TribLIVE

| Business


Business Briefs

Roundup: Alcoa sells stake in South Carolina smelter; Workers at U.S. Steel plant approve contract; more

By Staff and Wires
Alcoa to sell stake in South Carolina smelter Alcoa Inc. said Thursday it agreed to sell its stake in an aluminum smelter in Goose Creek, S.C., to Century Aluminum Co. for $67.5 million in cash, plus an amount dependent on …

Roundup: EPA says mileage inflated on 4 Mini Cooper models; Google unveils app for managing Gmail inboxes; more

By Staff and Wires
EPA: Gas mileage inflated on 4 Mini Cooper models The U.S. government has told BMW to reduce the gas mileage estimates on the window stickers …

Mylan, Abbott to proceed with merger

By Alex Nixon
Mylan Inc. and Abbott Laboratories will proceed with an all-stock deal that allows Cecil-based Mylan to reincorporate in the Netherlands despite attempts by U.S. regulators to clamp down on the so-called tax inversion deals. The generic drugmaker said in a …

Roundup: Courts refuse to halt state case against Highmark; Staples investigating possible data breach; more

By Staff and Wires
Courts refuse to halt state case against Highmark over decree A federal judge refused Tuesday to block the state from moving in Commonwealth Court to …

Roundup: U.S. agency warns car owners to get air bags fixed; Shell pipeline unit seeks as much as $787.5M in IPO; more

By Staff and Wires
Car owners warned to get  air bags fixed immediately Safety regulators are warning owners of more than 4.7 million vehicles that have been recalled for …

Roundup: Local venture capital investment increases; Profit declines at Huntington Bancshares; more

By Staff and Wires
Local venture capital deals on rise Backed by a strong market for stock offerings from venture capital-backed companies nationwide, investment this year by venture capitalists in Pittsburgh deals has reached the highest level since 2007. Five venture-backed deals of $6 …

Roundup: Sears in Frazer closing in January; Chrysler recalling nearly 907,000 cars, SUVs; more

By Wires
Sears at Pittsburgh Mills to close in January The Sears store and Auto Center at the Galleria at Pittsburgh Mills mall will close in mid-January, …

Roundup: Alcoa sells stake in Jamaica mining venture; Original Fish Market to be replaced by burger bar; more

By Staff and Wires
Alcoa sells stake in  Jamaica mining venture Alcoa Inc. said Wednesday it agreed to sell its stake in a bauxite mining and alumina refining joint venture in Jamaica to Noble Group Ltd. of Hong Kong for $140 million. Alcoa World …

Alcoa sells stake in Jamaica mining venture

By John D. Oravecz
Alcoa Inc. said on Wednesday it agreed to sell its stake in a bauxite mining and alumina refining joint venture in Jamaica to Noble Group Ltd. of Hong Kong for $140 million. Alcoa World Alumina and Chemicals, Alcoa’s 60 percent …

Original Fish Market to be replaced by burger bar

By John D. Oravecz
The Original Fish Market restaurant, a fixture at the Westin Convention Center Hotel at Liberty Center, will close on Nov. 2 and will be replaced in February by Bill’s Bar & Burger, as part of a $5 million renovation at …

Roundup: Authorities probe water dump in Wayneburg; Brayman names president; more

By Tribune-Review
Possible drilling water dump investigated State regulators are helping local authorities try to determine whether someone dumped 3,000 gallons of wastewater from gas drilling into …

Business roundup: W.Va. Marcellus jobs grow modestly as wages jump; more

By From Staff and Wire Reports
W.Va. oil, gas jobs grow modestly, but salaries jump West Virginia’s oil and gas industry grew by just 69 jobs in 2013, but average salaries …

Roundup: Kmart hit by data theft; Apple settles with Bose; more

By Tribune-Review
Kmart latest retailer  to report data theft Sears Holdings Corp. announced late Friday that it detected a data breach at its Kmart stores that started last month and that certain customers’ credit and debit card accounts have been hacked. The …

Roundup: Dairy Queen data breached; Iron Mountain to expand; more

By Tribune-Review
Dairy Queen says data breached at stores Dairy Queen said that its payment systems were breached by hackers who may have gained access to customer …

Roundup: Robotics firm wins $22.8M contract; Presbyterian SeniorCare expands; more

By Tribune-Review
Carnegie Robotics wins $22.8M Army contract Carnegie Robotics LLC was awarded a $22.8 million contract from the Army to develop an autonomous mine-detection system for military operations. The Lawrenceville-based company, founded in 2010, automates labor-intensive work using technology developed at …

Roundup: Bon-Ton closing Butler, W.Va. stores; CMU acquires building; more

By Tribune-Review
Bon-Ton to close  2 stores in Pa., W.Va. Bon-Ton Stores Inc. is closing two stores in Pennsylvania and West Virginia. The department store operator said it is closing its Clearview Mall store in Butler — one of its five locations …

Roundup: Redbox to halt streaming; Facebook closes WhatsApp deal; more

By Tribune-Review
Redbox, Verizon to pull plug on online streaming Redbox and Verizon Communications plan to shut down their unprofitable online competitor to Netflix on Tuesday night. Introduced publicly in March 2013, Redbox Instant charged $6 a month to stream movies online …

Redbox pulls plug on online streaming

By The Los Angeles Times
Redbox and Verizon Communications plan to shut down their unprofitable online competitor to Netflix on Tuesday night. Launched publicly in March 2013, Redbox Instant charged $6 a month to stream movies online or a few more dollars a month to …

Inquiry launched in possible Ford Fusion, Lincoln MKZ steering defect

By The Los Angeles Times
The National Highway Traffic Safety Administration has launched an investigation into a potential steering defect in Ford Fusion and Lincoln MKZ vehicles from the 2010 through 2012 model years. The inquiry covers about 940,000 cars, including the Mercury Milan from …

Corporate deals set to return to pre-crisis levels

By The Associated Press
After a year that’s been awash with multi-billion dollar deals, the number and value of mergers and acquisitions looks set to return to pre-crisis levels over the coming 12 months, consulting firm Ernst & Young said Monday. In its biannual …