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Dwelling House gets $20,000 in pledges

In its quest for capital, Dwelling House Savings & Loan received $20,000 worth of pledges for its coffers, John Haines, the bank president said yesterday. That money was all pledged Friday afternoon when a meeting was held at the Hill House Association on Centre Avenue to discuss the situation at the bank, where about $1.8 million was stolen through electronic transfers. Mr. Haines said the pledged money was about $10,000 for regular deposits and another $10,000 that would go to recapitalize the bank and would not be available for withdrawal in the foreseeable future.

Study: Detroit lifts quality but Toyota still king

Ford, General Motors and Chrysler have made strides in new vehicle quality over the last year, but they still lag behind their foreign competitors, according to a study released yesterday by J.D. Power and Associates. Lexus, Toyota Motor Corp.'s luxury line, was the top brand in J.D. Power's initial quality study, an annual survey of vehicle owners that measures mechanical and design problems in the first 90 days of ownership.

Siemens hopes for billions in stimulus orders

German industrial conglomerate Siemens AG said yesterday that it expected to garner about $20.9 billion worldwide in new orders because of more government-backed efforts aimed at reducing energy consumption. Siemens said the efforts by world governments to parcel out stimulus money to jolt economies back to life would lift its order books from 2010 to 2012.

Walgreen third-quarter profit falls 9 percent

Drugstore operator Walgreen Co. said its profit fell 9 percent in the fiscal third quarter, as sales improved but the company's cost-cutting efforts reduced total earnings. Deerfield, Ill.-based Walgreen earned $522 million, or 53 cents per share, down from $572 million, or 58 cents per share. Analysts were expecting 56 cents per share, says Thomson Reuters.

Gas prices finally give, oil prices dip

Retail gasoline prices retreated yesterday for the first time in nearly two months and benchmark crude prices tumbled about 4 percent. Benchmark crude for July delivery dropped $2.62 to settle at $66.93 on the New York Mercantile Exchange. The national average for pump prices fell 0.3 cents overnight to $2.69 a gallon, according to auto club AAA, Wright Express and Oil Price Information Service.

Apple: More than 1 million new-model iPhones sold

Apple Inc. sold more than a million units of its latest iPhone model in the first three days, making it the most successful debut for a smart phone yet. The iPhone 3G S went on sale Friday. The iPhone news was overshadowed by a Wall Street Journal report Saturday that said Steve Jobs, Apple's CEO, had a liver transplant two months ago. Apple has not commented.

Also in business ...

The Western Pennsylvania Hospital is one of just 23 hospitals in the country, and the only local hospital, to win Premier Healthcare Alliance's 2009 Award for Quality. This is the second consecutive year that West Penn has received the award, which is based on a number of criteria including clinical outcomes and resource utilization. ... General Nutrition Centers Inc. named former Walgreen executive Robert M. Kral as senior vice president of merchandising.


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