UK Watchdog Fines BNY Mellon $185 Million

Bank of New York Mellon will pay a $185 million penalty to British regulators for failing to keep customer money safe during the financial crisis.

The fine brought by the U.K. Financial Conduct Authority settles an investigation into the bank’s practices between November 2007 and August 2013.

The British watchdog said the bank’s failure to “record, reconcile and protect safe custody assets” during that period “was particularly serious given the systemically important nature of the firms.”

The world’s largest custody bank, BNY Mellon safeguards financial assets for clients, including large institutions.

Read more: http://triblive.com/business/headlines/8177054-74/bank-mellon-bny#ixzz3XOT7DbxX
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Two Years In The Making, Market Square Grocery Store’s Opening Is Near

On a cloudy and cool spring morning, Downtown Pittsburgh’s first grocery in five years was emerging from its shell like a butterfly from its cocoon.

Some workers stocked a freezer with frozen shrimp, lobster langostino and other seafood. Others handled deliveries of cheeses and other goods. Yet others trained to use the cash register.

At the back of 435 Market St., bottles of imported red and white Italian wines beckoned visitors. Pastas, cereals, chocolates, pickles, olives, teas, cookies, jelly, potato chips and sauces crammed the shelves.

“ ‘Finally’ is the word,” developer Ralph Falbo said as he talked to two friends and surveyed the scene.

Read more:

http://www.post-gazette.com/business/development/2015/04/15/Market-Square-to-get-grocery-store-soon/stories/201504150099

Giant Supermarkets To Boost Minimum Pay To $9 Per Hour

Giant Food Stores will boost its minimum pay to $9 per hour, effective June 7, the company said Tuesday.

The change applies to 197 non-union supermarkets run by Carlisle-based Giant and its Martin’s division.

Data from a website that tracks wages shows the decision will be worth as much as $1.67 per hour extra for the company’s workforce.

“Our associates are the foundation of our success and we have always believed in paying competitive wages to attract the best talent,” said Giant President Tom Lenkevich in a prepared statement.

Read more:

http://lancasteronline.com/business/local_business/giant-supermarkets-to-boost-minimum-pay-to-per-hour/article_9581413c-e360-11e4-8edd-bfd0cd3f9d3d.html

Harrisburg City Council Passes Resolution Calling For Safety Of Oil Trains

Lancaster County officials aren’t the only ones expressing concern over oil trains passing through communities along the Susquehanna River.

Harrisburg City Council Tuesday night passed a resolution that urges Congress and the U.S. Department of Transportation to improve the designs of rail cars that carry explosive crude oil across the country and through populated areas.

The resolution also urged rail companies to replace their fleet of oil tank cars with improved models. And the measure asked the Pennsylvania Emergency Management Agency to help local emergency responders better prepare for the possibility of an oil-train accident.

Read more:

http://lancasteronline.com/news/local/harrisburg-city-council-passes-resolution-calling-for-safety-of-oil/article_9b630868-e376-11e4-b6a8-3f5ea18bf998.html

PREIT Reveals The Gallery’s New Look

Everything about the decrepit Gallery at Market East may be about to change.

Under an intended top-to-bottom renovation, one of Center City’s most notorious dead spots would be reborn as a gleaming glass-and-steel emporium – brimming with brand-name discount fashion shops, destination restaurants, and lively sidewalk cafés.

Even the name would be new. Welcome, shoppers, to the Fashion Outlets of Philadelphia.

Details of the plan were provided exclusively to The Inquirer in advance of a series of meetings by government agencies whose support is vital to the project. The news marks a grand unveiling of plans for the Gallery following years of uncertainty and speculation.

Read more at http://www.philly.com/philly/business/20150415_PREIT_reveals_the_Gallery_s_new_look.html#ZjuIZxyXWmB7TTV1.99

The State Theatre Presents Four Bitchin’ Babes

25th Anniversary Celebration

The original “Girls Night Out” group that started it all celebrates 25 years of fan favorites with their signature heavenly harmonies and classic killer comedy! It’s the BEST estrogen fueled musical review EVAH from the BEST of the 4 Bitchin Babes!

“The traveling Oprah Winfreys” – The Boston Globe

All Audiences.

Watch a clip of Four Bitchin’ Babes on YouTube
&
Listen to a sampling of their music

Click Here to Buy
Last Minute Discount
RUSH Tickets
for ONLY $10.00!

Price of Regular Ticket at the door $25.00

Seats are in the Orchestra or Loge levels
(patrons will be seated upon arrival)

Rush Tickets available online only through the Lehigh Valley Arts Council

The State Theatre
453 Northampton Street
Easton, PA 18042