Business


PNC Financial Services earnings rise 7% in first quarter

PNC Financial Services Group this morning reported earnings of $992 million as it set aside less money to cover bad loans and expenses fell.

about 5 hours ago


Heartbleed bug fixes threaten to cause Internet disruptions in coming weeks

Estimates of the severity of the bug's damage have mounted almost daily since researchers announced the discovery of Heartbleed last week.

about 15 hours ago


 Bill Stolze bought the eight-story former whiskey distillery building on the South Side in 2012 for $495,000.

Former South Side whiskey distillery to transform into condos

With the Whiskey Barrel Flats, Bill Stolze may be the first to test the market on a riverfront stretch long considered a prime spot.

about 14 hours ago


 Camille Downing, left, associate professor at Point Park University’s School of Communication, teaches a class on Web design and marketing Tuesday. The class is launching Wood Street Communications — a student agency that will service nonprofits with Web design, marketing, PR and other communications. Students will do the work for nonprofits pro bono as part of their course work. Ms. Downing teaches a class that is organizing the agency.

Point Park student agency to help nonprofits connect

The payoff for students in the Downtown university’s School of Communication is they get professional experience in a for-credit class.

about 14 hours ago


 U.S. gasoline prices kept consumer inflation in check last month, helping to offset higher costs for food and clothing.

Business Briefs: 4/16/14

Carmichaels, Monessen banks complete merger; UPMC sublets chunks of Heinz 57 Center; Pittsburgh architecture firms to merge.

about 14 hours ago


Koppers eyes growth with purchases

Koppers expects the $460 million acquisition of Osmose units to boost its positions in wood treatment products and railroad services.

about 14 hours ago


 Andrew Moore, CMU's new School of Computer Science dean.

CMU taps Google VP as new dean of computer science

Andrew W. Moore, a computer scientist and expert in robotics, will begin his duties in August.

about 14 hours ago


 Allegheny County Executive Rich Fitzgerald answers a  reporter's question during a press conference announcing the county's decision to exclusively retain Highmark for its health care coverage through Dec. 31, 2015.

Allegheny County to stay with Highmark for health insurance

Allegheny County Executive Rich Fitzgerald said he hopes the decision to keep Highmark spurs settlement talks with rival UPMC Health Plan.

about 15 hours ago


Business Briefs: 4/15/14

New York firm OKs purchase by Koppers; Fort Lauderdale-’Burgh daily flight set to launch; Apollo reports income rise in first quarter

1 day ago


PNC Bank refunding customers hit by fees

The $90 million settlement covers customers who had PNC accounts accessible by a debit card between Jan. 1, 2004, and Aug. 15, 2010.

1 day ago


Patent trolls can be bad for business

They're not hiding under bridges, but patent trolls can cause headaches for companies trying to bring their products to market.

1 day ago


What paperwork to keep after taxes are completed

For most of us, the drudgery of tax filing season has drawn to a merciful close. Now what do you do with all that paperwork?

1 day ago


 The IRS can assess penalties to taxpayers for failing to file on time.

Failure to file a tax return can be worse than not paying the taxes owed

The closing bell rings at midnight for filing 2013 tax returns. The penalty for filing late is normally 5% of the unpaid taxes each month.

1 day ago


Small business owners are finding outside help during tax season

A National Small Business Association report found that 86 percent of small business owners surveyed hire a tax practitioner or accountant.

1 day ago


Ced Kurtz's Techman: Don't delay in finding out Heartbleed's impact on your cyberlife

The Heartbleed vulnerability is particularly insidious because it is a flaw in OpenSSL used to secure much of the Internet.

1 day ago


No penalty for oil and gas consultant for unauthorized practice of law

Judges on the panel said the consultant’s advice provided a benefit to his clients, who were preparing to lease their property.

1 day ago


 The Senator John Heinz History Center in the Strip District has the old Heinz sign attached.

Heinz offers buyout to majority of Pittsburgh-area workforce

Anyone who takes the deal will be replaced, leaving the company with the same size workforce in the region, according to the company.

1 day ago


 Grant Oliphant

Grant Oliphant to rejoin Heinz Endowments as president

Mr. Oliphant, 53, president of the Pittsburgh Foundation, will start his new position in June.

1 day ago


Koppers acquiring wood preservation and railroad services businesses

The $460 million acquisition of Osmose Holdings, based in Buffalo, N.Y., will be financed through new and existing debt.

2 days ago


 JetBlue Airways will start daily flights from Pittsburgh International Airport to Fort Lauderdale.

JetBlue to offer nonstop to Fort Lauderdale starting Oct. 29

The airline's daily flights will leave Pittsburgh at 7:15 a.m. with a return flight arriving at 9:31 p.m.

2 days ago


Cash-strapped charities embrace Highmark walk for health

Nonprofits are raising funds but avoiding overhead costs in Highmark's annual walk.

3 days ago


 Chrissy Stewart, senior chemist, does a coression test for protextive qualities of paint Wednesday at KTA-Tator, an employee-owned company in Findlay. KTA-Tator tests industrial paints used in bridges, pipelines, industrial plants and more.

ESOPs attractive to baby-boomer business owners

For aging baby boomers considering selling their companies, selling to employees may be an attractive option.

3 days ago


NSA could exploit flaws on 'Net

Elements of the decision became evident Friday, when the White House denied that it had any prior knowledge of the Heartbleed bug.

3 days ago


Global economy turning the corner, IMF contends

The International Monetary Fund predicts global growth would strengthen to 3.6 percent this year and an even better 3.9 percent in 2015.

3 days ago


Dateline Pittsburgh: 04/13/14

People on the move.

3 days ago


Business Calendar for the week of 04/13/14

Business-oriented events this week.

3 days ago


 From left, Laura VanValkenburg, SolePower director of business development; electrical systems developer Elliot Kahn; co-founder Matt Stanton; co-founder Hahna Alexander; and business developer David Davitian pose for a portrait inside their East Liberty office space. The company has been named on Popular Science's 2014 Invention Awards list.

East Liberty startup SolePower catching global attention

East Liberty-based SolePower is catching eyes for its cell phone charging insoles.

3 days ago


The week that was: 04/13/14

The week that was in business news: A new partnership between UPMC and the VA, fading food courts, and more.

3 days ago


Consumer Reports: What you need to know about prepaid cards

Prepaid cards are no longer just for people who don’t have bank accounts. Fees have declined, and many prepaid cards offer more features.

3 days ago


The Color of Money: Some options for paying the IRS

A “rescue” could cost you thou­sands of dol­lars.

4 days ago


WorkZone: Negative references can hurt job seekers, employers

A good reference could be the difference between landing a job and being turned down.

3 days ago


Balancing Act: Hesitancy can hinder women in business

But when big risks lead to big rewards, female leaders must shift their thought processes if they are going to raise their growth prospects.

3 days ago


Heard off the Street: For firms, it’s location, location, location

Where companies hold shareholder meetings says a lot about how poorly they'll do in the months ahead.

3 days ago


Office Coach: Turn tables on talkative co-worker

While some people hate divulging personal information, others view their life as an open book and will happily share almost anything.

3 days ago


Good Question: Tackling unpaid collection accounts

So, how should you han­dle un­paid col­lec­tion ac­counts? Pay them off.

3 days ago


 The Sangean DDR 63 radio is very full-featured with Wi-Fi, CD, USB and Bluetooth for a street price of $325.

Sound Advice: CD-capable models can be found

Un­for­tu­nately, CD ca­pa­bil­ity is be­com­ing rarer and rarer as peo­ple switch to dig­i­tal me­dia on their phones and com­put­ers.

3 days ago


Ohio's temblors linked to fracking

The state issued new permit conditions Friday in certain areas that are among the nation's strictest for natural gas drilling.

4 days ago


 Chris Painter, the State Department’s coordinator for cyberissues, says the U.S. request to allies to choke off computer traffic was a diplomatic effort to halt cyberattacks in 2012.

Digital assault shook up officials

The attacks subsided, providing what officials have described as a template to respond in other such cases.

4 days ago


Business News Briefs: Texas firms agrees to stop using bottle in Heinz tiff

Texas firms agrees to stop using bottle in Heinz tiff; Coldwater Creek stores on chopping block; First Commonwealth names Rout successor.

4 days ago


 Members of a Financial Literacy Panel discussion: from left, Victoria McCartney, Penn Commercial; Jacob Frantz, Butler County Community College; and Kaitlin Hudok, West Virginia University, write the answer to the question, "How much should a man spend on Valentines Day?" to begin the presentation at The University Club at the University of Pittsburgh. The panel brought together college students from around the area to discuss the topic with area high schoolers.

Financial literacy ed initiative helping students take control

Dozens of students attended a panel discussion Friday at Pitt on how their eyes were opened to the dangers of credit card debt.

4 days ago


 A vehicle sporting the Lyft mustache logo in the Cultural District in March.

Yellow Cab applies for license for ride share service

"Yellow X" would let drivers use their own vehicles and connect with riders either via a smartphone app or Yellow Cab dispatchers.

4 days ago


Business Forum: Target security breach could be a wake-up call

Cybersecurity is ripe for a tipping point. Why might Target be that tipping point? Because Target is unique.

4 days ago


Retailer Coldwater Creek files for bankruptcy

The Idaho retailer has Pittsburgh-area stores in Ross, Monroeville, Mt. Lebanon, Cranberry, Grove City and Erie.

4 days ago


$27 million project could reunite Downtown and the Hill

The Pittsburgh-Allegheny County SEA expects to begin preliminary design work by summer for a proposed deck over Crosstown Boulevard

5 days ago


 FILE - In this file photo taken Dec. 14, 2010, Family Dollar employee Pamela Ramos, left, assists John Conner with a purchase at a store in Waco, Texas. Family Dollar on Thursday, April 10, 2014 said it will be cutting jobs and closing about 370 underperforming stores as it looks for ways to improve its financial performance. It says it will also cut prices on about 1,000 basic items. (AP Photo/Tony Gutierrezfile, File)

Business Briefs: 4/11/14

Marina on Mon about to set sail; Burns & Scalo acquires David Hood & Sons; Family Dollar to close stores, cut jobs

5 days ago


Complaints of airline delays, cancellations spike

Analysis says Spirit Airlines received the most complaints over the past five years.

5 days ago


AFL-CIO president touts Pittsburgh movements

Greene County native Richard Trumka, the national president of the AFL-CIO, said raising wages is a top priority.

5 days ago


Pitt becoming a launchpad for entrepreneurs

Randall Family Big Ideas competition for student businesses competition connects fledgling business owners with mentors.

5 days ago


 A landslide across the railroad tracks above West Carson Street led to a temporary shut down of the Duquesne Incline and the rail line.

LeMont Restaurant remains closed after Mount Washington landslide

Inspectors are still working to get to the side of Mount Washington below the restaurant after Tuesday's landslide.

5 days ago


'Heartbleed' bug causes big security headache on Internet

Web surfers wonder whether they should change passwords to prevent theft of email accounts, credit card numbers and sensitive information.

6 days ago



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