The week that was: Farewell party

Share with others:


Print Email Read Later

Farewell party

If you are a H.J. Heinz Co. shareholder and want to be part of history, you need to be in New York City on April 30 for the vote on the $28 billion cash-and-debt deal to sell the company to Berkshire Hathaway and 3G Capital. "Heinz expects at most only a handful of shareholders to attend the meeting because this is not a typical shareholder meeting," said Michael Mullen, senior vice president of corporate and government affairs. "There will be no presentations from management. It is a meeting to count the votes."

A long good-bye

The decision isn't final but the smart money says that US Airways is soon to cut another 700 jobs from the region as a result of its merger with American Airlines. US Airways CEO Doug Parker, who will lead the new airline, said the carrier may close its state-of-the-art operations control center in Moon in "a couple years" because it won't need operations centers in Pittsburgh and at Dallas-Fort Worth International Airport, where American is headquartered.

Quitting the race

"The PHHA has been patient and reasonable throughout this process. However, we no longer have any confidence that this project will be completed."

-- Samuel A. Beegle, president of the Pennsylvania Harness Horsemen's Association, in a letter to the harness commission withdrawing support for Valley View Downs, the would-be racetrack and casino in Lawrence County

In case you missed it

Plans to privatize wine and spirits sales are forcing Pennsylvania's brewing industry to rethink how it does business. To find out what the experts think the impact could be, read Len Boselovic's story online at www.post-gazette.com.

Doing flips

Business Reporter Mark Belko broke news that he said might even impress McKayla Maroney, the Olympic gymnast with the famous scowl: The USA Gymnastics National Championships is coming to the Consol Energy Center in August 2014. There will be tears of joy, falls from grace and Arabian Double Fronts.

Stay at little bit longer

The Slovak government came up with a series of enticements to get U.S. Steel to agree to keep making steel in Slovakia for at least five years. The Pittsburgh steelmaker will receive about $19 million annually for 15 years in renewable energy subsidies and assistance with landfill costs.

businessnews

Brian Hyslop: bhyslop@post-gazette.com or 412-263-1936.


Advertisement
Advertisement
Advertisement

You have 2 remaining free articles this month

Try unlimited digital access

If you are an existing subscriber,
link your account for free access. Start here

You’ve reached the limit of free articles this month.

To continue unlimited reading

If you are an existing subscriber,
link your account for free access. Start here