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Transportation & Distribution

Sands lays off 80 workers

Sands Casino Resort Bethlehem President Robert DeSalvio has confirmed that 80 people were laid off April 30 at the South Side Bethlehem Casino.rnDeSalvio said the layoffs bring the casino’s workforce from 860 employees down to 780.r

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Fulton makes $230 million stock offering

LANCASTER, PA--(Marketwire - April 29, 2010) - Fulton Financial Corporation (NASDAQ: FULT) today announced that it has commenced an underwritten public offering of approximately $230 million of its common stock. Fulton intends to use the net proceeds of this offering, together with other funds, to redeem all of the Series A Preferred Stock that it issued to the U.S.

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PPL to acquire Kentucky utility company

PPL Corporation (NYSE: PPL) and E.ON AG today announced a definitive agreement under which PPL will acquire E.ON U.S. LLC, the parent company of Kentucky’s two major utilities, Louisville Gas & Electric Company and Kentucky Utilities Company. These high-performing utilities serve 1.2 million customers, principally in Kentucky.rnr

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Ben Franklin approves investments

The Ben Franklin Technology Partners of Northeastern Pennsylvania’s (BFTP/NEP) Board of Directors approved the investment of $393,146 in support of regional economic development. The investments are with five early-stage technology companies and two established manufacturers. rn r

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Earnings up 15 percent at Air Products

LEHIGH VALLEY, Pa. (April 22, 2010) – Air Products (NYSE:APD) today reported net income of $267 million, or diluted earnings per share (EPS) of $1.23, for its fiscal second quarter ended March 31, 2010. This result excludes an after-tax charge of $15 million, or $0.07 per share, for costs associated with the tender offer for the outstanding shares of Airgas, Inc.rnr

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VIST raises $5.2 million through stock sale

WYOMISSING, Pa., April 23 /PRNewswire-FirstCall/ -- VIST Financial Corp. (Nasdaq: VIST) announced today that it has entered into purchase agreements which will raise $5.2 million in new capital through the issuance of 644,000 shares of common stock to two institutional investors who specialize in the banking sector, at a price of $8.00 a share.rnr

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