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Business

US stocks climb ahead of trade deal, sending S&P 500 to record

Technology companies led stocks to broad gains on Wall Street Monday, driving the S&P 500 and Nasdaq composite indexes to more record highs. Financial, communications services and industrial stocks also notched solid gains. Health care stocks were the only decliners. Bond prices fell, ...

Geisinger Lewistown Hospital achieves a famed 4-Star rating

LEWISTOWN—Geisinger Lewistown Hospital has achieved a 4-Star rating from the Centers for Medicare and Medicaid Services. The hospital previously had a 3-Star rating. Inpatient hospitals across the nation are required to submit specified quality and performance data to the Centers for ...

US budget deficit running 11.8% higher

The U.S. budget deficit through the first three months of this budget year is up 11.8% from the same period a year ago, putting the country on track to record its first $1 trillion deficit in eight years. In its monthly budget report, the Treasury Department said Monday that the deficit from ...

Nittany Paper to join with Marcal

NITTANY—Don Chapman, Founder and President of Nittany Paper, announced today that the company has agreed to merge with Marcal Paper, creating a new, fully-integrated, low-cost converter of ‘Away-from-Home’ tissue products. Located in the Appalachian Mountains of Central Pennsylvania and ...

Boeing papers show employees slid 737 Max problems past FAA

Lawmakers on Capitol Hill lashed out at Boeing on Friday after the release of a batch of emails and text messages in which company employees questioned the safety of the now-grounded 737 Max, called the aircraft a “joke” and talked about how they concealed problems from regulators. In the ...

GrubHub says it currently has no plans to sell its business

The Associated Press Grubhub says it has no plans to sell the company, a day after media reports said it was exploring its options as competition in the food delivery business grows increasingly fierce. The Wall Street Journal reported earlier this week that Grubhub Inc. — the ...

US stocks down after jobs report are released

NEW YORK (AP) — U.S. stocks fell from their record heights on Friday after a report showed hiring was a touch weaker than expected last month. Employers added 145,000 jobs across the country in December, short of the 160,000 that economists forecast. But the growth was solid enough to ...

US adds 145,000 jobs; unemployment holds at 3.5%

WASHINGTON (AP) — U.S. employers added 145,000 jobs in December and the unemployment rate held steady at 3.5%, signaling that the job market remains strong at the start of 2020 even if hiring and wage gains have slowed somewhat more than a decade into an economic expansion. Friday’s ...

US stocks set records as fear recedes from market; gold dips

NEW YORK (AP) — Stocks around the world climbed on Thursday, and U.S. indexes hit records as markets continued a rally sparked after the United States and Iran appeared to step away from the edge of war. Money flowed into riskier investments, such as technology stocks, and trickled out of ...

Facebook plan hits resistance in small coastal town in Oregon

TIERRA DEL MAR, Ore. (AP) — A battle playing out in Oregon is pitting residents of a tiny coastal town with no stoplights or cellphone service against one of the world’s biggest tech companies. Locals in Tierra del Mar are trying to stop Facebook from using property in their quiet ...