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The business week in review, Aug. 19-25, 2012

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FNCB's earnings reports catch up

Dunmore-based First National Community Bank reported earnings for the first half of 2012, making it current on its regulatory filings with the Securities & Exchange Commission for the first time in three years.

Still, Northeast Pennsylvania's largest community bank remains in the red. It lost $2.13 million for the first half of the year, up from $337,000 from the year-ago period.

SBA opens site in Wilkes-Barre

The U.S. Small Business Administration officially opened a new office last week in the Stegmaier Building in Wilkes-Barre. The office will serve 14 counties in the region. Previously, the SBA's closest office was in King of Prussia.

Corbett attacked for gas support

While kayaking the Delaware River and visiting the Poconos last week, Gov. Tom Corbett came under attack, with protesters taking to the water, too, to highlight what they viewed as his lax governing policies toward natural gas drilling.

Xerox to add 150 in Moosic facility

Close to 150 new jobs will be coming to Moosic as a result of Xerox subsidiary TMS Health adding more customer care support positions, taking calls for various global health care providers.

Average PPL bill to fall

PPL Electric Utilities customers will see the "price to compare" for the next three months drop slightly, from 7.993 cents per kilowatt hour, kWh, to 7.907 cents effective Sept. 1. The average household that does not have an alternate provider using 700 kWh per month will see their bill decrease by 30 cents to $55.35.

City plans worry housing market

An adopted revised recovery plan that calls for a 79 percent rise in property taxes over three years might make it more difficult for Scranton homeowners to sell their properties, expert say, possibly hurting an already slow housing market.

Insurance parent sold to Berkshire

Clal U.S. Holdings, which owns Guard Insurance Group in Wilkes-Barre, is being sold for $221 million to Nebraska-based National Indemnity Co., a unit of billionaire Warren Buffet's Berkshire Hathaway, according to a report from Clal to the Israeli stock exchange.

Apple wins fight with Samsung

After a year of scorched-earth litigation, a jury decided Friday that Samsung ripped off Apple and ordered Samsung to pay Apple $1.05 billion in the latest skirmish of a global legal battle between the two tech giants.


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