Eden Hall Foundation grants $100K to United for Women
The Eden Hall Foundation has made a $100,000 grant to United for Women, a program of the United Way of Allegheny County that assists women who are struggling because of unexpected circumstances. United for Women has raised $700,000 toward its first-year goal of $1 million.
Zipcar opens location at Pittsburgh International
Car-rental service Zipcar opened a new location at Pittsburgh International Airport on Thursday. The new branch offers five vehicles for rent, at either $8.25 per hour or $65 per day. Each vehicle comes with gas, car insurance, and 180 miles allowance.
Nokia releases Lumia 1020 with 41-megapixel camera
Nokia unveiled a new phone with a powerful 41-megapixel camera that promises sharper images, even in low light. The Nokia Lumia 1020, which was introduced Thursday, will run Microsoft's Windows Phone system. It will be available July 26 for $300 with a two-year service agreement with AT&T. Advance orders begin July 16.
Rate of foreclosure initiations, completions falling nationwide
Lenders initiated the foreclosure process on 57,286 homes in June, the lowest level for any month in 7 1/2 years, foreclosure listing firm RealtyTrac Inc. said Thursday. Foreclosure starts are on pace to reach roughly 800,000 this year, down from 1.1 million last year, the firm said. Completed foreclosures, when the lender repossesses a home, are on track to hit a half-million, or about a quarter below last year's total.
China alleges tax offenses, bribery at GlaxoSmithKline
China's police ministry accused executives of GlaxoSmithKline on Thursday of conducting a large, long-running bribery campaign to persuade doctors to prescribe drugs. They also are suspected of tax offenses involving collusion with travel agencies to issue false invoices, the ministry said. GSK said it would cooperate with the authorities but said Thursday's announcement was the first official communication it has received about the investigation.
H&R Block Inc. selling bank assets to Republic
Kansas City, Mo.-based H&R Block Inc. issued a statement Thursday saying it has agreed to sell its bank assets to Republic Bank & Trust Co. as the biggest U.S. tax preparer seeks to exit Federal Reserve oversight.
From staff and wire reports