By The Tribune-Review
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.
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.
- Harsh winter sets back Western Pa. maple harvest
- CVS suit could be test case
- ‘Boomerang’ buyers get another chance at homeownership
- Real estate goes techno
- PNC info sought in fraud investigation
- Diaper makers do due diligence
- Minorities crucial to filling Marcellus shale gas drilling jobs
- Beef costs reach record amid persisting drought
- Medicare enrollment shifts in Western Pennsylvania
- Obamacare enrollment has ‘lot of ground to cover’
- Lab develops sponges for oil spill cleanup