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Scranton, PA

NY Museum Heist Crew Convicted In Decades-Long Crime: Feds NY Museum Heist Crew Convicted In Decades-Long Crime: Feds
NY Museum Heist Crew Convicted In Decades-Long Crime: Feds It took them 20 years to steal it all—but just four weeks for a jury to take it back. Three members of a Pennsylvania-based museum heist crew were convicted after a four-week federal trial for their roles in a 20-year conspiracy that saw the theft of fine art, sports memorabilia, and historic artifacts worth over $4 million, the FBI announced on Tuesday, Feb. 11. Nicholas Dombek, 54, of Thornhurst, Damien Boland, 48, of Moscow, and Joseph Atsus, 48, of Roaring Brook were found guilty of conspiracy to commit theft of major artwork, concealment and disposal of major artwork, and interstate …
Most Expensive States: Here's Where NY Ranks, New Report Says Most Expensive States: Here's Where NY Ranks, New Report Says
Most Expensive States: Here's Where NY Ranks, New Report Says A new ranking by CNBC has found that both New York and Massachusetts are part of the top 10 most expensive states to live in. The CNBC report, which was published on Friday, July 12, used an index of prices for a broad range of goods and services, which was calculated by the Council for Community and Economic Research (C2ER), alongside housing affordability and the cost to insure a median-priced home, to determine the list of spendy states. New York, which ranked in ninth place (tied with Florida, Rhode Island, and Washington), earned a grade of D- from CNBC’s “Top States for Business 202…
Rite Aid Announces Additional NY Store Closures After Declaring Bankruptcy Rite Aid Announces Additional NY Store Closures After Declaring Bankruptcy
Rite Aid Announces Additional NY Store Closures After Declaring Bankruptcy Rite Aid has announced new store closures after the struggling pharmacy chain filed for bankruptcy in the fourth quarter of 2023. Shortly after declaring bankruptcy, Rite Aid announced 154 store closures, with 20 in New York, and 14 on Long Island. In a filing on Tuesday, April 9, the company said 17 more stores, including three in New York (with two on Long Island) are now slated for closure. Rite Aid currently has 2,000 stores and about 44,000 employees. The Long Island stores slated for closure (with the newly announced closures in bold) are: 283 West Jericho Turnpike, Huntingto…
Rite Aid Announces 20 NY Stores Slated For Closure After Declaring Bankruptcy Rite Aid Announces 20 NY Stores Slated For Closure After Declaring Bankruptcy
Rite Aid Announces 20 NY Stores Slated For Closure After Declaring Bankruptcy Rite Aid has announced specific store closures just days after the struggling pharmacy chain filed for bankruptcy. Of the 154 closures nationwide announced on Tuesday, Oct. 18, 20 are in New York, 14 of which are on Long Island. Rite Aid currently has 2,100 stores and about 45,000 employees. The Long Island stores slated for closure are: 2 Whitney Ave., Floral Park 3131 Hempstead Turnpike, Levittown 3199 Long Beach Road, Oceanside 198 West Merrick Road, Valley Stream 836 Sunrise Highway, Bay Shore 2784 Sunrise Highway, Bellmore 901 Merrick Road, Copiague 577 Larkfield Road, East Nor…
Rite Aid Files For Bankruptcy Amid Drop In Sales, Opioid Lawsuits Rite Aid Files For Bankruptcy Amid Drop In Sales, Opioid Lawsuits
Rite Aid Files For Bankruptcy Amid Drop In Sales, Opioid Lawsuits One of the country’s largest pharmacy chains has just filed for bankruptcy. The move by Rite Aid comes amid declining sales and a rise in debt, which hit $3.3 billion, according to midyear filings.  The company said in an announcement on Sunday, Oct. 15 that in connection with the filing, it has received a commitment for $3.45 billion in new financing from some of its lenders.  "This financing is expected to provide sufficient liquidity to support the company throughout this process," Rite Aid said. Rite Aid is one of a number of drugstore chains facing litigation related to the…
Rite Aid Plans To Close 400-Plus Stores, Report Says Rite Aid Plans To Close 400-Plus Stores, Report Says
Rite Aid Plans To Close 400-Plus Stores, Report Says Rite Aid will close 400 to 500 stores as part of a Chapter 11 bankruptcy reorganization, according to a new report. The drugstore chain is now negotiating with creditors to formulate a bankruptcy plan that would include liquidating a substantial portion of its more than 2,100 drugstores, The Wall Street Journal says. Rite Aid is facing over $3 billion in debt and more than a thousand federal lawsuits alleging it oversupplied opioids, the report said. Founded 61 years ago in Scranton, Pennsylvania, Rite Aid moved its headquarters to Philadelphia in 2022. Click here to read the complet…