Business Briefs: 7/10/14


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Services firm will move into new Downtown space

Mi­chael Baker In­ter­na­tional is mov­ing its global head­quar­ters to the top floors of BNY Mel­lon Center, Down­town. The com­pany, now based in the Air­side Busi­ness Park in Moon, will take all of the Grant Street sky­scraper’s top 54th floor and part of the 53rd floor start­ing in Decem­ber un­der a 10-year lease. About 65 of the com­pany’‍s 625 em­ploy­ees, in­clud­ing ex­ec­u­tives, will move into the new space. The firm will con­tinue to main­tain a pres­ence in Moon and Beaver. Mi­chael Baker Corp. was ac­quired by Integr‍ated Mis­sion So­lu­tions LLC last year to form Mi­chael Baker In­ter­na­tional. CEO Kurt Berg­man said the move Down­town shows the firm‘‍s com­mit­ment to the re­gion and will help to in­crease its pres­ence in the com­mu­nity. “This is the place we wanted to be,” he said.

Golden Triangle site gets a new tenant

Pi­att Place is bulg­ing at the seams. The God­dard School, an early child­hood ed­u­ca­tion pro­vider, has fi­nal­ized a lease to take 12,839 square feet of space on the first floor of the for­mer Laz­a­rus-Macy’s de­part­ment store, which de­vel­oper Mill­craft In­vest­ments has con­verted into re­tail and of­fice space and 65 lux­ury con­domin­i­ums. With the new tenant, all of­fice and re­tail spaces in the de­vel­op­ment at Wood Street and Fifth Avenue, Down­town, are fully leased. A cou­ple of con­dos re­main for sale.

Financial services firm makes city unofficial HQ

FNB Corp., the Her­mit­age-based par­ent com­pany of First Na­tional Bank of Penn­syl­va­nia, said Wed­nes­day that Pitts­burgh has be­come its of­fi­cial cor­po­rate head­quar­ters, but in name only. The bank said it would con­tinue to run its op­er­a­tions cen­ter and sup­port ar­eas in Her­mit­age, Mercer County, and that no em­ploy­ees or cus­tom­ers would be af­fected by the change. FNB, the third-larg­est con­sumer bank in the Pitts­burgh re­gion be­hind PNC and Citi­zens, has main­tained a re­gional head­quar­ters in Pitts­burgh on the North Shore since 2004.

Virtual health company names new chief executive

Dave Zynn has been named CEO of Iagnosis, a McMurray-based virtual health company that develops platforms for skin care such as the open network DermatologistOnCall, which connects patients with dermatologists through a secure website. Mr. Zynn had previously held executive positions at CombineNet, Stargate and SMT Health Services.

Quaker Steak & Lube plans Central Florida development

Sharon-based restau­rant chain Quaker Steak & Lube has signed an area de­vel­op­ment agree­ment with Wing­nutz LLC to de­velop four restau­rants in Cen­tral Flor­ida. The first is ex­pected to open next sum­mer.

More flights arriving late; complaints rising

More flights on U.S. airlines are running late or getting canceled, and complaints are rising. The Transportation Department said Wednesday that 76.9 percent of flights arrived on time in May, down from 79.6 percent in April and 79.4 percent in May 2013. Hawaiian Airlines and Alaska Airlines, which get good weather on many routes, rank best. ExpressJet and Envoy, which fly smaller planes for big airlines, rank last.

American Apparel reportedly in deal for financing

American Apparel Inc. has reached a preliminary deal with investment firm Standard General to receive a $25 million investment to bolster the clothing chain’s finances, a person close to the negotiations said Wednesday. The deal will help pay off a $10 million loan from investment firm Lion Capital, which made a formal demand for payment Monday. Lion Capital claimed that the chain defaulted under its credit agreement because it ousted its founder and CEO, Dov Charney.

Google picks charities to create ideas for Glass

Google has cho­sen five char­i­ties out of 1,300 pro­pos­als to de­velop ideas us­ing Web-con­nected Google Glass. Google said Wed­nes­day the nonprof­its will get a free pair of the glasses, a $25,000 grant and sup­port from de­vel­op­ers. The win­ners in­clude Class­room Cham­pi­ons of Jack­son­ville, Fla., which will use the glasses to cre­ate first-per­son ed­u­ca­tional vid­eos by Par­a­lym­pic ath­letes for high-need schools, and Bal­ti­more-based Hear­ing and Speech Agency, which will de­velop new ways to help peo­ple with com­mu­ni­ca­tion dif­fi­cul­ties.


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