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FedEx investing another $1.2B in growth projects at FedEx Ground in Moon

By John D. Oravecz
FedEx Corp. is trying not to spoil the holidays for anyone this year. The package delivery company will beef up seasonal hiring and expand its …

Contempt citation sought by state against Highmark for alleged violation of deal with UPMC

By Natasha Lindstrom
HARRISBURG — A Commonwealth Court judge on Wednesday mocked Western Pennsylvania’s two health care giants for being so adversarial they couldn’t even sit in the same room together to strike the summer deal that was supposed to mark a meaningful …

Highmark seeks double-digit increase for more benefits, heavy use

By Alex Nixon
Highmark Inc. wants to increase 2015 premiums by double-digits on its individual health policies, which nearly 180,000 people in Pennsylvania bought under the Affordable Care Act a year ago. The state’s largest health insurer is canceling most of its old …

SEC approves looser mortgage lending guidelines

By The Associated Press
WASHINGTON — Federal regulators are proceeding with new rules that ease guidelines for banks selling mortgage securities and could mean fewer borrowers will need to make hefty down payments. The Securities and Exchange Commission voted, 3-2, Wednesday to adopt the …

Consumer, core prices inch up

By The Associated Press
WASHINGTON — Consumer prices edged up slightly in September, with the overall increase held back by a third straight monthly decline in gasoline prices. The …

Air-bag deaths draw scrutiny of Congress as recalls widen

By Bloomberg News
The congressional investigators who dug into fatal defects in General Motors Co. and Toyota Motor Corp. cars are asking safety regulators to brief them about potentially deadly air bags. Staff from the House Energy and Commerce Committee, chaired by Michigan …

Nervous investors crunch stocks

By The Associated Press
NEW YORK — Stocks fell broadly on Wednesday, snapping a four-day winning streak for the Standard & Poor’s 500 index, as investors shaken by recent swings in the market sold some of their holdings. A slide in the price of …

Calgon Carbon poised for explosive growth

By John D. Oravecz
In a little more than two years as CEO of Calgon Carbon Corp., Randy Dearth has begun companywide restructuring and decided to move its headquarters …

Aesynt CEO gets technology council honors

By John D. Oravecz
Kraig McEwen of Aesynt Inc. in Cranberry, which makes automated drug distribution systems to help hospitals cut costs, was named CEO of the Year on Tuesday by the Pittsburgh Technology Council. The council honored 50 Western Pennsylvania companies in seven …

Amid struggles, top fiscal executive to leave EDMC

By Chris Fleisher
A top fiscal officer hired by Education Management Corp. a year ago has resigned as the beleaguered operator of for-profit colleges continues to fight a swell of financial and legal problems that threaten its business. Downtown-based EDMC disclosed late Monday …

Chevron puts $20M into educating, training Appalachian workers

By David Conti
Chevron Corp. is putting $20 million into an education initiative aimed at training a new generation of energy sector workers in 27 counties above the Marcellus and Utica shale plays in which it’s an active gas producer. “We’ve got to …

Butler Township moves to block drilling in residential areas

By Tribune-Review
Commissioners in Butler Township gave initial approval to a plan that would ban shale drilling in residential areas. Changes in the rules will not apply to drilling at the Krendale Golf Course, where commissioners last month approved a proposed well …

Allegheny Technologies reports $700,000 loss in 3Q

By John D. Oravecz
Costs of starting up Allegheny Technologies Inc.’s two major growth projects continue to be a drag on the company’s profit, but that is expected to gradually change beginning in 2015, CEO Rich Harshman said Tuesday. Commissioning and startup costs at …

Russian steel to lose duty shelter

By Reuters
WASHINGTON — The Department of Commerce will terminate a 15-year-old deal sheltering Russian flat-rolled steel producers from high import duties, it said in a letter to Russian authorities. In the letter published on Monday, the United States gave Russia 60 …

Rural communities can’t shake effects of subprime crisis

By The Associated Press
Long seen as having devastated Sun Belt cities, the subprime mortgage crisis unleashed turmoil on Ohio and other rural areas. Now federal officials are pledging …

High pollution levels found near Ohio gas wells

By The Associated Press
CLEVELAND — A study in a rural Ohio county where oil and gas drilling is booming found air pollution levels near well sites higher than those in downtown Chicago. A team from the University of Cincinnati and Oregon State University …

Turner channels removed from Dish amid contract dispute

By The Associated Press
ENGLEWOOD, Colo. — Channels such as Cartoon Network and CNN are no longer part of Dish’s programming lineup as a deadline has passed for the satellite TV provider and Turner Broadcasting to renew their distribution agreement. Dish Network Corp. said …

Market sell-off offers opening

By The Associated Press
NEW YORK — After more than five years of stock market gains, investors could be forgiven for worrying that big sell-offs may be the harbingers of bigger slumps. But, even as stocks were plunging last week, strategists and professional investors …

Stocks rally; S&P 500 has best day of 2014

By The Associated Press
NEW YORK — The U.S. stock market marched higher Tuesday, giving the Standard & Poor’s 500 index its best day of the year. Investors rallied behind an encouraging report on the Chinese economy as well as strong quarterly results from …

Natrona Bottling Co. keeps soda pop operation focused on craft, taste

By Chris Fleisher
Vito Gerasole pulled his Ford van into the garage, the pattering of a rebuilt engine echoing off cinder block walls. The 1964 Econoline looked new. …