Thursday, May 23, 2013
Thursday, May 23, 2013

Business

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SEPTA's governing body approved fare increases to take effect July 1, including raising cash fares to $2.25 from $2 and tokens to $1.80 from $1.55 for...
Pennsylvania will offer an amnesty program June 1 through Aug. 31 to collect $613 million the state's Department of Labor and Industry is owed in unemployment benefits or taxes.
After customers complained, the Pennsylvania Public Utility Commission is cracking down on competitive electrical suppliers who play fast and loose with the language in their marketing efforts.
Researchers in Montco are taking part in a public-private effort to develop strains against terrorism
Investors recovered their poise by midday Thursday after an early sell-off sent stocks sharply lower.
PhillyDeals: Bob Lutz, the Main Line native who once headed Chrysler and was later a senior executive at General Motors, is working with China's largest car-parts maker on a deep-discount offer for bankrupt Fisker Automotive, Reuters reports here.
The Horsham-based luxury-home builder Toll Bros. on Wednesday reported a 46 percent jump in earnings in its second quarter from the same period in 2012.
The number of Americans applying for unemployment benefits fell by 23,000 last week, further evidence that the job market is slowly returning to health.
Johnson & Johnson says it plans to submit more than 10 new treatments to regulators for approval and 25 applications for additional uses of approved drugs by 2017.
Investors recovered their poise after a shaky start to trading on Wall Street that sent stocks sharply lower.
The run-up in stock prices this year could tempt even the most hands-off investor to wade into their 401(k) and make some changes.
Procter & Gamble Co. is bringing back its former CEO, as the world's largest consumer-products maker tries to spur global growth.
UPS AND DOWNS: Stocks plunged at the opening of trading but recovered by midday. A rout overseas and in the early going on Wall Street was set off by a slowdown in China and worries that the Federal Reserve might slow down its bond purchases. By the afternoon the U.S. market had recouped nearly all of its loss.
Investors recovered their poise after a shaky start to trading on Wall Street that sent stocks sharply lower. The dip gave investors who missed this year's stock market surge an opportunity to get into the market, and by midday stocks had recouped most of their early losses. The Dow was down as much as 127 points.
The marketing people at Chevrolet make no secret of the goal for the new diesel version of the Chevrolet Cruze: Take sales from Volkswagen.
It was another ugly quarter for Sears Holdings Corp.
Investors have grown nervous that the Federal Reserve will scale back its efforts to boost the U.S. economy sooner than many expected.
BIG PLANS: Johnson & Johnson says it's poised by 2017 to seek regulatory approval for a dozen new medicines and two dozen variations of existing ones.
A former manager at Chickie's & Pete's sports bar in Egg Harbor, N.J., has filed a whistle-blower lawsuit against the sports bar chain, saying she was fired when she complained that its pay practices were illegal.
Insights & Analysis
Diane Mastrull: Kip Anthony was a farm boy from the Midwest who went on to become a mechanical engineer at big companies doing big things. Then the small-business bug bit.
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