Business


Thermo Fisher Scientific reports revenue of $3.9 billion

Earnings per share grew 112 percent to $1.53 compared with the same period a year ago.

about 2 hours ago


Wabtec Corp. net income increases in first quarter

The company said in a release the uptick was mainly due to growth in its Freight Group.

about 3 hours ago


 Google Glasses displayed in San Francisco.

Business Briefs: 4/23/14

Heinz voluntary buyout offer deadline passes; GlaxoSmithKline reaches deal with Swiss drugmaker; GM seeks protection from lawsuits.

about 12 hours ago


 Linda Accettulla, mall manager for South Hills Village, listens to speakers in front of illustrations on the improvements during a news conference Tuesday, announcing a renovation of the mall.

South Hills Village to see new food court, entrances, retailers

The mall has committed to its first renovation in two decades, promising to be done by the holidays.

about 5 hours ago


BNY Mellon announces profit in first quarter

Net income for the quarter hit $661 million and an assurance to investors that the company will control expenses and cut operating costs.

about 12 hours ago


College enrollment by recent high school grads is down

The Bureau of Labor Statistics said the rate at which the graduates enrolled in college dropped to 65.9 percent as measured in October.

about 12 hours ago


 The August Wilson Center.

Peduto, Fitzgerald call for ouster of August Wilson Center conservator

Officials are concerned Judith Fitzgerald favors a commercial approach instead of a significant plan to preserve the mission of the center.

about 11 hours ago


 An aerial view of the David L. Lawrence Convention Center.

Pittsburgh among 15 cities asked to pitch for 2016 Democratic convention

Mayor Bill Peduto said Pittsburgh will submit a proposal but wonders whether it would be financially feasible.

about 12 hours ago


 PNC CEO William Demchak

PNC stockholders reject paying for greenhouse gas report

The shareholder proposal would have studied how companies in PNC's lending portfolio impact climate change.

about 12 hours ago


 Linda Accettulla, mall manager for South Hills Village, listens to speakers in front of illustrations on the improvements during a news conference announcing a renovation of the mall.

South Hills Village mall getting ready for renovation

Mall management today promised a new food court as well as updated entrances; new escalators; and a mix of new and renovated retailers.

about 12 hours ago


Deadline passes for Heinz workers interested in taking buyout

Heinz is not releasing the number of those who take the deal, and reiterated that it is not cutting its staffing in the region.

about 22 hours ago


Allegheny Technologies' first-quarter loss larger than expected

The Pittsburgh specialty metals producer said it lost $20 million, but business improved later in the period.

1 day ago


 The cooling towers at the nuclear plant at Shippingport in 2012.

Nuclear reactor owners asked to reassess quake resistance

FirstEnergy is reassessing seismic risks for its Beaver Valley nuclear reactors in Shippingport, Beaver County.

1 day ago


Business Briefs: 4/22/14

Matthews International misses analysts’ forecast; food processing company acquiring Canadian firm; new applesauce firm feels at home in Pa.

1 day ago


 FILE - In this Friday, April 11, 2014 file photo, trader Joseph Lawler, center, works on the floor of the New York Stock Exchange. Global stocks were mixed Monday, April 21, 2014, in light trading after Japan reported a record annual trade deficit and investors looked ahead to economic data this week from China and South Korea. (AP Photo/Richard Drew, File)

Stocks log longest winning streak in six months

NEW YORK (AP) — The stock market logged its longest winning streak in six months Monday as another big week for company earnings began.

1 day ago


Methane emissions focus of shareholder resolutions

In 2012, it was fracking. This year, it's methane emissions at shareholder meetings.

1 day ago


Union City gas plant looks to future

UNION CITY -- Unseen pipelines, buried beneath the ground in western Pennsylvania and New York, carry natural gas from about 6,500 wells.

2 days ago


 The 2015 Jeep Renegade expands the Fiat Chrysler brands' global portfolio.

Fiat Chrysler extends its worldwide designation with Jeep Renegade

Fiat Chrysler plans to build the Jeep alongside the upcoming Fiat 500X at a Fiat plant in Melfi, Italy.

1 day ago


Ced Kurtz's TechMan Texts: SpaceX ushers in new age of space flight

Plus: Power over distance; cord-cutters grow; wearing computers wears out; floating for free; a phone in pieces; stick it to them.

1 day ago


 The Port Authority of Allegheny County has explored CNG fleet conversion, but high garage renovation costs have proved an obstacle. The Ross garage, pictured above, is not even eligible for the types of renovations needed to meet CNG fire code.

Costly garage updates often prevent CNG fleet conversion

Natural gas vehicles could boost demand, but capital costs are preventing fleet conversions.

1 day ago


 Glen T. Meakem, president & CEO of Forever.com, an online photo and document storage site, in his offices Downtown.

Forum highlights Pittsburgh region’s ‘big deals’

Those seeking strategies for game-changing mergers and record-breaking exits can pick the brains of some of the most successful players.

1 day ago


Medicaid gets Affordable Care Act bump in Pennsylvania

Pennsylvania’s Medicaid enrollment is up by more than 18,000 since the Oct. 1 launch of the Affordable Care Act’s health plan marketplaces.

1 day ago


State firms must tailor approach to growth

Firms have focused their growth initiatives outside of the state with an eye toward capturing market share by opening offices in new cities.

1 day ago


TreeHouse Foods acquiring Canadian food company

TreeHouse, which makes private label soups at the former Heinz plant on the North Side, announced the pending purchase today.

1 day ago


 Stephen Moritz is the president and CEO of Encentiv Energy in Forest Hills.

Encentiv Energy lures companies into efficiency savings

Officials at an East Pittsburgh company believes energy saved is the cheapest form of energy.

2 days ago


Documents: Another delayed GM recall

The company waited years to recall nearly 335,000 Saturn Ions for power steering failures despite getting thousands of consumer complaints.

3 days ago




Business Calendar: 04/20/14

Tuesday

3 days ago


 Terry Letherby, third from left, an engineer of Royal Dutch Shell, talks to Alan Flummer, a J.C. Penney store manager in Monaca, and others during a meeting Wednesday about the company's proposed ethane cracker project at The Club at Shadow Lakes in Aliquippa. The company likely won't make a decision on building it for another year, but it wants to know what residents and businesses in the region want to talk about.

Louisiana parish's story shows costs, time don’t indicate Shell's intent

Location chosen, millions spent, Shell pulls the plug.... in Louisiana.

3 days ago


Workzone: Unconventional meetings take boring out of the boardroom

Unconventional meetings have gained popularity in the last 10 to 15 years.

3 days ago


Shop Smart: Car mechanic fiction vs. fact

It's easy to feel intimidated by a mechanic who says your vehicle needs a new, um, rotorbeltifyer or a change of translubricator fluid.

3 days ago


Heinz 'derisks' pension plan

Heinz is making changes in some of its pension plans, following the trend toward shifting retirees into annuities or paying out lump sums.

3 days ago


 Gregg Perelman, left, a managing partner for Walnut Capital, and Pittsburgh Mayor Bill Peduto collect their hard hats and shovels for the ceremonial groundbreaking for Bakery Square 2.0 on Thursday in East Liberty.

The week that was: Week of April 13, 2014

Twice baked; raised rents; feeling the squeeze; and jobs jump.

3 days ago


The Color of Money: College is for learning, not debt

Maybe it will help to walk you through the points we made to our daugh­ter to dis­cour­age her from ig­nor­ing the af­ford­abil­ity is­sue.

4 days ago


 Andrew Scudera, a cook from Goodfellas Pizza School of New York, takes a fresh pie from the oven for the throngs to sample at the International Pizza Expo in Las Vegas.

For pizza vendors, Vegas expo is a slice of heaven

Closed to the pub­lic, the expo is the re­served do­main of those who bring you the world’s most pop­u­lar food.

3 days ago


Office Coach: New boss reluctant to delegate tasks

You must first understand that the issue is not your competence, but your boss's discomfort.

3 days ago


Balancing Act: Work-life balance’s secret weapon

The secret weapon for remaining strong and finding balance, says Donna Shalala, president of University of Miami, is a good night’s sleep.

3 days ago


Western Pennsylvania to get taste of Tennessee-style for-profit health care

Barbecue and country music many be Tennessee’s best-known exports, but its biggest is for-profit hospital administration.

3 days ago


Sound Advice: Data backups just plain good practice

And it is so easy to do these days there really isn't any excuse for not backing up your system.

3 days ago


Job prospects bleak for millions

Economists say the long-term unemployed could become a permanent underclass, left behind by the nation's broader economic recovery.

4 days ago


UPMC data breach could be part of a national scheme

Health care providers across the nation have been targeted by cybercriminals.

4 days ago


Study says government awards influence CEOs

High honors such as knighthood or damehood can influence CEOs to make decisions that harm their companies.

4 days ago


 Rolls-Royce Motor Cars has unveiled the Pinnacle Travel Phantom, a new Bespoke Collection motor car, at the Beijing Motor Show. The car has been conceived both to celebrate the Chinese love of travel and the success of the Bespoke programme in China.

Rolls-Royce Motor CEO predicts 5th year of record deliveries

Rolls-Royce unveiled the custom-made Pinnacle Travel Phantom, a new Bespoke Collection motor car, at the Beijing Motor Show this week.

4 days ago


Pennsylvania lost 8,400 jobs in March

The state's unemployment was going down even as employers cut jobs.

4 days ago


Business Briefs: Mazda recalls older SUVs for rust problem

S&P low­ers bond rat­ing for Her­i­tageVal­ley; Chobani to expand offerings with desserts, dips.

4 days ago


Business Forum: Why private education loans need reform

For many students, education debt nearly is a practical puzzle.

4 days ago


Pennsylvania's unemployment rate falls to 6 percent, lowest since 2008

The rate for March fell for the right reasons -- more people working and fewer unemployed.

5 days ago


Chairman: PPG 'the largest coatings company in the world'

PPG, founded near Pittsburgh as a glassmaker,  has completed its transformation to primarily a coatings business, its chairman says.

5 days ago


 Facebook shows the “Nearby Friends"  tool. Using your smartphone’s GPS system, it will tell your Facebook friends that you are nearby.

Business Briefs: 4/18/14

Drilling equipment company coming to Leetsdale; PNC a finalist for award; Facebook is tracking you and your friends

5 days ago


 A Berkshire-Hathaway sign

Local Prudential Realty franchise moving to Berkshire-Hathaway HomeServices

The franchise owner touts new technology and market share as reasons for the switch.

5 days ago



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