Latest Pennsylvania business


High-profile votes, fights preview Wolf's challenges in June

HARRISBURG, Pa. (AP) — June is crunch time in the state Capitol and the challenges in front of Gov. Tom Wolf are becoming clearer in the Democrat's first go-round with budget negotiations.

In the last few days, his administration ruffled Republican feathers with a bare-fisted attack on the Senate Republicans' bill to scale back public pension benefits. And Wolf penned an open letter to business organizations that laid bare his frustration with their opposition to a natural gas production tax that Wolf is depending on to help increase public schools funding.

In addition, philosophical divisions between the House and Senate Republican majorities could prove complicated. Those divisions became even clearer in recent days with several major votes that showed them to be lukewarm, at best, to the other's priorities.


Charter buying Time Warner Cable in $55.33B deal

NEW YORK (AP) — Charter Communications will spend $55.33 billion to acquire Time Warner Cable in a cash-and-stock deal that would instantly create one of the largest pay-television and broadband operators in the U.S.

As part of the agreement, Charter will also buy Bright House Networks for more than $10 billion.

Charter will provide $100 in cash and shares of a new public parent company equal to 0.5409 shares of Charter for each outstanding Time Warner Cable share. The transaction values each Time Warner Cable share at about $195.71.

The companies on Tuesday valued Time Warner Cable at a total of $78.7 billion.

Shares of Charter Communications Inc. are up more than 3 percent in premarket trading.


Apex Tool Group to close Cortland, New York plant

CORTLAND, N.Y. (AP) — Apex Tool Group says it's closing its plant in upstate New York by the end of the year.

Apex says the work being done in Cortland will be shifted to newer plants in York, Pennsylvania, and Sumter, South Carolina.

The company also says the Cortland plant's 89 employees will be laid off but can apply for any open jobs at the facilities in Pennsylvania and South Carolina. The layoffs will be done in phases beginning Aug. 17.

Kelly Blask, a spokeswoman for the company, tells The Post-Standard of Syracuse ( ) the Cortland facility has been operating below capacity for some time.

The factory makes wire rope, chain fittings and overhead lifting devices. It has operated in the same building in Cortland since 1911.

Cortland is 30 miles south of Syracuse.


Fitzgerald named executive editor of 3 newspapers

HARRISBURG, Pa. (AP) — The chief editor of the Beaver County Times in western Pennsylvania is moving east to take a new job overseeing three newspapers in the Philadelphia area.

Shane Fitzgerald will become the executive editor of the Bucks County Courier Times in Levittown, The Intelligencer in Doylestown and the Burlington County Times in New Jersey. He is scheduled to start in his new position on June 15. All three papers are owned by Calkins Media Inc.

Fitzgerald will succeed Patricia S. Meagher-Walker, who retires next month after nearly 30 years with the company.


Pennsylvania gains 122 new state troopers

HERSHEY, Pa. (AP) — Pennsylvania has 122 new state troopers.

The latest class of cadets at the Pennsylvania State Police Academy in Hershey graduated Friday and are being deployed to troops across the state. Men and women attending the academy must successfully complete its rigorous physical and mental training before they can take on the responsibilities of troopers.

This was the 141st class to graduate from the academy since it opened in 1960.