Business Briefs: 6/17/14

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More stores moving in to South Hills Village

South Hills Village, which is in the midst of a renovation project, said accessory store Primadonna and clothing store Forever 21 have recently moved into the mall. Later this year, the mall expects to add a new culinary gift shop, Oil & Vinegar; a Destination Maternity store; lingerie store Soma; plus-sized clothing store Lane Bryant; and Johnston & Murphy. In the mall annex, an Ulta Beauty store and a DSW Shoe Warehouse are planned.

Electronics association, SAE enter partnership

SAE International of Warrendale said it entered a two-year partnership with the Consumer Electronics Association to cooperate on developing standards electronics for ground vehicles and consumer electronics. SAE is an association of engineers and technical experts who work in the automotive, commercial vehicle and aerospace industries.

Penney interfered with Macy’s/​Stewart deal

A New York State Supreme Court judge ruled Monday in favor of Macy’s claim that J.C. Penney interfered with a contract with Martha Stewart Living Omnimedia Inc. when it cut a deal to create a collection of home goods in 2011. But the judge, Jeffrey Oing, said Macy’s failed to prove that Penney was liable for punitive damages.

IMF lowers estimate of U.S. economic growth

The U.S. economy is poised to accelerate after a dismal start to the year, even though the job market won’t return to full employment until 2017, according to a forecast offered Monday by the International Monetary Fund. The Washington-based organization foresees the economy growing a modest 2 percent in 2014, below its previous estimate of 2.7 percent. The IMF blames the lingering aftermath of the brutal winter and a sluggish recovery in home sales.

Factory output rebounded in May after April dip

Manufacturing output rose 0.6 percent in May after dipping 0.1 percent the previous month, the Federal Reserve said Monday. April’s figure was revised upward from an initial estimate of a 0.4 percent decline. Overall industrial production also rose 0.6 percent in May. It had fallen 0.3 percent in April.

Hillshire backs away from Pinnacle Foods offer

Hillshire Brands Co. is backing off of its offer to buy Pinnacle Foods Inc., a move that it needs to make in order for its $7.75 billion proposed deal with Tyson Foods to go through. Tyson won a bidding war with Pilgrim’s Pride earlier this month to buy Hillshire.

Domino's adding voice ordering option to app

Domino’s on Monday introduced a function on its mobile app that lets customers place orders by speaking with a computer-generated voice named “Dom.” The pizza delivery chain says the updated app will deliver a “conversational” experience, but notes that it will take some time to work out the kinks.


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