Frontier Airlines To Return To Philadelphia

English: Frontier Airlines N929FR at FLL.

English: Frontier Airlines N929FR at FLL. (Photo credit: Wikipedia)

Frontier Airlines – with new owners, a new management team, and a new logo on its planes – is coming to Philadelphia with flights to seven cities.

Denver’s hometown airline will announce Tuesday nonstop flights from Philadelphia International Airport to Miami, Orlando, and Tampa, Fla., and Cancun, Mexico, in December, and to Atlanta, Charlotte, N.C., and Chicago next spring.

“These are underserved markets with very high fares,” Frontier chief executive officer David Siegel said. “We’re going to expand the market, stimulating it with low fares and dropping in a little bit of capacity.”

Frontier hasn’t flown scheduled service from Philadelphia since January 2013, soon after it began flights from Trenton-Mercer Airport.

Read more at http://www.philly.com/philly/business/20140930_JETTING_BACK_IN.html#sifzAxdbfOBcouvv.99

Coming Soon (Again) To The Big Board: Sunoco

English: Sunoco Logo

English: Sunoco Logo (Photo credit: Wikipedia)

Sunoco’s storied name, absent from the New York Stock Exchange since the Philadelphia company was acquired by a Dallas energy firm in 2012, will return to the Big Board this year.

Energy Transfer Partners L.P. (ETP), a Dallas pipeline company that became Sunoco Inc.’s parent company two years ago, announced Thursday night that it will give its recently acquired Texas convenience-store company, Susser Petroleum Partners, a new name that is kind of an old one – Sunoco L.P.

The new Sunoco L.P., which will trade under the ticker symbol SUN, will eventually become the corporate umbrella for ETP’s growing portfolio of fuel stations and convenience stores, including Sunoco Inc. ETP had said it intended to drop its retail assets into the Susser partnership when it announced the $1.8 billion acquisition in April.

Read more at http://www.philly.com/philly/business/20140927_Coming_soon__again__to_the_Big_Board__Sunoco.html#D5YWhWdiMwxH7yS5.99

Mon Valley Transit Merger Decision Might Come Next Month

Map of Pennsylvania highlighting Washington County

Map of Pennsylvania highlighting Washington County (Photo credit: Wikipedia)

The future of transit services in the Mon Valley and throughout Washington County likely will be decided in the next month.

The Middle Monongahela Transit Authority provides services for 21 Valley municipalities. It has been studying a possible merger with Washington County Transportation – also known as Washington County Rides – and the City of Washington Transit Authority.

The MMVTA board will discuss a possible merger in a closed-door meeting this week.

By the end of September, each transit agency is expected to vote on consolidation. The MMVTA board could vote either at its Aug. 28 or Sept. 25 public meetings.

Read more: http://triblive.com/neighborhoods/yourmonvalley/yourmonvalleymore/6623980-74/transit-board-valley#ixzz3AlflikFi
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PPL Announces Merger

PPL Corporation, which owns the Susquehanna Steam nuclear power plant in Salem Township, is merging its electric generation business with that of another company to form a new stand-alone, independent power producer.

PPL Corporation and energy investment firm Riverstone Holdings LLC are combining and spinning off their power generation operations to form the separate company, Talen Energy Corporation, which will be publicly traded. PPL Corporation won’t have any ownership interest in the new company, but its shareholders will own 65 percent of it and Riverstone’s will own 35 percent, according to a press release issued Tuesday.

Read more: http://citizensvoice.com/news/ppl-announces-merger-1.1700744

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Acme Parent Company Buys Safeway for $9 Billion

Acme Markets’ corporate parent, the Albertsons grocery-store chain, on Thursday purchased Safeway Inc., for about $9 billion.

Albertsons is controlled by an investor group led by Cerberus, a New York-based private-equity firm. Other investors included Philadelphia-based Lubert-Adler Partners, Kimco Realty Corp., Klaff Realty L.P., and Schottenstein Real Estate Group.

With the purchase of Safeway, the group will now control about 2,400 grocery stores, making it one of the largest chains in the country.

Read more at http://www.philly.com/philly/business/20140307_Acme_parent_company_buys_Albertsons_for__9B.html#yfZ07Jksrr6jsbWd.99

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Layoffs At Aetna

Map of Pennsylvania highlighting Montgomery County

Map of Pennsylvania highlighting Montgomery County (Photo credit: Wikipedia)

An undisclosed number of Aetna Inc. employees, including case managers, received layoff notices Wednesday at the health insurer’s Blue Bell office. One employee said that seven out of 18 supervisors lost their jobs, and each supervisor oversaw a staff of 15 to 20.

Read more at http://www.philly.com/philly/business/20140227_Layoffs_at_Aetna.html#CJofKpH9CJpMxLSP.99

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Sharon Regional Hospital Agrees To For-Profit Buyout

Map of Pennsylvania highlighting Mercer County

Map of Pennsylvania highlighting Mercer County (Photo credit: Wikipedia)

Editor’s note:  Gobble, gobble, gobble….CHS is at it again.

A Mercer County health system will be sold to a for-profit Tennessee conglomerate that owns, leases or operates 206 other hospitals in 29 states, according to an agreement announced Thursday.

Sharon Regional Health System said it has reached a definitive agreement to be sold to Franklin, Tenn.-based Community Health Systems Inc.

The sales price was not released, but hospital officials said in a news release that Community Health will invest at least $75 million in the hospital in the next five years.

Sharon Regional has about 1,800 workers making it the largest employer in Mercer County, which borders Ohio along Interstate 80. Sharon Regional’s flagship hospital is about 60 miles northwest of Pittsburgh.

Read more: http://www.post-gazette.com/local/north/2014/02/06/Sharon-Regional-Hospital-agrees-to-for-profit-buyout/stories/201402060266

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Comcast Could Buy Time Warner N.Y. Cable Franchises

Logo of Comcast Latina: Insigne Comcast

Logo of Comcast Latina: Insigne Comcast (Photo credit: Wikipedia)

Comcast Corp. could acquire Time Warner Cable Co.’s New York cable-TV properties, along with other franchises on the East Coast, in a deal with Charter Communications Inc., according to sources in the industry.

A deal would expand Comcast’s market power along the I-95 corridor between Boston and Washington.

Comcast, the nation’s largest cable-TV company, already offers cable and Internet in Boston, Philadelphia and Washington.

Charter declined to comment Monday. Comcast also had no comment.

Read more at http://www.philly.com/philly/business/20140128_Industry_sources__Comcast_could_acquire_Time_Warner_Cable_N_Y__franchises.html#HAyimeAaYY2LBdix.99

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US Airways To Close Moon Flight Operations Center, Affecting 600 Jobs

Map of Allegheny County, Pennsylvania, United ...

Map of Allegheny County, Pennsylvania, United States with township and municipal boundaries (Photo credit: Wikipedia)

Built less than six years ago, a state-of-the-art flight operations control center in Moon will be closing and the work transferred to Texas, a casualty in the American Airlines-US Airways merger.

American Airlines announced Friday that it intends to consolidate flight operations in Dallas-Fort Worth over the next 18 months, costing the region a facility built specifically for the needs of US Airways and the 600 jobs that go with it.

“It’s pretty sad for the people that have been here for a long time,” said Danny Persuit, president of Transport Workers Union Local 545, which represents 164 employees at the center.

In a separate action, American also plans to transfer 53 mechanics out of Pittsburgh in what it said was an annual maintenance “rebalancing” unrelated to the merger.

Read more: http://www.post-gazette.com/local/region/2014/01/24/US-Airways-to-close-Moon-flight-operations-center/stories/201401240148#ixzz2rQyL9pLw

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Comcast Wants To Be Your One And Only Cable Provider

English: Comcast Tower, tallest building in Ph...

English: Comcast Tower, tallest building in Philadelphia (Photo credit: Wikipedia)

NEW YORK (TheStreet) — America’s largest pay-TV operator wants to be your one and only and it’s willing to absorb the second-largest to do so.

Citing sources, Reuters reports Comcast Corp  is weighing up a potential full takeover bid for Time Warner Cable , an acquisition which would create an industry behemoth.

A full takeover is but one of three potential scenarios in consideration. The Philadelphia-based broadcasting giant is also determining whether to partner with an additional cable company to take over Time Warner or, in a less aggressive move, whether to simply pick and choose certain Time Warner Cable markets.

Time Warner Cable has been the subject of many takeover rumors of late and the latest puts a rumored offer from Charter Communications  in jeopardy. Last week, Bloomberg reported the fourth-largest cable provider was preparing its own bid for Time Warner Cable and was seeking as much as $25 billion in loans to do so. Time Warner Cable is significantly larger than the Stamford, Conn.-based business, with a market share of $37.9 billion dwarfing Charter’s $13 billion.

Read more: http://business-news.thestreet.com/philly/story/comcast-wants-to-be-your-one-and-only-cable-provider/12157503

Done Deal: US Airways, American Complete Merger

An American Airlines Boeing 757-223 landing at...

An American Airlines Boeing 757-223 landing at Vancouver International Airport (Photo credit: Wikipedia)

Finally, it’s a done deal.

American Airlines AMR Corp. and US Airways Group Monday officially announced the completion of their merger to form American Airlines Group Inc., the world’s largest airline.

At 7:40 a.m., the secretary of state in Delaware, Jeffrey Bullock, filed a certificate of merger. The new company is incorporated in Delaware.

US Airways CEO Doug Parker, who will lead the new American, will ring the opening bell on the Nasdaq stock market at 9:30 a.m. eastern time, signifying the the opening of trading of the new American’s shares on Nasdaq. Ticker: AAL.

Read more at http://www.philly.com/philly/business/transportation/20131210_Done_deal__US_Airways__American_complete_merger.html#gH05iJPAtZ6qemow.99

Phoenixville Hospital Furloughs Come On Heels Of $4B Acquisition Deal

Map of Pennsylvania highlighting Chester County

Map of Pennsylvania highlighting Chester County (Photo credit: Wikipedia)

Editor’s note:  Thanks for going there, Evan!  I was complaining about this very thing today.  They have billions to spend on buying more hospitals but then turn around and cut jobs.  Makes no sense to me!  You would think the time to buy would be if you were flush with cash.  Now they will own two hospitals in Lancaster once this deal goes through as well.

PHOENIXVILLE — One day after Pottstown Memorial Medical Center furloughed 30 employees for 90 days, The Mercury has confirmed that similar furloughs occurred at Phoenixville Hospital.

Phoenixville Hospital spokesperson Lori Cunningham confirmed Thursday that the full-time equivalent of 24 employees in “clinical, non-clinical support and administrative departments” have been furloughed.

News of the staff reduction occurs at the same time that the company that owns both hospitals, Tennessee-based Community Health Systems Inc., is planning a $3.9 billion purchase of Florida-based Health Management Associates Inc., which also operates hospitals around the country.

Cunningham said the furloughs at Phoenixville, which she described as “not scheduling a small number of employees in various departments,” have “no definitive time line.  As always, staffing is dependent upon patient volume and clinical needs.”

Read more:   http://www.pottsmerc.com/article/20130731/NEWS01/130739803/phoenixville-hospital-furloughs-come-on-heels-of-4b-acquisition-deal#full_story

Pending Sales Of ABC 27, CBS 21 Leave Uncertainty For Station Managers

Map of Pennsylvania highlighting Dauphin County

Map of Pennsylvania highlighting Dauphin County (Photo credit: Wikipedia)

The managers of ABC 27 and CBS 21 said Tuesday it was too early to tell what changes may be in store for both local television stations now that an agreement is in place that requires both to be sold.

“We don’t know much and it’s to be seen (what will happen),” said Joe Lewin, the general manager of ABC 27.  “We’re going to become part of the largest broadcasting group in the country. That’s what we know. That could be a very good thing.”

Lewin was referring to Sinclair Broadcasting Group, which on Mondayannounced a $985 million deal that includes the acquisition of seven ABC affiliates — including ABC 27 — and a 24-hour cable news network.  Those stations are being sold by Allbritton Communications.

Read more:  http://www.pennlive.com/midstate/index.ssf/2013/07/potential_changes_yet_to_be_se.html#incart_river_default

Tennessee Hospital Chain Acquiring Heart Of Lancaster And Lancaster Regional Owner Health Management Associates In $7.6 Billion Deal

Map of Pennsylvania highlighting Lancaster County

Map of Pennsylvania highlighting Lancaster County (Photo credit: Wikipedia)

A Tennessee-based hospital chain has agreed to buy Health Management Associates for $7.6 billion, it was announced Tuesday.

The acquisition would make Community Health Systems a company with 206 hospitals and 31,000 beds in 29 states.

Among those hospitals would be two local HMA facilities, Lancaster Regional and Heart of Lancaster.

The price includes the assumption of $3.7 billion in HMA debt.

Read more: http://lancasteronline.com/article/local/877230_Tennessee-hospital-chain-acquiring-Heart-of-Lancaster-and-Lancaster-Regional-owner-Health-Management-Associates-in–7-6-billion-deal.html#ixzz2aY1BWRIG

Committee Considers Merger Between Exeter, Antietam

Map of Berks County, Pennsylvania, United Stat...

Map of Berks County, Pennsylvania, United States Public School Districts (Photo credit: Wikipedia)

Antietam and Exeter school district officials are trying to flesh out what a merger of the two districts could look like, and they’ve formed a new committee to discuss the possibilities.

Closing Antietam’s two elementary schools and forming a single high school for 10th- through 12th-graders were among the ideas the committee kicked around at its first meeting Monday at Antietam Middle-Senior High school.  The committee is made up of an administrator, board president and three additional board members from each district.

Committee member Beth Calabria, who serves on the Antietam School Board, said there needs to be some sort of time frame for coming up with a merger model.

A merger feasibility study by Civic Research Alliance, Mechanicsburg, Cumberland County, was released to the public in April and outlined four models for the districts’ futures.  The models were keeping things as they are, sharing programs and services, adopting a regional school model and a full merger.

Read more:  http://readingeagle.com/article.aspx?id=493336

Some At Altoona Regional Health System Urging Caution In UPMC’s Acquisition

Map of Pennsylvania highlighting Blair County

Map of Pennsylvania highlighting Blair County (Photo credit: Wikipedia)

UPMC‘s months-in-the-making acquisition of the Altoona Regional Health System may soon be finalized, but the deal is not sitting well with some employees and community residents.

Last week, a petition with some 2,000 signatures was delivered to Altoona Health officials, urging them “to slow down and stop exclusive talks with UPMC in order to re-examine the best future course for our hospital.”

The next day, Altoona president and CEO Jerry Murray sent a letter to the health system’s 6,000 employees that said the UPMC affiliation was on track for a July 1 completion announcement, pending final approval from the board and the state attorney general’s office.

“There are some very well-meaning people in the community who have concerns, and we appreciate the concerns that they have.  Unfortunately, there are also some with self-serving motives,” said Dave Cuzzolina, Altoona Health’s director of marketing and communications.

Read more: http://www.post-gazette.com/stories/business/news/some-at-altoona-regional-health-system-urging-caution-in-upmcs-acquisition-692480/#ixzz2WrrppOnu

Saint Vincent Reaches Final Agreement With Highmark

Headquarters of the insurance company in Pitts...

Headquarters of the insurance company in Pittsburgh, , . Address 120 Fifth Ave., Downtown. (Photo credit: Wikipedia)

Editor’s note:  Those folks at Highmark are gobbling up anything that’s not nailed down!

Erie, PA – The future of Saint Vincent Health System is now in the hands of Erie County Orphans’ Court.

Saint Vincent and Highmark Inc. have reached a definitive agreement for the Erie hospital to join Highmark’s integrated delivery system — the newly named Allegheny Health Network.

Saint Vincent would join Jefferson Regional Medical Center and West Penn Allegheny Health System in the network.  The Pennsylvania Insurance Department announced its approval Monday of Highmark’s takeover of West Penn.

“We look forward to joining the Highmark (network) in the very near future, along with Jefferson Regional Medical Center and West Penn Allegheny Health System, as we work to preserve health-care choice and ensure access to the highest level of quality care for residents throughout all of western Pennsylvania,” Saint Vincent Chief Executive Scott Whalen said in a statement.

Read more:

http://goerie.com/article/20130430/NEWS02/304309961/Saint-Vincent-reaches-final-agreement-with-Highmark

Pennsylvania Approves Highmark-West Penn Allegheny Health System Merger

Headquarters of the insurance company in Pitts...

Headquarters of the insurance company in Pittsburgh, , . Address 120 Fifth Ave., Downtown. (Photo credit: Wikipedia)

The Pennsylvania Insurance Department today gave conditional approval for insurer Highmark Inc. to affiliate with the financially ailing West Penn Allegheny Health System, laying the foundation for Highmark’s plans to establish an integrated health care delivery system to compete with UPMC.

Insurance commissioner Michael Consedine, in a release announcing the decision, said, “Our goal from the outset was to have a comprehensive, transparent review in order to make a fully informed and well-founded determination.  We have met that goal.”

In statement, Gov. Tom Corbett said “the goals for the commonwealth are to improve health care access, quality and affordability.  Today’s decision is an important step toward making these goals a reality in Western Pennsylvania.”

Read more: http://www.post-gazette.com/stories/business/news/state-approves-highmark-west-penn-allegheny-health-system-merger-685517/#ixzz2RreWfl90

American, US Airways Announce $11 Billion Merger

London Heathrow Airport (LHR/EGLL), London Bor...

London Heathrow Airport (LHR/EGLL), London Borough of Hillingdon, London, United Kingdom (Photo credit: Wikipedia)

DALLAS — American Airlines and US Airways have agreed to merge in an $11 billion deal that would create the world’s biggest airline.

The combined carrier will be called American Airlines but run by US Airways CEO Doug Parker.

The boards of the two airlines unanimously approved the deal late Wednesday, and the companies announced the agreement early Thursday.

The merger would reduce the number of major U.S. airlines to four: the new American, United, Delta and Southwest.

Read more: http://www.post-gazette.com/stories/business/news/american-airlines-us-airways-to-merge-675368/#ixzz2KuSpPCrN

Warren Buffett Part Of Group To Buy Heinz For $23 Billion

NEW YORK — H.J. Heinz Co. has agreed to be acquired by an investment group including billionaire investor Warren Buffett in a deal valued at $23.3 billion.

The ketchup company says it’s the largest deal ever in the food industry.  Heinz shareholders will receive $72.50 in cash for each share of common stock they own.  The transaction value includes the assumption of Heinz’s debt. Based on Heinz’s number of shares outstanding, the deal is worth $23.3 billion excluding debt.

Read more:  http://readingeagle.com/article.aspx?id=452820