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Inquirer Business



Business news from the Inquirer.



Published: Tue, 16 May 2017 05:30:16 GMT2017-05-16T05:30:16Z

 



Oil price spurt pushes up stocks

Tue, 16 May 2017 05:30:16 GMT2017-05-16T05:30:16Z

NEW YORK - A spurt in oil prices on Monday revived energy stocks, which have been among the year's worst performers, and helped push the broader market back to record highs.



MORE ABOUT OPIOIDS

Mon, 15 May 2017 14:50:22 GMT2017-05-15T14:50:22Z

Join the Inquirer's health and business editors on May 16 for "The Opioid Forum: An Rx for the Workplace," a panel on how employers and families can fight.



Insider Transactions

Mon, 15 May 2017 05:30:28 GMT2017-05-15T05:30:28Z

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.



At the Convention Centers

Mon, 15 May 2017 05:30:28 GMT2017-05-15T05:30:28Z

At the Convention Centers Conventions expecting 500 or more to attend.    Date Attendance    Pennsylvania Convention Center Philadelphia University



Bankruptcies in the Region

Mon, 15 May 2017 05:30:28 GMT2017-05-15T05:30:28Z

Pennsylvania CruzLugo LLC, 256-258 E. Allegheny Ave., Philadelphia; Chapter 7; no schedules available. Women's Christian Alliance, 1722-42 Cecil B. Moore Ave., Philadelphia; Chapter 11; no schedules available.



Business Calendar

Mon, 15 May 2017 05:30:27 GMT2017-05-15T05:30:27Z

Treasury Auctions 4-week bills, May 16; 3-month, 6-month bills, May 15; 1-year bills, May 23; 2-year notes, May 23; 3-year notes, Jun. 12; 5-year notes, May 24; 7-year notes, May 25; 5-year TIPS, Aug. 24; 10-year TIPS, May 18; 30-year TIPS, June 22.



Worthy helps people trying to sell engagement rings

Sun, 14 May 2017 05:32:42 GMT2017-05-14T05:32:42Z

After her six-year marriage ended in divorce two years ago, Ingrid Renberg gradually lost all emotional attachment to the one-carat diamond engagement ring she was left with.



At the Convention Centers

Sun, 14 May 2017 05:30:35 GMT2017-05-14T05:30:35Z

At the Convention Centers Conventions expecting 500 or more to attend.    Date Attendance    Pennsylvania Convention Center Philadelphia University



Business Calendar

Sun, 14 May 2017 05:30:34 GMT2017-05-14T05:30:34Z

Treasury Auctions 4-week bills, May 16; 3-month, 6-month bills, May 15; 1-year bills, May 23; 2-year notes, May 23; 3-year notes, Jun. 12; 5-year notes, May 24; 7-year notes, May 25; 5-year TIPS, Aug. 24; 10-year TIPS, May 18; 30-year TIPS, June 22.



MICHAEL "CHILLY" CHALENSKI

Sun, 14 May 2017 05:30:33 GMT2017-05-14T05:30:33Z

Home: Medford, with wife, Heather; children, Brianna, 16, Mike Jr. 13. Height: 6'8" Diplomas: UCLA, history, captain of the football team; USA Today's High School all-American player, 1987 - David Brearley High School, Kenilworth, N.J. (Union County)



Bridge to a New Era

Sat, 13 May 2017 05:30:41 GMT2017-05-13T05:30:41Z

PITTSBURGH - Few companies doing work with 21st-century infrastructure have as deep a history in the 20th century - and even the 19th - as American Bridge Co.



Wells may have opened more accounts

Sat, 13 May 2017 05:30:13 GMT2017-05-13T05:30:13Z

Wells Fargo & Co. may have opened as many as 3.5 million unauthorized checking, savings, and credit card accounts over the last 15 years, far more than the bank and federal regulators reported last year, according to a new court filing.



Mammoth cargo ship arrives on the East Coast

Fri, 12 May 2017 05:32:04 GMT2017-05-12T05:32:04Z

SAVANNAH, Ga. - The largest cargo ship ever to visit ports on the U.S. East Coast is so long that the Statue of Liberty and Washington Monument could fit end to end along its deck and still leave room for Big Ben.



Verizon wins a takeover battle

Fri, 12 May 2017 05:30:39 GMT2017-05-12T05:30:39Z

Verizon is leaving nothing to chance to remain America's wireless king. The largest U.S. carrier won a protracted bidding war with AT&T for Straight Path Communications, a tiny company that controls a vast swath of airwaves considered vital for the fifth generation of wireless services, or 5G.



Department stores sink stocks

Fri, 12 May 2017 05:30:38 GMT2017-05-12T05:30:38Z

Disappointing quarterly results from Macy's, Kohl's, and other big department store chains put investors in a selling mood Thursday, sending U.S. stocks modestly lower.



Microsoft details update to Windows 10

Fri, 12 May 2017 05:30:38 GMT2017-05-12T05:30:38Z

SEATTLE - Microsoft is trying to make its personal computer-bound operating system useful on the smartphone. The company announced Thursday at its Build developer conference in Seattle a set of coming updates to Windows 10. The updates will be packaged in what the company is calling the Fall Creators Update and are expected to roll out later this year.



Amazon unveils Echo Show

Wed, 10 May 2017 12:53:15 GMT2017-05-10T12:53:15Z

SEATTLE - Amazon has unveiled a new Echo device with a video screen, adding another dimension to its voice-activated digital assistant Alexa and stepping up its game amid stiffening competition from tech rivals.



Nasdaq composite at another high

Wed, 10 May 2017 05:30:23 GMT2017-05-10T05:30:23Z

NEW YORK - The Nasdaq composite index ticked higher to another record Tuesday, but a drop by energy stocks held other indexes back.



Another Big Deal

Tue, 09 May 2017 05:31:35 GMT2017-05-09T05:31:35Z

Sinclair Broadcast Group Inc. is buying Tribune Media Co. for about $3.9 billion, a deal made possible after the U.S. Federal Communications Commission voted last month to ease a limit on TV-station ownership in the U.S.



Munger: GOP is 'bonkers'

Tue, 09 May 2017 05:31:32 GMT2017-05-09T05:31:32Z

Charles Munger, the vice chairman at Warren Buffett's Berkshire Hathaway Inc., said the leaders of his political party risk going too far in their efforts to reduce oversight of banks.



AkzoNobel rejects PPG bid

Tue, 09 May 2017 05:30:19 GMT2017-05-09T05:30:19Z

PITTSBURGH - AkzoNobel on Monday rejected PPG's latest acquisition offer, setting the stage for the Pittsburgh coatings giant to possibly launch a hostile takeover bid for its Dutch paints rival.



Insider Transactions

Mon, 08 May 2017 05:30:26 GMT2017-05-08T05:30:26Z

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.



At the Convention Centers

Mon, 08 May 2017 05:30:26 GMT2017-05-08T05:30:26Z

At the Convention Centers Conventions expecting 500 or more to attend.    Date Attendance    Pennsylvania Convention Center LIGHTFAIR International LFI2    May 9-11   23,000   



Bankruptcies in the Region

Mon, 08 May 2017 05:30:26 GMT2017-05-08T05:30:26Z

Pennsylvania Elena Helton, doing business as Elsa LLC, 12 Sequoia Dr., Newtown; Chapter 13; no schedules available. Richard C. Pruett Jr., doing business as C. Pruett Photography & Video, 1122 Childs Ave., Drexel Hill; Chapter 7; no schedules available.



Business Calendar

Mon, 08 May 2017 05:30:26 GMT2017-05-08T05:30:26Z

Treasury Auctions 4-week bills, May 9; 3-month, 6-month bills, May 8; 1-year bills, May 23; 2-year notes, May 23; 3-year notes, May 9; 5-year notes, May 24; 7-year notes, May 25;10-year notes, May 10; 30-year notes, May 11; 10-year TIPS, May 18; 30-year TIPS, June 22.



TOM PHILLIPS

Sun, 07 May 2017 05:30:17 GMT2017-05-07T05:30:17Z

Home: Trenton, in a restored 1850s red brick Federal-style rowhouse. "I'm a chronic fixer-upper." Diplomas: University of Illinois, landscape architecture.



Steps the Hershey Co. is taking

Sun, 07 May 2017 05:30:17 GMT2017-05-07T05:30:17Z

Cut calories in standard and king-sized Hershey products. By 2022, half will be 200 calories or less. Reformulate Hershey's branded products with "simple, familiar ingredients" by 2020.



Business Calendar

Sun, 07 May 2017 05:30:17 GMT2017-05-07T05:30:17Z

Treasury Auctions 4-week bills, May 9; 3-month, 6-month bills, May 8; 1-year bills, May 23; 2-year notes, May 23; 3-year notes, May 9; 5-year notes, May 24; 7-year notes, May 25;10-year notes, May 10; 30-year notes, May 11; 10-year TIPS, May 18; 30-year TIPS, June 22.



Oil drops as other sectors hold

Fri, 05 May 2017 05:30:21 GMT2017-05-05T05:30:21Z

NEW YORK - Oil prices and energy companies plunged Thursday, but other stocks didn't move much as investors waited for more signs about the state of the economy.



Heineken makes a big deal

Fri, 05 May 2017 05:30:21 GMT2017-05-05T05:30:21Z

CHICAGO - Lagunitas Brewing is selling its remaining 50 percent stake to Heineken International, which will place the California- and Chicago-based brewery under full control of the world's second-largest beer company. Heineken first bought half of Lagunitas in September 2015.



Bonds, banks await Fed increase

Thu, 04 May 2017 05:30:12 GMT2017-05-04T05:30:12Z

NEW YORK - U.S. stocks dipped Wednesday as media and health-care companies took losses. The Federal Reserve left interest rates unchanged, but bond yields and banks rose as investors believe that rates will increase soon.



Tax changes could spur businesses to spend

Thu, 04 May 2017 05:30:11 GMT2017-05-04T05:30:11Z

WASHINGTON - The sweeping tax overhaul plans from President Trump and House Republicans attempt to address an enduring mystery of the economic recovery: Why are U.S. businesses, flush with cash, so unwilling to spend it?



Stocks affected by auto firms' bad April

Wed, 03 May 2017 05:30:19 GMT2017-05-03T05:30:19Z

NEW YORK - Despite strong results from industrial companies, U.S. stocks could not get any momentum going Tuesday after carmakers said their sales were shrinking.



Urban Outfitters board gets called out by investment group

Tue, 02 May 2017 05:31:17 GMT2017-05-02T05:31:17Z

An Urban Outfitters investor group is urging shareholders to vote against the reelection of two directors, saying the board's "extreme insularity" has contributed to its weak performance.



Stocks rise as big tech companies rally

Tue, 02 May 2017 05:30:12 GMT2017-05-02T05:30:12Z

NEW YORK - U.S. stocks rose Monday as big technology companies such as Apple continued to rally. Investors bought stocks and sold bonds and gold after Congress agreed to a deal that will keep the government operating for the rest of the fiscal year.