Business news briefs: Pa. shale jobs lagging

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Shale jobs lagging

A new report from the Keystone Research Center in Harrisburg crunches shale-related job numbers and concludes they are a speck of the state's economy. The full report is available at www.multistateshale.org.

Pa. firm moves Fla. offices

Buchanan Ingersoll & Rooney is closing its Aventura, Fla., office, and moving staff to its new office in nearby Fort Lauderdale. The Downtown Pittsburgh-based law firm said the Fort Lauderdale office will open Nov. 25.

Four Seasons looking at IPO

Prince Alwaleed bin Talal, the Saudi billionaire who took a 95 percent stake in the Four Seasons hotel chain with Bill Gates, is weighing options including an initial public offering for Four Seasons Holdings Inc. and Fairmont Hotels & Resorts Inc.

Producer price index drops

The Labor Department said Thursday that the producer price index, which measures prices before they reach the consumer, dropped 0.2 percent in October led by the cost of gasoline, which plunged 3.8 percent. Excluding volatile energy and food prices, wholesale costs increased 0.2 percent in October and 1.4 percent in the past 12 months.

Kia recalls suspension part

Kia Motors Corp. is recalling nearly 80,000 Sedona minivans from 2006 through 2012 because a suspension part can break and cause drivers to lose control of the vehicles. They were sold or registered in 20 states, including Pennsylvania, and Washington, D.C., where salt is used to clear roads in the winter.

London subway sees job cut

London's subway system is planning to introduce 24-hour service on the weekends on some lines under plans that will involve closing all ticket offices and cutting 750 jobs by 2015. Union leaders warned of strike action.


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