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Briefcase: 1st Summit shares earnings

Local Business

JOHNSTOWN 1st Summit Bancorp of Johnstown Inc., parent company of 1st Summit Bank, announced net income of $2.55 million for the third quarter ended Sept. 30, an increase of 2.3% compared to $2.49 million for the second quarter of 2026 and 49.7% compared to $1.70 million for the third quarter of 2025. Net income for the first nine months of 2026 totaled $7.3 million. Third quarter results are a continuation of the progress established earlier in the year, with strong loan growth, further expansion in net interest margin and stable credit quality. Net interest income increased 3.4% from ...

DoorDash offers $17B for Instacart in takeover

Local Business

DoorDash is offering $17 billion to buy Instacart in a deal that could consolidate the grocery delivery business in the U.S. and abroad. The companies say the tie-up would combine DoorDash’s global reach and expertise in logistics with Instacart’s purpose-built technology and long ...

Fed keeps rates unchanged despite elevated inflation

Local Business

WASHINGTON — The Federal Reserve kept its key rate unchanged Wednesday at about 3.9% despite stubbornly high inflation, as Chairman Kevin Warsh suggested its policies are already showing signs of having an impact. The Fed said “inflation remains elevated” in the statement it released ...

Briefcase: Buffalo Wild Wings to open

Local Business

The Altoona Buffalo Wild Wings will open its doors at 11 a.m. Saturday. Plans for the restaurant located behind Holiday Inn Express next to the AMC Theater complex along Convention Center Boulevard were announced in February 2025. In March 2025, Buffalo Wild Wings expanded into the area with its first State College location, taking over the former Maxxon building on Heister Street. HOLLIDAYSBURG Black Dog reopens A familiar downtown Hollidaysburg dining destination is getting a fresh start. The Black Dog Coffee and Catering, 519 Allegheny St., has reopened under the management of ...

Ticker: FTC orders companies to reveal personal data use

Local Business

The U.S. Federal Trade Commission is ordering Delta Air Lines, Walmart and other companies to provide detailed information on how they use consumers’ data when they are setting prices. The commission said Wednesday it’s also studying how ride-sharing and delivery companies like Uber use their independent drivers’ personal data when they’re setting compensation rates. Orders were also issued to United, JetBlue, Lyft, DoorDash, Instacart and Target. The FTC’s actions reflect customers’ increasing concerns about pricing technology and the use of artificial intelligence to ...

Blair County trick-or-treat tonight

Local News

Trick or treat night for Blair County will be held from 6 to 8 p.m. tonight, Thursday, Oct. 29. Parents are reminded to walk with small children and wear visible clothing. Motorists are reminded that with the potential for a higher volume of pedestrian traffic, extreme caution is recommended ...