PPG adding Wash.-based Homax Group
PPG Industries said it has a deal to acquire The Homax Group, a Bellingham, Wash., business that supplies decorative wall and ceiling products used for home repairs. Financial terms were not disclosed. Homax is owned by private equity firm Olympus Partners and has fewer than 40 employees. PPG expects the deal to close in the third quarter.
Columbia gas settles fine with PUC
Columbia Gas of Pennsylvania has agreed to pay a $110,000 fine for numerous safety violations relating to its pipeline operations. The company committed a series of violations between 2011 and 2013 related to safety inspections, pipeline pressure and pipeline markings. The Pennsylvania Public Utility Commission approved the settlement Thursday, and people have 20 days to comment on the proposed settlement.
Stonewood buys PCN Network
Stonewood Capital Management in Pittsburgh said it purchased mortgage services provider PCN Network Inc., also in Pittsburgh. PCN’s senior management will continue to lead the company.
Verizon to Netflix: Stop blaming us for bad video
Verizon Communications Inc. is telling Netflix to stop blaming it for bad video quality or face a lawsuit. Verizon is reacting to messages appearing on the screens of some Netflix subscribers that blame poor video quality on their Internet service providers. Internet service providers want to be compensated for establishing fast links to Netflix.
Barnes & Noble enlists Samsung to make Nook tablet
Barnes & Noble is teaming up with Samsung to develop Nook tablets, the book seller said Thursday, as it focuses on its Nook software. Barnes & Noble has struggled to be profitable, and in December, the chain said it was evaluating the future of its tablets.
Also in business...
U.S. Steel announced the retirement of controller Gregory Zovko, 53, effective June 30, after 31 years.