Business


 A view of the Lower Hill and former site of the Civic Area near Consol Energy Center from the 60th floor of the U.S. Steel Tower.
Darrell Sapp/Post-Gazette
A view of the Lower Hill and former site of the Civic Area near Consol Energy Center from the 60th floor of the U.S. Steel Tower.

Penguins seek minority-owned developer for housing at former Civic Arena site

The developer would be responsible for building at least 250 units on the 10 acres of land closest to Crawford Square in the Hill District.


 Mylan headquarters in Canonsburg

Mylan continues to woo Perrigo as profits slip

As it fights to woo a rival and fend off another, Mylan releases first-quarter results.



 Last week, state regulators asked the courts to force UPMC and Highmark into arbitration to resolve alleged violations of state-mediated agreements governing their breakup in January.

Highmark to cover unpaid medical claims filed by UPMC

The ongoing dispute between the region's health care giants had interfered with the payment of about 3 percent of more than 900,000 claims.



United Way hoping to help women in need in time for Mother’s Day

United Way’s new fundraising campaign was timed around Mother’s Day to help women who face unexpected emergencies get back on their feet.



LB Foster first-quarter earnings beat expectations

The Green Tree company reported net income of  $4.3 million up from $3.6 million.



DEP, Shell share air quality plans for Beaver County cracker plant

The meeting, being held at an auditorium in Central Valley High School, is the first opportunity for the community to hear about the plant.



More cuts coming for Kennametal, executive says

The company attributed losses to impairment and restructuring charges, and a weaker demand from industrial, energy and other markets.


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OTHER BUSINESS


Ansys reports boost in first-quarter earnings, revenue

The results for the quarter, however, fell short of average analysts expectations provided by Thomson Financial Network.



Retiree benefits bubble up at Consol shareholders meeting

Sale of mines to Murray Energy cut health care benefits to retired Consol miners.


 

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Your Money


Business Forum: Making brokers work for clients is way past due

The Dodd-Frank Act,  meant brokers and advisers should put the interests of clients first and must disclose any conflicts of interest



Len Boselovic's Heard Off the Street: Online or off, some believe vultures are everywhere

Col. Matteo Martemucci warned the CFA Society of Pittsburgh on Wednesday of cyber security threats.


 

POWERSOURCE


FirstEnergy shows off natural gas plant in Springdale

The company is upgrading the facility to run full-time, a move the company said was triggered by low gas prices.



The 'monster' beneath the Marcellus

Ohio has been the hotbed of Utica Shale drillng, but the results of Utica wells drilled in Pennsylvania are showing strong numbers


 

THE WORKZONE



Pitt approves contract with maintenance staff

Union workers who maintain buildings and grounds at the University of Pittsburgh ratified a three-year contract with the school.


 


 

Business of Health


WPAHS loses $9.7 million for quarter

WPAHS reported an operating loss of $9.7 million for the three-month period ending March 31.



New data tools allow employers to home in on cost, quality at local hospitals

Health care consumers are tapping user-friendly cost and quality data to help them make decisions about network size and hospital spending.


 



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Personal Finance Center

Wheels

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From footballs to tires, inflation's important

Tires must be cold when inspected for tire pressure (at least four hours after the vehicle has been driven).



Tips for buying your first ATV

First-time buyers account for more than a quarter of all-terrain vehicle sales each year.


 

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