Tuesday, September 23, 2014
Inquirer Daily News


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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.
Morgan Lewis & Bockius L.L.P., of Center City, 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...
The Rockefeller Brothers Fund, built with profits from Standard Oil Co., is selling investments in coal and tar sands producers in a move to pressure companies that are contributing to climate change.
Wooed by state and city grants and tax credits worth nearly $4.4 million, Hill International Inc., the Marlton-based construction management and consulting company, will move its corporate headquarters and 120 jobs to Center City in May 2015.
Ohio's prisons agency says it's working with the private vendor hired to feed inmates to develop a new menu for the fall and winter.
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) - All container terminals at the Port of Los Angeles were shut down, a nearby school was evacuated, and area residents were advised to stay indoors as a precaution over concerns about air quality from a stubborn fire Tuesday at a Port of Los Angeles wharf.
LOS ANGELES (AP) - An $8 billion project to supply the Los Angeles area with large amounts of electricity from a wind farm in Wyoming via an energy storage facility in Utah was proposed Tuesday by four companies.
NEW YORK (AP) - A handful of big companies pursuing overseas mergers to lower their tax bills came under pressure Tuesday after the U.S. unveiled rules to discourage them.
DETROIT (AP) - Cadillac wants a jolt from the city that never sleeps.
AMSTERDAM (AP) - Royal Philips NV says it will spin off its lighting division and the rest of its operations into two separate companies, continuing a radical reshaping of one of Europe's best-known corporations.
PORTLAND, Ore. (AP) - After a pizza delivery driver was injured in a crash in Portland, Oregon, two police officers completed the delivery for him.
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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