Half-pint store model unveiled
Giant Eagle opened its first Market District Express store on the site of a former car dealership along Route 19 in McMurray. The 15,500-square-foot store that is a combination restaurant, pharmacy and market is a smaller version of its upscale format stocked with more than 300 varieties of beer. The McMurray location is a test, but two other Market District Express stores are planned in Ohio for Cleveland and Columbus.
Can't survive on $7.25
About 200 protesters marched in Market Square to call for an increase in the federal minimum wage to $15 an hour. The workers shut down business for a short time at McDonald's and Dunkin' Donuts locations Downtown when dozens of them gathered inside the businesses. The Pittsburgh protests were part of a larger effort by fast-food workers nationwide calling for increased wages and the right to form unions.
Deadline for retirees
Retirement investors aged 70 1/2 have about three more weeks to meet a Dec. 31 deadline to withdraw money from company retirement plans and traditional IRAs. The Internal Revenue Service requires retirement savers to begin making minimum withdrawal amounts so the government can begin receiving tax revenue from savings that have often been allowed to grow tax deferred for decades. The penalty for not making the withdrawals before the deadline is 50 percent of what should have been withdrawn.
Goodwill seeks cash donations
Goodwill of Southwestern Pennsylvania wants to raise its profile as a worthwhile charity by specifically asking donor for hard, cold cash instead of the usual donations of unwanted second-hand clothing or other household items that end up on the shelves. Goodwill was one of more than 8,000 organizations participating in the second annual Giving Tuesday event to kick-start the holiday giving season and provide an alternative to the consumer-driven Black Friday and Cyber Monday events.
Business is looking up
Optimism among entrepreneurs in Pittsburgh and around the world is improving, according to a survey by Entrepreneurs' Organization based in Alexandria, Va. The survey found 44 percent of Pittsburgh businesspeople reported their companies experienced higher revenues over the past six months, and 73 percent expect even greater revenues in the next six months.