Business news briefs: Health centers can receive grant money for insurance aid

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Health centers can receive grant money for insurance aid

Community health centers, which provide health care to the uninsured, are now eligible for $150 million in grants to help people apply for insurance in new online exchanges that are part of the federal health care overhaul. Pennsylvania health centers -- 40 in all, including four eligible centers in Pittsburgh -- will receive a total of $4.1 million.

Digital communications firm reports skid in Q4 profits

Black Box Corp. said profits for the fiscal fourth quarter skidded 36 percent, to $7.2 million from $11.2 million the previous year, while the board of directors approved a 12 percent increase in the quarterly common stock dividend to 9 cents per share, up from 8 cents. The new rate is payable July 12 to stockholders of record June 28. On a per-share basis, Black Box earned 44 cents for the quarter, down from 64 cents. Revenue for the three months ended March 31 fell 7 percent to $237.7 million, down from $256 million a year earlier. For the full fiscal year, the Cecil-based digital communications company swung to a profit, earning $28.8 million, or $1.73 per share, up from a loss of $247.7 million, or $13.98 per share, in fiscal 2012.

Hazelwood restaurant given Consumer Alert

D'Andrea's Italian Deli on Second Avenue in Hazelwood was hit with a Consumer Alert on Thursday by the Allegheny County Health Department for a lack of hot water to the facility and other food safety violations. Inspection reports for county restaurants are available at http://webapps.achd.net/Restaurant/.

Findlay robotic forklift maker raises $2.2M

Seegrid, a Findlay company that makes robotic forklifts, disclosed it has raised $2.2 million in debt and other securities. A Securities and Exchange Commission filing indicates the company wants to raise a total of $3 million.

True Religion Apparel agrees to $826M buyout

True Religion Apparel, best known for its high-priced denim, has agreed to a buyout offer of about $826 million from the investment management firm TowerBrook Capital Partners LP. The announcement Friday comes seven months after True Religion said it was exploring strategic options. Like many high-end jean companies, True Religion's business suffered in recent years as recession-scarred shoppers no longer wanted to pay $200 for a pair of jeans.

McDonald's cuts Angus burgers from menu

McDonald's is cutting the Angus burger from its menu. The Oak Brook, Ill.-based company had said earlier this year it was evaluating whether to continue selling the Angus Third Pounders, which were introduced in 2009 and are among the chain's priciest items. The company also said at the time that it was cutting Chicken Selects and Fruit & Walnut Salad. The changes come as McDonald's looks to keep up with shifting tastes, even as it underscores the affordability of its food.

ArcelorMittal affirms 2013 targets despite Q1 loss

ArcelorMittal SA, the world's largest steelmaker, slumped to a first-quarter loss, even as the company's chief executive said restructuring efforts are starting to pay off and the steel market is stabilizing after a big reverse in the middle of last year. The Luxembourg-based company's business was hit by Europe's ongoing economic problems and slowing growth in China. Overall, it said Friday, it made a net loss of $345 million (265 million euros) in the first quarter of the year, compared with a profit of $92 million in the equivalent period in 2012.

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