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Healthy PA expands number of recipients but cuts benefits

By Alex Nixon
Money-saving reforms in the state’s Medicaid program, along with a plan to provide health insurance coverage to more poor people in the state, come with a cost: reduced benefits. A day after the Obama administration approved a compromise version of …

Gas drilling company withdraws application for forced pooling in Western Pennsylvania

By John D. Oravecz
A fight over whether a Texas company can drill for oil and gas in Western Pennsylvania without consent from some landowners ended on Friday, a state regulator said, when the company withdrew its application for forced pooling. Hilcorp Energy Co. …

Trib 30 stock index gains 4.85% in August

By John D. Oravecz
Pittsburgh-area stocks rose, finishing with the biggest monthly gain since February. The Trib 30 stock index ended trading on Friday at 449.50, up 4.85 percent from July, when a market swoon late in the month erased gains for many area …

Hershey unwraps new corporate logo

By The Associated Press
The Hershey Company is rolling out a new corporate logo that features a stylized version of one of its most famous chocolate products. The candy maker on Friday announced the design, which adds a Kisses chocolate at the end of …

Google tests Project Wing drone delivery

By The Los Angeles Times
Google X — the lab responsible for Google Glass, Google’s self-driving cars and Google’s smart contact lenses — has announced its latest endeavor: self-flying delivery drones. Under the name Project Wing, Google is testing drones that can be pre-programmed with …

Fiat-Chrysler shares may hit market soon

By The Associated Press
U.S. investors should soon be able to buy stock in Chrysler for the first time in seven years. Italy’s Fiat and Chrysler are merging to form Fiat Chrysler Automobiles. Fiat said in a statement on Friday that an ongoing tally …

Consumer sentiment improves slightly in August

By The Associated Press
American consumer sentiment ticked up in August, driven by greater optimism about jobs, rising incomes and increasing wealth. The University of Michigan said its index of consumer sentiment rose to 82.5 from 81.8 in July. Still, it has barely risen …

Cadillac faces SUV challenge

By Mark Phelan
Amid General Motors’ confirmation of things we already knew — that Cadillac will add a super-luxury sedan in 2015 to compete with the Audi A8, BMW 7-series, Mercedes S-class and Lexus LS — don’t lose sight of the brand’s greater …

Dairy Queen victim of malware attack

By The Christian Science Monitor
The malware that caused a major breach for Target has struck again. Authorities are investigating the malware, known as “Backoff” that may have been found on the computer systems of some Dairy Queen restaurants. “We have been working on the situation …

Consumer spending dips 0.1% in July as auto sales pull back

By The Associated Press
WASHINGTON — Consumer spending fell in July, with a drop in auto purchases accounting for most of the weakness. Income growth also slowed. Consumer spending edged down 0.1 percent last month from a 0.4 percent increase in June, the Commerce …

Young adults drive home rental trend in Western Pennsylvania

By Sam Spatter
David Alligood found a good fit in a small apartment when he transferred to Pittsburgh to supervise 12 regional stores for Target. “I live in …

S&P races to August milestone

By The Associated Press
The Standard & Poor’s 500 index delivered its fourth high in five days on Friday, ending with the biggest monthly gain since February. The milestone-crushing run capped a week when the S&P eclipsed the 2,000-point mark for the first time. …

Government approves compromise on Corbett’s alternative Medicaid plan

By Alex Nixon and Brad Bumsted
The federal government approved a plan by Gov. Tom Corbett that provides health coverage to at least 500,000 Medicaid-eligible Pennsylvanians. Corbett, a Republican trailing in …

Study: Foreign students often leave Western Pa. after getting degrees

By Debra Erdley
Pittsburgh may be missing a potential economic boost because most international students leave the region when they get their degrees, a new study suggests. The study, released on Friday, ranked the Pittsburgh area as the 15th most-popular region in the …

Twitch.tv online network reveals value of video gaming market

By The Associated Press
NEW YORK — Video games have been a spectator sport since teenagers crowded around arcade machines to watch friends play “Pac-Man.” And for decades, kids have gathered in living rooms to marvel at how others master games such as “Street …

Auto market booming, but longer loan terms cause concern

By McClatchy Newspapers
WASHINGTON — Automobile sales are sizzling, in part because Americans increasingly are taking out longer and longer loans to purchase used and new vehicles. That American consumers are unleashing pent-up demand after holding off on buying new cars is good …

Banks’ earnings up 5.2% in 2Q

By The Associated Press
Earnings of the nation’s banks rose 5.2 percent in the April-June quarter from a year earlier, as the institutions reduced their expenses and lending marked its fastest growth since 2007. The data issued on Wednesday by the Federal Deposit Insurance …

Economy grew at brisk 4.2% rate in Q2

By The Associated Press
WASHINGTON — Despite a bleak start to the year, the nation’s economy grew at a brisk annual rate of 4.2 percent in the April-June quarter, the government said on Thursday, slightly faster than it had estimated. The upward revision supported …

Housing contracts rise as mortgage rates fall

By The Associated Press
More Americans signed contracts to buy homes in July, a sign that buying has improved as mortgage rates have slipped, the number of listings has risen and the rate of price increases has slowed. The National Association of Realtors said …

USDA updates dairy insurance program

By The Associated Press
Dairy farmers squeezed in recent years by low milk prices and high feed costs can begin signing up next week for a new program replacing old subsidies that didn’t factor in the price of corn. Sign-ups for the program will …