| Business

BNY Mellon is putting iconic Citizens Bank Tower up for sale

By Chris Fleisher 10:51 a.m.
The Citizens Bank Tower is going on the market as the building’s owner, Bank of New York Mellon, scales back its real estate footprint to cut costs and capitalize on a hot market for Downtown office space in Pittsburgh. The 41-story skyscraper at 525 William Penn Place is an iconic …

Super Bowl ads win by playing to viewers’ emotions, experts say

By Chris Fleisher 8:37 a.m.
The celebrity endorsements will be everywhere Sunday. Socialite Kim Kardashian, actor Pierce Brosnan, comedian Mindy Kaling and even a bunch of Victoria’s Secret supermodels will appear ...

Pennsylvania Gov. Wolf to sign order barring drilling of new oil, gas wells in state forests, parks

By Katelyn Ferral
Oil and gas companies once again will be barred from drilling new wells under state forests and parks in Pennsylvania. Gov. Tom Wolf is set ...

Pipeline companies weather downturn in prices of natural gas, oil

By Katelyn Ferral 8:37 a.m.
Depressed natural gas prices are causing challenges for the energy industry, but analysts say pipeline builders in Western Pennsylvania are largely shielded from the fallout ...

U.S. Steel maps out greater efficiency for 2015

By Alex Nixon 8:37 a.m.
U.S. Steel Corp. achieved $575 million in savings through a cost-cutting and profit-improvement strategy last year that propelled the company into the black for the first time in six years. The challenge for the company’s Carnegie Way Initiative in 2015 ...

UPMC, Highmark disagree over payment of medical claims for children

By Luis Fábregas
UPMC on Wednesday accused rival Highmark Inc. of denying 154 claims for children undergoing treatment at UPMC-owned hospitals and clinics, but the insurer shot back ...

Continental targets early 2016 for North Shore apartments, parking garage

By Melissa Daniels
Adding parking spaces is the key to plans to build apartments between PNC Park and Heinz Field on the North Shore, said developers who met in Mayor Bill Peduto’s office Wednesday. “Solving the parking problem is the first order,” said ...

FTC chief Brill calls on companies to protect privacy online

By Megha Satyanarayana
The head of the Federal Trade Commission urged inventors and entrepreneurs Wednesday to build security and privacy features into products that transmit data, such as health monitors and smart meters. Commissioner Julie Brill said businesses making products that connect to ...

Super Bowl draws big increase in first-time advertisers

By The Associated Press 8:37 a.m.
NEW YORK — More Super Bowl ad rookies will be trying to score a touchdown this Sunday. There will be 15 new Super Bowl advertisers ...

McDonald’s replaces CEO amid sales decline, effort to transform image

By The Associated Press
NEW YORK — McDonald’s CEO Don Thompson is stepping down as the world’s biggest hamburger chain fights to hold onto customers and transform its image. ...

‘Patient’ Fed keeps interest rates flat

By The Associated Press 8:37 a.m.
WASHINGTON — The Federal Reserve reiterated Wednesday that it will be “patient” in raising interest rates from record lows even as the economy moves steadily closer to full health. The Fed signaled in a statement after its latest policy meeting ...

Stocks lose footing on Fed statement

By The Associated Press
Investors struggled to figure out a barrage of signals from the Federal Reserve, oil markets and Corporate America on Wednesday, and stocks fell sharply for ...

Alibaba ripped  in report

By The Associated Press 8:37 a.m.
BEIJING — There’s a tiger fight going on in China. Regulators on Wednesday issued a scathing report against one of the country’s biggest stars, accusing e-commerce giant Alibaba of failing to do enough to prevent fake goods from being sold on ...

Pennsylvania shale gas producers received hundreds of environmental citations in 4 years, PennEnvironment says

By David Conti
Hundreds of environmental citations issued to shale gas producers over a nearly four-year period provide evidence that Pennsylvania should halt well development and tighten regulations, an anti-drilling group said Tuesday. But gas drillers and their trade association dismissed the report’s veracity, ...

SEC alleges BNY Mellon bribed foreign investors by handing internships to their relatives

By Chris Fleisher
Securities regulators are considering charges against Bank of New York Mellon, alleging that it violated federal bribery laws by giving internships to relatives of foreign officials to win business managing investments for their country. The bank disclosed in a regulatory filing ...

Obamacare enrollment up in Pennsylvania

By Alex Nixon
Uninsured people in Pennsylvania are enrolling for health coverage under the Affordable Care Act at a faster pace this year than last, but federal data released Tuesday suggest the Obama administration has a challenge signing up young adults. The government said ...

Business Briefs

Roundup: Nissan recalls SUVs to fix electrical shorts, hood latches; Ford recalls cars, vans for door latch and seat belt trouble; more

By Staff and Wires
Nissan recalls SUVs to fix electrical shorts, hood latches Nissan is recalling nearly 768,000 SUVs worldwide to fix faulty hood latches and electrical shorts. The larger of two recalls announced Wednesday covers more than 552,000 Rogue small SUVs from ...

Business Columnists

Jack Markowitz

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Entitlements won’t save the middle class

There is no “middle-class economics,” the same as there’s no middle-class astronomy or biology. It’s a tricky business to raid …

John Browne

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John Browne: Swiss unleash currency turmoil

Switzerland long has been perceived as having a model economy, where hard work is rewarded by wages paid in a …

John Dorfman

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Dorfman: January barometer no real key to stock market direction for full year

In its crudest form, the January barometer theory states that the direction of the stock market in January predicts its …

Chris Posti

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Polish away weaknesses at work in new year

You may not be the kind of person who makes New Year’s resolutions, but the start of a year gives …

Kim Komando

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Five Facebook details you shouldn’t share

To Facebook, your personal information is everything. The more the site has on you, the more money it can make …

Real Estate

Continental targets early 2016 for North Shore apartments, parking garage

By Melissa Daniels
Adding parking spaces is the key to plans to build apartments between PNC Park and Heinz Field on the North Shore, said developers who met in Mayor Bill Peduto’s office Wednesday. “Solving the parking problem is the first order,” said ...

Business Gallery

Business Gallery, Jan. 25, 2015

By Tribune-Review
LEGAL Weltman, Weinberg & Reis Co. L.P.A. elected Keri P. Ebeck as a partner. In the firm’s Pittsburgh office, her focus is on the consumer ...