Business

Pittsburgh tech firm workers romp on soccer field to burn off energy, network

Adam Panzica's nose was still slightly swollen a week after he broke it during a soccer game against a league rival. The injury happened when Panzica ...
Upbeat Fed tone suggests rate hike might come as soon as September
WASHINGTON — The Federal Reserve said Wednesday that near-term risks to the economy have diminished, reviving the prospect that it will resume raising interest rates ...
Facebook failed to heed 7 summonses, IRS says in court filing
Facebook officials failed to show up after receiving seven summonses from the Internal Revenue Service demanding internal corporate records on one of its offshore tax ...
Facebook pushes more people to use Messenger app to access conversations
SAN FRANCISCO — Facebook is again getting pushy about how people message one another. Two years ago, the social-media giant forced its users to adopt its ...
Consol to resume gas drilling in Utica, Marcellus shale
Consol Energy Inc. executives think natural gas producers have turned the corner on low prices and tepid demand, prompting the company to begin a slow ...
Cable companies add do-it-yourself, tracking services to woo subscribers
NEW YORK — Did you hear the one about the cable company that's actually improving customer service? Comcast and its rivals say it's no joke. ...
SABMiller suspends work on integration with Anheuser-Busch InBev
SABMiller has suspended work on integrating the brewer's operations with that of suitor Anheuser-Busch InBev, potentially throwing the industry's biggest deal ever into disarray. SABMiller Chief ...
Stocks edge mostly lower despite big gain for Apple
NEW YORK — Stocks ended Wednesday's trading slightly lower as shares of energy companies and consumer goods makers outweighed gains in technology companies such as ...
Mylan to divest two generic drugs to win antitrust clearance for Meda acquisition
Mylan NV is divesting two generic drugs to resolve concerns from U.S. regulators that its acquisition of Swedish specialty drugmaker Meda AB would have led ...
UPMC, others to pay government $2.5 million in Medicare billing case
UPMC and three related entities have agreed to pay the United States $2.5 million to partly settle a 2012 lawsuit claiming they deliberately overbilled federal ...
First Commonwealth moving further into Ohio with FirstMerit Bank buy
First Commonwealth Bank is deepening its reach in Ohio with an estimated $30 million deal to acquire 13 FirstMerit Bank branches. The move triples Indiana, Pa.-based ...
Former Utz potato chip exec pleads guilty to $1.4M fraud
HARRISBURG — A former executive with a Pennsylvania potato chip and snack food company has pleaded guilty to defrauding the company out of roughly $1.4 ...
Production cut drives deeper loss at ATI
U.S. Steel Corp. expects to turn a profit this year as deep cost-cutting combined with lower imports and higher prices are driving a turnaround at ...
Range Resources reports deeper loss
Losses mounted at Marcellus shale gas producer Range Resources Corp. as low prices continued cut into revenue. The Fort Worth-based producer with a large office in ...
Stocks close flat as investors monitor company earnings
NEW YORK — Stocks had a muddled session Tuesday as investors worked through a large batch of corporate earnings from a range of companies including ...
Farewell to VCRs: Japanese maker to shelve once-hit product
TOKYO — Japanese electronics maker Funai Electric Co. says it's yanking the plug on the world's last video cassette recorder. A company spokesman, who requested ...
$15 billion Volkswagen emissions deal clears initial hurdle
SAN FRANCISCO — A nearly $15 billion settlement over Volkswagen's emissions cheating scandal cleared a key hurdle Tuesday, with a federal judge giving preliminary approval ...
Craft breweries try to stand out with creative tap handles
RANDOM LAKE, Wis. — Cone heads, zombies, beards, bananas — they are some of the creative beer tap handles that have become a big business ...
Brewer AB InBev ups offer for SABMiller after Brexit pound slump
LONDON — Budweiser maker Anheuser-Busch InBev increased its cash offer for SABMiller to 45 pounds ($58.98) per share to blunt a revolt by investors who ...
Bitcoin's not money, judge rules as she tosses money-laundering charge
The hotel room was wired with cameras and microphones, and in it sat $30,000 in fake $100 bills. Miami Beach detective Ricardo Arias, working undercover ...

A blog by David Conti