The week that was for 09/29/13

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Cranberry is a sweet spot

PPG Industries is consolidating its North American architectural paints business in a new headquarters in Cranberry. The company will relocate close to 200 employees who work Downtown or in the North Hills. In addition, the Pittsburgh region will welcome about 300 workers from facilities in Ohio, Kentucky and Delaware previously owned by Dutch-based paints maker AkzoNobel, whose North American decorative paints unit was acquired by PPG this year for $1.05 billion. The state will provide a multimillion dollar package of financing incentives for the project.

Quote of the week

"Nobody wants to admit that credit reports and credit scores have value in determining with whom to have a long-term intimate personal relationship. However, far too many couples ignore the topic of finance and debt until after they've gotten married, which is a recipe for disaster."

-- John Ulzheimer, an Atlanta-based expert on credit reporting, discussing a Federal Reserve Board study that shows credit scores are predictive of whether a household will end up in divorce.

Photo finish

The beleaguered harness track and casino in Lawrence County faces another obstacle. Presque Isle Downs Inc. in nearby Erie filed paperwork asking the state Harness Racing Commission to revoke the license conditionally awarded to an investment group hoping to build its own harness track and casino in Lawrence County. Presque Isle Downs argues that the harness commission needs to consider "the severe negative impacts" the proposed Lawrence Downs Casino and Racetrack could have on in-state competitors. The two casinos would be about 90 miles apart.

Important phone number

Nine million: the number of iPhones Apple sold in the weekend debut of two new models, almost double the previous record.

Westinghouse is sure

Highmark has lost the contract for health insurance for Westinghouse Electric Co. The Cranberry-based nuclear engineering company instead will work exclusively with Aetna. The decision is a win for health system UPMC, which plans to end its relationship with Highmark at the end of next year, denying many of the Pittsburgh insurer's customers access to UPMC hospitals come 2015.

Shopping for health insurance

Open enrollment for the health insurance marketplace plans being offered under the federal Patient Protection and Affordable Care Act begins Tuesday. To catch up on the latest news on Obamacare and how it could affect you, look for the link to "Complete PG coverage of the Affordable Care Act" at www.post-gazette.com/stories/sectionfront/business/healthcare-marketplace-704799/.

businessnews

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


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