Published: Saturday, June 29, 2013, 9:00 p.m.
THEY SAID IT
“Banks are sharpening up their pencils and specifically taking a look at which customers are profitable and which ones are not.”
— Richard Barrington, senior financial analyst for MoneyRates.com, on the trend of banks adding and increasing fees.
“The more supply, the groups we attract.”
— Rick Strunk, executive director of the Greater Pittsburgh Hotel Association, on news that a Downtown office building will be converted to a hotel.
“It's been a nightmare for them.”
— Charlie Speer, a Kansas City, Mo. attorney representing six Fayette County families suing over nuisance created by nearby natural gas wells.
NE Opco Inc., the parent of National Envelope, sought Chapter 11 bankruptcy protection for the second time in three years. The company, which employs 400 workers at a plant in East Huntingdon, said it is experiencing falling sales as consumers use email and online bill paying services rather than traditional mail.
The 3D printing industry gathered in Pittsburgh for a conference at the David L. Lawrence Convention Center, Downtown, as interest in the technology booms. 3D printing, which is primarily used to quickly prototype new aircraft parts or medical devices, is the process of creating solid objects from a computer file by laying down thin layers of plastic or metal one on top of another.
The number of homes facing foreclosure surged across Western Pennsylvania in May as lenders unloaded distressed properties to take advantage of rising property values. The seven-county Pittsburgh region had 898 homes in foreclosure last month, up 41 percent from May 2012, according to real estate information company Realty Trac.
H.J. Heinz Co. said it plans to lay off 45 workers at a factory in the United Kingdom as the ketchup maker reviews the efficiency of its operations. The announcement came less than a week after Heinz was bought by Warren Buffett's Berkshire Hathaway and 3G Capital, an investment firm known for aggressive cost cutting.
FNB Corp. acquired Baltimore banking company BCSB Bancorp Inc. in a transaction valued at $79 million. In its third deal in the last eight months, FNB picked up the parent of Baltimore County Savings Bank and added 16 branches and $560 million in deposits. It bought Annapolis Bancorp Inc., with eight branches, in October. And in February, FNB said it would acquire Park View Federal Savings Bank in Ohio for $106.4 million.
NUMBERS THAT COUNT
The price of Sony's latest Playstation gaming console, $100 less than the newest Xbox from Microsoft.
Number of acres Allegheny County Airport Authority leased to Dick's Sporting Goods for a headquarters expansion in Findlay.
Fine paid by Yellow Cab Co. by the state because a driver short-changed a customer.
Number of vehicles being recalled by Honda to fix problems with brakes.
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