Business Briefs

Steel-coating company J.T. Thorpe & Son expanding in Ambridge

J.T. Thorpe & Son Inc. is expanding its operations in Western Pennsylvania by adding a facility in Ambridge, where the company coats structural steel in ...

Roundup: Kennametal CEO DeFeo to get $1M base salary plus bonus; merger, restructuring costs cut into First Niagara profit; more

New Kennametal CEO to draw $1M base salary, $200K bonus Kennametal Inc. plans to pay Ronald DeFeo, who was named CEO of the Downtown-based ...

Roundup: Texas jury orders Apple to pay $625.6 million in patent case; orders to U.S. factories fell sharply in December; more

Jury orders Apple to pay $625.6M in patent case A federal jury in East Texas has ordered Apple to pay $625.6 million after finding that ...

Roundup: Sumner Redstone resigns as chair of CBS; Wells Fargo to pay $1.2 billion to settle home loan case; more

Sumner Redstone resigns as chair of CBS Sumner Redstone, the ailing 92-year-old media mogul who controls media giants CBS and Viacom, has stepped down as ...

Roundup: Chipotle says criminal investigation widens; Google parent topples Apple as world's most valuable company; more

Criminal investigation widens, Chipotle says Chipotle said the scope of a previously disclosed federal criminal investigation has widened beyond a single restaurant in California. The Denver ...

Roundup: Dominion Resources buying Questar for about $4.4 billion; New federal coal mine dust rules taking effect; more

Dominion will acquire Questar for $4.4B Dominion Resources will spend about $4.4 billion to acquire Questar in a big reach to the West for ...

Roundup: Pa. pump price falls below $2 per gallon; Xerox to separate into 2 companies; more

Pa. pump price drops below $2 The average price of gasoline in Pennsylvania fell below $2 a gallon for the first time since March ...

Roundup: Weak demand, lower coal production cut CNX earnings; Global slump, high dollar drag down U.S. durable goods in December; more

CNX earnings drop almost 50% in 4Q Weak demand and lower production cut into profits at CNX Coal Resources, the partnership that Consol Energy spun ...

Roundup: Wendy's investigates 'unusual activity' on payment cards; Universal Stainless posts loss in 4th quarter; more

Wendy's investigates 'unusual activity' on payment cards Wendy's says it is investigating reports of "unusual activity" on payment cards that were used at some of ...

Roundup: Centene loses personal, health data of 950,000 members; JPMorgan to pay $1.42 billion to Lehman Brothers; more

Centene loses personal, health information for 950K members Health insurer Centene Corp. said it is missing half a dozen hard drives that contain the personal ...

Roundup: Williams Partners cuts 2016 capital budget by about $1B; more

Williams Partners cuts 2016 capital budget by $1B Pipeline operator Williams Partners LP, a master limited partnership of Williams Companies Inc., cut its 2016 ...

Roundup: U.S. home purchases rebounded in December; more

Home purchases rebound Home sales rebounded in December after new regulations had delayed the completion of purchases in November. And total sales in 2015 were ...

Roundup: W.Pa. housing market solid in 2015; FNB posts $37.1M quarterly profit; more

W.Pa. housing market made strong gains in 2015 Western Pennsylvania's housing market showed solid growth last year as sales and home prices increased, according ...

Roundup: EDMC to close 3 more schools, cut 41 jobs; 5 charged in alleged scheme to steal drug secrets; more

EDMC to close 3 more schools, cut 41 jobs Education Management Corp. is closing three more Art Institutes in a bid to cut costs. ...

Roundup: ATI to record $267M quarterly charge; CMU gets $1M federal grant for solar energy control system; more

ATI to record $267M quarterly charge Allegheny Technologies Inc.'s declining Flat Rolled Products business will weigh on the company's fourth-quarter results, the Downtown-based specialty-steel ...

Marty's Market closes in Pittsburgh's Strip District

Marty's Market, a small grocery store and eatery in the Strip District, has closed after nearly four years in business. The market opened on Smallman ...

Alcoa hires head of transportation business unit

Alcoa Inc. said it hired Karl Tragl as president of its Transportation and Construction Solutions Group, a business unit that makes aluminum wheels and building ...

Roundup: Transcripts of 2010 Fed meeting show concerns about leaks; Chipotle stores to open at 3 p.m. local time on Feb. 8; more

Fed was worried about leaks in 2010, transcripts show Transcripts released Friday show that in the fall of 2010, Federal Reserve officials were worried not ...

Roundup: EDMC says CFO will leave next month; Best Buy lowers 4Q sales outlook; more

CFO to step down next month, EDMC says The chief financial officer at Education Management Corp. is stepping down as the troubled operator of for-profit ...

Roundup: General Motors ups dividend, share buyback on strong outlook; more

GM increases dividend, share buyback General Motors said it will add $4 billion to its stock buyback program and raise its quarterly dividend 6 percent ...