Friday, August 29, 2014
Inquirer Daily News

Business

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The Street: Scott Sargent, a financial advisor in Newport Beach, Calif., received a typical request from a client: a withdrawal from his brokerage account. The 81-year-old man needed $15,000 to cover taxes -- on his winnings from a Costa Rican lottery. Sargent told Financial Planning magazine that it was only the beginning of a long, sad story.
The Hershey Company is rolling out a new corporate logo that features a freshly stylized version of one of its most famous chocolate products.
Good weather and greater awareness that the Jersey shore has made huge strides in recovering from Superstorm Sandy helped make the second summer after the storm better than the first one, many shore merchants and elected officials say.
A Wall Street firm predicts much of the revenue generated by three Atlantic City casinos that are closing will remain in the city after they're gone.
U.S. consumer sentiment ticked up in August, driven by greater optimism about jobs, rising incomes, and increasing wealth. Yet the increase largely occurred among higher-income groups.
The scene at the Loft District's new Goldtex building couldn't have been more tranquil. Workers were wrapping up construction, patching cracks in the concrete and nestling shrubs into planters. A notice on the window of the retail space heralded the opening of a restaurant. Residents skipped down the front steps, off to their Center City jobs.
The Street: With Northern California recently suffering its worst earthquake in 25 years and the Atlantic hurricane season approaching its peak period, you're probably wondering where it's safe to live and here are five great options.
The Street: Travelers who are driving out of town for the Labor Day weekend can take advantage of the recent steady decline of gas prices reaching a four-year low.
The Street: We've come up with just 10 shows that are worthy of binge watching before their latest chapter begins.
The Street: According to the Center for State and Local Government Excellence and the TIAA-CREF Institute, just 18% of public sector employees feel secure about their retirement, compared to 21% two years ago. Teachers, firefighters and police officers were included in the survey's 1,200 participants.
NEW YORK (AP) - Denny's is popping the cork on its first Manhattan location.
The Hershey Company is rolling out a new corporate logo that features a freshly stylized version of one of its most famous chocolate products.
DETROIT (AP) - U.S. investors should soon be able to buy stock in Chrysler for the first time in seven years.
Mixed reports on the U.S. economy and better-than-expected company earnings nudged U.S. stocks higher on Friday. Indexes were rebounding after a slow start in light trading ahead of the Labor Day holiday.
U.S. consumer sentiment ticked up in August, driven by greater optimism about jobs, rising incomes, and increasing wealth. Yet the increase largely occurred among higher-income groups.
MILAN (AP) - Several European Union foreign ministers on Friday accused Russia of invading eastern Ukraine and said Moscow should be punished with additional biting economic sanctions.
U.S. consumer spending fell in July, with a drop in auto purchases accounting for most of the weakness. Income growth also slowed in July.
Plenty of experts think stocks are about to drop. But many others offer compelling arguments for the rally to continue for years.
RICHMOND, Va. (AP) - Federal regulators are putting Camel cigarette maker Reynolds American Inc.'s planned $25 billion takeover of rival Newport maker Lorillard Inc. under the microscope.
Russian hackers attacked JPMorgan Chase & Co. and at least four other banks this month in a coordinated assault that resulted in the loss of gigabytes of customer data, according to two people familiar with the investigation.