Business Briefs: Pittsburgh region one of largest exporters in U.S.

Share with others:


Print Email Read Later

Area one of largest exporters in U.S.

The Pittsburgh region exported $14.1 billion in merchandise in 2012, making it one of the nation's 50 largest metropolitan area exporters, according to Department of Commerce data released Friday. The region saw particularly high sales in the areas of mining, metal manufacturing, machinery, chemicals and electronic devices.

Shareholders OK air carrier merger

A merger between US Airways and American Airlines, creating the nation's largest air carrier, has taken another step forward with the approval of a majority of US Airways shareholders. About 99 percent of US Airways Group shareholders who voted Friday supported the merger with American's parent company, AMR Corp. The deal must still win approval from federal regulators and the U.S. Bankruptcy Court, which is overseeing the bankruptcy of AMR.

Huntington sued over account closures

Huntington Bank improperly closed business and personal accounts of hundreds of people of Middle Eastern descent, an Arab-American civil rights organization said Thursday as it announced a lawsuit against the company. The Arab-American Civil Rights League filed a lawsuit Thursday in U.S. District Court in Detroit, according to attorney Nabih Ayad. Huntington Bank is reviewing the matter but declined to comment on pending legal issues, said spokeswoman Maureen Brown.

Gas price surge pushes wholesale

Wholesale prices rose 0.8 percent in June compared with May, the Labor Department reported Friday. The increase was driven by a 7.2 percent surge in gasoline prices. Outside of the volatile energy and food sectors, core inflation was up just 0.2 percent in June. Core prices have risen 1.7 percent over the past 12 months.

Twinkies available early at Wal-Mart

Wal-Mart is making Twinkies available Sunday, even though Hostess says it asked retailers to wait until Monday to start selling the snack cakes. Hostess said in a statement that it "has not, and is not, giving any particular retailer exclusivity or preference to have products first and is making a great effort to fulfill orders equally and timely to everyone."

Costco ads spur Michael Kors suit

Michael Kors is suing Costco saying that it illegally used pictures of its luxury bags in its ads in order to lure in customers without being authorized to sell the designer's wares. Michael Kors says Costco advertised the bags as starting at $99 but didn't actually have any to sell. Costco Wholesale Corp. officials didn't immediately return an email seeking comment.

Hulu bids no longer accepted

The on-again, off-again sale of Hulu is off -- again. Hulu's owners, 21st Century Fox, Disney and NBCUniversal, said Friday that they will remain owners of the online video service, while providing a cash infusion of about $750 million to ensure its future growth. The owners accepted formal bids for Hulu as recently as last week as part of their second attempt in three years to sell the company. But Friday's announcement suggests the bids were too low.

From staff and wire reports

region - businessnews


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