Business Briefs: 6/13/14


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Paint Color & Design Center closes in Downtown

PPG Industries has closed its Paint Color & Design Center located in the ground level of Two PPG Place facing Market Square, Downtown.

The center provided paint charts and paint chips but did not sell paint. PPG opened the center in 2010.

The company said its lease will end in September and it will offer the same services at company-owned retail stores it will acquire later this year in the region. PPG on Tuesday said it plans to buy 13 stores from Masterwork including nine in the Pittsburgh region.

PPG completes acquisition of Panama company

PPG Industries said it completed the acquisition of Canal Supplies Inc., a Panama-based business that distributes protective and marine coatings to companies in Central America.

Separately, PPG said it began operating a new packaging unit at its aerospace coatings plant in Gonfreville, France.

Massaro begins hotel project on North Shore

Massaro Corp. announced Thursday that it has begun construction of 10-story, 135-room Holiday Inn Express and Suites on Federal Street at Cajou Way on the North Shore. The hotel, being developed by Federal Street Hospitality Associates L.P., an affiliate of Kratsa Properties, has been on the drawing board since 2009. It has been the subject of repeated extensions granted by the Pittsburgh-Allegheny County Sports & Exhibition Authority, which owns the land. Because of the delays, Federal Street has agreed to contribute $31,500 to a fund used to maintain the North Shore riverfront park.

Amazon launches music streaming for Prime

Starting Thursday, Amazon.com began offering more than a million tracks for ad-free streaming and download to Kindle Fire tablets as well as to computers and the Amazon Music app for Apple and Android devices. The service, called Prime Music, is likely to be integrated with an Amazon smartphone expected to be previewed next week. People who pay $99 a year for an Amazon Prime membership can listen to tens of thousands of albums at no extra cost.

Retail sales rose 0.3 percent in May

Retail sales rose modestly in May as consumers turned cautious in their spending. Retail sales rose 0.3 percent in May, helped by a jump in demand for autos, the Commerce Department said Thursday. The result follows a 0.5 percent climb in April.

Starbucks to offer wireless charging pads

Soon you may not have to fumble or fight for a power outlet to charge your phone while drinking your coffee. Starbucks and Duracell are rolling out Powermat wireless charging devices in stores in San Francisco with plans to expand into other major markets in 2015.

Businesses boost April stockpiles 0.6 percent

The Commerce Department says business stockpiles rose 0.6 percent in April, the biggest advance since last October. Total business sales were up a solid 0.7 percent in April.


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