Thursday, December 20, 2012

Today's Business News in the Lehigh Valley, 12/20/12

Good morning and happy Thursday, Lehigh Valley. Tomorrow is the Winter Solstice, and no, it will not be the end of the world! However, tomorrow will have the longest night and shortest day of the year.

PA state and federal Democratic lawmakers are calling for increased gun control legislation in the wake of the tragic shooting at Sandy Hook Elementary School last Friday. There are plans for a Democratic task force that will examine "a comprehensive approach to reducing gun violence, including a better system of background checks for gun purchases and expanding mental health services."

Lehigh Valley International Airport (ABE) will begin offering direct international flights as early as 2014. On Tuesday the airport authority endorsed a $5 million plan to add a U.S. Customs station that would allow LVIA to have flights out of the country.

NYSE Euronext, the operator of the New York Stock Exchange, will be sold to IntercontinentalExchange in an $8.2 billion cash and stock deal. IntercontinentalExchange operates commodity and derivatives markets around the world and has a larger market value than NYSE.

The United States Treasury will be selling its remaining shares in General Motors over a 15-month period, with plans to sell the 500 million shares bought during the bailout back to GM for $5.5 billion.

Today's Member of the Day is Copperhead Grille, with locations in Allentown and Center Valley. Copperhead Grille is offering a $10 voucher when you buy $50 in gift cards, perfect for the last minute shoppers out there! 

No comments: