Bankruptcy filing for Flabeg
Flabeg Solar U.S. Corp., a Clinton-based subsidiary of German glass finishing firm Flabeg GmbH, is the subject of an involuntary bankruptcy filing issued on Tuesday, according to court filings. Flabeg occupies space in the Clinton Commerce Park and builds solar mirrors.
Chorus Call opens Japan site
Chorus Call, a Monoreville-based teleconferencing company, has launched an offshore location in Japan that is a joint venture with Tokyo-based Hitachi High Technologies.
Career Week approaches
The Three Rivers Workforce Investment Board will host the seventh annual Imagine! Career Week April 22-26 to promote a diversity of careers found in the region. Events include a Graduate Pittsburgh Summit at Hosanna House in Wilkinsburg, a tour of Larimer-based TechShop Pittsburgh and a Youth at Work event. Visit www.imaginecareerweek.org for more details.
Highmark gains urology group
Highmark Inc. has acquired Triangle Urological Group, which will now be part of the Pittsburgh insurer's integrated delivery network, Highmark spokesman Aaron Billger said Tuesday. The seven-physician group has offices in North Side, Wexford, McKees Rocks, McMurray-Canonsburg, Grove City and Indiana.
Bike shop/restaurant to open
The Tandem Connection, a bicycle shop and eatery along the Montour Trail in Hendersonville, Washington County, will hold a grand opening celebration April 13-14 in its 100-year-old building that once housed a coal company store. The business was financed in part through a $289,000 loan from the Progress Fund, a Greensburg nonprofit that provides capital and business assistance to entrepreneurs.
Rise in charitable giving
Charitable giving increased by 2.9 percent for the three months ending in February while online giving jumped by 10.8 percent during the same period compared with a year ago. The latest report from Blackbaud Inc., a South Carolina firm that provides consulting and technology to nonprofits, tracked overall giving of about $8 billion in donations at 3,000 charitable organizations nationwide. Its online index tracked about $500 million in giving at 2,500 nonprofit organizations.
Fewer forced bank closures
Regulators closed four banks nationwide through the first three months this year compared with 16 in the same period last year, according to a tally by SNL Financial. The four failures were in Georgia, Illinois, Minnesota and Washington.
Koppers extends bank pact
Koppers Inc. extended its $300 million credit agreement with a bank syndicate to 2018 and added the Bank of Tokyo to the group. PNC Capital Markets leads the syndicate, which also includes RBS Citizens and Banc of America Securities. The previous agreement was scheduled to expire in 2015. Among the provisions of the extended deal is flexibility for increased foreign investment. Downtown-based Koppers produces chemicals and treated wood products.