Rue21 offers online shopping
Cranberry teen clothing retailer rue21 has joined the ranks of online sellers, just in time for the holiday shopping season. The chain, which was taken private in October in a $1.1 billion sale to a private equity investor, announced Friday that it has begun offering online shopping on its website, rue21.com. "The launch of our new e-commerce site marks a new chapter for our company and will be key to building our brand for the future," stated Bob Fisch, rue21's president and CEO, in the announcement.
L.B. acquires coatings firm
Green Tree-based L.B. Foster Co. announced Friday it has acquired Ball Winch Pipeline Services LLC., a Willis, Texas-based specialty pipe coatings company that serves for the oil and gas, mining, water and wastewater industries. L.B. Foster makes and ships construction and transportation materials.
Consumer spending up again
Consumer spending rose 0.2 percent in September, after a 0.3 percent gain the previous month, the Commerce Department reported Friday. Income rose 0.5 percent in September, matching the August gain. The gain in income and the slowdown in spending meant consumers saved 4.9 percent of their after-tax income, up from 4.7 percent in August.
Light woes spur Tiguan probe
U.S. safety regulators are investigating an estimated 61,000 VW Tiguans from the 2009 through 2011 model years because the headlamps and other outside lights can fail with little warning. The probe was announced Friday by the National Highway Traffic Safety Administration.