Business news briefs: Airport gates reopened

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Airport gates reopened

Ten gates at Pittsburgh International Airport have been reopened at the end of Airside Concourse A thanks to the Allegheny Airport Authority removing a wall that was put there five years ago. The wall was erected in 2008 to save money on maintenance after US Airways eliminated hub operations at the airport. It was taken down Aug. 22, opening the way for eateries on Concourse A such as Quaker Steak & Lube and Mayorga Coffee Roasters Express. The removal of the wall was prompted by a request from Southwest Airlines to park aircraft overnight at some of those gates, and United Airlines' move to Concourse A. Southwest Airlines is in the process of acquiring AirTran Airways. United Airlines recently completed its takeover of Continental Airlines and had operated from Concourse C.

Charge it at Ross Park Mall

Ross Park Mall has added four charging stations, where shoppers can use electrical and USB ports to charge mobile devices. Mall owner Simon Property Group, which also operates South Hills Village, is rolling out 280 such stations at 80 centers around the country.

PNC chairman looks elsewhere

PNC Financial Services Group's chairman, James Rohr, was appointed to the board of directors at General Electric Co. Mr. Rohr, 64, who retired as PNC's CEO in April, will not seek re-election to PNC's board when his term expires in April, the bank said in a government filing Friday. Banking regulations prohibit executives from serving on the boards of multiple banks. GE has a lending arm called GE Capital.

CMU professor gets FTC job

Martin Gaynor, a professor of economics and policy at Heinz College at Carnegie Mellon University, has been appointed director of the Federal Trade Commission's Bureau of Economics. He will assume his new post Oct. 1.

Wholesale prices rise on energy

Higher energy costs pushed U.S. wholesale prices up 0.3 percent last month. Prices rose a modest 1.4 percent over the past year, the lowest one-year gain since April. Excluding volatile food and energy costs wholesale prices were unchanged in August, the Labor Department said Friday. They were up 1.1 percent over the past year, smallest gain since June 2010.

Business stockpiles see gains

Business stockpiles increased 0.4 percent in July from June, the Commerce Department said Friday. Business stockpiles in July stood at a seasonally adjusted $1.66 trillion, 3.2 percent higher than a year ago.

Small raise in retain spending

Spending at retail businesses rose just 0.2 percent last month, the Commerce Department said Friday. It was the smallest gain in four months.

Goldman Sachs advises Twitter

Goldman Sachs, on pace to be the top adviser on U.S. initial public offerings for the first time since 2009, scored a coup by landing the lead role on Twitter's sale. Twitter, which announced Thursday that it filed for an IPO, apparently bypassed Morgan Stanley, which ran Facebook's troubled $16 billion sale last year. Twitter isn't sharing much about its business just yet because it's taking advantage of federal legislation passed last year that allows companies with less than $1 billion in revenue in its last fiscal year to keep its IPO documents under seal the final few weeks before a price is set on the stock offering.

Bayer facing China probe

Bayer AG confirmed Friday that it is being investigated in China for possible unfair competition, making it the latest foreign drug maker to come under scrutiny in the country. The Germany-based company said it is cooperating with Chinese authorities.



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