Snö is a go
A bankruptcy judge has cleared the way for Snö Mountain to obtain financing and continue operations, allowing the Scranton recreation complex to borrow up to $497,585 to keep the facility running as it goes through bankruptcy reorganization.
Kwik Mart firm being sold
Lehigh Gas Partners LP, an Allentown fuel distributor, has agreed to purchase Joe's Kwik Mart and its Dunmore-based parent company for $29 million.
NYSE to be sold for $8 billion
The New York Stock Exchange is being sold to a little-known rival for $8 billion, The Associated Press reported. The IntercontinentalExchange, a 12-year-old exchange headquartered in Atlanta that deals in investing contracts known as futures, is the buyer.
Economy grew by 2.7% in Q3
The U.S. economy growth for the July-September quarter was revised up from its previous estimate to a 2.7 percent annual growth rate, more than twice the 1.3 percent growth rate in the April-June quarter, the AP said.
Government Motors no more
The U.S. Treasury Department said it will sell its remaining stake in General Motors in the next year or so, the AP reported, winding down a $50 billion bailout that saved the iconic American car giant but also set off a heated debate about government intervention in private business.
State No. 2 in shale gas jobs
Pennsylvania is second only to Texas in the number of workers employed by the unconventional oil and gas industry, the Pittburgh Post-Gazette said last week. The Keystone state had nearly 103,000 people employed in jobs linked to oil and gas extraction, a report said.
New guidelines for online privacy
Government officials announced new online child privacy rules they say will keep anonymous advertisers and marketers from siphoning personal information about preteens, the AP reported last week. Information about children that cannot be collected unless a parent first gives permission now includes the location data that a cellphone generates, as well as photos, videos, and audio files containing a human image or voice.
Stocks sink on 'fiscal cliff' fears
Investors sent Washington a reminder Friday that Wall Street is a power player in talks to avoid the "fiscal cliff."
Stocks fell sharply after House Republicans called off a vote on tax rates and left federal budget talks in disarray 10 days before sweeping tax increases and government spending cuts are scheduled to take effect.