Keep Sun shining
Mohegan Sun at Pocono Downs was praised by community leaders last week at a state Gaming Control Board hearing to gather evidence, including public comment, on the license renewal of Downs Racing, which operates Mohegan Sun at Pocono Downs.
NEPA housing rebound lags
The Scranton area's housing recovery trails the national rebound, but local conditions are improving, Lawrence Yun, Ph.D., chief economist for the National Association of Realtors, said.
GDP up 2.5%
The American economy quickened its pace in the first quarter, with a 2.5 percent annual growth rate fueled by strong consumer spending, The Associated Press reported.
P&G earnings grow 6 percent
Procter & Gamble's third-quarter net income rose 6 percent, helped by cost cuts and improvement in North America, The Associated Press said. But P&G's fourth-quarter outlook came in short of Wall Street's expectations thanks to a mixed response to its new product introductions and what the company called "choppy" market conditions.
Local banks make moves
Scranton-based Penn Security Bank and Trust is close to completing the purchase of the Kingston Post Office building at 435 Wyoming Ave. Meanwhile, Dunmore-based Fidelity Bank purchased the former UGI headquarters at 247 Wyoming Ave. next door to the bank. Plans are to create more parking.
More downtown living possible
An investment group headed by downtown Scranton developer Art Russo purchased two buildings at 320-322 Penn Ave. He plans to convert the second and third floors of both buildings into 18 apartments. He also plans two retail spaces and space for a restaurant tenant.
Amato complex gets new tenant
Businessman Judd Shoval will open an office in vacant space in the movie theater complex on East Northampton Street in downtown Wilkes-Barre, according to the building's owner, Joe Amato.
Main St. speaker: Invest in city
At the annual meeting of Main Street Scranton, Malcolm Johnstone, a Main Street development expert, said communities must first invest in their downtowns before they can hope to draw grants and investments from outside.