Local firm buys N.J. company
System One -- a North Side-based staffing firm that specializes in the engineering, energy and scientific sectors -- said it acquired Joule Inc., a staffing company based in Edison, N.J. Terms were not disclosed. The merged company will have 6,000-plus employees and about 40 offices nationwide.
Lake Erie workers OK deal
United Steelworkers union members at U.S. Steel's Lake Erie Works in Nanticoke, Ontario, have ratified a five-year contract, ending a lockout that began April 28. USW Local 8782 said 57 percent of those voting approved the labor agreement. Terms were not disclosed.
Vodafone's Verizon stake
Verizon Communications Inc. agreed to buy Vodafone Group Plc's 45 percent stake in Verizon Wireless for $130 billion, getting full control of the most profitable U.S. mobile-phone carrier in the biggest acquisition in more than a decade. The deal, sought by Verizon since at least 2004, implies a total value for Verizon Wireless of almost $290 billion.
Gasoline prices on rise here
After a month of declines, Pittsburgh-area gasoline prices are on the rise. According to GasBuddy.com, the per-gallon price averaged $3.68 over the past week, which included the Labor Day holiday. That's 5.5 cents higher than a week ago, and mirrors the national trend. Gas retailers across the country raised prices by about 4.1 cents over the past week, settling at $3.61 per gallon. But even with the increase, gas prices are still below where they were last year, both regionally and nationally. "This summer driving season closed with the lowest prices since 2010," GasBuddy analyst Patrick DeHaan said.
ExOne secondary offering
The ExOne Company said it began a secondary offering of nearly 2.7 million shares, including almost 1.6 million shares being offered by existing shareholders. Underwriters have the option to sell an additional 398,400 shares owned by current shareholders. The North Huntingdon 3-D printing company expects to price the offering next week. The shares closed Tuesday at $69.68, up $1.17.
India OKs Mylan acquisition
Mylan Inc. said Tuesday that its proposed $1.6 billion acquisition of Agila Specialties, a maker of generic injectable drugs owned by Strides Arcolab in India, received clearance from the Indian government. The transaction, announced in February, is expected to be completed in the fourth quarter.
Deceptive auto ads halted
The Federal Trade Commission said it halted deceptive ads by two auto dealers from Ohio and Maryland that promoted discounts and prices not available to the typical consumer. One dealer also advertised discounts that only applied to specific, and more expensive, models, the agency said. People in the market for a car can find information on vehicle advertising rules and tips on buying or leasing at www.consumer.ftc.gov/topics/buying-owning-car.
From staff and wire reportsbusinessnews