employees health insurance benefits for their legally wed same-sex spouses.
More Americans signed contracts to buy homes in July, a sign that buying has improved as mortgage rates have slipped, the number of listings has risen and the rate of price increases has slowed.
Economics in a nutshell: If the housing market really is getting better, then there are every reasons to believe the strong growth seen in the second quarter can be repeated.
New Jersey Natural Gas customers will spend less to heat their homes this coming winter.
With the Ebola epidemic growing in West Africa, drugmaker GlaxoSmithKline and the National Institutes of Health said Thursday that they would begin next week the first human trials of a potential vaccine that might help prevent the spread of the virus, which has killed more than 1,500 people.
FRESNO, Calif. (AP) - U.S. Forest Service officials say they tried to balance competing interests in a plan that will allow loggers to remove trees killed in a massive Central California wildfire last year.
NEW YORK (AP) - Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:
Worsening tensions in Ukraine and some weak showings from retailers on Thursday sent U.S. stocks slightly lower for the first time this week. The developments largely overshadowed encouraging news on the U.S. economy and labor market.
WASHINGTON (AP) - Federal Reserve Chair Janet Yellen's assets rose in value by at least 8 percent during 2013, raising their total to between $5.3 million and $14.1 million, according to her latest financial disclosure released Thursday.
After a bleak start to the year, the U.S. economy rebounded vigorously in the April-June quarter, growing at a brisk annual rate of 4.2 percent, slightly faster than first estimated.
WASHINGTON (AP) - Raul Garcia has a question for Kevin McCarthy, the House's No. 2 Republican: "While we are waiting for you on immigration reform, who should be harvesting America's food?"
NEW YORK (AP) - The Abercrombie & Fitch logo has lost the power it once wielded.
NEW YORK (AP) - JPMorgan Chase, the nation's biggest bank by assets, is working with law enforcement officials to investigate a possible cyberattack, said a person familiar with the situation who spoke on condition of anonymity, though the bank isn't currently seeing any unusual fraud activity at the time.
Standing amid scaffolding and building materials at the AQ Rittenhouse apartment and retail project in Center City on Wednesday, Stephen Pouppirt, president of Clemens Construction Co. Inc., almost couldn't keep count of all the major projects his company is handling this summer.