Business news briefs: Mercer County health system nears deal with firm, clinic

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Mercer County health system nears deal with firm, clinic

Sharon Regional Health System in Mercer County is set to be sold to the Tennessee-based for-profit firm Community Health Systems while also working with the Cleveland Clinic to bolster its clinical services. The deal, expected to close later this year, will bring capital for the hospital to invest in its facilities, services and technology. The board of trustees will be comprised of medical staff and local community leaders. Community Health Systems operates 135 hospitals in 29 states, including 17 in Pennsylvania. In March, the publicly traded company and Cleveland Clinic agreed to an alliance "to advance quality, cost-effective" health care.

Lawrenceville robotics firm plans expansion

Carnegie Robotics LLC, a Lawrenceville-based firm that brings robotic technologies to commercial markets, is planning to expand its facilities and hire more than 20. The company received $50,000 in job creation tax credits, an $11,250 Guaranteed Free Training grant and an $850,000 10-year low-interest loan from the Department of Community and Economic Development. The funds will go toward expanding the company's 6,427-square-foot space to a 31,000-square-foot site. The company is expected to invest more than $1.7 million toward the effort.

Lake Erie Works employees to vote on proposed contract

Union workers at U.S. Steel's Lake Erie Works in Nanticoke, Ont., are scheduled to vote Friday on a proposed five-year contract that would end a lockout that began April 28. Members of United Steelworkers Local 8782 overwhelmingly rejected the company's previous offer in June. Terms of the proposed agreement were not disclosed. The deal was reached following a Friday meeting between the company and the union at USW headquarters in Pittsburgh. The lockout contributed to the $78 million loss the steel producer reported for the second quarter.

Yuengling chief seeks 'right to work' law in Pa.

The head of Pottsville-based D.G. Yuengling and Son Inc. called for the passage of a "right to work" law in Pennsylvania that would make it more difficult for unions to organize. Dick Yuengling Jr. said at a Pennsylvania Press Club appearance Monday that he also wanted to see a reduction in the capital stock and franchise tax. Mr. Yuengling called Republican Gov. Tom Corbett "a great man" who's trying to do the right thing.

Pending home sales index declines 1.3 percent in July

The National Association of Realtors says its seasonally adjusted index for pending home sales declined 1.3 percent in July. The small decline suggests sales of previously owned homes should remain healthy in the coming months. There is generally a one- to two-month lag between a signed contract and a completed sale.



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