Business news briefs: Garage cutting parking price for last 3 Steelers games

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Garage cutting parking price for last 3 Steelers games

Steelers fans who have endured a tough season so far will have something to cheer about this Sunday -- a price break at one North Shore garage. Alco Parking Corp. is cutting the price of parking at the North Shore Garage at 20 E. General Robinson St. near the Andy Warhol Museum from $35 to $25 for the final home games against Miami, Cincinnati and Cleveland.

Merrill Stabile, Alco's president, said the reduction is an effort to generate more traffic at the garage, which has been half empty for home games the last two seasons. He attributed the loss of business in large part to the extension of the light rail transit system to the North Shore. He believes many fans have been parking at cheaper garages and spaces Downtown and taking free T rides to the North Shore.

Cyber Monday sales climb 21% from last year

Cyber Monday sales surged, sending online shopping toward a single-day record as Amazon and eBay siphoned consumers from brick-and-mortar stores. Online sales rose 21 percent from 2012, International Business Machines Corp. said in a statement. Retailers catering to smartphone and tablet users benefited the most, with mobile devices driving more than 17 percent of online purchases on Cyber Monday, IBM said.

FDA seeks better monitoring of some defibrillators

The U.S. Food and Drug Administration said Tuesday that some HeartStart automated external defibrillators may be unable to provide the necessary shock during a cardiac emergency. The FDA recommends better inspection and monitoring of the devices, but has advised keeping all current HeartStart AEDs in service until they can be replaced. The devices were distributed between 2005 and 2012 under the names HeartStart FRx, HeartStart HS1 Home, and HeartStart HS1 OnSite. The HeartStart defibrillators are made by Philips Healthcare, part of Amsterdam-based RoyalPhilips Electronics.

Consumer agency to supervise more student loan companies

A rule issued Tuesday by the Consumer Financial Protection Bureau extends the agency's supervision to Sallie Mae and other companies that collect student loan payments. The CFPB already oversees banks that service student loans. Sallie Mae is the biggest U.S. student lender. Other nonbank companies that service student loans include American Education Services, Nelnet Inc. and ACS Education Services, which is owned by Xerox Corp.

Ministers expect OPEC to maintain oil production

Energy ministers from Iraq, Kuwait, Angola and Algeria expect OPEC to keep its crude production target unchanged after Saudi Arabian Oil Minister Ali al-Naimi said the market is "in equilibrium." The ministers meet in Vienna today to decide whether to alter the group's 30 million-barrel-a-day target.

RV manufacturers intend to increase shipments

RV manufacturers expect to pass another milestone in their recovery from the recession that landed the industry in a deep ditch. Led by sales growth for towable RVs and pricier stand-alone motor homes, recreational vehicle makers expect to ship more than 300,000 units to dealers this year for the first time since the economic downturn, the Recreation Vehicle Industry Association said. That would be up nearly 11 percent from last year's total of 285,749.

From staff and wire reports


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