Wednesday, July 9, 2014
Inquirer Daily News


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The New Jersey Economic Development Authority on Tuesday disclosed a proposal to award Holtec International Inc. a $260 million tax credit to locate some of its operations in Camden.
Airline stocks ticked higher Wednesday after American Airlines Group and Southwest Airlines reported higher June passenger traffic. American, the world's largest airline after merging with US Airways, said its second-quarter pretax margin would exceed its earlier forecast.
Inquirer Editor William K. Marimow has promoted Sandy Clark and Gabriel Escobar to the roles of managing editors.
American Apparel Inc. has reached a preliminary deal with investment firm Standard General to receive a $25 million investment to bolster the clothing chain's finances, a person close to the negotiations said Wednesday.
PhillyDeals: State agencies can save money by shrinking regional offices, working from home, cutting back on taxpayer-owned cars, and shifting from old-fashioned U.S. Mail to local secure cloud computing, says Eugene DePasquale, the state's elected auditor general. He says it worked for him.
ATLANTIC CITY - Caesars Entertainment Corp. is open to selling the Showboat to save the casino hotel from closure, the company confirmed Tuesday.
For months leading up to the grand opening Tuesday, when Washington became the second state in the U.S. to allow recreational sales after Colorado, the employees at Sea of Green Farms have methodically nurtured the plants in a grow house in Seattle.
PhillyDeals: Genetically-modified roosters aren't fathering chicks like their more-natural predecessors, and that's driving up the price of chicken, writes Reuters' Tom Polansek.
SEPTA's trial run with 24-hour subway service on weekends has been a success so far, with ridership up nearly 50 percent over all-night bus service.
The Street: The list of the Most Powerful Celebrities was published again by Forbes, and Her Majesty Oprah Winfrey was toppled from her throne. Oprah dropped all the way down to fourth place, with annual earnings of $82 million.
Standing in the shadows of a $30 million roller coaster that flips, drops and spins its riders, the head of the nation's fourth-biggest amusement park company points to another addition at Cedar Point he's proud of too - a shady spot to relax and munch on taffy and fudge.
RICHMOND, Va. (AP) - A South Korean chemical company has agreed to pay $2 million to settle a criminal complaint alleging attempted theft of a competitor's trade secrets.
Three of the biggest U.S. airlines are giving upbeat signals about their business as the peak summer travel season kicks into high gear.
NEW YORK (AP) - Drybulk shipper Genco Shipping emerged from Chapter 11 bankruptcy reorganization.
WASHINGTON (AP) - Tax credits for families that don't qualify. Medicare payments for treatments that might not be necessary. Unemployment benefits for people who are secretly working. Federal agencies reported making $100 billion in payments last year to people who may not have been entitled to receive them.
NEW YORK (AP) - A substantial number of the people who made CBS' "Under the Dome" the surprise hit of last summer appear to have lost interest in the fate of the fictional town of Chester's Mill, Maine.
Prime-time viewership numbers compiled by Nielsen for June 30-July 6. Listings include the week's ranking and viewership.
KINGS BAY, Georgia (AP) - Defense Secretary Chuck Hagel told naval submariners on Wednesday that the U.S. has let its focus on the military's nuclear responsibilities drift a bit, but two reviews are wrapping up and he will be looking at recommendations to strengthen the health of the force.
The Street: We haven't fully recovered from the last agonizing housing crash, yet mortgage bankers already fear a recurrence. More than half (56%) of North American lenders surveyed for FICO expressed concern that "an unsustainable real estate bubble is inflating."
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