Personal Finance


 Part of the Wabtec complex in Wilmerding. Wabtec Corp. plans to acquire France’s Faiveley Transport for about $1.8 billion, including assumed debt.
Darrell Sapp/Post-Gazette
Part of the Wabtec complex in Wilmerding. Wabtec Corp. plans to acquire France’s Faiveley Transport for about $1.8 billion, including assumed debt.

Wabtec to buy French rail products firm for $1.8 billion

The combination of Wilmerding-based Wabtec and Faiveley is expected to create a business with annual revenues of about $4.5 billion.


 Mylan, which has been fighting Teva’s advances, issued a statement congratulating the company on the Allergan deal.

Teva drops bid for Mylan, buys Allergan's generics unit

Mylan plans to continue pressing ahead with its own unsolicited effort to buy over-the-counter drug specialist Perrigo.



Defense department renews $1.73 billion contract with CMU

The school’s SEI is the only federally funded research/development center dedicated to cybersecurity and software engineering.



U.S. Steel, 4 other producers file trade complaints over steel imports

The trade cases were filed by U.S. Steel, AK Steel, Nucor, Steel Dynamics and Arcelor Mittal.



Unemployment down in June for Pittsburgh region

The drop in the Pittsburgh region can be attributed mostly to people leaving the labor force.



Rebranding ‘not just for the big guys’

Midsize firms should center on a unified message that sets the firm apart from its competition.



 Allegheny Technologies

Len Boselovic’s Heard off the Street: Same old song on imports, health of U.S. steel producers

Overcapacity and a strong dollar are among the woes such companies face.


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OTHER BUSINESS


Supervalu may spin off Save-A-Lot division

Grocery distributor says its discount grocery operation and its independent grocers may be helped by separating the businesses.



Good Neighbor Center aims to steer volunteers where they're needed

Lois Mufuka Martin is leading the initiative for the United Way.


 

POWERSOURCE


Consol Energy widens loss, cuts spending

The oil, gas, and coal company warned investors it would post a loss for the second quarter, bemoaning low commodity prices.



Toshiba downplayed Westinghouse losses

The nuclear company’s Japanese parent used its own, lower figures for cost overruns at a Westinghouse project, revising the company’s


 

Business of Health


Broken water line repaired at Allegheny General Hospital

The hospital implemented its Emergency Operations Plan after the broken line caused water to flow into several elevator shafts and a



439,000 join Pennsylvania Medicaid

Of the new enrollees, nearly 37,000 are from Allegheny County, according to state statistics.


 



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Selecting the right repair shop

Always remember that your vehicle is one of the most important investments you will ever make.



Road trip safety keeps everyone safe and happy

Here are some basic travel tips that will keep you safe on your next road trip courtesy of the Ford Motor Company: