FedEx sees holiday shipment rise
FedEx expects that holiday shoppers will be more nice than naughty this year, with shipments rising from 2012. The Memphis, Tenn.-based company said Wednesday it expects to carry more than 22 million shipments on the busiest day of the season, which it believes will be Dec. 2. This is the first time that FedEx expects so-called "Cyber Monday" to be its busiest day of the season. Last year, the company's heaviest load fell Dec. 17, when it carried 19.9 million shipments. This week, FedEx rolled out a new service called One Rate, a flat-rate shipping option that it hopes will boost its share of the holiday-shipping business.
WPAHS drops Fitch Ratings
The West Penn Allegheny Health System has opted to no longer contract with Fitch Ratings to rate its $714 million in series 2007A bonds. Spokesman Dan Laurent said the decision was made as part of the Allegheny Health Network's "ongoing efforts to effect greater cost-efficiencies across all aspects of its operations. Ratings agencies charge annual fees to provide their rating services, and organizations are not required to have all three ratings agencies rate their bonds. Though no decision has been made at this point with regard to our future contracting with the two remaining ratings agencies -- S&P and Moody's -- we will continue to meet our full responsibilities to bondholders through the rating process."
AGH finishing $7M operating room
Allegheny General Hospital is putting the final touches on a $7 million "hybrid operating room" as well as a 36-bed ambulatory care center adjacent to the hospital's operating rooms. The hybrid operating room will enhance access to a robotic 3-D imaging system for surgical teams performing complex cardiovascular procedures while the ambulatory care center "is designed to provide a more convenient and efficient experience for patients undergoing outpatient surgery," according to the hospital.
Firm seeks to complete offering
Complexa Inc., a 5-year-old South Side biopharmaceutical company specializing in therapies to treat inflammatory and metabolic diseases, hopes to raise the final $1.23 million of its total offering of $4.4 million in the next year, according to documents filed with the SEC. The minimum investment for outside investors is $50,000.
Coffee stores to open here
Emeryville, Calif., specialty coffee and tea company Peet's Coffee & Tea is opening four stores in the Pittsburgh region this month, taking over sites that had held Caribou Coffee Co. locations. The sites are in Brentwood, Oakland, the SouthSide Works and Waterworks Mall near Aspinwall.
Teavana launching in NYC
Starbucks is opening its first Teavana Tea Bar in New York City on Thursday. The Seattle-based company last year bought Teavana, a chain of about 300 stores primarily in malls.
Nissan Motor Co. is recalling more than 188,000 Nissan Pathfinders from the 2013 and 2014 model years and 2013 Infiniti JX35 and its successor model, the 2014 QX60, to fix faulty brake control software that could increase the risk of a crash. Nissan will notify owners, and dealers will reprogram the antilock brakes free of charge. Owners with questions can contact Nissan at 1-800-647-7261.
Faulty Suzuki motorcycles
Suzuki is recalling 210,228 GSX-R600 and GSX-R750 motorcycles from the 2004 through 2013 model years and GSX-R1000 motorcycles from the 2005 through 2013 model years because the front brakes might not work properly. Suzuki Motor of America Inc. will notify owners starting next month, and dealers will replace the front brake master cylinder for free.