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Corbett: Coal is working

By David Conti
States and the energy industry should work together to improve carbon-capturing technology to save coal-burning power plants and coal-related jobs threatened by federal clean air regulations, Gov. Tom Corbett said on Tuesday. Speaking at a coal industry conference at Nemacolin Woodlands Resort in Fayette County, the Shaler Republican joined a …

BNY Mellon notches $661M profit in 1st quarter

By John D. Oravecz
Bank of New York Mellon Corp. on Tuesday bounced back from a loss a year ago, reporting a $661 million first-quarter profit as fees from investment management and services rose 3 percent. CEO Gerald Hassell said BNY Mellon achieved good …

PNC’s CEO elected board chairman

By Chris Fleisher
In a quick and quiet affair held 1,100 miles from Pittsburgh, William Demchak added a title to his growing resume at PNC — board chairman. The bank’s president and CEO was officially elected to the role during the bank’s annual …

Landmark former school in Pittsburgh’s Hill District to incubate startups

By Bob Bauder
A Pittsburgh nonprofit plans to use a landmark former school in the Hill District to nurture small, start-up businesses in Pittsburgh’s economically depressed neighborhoods. Christian …

ATI takes 1st-quarter loss, but says outlook is good

By John D. Oravecz
Allegheny Technologies Inc.’s chief executive predicted better results this year as the specialty steel and titanium maker reported a first-quarter loss of $20 million on Tuesday. CEO Rich Harshman said the Downtown-based company’s order backlog of $1.8 billion is at …

‘Old GM’ defense expected in court fight over faulty ignition switch

By The Associated Press
DETROIT — General Motors Co. and a battalion of trial lawyers are preparing for an epic court fight over whether GM is liable for the sins of its corporate past. The company is asking a bankruptcy court to shield it …

AT&T joins crowded field with online video plans

By The Associated Press
AT&T and an investment firm run by former News Corp. executive Peter Chernin have formed an online video venture. AT&T Inc. and Chernin Group said on Tuesday that they have committed more than $500 million in funding toward the venture. …

Google challenges nonprofits on ideas to use Glass

By The Associated Press
Google has asked nonprofit groups to propose ideas for how to use the Web-connected eyewear Google Glass in their work. Five charities that propose the best ideas by May 20 will get a free pair of the glasses, a trip …

McDonald’s profit slips amid weak sales

By The Associated Press
McDonald’s is fighting to hold on to customers. The world’s biggest hamburger chain said sales at established American locations fell 1.7 percent in the first quarter as guest counts fell. The company’s customer counts declined last year as it struggled …

Tesla delivers  1st cars in China

By The Associated Press
Tesla Motors Inc. delivered its first eight electric sedans to customers in China on Tuesday, and CEO Elon Musk said the company will build a nationwide network of charging stations and service centers as fast as it can. Tesla probably …

Drugmakers ready to carve out deals any way they can

By The Associated Press
Drugmakers eager to satisfy shareholders by boosting profits and share prices are wheeling, dealing and, in one case, even making trades like a pro sports team looking to shake up its roster. The moves could spur more mergers and acquisitions …

Winning streak for stocks continues

By The Associated Press
NEW YORK — Corporate deals and some solid earnings reports propelled the stock market to its sixth consecutive gain on Tuesday. Allergan surged when Valeant Pharmaceuticals said it had teamed up with activist investor Bill Ackman to make a bid …

Young visionaries at PieceMaker Technologies Inc. see future in 3-D

By John D. Oravecz
Arden Rosenblatt and Alejandro Sklar believe they are pioneers in bringing 3-D printing to the masses. Their company, PieceMaker Technologies Inc., is developing 3-D printing …

BNY Mellon hires national sales manager for Dreyfus

By John D. Oravecz
Bank of New York Mellon Corp. has hired another executive to help lead its push to attract more retail investors to its Dreyfus mutual funds. BNY Mellon Investment Management said on Monday that Ryland Pruett was named national sales manager …

Survey: Higher costs weighed on businesses in Q1

By The Associated Press
Rising costs for materials and labor appeared to pressure businesses in the first quarter of the year, according to a quarterly survey from the National Association of Business Economics. Thirty-one percent of businesses surveyed reported higher material costs, more than …

Apple offers free product recycling

By The Associated Press
Apple is offering free recycling of all its used products and has vowed to power its stores, offices and data centers with renewable energy to reduce the pollution caused by its devices and online services. Apple had been distributing gift …

Business Briefs

Roundup: Renovations planned for South Hills Village; Average airfares rising slowly, government reports; more

By Staff and Wires
South Hills Village to be spruced up The owners of South Hills Village said Tuesday they plan to refresh the mall with new retailers and more “creature comforts.” As the mall approaches its 50th anniversary, Indianapolis-based owner Simon Property Group …

Business Columnists

Jack Markowitz

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Mickey Rooney’s financial life a lesson for us all

The unique Mickey Rooney provided one last entertainment — a sobering one — in his long life. When he died …

John Browne

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Markets, war risks on rise

As the situation in eastern Ukraine escalated last week, the American-led Western allies seemed to continue to flounder with how …

John Dorfman

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Dorfman: Cheapskate Portfolio up 37% in year

If you like to make money in stocks, you could do a lot worse than to buy the ones with …

Chris Posti

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Looking for 1st job? Get your basics down

Rick was like thousands of other college seniors hoping to get hired for his first “real” job. He was an …

Kim Komando

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Don’t feel boxed in by cable

I suspect you’re like me. You just want to sit down in front of the TV and find something interesting …

Real Estate

Time to assess your home and consider embracing changes

By Vern Yip
Although we’re only into the second decade of the 21st century, any mid-20th-century predictions that our homes would now resemble something close to that of George and Jane Jetson just haven’t materialized. Our TVs are certainly much flatter and our …