In the Region
National Penn restrictions eased
A federal bank regulator released
National Penn Bank, Boyertown, from an informal January 2010 regulatory agreement that was designed to ensure the bank got risky loans under control, National Penn's parent company said. The
Office of the Comptroller of the Currency also lifted the individual minimum capital requirements it had set for National Penn, which has boosted its capital levels and taken significant steps to rid its books of troubled loans. National Penn has about $9 billion in assets.
- Harold BrubakerAmazon, NBC Universal have film deal
Comcast Corp.'s NBC Universal unit reached an agreement with
Amazon.com Inc. enabling customers to watch certain movies from
Universal Pictures online. The deal with NBCU, which owns Universal Pictures, adds films to Amazon Prime's streaming-video service, Amazon said. Amazon Prime is a membership program that gives subscribers discounts on shipping for a $79 annual fee. In a push to challenge video services Netflix and Hulu, Amazon said in February that it would offer Prime customers unlimited access to an online video library.
- Bloomberg NewsDuPont profit rises on strong sales
DuPont Co., Wilmington, said strong sales in its agriculture, performance chemicals, and safety and protection units had helped push its second-quarter profit up 5 percent from a year earlier to $1.22 billion, or $1.29 a share. The company also cited benefits from its acquisition of Danisco, a Danish food-additives maker. Revenue rose 19 percent to $10.26 billion.
- APBen Franklin centers receive $30.6M
The
Ben Franklin Technology Development Authority approved a $30.6 million investment in Pennsylvania's four regional Ben Franklin Technology Partners, which invest in new and established companies in the state. The Commonwealth
Financing Authority, which borrows money in the bond market, provided $16.6 million for investments in alternative-energy start-ups and new-product innovations. The remainder, $14 million, came from taxpayers, as appropriated in this year's state budget.
- Harold BrubakerRite Aid revenue grew in July
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