Business news briefs: West Penn hospitals turning operation profits

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West Penn hospitals turning operation profits

The hospitals of the financially troubled West Penn Allegheny Health System, now a part of Highmark Inc.'s Allegheny Health Network, turned a $4.5 million "profit from operations" in October, "the first month in more than two and half years that West Penn Allegheny has experienced an operating profit," according to the hospital system President and CEO John Paul.

Duquesne Light cuts power for upgrades

About 200 customers near Allegheny Commons on the North Side will be without power for up to 17 hours on Wednesday as Duquesne Light performs upgrades to its distribution system, the utility said. Upgrades in neighborhood will continue until the end of the year; customers will be notified of outages as they are planned.

FTC approves settlements in 3 mattress cases

The Federal Trade Commission approved settlements that three mattress sellers made deceptive environmental claims about their mattresses. Under the settlement, Relief-Mart Inc., Essentia Natural Memory Foam Co. and Ecobaby Organics agreed not to make claims that their mattresses were chemical-free, odorless or made from 100 percent natural materials without reliable scientific evidence to prove the claims.

Manufacturing output up despite production declines

Manufacturing output rose 0.3 percent in October as stronger output of primary metals and furniture offset declines in auto production, the Federal Reserve reported Friday. Overall industrial production fell 0.1 percent. The mining sector, which includes oil and gas drilling, declined 1.6 percent after six months of gains.

Wholesale businesses see uptick in sales

Wholesale stockpiles rose a seasonally adjusted 0.4 percent in September, the Labor Department said Friday. Sales at wholesale businesses rose 0.6 percent in September.

GM recalls thousands to fix faulty car equipment

General Motors is recalling nearly 44,000 Chevy Malibu cars from the 2014 model year to fix window defrosters that may not work. GM also is recalling nearly 15,000 Malibus from the 2013 model year because wiring beneath the seats can catch fire.

Men's retailer withdraws bid to buy rival chain

Jos. A. Bank withdrew its $2.3 billion offer to buy rival Men's Wearhouse. Jos. A. Bank made an unsolicited offer of $48 per share for Men's Wearhouse Inc. in September. Men's Wearhouse rejected the bid in October, calling it "opportunistic" and "inadequate."

 


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