Friday, November 06, 2009
Fulton Bank boosts dominance in Lancaster County
Fulton Bank has widened its lead as the largest bank here, new federal statistics show. Lancaster-based Fulton has 21.30 percent of all bank deposits in the county, according to the report.
Source: Lancaster New Era/(Lancaster) Intelligencer Journal
Faulkner BMW buying Lancaster Saturn site
Faulkner BMW has found a bigger home in its current neighborhood. The dealership has agreed to buy the Saturn of Lancaster property for an undisclosed price, company officials said Thursday.
Source: Lancaster New Era/(Lancaster) Intelligencer Journal
Rite Aid rewards program test includes Harrisburg
Rite Aid customers can sign up for the retailer's new rewards program, which offers shopping discounts and special prices along with health tips. The East Pennsboro Twp.-based company is test-marketing the new wellness+ program in four areas, including Harrisburg.
Source: The (Harrisburg) Patriot-News
New York Fitness in Lebanon expands
At a time when many businesses are contracting or just treading water, New York Fitness is bulking up. That's appropriate, because good health and exercise is what the place is all about.
Source: Lebanon Daily News
Lancaster market plans to put some stands outside
A century ago, market days spilled out into Lancaster city's streets. The streets emanating from Penn Square would be lined with wagons and tables or blankets as farmers would bring their produce into the city to sell.
Source: Lancaster New Era/(Lancaster) Intelligencer Journal
Civic association plans 13 homes in Lancaster
Nearly five decades ago, houses were razed along South Duke Street in an effort to improve the neighborhood. Next year, the long-delayed promise of urban renewal will come to a small, vacant lot just off South Duke Street.
Source: Lancaster New Era/(Lancaster) Intelligencer Journal
U.S. readies jobless aid and help on homes
In separate actions to address Americans' continuing economic hardship, the government moved Thursday to assist long-unemployed workers and struggling businesses, as well as home buyers and homeowners facing foreclosure.
Source: The New York Times
Thursday, November 05, 2009
Utz backs away from Snyder's merger
Snyder's of Hanover Inc. and Utz Quality Foods Inc. said Wednesday the companies are not moving forward with a merger. "We didn't see the wisdom of continuing a protracted exercise that we didn't think was wise," Utz Chairman and Chief Executive Officer Michael Rice told the Business Journal.
Source: Central Penn Business Journal
Engineering firm settles in Harrisburg incinerator suit
A Kansas City, Mo.-based engineering firm has settled with the Harrisburg Authority as part of a federal court case the authority brought in 2007 against Barlow Projects Inc., the company blamed for botching the planned 2003 retrofit of the Harrisburg incinerator.
Source: The (Harrisburg) Patriot-News
Economic report gives Lebanon County good grades
Moody's Economy.com Web site is giving Lebanon County solid overall grades in its most recent analysis. "It helps us monitor what consultants are telling companies about us," said Charles Blankenship, president of the Lebanon Valley Economic Development Corp.
Source: Lebanon Daily News
York commissioners approve new fees for businesses
York County businesses that use scales and pumps will begin paying a new fee next year. The county commissioners on Wednesday unanimously approved fees to cover the cost of inspecting pumps and scales.
Source: The York Dispatch
Rettew of Lancaster to consult on gas drilling
Lancaster is one of only 18 Pennsylvania counties in which the gas-rich Marcellus shale formation is not found below the surface. But at least one local company is plugged into the energy rush and the controversy that swirls around it.
Source: Lancaster New Era/(Lancaster) Intelligencer Journal
Fed sees no need to raise interest rates soon
The Federal Reserve signaled on Wednesday it was not close to raising interest rates, saying that the economy remained weak even though the recession appeared to be over.
Source: The New York Times
Reports: Conflicting job numbers linked to stimulus
In June, the federal government spent $1,047 in stimulus money to buy a rider mower from the Toro Company to cut the grass at the Fayetteville National Cemetery in Arkansas. Now, a report on the government's stimulus Web site improbably claims that that single lawn mower sale helped save or create 50 jobs.
Source: The New York Times
Wednesday, November 04, 2009
PPL's $440M Holtwood plant expansion approved
A PPL Corp. subsidiary got approval Tuesday for a $440 million expansion of its Holtwood hydroelectric plant along the Susquehanna River between Lancaster and York counties.
Source: The (Allentown) Morning Call
Owners: Lancaster stockyards developer gets financing
The redevelopment of the former Lancaster stockyards is poised to take a major step forward in November, according to the owners of the roughly 18-acre property. Developer Tim Harrison has indicated he hopes to purchase the property Nov. 16, said Charles B. Diller, vice president and treasurer of property owner Lancaster Stockyards Inc.
Source: Central Penn Business Journal
Northwest Triangle: York's last chance'
All eyes in York are about to turn to the Northwest Triangle. The York City Redevelopment Authority has been working for nearly five years to plan the project, acquire the necessary properties and prepare the 11-acre brownfield in downtown York for development -- a roughly $15 million investment comprised of federal, state and local contributions.
Source: Central Penn Business Journal
Manheim Amelia's grows
This week, Amelia's Grocery Outlet is finishing up a $400,000 renovation of its Manheim store.
Source: Lancaster New Era/(Lancaster) Intelligencer Journal
In October, signs of life at retailers
October was far and away the best month American retailers have had since consumers put the brakes on spending last autumn. Major categories had robust sales growth for the first time in more than a year, new figures show.
Source: The New York Times
House bill would assure workers paid sick days
In an effort to rein in the spread of the H1N1 flu, Representative George Miller, the chairman of the House Education and Labor Committee, introduced legislation on Tuesday that would guarantee five paid sick days for workers sent home by their employers with a contagious illness.
Source: The New York Times
Chrysler may phase out most Dodge products
Chrysler Group LLC is preparing to unveil a five-year plan today that is heavily dependent upon products and technology from its partner, Italian automaker Fiat.
Source: Pittsburgh Post-Gazette
World Bank raises forecast for China's economy
The World Bank on Wednesday became the latest major institution to raise its forecast for growth in China a reflection of that country's rapid rebound this year though it cautioned that more policy adjustments would be necessary in the medium term to ensure the country's recovery would be sustained.
Source: The New York Times
Tuesday, November 03, 2009
Lancaster County lumber firm closes 2 of 3 sites
Hurt by the slumping construction industry, Stock Building Supply is closing two of its three locations here, a company spokeswoman said Monday. The company, which emerged from bankruptcy this summer, operates the former Denlinger facilities two in Paradise and one in Kinzers.
Source: Lancaster New Era/(Lancaster) Intelligencer Journal
Trustee: Lebanon's Kolovani violated Chapter 11 terms
The court-appointed trustee in Lebanon developer Bill Kolovani's bankruptcy case has filed a motion requesting the case either be dismissed or the bankruptcy petition converted from Chapter 11 to Chapter 7, which would mean the liquidation of Kolovani's assets.
Source: Lebanon Daily News
Study questions benefit of Pa.'s state-store control
A new study that looked at state-controlled liquor-control systems and private systems questions long-held assumptions that state-run stores help control alcohol abuse and reduce problems with underage drinking.
Source: The (Harrisburg) Patriot-News
Sylvan View tract sold by East Hempfield Township
Three months after rejecting an offer for the former Sylvan View dairy property along Harrisburg Pike, East Hempfield Township supervisors approved a higher bid for the prime commercial site.
Source: Lancaster New Era/(Lancaster) Intelligencer Journal
Groups compete for York's block grant funds
Every year, York City gets funding from the U.S. Department of Housing and Urban Development for community improvement projects. And every year, the city has to turn away service groups hoping for a piece of that funding.
Source: The York Dispatch
Lack of paid sick days may aid flu pandemic
Public health experts worried about the spread of the H1N1 flu are raising concerns that workers who deal with the public, like waiters and child care employees, are jeopardizing others by reporting to work sick because they do not get paid for days they miss for illness.
Source: The New York Times
Rule would aid unionizing at airlines, railroads
Workers at U.S. airlines and railroads would have an easier time forming unions if the National Mediation Board succeeds in changing a 75-year-old rule on union organizing.
Source: The Philadelphia Inquirer
At the negotiating table for 2010's travel, hotel rates
Travel management companies are in the midst of negotiating next year's hotel and airline rates on behalf of their corporate clients, an annual ritual that was thrown into turmoil last fall when the economy collapsed, dragging down business travel with it.
Source: The New York Times
Monday, November 02, 2009
Pinnacle, WellSpan reveal potential merger details
The boards of directors of Harrisburg-based PinnacleHealth and York Township-based WellSpan Health signed an agreement this week that outlines a potential merger, the two health care organizations this afternoon announced.
Source: Central Penn Business Journal
State submits additions to I-80 tolling plan
Pennsylvania has submitted additional details to the Federal Highway Administration for the proposal to toll Interstate 80 and use the money to fund transportation improvements around the state.
Source: Central Penn Business Journal
State still offering Harley $15M
A state offer to give Harley-Davidson Inc. at least $15 million in state money still stands, regardless of the company's plans to cut hundreds of jobs at the Springettsbury Township plant, said a spokesman for Gov. Ed Rendell.
Source: The York Dispatch
Printer opens expanded home in Myerstown
Little Mountain Printing Inc., a commercial printer and publisher of The Fishwrapper, held a ribbon cutting and dedication ceremony recently to open the newly renovated and expanded 15,000-square-foot facility at 234 E. Rosebud Road, Myerstown.
Source: Lebanon Daily News
Lantern Lodge in Myerstown links with national chain
Like many in the hospitality business, the Shah family has seen income decline the past two years at their hotel. That doesn't mean they've decided to sit back, feel sorry for themselves and hope the economy improves.
Source: Lebanon Daily News
Burned Lickdale BBQ eatery to reopen
Although nine months "isn't a long time in the grand scheme of things," as Oliver Gruber says, "it's been a lifetime for me." Gruber, along with his wife, Amy, ran the Smokestack Lightning BBQ restaurant in Lickdale until a fire destroyed the business in February.
Source: Lebanon Daily News
Marcellus shale landowners pool information on gas
For decades, developers of natural gas bought mineral rights in northern Pennsylvania for a few bucks an acre, and that was the end of the story -- no drilling ever took place. So Ronald B. Stamets balked when a land man showed up two years ago and offered him $500 an acre for a gas lease.
Source: The Philadelphia Inquirer
Risks and rewards on China's new stock board
The opening of a Nasdaq-style stock board in China is already being seen as a watershed moment for the country's capital markets, providing new but volatile opportunities for mainland Chinese investors and an alternative source of financing for start-up companies.
Source: The New York Times
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