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Business roundup: American businesses increased stockpiles by 0.4 percent; Pittsburgh ranks fifth on list of safe investments; more

By Staff and Wires
Business stockpiles up 0.4 percent in February Businesses boosted their stockpiles in February as sales rebounded by the largest amount in nine months. Stockpiles increased 0.4 percent, following a similar 0.4 percent increase in January, the Commerce Department reported on …

Roundup: Sole Power named invention of the year; three firms share $265,000; more

By Tribune-Review
Unemployment claims fall  to lowest level since May 2007 Initial jobless claims plunged last week to their lowest level in nearly seven years, a sign that the labor market was picking up traction. The number of first-time claims for unemployment …

Family Dollar to close about 370 stores

By The Associated Press
Family Dollar plans to cut some jobs and close about 370 underperforming stores as it tries to reverse sagging sales and earnings. The discount store operator will lower prices on about 1,000 items. The retailer did not provide details on …

Toyota gas cars take gas-saving cue from hybrids

By The Associated Press
Toyota has developed an efficient gasoline engine using technology fine-tuned with gas-electric hybrids, in which the Japanese automaker is an industry leader. Toyota Motor Corp. said the engine will be rolled out in 14 models this year and next year. …

Airlines’ on-time record took a beating in February

By The Associated Press
The bad news for travelers is that airlines posted a terrible on-time performance in February, as winter storms fouled operations at several large airports. The good news is that no flights in the United States were stuck on airport tarmacs …

Nation’s oil reserves highest since 1976

By The Associated Press
Crude oil reserves in the United States grew for the fourth straight year, reaching the highest level since 1976, according to an Energy Department report. The report says reserves grew 4.5 billion barrels, or 15 percent, to 33 billion barrels …

Roundup: DISH agreement ends WTAE blackout; NRC won’t expand safety buffer around nuke plants; more

By Staff and Wires
Agreement with DISH ends WTAE blackout Hearst Television Inc. and DISH Network reached a transmission agreement on Wednesday that ended a temporary blackout for Hearst stations that DISH carried, including WTAE-TV in Pittsburgh. DISH began carrying the stations by early …

Roundup: Summer gas price to dip a penny; UPMC sells stake in Irish hospital; more

By Staff and Wires
Gas prices forecast to dip a penny Drivers will get the slightest of breaks on gasoline prices this summer, according to the Energy Department. The national average price is forecast to fall — by just one cent — to $3.57 …

Fab Universal faces delisting from NYSE

By John D. Oravecz
Fab Universal Corp. on Tuesday said it could be delisted from the New York Stock Exchange because it has not filed an important corporate document with the Securities and Exchange Commission. Fab, based in Oakland, said it was notified that …

Business roundup: Ford recalls nearly 435,000 vehicles; more

By Staff and Wires
Ford recalls nearly 435,000 vehicles Ford has recalled nearly 435,000 vehicles to fix rusting frame parts or faulty seats. The biggest of two recalls covers nearly 386,000 Ford Escapes from the 2001 through 2004 model years. Ford said the subframes …

Roundup: McDonald’s exits Crimea; Mazda recalling cars because spiders can damage fuel tank

By Wires
McDonald’s exits Crimea McDonald’s closed its three restaurants in Crimea as it evaluates the “evolving situation” on the Black Sea peninsula. The world’s biggest hamburger chain said on Friday that the closures were “strictly a business decision which has nothing …

Roundup: Westinghouse in talks to extend business in Ukraine; Aesynt acquires Italian company; more

By Staff and Wires
Westinghouse in discussions  to extend business in Ukraine Westinghouse Electric Co. is in talks with Ukraine to extend a nuclear fuel contract for three reactors in the European nation that is engaged in a territorial dispute with Russia, which opposed …

Roundup: Consol plans to restructure $1.5B in debt; Chrysler recalling 870,000 SUVs for brake defect; more

By Staff and Wires
Consol plans to restructure debt Consol Energy Inc. proposed restructuring  $1.5 billion in debt it took on in 2010 to help pay for the acquisition of natural gas exploration and production assets from Dominion Resources Inc. The Cecil-based natural gas …

Roundup: Westinghouse seeks $512M over canceled Fla. nuclear plants; U.S. construction spending up meager 0.1%; more

By Staff and Wires
Westinghouse sues Duke division Westinghouse Electric Co. of Cranberry claims in a federal lawsuit filed Monday that a Florida subsidiary of Duke Energy of Charlotte, N.C., owes it about $512 million after canceling a contract for two nuclear power plants. …

Business roundup: GM recalls 1.5 million cars for steering defect; more

By Staff and Wire Reports
GM recalls 1.5M cars for steering defect General Motors Co. said on Monday it is recalling 1.5 million vehicles worldwide because the electronic power-steering assist can suddenly stop working, making them harder to steer. The recall brings to 6.3 million …

Roundup: Pennsylania AG Kane warns of tax scam; Another year, another $1 for Google co-founders; more

By Staff and Wires
Pa. AG warns of tax scam Attorney General Kathleen Kane warned consumers of potential tax-return scams, especially one involving calls from people claiming to represent the Internal Revenue Service. Kane’s advisory, roughly two weeks before the IRS’ April 15 filing …

Roundup: New owners fires DynaVox CEO and board; Toyota recalls 119K Avalons; more

By Staff and Wires
Toyota recalls 119K Avalons for faulty air bags Toyota is recalling 119,000 Avalon sedans from the 2003 and 2004 model years because their air bags …

Roundup: Nissan recalls more than 1M vehicles for air bags; Durable goods orders up, but key category weakens; more

By Staff and Wires
Nissan recalls over 1M vehicles for air bags Nissan is recalling just over 1 million cars, SUVs and vans because the front passenger air bags may not inflate in a crash. It’s the company’s second recall to fix the same …

Roundup: JP Morgan’s ‘Mr. Fix-it’ is the latest departure; ‘Candy Crush Saga’ maker goes public in $500M IPO; more

By Staff and Wires
‘Mr. Fix-It’ latest departure of high-ranking exec at JPMorgan Another high-ranking executive at JPMorgan Chase is departing, one who had been considered a possible successor to CEO Jamie Dimon. Michael Cavanagh, who was co-CEO of the company’s corporate and investment …

Roundup: Alibaba invests $215M in Tango; Sales of existing homes slip to 19-month low; more

By Staff and Wires
Alibaba invests $215M in Tango Tango is joining the conga line of mobile messaging services that have turned into hot commodities as more people use them to communicate and share photos, music and other content. China’s Alibaba Group is making …