| Business

First Niagara sets aside $45 million

By Chris Fleisher
First Niagara Financial Group said it has set aside $45 million to cover potential losses from a “process issue related to certain customer deposit accounts” that does not involve a security breach, and which contributed to a big third quarter loss. The Buffalo-based bank, the fifth largest retail bank in …

Faulty air bags in 30M vehicles

By The Washington Post
WASHINGTON — More than 30 million cars and trucks nationwide are equipped with dangerously defective air bags, congressional officials say, a number that raises questions about whether the U.S. auto industry can handle what could become the largest recall in …

Stocks rise broadly on earnings; Amazon sinks

By The Associated Press
NEW YORK — The stock market closed out its best week in nearly two years on a positive note Friday, helped by strong quarterly earnings from Microsoft and other big U.S. companies. After weeks of speculation over the fate of …

Amazon investors’ patience wears thin

By The Associated Press
NEW YORK — Amazon has long acted like an ideal customer on its own website: a freewheeling big spender with no worries about balancing a …

Sell-off reins in complacency

By The Associated Press
NEW YORK — Sometimes a little fear is healthy for stock investors. Nine days ago, after a series of sharp sell-offs, the Standard & Poor’s 500 index was down 7.4 percent from its September record as fears of a global …

Bond mutual funds continue to carry their weight

By The Associated Press
NEW YORK — Oh, right — stability. That’s what bond mutual funds are for. When stock markets tumbled around the world last week, bond funds remained solid once again. They continued to inch ahead, while stock indexes swung up and …

Toyota Yaris adds French flair for ’15

By Mark Phelan
Ooh, la-la. Toyota has added European flair to the 2015 Yaris subcompact, responding to customers who wanted the little car to grow a little more …

Mini goes mainstream

By The Los Angeles Times
The Mini Cooper has fought hard to seem quirky and irreverent since its rebirth 12 years ago, but don’t be fooled by its charm offensive. …

Motoring Q&A: ‘Check engine’ light doesn’t reset itself

By Paul Brand
Question: We have 184,000 miles on our 2005 Chrysler Town & Country van with 3.8-liter engine. The other day, my wife drove it down the block and didn’t notice the red path of oil on the road. She came back …

EQT Corp. boosts profits despite lower gas prices

By David Conti
Faced with a natural gas glut that continues to stifle prices in Appalachia, EQT Corp. plans to cut costs but maintain production by drilling fewer wells and extending their horizontal reach into the Marcellus shale. “We will drill. We’ll develop …

PUC approves Columbia Gas pipeline extensions program for homeowners

By Mike Wereschagin
Some homeowners will be able to finance expensive pipeline extension projects to bring natural gas to their houses under a pilot program approved Thursday by the state Public Utility Commission. Columbia Gas of Pennsylvania won unanimous approval for its four-year …

Education Management removes itself from Nasdaq listing

By Chris Fleisher
Education Management Corp. is going private as the financially struggling operator of for-profit colleges undergoes an enormous restructuring and hands control to its creditors. Downtown-based EDMC said Thursday that it plans to remove itself as a listed company on the …

World’s 1st carbon capture power plant switches on in Canada

By The Guardian
Canada has switched on the first large-scale coal-fired power plant fitted with a technology that proponents say enables the burning of fossil fuels without tipping …

Mortgage rate slide’s impact could be minimal

By The Associated Press
WASHINGTON — With mortgage rates sliding for a fifth straight week, the possibility of locking in a rate below 4 percent is tempting for consumers and could unleash a wave of refinancing. It may even convince some Americans to buy …

Falling fuel prices help airlines — not fliers

By The Associated Press
DALLAS — Profits are soaring at the nation’s biggest airlines as fuel prices drop — but don’t expect fares to fall. Heading into the busy …

Toy sellers to enhance marketing as holidays approach

By The Associated Press
NEW YORK — Looking for the holiday season’s hot toys, like anything related to Disney’s “Frozen”? Or maybe you’re not picky and just looking for …

Business Briefs

Roundup: PUC schedules hearings for FirstEnergy rate increase; New-home sales almost flat in September; more

By Staff and Wires
PUC schedules hearings for utility rate increase The state Public Utility Commission scheduled hearings for next month on requests by FirstEnergy Corp.’s utilities to raise electricity rates by a total $415 million. The PUC is reviewing the requests for hikes …

Business Columnists

Jack Markowitz

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Let’s remember personal responsibility

Meet the Compassionate Exception. He or she is a media icon of our time. Always in the news, in one …

John Browne

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John Browne: Ebola fears infect markets

The World Health Organization announced last week that Ebola cases in West Africa could reach 10,000 a week by December …

John Dorfman

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Purloined Portfolio: What top managers are holding

Call it a festival of stolen ideas. I like to keep an eye on stocks held by other money managers …

Chris Posti

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Posti: Identifying, managing ‘blind spots’ key to career, life success

I’d like to tell you something your boss has been trying to tell you, but either your boss is not …

Kim Komando

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Essential security apps for your phone or tablet

Hackers would love to weasel their way on to your smartphone or tablet, just like they try to do your …

Real Estate

How to inspect your garage door

By Mct Information Services
It’s easy to ignore your garage door. But it’s a bad idea, because a broken overhead door is more than a hassle. It’s a danger. Your garage door is generally your home’s largest moving object, and, possibly, its hardest-working component. …

Business Gallery

Business Gallery, Oct. 19, 2014

By Tribune-Review
BANKING, FINANCE PNC Financial Services Group Inc. appointed Marjorie Rodgers Cheshire to its board of directors. Vincent T. Strangio, senior assistant adviser, Legend Financial Advisors, …