PENNSYLVANIA

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Economic growth seen slower in Q2 on imports

Economic growth likely slowed in the second quarter as a capital investment drive by businesses was sated by imports and consumer spending tapered off, a government report is expected to show on Friday.

Home vacancies fall in Q2 but rentals steady

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The rate of vacancies for homes slipped slightly in the second quarter, a government report showed on Tuesday, but it was not enough to promise improvement in the hard-hit housing market.
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Bernanke's economy comment batters market

Federal Reserve Chairman Ben Bernanke's dour assessment of the U.S. recovery hit stocks on Wednesday, as his comment that the economy faced unusually uncertain prospects rattled investors.
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Building on a father's entrepreneurial legacy

The death of a parent is always hard, but for Julie Smolyansky it was compounded by having to quickly take over her father's successful food company, which makes a cultured milk product called kefir.
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Autos and gasoline drag retail sales lower in June

Sales at U.S. retailers fell for a second straight month in June and businesses wary of ebbing demand barely raised inventories in May, more evidence the economic recovery has slowed in recent months.
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Autos, gasoline drag retail sales lower in June

Sales at U.S. retailers fell for a second straight month in June and businesses wary of ebbing demand barely raised inventories in May, more evidence the economic recovery has slowed in recent months.
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Markets advance as Alcoa lifts earnings optimism

Stocks climbed on Tuesday, with all indexes briefly above 1 percent after better-than-expected results from Alcoa Inc and CSX Corp gave a promising start to the earnings season and sparked a broad rally.
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June discounts help retail sales, may hit July

U.S. retailers relied heavily on promotions to boost sales in June, helping teen clothing chains and department stores, but the trend may hit margins as they head into the key back-to-school shopping season.
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Teenage physical activity reduces risk of cognitive impairment in later life

Women who are physically active at any point over the life course (teenage, age 30, age 50, late life) have lower risk of cognitive impairment in late-life compared to those who are inactive, but teenage physical activity appears to be most important. This is the key finding of a study of over nine thousand women published today in the Journal of the American Geriatrics Society.
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Consumer confidence drops on job worries

Consumer confidence dropped in June after rising for three months, adding to the view the economic recovery is slowing, while single-family home prices unexpectedly climbed in April.
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Startups replacing summer jobs for students

Eric Heinbockel recalls going on a Wall Street interview the day investment bank Bear Stearns collapsed. With his chances of landing a coveted finance job dwindling, the former Columbia University undergraduate began exploring more entrepreneurial options, eventually launching a business that lets customers build their own chocolate bars.
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Existing home sales weak but supply falls

Sales of previously owned U.S. homes unexpectedly fell last month, a decline economists and real estate agents pinned on delays in processing mortgage applications.
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Fannie Mae, Freddie Mac to delist shares on NYSE

Fannie Mae and Freddie Mac, the largest U.S. home funding companies, will delist their shares on the New York Stock Exchange after Fannie Mae fell below and Freddie Mac held near minimum price requirements, the companies' regulator said on Wednesday.
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NY manufacturing grows as import prices slip

Manufacturing in New York state grew in June even as hiring slowed, supporting views the factory sector is recovering, while import prices recorded their largest decline in nearly a year in May.

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