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Wesco income dips on weather, lower demand

By Tribune-Review
Wesco International Inc. said its net income in the first quarter fell 9 percent on reduced demand from industrial customers and the impact of winter weather on building projects. The South Side-based supplier of electrical products reported net income of $47 ...

Roundup: American Eagle Outfitters to close Marshall facility in July; more

Staff and Wire Reports
American Eagle facility  in Marshall to close in July American Eagle Outfitters will close a distribution center in Marshall where 200 people work at the end of July. The South Side-based teen apparel retailer announced the closure two years ago ...

Roundup: Higher gas prices spark modest inflation in March; Don’t plan to line up for Apple Watch next week; more

Wire Reports
Higher gas prices spark modest rise in inflation Rising gas prices in March led to a slight increase in inflation, a sign that ...

Roundup: Schlumberger plans to cut 11,000 more jobs as profit drops; VW recalls Chrysler-made minivans to fix ignition switches; more

From Staff and Wire Reports
Schlumberger plans  to cut 11,000 jobs Schlumberger Ltd., the world’s largest oilfield services provider, reported its lowest first-quarter profit in four years and announced 11,000 more job cuts because customers slashed spending in response to tumbling crude prices. The ...

Roundup: U.S. Steel promotes two executives; Homebuilders’ outlook for spring upbeat; more

Staff and Wire Reports
U.S. Steel to promote 2 executives U.S. Steel Corp. will promote two executives with the retirement of George Babcoke, who was senior vice president of the steelmaker’s European Solutions division and president of its Kosice plant in Slovakia. Babcoke, who ...

Roundup: Murray Energy lays off 200 workers at West Virginia mines; Investor settles lawsuit over ex-Chesapeake CEO; more

Staff and Wire Reports
Murray Energy lays off 200 at West Virginia coal mines A Murray Energy subsidiary says it has laid off 200 workers at three underground ...

Business roundup: Oil production expected to decline; more

From Staff and Wire Reports
Agency forecasts drop in shale oil output The shale oil boom that pushed crude production to the highest level in four decades is grinding to a halt. Output from the prolific tight-rock formations, such as North Dakota’s Bakken shale, ...

Roundup: Wesco pays CEO Engel $5.8M in 2014; GE pares off financial unit and returns to industrial roots; more

From Staff and Wire Reports
Wesco paid CEO $5.8M in 2014 Wesco International Inc. CEO John Engel was paid $5.8 million last year, unchanged from 2013, according to the company’s annual proxy filed with the Securities and Exchange Commission. The South Side-based electrical products ...

Roundup: Highmark’s Holmberg paid $2.1M last year; Sabra recalls hummus over Listeria concerns; more

Staff and Wire Reports
Highmark’s Holmberg paid $2.1M last year Highmark Health CEO David Holmberg was paid $2.1 million last year, significantly less than his predecessor, ...

Roundup: FAA approves step toward combining American, US Airways; AT&T paying $25M to settle US action over data breaches; more

From Wire Reports
American, US Airways take step toward unification American Airlines is marking a merger milestone and US Airways is one step closer toward extinction. The Federal ...

Business roundup: Mylan to sell generic contraceptive; Buffett buying into Axalta; Revel deal completed; more

Staff and Wire Reports
Mylan to begin sales of popular oral contraceptive Mylan NV started selling a generic version of oral contraceptive Generess Fe after Famy Care Ltd., an ...

Business roundup: Consol receives sustainability certification from shale group; more

Staff and Wire Reports
Consol meets sustainability standards Consol Energy Inc. became the third natural gas producer to earn certification from a Downtown partnership between drillers and environmentalists that sets voluntary standards for protecting air and water. The Cecil-based coal and gas company, which ...

Roundup: Patriot Coal President and CEO Hatfield resigns; Court won’t reconsider decision on Wall Street insider trading; more

Wire Reports
Patriot Coal loses president/CEO Patriot Coal, which operates in the Appalachian coal region, said Friday that President and CEO Bennett K. Hatfield has resigned. The company has named Robert W. Bennett, senior vice president and chief marketing officer, ...

Roundup: State prosecutors push Congress to examine herbal supplement industry; Judge OKs sale of Revel casino to Florida developer; more

From Wire Reports
States push Congress  to examine herbal supplement industry Attorneys general from 14 states are calling on Congress to investigate the herbal supplements industry in response ...

Roundup: MSA Safety CEO received $5.4M in compensation last year; Rex to partner with Boston company on Butler wells; more

Staff and Wire Reports
MSA Safety CEO got $5.4M in compensation last year MSA Safety Inc. CEO William Lambert received total compensation of $5.4 million last year, a 46 percent increase primarily because of the higher value of his pension, the company disclosed in ...

Business roundup: DEP to hold 1st hearing on Shell permit for cracker plant; more

Staff and Wire Reports
DEP to hold hearing on Shell plant plan The Department of Environmental protection has scheduled its first public hearing on Royal Dutch Shell’s application for an air quality permit for a possible petrochemical plant in Beaver County. The air quality permit ...

Roundup: Sunoco gas station at Pittsburgh airport to close for upgrades; Google, Johnson & Johnson team up to build robot surgeons; more

Staff and Wire Reports
Pittsburgh airport Sunoco  to close for upgrades The gas station at Pittsburgh International Airport will close for about six weeks April 6 while Sunoco ...

Roundup: Headhunter reportedly solicits candidates to replace BNY Mellon CEO ; Yahoo says it will buy back $2B in stock; more

Wire Reports
Report: Headhunter solicits candidates  for BNY Mellon CEO At the prompting of at least one director of Bank of New York Mellon Corp, an executive recruiting firm has come up with a list of potential candidates to replace embattled ...

Roundup: Comcast says $45B Time Warner Cable deal to take longer; PayPal to pay $7.7M in sanctions violations settlement; more

From Wire Reports
Comcast says $45B Time Warner acquisition delayed by FCC review Comcast said its $45 billion purchase of Time Warner Cable could take longer than expected ...

Roundup: Comcast gets social to shake bad customer-service reputation; US Airways frequent-flier accounts to be folded into American Airlines; more

Staff and Wire Reports
Comcast bolsters  social media crew Comcast is adding more social media representatives as it tries to work on its reputation for inefficient, unresponsive or ...