HARRISBURG — Gov. Tom Corbett is naming the president of a Philadelphia investment advisory group to become the new chairman of Pennsylvania's $26.5 billion state employee pension system.

Corbett announced his appointment of the Swarthmore Group's Glenn Becker on Wednesday to chair the State Employees' Retirement System.

Corbett says Becker has a record of accomplishment in developing strong fiscal plans. The Swarthmore Group says it manages about $1.5 billion in institutional assets.

DETROIT — Ford is recalling 27,933 Edge crossovers in the U.S. because a damper in the fuel line could crack and cause fuel leaks. The recall involves Edges from the 2012 and 2013 model years with 2.0-liter engines. All of the vehicles were produced between September 2010 and April 2013.Ford said an improper manufacturing process could cause the damper to crack, resulting in fuel odor or leakage. Fuel leaks can lead to a vehicle fire.Ford dealers will repair the fuel lines for free. The company will begin notifying owners next month.

NEW YORK — The parent company of the Chuck. E. Cheese restaurant chain has agreed to be acquired by an Apollo Global Management affiliate for about $950 million.Chuck E. Cheese restaurants are known for their games, rides and play areas for children. Robotic characters including the Chuck E. Cheese mouse and others provide musical entertainment. The restaurants offer a variety of food, such as pizza, sandwiches, appetizers, a salad bar and desserts.Investment firm Apollo will pay $54 per share for CEC Entertainment. That's a 12 percent premium to the company's Wednesday closing price of $48.43. The companies put the deal's value at about $1.3 billion, including debt.

NEW YORK — Struggling department-store operator J.C. Penney announced it will cut 2,000 jobs and close 33 stores as it tries to get back on the path to profitability.The cuts announced Wednesday should save more than $65 million annually. The company will take $26 million in pretax charges in the third quarter and $17 million in future quarters. Penney has 116,000 staffers and operates more than 1,100 stores.

The National Labor Relations Board is targeting Wal-Mart over its alleged crackdown on its protesting workers.The NLRB filed a formal complaint Wednesday against the Bentonville, Ark., chain, alleging that the company violated the rights of more than 60 employees rallying over workplace conditions in 14 states. The filing stems from NLRB findings released in November that deemed unlawful Wal-Mart's reactions to employees who participated in strikes around Black Friday in 2012.