Business News

A perfect storm of inflation, housing market issues, and gas prices have created a climate in which people need food.

Consumer prices should ease in about 6 months, experts say, after the supply bottleneck goes away.

Take a look at stories that ran throughout the week of which we are most proud, had a profound impact on readers or that you might want to look at again.

Less than a week after Rite Aid filed for bankruptcy, court documents show at least 154 stores will close — including an Allentown location.

Union workers at the Mack Trucks assembly plant in Lower Macungie Township went on strike Oct. 9. The two sides are seemingly no closer to an agreement as the walkout is about to enter its third week.

DOE has selected PPL's application for consideration in the Grid Resilience and Innovation Partnerships program.

Dorney Park officials said the first piece of Iron Menace arrived Thursday, and represents the first truckload of what will be about 68 total.

The $20 million mixed-use development is offering 75 apartments with one- and two-bedroom varieties among other things.

$2.5 million of renovations are completed for the Victory Firehouse in Southside Bethlehem as BSI Corporate Benefits' new headquarters. The renovations include modern office spaces, technology improvements, a new kitchen and re-adding firehouse-like garage doors.

Allentown officials and City Center representatives have said the new zoning regulations will lay the "framework" for the developer's ambitious plans.

Blackstone Structures’ Gary Newman said he considered refurbishing or moving the buildings in lieu of knocking them down, but those projects were too expensive and infeasible.

Another pediatric emergency room now is open in the Lehigh Valley. St. Luke’s University Health Network on Monday opened the Isaacman Family Children’s Emergency Room, after establishing a children’s hospital this past June.

The monthly report from the Greater Lehigh Valley Realtors shows home sales down 32 percent in September from September 2022. Low inventory and higher mortgage rates are to blame, officials say.

Pharmacy chain Rite Aid said late Sunday that it has filed for bankruptcy and now is focused on a restructuring plan that will close underperforming stores — including several in the Lehigh Valley.