| Business

U.S. employers add 223K jobs, jobless rate falls to 5.3%

By Alex Nixon
Employers added a healthy 223,000 jobs nationwide in June, but the federal government’s monthly employment report pointed to some weakness in the labor market that has stumbled in its rocky recovery since the Great Recession. The unemployment rate dipped to 5.3 percent last month, down from 5.5 percent in May and ...

Insurer Aetna to buy Humana in $35B deal

By The Associated Press 9:09 a.m.
Aetna will spend about $35 billion to buy rival Humana and become the latest health insurer bulking up on government business as the industry adjusts to the federal health care overhaul. The proposed cash-and-stock deal, announced early Friday, would make Aetna ...

U.S. calls Fiat Chrysler recall record dismal

By The Associated Press
WASHINGTON — Fiat Chrysler will be punished soon for failing to follow the law in 23 recalls involving more than 11 million vehicles, the nation’s ...

State cites Greene County mine after fatality, checking ventilation doors

By The Associated Press
The state Department of Environmental Protection has cited a Greene County mine for violations related to a miner’s death, and is inspecting ventilation doors of other mines in the region. DEP spokesman John Poister said that’s being done because 55-year-old ...

$18.7B record-breaking deal clears path for BP to put Gulf Coast oil spill in rearview mirror

By The Associated Press
NEW ORLEANS — Trying to close the books on the worst offshore oil spill in American history, BP agreed Thursday to provide billions of dollars more to five Gulf Coast states in a deal the company said would bring its ...

Critics find hotels’ hidden fees to be inhospitable

By The Washington Post
Booking a room at the Bellagio on the Las Vegas Strip for July 4 will run you right around $351 a night before taxes. But ...

Facebook lures premium content from YouTube

By Bloomberg News
Facebook Inc. will begin sharing advertising revenue with companies that post videos on its social network, a step toward luring more premium content away from sites like Google Inc.’s YouTube. Facebook will offer contributors 55 percent of the revenue from ads ...

2Q mutual fund review: Momentum stalls

By The Associated Press
NEW YORK — Well, that was a disappointing ending. After years of nearly uninterrupted and strong returns, most mutual funds looked ready to deliver another quarter of gains — albeit modest ones — for April through June. That is, it ...

Stocks end tumultuous week on down note

By The Associated Press
NEW YORK — Stocks ended a tumultuous trading week with slight losses Thursday as investors sought safety before an extended holiday weekend. Investors bought at the opening of trading when a Labor Department report on job creation suggested the economy was ...

Kraft shareholders approve merger with Heinz

By Alex Nixon
Kraft Foods Group and H.J. Heinz Co. cleared the final obstacle to a marriage that will be challenged with boosting growth at a time when consumers seeking healthier products are increasingly turning away from packaged foods. The deal, approved Wednesday by ...

H-D Advanced Manufacturing in Franklin Park buys aerospace components maker Firstmark

By Alex Nixon
H-D Advanced Manufacturing Co. acquired a Virginia-based manufacturer of aerospace components in a deal estimated to be worth at least $51.6 million. The purchase of Firstmark Corp., which was Franklin Park-based H-D’s eighth acquisition in the past three years, gives the ...

Instances of hacking may be up, but indictments against Chinese military impactful, experts say

By Andrew Conte 8:47 a.m.
WASHINGTON — Computer hacking indictments filed in Pittsburgh last year against members of the Chinese military have not led to arrests, but they did put that country on notice, top cybersecurity experts here said Wednesday. Online spying by the Chinese certainly ...

Alpha Natural Resources buys out European partner in Marcellus venture

By Tribune-Review
Virginia-based coal miner Alpha Natural Resources bought out its partner in a joint shale gas venture in Greene County and expects to start drilling soon, the company said Wednesday. Alpha subsidiary Pennsylvania Services Corp. paid $126 million for the stake …

Drilling halted at Middlesex well under dispute

By Rick Wills
A Butler County judge issued a stay that halts work at a disputed drilling site in Middlesex. Common Pleas Judge S. Michael Yeager said work at the Geyer well must be halted until July 26 — by which time opponents …

Government contests sale of GE appliance business to competitor Electrolux

By The Associated Press
NEW YORK — The U.S. government is seeking to stop Electrolux from buying General Electric’s appliance division, saying the combined company would dominate sales of ovens and other cooking-related kitchen appliances, especially to customers such as homebuilders, property managers, hotels ...

Rules holding for-profit schools accountable for student earnings go into effect

By The Associated Press
WASHINGTON — Exotic dancers hired as admissions counselors. Recruiters told to seek out “impatient” individuals who have “few people in their lives who care about ...

Business Briefs

Roundup: Whole Foods owns up to overcharging of packaged goods; Ford recalls 432K cars because of software problem; more

From Wire Reports
Whole Foods owns up  to overcharging at some New York City stores Whole Foods Market Inc. admitted that there were pricing issues at its New ...

Business Columnists

Jack Markowitz

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Markowitz: People must overcome the bull-bear battle

A bull and a bear met halfway through the year 2015. The bull, an investment optimist, and the bear, a …

John Browne

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Fed says slow and low for interest hike

Federal Reserve Chairwoman Janet Yellen recently announced that the Fed’s low interest rate policy would continue for the time being. …

John Dorfman

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Dorfman: Dillard’s, Micron make Casualty List

The choppy second quarter roughed up a fair number of stocks. Among the wounded are four that I think have …

Chris Posti

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Practice makes perfect interview prep tactic

If you expect to be interviewing for a job, it’s wise to rehearse beforehand with someone who is experienced in …

Kim Komando

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One huge mistake people make when renting cars

There are plenty of reasons to rent a car, from leaving an unreliable car behind on a vacation to getting …

Real Estate

Run-down duplex that Dormont helped to rehab not on the market long

By Matthew Santoni
A house Dormont helped renovate was on the market for just one weekend before four people put in offers, the listing agent said. The Dormont Avenue property was a run-down duplex until the borough and Allegheny County Court of Common Pleas ...

Business Gallery

Business Gallery: June 28, 2015

By Tribune-Review
ACCOUNTING Bill Scott, Robert Morris University, and Kyle Penney, St. Francis University, both joined Grossman Yanak & Ford LLP for summer internship positions. Valerie ...