U.S. economy loses momentum

Real gross domestic product -- the inflation-adjusted, seasonally adjusted value of all goods and services produced in the United States -- rose at a 2.4 percent annualized rate in the second quarter, well below the average 4.4 percent increase over the last six months. (8:54AM)

Associated Builders and Contractors encouraged by GDP news

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“On its face, today's GDP report appears somewhat disappointing, however, from the perspective of construction activity, the news is quite good and is a reflection of both economic recovery and the impact of various stimulus programs," said Builders and Contractors Chief Economist Anirban Basu. (read more)

  • Associated Builders and Contractors encouraged by GDP news
  • Foreclosure starts for GSE-owned loans at all-time high
  • How financial reform impacts homeowners and buyers
  • Fracking chemical disclosure included in Senate energy bill
  • Former Treasury Secretary Rubin calls on Congress to restore permanent estate tax
  • Credit counselors support rule to protect consumers who ask for debt help
  • Independent report faults Clearfield County gas well operators for June 3 blowout


 

Small Business Spotlight

One Point makes a 'visual impact'

One Point Inc., a full-service business solutions company based in Scranton, has announced the purchase of Visual Impact Promotion Agency, a Scranton company. (read more)
People
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Misericordia names new dean of College of Arts and Sciences

Misericordia University has named Russ Pottle, Ph.D., as the new dean of the College of Arts and Sciences. Dr. Pottle comes to Misericordia from Regis College in Weston, Mass., where he was the founding dean of the School of Arts and Sciences and the School of Liberal Arts, Education, and Social Sciences. (read more)

 
For the record

Ben Franklin Venture Idol returns Nov. 16

Three early-stage technology companies seeking investment deliver presentations to an investor panel and the audience. After panelist comments and questions, everyone votes; a new Ben Franklin Venture Idol is announced; and investment awards are presented to the competitors. (read more)

 
Economy/Finance

Survey says: Home-ownership has lost its luster

According to the National Apartment Association (NAA), renting a home now trumps home ownership. A recent survey showed 75 percent of more than 2,100 consumers polled agree that renting is best right now, up five percentage points from 2008. The NAA sees unemployment, which continues to hover around 9 percent, together with financing challenges as some of the factors supporting that conclusion. (read more)

 
Education/Healthcare

Moses Taylor Hospital transfers ownership of skilled nursing facility to Senior Health Solutions

Moses Taylor Hospital will transfer ownership of its hospital-based Skilled Nursing Facility to Senior Health Solutions, LLC, effective Aug. 1. The Clay Avenue skilled nursing facility will now be called Evergreen Health Care Center LLC. (read more)

 
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Help us 'fight for air' Oct. 2 with kick off Aug. 26

The American Lung Association and the Business Journal invite you to a complimentary "Kick Off Luncheon" on Thursday, Aug. 26 at noon at Uno’s Restaurant, Dickson City. Join us at this free luncheon to learn about our mission and WHY we walk!

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