Business briefs: Job assistance programs in Pittsburgh
March 18, 2017 2:39 AM
McDonald's said it is now offering fresh beef at its 325 restaurants in the Dallas area.
Groups to hold job assistance programs in Pittsburgh area
The Career Development Center and the Carnegie Library of Pittsburgh are partnering to offer a series of courses for job-seekers. Called WorkLaunch, the program comprises a four-day series of workshops that take place at Carnegie Library branches around the city. The courses feature employers who give advice on what hiring managers are looking for. More information on the workshops, which run from March 28 to March 31, can be found at carnegielibrary.org or by calling 412-622-3133.
Westinghouse Electric announces management changes
Westinghouse Electric Co. announced a series of management changes days after confirming that the Cranberry-based nuclear company brought in a turnaround specialist. Mark Marano has been appointed chief operating officer. David Howell will succeed Mr. Marano as president, Americas Region. Luc Van Hulle will serve as interim president of the Europe, Middle East and Africa Region. David Durham has been named senior vice president of New Projects Business. Each change is effective as of March 15.
2 local credit unions land on problem list
Two area credit unions landed on BauerFinancial’s list of problem institutions for the fourth quarter: Beaver Avenue Federal Credit Union on the North Side, which earned two stars, and Teamsters Local 30 in Jeannette, zero stars. Institutions earning fewer than three stars out of five end up on the independent research group's problem list. There were no area banks on the troubled list. Making the list does not signal that an institution is on the brink of failure, but customers should make sure their deposits do not exceed federal insurance limits, BauerFinancial has said.
Duquesne Light names vice president of communications
Duquesne Light Co. announced it has promoted Jessica Rock to vice president communications and corporate citizenship, a new position at the Downtown electric utility where she will oversee public relations and direct communications strategy. Ms. Rock previously served as director of communications. Before joining Duquesne Light in 2014, Ms. Rock was the associate director of communications at the H.J. Heinz Company.
A third of Chipotle's board is on the way out
Denver-based Chipotle Mexican Grill Inc., which is trying to revive its fortunes after being rattled by food safety scares, says a third of its board members will leave after their terms expire in May. The burrito chain, under pressure from activist investor Bill Ackman to speed up its recovery, expanded its board to 12 members in December after four directors, approved by Mr. Ackman, were added. Mr. Ackman’s hedge fund, Pershing Square Capital, holds a 10 percent stake in Chipotle. Chipotle said that four members won’t seek re-election in May: John Charlesworth, Patrick Flynn, Darlene Friedman and Stephen Gillett.
US factory production rose for 6th straight time in February
U.S. factories cranked out more autos, steel and computers in February, the sixth straight monthly increase in manufacturing output. The Federal Reserve says factory production rose a seasonally adjusted 0.5 percent last month from January. That followed another 0.5 percent gain the previous month. Mining output rose 2.7 percent in February, spurred partly by more oil and gas drilling. Utility production plunged 5.7 percent as unseasonably warm weather reduced the need for heating. Overall industrial production, which includes manufacturing, mining and utilities, was unchanged in February.
McDonald’s expands fresh beef test again
McDonald’s expanded its test of fresh beef to more than 300 restaurants this week, suggesting the world’s largest burger chain could be getting closer to introducing never-frozen beef patties nationwide. The company, headquartered in suburban Chicago, said it’s now offering fresh beef at its 325 restaurants in the Dallas area. Previously, McDonald’s had been testing fresh beef at 55 restaurants across the Dallas-Fort Worth area and 75 restaurants across northeast Oklahoma. It first started testing fresh beef in a handful of restaurants in the spring of last year.
Bon-Ton Stores Inc. avoids delisting by NASDAQ
The Bon-Ton Stores Inc. has managed to avoid having its stock delisted by the Nasdaq Stock Exchange. Nasdaq notified Bon-Ton on March 9 that its publicly-held stock had failed to maintain a value of at least $15 million for a period of 30 consecutive business days, the minimum for listing on the exchange. The company, with dual headquarters in Milwaukee, Wisc., and York, Pa., announced that the exchange has withdrawn that notice.
Italian maker of Nutella buys Fannie May
Ferrero, the Italian candy giant best known for its Nutella spread, has agreed to buy onetime Chicago-based chocolatier Fannie May for $115 million, with plans to expand retail sales across the U.S. The deal, which is expected to close by the end of May, will move the historic Fannie May and Harry London brands from current owner 1-800-Flowers.com to privately owned Ferrero, the world’s third-largest chocolate manufacturer. It also involves a strategic partnership to include select candy products in the online florist’s gift baskets. The deal requires regulatory approval.
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