| Business

Market strategists predict churning, but no major slump

By Chris Fleisher
The last time stock investors got a serious case of jitters, it was a bad omen for the economy. But market watchers don’t see anything drastic in the current stomach-churning swings. Corporate earnings and economic fundamentals are on firmer ground than in 2007, when stock volatility presaged a bear market — ...

US economy surged at 3.7 percent rate in April-June quarter

By The Associated Press
WASHINGTON — The U.S. economy posted a much bigger rebound in growth during the spring than previously reported, thanks to improvements in a number of areas including consumer spending and business investment. The Commerce Department says the economy expanded at …

BNY Mellon works to overcome computer glitch in investment calculations

By Chris Fleisher
Bank of New York Mellon Corp. said a computer glitch affected its ability to calculate the value of mutual funds and some other investment products this week, an issue that may have caused problems for many small investors because it ...

Dish and Sinclair agree in principle on new contract

By The Associated Press
Dish Network and Sinclair Broadcast Group, one of the largest TV broadcasters in the U.S., said Wednesday they’ve agreed on the outline of a new contract, one day after Sinclair’s channels went dark for Dish customers, including 100,000 in the ...

Oilfield giant Schlumberger to purchase Cameron in $12.71B deal

By The Associated Press
HOUSTON — Schlumberger is buying Cameron in a cash-and-stock deal valued at about $12.71 billion that would produce an oilfield equipment and service powerhouse. Cameron was ...

Tentative settlement would leave some RadioShack gift card holders with nothing

By The Associated Press
WILMINGTON, Del. — The adage about looking a gift horse in the mouth may have a corollary regarding gift cards issued by retailers: Use it or lose it. In the latest case of gift card holders caught up in the bankruptcy ...

Fare wars spell relief for airline customers

By The Associated Press
ABOARD AMERICAN AIRLINES FLIGHT 1223 — Airline fare wars are making a comeback. Don’t expect widespread sales or cheap flights home for Thanksgiving, but prices are ...

Alleged keyless ignition danger triggers lawsuit by consumers

By Reuters
Ten of the world’s biggest automakers were sued Wednesday by consumers who claim they concealed the risks of carbon monoxide poisoning in more than 5 million vehicles equipped with keyless ignitions, leading to 13 deaths. According to the complaint filed in ...

Kraft Heinz recalls more than 2M pounds of turkey bacon

By The Associated Press
NEW YORK — Kraft Heinz Foods Co. is recalling more than 2 million pounds of turkey bacon products that may be unsafe because they could possibly spoil before the “Best When Used By” date. The US. Department of Agriculture’s Food ...

Dow, S&P, Nasdaq soar 4% despite China worries, but volatility expected to endure

Wire Reports 3:22 p.m.
This time, the Dow stuck its late-day dismount. The Dow Jones industrial average soared more than 600 points Wednesday, snapping a six-day losing streak and notching its third-largest daily point gain. The Dow, the Standard & Poor’s 500-stock index and ...

Small investors aren’t panicking over Wall Street plunge

By Chris Fleisher and Tory N. Parrish
If Wall Street has been sending messages of panic, people on Main Street don’t seem to care. A plummeting stock market has done little to rattle ...

S.W. Randall Toyes & Giftes of Pittsburgh’s owner finds joy in toys

By Tory N. Parrish
When it comes to selling toys, following the hottest trends doesn’t work, Jack Cohen says. The owner of S.W. Randall Toyes & Giftes, Downtown, a specialty ...

Marcellus shale drillers, Pa. settle 3 cases of fouling water supplies, pay $374K

By David Conti
Pennsylvania environmental regulators said Tuesday they have settled citations against three Marcellus shale gas drillers and collected a combined $374,000 for water pollution cases dating ...

Mylan trades another round of accusations with Perrigo

By David Conti
The leaders of Mylan NV and the Irish drugmaker that has spurned its takeover attempt traded another round of accusations as they continued their public battle for shareholders’ attention days before a key vote. In a letter released Tuesday, Perrigo CEO ...

Busy Beaver Home Improvement Centers join True Value co-op

By David Conti
Busy Beaver Home Improvement Centers hopes its new membership in the True Value co-op will help it expand into new markets. Customers can expect to see few changes, though, at the Harmar-based chain of 16 stores in Pennsylvania, Ohio and West ...

U.S. stocks extend losses as early rally fades

By The Associated Press
A rally in U.S. stocks evaporated in the minutes before the closing bell Tuesday, sending the Dow Jones industrial average down more than 200 points ...

Business Briefs

Roundup: Kraft Heinz recalls more than 2M pounds of turkey bacon; 2 key Mylan shareholders won’t participate in Perrigo vote; more

Staff and Wire Reports
Kraft Heinz recalls more than 2M pounds of turkey bacon Kraft Heinz Foods Co. is recalling more than 2 million pounds of turkey bacon products ...

Business Columnists

Jack Markowitz

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Markowitz: Snapshots of Europe: Open roads, winding lanes, hushed cathedrals beckon

Mile after mile through the golden farmlands of France and Germany, a tourist misses one thing: farmhouses. There are major …

John Browne

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Gold’s woes less than oil, other metals

The price of gold is at a five-year low. But it has fallen proportionately less than oil and even other …

John Dorfman

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Dorfman: No excuses as columnist’s 2014 stock selections prove disastrous

I have just experienced one of my worst performances ever as a stock-picking columnist. About twice a year, I recommend …

Chris Posti

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Reunion provides chance to reflect on choices then, now

In helping to organize my recent high school reunion, one of my duties was to put together a booklet of …

Kim Komando

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5 urgent questions about Windows 10 answered

It’s been about a month since Windows 10 launched and the early reviews are mostly positive. I’ve had readers report …

Real Estate

EPA awards $400,000 to spur brownfields development in Allegheny County

By Melissa Daniels
Before he took the podium, Mayor Bill Peduto gazed out the floor-to-ceiling windows at Homewood Station Senior Apartments, a new low-income, senior housing complex built on what used to be a brownfield. His eye caught a “for sale” sign in ...

Business Gallery

Business Gallery: August 23, 2015

By Tribune-Review
LEGAL Eileen M. Fairlie and Brandon M. Spleen joined Burns White LLC’s energy practice. OTHER ...