Thursday, August 21, 2014
Inquirer Daily News


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The Street: How can investors determine what's really going on with the economy? Jim Cramer said on Mad Money Wednesday they should forget about using interest rates, commodity prices or the latest retail earnings for guidance. To learn how the economy is really doing, just look at Union Pacific.
Fewer people applied for U.S. unemployment benefits last week, another sign the job market is improving.
MATTHEWS, N.C. (AP) - Family Dollar is rebuffing Dollar General's takeover bid, citing antitrust issues. The discounter's board supports its existing merger with Dollar Tree.
Another attorney confirmed that his client will plead guilty in the RICO-conspiracy case.
A new five-year, $11 million deal is worth more than the last deal with the Horsham-based bakery.
Money Talks: The opening may be more than two months away, but Century 21 - the Gallery at Market East's newest anchor - opened a small shop Monday just to take applications from potential employees.
Michelle Singletary: I've got a birthday coming up, and as a gift to myself, I checked my Social Security statement. If you ask, I'll say I'm 29. But truth be told, I'm getting pretty close to retirement age.
The Delaware River Port Authority postponed action Wednesday on a measure that would have allowed commissioners and staffers subpoenaed by a federal grand jury to choose their own lawyers.
In the Region Finance school gets new leader The American College of Financial Services, a tax-exempt organization in Bryn Mawr that trains financial...
NEW YORK - The stock market rose for a third straight day Wednesday despite a report from the Federal Reserve that showed a growing chorus of central bank officials willing to raise interest rates sooner rather than later.
Some Federal Reserve officials think the U.S. economy is improving fast enough that the Fed will need to act sooner than previously thought to slow the extraordinary support it's been providing through ultra-low interest rates.
LOS ANGELES (AP) - Ticketfly Inc., a San Francisco-based technology company among several posing a challenge to Ticketmaster, is acquiring WillCall Inc., a crosstown rival that turns your smartphone into a mobile wallet at live events.
DETROIT (AP) - Oscar-winning actor Matthew McConaughey is the new spokesman for Ford's luxury Lincoln brand.
MATTHEWS, N.C. (AP) - Family Dollar is rebuffing Dollar General's takeover bid, citing antitrust issues. The discounter's board supports its existing merger with Dollar Tree.
WASHINGTON (AP) - The government has reached a $16.65 billion settlement with Bank of America over its role in the sale of mortgage-backed securities in the run-up to the financial crisis, the Justice Department announced Thursday.
HOFFMAN ESTATES, Ill. (AP) - Sears Holdings Inc. recorded a hefty second-quarter loss Thursday on another sales slump, raising more concerns about the future of a company that once was a staple of American shopping.
FRANKFURT, Germany (AP) - A survey of business activity shows the economy of the 18-country eurozone grew at only a slow pace in August, a sign it remains sluggish after a disappointing second quarter in which it did not expand at all.
MOSCOW (AP) - Russia's food safety agency will conduct checks on McDonald's restaurants in the Ural region following food safety complaints, local news agencies reported Thursday, a day after four branches of the chain were shuttered in Moscow.
SANTA CLARITA, Calif. (AP) - Would burglars be dumb enough to post selfies on their victim's cloud account?
Was it sabotage? A federal judge didn't think so. He called it a case of the "broker wars" at the Port of Philadelphia.