Tuesday, September 2, 2014
Inquirer Daily News

Business

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McDonald's line cooks, Burger King cashiers and other fast-food restaurant workers across the U.S. plan to walk off the job on Thursday in an ongoing battle with their employers to gain a $15 hourly wage, organizers said on Monday.
The Street: Since the November merger between American and US Airways, the combined airline has modestly reduced the number of departures, but modestly added capacity due to bigger aircraft. Seventeen cities lost Washington Reagan National flights due to divestiture, with the result that a few airports gained new service, primarily to Charlotte and Philadelphia.
The Street: A workday for the average employed American consists of about 7.7 hours sleeping and 8.8 hours working. That leaves only seven-and-a-half hours out of the day for anything else. It also means if you're working a job that sucks the soul out of you, the majority of your waking life can be spent in misery or clock-watching limbo.
Proprietor of One Stop Bait & Tackle says gleaming Revel's closing "is going to affect every single one of us."
Dollar General upped its bid for the rival Family Dollar chain and addressed an earlier roadblock, saying that it will more than double the number of stores it would shed to tamp down the antitrust concerns of its takeover target.
Foreign companies in China feel increasingly targeted for unfair enforcement of anti-monopoly and other laws and might cut investment if conditions fail to improve, a U.S. business group said Tuesday.
By the time Labor Day dawned, steamy and soggy on the Made in America concert site on the Parkway, union stagehand Colin Peters and his overnight crew had just about wrapped up dismantling the three miles of barricades.
Sue Aistrop has been promoted to director of community services and RSVP/Philadelphia at Klein JCC in Northeast Philadelphia. She had been hunger-relief volunteer coordinator.
Al Ponessa has been appointed president of the Philadelphia Ship Preservation Guild, the nonprofit responsible for the care, maintenance and operations of Philadelphia's tall sailing ship, the Gazela Primiero, a 117-foot Barkentine acquired from Portugal in 1971, and the tug Jupiter. Ponessa served on nuclear submarines during his 28-year naval career, retiring as a captain. He is corporate improvement manager at Exelon Generation.
Securities trades recently reported to the Securities and Exchange Commission by officers, directors and principal shareholders of corporations based or having sizable employment in the Philadelphia area. Titles are as reported to the SEC.
KJH Inc., doing business as OK Cleaners, 201 Second Ave., Suite 114, Collegeville; Chapter 11; no schedules available.
NEW YORK (AP) - Dominion Resources, Duke Energy and other partners are proposing a $5 billion natural gas pipeline to connect the Southeast with the prodigious supplies of natural gas being produced in Pennsylvania, Ohio and West Virginia.
HOUSTON (AP) - Halliburton says it has agreed to pay $1.1 billion to settle a substantial portion of plaintiff claims arising from the 2010 Gulf of Mexico oil spill.
ALBANY, N.Y. (AP) - New York's attorney general is accusing a mortgage lender of refusing to offer financing to African-Americans living in Buffalo.
WASHINGTON (AP) - Katharine Weymouth is stepping down as publisher of The Washington Post and will be replaced by Frederick Ryan, who previously led Politico.
ATLANTIC CITY, N.J. (AP) - Revel Casino Hotel opened with a bang a little more than two years ago amid high hopes of turning around Atlantic City's struggling casino market.
NEW YORK (AP) - Norwegian Cruise Line is sailing into the luxury sector, spending about $3 billion in cash and stock to acquire the high-end Prestige Cruises International.
CARLE PLACE, N.Y. (AP) - 1-800-FLOWERS.COM Inc. is buying Harry & David for $142.5 million to help broaden the assortment of foods that its customers can choose as gifts.
LOS ANGELES (AP) - The FBI said Monday it was addressing allegations that online accounts of several celebrities, including Oscar-winner Jennifer Lawrence, had been hacked, leading to the posting of their nude photographs online.
AMSTERDAM (AP) - Dutch brewer Heineken NV says it has sold its packaging business in Mexico to Crown Holdings Inc. of the U.S. for $1.23 billion (940 million euros) to reduce debt.