Business news in brief
In the Region
Digital traffic high for NBC
NBC Sports officials in a briefing Wednesday on Sochi Winter Olympics viewership said that digital traffic on non-TV platforms was 54 percent higher than for the Vancouver Olympics four years ago and that Comcast Corp.-owned NBCUniversal expected to earn more than $800 million in advertising revenue on the games. NBC Sports Group chairman Mark Lazarus said he was hopeful ailing host Bob Costas "will be back in the chair soon." - Bob Fernandez
What storm? Auto show is on
The Philadelphia Auto Show is a bit like the postal service, apparently: Neither snow nor rain nor heat nor gloom of night can stop it. Certainly not snow, organizers said. Despite Thursday's expected storm, doors open at noon and remain open until 10 p.m. at the Convention Center. - Chris Hepp
Incyte shares up on Jakafi sales
Biopharmaceutical company Incyte Corp. of Wilmington said its net loss for the quarter that ended Dec. 31 was $42.9 million, or 26 cents per share, compared with a profit of $18.8 million, or 14 cents per share, a year earlier. Quarterly revenue was $97.1 million, down 14.7 percent from the prior-year quarter. But revenue from the company's myelofibrosis treatment, Jakafi, rose to $72.9 million from $43.3 million, and Incyte projected 2014 revenue for the drug at $315 million to $335 million. Shares closed at $68.83, up $2.83, or 4.3 percent. - Reid Kanaley
Sands Web outage continues
Las Vegas Sands Corp., owner of the Sands casino in Bethlehem, Pa., was working with law enforcement to investigate a breach of its websites, which remained down a day after they were hacked. Nevada gambling regulators were investigating the cyberattack, and the FBI also was aware of the matter. Sands spokesman Ron Reese could not say whether credit-card records had been breached. Sands runs the largest casino in the world, in Macau. - AP
Pa. well fire still burning
State environmental officials and expert firefighters brought in by Chevron Corp. were continuing to monitor a burning Marcellus Shale natural gas well in southwestern Pennsylvania. The well about 50 miles south of Pittsburgh in Dunkard Township erupted in flames Tuesday morning, injuring one worker and leaving one still unaccounted for Wednesday. State Department of Environmental Protection spokesman Jon Poister said experts from Houston's Wild Well Control arrived Tuesday evening to begin working on a plan to extinguish the fire. Chevron said in a statement that there was no drilling or hydraulic fracturing taking place at the well pad when the fire began. - AP
Horizon, Lourdes collaborate
Horizon Blue Cross Blue Shield of New Jersey and a unit of Lourdes Health System announced a collaboration to improve care and reduce costs for more than 17,000 Horizon members cared for by 90 primary-care doctors at 40 locations in Burlington, Camden, Gloucester, and Mercer Counties. Under the agreement that went into effect Jan. 1, Horizon provides extra payments to Lourdes doctors to compensate them for taking on the additional responsibility of coordinating the care of Horizon members. The Lourdes entity is in the LHS Health Network L.L.C., formed last year to participate in "accountable care" programs. - Harold Brubaker
N.J. electric rates change
The New Jersey Board of Public Utilities approved new basic electricity rates for customers supplied by incumbent utilities for the next year that will result in modest changes for most residents and small- to medium-size businesses. Rates for a typical Atlantic City Electric Co. customer will decrease by 2.75 percent, and rates for customers of Public Service Electric & Gas Co. will increase 1.1 percent. Since 2009, energy costs for the residential and small- to medium-size commercial sector on average have fallen approximately 30 percent. The BPU, the state's utility regulator, annually supervises auctions to supply one-third of the utilities' power for the next three years. Retail customers are free to shop for a third-party supplier who may be able to beat their utility's price. - Andrew Maykuth
Elsewhere
Toyota recalls 1.9M hybrids
Toyota Motor Corp. is recalling 1.9 million hybrid Prius cars globally for a software glitch that could cause the vehicles to stall. No accidents or injuries have been reported related to the problem. The software could cause transistors to become damaged, causing warnings lights to go off, reducing driving power, or bringing the car to a stop. The recalled vehicles were manufactured between March 2009 and February 2014. The automaker has issued massive recalls that started in 2009 affecting more than 14 million vehicles over problems including floor mats, gas pedals, and brakes. - AP























