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Business Briefs

Roundup: AEO promotes two executives to lead brands; Target plans $2b in cost-cutting moves; more

From Staff and Wire Reports
AEO promotes 2 executives American Eagle Outfitters Inc., which hasn’t had a permanent CEO in more than a year, promoted two of its executives to ...

Business roundup: W.Pa. gasoline prices rise nearly 9 cents in week; more

Staff and Wire Reports
W.Pa. gas prices up nearly 9 cents during past week The spike in gasoline prices continues, prompted by refinery maintenance and shutdowns that could continue for several weeks. The average price at Western Pennsylvania pumps rose nearly 9 cents per gallon ...

Roundup: Fiat Chrysler recalls 467K SUVs for possible stalling; signed contracts to buy U.S. homes rise to 18-month high; more

From Wire Reports
Fiat Chrysler recalls 467K SUVs for possible stalling Fiat Chrysler is recalling more than 467,000 Dodge and Jeep SUVs worldwide to fix a faulty fuel pump relay at the root of a potential stalling problem. It’s the same problem that ...

Roundup: U.S. Steel to idle Gary Works coke plant, displacing 300; Drager plans to close local operation and lay off 150; more

Staff and Wire Reports
U.S. Steel to idle Gary Works coke plant U.S. Steel will close the coke-making plant at its Gary Works, displacing about 300 workers. Company ...

Roundup: American Express raises interest rates on some credit cards; Radio Disney selling Pittsburgh AM station; more

Staff and Wire Reports
AmEx raises interest rates on some credit cards American Express is increasing the interest rate on some of its credit card accounts by an average ...

Radio Disney selling Pittsburgh AM station

By Patrick Cloonan
Salem Media Group is buying WDDZ (AM 1250) in Pittsburgh for $1 million from Radio Disney. In an application filed Monday with the Federal Communications Commission, Radio Disney sought to assign the 5,000-watt station to Salem, which also owns WPIT …

Roundup: Horsehead narrows 4Q loss; Fewer homes for sale led to higher prices in December; more

Staff and Wire Reports
Horsehead narrows  quarterly loss to $4.1M Horsehead Holding Corp. narrowed its loss in the fourth quarter on higher revenue and said production is ramping up ...

Business roundup: Western Pennsylvania gasoline prices creeping up; more

Staff and Wire Reports
Gas prices climb in W.Pa. Gasoline prices in Western Pennsylvania continued their February climb, though at a slower pace than prices on the West Coast. The average price in the region rose 4.3 cents to $2.40 per gallon during the ...

Wall Street employment declines for 4th straight year

Staff and Wire Reports
Cabot to cut number of drill rigs in Marcellus Cabot Oil & Gas Corp. will reduce its gas drilling rig count in ...

Roundup: Kennametal’s CFO to retire at the end of March; Profit rises 10 percent at Calgon Carbon; more

From Staff and Wire Reports
Range Resources closes Oklahoma office, lays off 60 Range Resources Corp. this week closed its Oklahoma City office and laid off 60 workers there as it copes with low oil prices. An additional 30 employees in the office that oversaw ...

Business roundup: NLRB sides with adjunct faculty in unionization vote at Duquesne University; more

Staff and Wire Reports
NLRB sides with adjunct faculty in vote at Duquesne The National Labor Relations Board denied Duquesne University’s appeal of an adjunct faculty unionization vote, tossing the issue back to the board’s regional office for consideration. Part-time faculty who teach on ...

Roundup: Insurer Anthem offers layers of identity theft protection; US allows imports of privately produced products from Cuba; more

Wire Reports
Insurer Anthem offers free ID theft protection Anthem Inc. is offering several levels of free identity theft protection to current and former customers dating back ...

Roundup: Cheaper gas lowers retail sales, spending up elsewhere; Darden Restaurants accused of discrimination; more

Wire Reports
Retail sales lower; spending up elsewhere Retail sales fell sharply last month as gas prices plummeted and auto sales slowed. But excluding those volatile categories, Americans stepped up their spending a bit. Retail sales dropped 0.8 percent in January, ...

Roundup: Pennsylvania to get $8 million for payday settlement; AstraZeneca to pay $7.9 million over kickback allegations; more

Staff and Wire Reports
Pa. to receive $8M  for payday settlement Payday lender Advance America will pay $8 million in restitution to Pennsylvania consumers to settle claims that the ...

Roundup: Wolf to outline severance tax proposal; Pennsylvania resumes processing TurboTax refunds; more

Staff and Wire Reports
Wolf to outline proposal for severance tax Gov. Tom Wolf plans to outline his severance tax proposal Wednesday morning during a tour of Caln Elementary ...

Business roundup: Heinz to offer ketchup flavored with sriracha; more

Staff and Wire Reports
Heinz to offer ketchup flavored with sriracha H.J. Heinz said Monday it plans to offer a ketchup flavor that includes the popular red Thai hot ...

Roundup: Pepperidge Farm recalls bagels due to allergy risk; Chinese units of major U.S. accounting firms settle with SEC; more

Wire Reports
Pepperidge Farm recalls bagels due to allergy risk Pepperidge Farm is recalling about 46,000 packages of bagels because they may contain peanuts or almonds that could set off a serious allergic reaction. The company said Friday that no illnesses ...

Roundup: GNC to pull 5 supplements in N.Y.; Seegrid emerges from bankruptcy protection; more

Staff and Wire Reports
GNC to pull 5 supplements  in N.Y. over quality questions GNC Holdings Inc. said it will remove bottles of five herbal supplements from its stores in New York as a result of an investigation by the state’s Attorney General that ...

Roundup: Petrobras says CEO stepping down amid corruption scandal; Businesses post steady job gains in January; more

Staff and Wire Reports
Petrobras CEO stepping down amid corruption scandal Embattled Brazilian oil company Petrobras said Wednesday the company’s chief executive officer and five other top figures stepped ...

Roundup: Energizer debuts recycled batteries; Buffett’s index fund outgains hedge funds; more

From Staff and Wire Reports
Energizer debuts recycled AA, AAA batteries Billions of household batteries make their way into landfills every year. One of the nation’s largest battery makers plans ...