| Business

Bayer produces blast-resistant safety glass for U.S. embassies

By John D. Oravecz
A Bayer chemist foresees myriad uses for the plastic in CDs and DVDs, including security protection for businesses and blast-resistant facades for American embassies. Bayer’s MaterialScience unit in Robinson is trying to sell the State Department on a version of …

Commerce imposes higher penalties on S. Korean drilling pipe; impact questioned

By John D. Oravecz 6:10 p.m.
The Department of Commerce imposed higher penalties on South Korean imports of pipe into the United States, an action sought by the industry and its supporters, but not enough to keep imports out, one analyst said. The action on Friday …

Highmark to switch its workers to high-deductible insurance plans

By Alex Nixon
Highmark Health, parent company of the state’s largest health insurer and Pittsburgh’s second-largest hospital network, plans to switch its 38,000 employees to high-deductible health plans. The move would be implemented in 2016 at the earliest, Maureen Cahill, a senior vice …

Senator Casey asks SEC about protection for American investors

By Andrew Conte
American investors face “significant risks” from Chinese Internet companies that use Cayman Island partners to trade on U.S. stock markets, Sen. Bob Casey Jr. said on Thursday. Casey, D-Scranton, sent a letter to the Securities and Exchange Commission this week …

Developers push for extended tax breaks on South Side Works proposals

By Aaron Aupperlee
Developers of proposed apartment complexes and parking at two vacant South Side Works sites say they need tax incentives to make their projects happen. Critics and other private developers say the projects have benefited from nearly 16 years of tax …

Ace Cash Express settles debt collection claims

By The Associated Press
Ace Cash Express Inc. has agreed to pay $10 million in a settlement with federal regulators over accusations the payday lender illegally harassed borrowers to collect debts and get them to take out additional loans. The Consumer Financial Protection Bureau …

Family Dollar profit falls 33%

By The Charlotte Observer
Family Dollar said Thursday that profit during its most recent quarter fell by a third, news that’s unlikely to help the discount retailer’s attempts to fend off an activist investor who wants the company sold. During a conference call with …

Nissan appears ready to crush the Cube

By USA Today
Nissan appears to be poised to let its once-cool Cube melt away. When it announced changes in its 2015 lineup this week, the Cube was conspicuously missing. The small crossover’s unusual design never caught on with potential buyers. While the …

UAW to form local for Tennessee VW

By The Associated Press
NASHVILLE, Tenn. — United Auto Workers leaders on Thursday said they reached a “consensus” with Volkswagen and expected that the German automaker would recognize the union if they sign up enough workers at a new local for the company’s assembly …

Pipeline spill cleanup may take weeks

By The Associated Press
A pipeline has leaked 1 million gallons of oil drilling saltwater into the ground at a North Dakota Indian reservation, and some of the byproduct ended up in a lake that provides the reservation with drinking water, company and tribal …

Feds target Amazon in suit over mobile apps for kids

By Reuters
WASHINGTON — The federal government sued on Thursday for allowing children to collectively run up millions of dollars in purchases on the credit cards of their unsuspecting parents while playing mobile apps such as “Tap Zoo” and “Ice Age …

Microsoft CEO shares plan for turnaround

By Bloomberg News
Microsoft Corp.’s Satya Nadella gave his first vision statement as chief executive officer, saying that more engineering and organizational changes are needed as he attempts to turn around the software maker. “We’ve got to back it up with products people …

Local, state officials urge PUC to give temporary permits to Uber, Lyft

By Tom Fontaine
Local political leaders and state legislators on Thursday asked the Pennsylvania Public Utility Commission to grant temporary permits allowing ride-share companies Uber and Lyft to …

European bank worries sucker-punch U.S. stocks

By The Associated Press
NEW YORK — Stocks fell on Thursday as worries about the soundness of a European bank spooked American investors, prompting them to sell stocks and snap up less risky assets such as gold and government bonds. Fears emerged overnight about …

Monaca braces for potential Anchor Hocking plant closing

By Chris Togneri
Beaver Valley residents have seen this episode before. Anchor Hocking glassware plant in Monaca and its union workers are fighting over concessions that management says …

2 top corporations move headquarters to Pittsburgh’s ‘dynamic marketplace’

By Chris Fleisher  and John D. Oravecz
Two regional companies announced Wednesday that they will make Pittsburgh their headquarters — beckoned from their suburban bases by a desire to be in a thriving big city that could help increase their profiles. Michael Baker International and the parent …

Business Briefs

Roundup: Unemployment aid applications fall to 304,000; wholesale inventories rise; more

By Wires
Fewer people file for unemployment benefits Fewer people sought unemployment benefits last week, driving down the level of applications to nearly the lowest in seven …

Business Columnists

Jack Markowitz

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America’s still best in first-class health care

We keep getting told the United States has fallen behind in this or that measure of health; that we don’t …

John Browne

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Judgment in markets political

A strong jobs report just before the Fourth of July sent the Dow Jones Industrial Average to a record close …

John Dorfman

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Dorfman: Perfect 10 Portfolio struts its stuff again

The phrase “Perfect 10” originally described a woman so beautiful that she rates a 10 on a ten-point scale. In …

Chris Posti

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Retirement in phases an option

I won’t say which one, but I just had a birthday roll around, and as a member of the baby …

Kim Komando

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Divorcing? 5 things to do online now

Just the other day, I saw a rant from a friend on my Facebook news feed. In seven sentences, she …

Real Estate

Need storage? Might have to sleep on that

By The Washington Post
Restoration Hardware’s catalogs might be getting bigger, but its furniture, if you can believe it, is shrinking. In 2012, the retailer responded to growing demand for lighter, leaner pieces by introducing a line of scaled-down furnishings. This year, its Small …

Business Gallery

Business Gallery for the week of July 6

By Tribune-Review
BANKING, FINANCE First National Bank of Pennsylvania promoted Ronald Manges to vice president and business development officer. S&T Bank promoted William Kametz to executive vice …