Business news briefs: Home sales in Pittsburgh region rise in July 2013

Share with others:


Print Email Read Later

Home sales in July rise over year in Pittsburgh region

Pittsburgh-area home sales were up 13.5 percent in July compared with a year ago as 3,083 homes changed hands versus 2,717 in July 2012, according to RealSTATs, a Southside-based real estate information service. The median home price increased 1.5 percent from $145,750 to $147,900 in the region that includes Allegheny, Beaver, Butler, Washington and Westmoreland counties.

ExOne will offer up to 3.05 million more shares

The ExOne Co. said it will sell up to 3.05 million shares of its stock in a secondary offering, including up to 1.9 million shares offered by chairman and CEO S. Kent Rockwell and other executives and 1.1 million offered by the company. The sale includes 398,400 shares owned by executives that could be sold if investor demand is strong enough. The North Huntingdon 3-D printing company went public in February at $18 per share. Shares closed Thursday at $66.35, down $1.89.

More Americans visited Yahoo's sites than Google's

For the first time in more than two years, more Americans visited Yahoo's websites than Google's in July, according to data from research firm comScore Inc. Yahoo Inc.'s websites saw 196.6 million unique visitors last month, while Google's sites had 192.3 million. The last time Yahoo was ahead was in May 2011, according to comScore.

Wal-Mart hosts summit on American manufacturing

Wal-Mart Stores Inc. is hoping for a groundswell "made-in-America" movement. The world's largest retailer hosted its first two-day summit Thursday bringing together retailers, suppliers and government officials that it hopes will build on its recent commitment to drive more manufacturing in the U.S. Some experts are skeptical, pointing out that Wal-Mart led the migration of manufacturing jobs overseas in search of the cheapest labor.

Leading indicators index increased 0.6% in July

The Conference Board said Thursday that its index of leading indicators increased 0.6 percent last month to a reading of 96.0. The index from the business research group comprises several data points and can signal economic conditions over the next three to six months.

J.C. Penney tries to avert takeover as losses mount

J.C. Penney is adopting a plan to prevent a takeover attempt just two days after reporting its sixth straight quarter of losses and revenue declines. The so-called "poison pill" plan announced Thursday could be put into effect if an individual or an entity acquired 10 percent or more of the company's outstanding stock. The corporate defense strategy allows existing shareholders to buy more shares at a very low price if that occurs.

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