Business news briefs for 05/27/11
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Cranberry teen retailer rue21's first-quarter profit rose 65.2 percent, helped in part by new store openings and sales gains at established stores. The 700-store chain's net income of $9.6 million, or 38 cents per share, in the three months ended April 30, compared with to $5.8 million, or 23 cents per share, a year ago. Analysts polled by Thomson Financial had been looking for 29 cents per share. Sales rose 25.5 percent to $172.9 million, while sales in established stores were up 5.2 percent. Based on first quarter results, rue21 raised its full-year earnings guidance to a range of $1.50 to $1.54 per share.
Westinghouse Electric Co. assured clients Thursday that recent concerns from nuclear industry regulators on the company's new nuclear reactor design would be sorted out. Designs for the Cranberry-based company's flagship reactor, the AP1000, had raised questions during the review process at the Nuclear Regulatory Commission. The company met with the NRC last week to resolve questions about analytical guidelines concerning the reactor's shield building. A revised calculation related to the AP1000's internal pressures will be presented to the NRC on Thursday.
Eli Avila, Pennsylvania's Department of Health secretary, will give the opening address at a workshop about sustainability and health care Thursday at Phipps Conservatory and Botanical Gardens in Schenley Park. The event, organized by Sustainable Pittsburgh, will run from 7:30 to 11:30 a.m. and will feature keynote speaker David Hearn, vice president of information technology, procurement and supply for Kaiser Permanente. Admission, which includes breakfast, is $45 for Sustainable Pittsburgh Champions for Sustainability members and $65 for nonmembers, with discounted admission for students.
The Consol Energy Center is one of six finalists for the "sustainability award" to be presented at the International Stadium Business Awards in Barcelona, Spain, on June 15. Other finalists are Aviva Stadium in Dublin; BMO Field in Toronto; The NEC Group (LG Arena and the NIA) in Birmingham, United Kingdom; Stadio Marcantonio-Bentegodi in Verona, Italy; and Air Canada Centre in Toronto. The Consol Energy Center was the first National Hockey League arena to achieve a gold Leadership in Energy and Environmental Design certification from the U.S. Green Building Council.
First Published May 27, 2011 12:00 am
