U. S. Steel sells Transtar business
United States Steel Corporation recently announced it is selling its Transtar business to a Fortress Transportation and Infrastructure Investors (FTAI) affiliate for $640 million. “By selling Tra...
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Kraft Heinz sells nuts business to Hormel Foods
Pittsburgh-based Kraft Heinz Company announced Monday that it has sold its nuts business to Hormel Foods Corporation for $3.35 billion. Previously, the company said it would divest most of its pro...
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Sen. Yaw visits Shell petrochemical plant in Beaver County
Sen. Gene Yaw (R-Bradford/Lycoming/Sullivan/Union counties), members of the Pennsylvania House of Representatives, and labor and economic leaders recently toured the $6 billion Shell petrochemical pla...
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Resolution would create commission focused on updating education system
A concurrent resolution soon to be introduced in the state Senate would create a bicameral, 18-month commission focused on the state’s education system. The 2030 Commission on Education and Econo...
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Arconic Publishes 2020 Sustainability Report
Pittsburgh-based Arconic Corporation announced it is continuing its path towards sustainability, as evidenced by its release of its 2020 Sustainability and Environmental, Social and Governance Report ...
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AmerisourceBergen acquires Alliance Health Care businesses
AmerisourceBergen Corporation announced Tuesday that it had completed its acquisition of the majority of Walgreens Boots Alliance’s Alliance Healthcare businesses. AmerisourceBergen purchased th...
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Pennsylvania Industrial Development Authority approves two loans totaling more than $2M
The Pennsylvania Industrial Development Authority (PIDA) recently approved two low-interest loans totaling $2.3 million. Through the Bucks County Economic Development Corp., Home Reserve was approv...
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Hershey releases 2020 sustainability report
The Hershey Co. recently released its 2020 Sustainability Report, which reviews the company's holistic sustainability strategy and highlights progress on key environmental and social initiatives. "...
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Westinghouse purchases Canadian tooling company
Westinghouse Electric Co. recently completed the purchase of Canada-based Laveer Engineering, a custom tooling and solutions provider. The purchase allows Westinghouse to expand its Canada Deuteri...
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Dollar Mutual Bancorp, Standard AVB Financial merge
Dollar Mutual Bancorp recently completed its merger with Standard AVB Financial. "We are ecstatic to announce the completion of this merger and welcome Standard Bank into the Dollar family," Doll...
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Adelphia Gateway project gets go ahead from FERC
Adelphia Gateway, LLC announced Friday that it had received a Notice to Proceed with the second phase of the project from the Federal Energy Regulatory Commission. The project will convert 50 mile...
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Sheetz becomes first convenience store chain to accept bitcoin
Altoona-based Sheetz, a mid-Atlantic restaurant and convenience chain, announced Thursday that it will enable digital currency payments via Flexa, the pure-digital payments network, which will allow c...
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Allied Resources Group acquires RTR Energy Solutions
Exton-based Allied Resources Group (ARG) announced Wednesday that it has acquired RTR Energy Solutions (RTR), a project management services provider to the power delivery systems industry. With of...
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State Senate advances four regulatory reform bills to bolster employment rate
The Pennsylvania Senate recently advanced four bills addressing job regulations to boost the state’s employment rate while emerging from the COVID-19 pandemic. Senate Bill 28 would require agenci...
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Senate Finance Committee advances two COVID relief bills
The state Senate Finance Committee recently advanced two bills designed to help businesses recover from the COVID-19 pandemic. Both bills were written by state Sen. John Yudichak (I-Luzerne/Carbon)...
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Committee advances tax code bill
The state Senate Finance Committee recently advanced legislation that would expand the 21st Century Manufacturing Innovation and Reinvestment Deduction Act. Under the current Manufacturing Innovati...
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MSA Safety to purchase gas detection company
MSA Safety Incorporated, a safety equipment manufacturer based in Pittsburgh, recently entered into an agreement to purchase New Kensington-based Bacharach from California private equity firm FFL Part...
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LED lighting company moving headquarters to Erie
Truck-Lite Co., a provider of LED lighting systems for commercial vehicles, plans to relocate its headquarters from Falconer, N.Y., to Erie’s Knowledge Park. The company will lease a nearly 30,00...
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Glenmede opens new office in Pittsburgh
Investment and wealth management firm Glenmede announced Monday it will establish a private wealth office in Pittsburgh. As part of the Philadelphia-based company's targeted regional expansion str...
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PPG receives approval for purchase of Finnish company
The Federal Antimonopoly Service of Russia recently gave PPG regulatory approval for its offer to purchase Tikkurila, a Finnish producer and distributor of decorative paint and coatings. The tran...
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