Malaysia expanded efforts to prosecute Goldman Sachs Group Inc.employees it alleges were involved in the 1MDB fraud, filing criminal chargesagainst more than a dozen current and former senior executives based around the world.

The Pennsylvania Insurance Commissioner and the Labor & Industry Secretary said they have implemented agreements with two insurers and a state agency to protect Pennsylvania businesses from any errors in the filing of loss costs, a factor in setting workers’ compensation insurance premiums for employers.

More than two dozen projects in Central Pennsylvania were awarded millions of dollars in matching grants from the Redevelopment Assistance Capital Program (RACP), supporting both public and private construction and renovation projects across the state. The local grants are part of a broader package of grant awards $275 million for 214 projects statewide.

Susquehanna Township-based wealth management firm River Wealth Advisors has now opened a new office at 842 W. Hamilton Street in Allentown. It will be run by Judy Savchak, who serves as senior vice president and Lehigh Valley market leader, and Debbie Hippensteel, the investment portfolio manager.

North Carolina-based BB&T Corp. said its shareholders approved a merger of BB&T and Georgia-based SunTrust Banks Inc. valued at $66 billion and adopted Truist Financial Corp. as the new name of the combined company. Additionally, about 40,000 employees at both companies will each receive $1,500 bonuses.

It’s evident the cannabis industry is growing, thriving and impacting the economy in ways we have only just begun to comprehend. Last month, the York County Economic Alliance hosted our Economics Club breakfast series on the economics of the cannabis industry, featuring two industry leaders, Green Thumb Industries and Groff North America.

With additions such as online games, the Pennsylvania Lottery is reporting a record year for sales and profits.

The York Country Day School will host a networking luncheon beginning at noon on Aug. 20. School representatives are partnering with Springettsbury Township-based accounting firm Stambaugh Ness to feature tax credit expert Thomas J. Moul, CPA, leading a presentation on two different programs offered to businesses through the Pennsylvania Department of Community and Economic Development.

If you own, operate, or manage a business, you most certainly have fire insurance to protect your business property and liability insurance to cover your business in the event of a lawsuit. But what about the period of time when your business is out of business due to a fire or other property loss? This is where business interruption insurance comes in.

With online sports betting just getting out of the gate in Pennsylvania, the numbers aren’t telling the story of its revenue potential quite yet, according to experts tracking the sector. And despite what may look like a slow start, people who have been studying online sports betting and watching Pennsylvania’s foray into the industry have high expectations.

As purveyors of Bitcoin seek out mainstream acceptance, the cryptocurrency – arguably the best-known in a diverse field – may have just gotten a boost in Pennsylvania.

Stephen Gift, 63, founded Gift CPAs (formerly Gift and Associates) in 1984 and is today its managing member. The firm was named the 2019 large practice Accounting Firm of the Year by the Professional Association of Small Business Accountants. Gift CPAs has offices in five midstate locations, including Mechanicsburg and Harrisburg.

Building on its growth in Lancaster and York counties, Univest Bank and Trust Co. has hired its first commercial lender for Cumberland and Dauphin counties.

After expanding its Maryland business through a merger this spring, Orrstown Financial Services Inc. has hired former BB&T executive Christopher D. Holt to head up its operations in the Old Line state.

A legal case over a stormwater levy enacted in 2016 by West Chester borough, one of dozens of municipalities around Pennsylvania that have added the fees over the last few years to cope with stormwater runoff and comply with environmental regulations, has pitted it against West Chester University.