Regional dealmakers came to life in the second half of 2024 as interest rates came down. Nonetheless, the volume of mergers and acquisitions in Central and
State lawmakers yesterday began to put some legislative meat on the bones of an energy plan unveiled in January by Gov. Josh Shapiro.The lawmakers issued a series of memos seeking sponsors for elements of the six-point plan, which is designed to lower prices, speed up construction of new power sources and encourage environmentally friendly forms of […]
When tariffs took effect last week, leaders at JLS Automation decided to hold off a few days on importing a piece of equipment due in from Canada.It was not the threat of the tariffs as much as it was the potential for congestion at the border as shippers tried to avoid the extra charges, said Craig Souser, […]
President Donald Trump is firing the first shots in a long-expected trade war that will affect billions of dollars of goods flowing in and out of Pennsylvania.Over the weekend, Trump signed executive orders imposing tariffs of 25% on goods from Mexico and Canada, and 10% on goods from China.Energy imports from Canada will be subject […]
High interest rates hampered mergers and acquisitions for much of 2024, as did uncertainty over the outcome of the presidential election.Nonetheless, Central Pennsylvania saw plenty of dealmaking over the last year.The roundup below includes the usual suspects like banks and insurance brokerages, but it also features companies that make hammocks, home runs and virtual-reality games. January: […]
President-elect Donald Trump made hay during the campaign with pledges to end taxes on tips and overtime pay. It’s unclear whether the proposals will gain traction in the U.S. Congress, given their potential cost.But the debate is likely to play out in Harrisburg, as well.In recent weeks, Pennsylvania lawmakers have floated proposals to eliminate state income […]
App-based food-delivery service DoorDash disclosed yesterday the results of a pilot benefits program introduced for the company’s Pennsylvania drivers. The program addresses concerns that independent contractors such as DoorDash drivers lack the workplace benefits enjoyed by employees, such as retirement plans and health insurance.Under the program, the company has been contributing 4% of eligible drivers’ earnings […]
A Palmyra-based specialty distributor plans to lay off about 100 people working at three locations in Lancaster and Lebanon counties by the end of this year.The move stems from an expected decline in business and resulting corporate restructuring, according to a layoff notice from the company, DAS Companies Inc. Efforts to reach the company yesterday were not […]
Companies in Central Pennsylvania and beyond are bracing for a strike that could upend supply chains across the U.S.Workers who load and unload cargo at ports on the East and Gulf Coasts are poised to go on strike at midnight tonight, an outcome that looks increasingly likely to Peggy Stewart, international operations officer for Nexterus, a […]
Yesterday’s half-point cut to interest rates will make businesses more comfortable with borrowing, particularly if they have an immediate need to spend.However, others may continue to hold off, anticipating further rate cuts and awaiting the outcome of the presidential election in November.That’s the view of local financial executives who spoke yesterday with biznewsPA shortly after […]
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