Business


 The Washington, D.C.-based Consumer Federation of America says it has uncovered a new pricing technique in auto insurance rate filings made by Allstate in Pennsylvania and roughly a dozen other states.

Auto group warns of insurance pricing 'scheme' in Pennsylvania, other states

The pricing models were developed to boost profits by raising rates on policyholders who are unlikely to shop around for a better price.

about 16 hours ago


 “The mayor has the right idea. It’s going to come together,” said Dan McCaffery, chairman and CEO of Chicago-based McCaffery Interests.

Developers optimistic on joint plan for Strip District produce terminal building

McCaffery Interests CEO optimistic about Strip District produce terminal building redevelopment plans.

about 16 hours ago


FedEx second quarter falls short of Wall Street expectations

The shipping company blamed aircraft maintenance charges for an increase in its costs, which affected the earnings results.

about 7 hours ago


 The Consol Energy Center is cited as the first NHL arena to secure a Gold certification by the U.S. Green Building Council’s Leadership in Energy and Environmental Design rating system in 2010.

Report finds Pennsylvania a rising U.S. leader in clean energy

Renewable energy and efficiency projects over the next decade could add 5 gigawatts of capacity and generate $17.7 billion in investment.

about 16 hours ago


  A early morning view of the Golden Triangle from the roof of the U.S. Steel Tower.

Planning commission backs legislation to add 'affordable' housing to Pittsburgh’s development policies

The legislation is meant to encourage the construction of more housing for poor and working-class people.

about 16 hours ago


Federated Investors forecasts double-digit stock market advance

Company officials say the forecast is pegged to the strengthening economy, tame inflation, and historical indicators related to politics.

about 4 hours ago


Pennsylvania Supreme Court affirms $151M ruling against Wal-Mart

The case concerns unpaid wages from work during breaks and in other circumstances.

about 16 hours ago


Jeff Yeager's 10 Hacks for Saving Money in December

These ten steps can help you celebrate a joyous holiday season wisely!

about 16 hours ago


Millcraft lines up Fogo de Chao Brazilian Steakhouse; Northwest Savings Bank to buy Lorain National Bank; Ampco-Pittsburgh names CEO

Business news from the First Energy, PNC Foundation, Mylan, Commerce Department, Amazon, Chrysler and Radio Shack

about 16 hours ago


Pennsylvania attorneys say shale work still strong despite low oil prices

The drop in prices isn’t having an immediate impact because a lot of projects are already in the works, attorneys said.

1 day ago


 Christopher E. Ballod

People on the move: 12/15/2014

Company news from Pietragallo Gordon Alfano Bosick & Raspanti; Reed Smith; Sykes Elder Law; Keevican Weiss Bauerle & Hirsch.

1 day ago


 From left to right, Tonya Snyder, of BNY Mellon, Justine Patrick, Jayme Butcher, Jennifer Smokelin, Carolyn Duronio, all of Reed Smith, and Shefali Shah of BNY Mellon.

Roundtable highlights Pittsburgh companies’ women/diversity initiatives

The Reed Smith roundtable included representatives from BNY Mellon, EQT, Highmark, MSA Safety, Giant Eagle and PNC.

1 day ago


Business Workshop: New Pennsylvania construction directory addresses subcontractor liens

A mechanics’ lien is an interest in the title to a property, meaning the owner cannot sell it until the contractor or subcontractor is paid.

1 day ago


 John Thornton, CEO of Astrobotic, stands in front of the company's Griffin Lander at their headquarters in the Strip District.

Astrobotic and CMU land $750,000 in race to moon

Astrobotic, which is developing the lunar lander for the team's entry, won $250,000 in the “imaging” category.

about 17 hours ago


 The rendering for 350 Oliver, the Saks building redevelopment in Downtown Pittsburgh.

Millcraft announces first tenant for Saks site in Downtown Pittsburgh

Fogo de Chao, a Brazilian steakhouse, has signed a lease to occupy about one-third of the 30,000 square feet of street-level retail space

1 day ago


How to make sure your retirement savings last as long as you do

Planning for retirement these days can be daunting, as people are living longer, healthier lives.

1 day ago


Alcoa reaches deal to buy Tital, Peet's Coffee & Tea closing Pittsburgh stores, Wittlin Simon & Newman merges with McCall Scanlon & Tice

Other business briefs from the Federal Reserve, the National Association of Home Builders, Bob Evans Farms, Uber and Google

1 day ago


Pittsburgh conference seeks input for region's energy future

The amount of energy lost in the Pittsburgh region is enough to power the entire states of Pennsylvania and West Virginia, panel said.

1 day ago


Business forum: President’s executive action only goes so far to fix immigration

President Barack Obama’s executive actions on immigration have sparked a firestorm from detractors and jubilation from supporters.

1 day ago


State questions fees for paper utility bills, companies fight back

As utility customers are undeniably shifting to online billing, Pennsylvania could put the brakes on penalties for those who prefer paper.

1 day ago


 Bradley Bledsoe, vice president of Mountain Energy, on his company's property in Aleppo.

Why, atop a field of natural gas, can't Greene County residents get gas?

Regulators have ordered Peoples Natural Gas to take control over a small utility in Aleppo while the two were negotiating a private deal.

1 day ago


 From left, former Hatfield's Ferry Power Station employees Andy Sinclair, Butch DiBease, and Derek Santini in front of the now-closed station in Masontown.

Will shale boom, pending regulations leave coal industry jobs behind?

Expected layoffs at Emerald Mine in Greene County come at a time of uncertainty for the coal industry.

1 day ago


Allegheny County names new airport director

Christina Cassotis, a former Boston aviation consultant, has been named CEO of the Allegheny County Airport Authority.

1 day ago


FedEx buys O'Hara-based logistics company Genco

FedEx, which has its Ground headquarters in Moon, is schedule to release its second quarter results on Wednesday.

about 19 hours ago


 Uber is operating in the Pittsburgh area under temporary authority from the Pennsylvania Public Utility Commission.

Charges dismissed for Uber drivers cited for trespassing at Pittsburgh airport

District Justice Anthony Saveikis threw out the charges against the drivers after they agreed to discontinue pick-ups at the airport.

1 day ago


 Sony Pictures Entertainment headquarters in Culver City, Calif. The FBI is investigating a hacking attack at Sony Pictures Entertainment last month that caused major internal computer problems at the film studio last week.

Sony asks media to destroy leaked data as Sharpton meeting looms

The Sony Corp. unit is widening its efforts to stem damage from the release of employee salaries, health records, movie stars’ fees and

2 days ago


2015 Interest Rate Projections: Here's how rates will affect your money next year

A look at what rates have been doing over the last year, where they are expected to land in 2015 and what it all means for consumers.

2 days ago


Peet's closing coffee shops in Pittsburgh area, Ohio

Peet’s coffee shops closing in the Pittsburgh area are in Oakland, the SouthSide Works and Waterworks Mall near Aspinwall.

2 days ago


Sony hacking highlights challenge to CEO Hirai's 'One Sony' vision

The Japanese conglomerate is heading for its fifth net loss in six years, raising questions about its ability to hold on to businesses.

2 days ago


Summit Midstream plans Utica Shale natural gas pipeline system

The $400-million investment will develop a gathering system for ExxonMobil subsidiary XTO Energy in southeastern Ohio.

2 days ago


Pittsburgh-area gas prices fall by steepest margin

They fell 6.7 cents to an average of $2.85, the biggest weekly drop since prices started dropping in September.

2 days ago


 UPMC now appears willing to allow all Highmark-insured customers now under UPMC care through their doors after Jan. 1.

Highmark patients 'have the right' to ongoing UPMC care, hospital network says

News Analysis: Two weeks away from a divorce, UPMC wants to keep its Highmark patients; Highmark says it’s keeping 80 percent of UPMC docs.

3 days ago


 Catherine Stone, 1, tries out a child-sized chair during a visit to the Robinson Ikea store with her mother, Maurin. This year the store celebrates 25 years in Pittsburgh.

Less chrome, more dark wood helped Ikea adapt to the Pittsburgh market

The furniture chain’s outpost in Robinson since 1989 still hasn’t been able to teach Pittsburghers how to pronounce those Swedish names.

3 days ago


 People who experienced a temporary job loss or a bad credit event, such as foreclosure or a car repossession, face an uphill battle getting a home loan approved in light of the higher down payment and higher credit requirements put in place by the banking industry to avoid a repeat of the reckless lending that fueled the 2008 housing market crisis.

New lending guidelines target first-time homebuyers

Fannie Mae and Freddie Mac are loosening mortgage requirements, and the housing industry hopes young people will be able to buy homes again.

3 days ago


Len Boselovic’s Heard off the Street: IPO rush makes some investors nervous

It’s dangerous to think things are different this time, but that’s what many are thinking about record levels of IPOs of stock.

3 days ago


Workzone: The cost of a bad hire

At what point do you cut loose a new employee who is a bad fit?

3 days ago


Good Question: Debit cards vs. credit cards

Question: Is it better to use a debit card or credit card when making purchases?

3 days ago


Police killings fallout spreads to social media

Social media commentary on race leading to real-life consequences offline.

3 days ago


 Members of Stagehands Local 3 load bins filled with materials from Phantom of the Opera onto trucks behind the Benedum Center after the show’s closing in 2010.

Stagehands' union is an integral part of Pittsburgh's cultural scene

Members of International Alliance of Theatrical Stage Employees Local 3 are crucial to every major concert, opera and play in Pittsburgh.

3 days ago


 The exterior of the August Wilson Center for African American Culture, Downtown. The struggling nonprofit stopped paying the stagehands who worked there, owing 59 backstage employees more than $30,000 in wages, vacation savings, union dues, and pension and welfare benefits.

Pittsburgh stagehands thrust into August Wilson Center dispute

The August Wilson Center’s financial problems included a $40,000 debt to the International Alliance of Theatrical Stage Employees Local 3.

3 days ago


Don Lindich’s Sound Advice: ZVOX’s soundbar perfect for those on a budget

Q. My son would like a sound bar for Christmas this year. He has a 47-inch flat-screen TV. Which one would be a good fit at a good price?

3 days ago


Office Coach: Balance quick emails with face-to-face conversation

If you want to be smart about “managing up,” you will respect your boss’ wishes and communicate as requested.

3 days ago


 Jesse Erich

People on the Move: 12/14/2014

Sisterson & Co. LLP, Smith Brothers Agency, Steel Nation Inc., NexTier Bank, Denis Theatre Foundation, United States Steel Corp. and more.

3 days ago


Pittsburgh’s real estate shows growth

The average home sales price increased over 12 months from $157,333 to $165,979 in the Pittsburgh region.

4 days ago


ATI freezes pension benefits

A Pittsburgh specialty metals producer announces a pension plan freeze for some workers and eliminates retiree benefits.

4 days ago


Wealth inequality gap grows for blacks, Hispanics after recession

Minority families are continuing to lose ground during the recovery.

4 days ago


CMU, Fractraker teaming up to monitor crude oil trains through region

A study counted volatile shale oil tanker cars traveling through Allegheny County, but railroad officials dispute speed claims.

4 days ago


 The Fifth Avenue Place headquarters of Highmark in view with the U.S. Steel Tower offices of UPMC, Downtown.

UPMC to launch outreach campaign targeting Highmark customers

On Thursday, UPMC will start a new retention program to encourage people with Highmark insurance to continue using UPMC care.

4 days ago


 FILE - In this Nov. 5, 2014 file photo, Nissan trim and chassis workers work on a new 2015 Nissan Murano at the Nissan plant in Canton, Miss. The Labor Department releases the Producer Price Index for November on Friday, Dec. 12, 2014. (AP Photo/Rogelio V. Solis, File)

Business briefs: Autodesk commits to Bakery Square; Wright Therapy Products gets funding; General Electric picks Findlay site

Also news from Chrysler, NLRB, Thomson Reuters and the Labor Department

4 days ago


U.S. stocks plunge as oil rout continues

U.S. benchmark oil dropped below $58 a barrel Friday.

4 days ago



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