Software firm Resumator raises $15 million
West View-based recruiting software company The Resumator announced it has raised $15 million in Series B financing, led by Boston-based firm Volition Capital. The financing is supported by existing investors Tuscon, Ariz.-based Rincon Venture Partners and South Side-based Birchmere Ventures as well as new investors New York-based Blue Cloud Ventures and Riverfront Ventures, an investment fund run by South Side-based Innovation Works. The round brings the total amount of outside funding raised by The Resumator to $18 million.
Long-delayed locks project adds Tarentum company
Joseph B. Fay Co. of Tarentum has been awarded a $58.6 million contract as part of the U.S. Army Corps of Engineers’ plans to replace Depression-era locks on the Monongahela River at Charleroi. The long-delayed project is estimated to cost $2.7 billion.
Inflation edge up 0.1 percent in July
Consumer prices edged up a seasonally adjusted 0.1 percent in July, the Labor Department reported Tuesday. It was the smallest increase since a similar 0.1 percent rise in February. The July price restraint came from falling gasoline prices. Over the past 12 months, consumer inflation is up 2 percent while inflation excluding volatile food and energy costs is up 1.9 percent.
Home construction jumps 15.7 percent in July
Home construction increased 15.7 percent in July to a seasonally adjusted annual rate of 1.09 million homes, the Commerce Department reported Tuesday. That was the fastest pace since November. Applications for building permits, a sign of future activity, also showed strength in July, advancing 8.1 percent to an annual rate of 1.05 million.
McDonald’s to sell coffee in grocery stores
Move over, Starbucks. McDonald’s is putting its packaged McCafe coffee in grocery stores next year. With the help of Kraft Foods, the fast food giant will roll out bags of ground and whole-bean coffee, as well as single-cup pods.
GameStop CEO treated for brain tumor
GameStop Corp. said Tuesday that its CEO, Paul Raines, had surgery last week to remove a cancerous brain tumor. The prognosis for a full recovery is “very good,” GameStop said in a filing with the Securities and Exchange Commission.
Recaro recalls child safety seats
Recaro is recalling more than 39,000 child safety seats because they can let a child’s head move too far in a crash. The recall covers ProSport model 385 seats made from June 16, 2010, to Jan. 31, 2013. The problem happens when the seats are installed with the lower latch anchors and without the top tether. Recaro will notify owners and provide set of new instructions.