The Pennsylvania State Employee's Retirement System voted last week to move $2.1 billion into passive investments, garnering praise from officials who had pushed for the fund to reduce fees paid to money managers. But the system also bumped down its assumed rate of return, increasing its unfunded liability by about $1 billion.

In its annual report, Rite Aid Corp. is telling its shareholders to expect $6.50 per share if the company's acquisition by Walgreens Boots Alliance is finalized, a price that is on the lower end of a scale previously announced by the merger partners.

The state's Independent Fiscal Office says you, your company and your assumptions about lower federal tax rates under President Donald Trump are to blame for much of Pennsylvania's poor revenue performance this fiscal year.

A state-affiliated housing agency is auctioning off tax credits under a new program designed to help pay for mixed-use developments across the commonwealth.

Billy Thompson was out cold with the flu when his office got the call that could blow up his burgeoning business's bottom line.

With nine weeks to go until the end of the current fiscal year for Pennsylvania, the commonwealth is on pace to report a cumulative $3 billion budget deficit, as April tax collections continued the trend of disappointing monthly results.

As they celebrate Small Business Week along with peers around the country, a majority of small-business owners in Central Pennsylvania are anticipating growth in their cash flow over the next six months, according to responses submitted in the first edition of the CPBJ Small Business Activity Index.

An in-the-works midstate bank is adding another banking veteran to its leadership team.

John Lewis began in the insurance business in 1971, going door-to-door to collect premiums in St. Clair, Schuylkill County. One of his early “filing cabinets” was a Xerox paper box.

Fulton Financial Corp. is returning its sights to a major expansion project in downtown Lancaster.

The percentage of midstate homebuyers using Federal Housing Administration loans, which are typically associated with first-time buyers, was up in the first quarter, according to California-based ATTOM Data Solutions.

Northwest Bancshares is shuttering its consumer loan subsidiary after reporting disappointing first-quarter earnings.

Centric Bank CFO Sandra Schultz was recently appointed to the board of the Cleve J. Fredricksen Library in Camp Hill, while the bank's chief retail officer Leslie Meck is joining the advisory board of the Harrisburg Salvation Army.

Gov. Tom Wolf and Treasurer Joe Torsella fleshed out on Monday their proposals to cut fees paid by the state's pension funds, billing their suggestions as first, easy-to-accomplish steps in addressing the funds' roughly $74 billion shortfall.

About 100 bankers will amass in Harrisburg on Monday to share their legislative hopes with state lawmakers.