FNB maps out acquisition of Ohio-based Park View
Hermitage-based FNB Corp. said Wednesday it expects to complete the previously announced acquisition of Park View Federal in Solon, Ohio, on Oct. 12 following the deal's approval by Park View shareholders.
Carnegie Speech, nonprofit reach marketing agreement
GlobalPittsburgh, a nonprofit, has entered an agreement to market Carnegie Speech's online language learning programs to universities, corporations and international organizations.
After July plummet, durable goods orders inch up in Aug.
Orders for durable goods, items expected to last at least three years, increased 0.1 percent in August, the Commerce Department said Wednesday. That comes after orders plummeted 8.1 percent in July, which was largely because of a steep drop in volatile commercial aircraft orders. In August, auto factories reported a 2.4 percent increase in orders, the biggest in six months. And demand for so-called core capital goods rose 1.5 percent, after falling 3.3 percent the previous month.
Sales of new homes also rise last month
Sales of new homes increased 7.9 percent in August to a seasonally adjusted annual rate of 421,000, the Commerce Department said Wednesday. That comes after sales plunged 14.1 percent in July to a 390,000 annual rate. New-homes sales were 12.6 percent higher in August than a year ago, although the pace remains well below the 700,000 consistent with a healthy market.
British broker announces $87M Libor case settlement
Britain's ICAP PLC has agreed to pay about $87 million to settle U.S. and U.K. charges of manipulating the London interbank offered rate, or Libor, from October 2006 to January 2011. It is the fourth financial firm sanctioned in the international rate-rigging scandal. Separately, U.S. prosecutors filed criminal charges in New York City on Wednesday against three former ICAP brokers, saying they took part in the scheme. Britain's Barclays Bank and Royal Bank of Scotland, and UBS, Switzerland's biggest bank, have paid a total $2.5 billion to settle charges of rigging the Libor.businessnews