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Murdoch pulls plug on possible merger of News Corp., Fox

NEW YORK (AP) — Rupert Murdoch has pulled the plug on a proposal to bring back together his News Corp. and Fox Corp., saying the merger isn’t coming at the right time for shareholders. In similar statements Tuesday, the companies said their boards received letters from Murdoch withdrawing the plan. “Mr. Murdoch indicated that he and (son and Fox Corp. chief executive) Lachlan K. Murdoch have determined that a combination is not optimal for shareholders of News Corp. and Fox at this time,” the statements said. The elder Murdoch first floated merging News Corp. — which owns ...

Devenney promoted to director of ELA

STATE COLLEGE — Engineers and Landscape Architects, of Lititz, State College and Butler promoted Thomas W. Devenney, P.E. of Lancaster to Director: Water/Wastewater Engineering. Devenney will be overseeing and coordinating the Water/Wastewater Engineering Department’s efforts and continue his responsibilities for water and wastewater engineering design and project management. Devenney completed a Water Resources Engineering Internship with ELA and then joined the firm in 2018 after graduating from The Pennsylvania State University in 2017 with a Bachelor of Science degree in ...

Kish Bancorp announces quarterly financial results

STATE COLLEGE — Kish Bancorp Inc. has announced unaudited financial results for the year ended Dec. 31, 2022. Highlights for the year included: Strong net income expansion of 30.2% over 2021, driven by sustained loan growth of $145.0 million (16.5%), and more than offsetting $2.5 million in non-recurring PPP income in 2021 A substantial increase in earnings per share of 29.7% to $4.89, compared to $3.77 in 2021 A significant expansion in net interest income after provision for loan losses of $5.7 million, or 17.48% Healthy internal capital formation, supported by higher ...

Twitter faces lawsuits over unpaid rent for US HQ, UK office

LONDON (AP) — More landlords are taking Twitter to court over unpaid rent, this time at the social media company’s headquarters in San Francisco and its British offices — the latest sign that owner Elon Musk’s extreme cost-cutting strategy includes simply not paying the bills. Twitter is facing a lawsuit over allegations it failed to pay rent for its head office, according to California court documents. The owner of its premises in central London, meanwhile, said it’s taking the company to court over rental debt. Musk is slashing costs after his $44 billion deal last year ...

Amazon launches subscription prescription drug service

The Associated Press Amazon is adding a prescription drug discount program to its growing health care business. The retail giant said Tuesday that it will launch RxPass, a subscription service for customers who have Prime memberships. Amazon said people will pay $5 a month to fill as many prescriptions as they need from a list of about 50 generic medications, which are generally cheaper versions of brand-name drugs. The company said the flat fee could cover a list of medications like the antibiotic amoxicillin and the anti-inflammatory drug naproxen. Sildenafil also made the list. ...

Gyms that survived pandemic steadily get back in shape

NEW YORK (AP) — One day in January, a once-regular customer at Fuel Training Studio in Newburyport, Massachusetts, stopped in to take a “shred” class. She hadn’t stepped foot in the gym since before the pandemic. The customer told owners Julie Bokat and Jeanne Carter that she had been working out at home alone in her basement but had slowly become less motivated and sometimes exercised in pajamas without breaking a sweat. “I was getting bored of what I was doing, so here I am ,” Bokat quoted her as saying. She’s heard similar comments from customers who’ve returned ...