Cranberry-based rue21 delays vote to Sept. 19
The shareholder vote on a plan to sell Cranberry teen clothing retailer rue21, originally scheduled for Sept. 12, has been pushed back a week to Sept. 19 at the company's headquarters in Thorn Hill Industrial Park, according to a Securities and Exchange Commission filing. Earlier this year, rue21 announced plans to sell the business for $1.1 billion to a major investor.
Pittsburgh-area gas prices continue gradual decline
Gas prices in the Pittsburgh region have fallen 4 cents over the past week, continuing a slow but steady decline since the end of July. A gallon of gasoline averaged about $3.65 in the latest survey of Pittsburgh area stations, according to GasBuddy.com. The national average was $3.58 per gallon. GasBuddy analysts predicted that prices would likely be steady through the end of the summer, but then may drop an additional 10 to 25 cents per gallon in mid-September.
Re/Max Holdings files for IPO
Re/Max Holdings, a franchiser of real estate brokerages, filed for a U.S. initial public offering as the nation's property market rebounds. Re/Max, a Denver-based company, filed to raise as much as $100 million, according to a regulatory filing Monday. Re/Max, which reported revenue of $143.7 million for 2012, plans to list the shares on the New York Stock Exchange under the symbol RMAX.
Report: More students receive federal financial aid
With college costs continuing to rise, more students are receiving federal financial aid, although state and institutional aid remains largely flat. Data released Tuesday by the National Center for Education Statistics, a branch of the U.S. Department of Education, shows 71 percent of all undergraduate students received some type of financial aid in the 2011-12 school year, up from 66 percent four years earlier. Forty-two percent of students received federal grants, up from 28 percent, and 40 percent received federal loans, an increase of 5 percentage points. Meanwhile, 15 percent received state grants and 20 percent received a grant from the college or university they attend -- figures that have remained essentially unchanged since the 2007-08 school year.
LinkedIn adding accounts for universities, students
Hoping to attract younger users, career-oriented social network LinkedIn announced Monday that it's adding a feature for universities to promote themselves and will allow students as young as 14 to open accounts. LinkedIn has been aimed at an audience of professionals and college students aged 18 or older, said LinkedIn product manager Christina Allen, but 14 "is really about when kids these days are starting to think about colleges."
Samsung's Galaxy Mega phone as large as tablet
Smartphones are getting bigger as people use them more to watch movies and play games. But a new one from Samsung is beyond big. With a screen measuring 6.3 inches diagonally, the Galaxy Mega is almost as big as a 7-inch tablet computer. The difference: It makes phone calls. AT&T Inc. says it will start selling the Mega on Friday for $150 with a two-year service contract. The Mega is also coming to Sprint and U.S. Cellular.