Rite Aid appoints new CEO
Philadelphia-based Rite Aid Corp. recently appointed Matt Schroeder chief executive officer. He succeeds Jeffrey S. Stein who has stepped down as chief executive officer and chief restructuring off...
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Support grows for Penn State’s application to lead semiconductor manufacturing hub
Pennsylvania lawmakers serving in both houses of Congress joined a bipartisan group of their colleagues in supporting the Penn State Mid-Atlantic Semiconductor Hub (MASH) Digital Twin Institute (DTI) ...
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Shapiro’s electricity proposals threaten state’s role in regional transmission, says alliance
Alongside the growing reliance on electricity from Pennsylvania’s PJM Interconnection, Gov. Josh Shapiro’s electricity proposals could further destabilize the PJM grid, which supplies power to 65 ...
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Federal Reserve Bank of Philadelphia seeks next president and CEO
The Federal Reserve Bank of Philadelphia recently launched a search for its next president and CEO. A committee composed of eligible members of the Philadelphia Fed’s board of directors, and led ...
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State officials, industry stakeholders applaud implementation of Max Manufacturing Initiative
Pennsylvania Sen. Devlin Robinson (R-37) and several other attendees Sept. 3 celebrated implementation of the enacted Max Manufacturing Initiative Act, which promotes innovation and economic growth by...
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U.S. Steel workers rally behind Nippon Steel transaction
On Wednesday, workers at Pittsburgh-based U.S. Steel hosted a rally at U.S. Steel Tower in support of the proposed transaction with Nippon Steel. Employees with the steel plant said the transaction w...
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eProductivity Software purchases Enterprise Print Management Solutions
Pittsburgh-based eProductivity Software (ePS), an industry-specific business and production software technology provider to the packaging and print industries, recently purchased Massachusetts-based E...
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Eos Energy can utilize $30M of its Cerberus loan after reaching specific milestones
Eos Energy Enterprises Inc., which provides zinc-based energy storage systems, said Aug. 29 that it has achieved all four of its first performance milestones and can draw an additional $30 million on ...
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Arconic Corporation publishes sustainability report
Pittsburgh-based Arconic Corporation, a provider of aluminum sheet, plate, and extrusions and architectural products, recently published its 2023 sustainability report. The report details the comp...
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Westinghouse tech-based nuclear reactors approved for projects in China
Two newly approved projects in China will include AP1000 technology-based nuclear reactors made by Cranberry Township, Pa.-based Westinghouse Electric Co., bringing the total number of operational and...
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PPG selling silicas products business for $310M
Pittsburgh-based PPG recently entered into an definitive agreement to sell its silicas products business to Poland-based QEMETICA S.A., a manufacturer of soda ash, silicates and other specialty chemic...
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Enviri Corporation sells Reed Minerals business for $45M
Philadelphia-based Enviri Corporation, a company offering critical recycle and reuse solutions, recently sold its Reed Minerals business to Speyside Equity, a global private equity firm, for $45 milli...
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Morgan Properties opens headquarters in Conshohocken
Morgan Properties, a national real estate investment and management company, recently opened its new corporate headquarters in Conshohocken. It was formerly headquartered in King of Prussia. "...
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MSA Safety named outstanding corporate innovator
The Product Development and Management Association (PDMA), a nonprofit professional society that organizes and publishes information about new product development, recently honored Cranberry Township-...
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Sen. Yaw to introduce legislation to establish energy development fund
Pennsylvania State Sen. Gene Yaw (R-23) recently announced plans to introduce legislation to establish a Pennsylvania Baseload Energy Development Fund. The proposed fund would provide low-interest...
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Natural gas rises as bipartisan, no-brainer policy issue for state voters
With Election Day mere weeks away, one policy topic is supported on both sides of the aisle in the Keystone State: natural gas, which is considered by lawmakers and voters alike as being critical to a...
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Nippon Steel plans additional $1B investments in U.S. Steel-operated steel mills
Japan's largest steel producing company, Nippon Steel Corp., plans to make additional investments in two steel plants operated by U.S. Steel as part of its pending acquisition of the Pittsburgh-based ...
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PA Democrats host roundtable, tour addressing rural economic challenges
Participants in Tuesday’s Pennsylvania House Majority Policy Committee roundtable and tour examined obstacles for small businesses, particularly those in rural areas across the state. “I’m gr...
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JVS Fund awards $200,000 to four women-owned businesses in Philadelphia region
The JVS Philadelphia Fund for Women (JVS Fund) recently awarded four women-owned businesses $50,000 each. The grants support women-led businesses in the Philadelphia region that provide professiona...
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Texas company purchases Stuffed Puffs’ assets
Texas-based Mount Franklin Foods, a foodservice company, recently acquired Bethlehem-based Stuffed Puffs’ assets for an undisclosed amount. The purchase allows Mount Franklin Foods to expand its ...
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