TribLIVE

| Business


Business Briefs

Business roundup: SEC fines Bank of America $7.65M for miscalculation; court-ordered anti-smoking ads challenged; more

By Staff and Wires
BofA to pay $7.65M to settle miscalculation of capital ratio Bank of America has agreed to a $7.65 million penalty to settle Securities and Exchange Commission charges stemming from the bank’s miscalculation of its capital ratios, the SEC said Monday. …

Roundup: PeoplExpress suspends flights, Pittsburgh route affected; Ford recalls 850K cars on short circuit concerns; more

By Staff and Wires
PeoplExpress suspends flights; Pittsburgh route affected Start-up airline PeoplExpress said it is suspending flights because of problems with its two aircraft and a crew shortage, but it hopes to resume flying next month. The Newport News, Va.-based airline said Friday …

Roundup: Chrysler recalls 350K cars; lowering credit card interest rate deceptively easy; more

By Wires
Chrysler recalls  350K vehicles  over faulty ignition Chrysler Group LLC, a unit of Fiat SpA, said it will recall about 350,000 vehicles from the 2008 …

Roundup: Consol/Noble raise $385M in IPO for pipeline spinoff; U.S. Steel preparing to sell Canadian business; more

By Staff and Wires
Consol/Noble raise $385M  in IPO for pipeline spinoff Consol Energy Inc. and gas drilling partner Noble Energy Inc. raised $385 million in their public offering of a spin-off that will operate gathering pipelines and related systems. Cone Midstream Partners, the …

Roundup: DEP fines Markwest $150K over flaring; Cadillac to ditch Detroit for trendy NYC address; more

By Staff and Wires
DEP fines MarkWest over improper flaring The operator of a natural gas processing facility in the heart of Washington County’s Marcellus shale fields agreed to pay more than $150,000 in state fines involving improper flaring and smoke from the plant. …

Change at Anchor Hocking

By Chris Fleisher
The struggling parent company of the Anchor Hocking glassware plant has replaced its chief financial officer after nearly being forced to close this summer because of financial problems. Bernard Peters resigned as executive vice president and CFO at EveryWare Global …

Business roundup: 10M units of latest iPhone sold in 1st weekend; GM ignition switch death count rises to 21; more

By Staff and Wire Reports
Apple sells 10M units of latest iPhone Apple sold more than 10 million units of the iPhone 6 and 6 Plus in the gadgets’ debut …

Marc USA acquires Boston-based Results:Digital

By John D. Oravecz
Marc USA, one of the region’s largest advertising companies, said on Friday it acquired Results: Digital in Boston to expand its digital media services. Terms of the deal were not disclosed. The transaction adds Boston to Marc offices in Chicago, …

U.S. Steel CFO tells analyst Carnegie Way is in third inning; Flight attendants reach tentative deal with AA; more

By Staff and Wires
U.S. Steel CFO says Carnegie Way is in ‘third inning’ U.S. Steel Corp.’s management believes the company is in the “third inning” of its Carnegie …

Roundup: GNC won’t comment on report of buyout interest; Ellison gives up Oracle CEO role, becomes chairman; more

By Staff and Wires
GNC: No comment  on buyout report Vitamin retailer GNC Holdings Inc. is receiving buyout interest from private equity firms and has talked with banks about its options, including a sale, according to a report in the Financial Times. GNC spokesman …

U.S. consumer prices fall 0.2% in August; Family Dollar fights Dollar General overture; more

By Staff and Wires
Consumer prices fell  0.2% in August Consumer prices edged down in August, the first monthly drop since the spring of 2013, as gasoline, airline tickets …

Westinghouse opens control center to coordinate reactor work

By Tribune-Review
Westinghouse Electric Co. last week opened its first high-tech control center to coordinate with field staff who are doing maintenance and other work at nuclear reactors across the country. The Cranberry-based company built the Westinghouse Outage Control Center, or WOCC, …

Roundup: Feds extend comment period on coal rules; Pa. considers $300,000 plan to clean polluted site in Kennedy; more

By Staff and Wires
EPA extends comment period on coal rules The Environmental Protection Agency is giving the public an extra 45 days to comment on proposed rules to …

Business roundup: Mylan reaches deal on hepatitis C drug; U.S. factory output drops; more

By Staff and Wire Reports
Mylan reaches deal  on hepatitis C drug Mylan Inc. is one of seven drugmakers to reach a licensing deal with Gilead Sciences Inc. to produce generic versions of an expensive hepatitis C drug in the developing world, such as India …

Roundup: Feds say Bayer colon supplement makes bogus claims; Ford recalls hybrid SUVs to fix stalling problem; more

By Wire Reports
Bayer colon supplement  makes bogus claims, feds say The federal government said Bayer is making unsupported claims in advertisements for its dietary supplement designed to help with digestion, in violation of a federal court order. The Department of Justice filed …

Roundup: Toyota recalls pickups to fix air bag problem; China fines Audi, Chrysler on monopoly charges; more

By Staff and Wires
Toyota recalls pickups to fix air bag problem Toyota is recalling about 140,000 Tundra full-size pickups because a plastic trim piece can interfere with the side air bags. The recall affects Crew-Max and Double Cab versions in the United States, …

Roundup: Mylan acquires drug rights for $300M; 4moms raises $41 million in new funding;

By Staff and Wires
Mylan acquires anti-clot drug rights for $300M Mylan Inc. is paying $300 million to acquire a drug that prevents blood clots during surgery. Mylan said …

Roundup: Complaint leads to probe of minivan stalling issue; Apple is looking to expand local operations; more

By Staff and Wires
Complaint leads to probe  of minivan stalling issue A man’s complaint that his Chrysler minivan stalled unexpectedly after refueling has brought an inquiry from federal …

Roundup: Marcellus gas production expected to set record in October; Home Depot confirms breach; more

By From Staff and Wires
Marcellus expected  to set record gas production in October Gas production from the Marcellus shale will continue to reach record levels through at least October, federal analysts said on Monday. The Energy Information Administration expects output from the country’s biggest …

Roundup: EDMC finalizes debt restructuring; Shell applies for dock permits at petrochemical site; more

By Staff and Wires
EDMC finalizes deal to restructure its debt Education Management Corp. has finalized a deal to restructure its debt after winning the backing of nearly all of its creditors. The Downtown-based operator of private post-secondary educational institutions announced on Friday that lenders …