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Rite Aid emerges from Chapter 11 bankruptcy as private company
Rite Aid announced on Wednesday that the company had completed its financial restructuring and is emerging from bankruptcy as a private company."Emergence is a pivotal moment in Rite Aid's history, enabling it to move forward as a significantly transformed, stronger, and more efficient company," said CEO and Chief Restructuring Officer Jeffrey Stein in an online statement.Officials say Rite Aid, which has its headquarters in Philadelphia, eliminated roughly $2 billion of total debt and received about $2.5 billion in exit financing to support the business going forward.Additionally, Rite Aid will now operate as a private company, officials announced.Rite Aid initially filed for Chapter 11 bankruptcy protection in October 2023.In April 2024, Action News reported that nearly 80 pharmacies in Pennsylvania had closed since the beginning of the year."We are grateful for the ongoing support of our customers, associates, and partners, and we look forward to continuing to provide leading pharmacy services designed to improve health and wellness outcomes across the communities we serve," said Stein.
Pennsylvania Lottery unveils new Game of Thrones Second Chance drawing; cash prizes up to $7 million
(WHTM) — The Pennsylvania Lottery has announced that their new Game of Thrones Second-Chance Drawing is now open to players. Starting now through January 23, 2025, players may enter any non-winning [$10] Game of Thrones Fast Play game ticket into this Second-Chance Drawing. Each non-winning Fast Play ticket will be awarded ten entries. 44 winners will be […]
Pa. House Republicans focus on shortcomings of state stalking laws at Bucks County hearing
Lawmakers and Bucks County officials testified at a hearing at Upper Bucks Technical School to help identify the various forms of stalking and the legal blind spots that prevent law enforcement personnel from intervening.
Pennsylvania receives “D” grade for pro-union policies from Commonwealth Foundation
(WHTM) — Pennsylvania has received a grade of “D” in one new ranking of states. However, not everyone considers this bad news. After Labor Day, the Commonwealth Foundation ‘graded’ states based on their labor laws. A handful of states in the South received an “A+.” States like Maryland and California received an “F.” “The defining […]
Spotlight PA investigation spurs call for more oversight of who can be a medical marijuana doctor
Spotlight PA is an independent, nonpartisan, and nonprofit newsroom producing investigative and public-service journalism that holds power to account and drives positive change in Pennsylvania. Sign up for our free newsletters. If you purchase a product or register for an account through a link on our site, we may receive...
Pennsylvania man pleads guilty to defrauding $2M from investors
PENNSYLVANIA (WTAJ) — A Pittsburgh man has pleaded guilty in federal court to defrauding his investors out of $2 million in a green energy scheme. Jonathan Freeze, 65, pleaded guilty to a charge of conspiring to commit mail and wire fraud, according to United States Attorney Eric G. Olshan. He pleaded in front of United […]
Fall forecast calls for impressive autumn foliage in upstate NY
Leaf peepers rejoice — conditions appear to be aligning for vibrant fall colors in western and central New York and the North Country. AccuWeather predicts especially colorful fall foliage across more than 20 states this autumn, though not in traditional prime areas like much of New England. ...
Pa. activists try to head off nuclear restart at Three Mile Island
Federal incentives for emissions-free energy have owners of recently shuttered nuclear plants exploring restarts. Now some activists are calling on Pennsylvania’s government to prevent the reopening of Three Mile Island. TMI Unit 1 owner Constellation said this summer it would be technically possible to repower the plant, but it...
Sen. Schwank hosts Ag Secretary and State Veterinarian for Berks County agriculture discussion
State Senator Judy Schwank hosted an agriculture update at Penn State Berks on Wednesday morning, where Pennsylvania Secretary of Agriculture Russell Redding and State Veterinarian Dr. Alex Hamberg presented the latest developments in the state’s agriculture sector. The event was attended by local farmers, stakeholders, and community members, offering them the opportunity to engage directly with state officials on the challenges and progress in Pennsylvania agriculture.
Free Wawa coffee! Promotion runs through Sept. 15 for certain NJ customers
Wawa is giving out free coffee to certain customers in specific states, and New Jersey is one of them. The promotion is only good for about two weeks. It applies to coffee of any size. To mark the start of the school year, the convenience store chain is running the...
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