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York Entrepreneur auditions for Shark Tank
Toni Calderone, founder and CEO of York-based Pastanito auditioned for ABC’s hit entrepreneurial show Shark Tank.
KKR to acquire Janney Montgomery Scott from Penn Mutual
Global investment firm KKR and The Penn Mutual Life Insurance Co. (“Penn Mutual”) have signed a definitive agreement under which investment funds managed by KKR will acquire Janney Montgomery Scott LLC.
Government policies drive market sentiment so far in 2024
2024 has had the best start for stocks since 2019, with the S&P 500 passing the 5,000 level for the first time and returning 10.6% over the first quarter.
Year-end financial planning: Setting the stage for a financially successful new year
As the year draws to a close, it’s an opportune time to reflect on your financial situation and make strategic moves to set yourself up for a successful 2024.
Energy coalition gets support from labor unions, Philadelphia chamber
The Chamber of Commerce for Greater Philadelphia and two labor unions have thrown their support behind Harrisburg-based Energy Future PA, a nonpartisan initiative to advance the state’s national energy leadership.
F&M Trust renames investment and trust services department
Chambersburg-based F&M Trust’s investment and trust services department has been renamed to more accurately reflect the services and solutions it provides.
Lancaster startup faces claims of security law violations in investor lawsuit
Three investors in Lancaster-based GenHydro claim the company is withholding financial records from them after they say it potentially committed insider transactions that could violate securities laws.
Pa. Treasury creates new position to beef up INVEST program
The Pennsylvania Treasury has created a new position within its Bureau of Cash Management to help local governments and nonprofits meet their financial goals.
Company that makes technology for seniors gets $100,000 investment
New Oxford-based Ambient Homes LLC, a company that provides integrated smart home solutions for senior living communities, announced a $100,000 investment from Ben Franklin Technology Partners.
Diversification and patience are key in inflationary economy
To protect retirement accounts amid this inflationary economy, a local financial advisor says the key is diversification and patience.
Long-term care facilities receive nearly $12 million investment from DOH
To help long-term care facilities build resilience to sustain quality care as the population ages, the Department of Health (DOH) announced plans to distribute approximately $11.7 million in federal Centers for Disease Control (CDC) funding.
Custom apparel maker L2 Brands bought by private equity firm
Hanover-based L2 Brands, a designer, manufacturer and marketer of custom apparel and headwear for the collegiate, destination and leisure, and corporate markets, has been acquired by private equity firm Sentinel Capital Partners for an undisclosed price.
