Monday, April 15, 2013

Business News in the Lehigh Valley, 4/15/13

Good morning Lehigh Valley, and happy Monday! Today is April 15, and many CPAs and Accountants are celebrating across the U.S. as the end of tax season is here!

Ahead of his lecture this week at the State Theatre, Steve Forbes has been discussing change coming to America's economy. “The most immediate thing in addition to not putting on new taxes is to remove the uncertainty around Obamacare,” said Forbes, the publishing magnate and two-time Republican presidential candidate.

The public is invited to hear Steve Forbes' lecture this Thursday night, April 18th at 8:00 p.m. Tickets are $35 and $40, but members of the Greater Lehigh Valley Chamber of Commerce get a special rate of $18.75. The Chamber is hosting a pre-lecture Signature Networking Event from 5:30 to 7:30 p.m. in the theater’s Brown-Daub gallery at 453 Northampton St. It includes a cash bar and complimentary hors d'oeuvres.

Pennsylvania Budget Secretary Charles B. Zogby said the state has closed on a $950 million general obligation bond with Bank of America Merrill Lynch, which will allow the state to finance public capital projects, provide grants to local water and sewer projects and provide funding for other programs.
The lender was among six companies that offered bids and was successful with a bid offering a 2.904% interest rate. The sale yielded the lowest-ever interest rate, credited to the state's strong fiscal management and good bond ratings.

David Vassilaros, Director of Healthcare Reform and Regulator Affairs at Capital BlueCross, answered a slew of questions last week during a live chat on our Health Care Reform Resource Center. In case you missed his Q&A section, you can still watch it on

In national news, The automakers GM and Ford announced yesterday they will team up to create nine-speed and 10-speed transmissions, that will be smoother and more fuel efficient than the gearboxes currently in their cars and trucks. More speeds will enable the car to shift more smoothly, as there is not as dramatic a change between gears, as well as improving fuel economy.

That's all for now, have a productive and enjoyable Monday Lehigh Valley!

Need more? Check out the "10 Things to Know for Today" from the Associated Press.

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