Business news briefs: Pittsburgh International's Hyatt sold to MFH PIT IV

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Pittsburgh International's Hyatt sold to MFH PIT IV

The Dauphin County General Authority completed the sale of the Hyatt Regency Hotel at Pittsburgh International Airport to MHF PIT IV LLC, an affiliate of Warwick, R.I.-based Magna Hospitality Group, on Friday. MHF paid $44.5 million for the 336-room hotel, which will go on the tax rolls for the first time in its 13-year history.

Carnegie Mellon receiving R&D funds from Taiwan

Foxconn Technology Group, the Taiwan-based maker of Apple's iPhone, will fund $10 million worth of research and development at Carnegie Mellon University as part of plans to develop robotics. Foxconn flagship company Hon Hai Precision Industry Co. also will invest $30 million over two years to build a manufacturing facility in Harrisburg that will create about 500 jobs, said Terry Gou, the founder and chairman of Foxconn.

Sept. job postings up to 3.9 million

Job postings rose 69,000 to a seasonally adjusted 3.9 million in September, the Labor Department said Friday. That's the most since March 2008, just a few months after the Great Recession began. There were 2.88 unemployed people, on average, for each available job in September, down from 7 to 1 in July 2009, just after the recession ended. In a healthy economy, the ratio is usually about 2 to 1.


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