Economy

AMEX OPEN survey reveals small business strategies for government procurement

The U.S. federal government reached its goal of awarding 23 percent of contracts to small businesses in 2014 for the first time in seven years. So what strategies are businesses using for procurement success and what pitfalls should be avoided? The new Th

Weis Markets announces $92 million CAP EX plan at annual shareholders meeting

Weis Markets (NYSE:WMK) Chairman Jonathan H. Weis on April 23 announced plans to invest $92 million in the growth and upgrade of its store base, information technology systems and supply chain. At the company’s annual shareholders meeting, Weis said, “We

Auditor General: Department of Labor & Industry was negligent in implementing law regarding excessive overtime for health-care workers

Auditor General Eugene DePasquale on April 22 said an audit of the Department of Labor and Industry’s implementation of a 2008 law to protect health-care workers from excessive mandatory overtime shows the department was negligent in responding to health-

Wayne Bank raises money and awareness on C.A.S.U.A.L. Day

On March 26, Wayne Bank employees participated in C.A.S.U.A.L. (Colon cancer Awareness Saves Unlimited Adult Lives) Day, a program to raise awareness for colon cancer in northeast Pennsylvania and the importance of screening and early detection. Organized

Wayne Bank unveils second technology demo center

Wayne Bank has added a second Technology Demo Center at the Honesdale office located downtown at 717 Main Street. The Demo Centers are space dedicated to providing customer support with interactive hands-on equipment for online, tablet and mobile banking.

Wells Fargo offers Spanish language mobile banking experience

Wells Fargo & Company (NYSE: WFC) announced a new update to its mobile banking phone app that provides customers with the option of selecting Spanish as their preferred language. With nearly three in four Latinos owning smartphones according to Nielse

FDIC ranks National Penn 29th largest agricultural lender in the U.S.

National Penn Bancshares Inc. (Nasdaq: NPBC) announced it has been ranked the 29th largest agricultural (Ag) lender in total dollar volume, according to the most recent data from the Federal Deposit Insurance Corporation. National Penn’s agricultural loan

SurePayroll Scorecard: 35% of small businesses turn to social media for advertising

More than one in three small businesses are spending on social media platforms such as Facebook, LinkedIn, Twitter, Instagram and Pinterest to advertise their products and services, according to the April 2015 SurePayroll Small Business Scorecard. The Sco

Senate Committee advances Taxpayer Protection Act; legislation protects Pennsylvanians from ‘out-of-control’ state spending

On April 21 the Senate Finance Committee passed Taxpayer Protection Act legislation to the floor, kicking off a push to protect middle-class Pennsylvanians’ finances from unaffordable spending and tax increases like those recently proposed by Gov. Wolf. S

CardHub study reveals ‘2015’s most and least small-business-friendly credit-card companies

Congress did not include credit cards branded for business use within the scope of the Credit CARD Act of 2009. The most important protection that small business owners are missing out on is the rule that prohibits credit-card companies from raising inter

Eliminating prevailing wage for schools would provide financial relief

The Pennsylvania School Boards Association’s senior director of government affairs, John Callahan spoke at a news conference April 1 in the State Capitol on state Rep. Jesse Topper’s (R-Bedford, Frankling) proposal to exempt school districts from prevaili

PNC supports United Way of Lackawanna and Wayne Counties

The 2014-15 United Way of Lackawanna and Wayne Counties’ annual campaign received a boost from PNC that totaled $150,000 in donations. The financial support included employee contributions made through PNC’s workplace giving campaign and a corporate commi

Planning for retirement has many ‘taxing’ issues

Individuals today have much greater responsibility in funding their retirement plans — a responsibility that can become overwhelming as the life expectancy continues to climb. The Society of Actuaries now uses the average age of life expectancy to be more

PICPA offers advice on IRA early withdrawal exceptions

Choosing to make an early withdrawal from your IRA can be a costly move, resulting in unfavorable consequences such as tax penalties and loss of future growth. To discourage the early collection of designated retirement money during taxpayers’ working yea

PICPA offers 10 ways to maximize Social Security benefits

For most Americans, Social Security retirement benefits typically represent 30 to 60 percent of their retirement income, yet, according to the National Social Security Association LLC, more than 90 percent of Social Security recipients receive less money

Congress urged to squash patent trolls, who use fear, intimidation to extort legitimate business owners

The National Retail Federation (NRF) in March issued the following statement from David French, senior vice president for government relations in advance of the House Judiciary Committee’s Subcommittee on Courts, Intellectual Property, and the Internet he

NRF survey: Overtime expansion would harm restaurant, retail careers; proposal would ‘hollow out’ middle management

An Obama administration proposal to expand overtime and redefine what it means to be a restaurant or retail manager will likely harm mangers’ career paths and undermine the quality of customer service they are able to provide, according to a new survey co

In support of pending trade agreements, NRF releases report detailing state-by-state account of trade’s benefits

International trade supports millions of American jobs and is essential to the U.S. economy, the National Retail Federation says in a new report that provides a state-by-state breakdown of the benefits of trade. According to NRF, trade supports nearly sev

Ambush union elections will ‘muzzle’ rights of workers and employers; New NLRB rule in effect April 14

The National Retail Federation issued the following statement from senior vice president for government relations, David French on National Labor Relations Board “ambush” election rules that took effect April 14: “This is an overt attempt by the administr

Associated Builders & Contractors: Nonresidential construction spending flat in February

Blame it on the weather — that’s what many economists have been doing over the past two months as economic data continue to disappoint. Retail sales, durable goods orders and other categories have not been as strong as anticipated. Nonresidential construc

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