PENNSYLVANIA

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U.S. housing starts, permits touch 9 month high

New construction of U.S. homes and permits for future building scaled a nine-month high in August, and the number of people filing new claims for jobless benefits fell last week, suggesting a recovery was underway.
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Pennsylvania governor ready to veto budget plan

Pennsylvania Governor Ed Rendell said on Saturday he is ready to veto a bipartisan budget plan proposed by lawmakers to end a 10-week deadlock because it is out of balance and contains cuts to education and healthcare spending.
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Wall Street gains after mixed payrolls data

Stocks rose moderately on Friday after a mixed payrolls report that showed U.S. employers cut fewer-than-expected jobs in August even as the unemployment rate hit a 26-year high.
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Service sector on the mend, jobless claims fall

The contraction in the U.S. services sector eased last month, with a gauge of activity hitting its highest point in nearly a year, a further suggestion that a modest economic recovery was under way.
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Capmark in Berkshire asset deal, may go bankrupt

Warren Buffett's Berkshire Hathaway Inc and Leucadia National Corp agreed to buy Capmark Financial Group Inc's mortgage loan and servicing business for as much as $490 million, increasing exposure to a possible U.S. housing recovery.
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Superior to buy Sunoco's fuel distribution biz

Canada's Superior Plus Corp said it agreed to buy Pennsylvania-based Sunoco Inc's retail heating oil and propane distribution business for about $82.5 million in cash, to expand its fuel distribution business in the United States.
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Cash-poor Philly borrows $275 mln to pay vendors

Philadelphia will take out a $275 million short-term loan from JPMorgan Chase to pay vendors that have gone without compensation since July because of one of the the worst budget crises in nearly 50 years, Democratic Mayor Michael Nutter said on Tuesday.
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Popcorn and Cereals Contain Good-For-You Antioxidants

Good news if you love to eat popcorn at the movies--your favorite snack is healthier than previously thought! New research shows that popcorn and cereals contain phenol antioxidants, thought to protect against heart disease and cancer.
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Exelon NJ Oyster Creek reactor back at full power

NEW YORK - Exelon Corp's 619-megawatt Oyster Creek nuclear power unit in New Jersey was back at full power early Monday, up from about 50 percent of capacity early Friday, the U.S. Nuclear Regulatory Commission said in its power reactor status report.
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Gene variation strongly predicts Plavix response

A common gene variation explains why many people are not helped by the widely prescribed blood thinner Plavix, U.S. researchers said on Tuesday in a study confirming earlier research and paving the way for tests to screen patients before they get the drug.
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Philly mayor unveils worst service cuts since 1951

Mayor Michael Nutter detailed on Thursday what he said will be the deepest cuts in public services for more than half a century, needed to balance the fiscal 2010 budget and the city's financial plan for the next five years.
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Faith rites boost brains, even for atheists: book

Buddhist monks and Catholic nuns boost their brain power through meditation and prayer, but even atheists can enjoy the mental benefits that believers derive from faith, according to a popular neuroscience author.
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Stocks could pull back as earnings end

U.S. stocks could extend last week's retreat after a four-week advance as the earnings season winds down and investors search for signs that consumer spending will help sustain an economic recovery.

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