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The U.S. District Court for the Middle District of
Pennsylvania ruled that the Pennsylvania Builders Association (PBA), its
subsidiary Builders Services Inc. (BSI) and trustees of the group's benefit
trust must restore $5 million to the association's benefit trust, and pay a
$500,000 fine for allegedly misusing trust assets, the U.S. Department of Labor today announced.
The lawsuit lodged by U.S. Secretary of Labor Elaine L. Chao alleges that trustees misused plan assets to pay royalties to Lemoyne-based PBA
from 2000 to 2007, administrative costs to BSI over the same period and for
political lobbying from 2002 to 2004, according to the department.
The trust is sponsored by PBA, and BSI administers it. It
provided health, life insurance, dental, vision and temporary disability
benefits to 12,616 participants as of 2006, according to the Department of
Labor.
The ruling also bars trustees from using plan assets to pay
royalties or licensing fees to PBA, prevents trustees from contracting with PBA
for administrative services in exchange for payment and prohibits the use of
trust assets for lobbying, according the department. Trustees must receive
eight hours of fiduciary training each year for the next five years as required
by the ruling.
Wormleysburg-based Harsco Corp. received a $20-million
contract extension for scaffolding and work platforms being used in the
painting of a historic bridge in Scotland.
The contract is a three-year extension of work on the
scaffolding that London-based engineering and construction firm Balfour Beatty used
to refurbish the Forth Rail Bridge in
eastern Scotland,
according to Harsco.
That bridge is the oldest cantilever bridge in the world
still in operation, according to Forth Bridges Visitor Center Trust. The bridge
opened for railway traffic in 1890. The bridge is also the second-longest
cantilever bridge in the world, at
1,710 feet.
A cantilever bridge uses steel beams and trusses to form two
arms anchored at one end. A suspended bridge section is supported in the middle
by the two arms. The design requires fewer supports underneath, allowing for
longer bridges.
Repainting and renovations of the Forth Rail Bridge began in 1998. Balfour Beatty
took over the project in 2002.
Harsco, based in Cumberland
County, provides services and products to businesses,
including those in the non-residential construction, steel and metals, energy
and railway sectors.
About 40 business and industry leaders from around the state
met in Harrisburg this morning to discuss
initiatives to bolster science, technology, engineering and math (STEM)
education in Pennsylvania.
The meeting focused on concerns about the current and future
STEM workforce, said Steve Infanti, a spokesman for Harrisburg University of
Science and Technology.
The university's provost and executive vice president, Eric
Darr, is a member of the leadership team for Pennsylvania's STEM Initiative, a statewide
program to develop and implement strategies for increasing the number of
students graduating and working in STEM fields.
The initiative is a joint partnership among the Team Pennsylvania
Foundation; the state departments of Education and Labor and Industry, among others; the National Governors Association; the
National Girls Collaborative Project; the Pennsylvania Association of Colleges
and Universities; and AT&T Inc.
The former office of the Richard B. Ryon insurance agency in
Camp Hill was sold to a group that is using it to start a new agency, Cornerstone
Insurance Specialists.
Richard B. Ryon Insurance is based in Schuylkill
County and has an office in Northampton County.
The buyers of the local business include Bob Peiffer, who
previously led the office for Richard B. Ryon. Peiffer bought it with partners
who are also owners of Wilson Gregory Agency Inc., a specialty insurance agency
in Cumberland County, he said.
"We think there's tremendous potential for growth in
different market segments -- in the personal-lines areas and in the commercial
area and in developing association-programs," Peiffer said.
The new owners are keeping up relationships with most of the
insurance carriers that Richard B. Ryon did business with, he said. One of
Cornerstone's strengths is its ability to help clients develop workplace-safety
programs, Peiffer said. Benefits include reductions in workers' compensation
costs and smooth sailing during inspections by the U.S. Occupational Safety and
Health Administration, Peiffer said.
"I'm not as intimidating as OSHA is," he said.
Passenger traffic at Harrisburg International
Airport increased 0.65
percent in July when compared to the same period last year, according to the
Susquehanna Area Regional Airport Authority. The authority owns and operates
the Dauphin County airport.
Nearly 115,000 passengers used the airport in July. The
number of available seats increased 7 percent last month when compared to the
year-ago period. Seventy-five percent of all departing seats were filled in
July, which is down from 80 percent in July of last year.
The Technology Council of Central Pennsylvania today
announced that its TechQuest-Broadband initiative was awarded a $250,000 grant
from the state Department of Community and Economic Development (DCED).
TechQuest-Broadband connects broadband Internet buyers
together to cluster demand, said Kelly Lewis, president of TechQuest/Technology
Council of Central Pennsylvania.
Often, gathered demand leads to better pricing, more broadband
at that price and service-level enhancements, he said.
The grant will help the council make broadband available to
more businesses and schools, according to the council.
"It's strengthened the efforts to get advanced broadband
into Central Pennsylvania and the rest of the
state," Lewis said.
The Technology Council has co-branded itself as TechQuest-PA/Technology
Council of Central Pennsylvania for about the past year and a half. TechQuest
delivers the council's services, and the council is the corporate entity, Lewis
said.
The initiative's immediate goal is to get advanced broadband
out to businesses and people, Lewis said.
Oil prices today rose above $117 a barrel on concerns that Tropical
Storm Gustav may disrupt operations in the Gulf of Mexico, home to a quarter of
U.S. crude production.
By midday in Europe, light,
sweet crude for October delivery was up $1.40 at $117.67 a barrel in electronic
trading on the New York Mercantile Exchange. The contract rose $1.16 overnight
to settle at $116.27 a barrel.
In London,
October Brent crude rose $1.15 to $115.78 a barrel on the ICE Futures exchange. -The Associated Press
Orders for big-ticket manufactured goods turned in a second
consecutive strong monthly performance in July, a far bigger-than-expected gain
led by a huge jump in demand for commercial aircraft.
The Commerce Department today said orders for durable goods
rose 1.3 percent last month, far above the slight 0.1 percent increase
economists had been expecting. -The Associated Press
Less than an hour before today's Democratic convention calls
the roll of the states, Hillary Rodham Clinton began an emotional gathering
with her delegates by telling them she was releasing them as delegates to vote
for Barack Obama.
Many in the crowded ballroom yelled back "No!"
Clinton
told her delegates she's not telling them what to do, adding: "You've come
here from so many different places, having made this journey and feeling in
your heart what is right for you to do."
Clinton
told her loyal followers: "I want you to know that this has been a joy.
Yes, we didn't make it. But, boy, did we have a good time."
Democrats were poised to formally deliver the party's
presidential nomination to Barack Obama on Wednesday, making him the first
black nominee of a major party. While the historic outcome was certain,
suspense remained over how the vote of delegates would proceed, and for how
long. -The Associated Press
Three years after Hurricane Katrina slammed into the Louisiana coast, New
Orleans residents today again confronted the prospect
of an evacuation as Tropical Storm Gustav loomed.
Not since Katrina struck on Aug. 29, 2005, have residents
faced a forced departure from their homes and businesses as many still struggle
to rebuild their lives in a city famed for its jazz clubs and Mardi Gras
festival.
Storm levees broke under the onslaught of Katrina, flooding
80 percent of New Orleans and killing almost
1,500 people in the city and along the Gulf of Mexico
coast. The hurricane caused $125 billion in wind and flood damage.
With Tropical Storm Gustav swirling near Cuba and likely to enter the Gulf of Mexico as a
hurricane this weekend, Louisiana Gov. Bobby Jindal said an evacuation could
begin as early as Friday -- three years to the day after Katrina inundated New Orleans.
Jindal said he had activated the state's catastrophic action
team and could declare a state of emergency as early as tomorrow. He also put
the Louisiana National Guard on alert. -Reuters
Gustav today swirled toward Cuba
after triggering flooding and landslides that killed at least 22 people in the Caribbean. Its track pointed toward the U.S. Gulf coast,
including Louisiana
where Hurricane Katrina wreaked havoc three years ago.
"We know it's going to head into the Gulf. After that,
we're not sure where it's heading," said Rebecca Waddington, a
meteorologist at the Miami-based National
Hurricane Center.
"For that reason, everyone in Gulf needs to be monitoring the storm. At
that point, we're expecting it to be a Category 3 hurricane."
Today, Gustav was moving off of Haiti's
southwestern peninsula into the waters between Cuba
and Jamaica.
Its tentative track pointed directly at the Cayman Islands,
an offshore banking center where residents boarded up homes and stocked up on
emergency supplies in preparation for a possible direct hit Friday. -The
Associated Press
A U.S.
military ship carrying humanitarian aid today docked at the Georgian Black Sea port of Batumi,
avoiding the port
of Poti, which is still
controlled by Russian forces.
The move came amid escalating tensions between Russia and Georgia's Western allies. Batumi, where the Coast Guard cutter Dallas docked, is
well south of the zone of fighting in this month's war between Russia and Georgia.
The United States
and European nations have assailed Russia's
recognition yesterday of two Georgian territories as separate nations, and Moscow has also criticized the U.S.
for bringing humanitarian aid into Georgia on military ships. -The
Associated Press
Kindle: To buy, or not to buy? Click here to read Andréa Maria Cecil's latest shiny post.
What the Olympics can teach you about finances. Click here to read Rose Anderson's latest blog post.
Click here to watch today's Small Business School clip: "Daily insight and inspiration for growing your business."
Should Harrisburg
officials overhaul a 1950s-era ordinance relegating tattoo shops to areas zoned
as heavy-industrial? Why or why not?
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Yes.
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Results will be published in the Fri., Sept. 5 edition of the Business Journal. Comments may be published. If you wish to comment, please include your name and the county where you live. The deadline to respond is 10 a.m. Tues., Sept. 2.
Three vast tunnels were opened under central Berlin this month,
giving a glimpse of Adolf Hitler's megalomaniac vision of a new architectural
centre for the capital of Nazi Germany.
The 50-foot deep tunnels were constructed in 1938 as part of
an underground transport network beneath a series of bombastic buildings
designed by Nazi architect Albert Speer, including the biggest domed hall the
world had ever seen.
The overground plans, never completed because of World War
Two, included boulevards, squares and huge buildings, such as an arch dwarfing
the Arc de Triomphe in Paris,
and the 290-metre high Great Hall, with room for 180,000 people.
Hitler called the concept, a symbol of the power of the
Third Reich, "Berlin -- the capital of
the world" but in recent times it has come to be known as "Germania."
The tunnels, between 90 and 220 meters long lying beneath
the Tiergarten park, would have accommodated roads and a railway line.
After the war, British forces in divided Berlin closed the tunnels. They were
rediscovered in 1969 but have remained shut. In 1990, a year after the fall of
the Berlin Wall, they were handed to the city of Berlin.
The Berlin Underground Association, set up in 1997, has seen
a surge in interest in tours of Berlin's
remaining bunkers.
Although most were destroyed, some of the maze of 1,000 World
War Two bunkers are intact and serve as a reminder of the city's violent
history. -Reuters