Business news in brief

Commercial real estate investment firm RAIT Financial Trust, of Philadelphia, said its investment adviser subsidiary Taberna Capital Management L.L.C. would pay $21.5 million under a tentative settlement with the Securities and Exchange Commission. The settlement stems from an SEC investigation of transactions made by Taberna between 2009 and 2012, RAIT said. RAIT will record the settlement expense in the third quarter, and the company adjusted its 2014 earnings guidance downward, to between 71 cents and 81 cents per share, from previous guidance of 97 cents to $1.07 per share. - Inquirer staff

Philadelphia-based generic drugmaker Lannett Co. Inc. said Tuesday that in the wake of a July subpoena by the Connecticut attorney general regarding alleged price fixing for the drug digoxin, Lannett's outside lawyers reviewed the matter and decided the company did nothing wrong. Jaclyn Falkowski, director of communications for the Connecticut attorney general's office, declined to comment on Lannett's assessment of the situation. - David Sell

Pennsylvania's 12 casinos won $66.4 million from poker, craps, and other table game players last month, 4.6 percent more than in the same period last year. But results were split on the basis of individual casinos. Half - led by Sands Casino Resort Bethlehem with a 20 percent increase - were up, and half were down. The same was true locally. Parx Casino and SugarHouse Casino recorded gains, while Harrah's Philadelphia and Valley Forge posted lower table-game revenues. - Harold Brubaker

Food & Water Watch, the national environmental group, has released a report calling for a ban on hydraulic fracturing, the extraction technique responsible for the resurgence in U.S. oil and gas production. The report argues that the health harms and air, water and climate pollution caused by fracking offset any environmental gains from switching fuels to cleaner-burning natural gas. The report's release was timed before a rally in New York on Sunday ahead of the United Nations Summit on Climate Change. - Andrew Maykuth

Low-wage workers at Philadelphia International Airport, who are employed by airline and airport subcontractors, will rally Wednesday morning to demand that their employers, Prospect Airport Services and PrimeFlight Aviation Services, pay them the $10.88-an-hour wage approved by Philadelphia voters in May as well as giving them the right to form a labor union without interference. The workers, including sky caps and wheel chair attendants, plan to visit the airport offices of PrimeFlight and Prospect. A coalition of labor, faith, and community groups has been outspoken on behalf of low-paid subcontracted employees. - Linda Loyd

Hercules Corp., a laundry company based in Hicksville, N.Y., is acquiring competitor Elmhurst Metered Appliance Inc., started by Samuel Wexelblatt in 1946 in New York and headquartered in Philadelphia since 1960. Hercules, with 120 employees and laundry rooms in 4,000 co-ops, condos, rentals and colleges/universities, mostly in New York and northern New Jersey, will inherit 200 laundry facilities set up and operated by Elmhurst in the Philadelphia area and South Jersey. David Wexelblatt, son of Elmhurst's founder, will remain with the new combined entity, which will operate under the Hercules name. - Diane Mastrull

The U.S. Department of Labor's Occupational Safety and Health Administration has cited JC Stucco and Stone Inc., of Lansdowne, with three willful and three repeat safety violations, for allegedly exposing workers to potential falls while applying stucco to the exterior of a residential construction site in South Philadelphia in March. Proposed penalties total $235,700. Owner Jose Calle said he is disputing the charges. He said each OSHA inspector has his own view of what constitutes safe scaffolding - what passes muster for one inspector is a violation for another. - Jane M. Von Bergen

Sunoco Logistics Partners L.P. of Philadelphia on Tuesday launched a public offering of 7.7 million common units that would generate about $385 million at the partnership's closing Tuesday price of $49.96 per unit. The company, which operates a network of oil and gas pipelines and terminals, intends to use the proceeds to repay outstanding debt under its $1.5 billion revolving credit facility and for general partnership purposes. In after-hours trading, company shares were down $1.96, or 3.9 percent, $48.00. - Andrew Maykuth

Wynn Resorts Ltd., the casino company founded by Steve Wynn, was awarded the sole license to operate a casino in the Boston area, beating a rival plan from the Mohegan Tribal Gaming Authority. Wynn plans include boats ferrying guests across the harbor and a glass exterior in a color the founder calls "Wynn bronze." Massachusetts voters may still reject casino gambling in a Nov. 4 election. - Bloomberg News