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Roundup: U.S. Steel’s stock soars to a three-year high; Casey pushes administration for action on tax inversion deals; more

By Staff and Wires
U.S. Steel’s  stock soars  to 3-year high U.S. Steel Corp.’s stock soared nearly 20 percent to a three-year high on Wednesday, a day after it reported an improved bottom line that beat analysts’ estimates and a stronger forecast for the …

Bayer posts higher sales, earnings

By Bloomberg News
Bayer AG’s second-quarter operating earnings rose on improved sales of new heart, cancer and eye drugs even as a stronger euro and the weaker performance of older products restrained profit. Earnings climbed 1 percent to $2.95 billion, the Leverkusen, Germany-based …

Roundup: Study finds 35 percent in U.S. facing debt collectors; JPMorgan paying $650K to settle CFTC charges; more

By Staff and Wires
Study: 35%  in U.S. target  of debt collectors More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study released on Tuesday by the Urban Institute. These consumers fall …

Roundup: Range Resources increases profits to $171.4 million in Q2; Zillow to buy Trulia; more

By Staff and Wires
Quarterly profits rise for Range Resources Range Resources Corp. continued to increase its profits by bolstering its gas well production in the Marcellus shale despite pipeline and processing glitches. The Fort Worth company with a regional headquarters in Cecil posted …

Roundup: Citizens Bank parent says 6-month profit doubles; Former Heinz CEO leaving EDMC board; more

By Staff and Wires
Citizens Bank parent 6-month profit doubles; cost-cutting on track Royal Bank of Scotland Group Plc said first-half profit almost doubled as impairment charges fell and forecast it will meet a cost-cutting target of $1.7 billion in 2014. Britain’s largest state-owned …

Roundup: Wabtec 2Q profit jumps 18.9%; American Airlines boosts profit on higher revenue; more

By Staff and Wires
Wabtec 2Q profit jumps 18.9%; raises forecast for year Rail supplier Wabtec Corp. on Thursday posted an 18.9 percent increase in second-quarter profit because of strong growth in both its freight car and transit technology segments. Net income was $88.7 …

MSA Safety posts drop in profit

By Alex Nixon
MSA Safety Inc., a Cranberry-based maker of safety equipment, said its profit in the second quarter dropped on lower sales. Net income in the April-June quarter was $22.5 million, or 59 cents a share, down 6 percent from $24 million, …

Roundup: Retail trade group reduces annual sales forecast; Anchor gets another extension from lenders; more

By Staff and Wires
Retail trade group reduces annual sales forecast The nation’s largest retail trade group has pared its annual sales forecast because of slower-than-expected growth during the first half of the year tied to winter storms and lingering economic woes. The Washington-based …

Roundup: Expansion helps drive FNB profit higher; Goodwill, feds investigate possible data breach; more

By Staff and Wires
Expansion helps drive  FNB profit higher FNB Corp. reported higher profits in the second quarter. The North Shore-based parent of First National Bank of Pennsylvania said net income was $32.8 million, or 20 cents per share, compared with $29.2 million, …

Expansion helps drive FNB profit higher

By Chris Fleisher
FNB Corp. reported higher profits in the second quarter. The North Shore-based parent of First National Bank of Pennsylvania said net income was $32.8 million, or 20 cents per share, compared with $29.2 million, or 20 cents per share, from …

Roundup: Halliburton to add North American fracking crews; Verizon starts rewards program with tracking; more

By Wires
Halliburton to add North American fracking crews Halliburton Co. expects continued improvement in the North American hydraulic fracturing market and is “immediately” adding crews to begin work later this year. The world’s largest provider of the service expects third-quarter operating …

Roundup: Anchor Hocking union rejects pact again; area housing sales rise; more

By Tribune-Review
Anchor Hocking union  rejects contract again The stalemate at Anchor Hocking continued on Friday as workers in Monaca rejected concessions from the company for the third time. Union members narrowly voted down revisions to an amended contract from the glassware …

CBS interested in CNN if available

By Bloomberg News
Leslie Moonves said his CBS Corp. is interested in buying the CNN news channel if it becomes available. Moonves said during a Television   Critics Association event in Beverly Hills that he has discussed “doing something with CNN,” the cable …

Art collector gets 422 million AmEx points with purchase

By Bloomberg News
A Chinese collector who bought an ancient Chinese ceramic cup for a record $36 million at auction in April got an unexpected bonus when he paid for it — nearly 422 million American Express points. Liu Yiqian, who used his …

SUVs become America’s most popular vehicle

By The Los Angeles Times
The SUV is the new family sedan. For the first time, SUVs and crossovers have replaced sedans as the most popular style of vehicle in the United States, according to new vehicle registrations collected by IHS Automotive for the first …

UPS further expands early delivery service

By The Atlanta Journal-constitution
UPS said it is further expanding early morning deliveries to boost its competitive position with FedEx. The Atlanta-based shipping giant said it is adding hundreds more ZIP codes that can get deliveries by 8 a.m. and 10:30 a.m. UPS said …

Roundup: Commerce imposes penalties on steel imports; Mylan wins injunction in fight over generic Paxil; more

By Staff and Wires
Commerce Department imposes penalties on steel imports The Department of Commerce on Thursday issued final penalties on steel imports from Germany, Japan and Poland of grain-oriented electrical steel used in transformers and motors. The trade case was filed in September …

Roundup: Franktuary will close original Pittsburgh location; Homebuilder confidence surges in July; more

By Staff and Wires
Franktuary to close original Pittsburgh site Gourmet hot dog shop Franktuary will close its original lunch-counter location in Trinity Episcopal Cathedral, Downtown, on July 23 to concentrate on its full-service bar and restaurant in Lawrenceville, co-owner Tim Tobitsch said on …

Fab Universal posts quarterly loss, says business model is changing

By John D. Oravecz
Fab Universal Corp., whose shares were suspended since November amid questions about its business, reported a first-quarter loss on Wednesday of $1.9 million because of foreign currency translation. The Oakland-based company, which was scheduled for a hearing on Wednesday to …

Roundup: Falling gas price gives drivers a break; EQT leases office space at Southpointe; more

By Staff and Wires
Fall in gas prices likely to continue The break drivers are catching at the gas pumps should continue for the next several weeks, analysts say. Gasoline prices dropped about 5 cents from last week in Western Pennsylvania to an average …