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BUSINESS
May 30, 2014 | By Alan J. Heavens, Inquirer Real Estate Writer
  More sales and increased prices boosted Toll Bros. Inc.'s second-quarter profits more than 21/2 times higher than in the same period in 2013, the Horsham luxury-home builder reported Wednesday. Net income for the three months ended April 30 rose to $65.2 million, or $0.35 per share, compared with $24.7 million, or $0.14 per share, in the 2013 second quarter, the company said. The builder delivered 1,218 houses in the quarter, compared with 894 in the 2013 period. Revenue of $860.4 million this year was 67 percent higher than second-quarter 2013's $516 million, reflecting not only more sales completed but higher sale prices - $706,000 versus $577,000.
BUSINESS
May 23, 2014 | By Harold Brubaker, Inquirer Staff Writer
Profit margins turned down last year at hospitals in Southeastern Pennsylvania after two years of improvement following the recession, data released Wednesday showed. The average operating margin at 19 hospitals in Philadelphia fell to 4.59 percent in the 12 months ended last June 30 from 4.68 percent the year before, the Pennsylvania Health Care Cost Containment Council's report said. Strong performances at the Hospital of the University of Pennsylvania and Children's Hospital of Philadelphia - the two largest hospitals in the region by total revenue - buoyed overall results in the city.
BUSINESS
April 26, 2014 | By Linda Loyd, Inquirer Staff Writer
Although the severe winter led to thousands of flight cancellations, American Airlines and Southwest Airlines reported record first-quarter profits that beat analysts' expectations. JetBlue Airways eked out a profit in what is the seasonally weakest period for airlines. United Airlines posted a loss. All the airlines said the outlook for spring and summer was good. American and US Airways, whose merger created the world's largest airline, posted a net profit of $480 million. As separate companies, American, which was in Chapter 11 bankruptcy, and US Airways lost a combined total of $297 million a year ago. The profit was helped by the sale of takeoff and landing slots at Washington's Reagan National Airport, which the Justice Department required to settle an antitrust lawsuit against the merger.
BUSINESS
March 16, 2014 | By Harold Brubaker, Inquirer Staff Writer
The Archdiocese of Philadelphia delivered some relatively positive financial news Friday. Catholic Health Care Services, for example, which operates six nursing homes and a retirement home, had an operating profit of $3.9 million in the year ended June 30. Results at the facilities, which have been for sale since the summer, improved significantly from a loss of $497,454 the previous year, according to an audited financial statement released Friday....
BUSINESS
March 12, 2014 | By Linda Loyd, Inquirer Staff Writer
It's been a challenging couple of months for airlines: Winter storms caused American Airlines and US Airways to cancel a combined 28,000 flights, a 164 percent increase from a year ago. JetBlue Airways scrapped 3,900 flights, while United Airlines scrubbed 23,000 due to weather in January and February. Despite the harsh winter, major U.S. carriers expect healthy profits in 2014 - and a record volume of passengers this spring. Speaking at an investor conference in New York City on Monday, airline executives said the travel outlook was good, thanks to an improving economy and flat or lower fuel prices.
NEWS
February 25, 2014 | By Edward Colimore, Inquirer Staff Writer
Farmers call them "flying rats" or "deer with wings. " They gather by the tens of thousands every year about this time to graze on sprouting winter wheat, rye, alfalfa, and barley. They're voracious, persistent, and dirty, leaving behind a trail of droppings. Canada geese. "You see a couple, then 10, 50, 100, 300," said farmer Ray Hlubik, 61, of Chesterfield, Burlington County. Soon, like a scene from Alfred Hitchcock's The Birds, "they cover a whole field. "They decimated my alfalfa last year," Hlubik said.
BUSINESS
February 18, 2014 | By Erin E. Arvedlund, Inquirer Columnist
You might not want to hear it, but it's a good time to take profits by selling some big gainers in your portfolios - since that's how you make money. Last year's fabulous stock market return is prompting such money managers as Mark Fried to sell some stock positions and wait for a pullback, then redeploy the cash into some favorite names. "In the last month or so, we have increased our cash position to 20 percent from 10 percent in conservative portfolios," the Newtown portfolio manager and president of TFG Wealth Management says in an interview.
BUSINESS
February 7, 2014 | By Harold Brubaker, Inquirer Staff Writer
Aramark Holdings Corp. spent $5.2 million refining its brand and logo, and awarded $4.3 million to executives for the completion of the Philadelphia company's initial public offering in December. Those are two concrete tidbits from Aramark's quarterly earnings, released Wednesday, its first since the food- and uniform-services company listed its stock publicly for the third time. In early trading Wednesday, Aramark's shares shot as high as $29.71 from $24.99 the day before, but they settled down to close at $26.10, up $1.11 or 4.44 percent.
BUSINESS
February 6, 2014 | By Linda Loyd, Inquirer Staff Writer
It's tough to make money at another airline's international-flight hub, but JetBlue Airways is doing just that on the popular Philadelphia-Boston route. JetBlue, Boston's largest airline with 125 daily flights, has succeeded where three other carriers did not: making a profit and winning over travelers with cheaper fares and in-flight amenities on a 300-mile trip on which US Airways long had a lock. US Airways, with a hub in Philadelphia, has 19 nonstop flights on peak weekdays from Philadelphia to Boston.
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