Morning Roundup News Archive Page 1

Morning Roundup News

Kmart workers fight for time off on Thanksgiving

Source: CNN Money

Somebody has to work on Thanksgiving, and Kmart says it does its best to staff stores with volunteers that day. But hundreds of workers say that's not good enough. Read More »»

Appeal expected as judge rules against N.J. in sports betting case

Source: NJBIZ

U.S. District Judge Michael Shipp delivered an expected blow to New Jersey's sports betting efforts Friday, siding with the four major professional sports leagues and the NCAA in delivering a permanent injunction against all sports wagers in the state. Read More »»

PSECU board approves third consecutive $10 million member dividend program

Source: Central Penn Business Journal

The Pennsylvania State Employees Credit Union has approved its third consecutive $10 million dividend program to be distributed to its members in the new year. Read More »»

B. Braun halts plan for new headquarters

Source: Lehigh Valley Business

A federally imposed medical device excise tax has stopped plans for new corporate headquarters for one of the biggest manufacturers in the Greater Lehigh Valley – and is costing the company $13 million a year. Read More »»

Ski season kicks off early, thanks to recent cold spell

Source: WFMZ News

Thanks to the recent cold-spell, as well as $8 million in renovations, this year marked the earliest opening in the history of the Blue Mountain ski area. Read More »»

Phillipsburg officials have lukewarm reception to plan to change funding for urban development

Source: The Express-Times/Lehigh Valley Live

Phillipsburg leaders have mixed reviews of a top New Jersey lawmaker's plan to restore some funding to an urban development program. Read More »»

After raising $100M to blow up the TV industry, Aereo files for bankruptcy

Source: Business Insider

Aereo, a startup that raised ~$100 million in venture funding, has filed for bankruptcy. Read More »»

Planners have 'alarming concerns' with proposed adult community

Source: WFMZ News

The Lehigh Valley Planning Commission (LVPC) Thursday evening approved sending a letter to three area municipalities outlining multiple concerns some of which it termed "alarming" relating to the development plan of the Fields at Indian Creek adult community proposed in Emmaus and Upper Milford and Lower Read More »»

Bushkill Township residents have mixed views on private helipad proposal

Source: The Express-Times/Lehigh Valley Live

Residents attending a second hearing in Bushkill Township concerning plans by an Upper Mount Bethel Township businessman to construct a helicopter pad on Keller Road had mixed views about the proposal. Read More »»

Consumer prices in U.S. little changed as fuel costs decrease

Source: Bloomberg

Nov. 20 (Bloomberg) -- The cost of living in the U.S. was little changed in October, reflecting a drop in energy prices that has yet to filter through to other goods and services. Read More »»

Revel buyer backing out of deal, report says

Source: NJBIZ

Brookfield US Holdings, the Canadian asset management firm that successfully bid $110 million for the shuttered Revel Atlantic City, is now backing out of the deal, according to a Wednesday evening report by The Press of Atlantic City. Read More »»

Bon-Ton sees $11M net loss in Q3

Source: Central Penn Business Journal

A York County-based retailer blamed the weather for its poor performance in the third quarter. Read More »»

Business park sought in Palmerton

Source: Lehigh Valley Business

Touted as the Northface Business Park, the first 35 acres of a large brownfield site in Palmerton will be available for lease by next spring or early summer, according to George Petrole. Read More »»

General Motors hit with $3B lawsuit over recalls

Source: CNN Money

General Motors has been slugged with a $3 billion lawsuit by the state of Arizona in response to a record number of vehicle recalls linked to safety defects. Read More »»

Aldi plans Lehigh Valley hiring event as Bottom Dollar layoffs loom, report says

Source: The Express-Times/Lehigh Valley Live

The discount grocery store chain that bought the building assets of Bottom Dollar Food plans a hiring event next month in Whitehall Township, according to a news report. Read More »»

Lehigh County meat producer recalls pork products

Source: The Morning Call

The federal government said Wednesday that a Lehigh County meat processor is recalling nearly 3,000 pounds of pork products due to misbranding and an undeclared allergen. Read More »»

Stocks mildly lower in muted reaction to Fed

Source: CNBC

U.S. stocks were in modest decline on Wednesday, with benchmarks not far from all-time highs, as Wall Street took in stride minutes from the Federal Reserve's last policy meeting, which had some central bankers concerned prices are not increasing rapidly enough. Read More »»

More bad news for Atlantic City: License awarded for second casino in Philadelphia

Source: NJBIZ

In a move that provides even more competition to the already hurting Atlantic City gaming market, the Pennsylvania Gaming Control Board voted unanimously Tuesday to award a license to what will be Philadelphia’s second casino. Read More »»

Pennsylvania insurance commissioner voted president-elect of NAIC

Source: Central Penn Business Journal

Pennsylvania Insurance Commissioner Michael F. Consedine has been voted president-elect of the National Association of Insurance Commissioners. Read More »»

Allentown seeks bids for vacant building at its gateway

Source: Lehigh Valley Business

Now that the massive $300 million Waterfront development is underway along the Lehigh River and several office buildings are reshaping the look of downtown Allentown, other properties within the business corridor could be next. Read More »»

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