Business


Development in the works on Pittsburgh’s South Side

Suburban Detroit developer Village Green broke ground Friday on a 264-unit luxury apartment and retail development.

about 5 hours ago


 Danny Meyer, center, founder & CEO of Union Square Hospitality Group, waits on the floor of the New York Stock Exchange for the Shake Shack IPO to begin trading Friday. Shares of Shake Shack Inc. more than doubled minutes after they debuted on the stock market Friday.

Stocks sag at the close; January finishes on weak note

All told, the Standard & Poor’s 500 index fell 3 percent in January, its worse monthly performance in a year.

about 6 hours ago


PPG deal in works, GNC Holdings OKs dividend, pilot contract approved

News from PPG, GNC, American Airlines, US Airways, Pom Wonderful, University of Michigan and Campbell Soup.

about 5 hours ago


 Christina Cassotis, the new CEO of the Allegheny County Airport Authority, began work Jan. 15.

New Allegheny County Airport Authority CEO sees ‘more opportunity’ in Pittsburgh

Pittsburgh may not be a hub again, but it can attract more traffic and could support more nonstop flights, according to Christina Cassotis.

about 6 hours ago


 John McCain, R-Ariz., had proposed an amendment to the Senate’s version of the Keystone XL authorization bill.

McCain's quest to change maritime law could impact Pennsylvania shipping industry

U.S. Sen. John McCain is advocating for changes to the 95-year-old Merchant Marine Act, calling it “an archaic law.”

1 day ago


Consol trims budget, vows to buy back stock

The Cecil-based oil, gas, and coal producer posted decreased earnings Friday.

about 6 hours ago


 Justin Dillner and his family plan their planting and buying schedule for Dillner Family Farm at the kitchen table of their Gibsonia home. Seated around the table are, from left, Jane Dillner, Marie Dillner, intern Jenalee Schenk and Jon Dillner.

Pennsylvania farmers regrouping ahead of growing season

Pa. farmers devoted 3.8 million acres to crops in 2014, an increase over 2013. Nationally the amount of acres grew from 2013 to 2014.

1 day ago


FDIC tool helps track down info on which banks are insured

The BankFind tool can help, but sometimes consumers will have to dig a little deeper.

1 day ago


BNY Mellon moving out of Downtown Pittsburgh building

The move follows a sale the bank’s world headquarters in New York.

1 day ago


Union files petition seeking NLRB election for adjunct faculty at Robert Morris University

The Adjunct Faculty Association says course-load limitations placed on adjuncts mean that their maximum yearly campus income is $12,600.

about 6 hours ago


PPG submits offer to buy majority interest in French sealants businesses

PPG said it hopes to close the purchase in the second half of the year, pending various approvals.

about 19 hours ago


Pittsburgh construction contracts up in 2014; Pittsburgh housing starts down in 2014; Mylan shareholders OK deal

Read more business news from UPMC, Highmark,  El Campesino Restaurante Mexicano, BNY Mellon, Lanxess, WVS Financial, Matthews International.

1 day ago


Email loses favor as Sony embarrassment changes worker habits

Companies are tightening security policies as the damage mounts from the hacking attack on Sony’s computers in November.

1 day ago


 Mechanic Butch Bacvinskas converts a Yellow Cab MV1 to run on propane in the company's garage on Beaver Avenue.

Yellow Cab not happy with Pennsylvania PUC's new mileage rule

The Pennsylvania PUC is imposing a new rule that allows taxis it regulates to be as old as 10 years, but limits mileage at 350,000.

2 days ago


 Gov. Tom Wolf signs an executive order restoring a moratorium on new drilling leases involving public lands, Thursday, January 29, 2015, at the Benjamin Rush State Park in Philadelphia.

Gov. Wolf bans new leases for drilling on state lands

Gov. Tom Wolf officially ending plans by the Legislature to raise dollars for the budget this fiscal year through new drilling deals.

1 day ago


 Highmark and UPMC have been dueling about access to Magee-Womens access for several weeks.

Highmark agrees to terms on UPMC Magee access for 2015

Highmark customers who learned of their pregnancies in 2014 will have access to Magee-Womens Hospital of UPMC.

1 day ago


 Uber and its rival ride-share company Lyft moved into the Pittsburgh area last year.

PUC finalizes Uber's two-year experimental license

PUC’s chairman says the long process to reach the agreement illustrated the need for regulatory reforms at the legislative level.

1 day ago


 Citizens Bank sign on 525 William Penn Place in 2003.

BNY Mellon to sell historic 525 William Penn Place

The bank occupies about two-thirds of the 42-story, 943,000-square-foot Downtown building.

1 day ago


Stewart to lead BNY Mellon's Pittsburgh operations

Ian Stewart, CEO of treasury services at the bank’s New York headquarters, will become chairman of BNY Mellon Pennsylvania in March.

1 day ago


Comcast, NRG Energy end rewards program

The pilot offered entertainment perks to Comcast customers in the Pittsburgh area who switched their electric supplier.

2 days ago


Kennametal stock climbs after CEO’s reassurance

“It’s clear we have some immediate work to do to deliver better performance,” new president and CEO Don Nolan said in a press release.

1 day ago


 The 2015 Subaru Legacy sedan gets a new look for the new year.

Scott Sturgis / Driver’s Seat: Redesigned Subaru Legacy is practically the perfect sedan

The 2.5i Limited is more fun than it first appears — and still practical.

2 days ago


Labor board issues complaint against UPMC

The labor relations board says the hospital chain violated workers’ rights.

1 day ago


 FTC Commissioner Julie Brill speaks at Carnegie Mellon  University.

At Carnegie Mellon, FTC commissioner urges protecting public

Julie Brill addressed a crowd of software engineers, data scientists and aspiring tech professionals during Data Privacy Day.

2 days ago


Heinz wins Cedar Point contract; Uber CEO will not face subpoena; Judge OKs Alcoa settlement

Read more business news from AlphaLab, First Commonwealth Financial, TriState Capital Holdings, Universal Stainless, Black Box

2 days ago


Meeting may shed light on future of Chartiers Avenue Bottom Dollar

Since the mid-January closing of Bottom Dollar, McKees Rocks leaders worry about “walkable” access to a supermarket.

2 days ago


U.S. Steel reports first profitable year since 2008

The Pittsburgh-based company cites savings from its Carnegie Way efficiency projects.

2 days ago


 Demolition work on Station Square's east warehouse continues in late August.

Pittsburgh planning commission clears way for Station Square housing deal

City planning approved plans by Station Square owner Forest City Enterprises to build 300 apartments on the east side of the complex.

3 days ago


 Gov. Tom Wolf speaks with those attending an Equality Pennsylvania networking breakfast this morning in Harrisburg. He's urging passage of a anti-discrimination bill.

Gov. Wolf asks legislators to send him LGBT bills

In the last legislative session, a bill to add LGBT protections to the Pennsylvania Human Relations Act attracted 90 House sponsors.

2 days ago


 According to the survey, hip replacement variation in Pittsburgh was 32 percent (a range of $19,456 and $25,696).

Replacing knee, hips a bargain at Pittsburgh-area hospitals

Pittsburgh is a low-cost market when it comes to knee and hip replacements, according to a new Blue Cross Blue Shield survey.

3 days ago


Black Box revenues increase, profits decrease in third quarter

Black Box president Michael McAndrew said the results show the company’s products and services remain strong and it will focus on profits.

2 days ago


Pennsylvania Department of Environmental Protection changes rules for oil and gas sludge at landfills

The state agency said it has been underestimating the radioactivity in frack fluid sludges for the past several years.

3 days ago


 Moira and Andrew Brennen of Highland Park. Mrs. Brennen said a Highmark representative told them her upcoming delivery would qualify for in-network rates only if one of the five UPMC obstetricians she saw in 2014 delivered the baby.

Patients struggle to sort out networks and affiliations in a post-UPMC-Highmark world

Moira Brennen’s due date is Saturday, and she still doesn’t know for sure if her delivery at Magee will be in-network or out-of-network.

3 days ago


Developer wants to build apartments between PNC Park, Heinz Field

Continental Real Estate Cos. pitched a plan to the city today to build 200 to 300 apartments on land adjacent to the Hyatt Place hotel.

2 days ago


Obama calls for offshore oil and gas drilling on Atlantic coast

His administration’s politically fraught plan also imposed new restrictions on environmentally fragile waters off northern Alaska.

3 days ago


 Travis Kalanick, CEO of Uber, speaks during a session of the LeWeb 2013 event in December 2013.

PUC petition to subpoena Uber boss Kalanick denied

The decision by two administrative law judges leaves open the chance that the PUC’s enforcement bureau could subpoena another Uber official.

2 days ago


Universal Stainless income, sales up in fourth-quarter

Net income for the period totaled $1.7 million vs. a loss of $2.9 million in the year-ago quarter.

2 days ago


 City Council voted unanimously to advance an ordinance creating a 42-acre specially planned district for redevelopment.

Pittsburgh gives preliminary approval for zoning at former Civic Arena redevelopment

Final approval by Pittsburgh City Council next week would allow the Penguins to move ahead with a $440 million project.

2 days ago


 Gov. Tom Wolf signs two executive orders at the Pennsylvania Capitol in Harrisburg.

Gov. Tom Wolf to reinstate moratorium on drilling in parks, forests

Wolf plans to reinstate a moratorium on leasing new oil and gas wells in the state’s forests and parks, thus fulfilling a campaign pledge.

2 days ago


BNY Mellon could face SEC charges; Ikea to open in Columbus; Lyft unveils glowstache

Read more business news from U.S. Steel, Wesbanco, ESB Bank, II-VI, S&T Bank, Philips, Uber

3 days ago


 “You’ve got people working Downtown moving to Lawrenceville because Lawrenceville is so convenient,” said Howard Hanna III, chairman and CEO of Howard Hanna Real Estate Services.

High-end apartments dominate Pittsburgh region's real estate

Two of the hottest areas of the city for price appreciation and sales were Lawrenceville and East Liberty, said Howard Hanna’s CEO.

4 days ago


Details of US-India nuclear power deal still unknown

It’s unclear if the concerns of companies like Westinghouse Electric Co. have been completely relieved by an agreement announced on Sunday.

4 days ago


 Mumia Abu-Jamal is serving a life sentence for the 1981 shooting death of Philadelphia police officer Daniel Faulkner.

Suit claims ‘Silencing Act’ restricting speech of Pa. inmates is unconstitutional

The law allows prosecutors or crime victims to seek an injunction when an convict’s behavior may cause a state of “mental anguish.”

4 days ago


 The outage "was not the result of a third-party attack but instead occurred after we introduced a change that affected our configuration systems," Facebook said in a statement.

Facebook says internal glitch to blame for global outages of its sites

The outage at Facebook appeared to spill over and temporarily slow or block traffic to other major Internet sites.

4 days ago


First transgender discrimination case to challenge ADA’s constitutionality

A transgender woman fired from her job, filed a discrimination suit making claims under both the ADA and Title VII of the Civil Rights Act.

3 days ago


 Swedish retail chain Ikea has announced that it will open a store in Columbus, Ohio in 2017.

Ikea to open store in Columbus, Ohio

The Ikea store in Columbus would be the retail chain’s second store in Ohio.

3 days ago


 Kathryn L. Harrison

People on the Move: 1/27/2015

Promotions, hirings and awards in the Pittsburgh legal community

4 days ago


Tech company II-VI sees second-quarter profit increase

Profits were boosted by $7.1 million because the company finalized payments for acquisitions made during the previous fiscal year.

3 days ago


 “In pure form,” the senators' letter says, “overdosing on caffeine is not only easy but virtually unavoidable.”

U.S. senators urge FDA to ban retail sales of caffeine powder

Two deaths have been linked to powdered caffeine, with one teaspoon having the equivalent of about 25 cups of coffee.

3 days ago


U.S. Steel posts strong fourth quarter

The earnings, which amounted to $1.83 per share, topped Wall Street estimates.

3 days ago



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