Federal regulators have voiced no antitrust objections to Kratos Defense & Security Solutions’ proposed acquisition of Lancaster County’s Herley Industries Inc., paving the way for the deal to go forward.
Banking & Finance
National Penn Bancshares Inc. has repaid the $150 million it borrowed in December 2008 from the U.S. Treasury under the Capital Purchase Program, part of the Troubled Asset Relief Program, the Boyertown-based bank holding company said Wednesday.
Unilife Corp.’s CEO has purchased $507,000 worth of the company’s shares on the Australian Securities Exchange.
Harrisburg cannot sell its troubled incinerator without the approval of bondholders and other stakeholders unless a purchase offer satisfies the trash burner’s more than $280 million debt, said J. Marc Kurowski, chairman of the Harrisburg Authority, which owns the trash burner.
York-based Dentsply International Inc. has withdrawn its previously announced financial expectations for 2011 because of this month’s devastating earthquake, tsunami and nuclear disaster in Japan.
Windstream Corp., the company that absorbed Ephrata’s D&E Communications Inc. in late 2009, on Monday nearly doubled the amount of debt it has offered to buy back in a recent tender offer.
Pennsylvania’s federal Emergency Unemployment Compensation benefits will be reduced after April 2 because the commonwealth’s three-month average unemployment rate dropped to 8.4 percent in January, the state Department of Labor & Industry said.
The Pennsylvania Department of Revenue expects to add a line to the standard PA-40 income tax return to try to boost revenue from use tax, a levy state residents owe on purchases made online and elsewhere when sales tax is not collected, the department said today.
Pennsylvania Gov. Tom Corbett visited a York County-based, employee-owned manufacturer today in support of his proposed 2011-12 budget, saying the way to grow the state’s economy and jobs is to keep taxes low.
The midstate’s banks are in good shape, particularly compared with the rest of the country, according to a new report.
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