Business Briefs: WPAHS reports improved quarter


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WPAHS reports improved quarter

West Penn Allegheny Health System reported an operating loss of $249,000 for the quarter ended June 30. The results were disclosed in WPAHS’s unaudited report released Monday.

That compares to an operating loss of $47 million for the same quarter a year ago. WPAHS is part of Highmark’s Allegheny Health Network.

Energy laboratory picks new leader

The National Energy Technology Laboratory has named Grace Bochenek to lead the country's fossil fuel research and development efforts.

Ms. Bochenek was most recently the first chief technology officer of the U.S. Army Materiel Command.

Penguins sales, service VP recognized for development

David Peart, the Penguins’ senior vice president of sales and service, received a national award for his work in sponsorship sales at the Sports and Entertainment Alliance in Technology Conference last month in Miami.

Mr. Peart was recognized for leading the development of the team’s “Pens Points” fan reward system, which has grown to include about 90,000 members who generate millions of dollars in revenue for the Penguins and their corporate partners.

Fraport eyes U.S. growth, buys Airmall’s parent firm

German-based Fraport Group has acquired the parent of Airmall USA Holdings Inc., an airport-concessions developer that markets retail space at Pittsburgh International Airport, as well as at airports in Baltimore, Boston and Cleveland.

Fraport expects the deal to help it expand its business in the U.S., according to the official announcement.

The company said Airmall’s headquarters will remain at Pittsburgh’s airport. Financial terms of the deal were not disclosed.

L.B. Foster Q2 profit declines

Green Tree-based L.B. Foster reported net income of $6.86 million, or 67 cents per share, compared with $7.3 million, or 71 cents per share, for the same quarter in 2013.

Sales for the second quarter were $166.8 million, compared to sales of $150 million a year ago.

Private equity company acquires N.Y. jeweler

New York-based jewelry company John Hardy has been acquired by private equity firm Catterton and named Robert Hanson to serve as CEO. Mr. Hanson had been CEO of American Eagle Outfitters on Pittsburgh’s South Side until earlier this year, when he left following disappointing results at the teen clothing retailer amid plans to open three company-owned stores in the United Kingdom this fall.


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