Tuesday, July 29, 2014
Inquirer Daily News


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At certain quarterly-earnings conference calls in the casino industry, the condition of Atlantic City inevitably comes up. Here's how that went Tuesday when Gaming & Leisure Properties Inc., spun off last year to own Penn National Gaming Inc.'s real estate, discussed its second-quarter earnings.
The Street: The candy drives, pizza parties and bake sales could all be a thing of the past. New federal nutrition standards are threatening traditional school food fundraisers. As of July 1, all states must comply with the "Smart Snacks" rule of the Healthy Hunger Free Kids Act, governed by the U.S. Department of Agriculture (USDA).
The Street: The dominoes are stacked but which will be the next to fall? TheStreet investigates the five states likely to next embrace marijuana law reform.
The Street: A hero is nothing without a villain to vanquish, which is just as true in professional wrestling as it is in movies, television or books. WWE has no shortage of villains to choose from across its 60-year history, and there are hundreds of worthy candidates to make a list of "Greatest Villains/Heels." But the best of the best deserve their own recognition for their work as villainous characters.
The government has failed to inspect virtually all of the chemical facilities that it considers to be at a higher risk for a terror attack and has underestimated the threat to densely populated cities, congressional investigators say.
Economics in a nutshell: Small businesses are hiring but the improving labor market conditions are not translating into booming home sales or prices.
The Street: The housing market has bounced back dramatically since the 2008 recession, but conditions have started to slow, a new survey says.
The real estate search engine Zillow announced Monday that it would acquire its rival Trulia for $3.5 billion in stock in a deal expected to close in 2015.
This much is clear: The Federal Reserve will make another cut this week in its monthly bond purchases, which have been aimed at keeping long-term loan rates low.
Fred Groser, former publisher of Newsday Media Group in Melville, N.Y., has been hired as senior vice president of sales for the parent company of The Inquirer, the Philadelphia Daily News, and Philly.com., effective Sept. 2, owner H.F. "Gerry" Lenfest said Monday.
The William Penn Foundation's new leader will leave Aug. 31 after six months on the job. Peter J. Degnan, who came to William Penn as managing director at the beginning of March from his post as vice dean of finance and administration at the Wharton School, has tendered his resignation, foundation leaders said Monday.
WASHINGTON (AP) - Sen. Patrick Leahy on Tuesday introduced a bill to end the National Security Agency's bulk collection of phone records, a proposal that goes further than a similar House measure and has drawn support from civil liberties groups, the White House and Republicans.
NEW YORK (AP) - Think you're in control? Think again.
NEW YORK (AP) - The little blue bird is flying high. Stronger-than-expected financial results pushed Twitter's stock sharply higher on Tuesday after the short messaging service said its revenue more than doubled in the second quarter.
American Express Co.'s net income grew 9 percent in the second quarter, as spending by cardholders increased and the credit card issuer set aside less money to cover potential credit losses. A one-time gain related to the company's business travel division also helped boost results.
NEW YORK (AP) - Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:
Prime-time viewership numbers compiled by Nielsen for July 21-27. Listings include the week's ranking and viewership.
NEW YORK (AP) - "Extant" is getting a kick-start from CBS to try to improve its ratings less than a month into its run.
NEW YORK (AP) - Samsung Electronics Co., the world's biggest maker of smartphones, saw its sales drop in the second quarter, a research firm said Tuesday.
PhillyDeals: Bootmaker Timberland "has leased 5,800 sq. ft. for its Philadelphia flagship store, which it plans to have open by the fall," Steve Gartner of Metro Commercial Real Estate Inc. tells me in a note this afternoon.
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