Tuesday, October 21, 2014
Inquirer Daily News


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The Pennsylvania Turnpike Commission should improve its contracting procedures and business practices, an advisory panel said Tuesday. The three-member panel was created last year by the Turnpike Commission to review its practices after a grand jury investigation of the agency resulted in criminal charges against eight people.
Pennsylvania officials, nervously awaiting a federal decision on their request to place tolls on I-80, have no plans on how to fill a $450 million budget hole if the feds once again reject the tolling request.
The Street: You would think that with a billion bucks you’d be financially bullet-proof. And while most ten-figure families manage to squeak by, a few have lost their Charvet shirts. Here's how.
Dave Ramsey: My husband will be leaving his full-time job in a year so that he can go back to school full-time and finish his degree. We’ve both agreed this is what we want to do, but it means that we’ll go from a yearly income of $90,000 to $45,000.
Economics in a nutshell: The housing market continues to improve though without much exuberance.”
The Street: "There are lot of good holiday shopping options," says Jonathan Roisman of Next Advisor. The trick is to find the right card for the kind of shopper you are.
The Street: Halloween spending in the United States is expected to grow to $7.29 billion this year from $6.44 billion in 2011. The biggest growth is in costumes, not candy, indicating a cultural shift from trick-or-treating to grownup Halloween parties as the dominant activity.
DALLAS (AP) - U.S. airlines are raising base fares on many domestic flights even though they are getting a windfall from lower fuel prices.
NEW YORK (AP) - Staples is looking into a potential credit card data breach and has been in touch with law enforcement officials about the issue.
NEW YORK (AP) - McDonald's CEO Don Thompson said Tuesday the company hasn't been keeping up with the times and that changes are in store for its U.S. restaurants.
The Street: It's only Halloween season but retailers — and millions of shoppers — are looking forward to Black Friday and holiday shopping. With the latter predicted to rise 8% in 2014, analysts are busy figuring out what's hot and not in the mind of shoppers.
GENEVA (AP) - Tens of thousands of doses of experimental Ebola vaccines could be available for "real-world" testing in West Africa as soon as January as long as they are deemed safe, a top World Health Organization official said Tuesday.
DOVER, Del. (AP) - Regulators in Europe say an agreement between DuPont and Honeywell to develop automobile refrigerant may be violating antitrust rules.
WASHINGTON (AP) - New U.S. rules aimed at getting banks to take on more of the risk when they package and sell mortgage securities are being relaxed with an eye to spurring broader home lending.
DALLAS (AP) - Kimberly-Clark plans to eliminate up to 1,300 jobs as part of restructuring efforts aimed at reducing costs and making its business more efficient.
OKLAHOMA CITY (AP) - NBA MVP Kevin Durant has added action sports accessory brand Neff to his rapidly growing list of endorsement deals.
NICOSIA, Cyprus (AP) - European Union member Cyprus will oppose any progress in Turkey's ongoing talks to join the 28-nation bloc in response to a Turkish gas search in waters where Cyprus has already licensed companies to drill, an official said Tuesday.
NEW YORK (AP) - Verizon Communications Inc. on Tuesday reported higher net income and revenue in its third quarter, helped by strong wireless subscriber growth and demand for its FiOS Internet services.
NEW YORK (AP) - McDonald's CEO Don Thompson said Tuesday the company hasn't been keeping up with the times and that changes are in store for its U.S. restaurants.
A U.S. bankruptcy judge's decision last week to allow the Trump Taj Mahal Casino in Atlantic City to jettison a traditional defined-benefit pension and company-sponsored health insurance could spell the end of historically solid benefits for low-paid casino workers.

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