Business

Allegheny Health Network CEO embraces challenges of hospital system management

Cynthia Hundorfean spent more than 30 years just up the road in Cleveland, but she hadn't experienced the welcome mat of Pittsburgh's skyline as a ...
Summer hiring spurs dip in Pittsburgh unemployment rate
The greater Pittsburgh region's unemployment rate declined in May as restaurants and hotels ramped up hiring for the summer. The seven-county Pittsburgh region added 2,900 nonfarm ...
Dollar Bank merges with Virginia banking chain
Dollar Bank is expanding into Virginia with its first merger in more than three decades. The Downtown-based bank announced Tuesday it was merging with Bank @lantec, ...
Roadblocks present for petrochemical expansion in region
Attracting companies such as Royal Dutch Shell to build their petrochemical plants along the Ohio River was the easy part, as far as Keith Burdette ...
PPG transfers obligations for retiree pensions to insurers
PPG Industries Inc. is transferring pension obligations for 13,400 retirees to two insurance companies as the Downtown-based paint producer looks to eliminate its responsibility for ...
Brexit effect ripples through Europe, threatens alliances
WASHINGTON — Britain's decision to bolt the European Union means economic pain for the United Kingdom above all. But it also threatens the economic alliances ...
Stocks, pound fall again amid investor jitters sparked by Brexit
Investor jitters over the economic fallout of Britain's vote to leave the European Union sent U.S. stocks sharply lower on Monday. The latest slump ...
Treasury Secretary Lew denies financial crisis developing
WASHINGTON — U.S. Treasury Secretary Jacob Lew says the decision of British voters to leave the European Union is "an additional headwind" for the U.S. ...
Diet Pepsi with aspartame to make its return
NEW YORK — Diet Pepsi made with aspartame is returning to shelves in the United States, after PepsiCo saw sales plummet following its reformulation of ...
Medical costs rise from 2009-13
Average out-of-pocket costs for hospitalization went up for people in the United States with insurance between 2009 and 2013, due largely to increasing deductibles and ...
Smaller, private drillers flex leaner muscles during downturn
In a shale gas industry known for big drilling rigs and boastful claims about monster wells, Callum Streeter values a more low-key approach. "We're not putting ...
In rarity, investors don't buy what Musk is selling
Elon Musk is accustomed to shareholders snapping up whatever his Tesla Motors Inc. has to sell. His plan to merge the electric-car maker with struggling ...
Businesses cutting rising costs by self-insuring
After years of facing steeply rising health insurance premiums at his family's commercial construction company, Bryan Reiser was surprised to find a plan that cut ...
Are you a work martyr? You'd better beware
Use it or lose it. If you're like many American workers, you are throwing away your paid time off. According to Project: Time Off, an organization ...
Uber, Lyft fight push for driver scrutiny
Hailing a ride with a smartphone app in many U.S. cities is coming down to a fight over fingerprints. Following incidents in which Uber drivers ...
Self-driving vehicles present dilemma for insurance companies
As the driverless car gets closer to reality, so does the dilemma of how to insure the car and its owner. The auto insurance industry faces ...
Oil companies aim to limit costs
The biggest oil-industry downturn in a generation has companies collaborating in ways they never thought possible. In this global effort, one of the world's most expensive ...
Q&A: Betting on Internet commerce in emerging markets
LOS ANGELES — Funds that focus on companies that serve emerging markets have been mostly faring better after a rocky start to the year and ...
British exit wipes out $1.75T , throws financial world into gray area
Britain's unexpected decision to leave the European Union spooked investors around the world Friday and stoked concerns about the repercussions for the global economy and ...
Clerical errors vex fliers enrolled in expedited screening programs
NEW YORK — Thousands of fliers enrolled in trusted traveler programs such as PreCheck aren't getting the expedited screening they paid for because of clerical ...

A blog by David Conti