Agency rates West View Bank as needing improvement
Pittsburgh-based West View Savings Bank received a "Needs Improvement" rating from the Federal Deposit Insurance Corp. after an examination in August for compliance with the federal Community Reinvestment Act. The 1977 law is intended to encourage insured banks and thrifts to meet local credit needs, including those of low- and moderate-income neighborhoods. CEO David Bursic said the FDIC wants the bank to increase the overall volume of loan originations. The agency "seems to be satisfied" with the number of loans in low- and moderate-income areas, he said.
After 35 days, Beaver Valley Power Station back online
The Beaver Valley Power Station in Shippingport placed its Unit 1 nuclear reactor back online Monday after a 35-day outage. The 911-megawatt plant was shut down for refueling and maintenance. The reactor had two new rotors installed and 60 of its 175 fuel assemblies replaced. Beaver Valley is owned by FirstEnergy Nuclear Operating Co., a division of Akron, Ohio-based FirstEnergy Corp.
Heart bypass surgery deaths still declining
Mortality rates for patients undergoing heart bypass surgery have continued to decline, according to a report by the Pennsylvania Health Care Cost Containment Council, a Harrisburg-based independent state agency that collects and analyzes health data. Since 2005, death rates have gone from 1.9 percent to 1.5 percent. The report, available online at www.phc4.org, also contains data on individual hospitals and surgeons as well as hospitals' average charge for the procedure.
* Calgon Carbon Corp. swung into the black in the third quarter compared to the same time last year when the Robinson-based environmental products and services company took an $8 million restructuring charge. Net income was $11.9 million, or 22 cents per share, up from a loss of $4.5 million, or 8 cents, a year earlier. Per-share results matched Wall Street estimates. Sales rose 3 percent to $139.4 million from $135.5 million.
* L.B. Foster Co. reported third-quarter earnings of $9.8 million, or 95 cents per share, compared to $8.5 million or 83 cents per diluted share, for the same quarter in 2012. Sales for the third quarter decreased 4.8 percent to $162.2 million, compared to sales of $170.3 million for the third quarter last year. Green Tree-based L.B. Foster makes and ships construction and transportation materials.
Educational association says service-sector index rises
The Institute for Supply Management said Tuesday that its service-sector index rose to 55.4 in October, up from 54.4 in September. Any reading above 50 indicates expansion.
Burger King bringing back 'Big King' sandwich
What has two all-beef patties, special sauce, lettuce, cheese, pickles and onions on a sesame bun? Burger King's latest sandwich. The Miami-based chain says it's bringing back its "Big King" sandwich, which looks a lot like the Big Mac made by its rival McDonald's.