Free seminar on finances
The Pennsylvania Department of Banking and Securities is co-hosting a free seminar April 30 for people who want to learn about building personal wealth, understanding employer retirement plans, maintaining a nest egg as a retiree and avoiding financial fraud. The keynote speaker for the event at the Pittsburgh Marriott North in Cranberry is Washington Post syndicated financial columnist Michelle Singletary. To register, visit www.dobs.state.pa.us or call 1-800-722-2657.
Ansys makes acquisition
Ansys, a Southpointe-based simulation technology company, has announced it acquired Zurich, Switzerland-based Even-Evolutionary Engineering AG for an undisclosed figure. Even--Evolutionary conducts composite analysis and optimization technology through cloud computing.
Black Box names CEO
Black Box Corp., a Lawrenceville-based digital communications company, announced Monday that Michael McAndrew was appointed as CEO, succeeding R. Terry Blackmore, who retired March 31. Mr. McAndrew was also appointed to the company's board of directors, along with new board members John Heller and Joel Trammell.
Mylan gets OK for generic
Mylan Inc. said it received regulatory approval for the generic version of Valeant International's Zovirax ointment, which is used to treat infections caused by herpes viruses.
RBS shareholders sue
Royal Bank of Scotland shareholders have filed a 4 billion pound ($6 billion) lawsuit against the company, claiming they were misled into thinking the bank was healthy just before its collapse. A group representing 12,000 investors said Wednesday that the bank didn't include vital information in the prospectus for a 12 billion-pound share sale that took place just a few months before the government bailed out RBS.
Non-manufacturing index falls
The Institute for Supply Management said that its index of non-manufacturing activity fell to 54.4 last month. That's down from 56 in February and the lowest in seven months. A gauge of hiring fell 3.9 points to 53.3, the lowest since November. That means companies kept hiring, just at a slower pace.
Home prices up from year ago
Home prices rose 10.2 percent in February compared with a year earlier, CoreLogic, a real estate data provider, said Wednesday. The annual gain was the biggest since March 2006. Prices have now increased on an annual basis for 12 straight months.
Hyundai, Kia issue recalls
Korean automakers Hyundai and Kia are recalling almost 1.9 million vehicles from the 2007 through 2011 model years to fix problems with air bags and brake light switches. In addition, Hyundai Motor Co. is recalling about 194,000 Elantra compacts from 2011 to 2013 to fix an air bag problem. Hyundai and Kia will notify owners.