Business Briefs: 4/18/14


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Drilling equipment company coming to Leetsdale

National Oilwell Varco. a Houston-based company that designs, manufactures and sells equipment used in oil and gas drilling and production, has signed a 10-year lease to occupy a new service and support facility being built in Leetsdale Industrial Park. The 27,000-square-foot facility, being developed by Chapman Properties, will allow to expand service and support capabilities to meet the needs of customers involved in Utica and Marcellus Shale drilling activity. NOV currently operates a facility on Saw Mill Run Boulevard in the city.

PNC a finalist for award

Pittsburgh-based PNC Bank was one of 30 employers nationwide named by the U.S. Department of Defense as finalists for the 2014 Secretary of Defense Employer Support Freedom Award. The award is the government's highest recognition given to employers for exceptional support of National Guard and Reserve employees. Up to 15 finalists will be chosen to receive the award.

Facebook is tracking you and your friends

Facebook users in the U.S. soon will be able to see which of their friends are in close proximity using a new feature the company is launching Thursday. “Nearby Friends” will only be available to people who choose to turn it on. Rather than share your exact location, it will only show that you are nearby, say, within half a mile. By default, your exact location will only be shared for an hour.

Wal-Mart jumps into the money transfer business

Wal-Mart introduced a new money transfer service Thursday that it says will cut fees by up to 50 percent compared with similar services elsewhere. The Walmart-2-Walmart service is being rolled out in partnership with Ria Money Transfer, a subsidiary of Euronet Worldwide Inc. The service, which will be available starting April 24, allows its customers to transfer up to $900 to and from more than 4,000 Wal-Mart stores in the U.S.

Target expands subscription service to challenge Amazon

Target is expanding the goods available to order by subscription as it fends off its biggest non-traditional retail rival, Amazon.com. Target first dabbled with subscriptions last September by making available 150 baby care products. It expanded that program this week to nearly 1,600 items from beauty products and pet supplies to home office supplies. The free subscription program allows people to schedule shipments in four, six, eight, 10 and 12-week installments.

Also in business...

Mylan Inc. said it launched Xulane, the generic version of Janssen Pharmaceuticals Inc.'s Ortho Evra transdermal contraceptive patch.

From staff and wire reports


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