Highmark to require more pre-authorizations
Hoping to save money and cut back on what it views as unnecessary treatment, health insurer Highmark Inc. will require prior authorization for certain "physical medicine" therapies, such as occupational therapy and chiropractor services, starting Sept. 1.
Push to privatize booze on hold in Pa.
House Majority Leader Mike Turzai (R., Allegheny) officially pulled the plug, for now, on a proposal to privatize the state Liquor Control Board.
US builders start more single-family homes
U.S. builders started work on more single-family homes in May and requested the most permits to build homes and apartments in three and a half years. The increase suggests the housing market is slowly recovering even as other areas of the economy have weakened.
G-20 leaders divide over euro-zone crisis
World leaders papered over their differences after clashing over the euro-zone debt turmoil, deferring concrete decisions to other meetings amid worries about another global crisis.
Greece poised to form new coalition
Greece inched closer on Wednesday to forming a coalition aimed at securing crucial funding for the debt-wracked country and revising an onerous bailout deal, with the leader of the conservative party New Democracy expected to announce a new government with the Socialists and a small leftist party later in the day.
Fed: Pa. economy stable in May
Pennsylvania's economy remained stable in May, though fewer workers are taking on more work, according to the Federal Reserve Bank of Philadelphia's latest coincident index, released this morning.Read More »
Bon-Ton receives consents for debt exchange
A subsidiary of The Bon-Ton Stores Inc. has received consent from the holders of a majority of certain outstanding debt to alter an agreement and exchange old notes for new notes in a refinancing move, according to a news release.Read More »
Hershey: No India announcements despite Godrej rumor
Chocolate giant The Hershey Co. today said that it has no announcements regarding its business in India, despite the Economic Times of that country again reporting that Hershey would buy out its joint venture partners and go it alone there.Read More »
FedEx Freight expanding Lower Swatara facility
A dock expansion at FedEx Freight in Lower Swatara Township is expected to wrap up this fall, company spokeswoman Heather Hunter said.Read More »
Health Care Report 2012
Healthcare options continue to grow in the midstate as health systems add locations away from their hub of operations, physician-staffed walk-in centers proliferate, acquisitions expand resources and the availability of in-home alternatives stretches to meet demand. All the moving pieces come together in the Central Penn Business Journal's 2012 Health Care Report.Read More »
Report: Highmark must spend more than $475M on hospital
The $475 million commitment made by Highmark Inc. to bail out the West Penn Allegheny Health System is not going to be enough to turn it around, according to a new report from Moody's Investors Service.Read More »
Business: Microsoft’s long and tortured history in tablets
For decades, the tablet computer was like a mirage in the technology industry: a great idea, seemingly reachable on the horizon, that disappointed as hopeful companies got closer. Microsoft has experienced this cycle of hope and disappointment many times. Continue reading
U.S.: Record number of drivers to hit the road on July 4: AAA
Motorists will travel in record numbers for the Independence Day holiday this year, encouraged by cheaper gasoline, travel group AAA said on Tuesday. Continue reading
World: Frustration mounts at deadlock in Iran nuclear talks
Iran and world powers blamed each other on Tuesday for the lack of progress in talks on Tehran's nuclear program, which has dimmed hopes of a breakthrough to avert the threat of a new Middle East war. Continue reading
Out of the Ordinary: Students left in ‘mass hypnosis’ after demonstration goes awry
A group of young students at an all girls school were left in "mass hypnosis" after a demonstration from a fledging hypnotist reportedly left them locked in a trance. Continue reading