Roundup: Allegheny tops in liquor sales; Ex-MF Global directors must face fraud lawsuit; more
Allegheny tops in liquor sales
Allegheny County shoppers bought more wine and spirits than anyone else in the state last year, according to a report released on Tuesday by the state Liquor Control Board. The county topped 66 other counties with more than $260 million in sales, or 13.4 percent of sales statewide, compared to second-place Philadelphia, which posted sales of more than $231 million, or 11.9 percent. “More stores equate to more sales,” LCB spokeswoman Stacy Kriedeman said. There are 76 state liquor stores in Allegheny County versus 52 stores in Philadelphia County. Regionally, the southeastern part of the state, including Philadelphia and its surrounding counties, accounted for almost 39 percent of sales statewide, while the six-county Pittsburgh region, including Allegheny, Beaver, Butler, Fayette, Washington and Westmoreland counties, made up just shy of 21 percent of sales. The LCB's annual Retail Year in Review report ranks counties and stores by sales figures, details what products sell best and outlines the busiest times for state stores.
MF Global investors' suit ordered to trial
Former directors and officers of MF Global Holdings Ltd. were ordered to face a lawsuit claiming investors were defrauded in the collapse of the firm in 2011. U.S. District Judge Victor Marrero in Manhattan on Tuesday rejected a request from 23 defendants, including former MF Global Chairman and Chief Executive Officer Jon S. Corzine. Marrero said the investors, led by the Virginia Retirement System and the Canadian province of Alberta, showed compelling facts to proceed with their case. In January, the judge combined 12 investor lawsuits over the collapse of the firm and put Virginia and Alberta at the head. The state and Canadian province claimed losses of $19 million as a result of the collapse. MF Global filed the eighth-largest U.S. bankruptcy with $41 billion in assets on Oct. 31, after making bets on European sovereign debt and getting margin calls.
Allegheny General interim CEO resigns
Judy Zedreck, interim President and CEO of Allegheny General Hospital, has resigned, hospital officials said on Tuesday. Michael Harlovic, who is interim president at Allegheny Valley Hospital in Natrona Heights, will fill the post until a national search is completed, said Dan Laurent, spokesman for the Allegheny Health Network. Harlovic, who joined Allegheny Valley in 1992, will continue to serve as interim president at that facility. He has worked in several positions there including chief nursing officer and chief operating officer. Zedreck, whose last day will be Nov. 22, has been interim CEO at Allegheny General since September 2011.
CMU CyLab researchers get $3.9M grant
Researchers from Carnegie Mellon University's CyLab and the University of Pennsylvania received a four-year, $3.9 million grant from the Defense Advanced Research Projects Agency to improve the security of commercial technology used by the military. CyLab researcher David Brumley said researchers are studying how to improve commercial-off-the-shelf technology that remains vulnerable to attack from older vulnerabilities or hidden codes. Brumley is known for his contributions to addressing the challenges associated with malware, CMU said. Brumley and CyLab Director Virgil Gligor, a professor of electrical and computer engineering, will analyze each commercial system, such as wireless routers and printers, and make certain they are malware-free. CMU researchers say that plugging such devices into a network can significantly harm overall security.
ExOne names CFO, treasurer
ExOne Co. of North Huntingdon, maker of 3-D printers, on Tuesday named Brian W. Smith as chief financial officer and treasurer, effective Jan. 1. He will take over from John Irvin, 58, who will become special adviser to Chairman and CEO S. Kent Rockwell. Since joining ExOne in October 2012, Irvin oversaw the company's initial public stock offering in February. He will remain on the company's board of directors. Smith, 55, will join ExOne upon departing as a partner with PricewaterhouseCoopers in the firm's Pittsburgh office. Smith will receive an annual base salary of $275,000, bonus and 5,000 shares of stock, according to a securities filing. In 2012, Irvin received total compensation of $1.85 million, which included $1.76 million in stock and a salary of $62,033, a filing showed.
— Staff and wire reports