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Business roundup: IBM ‘flatly denies’ report of mass layoffs; more

By Staff and Wire Reports 7:40 a.m.
Report of mass layoffs dismissed, called ‘baseless’ IBM on Monday dismissed a report that said the technology giant plans to lay off a quarter ...

Roundup: MasterCard to lift hold on US credit card swipes in Cuba; Monthly US rents keep climbing, especially in San Francisco; more

By Staff and Wires
MasterCard to handle transactions in Cuba MasterCard on Friday became the first major credit card company to say it will start handling U.S. card transactions in Cuba. Citing new guidance from the Department of Treasury, MasterCard said it will begin ...

Roundup: Beaver County power plant cleaning up spill into creek; Family Dollar shareholders approve sale to Dollar Tree; more

By Staff and Wires
Beaver County plant cleaning up spill A leak of thousands of gallons of a nontoxic scrubber material into a stream from a storage tank ...

Roundup: US home construction up 4.4 percent in December; Toyota remains top in global vehicle sales, beats VW, GM; more

By Staf and Wires
Home construction up 4.4% in December Construction of new homes rebounded in December, helping to push activity for the entire year to the highest level ...

Roundup: Koppers buys Texas chemicals company; Wal-Mart service allows tax payers to pick up cash refunds in stores; more

By Staff and Wires
Koppers buys Texas chemicals company Koppers Holdings Inc. said it acquired the creosote distribution business of KMG Chemicals Inc. of Houston for $12.5 million plus the value of inventory, estimated at $3.0 million. The transaction includes the transfer of leased ...

Business roundup: L.B. Foster acquires UK rail engineering company; more

By Staff and Wires
L.B. Foster acquires UK  rail engineering company Rail products maker L.B. Foster Co. acquired TEW Engineering Ltd. of Nottingham, United Kingdom, for an undisclosed price. ...

Roundup: Apple, Google, other tech firms to pay $415M in wage case; Google to stop consumer sales of Glass to redesign device; more

By Staff and Wires
Tech firms to pay  $415M in wage case Apple, Google and two other Silicon Valley companies have agreed to pay $415 million in a second ...

Roundup: Study finds high levels of toxic compounds in treated drilling waste; United Airlines returns jobs to Pittsburgh airport; more

By Staff and Wires
Toxic compounds found in treated wastewater Duke University researchers found high levels of ammonium and iodide in gas-drilling wastewater and in water discharged from ...

Roundup: EDMC to remain Downtown; New federal rule seeks to reduce machine-related coal deaths; more

By Staff and Wires
EDMC to stay Downtown Education Management Corp. is keeping its Downtown headquarters. The operator of for-profit colleges renewed its lease on 117,000 square feet ...

Business roundup: W.Pa. gasoline prices continue to slide; more

By Staff and Wire Reports
W.Pa. gas prices continue to slide Gasoline prices fell 11.3 cents in the Pittsburgh area during the past week, an online analyst reported Monday. The average price at the pump was $2.47 per gallon, according to GasBuddy.com’s latest survey of ...

Roundup: US businesses boost stockpiles modest 0.2 percent; Federal Reserve paid government record $98.7 billion in 2014; more

By Wires
Businesses boost stockpiles 0.2% Businesses added to their stockpiles at a slower pace in October as sales were weak for a third straight month. The Commerce Department said businesses boosted stockpiles 0.2 percent in October from a 0.3 percent ...

Roundup: J.C. Penney, Macy’s plan to close stores, none in Pittsburgh; Dick’s recalls inversion table; more

By Staff and Wires
J.C. Penney to close  39 stores nationwide; none in region J.C. Penney Co. will close 39 stores across the country over the next ...

Roundup: Groups sue EPA for answer on gas drilling reports; Walgreens to relocate offices to Findlay; more

By Staff and Wires
Environmental groups take EPA to court Nine environmental groups on Wednesday asked a federal judge in Washington to force the Environmental Protection Agency to respond to their request to make oil and gas drillers subject to a pollution reporting program. ...

Roundup: State regulators investigate fire at Consol well; Obama taps community banker for Fed board; more

By Staff and Wires
State regulators investigate fire  at Consol well State regulators are seeking more information about a small fire at a Washington County natural gas well owned ...

Business roundup: Employee stole client data, Morgan Stanley says; more

By Staff and Wires
Morgan Stanley: Client information stolen An employee of Morgan Stanley’s wealth management business stole information on about 350,000 clients and posted some of it on the Internet, the investment bank said Monday. The bank said it found the stolen ...

Roundup: Bottom Dollar stores to close by Jan. 15; McDonald’s campaign looks to rekindle ‘love”; more

By Staff and Wires
Bottom Dollar stores to close by Jan. 15 Pittsburgh-area residents no longer will be able to shop at their local Bottom Dollar after Jan. 15. The company announced Friday that it will close all of its stores in the ...

Roundup: FDA cites McKees Rocks food warehouse; Chick-fil-A investigates possible credit card breach; more

By Staff and Wires
FDA cites firm with warehouse in McKees Rocks New Yung Wah Trading Co., which has a warehouse in McKees Rocks, is under investigation by the Food and Drug Administration because a two-week inspection in October found rodent nests, carcasses and ...

Roundup: Ukraine buying fuel from Westinghouse; consumer confidence rises; more

By Tribune-Review
Russia calls Ukraine’s import of Westinghouse nuclear fuel risky Russia says Ukraine’s deal to buy nuclear fuel from Westinghouse Electric Co. for its Soviet-built reactors ...

Business roundup: Tepper expects S&P to gain in 2015; more

By Tribune-Review
S&P to gain up  to 10% in 2015, Tepper predicts Billionaire hedge-fund manager David Tepper said the Standard & Poor’s 500 Index could rise ...

Roundup: 20 states to raise minimum wage; BNY Mellon, other banks sued; more

By Tribune Review 9:32 a.m.
Minimum wage to rise in 20 states Jan. 1 The minimum wage will rise in 20 states and the District of Columbia on Thursday, as ...