| Business

Hotels, restaurants lead job additions in Pittsburgh region

By Chris Fleisher 7:42 a.m.
Retailers, hotels and restaurants continue to lead job gains in the Pittsburgh area, a sign that consumers are feeling confident enough to spend money on entertainment. Employers in the seven-county Pittsburgh region added 5,400 nonfarm jobs in June and the seasonally adjusted unemployment rate fell two-tenths of a percentage point …

Chevron puts Moon HQ plans on hold

By David Conti and Alex Nixon 7:42 a.m.
Chevron Corp. put on indefinite hold its plan to possibly build a regional headquarters on land the company bought in Moon while it focuses on revenue-generating projects around the globe, the company said on Tuesday. The delay does not indicate …

Consol Energy posts $25 million loss despite gas gains

By David Conti 7:42 a.m.
Leaders at Consol Energy Inc. expressed optimism Tuesday in the company’s natural gas production and coal sales despite a widened loss in the latest quarter. “Our momentum continues to build,” CEO Nick DeIuliis said while discussing second-quarter results that the …

GNC revenue, sales drop, but vitamin retailer says plan in place

By Alex Nixon
GNC Holdings Inc. will try to wean shoppers off discounts and simplify pricing to combat declining sales, CEO Joe Fortunato said on Tuesday after the company reported a drop in revenue and falling same-store sales. The Downtown-based vitamin and supplement …

U.S. Steel’s 2Q loss beats analysts’ estimates

By John D. Oravecz
U.S. Steel Corp. on Tuesday reported better second-quarter results that beat analysts’ estimates, citing cost-cutting and improvements in a unit that makes flat-rolled sheet for autos and appliances. CEO Mario Longhi forecast even better results in the quarter that began …

Giant Eagle provides assistance to fight proposed Wal-Mart in McCandless

By Tory N. Parrish
McCandless Council’s approval of a Wal-Mart supercenter could be the start of a lengthy fight that has drawn in a competing grocery retailer. Giant Eagle “views with concern the potential adverse impact” on traffic that the store would have in …

Peduto says city dropped UPMC lawsuit to help nonprofit payment talks

By Bob Bauder
Pittsburgh cleared a major roadblock to negotiating yearly contributions from nonprofits by dropping a lawsuit against UPMC, but it also shed what promised to be costly, time-consuming litigation, experts said. Mayor Bill Peduto on Tuesday said the city took a …

Multimillion-dollar renovations to remake 1960s Pittsburgh apartments Downtown, on North Side

By Sam Spatter
Two of Pittsburgh’s major apartment complexes built in the 1960s are undergoing multimillion-dollar renovations by their new owner, Faros Properties of New York. The Washington Plaza on Centre Avenue in Downtown, with 398 units, is being renamed City View Apartments. …

Tech giants lead rush for profits in foreign countries

By The Associated Press 7:42 a.m.
SAN FRANCISCO — Major U.S. companies are starting to reap their most rapid growth in fertile lands of opportunity far from home. Technology trendsetters Apple Inc., Google Inc., Facebook Inc. and Netflix Inc. all mined foreign countries to produce earnings …

Fed to keep cards close to the vest

By The Associated Press 7:42 a.m.
WASHINGTON — This much is clear: The Federal Reserve will make another cut this week in its monthly bond purchases, which have been aimed at keeping long-term loan rates low. This much is not: When will the Fed start tightening …

Jimmy Dean moves beyond breakfast

By The Associated Press
Jimmy Dean is coming to dinner — and lunch, too. The sausage brand started by the late country singer of the same name has become a breakfast staple, with products including a pancake-and-sausage on a stick. Now the brand is …

Consumer confidence jumps to 90.9 in July

By The Associated Press
Consumers are more confident about the economy than they have been in nearly seven years. The Conference Board’s confidence index rose to 90.9 in July from an upwardly revised 86.4 in June. The July reading is the highest since October …

China investigates Microsoft in monopoly case

By The Associated Press
China’s anti-monopoly agency announced an investigation of Microsoft Corp., stepping up regulatory pressure on foreign technology companies. The State Administration for Industry and Commerce said it opened a case in June over complaints Microsoft improperly failed to publish all documentation …

Home price gains slow for 6th-straight month

By The Associated Press
Home prices rose in May from a year earlier at the weakest pace in 15 months as sales remain modest in the spring buying season. The Standard & Poor’s/Case-Shiller 20-city home price index increased 9.3 percent in May from 12 …

Market in neutral, awaiting economic news

By The Associated Press 7:42 a.m.
NEW YORK — The stock market fell modestly on Tuesday as investors awaited a batch of big economic reports this week. On Wednesday, the government will release its look at economic growth in the spring quarter, and the Federal Reserve …

Pittsburgh Brewing tries to reconnect with region, return to glory days

By Chris Fleisher
Brian Walsh was hired to lead Pittsburgh Brewing Co. into the future, but he thinks often about its past. Iron City beer was brewed the …

Business Briefs

Roundup: Study finds 35 percent in U.S. facing debt collectors; JPMorgan paying $650K to settle CFTC charges; more

By Staff and Wires 7:42 a.m.
Study: 35%  in U.S. target  of debt collectors More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study released on Tuesday by the Urban Institute. These consumers fall …

Business Columnists

Jack Markowitz

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Caveats mar film that celebrates America’s success

It’s hard to stand up and cheer an economic system that’s merely “not as bad” as its critics say. This …

John Browne

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Consumer doubts   justified

Consumer confidence is regarded generally as a prerequisite to economic revival. Despite a gain of 3 points last week, Gallup’s …

John Dorfman

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5 stocks that join value, growth

Looks or character? Peace of mind or riches? Lose weight or eat a piece of chocolate cake? Life seems to …

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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3 ways to dig up dirt on people

We all do it. You meet someone casually or professionally. After the exchange of pleasantries, you are compelled to bring …

Real Estate

New-to-market Grandma Moses work headlines sale

By John Altdorfer
During one of the longest auctions droughts in many summer seasons, the short list of sales happenings features just one event. But that solitary auction …

Business Gallery

Business Gallery: July 29, 2014

By Tribune-Review
LEGAL James J. Barnes joined Pepper Hamilton LLP as a partner in the corporate and securities practice group, resident in the Pittsburgh office. Barnes’ practice …