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.
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Finance
State revenue hurt by decline in corporate profits, weak consumer spending
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.
Read More »PHFA accepting bids for new tax credit program
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.
Read More »No sweat: Midstate native pitches specialty shirts on ‘Shark Tank’
Billy Thompson was out cold with the flu when his office got the call that could blow up his burgeoning business's bottom line.
Read More »Pa. tax hole worsens in April
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.
Read More »Small Business Week: What do business owners see on the horizon?
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.
Read More »Startup Advantage Bank adds another director
An in-the-works midstate bank is adding another banking veteran to its leadership team.
Read More »York’s ISU insurance agency buys Lancaster County firm
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.
Read More »Fulton revives $21M HQ expansion in Lancaster
Fulton Financial Corp. is returning its sights to a major expansion project in downtown Lancaster.
Read More »Home sales to FHA buyers rise in the midstate
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.
Read More »Northwest Bank parent axes consumer loan offices, including two in midstate
Northwest Bancshares is shuttering its consumer loan subsidiary after reporting disappointing first-quarter earnings.
Read More »Centric Bank execs join library, Salvation Army boards
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.
Read More »Governor, treasurer ramp up efforts to slash fees paid by pension funds
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.
Read More »Blight bills, taxes likely topics at Bankers Day in Harrisburg
About 100 bankers will amass in Harrisburg on Monday to share their legislative hopes with state lawmakers.
Read More »Q1 results start rolling in for midstate banks
Banks had long been positioning themselves for the Fed to increase interest rates. Now, as rates inch up, some are starting to reap the rewards of that preparation, as well as of an overall improving economy.
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