Bottom Dollar Food store planned for Homestead
Homestead could get a Bottom Dollar Food store in 2013. The discount grocery chain's 14th store in the Pittsburgh region is planned for a site at the corner of Seventh Avenue and Amity Street. The chain acquired the property for $975,000, according to deeds filed in Allegheny County, but because the purchase was just completed there are no specifics on when the store might open, said Bottom Dollar Food spokeswoman Tenisha Waldo. One of the properties purchased was the former Bev-O-Matic building at 610 Amity St., along with properties on adjacent streets.
Branding Brand secures $7.5M in funding
Mobile commerce platform Branding Brand of the South Side said Friday it obtained $7.5 million in funding led by Insight Venture Partners, with CrunchFund and Eastern Advisors taking part. The company founded in 2008 said it will use the money — its first outside investment — to scale customer acquisition, technology development and operations. Branding Brand develops mobile applications and other products for major retailers such as American Eagle Outfitters, Costco and Ralph Lauren.
Retailers fight credit card settlement in alleged fee fix
A group of retailers and trade groups is trying to stop a settlement worth at least $6 billion that Visa Inc., MasterCard Inc. and major banks have agreed to pay retailers for alleged fee fixing. Ten out of the 19 retailers and trade groups that are parties to a class-action lawsuit against the credit card companies say they believe the deal would allow the credit card industry to continue to take advantage of merchants and their customers while stopping competition. The proposed settlement, expected to be submitted to the U.S. District Court in Brooklyn by Oct. 19, allows stores to charge customers more if they pay with credit cards.
Heckmann Corp.'s acquisition gets antitrust clearance
Federal antitrust regulators have cleared Heckmann Corp.'s $381 million acquisition of Badlands Energy LLC. Coraopolis-based Heckmann said the Justice Department and the Federal Trade Commission terminated a waiting period under federal antitrust law, allowing the deal to proceed. Heckmann supplies, treats and disposes of water at hydraulic fracturing sites. Badlands, which does business as Power Fuels, is a privately held North Dakota-based company that provides environmental services to oil producers in the Bakken shale formation. In connection with the Badlands deal, which was announced last month, Heckmann also said it was moving its headquarters to Arizona, but would maintain offices in Coraopolis. Heckmann expects the Badlands deal to close by the end of November.
Sears' Hometown debuts
Shares of Sears Holdings Corp.'s spinoff of its Hometown and Outlet Stores rose on their debut trading day Friday. The Hoffman Estates, Ill., company, which runs Kmart and Sears stores, had signaled in February that it would split off Sears Hometown and Outlet Stores Inc. as a separate publicly traded entity. Sears Holdings' Sears Hometown, which traded on the Nasdaq on Friday under the “SHOS” ticker symbol, rose $1.68 to $30.68 from the premarket price of $29. In Western Pennsylvania, Outlet stores are in Monroeville, Bridgeville and Lawrenceville, while there is a Hometown store in Harmony, Butler County.
Business park to expand
The Fay-Penn Economic Development Council will construct two buildings in the Fayette Business Park to accommodate multiple tenants, using a $958,000 loan secured through the Pennsylvania Industrial Development Authority. The buildings will total 27,000 square feet, and the project is expected to create 30 jobs at the site in Smithfield. The space will be marketed to manufacturing companies. The 15-year loan is at 2.25 percent interest.
— Staff and wire reports
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- EPA says it won’t reguluate coal ash as hazardous waste
- Real estate union: Howard Hanna buys Langholz Wilson Ellis
- Asked about Cuban cigars’ availability, retailers point to trade embargo
- ExOne Co. moves solidify authority under CEO
- Treasury turns profit as it exits GM bailout
- Americans support strict rules for drones in poll
- Stock market closes 2nd best week of 2014
- Signs point to gauge, an easy fix
- Some in Western Pa. affected by Staples data breach
- CR-V popular, fuel-efficient
- Pennsylvania jobless rate drops to 5.1 percent