New CEO at David's Bridal
David's Bridal Inc., the Conshohocken-based retailer, named Pamela B. Wallack, an executive at Gap Inc., as its new chief executive officer, effective May 28. Wallack replaces Robert D. Huth, who had led the company since 1999 and retired at the end of March. David's Bridal has about 300 stores. - Reid Kanaley
FAA to fund control towers
The 149 small-airport control towers slated for reduced hours or closure June 15, including Trenton-Mercer Airport, will stay open, U.S. Transportation Secretary Ray LaHood announced. The Federal Aviation Administration will transfer enough funds to end furloughs and keep the towers open through the end of the fiscal year Sept. 30. "We're happy the FAA has finally decided to do what's important for economically vibrant regions like Mercer County," said Mercer County Executive Brian Hughes. - Linda Loyd
A Parx proposed for Md.
Greenwood Gaming & Entertainment Inc., owner of Parx in Bensalem, said it was applying for a casino license in Maryland. The company is also partnered with Baltimore-based Cordish Cos. to build Live Hotel & Casino, one of six proposals competing for Philadelphia's second gaming license. Maryland Casino L.L.C. - a subsidiary of Greenwood - submitted an application to develop an $800 million hotel, gaming, and entertainment venue in Prince George's County to be called Parx Casino Hotel & Spa. - Suzette Parmley
Regulators close two banks
Regulators closed a bank in North Carolina and one in Georgia, bringing the number of U.S. bank failures to 12 this year. - AP