Finance

Fed: Philly region slightly more upbeat than others

Many U.S.
regions skidded deeper into recession in January and February, but most of Pennsylvania simply saw
continued economic weakness, according to a new report.

Orrstown gets OK for Nasdaq, but delays debut

Orrstown Financial Services Inc. will delay its debut on the
Nasdaq amid continued turmoil in the stock markets.

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Angelsoft search engine finds investors

No, this is not a post about toilet paper.

A New York-based company called Angelsoft today revealed a search
engine that finds investors. Angelsoft bills itself as a company that
helps startups and investors better communicate.

Click here

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Every company is important

I cringe when I hear the
term "too big to fail." Sometimes "too big to fail" carries the notion
that it's OK for small firms to enter bankruptcy, but certain large
organizations that are politically or culturally favored get special
treatment.

Click here[...]

Bon-Ton comparable-store sales fall 8.5 percent

The Bon-Ton Stores Inc. today announced comparable-store
sales sunk 8.5 percent in February when compared with the same period last
year. Comparable-store sales are sales at stores open for at least a year.

Rite Aid same-store sales drop in Feb., Q4; rise in fiscal year

Rite Aid Corp. today announced same-store sales dropped 0.9
percent in February when compared to the year-ago period. Same-store sales are
sales at stores open at least a year.

Gov. Rendell to use stimulus money for education

Gov. Ed Rendell today announced plans to use $779 million in
federal stimulus money meant for stabilizing the state budget to fund
universities and school districts.

Shareholders approve Graystone-Tower merger

Shareholders of Graystone Financial Corp. and Tower Bancorp
Inc. yesterday voted at separate meetings to merge the two banks.

$10.3M settlement proposed in Sterling Financial scandal

Lawyers have negotiated a $10.3 million settlement over the
collapse of Sterling Financial Corp. in a fraud scandal two years ago.

BLOG UPDATE: the gadget cube

SD cards encrypt data on Windows Mobile 6.1 smartphones, BlackBerry devices

Good
news for IT administrators who have offices full of smartphone junkies:
SD cards that encrypt data on Windows Mobile 6.1 smartphones and e-mail
on BlackBerry devices.

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Gift-certificate company folds, affects midstate chamber programs

Two of the midstate’s chambers of commerce are being forced
to suspend their gift-certificate programs.

Heavy burden

Heavy-equipment manufacturers are cutting Central
Pennsylvania jobs, and there doesn't appear to be relief in sight
for companies that make trucks and equipment for construction trades.