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Author Archives: Garry Lenton

Deciphering Cryptocurrency

Chip Rutan watched in recent weeks as the value of cryptocurrencies plummeted. To him, it was all part of the up and down cycles he has witnessed since he first bought cryptocurrencies about four years ago. “This is kind of the pattern that it always has been,” said Rutan, owner of Rutan Productions in New Cumberland. “You watch. It will ...

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A short history of cryptocurrencies

Today, there are thousands of cryptocurrencies, but they can all trace their origins to one, Bitcoin, which was created in 2008. Here is a look at some of the basics about cryptocurrencies, largely based on information found at Schwab.com, an international financial services company, and Coinbase.com, an online cryptocurrency exchange and information platform. The beginning According to both Schwab and ...

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Hershey Co., Land O’Lakes, Chesapeake Bay Alliance collaborate to foster sustainable dairy production in Pa.

The Hershey Co., Land O’Lakes Inc. and the Alliance for the Chesapeake Bay are collaborating on Sustainable Dairy PA, an initiative to reduce greenhouse gas emissions and help improve water quality in the Chesapeake Bay watershed. The global confectioner is providing initial funding of $300,000 to support the alliance and Land O’Lakes in helping to install agricultural conservation practices on ...

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The PRO Act is called a ‘game changer’ by unions, and a threat to worker freedom by right-to-work advocates

The PRO Act, a prospective legislative move currently under consideration in the U.S. Senate Committee on Health, Education, Labor and Pensions, as proposed would ban state right-to-work laws, require employers to provide personal employee information to unions, such as cell phone numbers and addresses, and make it harder for companies to legally hire gig workers.

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Turkey Hill taps former Hostess executive to be its CEO

Lancaster County-based Turkey Hill LLC, a major manufacturer and distributor of branded ice cream, frozen novelties and refrigerated drinks for retail, food service and alternative channels, appointed Andy Jacobs as CEO and Paul Gagliano as chief customer officer. Jacobs was most recently executive vice president, chief customer and experience officer, and chief operating officer at Hostess Brands. Prior to that, served as president of ...

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David DiGiacomo named CFO of Lititz-based Benecon

David P. DiGiacomo joined Lititz-based Benecon Group LLC as Chief Financial Officer. DiGiacomo was CFO for PetroChoice LLC, the largest distributor of finished oil lubricants and related materials in the United States. Prior to working for PetroChoice, DiGiacomo served as senior vice president of finance for FIS, formerly SunGard, in Philadelphia. He has a bachelor’s degree from the University of ...

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Hershey completes purchase of Colorado-based Lily’s

The Hershey Co. has completed its acquisition of fellow confectioner Lily’s – first announced in May – for $425 million. “Lily’s is a great addition to Hershey’s growing portfolio of better-for-you snacking brands, and we are excited to add this high-growth, leading BFY brand and to get to work with its talented and innovative team,” said Chuck Raup, president, U.S. at Hershey, in a ...

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