Business

British exit wipes out $1.75T , throws financial world into gray area

Britain's unexpected decision to leave the European Union spooked investors around the world Friday and stoked concerns about the repercussions for the global economy and ...
Clerical errors vex fliers enrolled in expedited screening programs
NEW YORK — Thousands of fliers enrolled in trusted traveler programs such as PreCheck aren't getting the expedited screening they paid for because of clerical ...
Insurer limits device options for diabetics who use pumps
Stephanie Rodenberg-Lewis wasn't happy with her insulin pump and finally switched two years ago to another brand. Now her health insurer is pushing her to ...
Set brake firmly to preclude mishaps
Question: I have been told in the past and was recently reminded by your column that I should be using the parking brake on my ...
Lincoln MKX adds power, luxury
Lincoln has rolled out a more luxurious and powerful MKX for 2016, giving the midsize SUV features such as massaging front seats that rival any ...
Coal operators, union reach tentative contract deal
Coal companies led by Murray Energy Corp. reached a tentative agreement with the United Mine Workers of America on a 51⁄2-year contract covering about 4,500 ...
U.S. stocks tumble amid global selloff after U.K. Brexit vote
U.S. stocks tumbled the most since January, joining a selloff in global risk assets on speculation that the U.K. decision to leave the European Union will ...
Pittsburgh International Airport eyes westward expansion with Frontier partnership
Pittsburgh International Airport's top executive hopes a new partnership with Denver-based Frontier Airlines will lead to more service between Pittsburgh and the West Coast. Frontier last ...
Energy Transfer can exit $33B merger deal
Billionaire Kelcy Warren just won a hand in the biggest M&A poker game he's ever played in the U.S. oil patch. Eighteen months after Warren's Energy ...
PNC, BNY Mellon, Citizens, Huntington among 33 U.S. banks to pass Fed's 'stress test'
Four big banks in Pittsburgh are much better capitalized than they were during the Great Recession and could withstand a severe global economic downturn, the ...
Yuengling settles Clean Water Act violations for $2.8M
HARRISBURG — The country's oldest brewery has installed an $8 million wastewater pretreatment system and will pay a $2.8 million fine to settle allegations that ...
Banks lead rally, utilities lag; pound rises to high for year
NEW YORK — Stocks made their biggest gain in a month Thursday as investors grew more optimistic that Britons will vote to stay in the ...
Merrill Lynch to pay $415M for misusing customers' cash, SEC says
Bank of America Corp.'s Merrill Lynch brokerage unit will pay $415 million and admit to wrong­doing to settle charges that it misused customer cash, the ...
Macy's CEO to step down
NEW YORK — Macy's longtime CEO Terry Lundgren, who spearheaded a landmark acquisition that created a powerhouse national department store chain, will step down early ...
Volkswagen to pay $10.2B to settle customers' emissions claims
DETROIT — Volkswagen will spend about $10.2 billion to settle an emissions cheating scandal in the United States that has turned into one of the ...
Utica shale yields higher output with fewer wells for drillers
One deep Utica shale well has the potential to produce as much natural gas as three wells drilled into the Marcellus layer above it. It's why ...
North Side toymaker sues British company in patent spat
A North Side toymaker alleges in a federal lawsuit that a British company financed in part by the sister of Facebook's founder and CEO is ...
Housing affordability takes step backward in Washington County
Homes are becoming less affordable in areas hit hardest by declines in the natural gas industry as prices outpace wage growth, a new report suggests ...
Pitt to collaborate with utilities, manufacturers on grid modernization
The University of Pittsburgh is starting an off-campus energy institute that researchers hope will make it easier to collaborate with utilities and related firms on ...
EDMC lays off 41 in Pittsburgh as part of nationwide purge
Education Management Corp. has laid off hundreds of employees at Art Institute campuses across the country, including 41 in Pittsburgh, as the struggling for-profit college ...

A blog by David Conti