| Business

Alcoa putting $60M into Upper Burrell tech center expansion

By Chris Fleisher
Alcoa Inc.’s $60 million investment to expand its research center in Upper Burrell underscores the potential the company believes 3-D printing holds for manufacturing parts for the aerospace and automotive industries, two markets in which the company has staked its ...

Highmark Health reports $171M operating loss for 1st half of year

By Ben Schmitt and Wes Venteicher
Providing medical care for people who bought health insurance on the Affordable Care Act’s online marketplace costs much more than Highmark Health anticipated, driving an operating loss of $171 million for the company in the first half of 2015. Sicker-than-expected members ...

Fifth Third Bank selling Pittsburgh branches to First National

By Chris Fleisher
Fifth Third Bank is getting out of retail banking in Pittsburgh and selling all 17 branches in the area to First National Bank of Pennsylvania. Cincinnati-based Fifth Third said Thursday that the sale, expected to close in early 2016, was ...

Embezzled $14.8M could cause woes for North Side firm Matthews International

By Matthew Santoni
Nearly $15 million siphoned from North Side-based Matthews International is among the largest such cases of fraud reported in Pennsylvania history, and could have major regulatory ramifications for the company, according to a Boston-based fraud expert. Federal investigators are investigating the ...

NexTier Bank buys Oakland’s Eureka to increase coverage in Western Pennsylvania

By Chris Fleisher
Butler-based NexTier Bank has inked a $35 million deal to acquire Eureka Bank in Oakland. The proposed merger announced Thursday gives NexTier two additional branches, bringing NexTier’s total locations to 26 in Western Pennsylvania, and expands its total assets to $1.1 ...

Robust jobs report could force Federal Reserve to raise interest rates

By The Associated Press
WASHINGTON — With the Federal Reserve edging into the spotlight, the jobs report for August, due out Friday, could trigger eventual changes in Americans’ financial ...

Indian SUV maker Mahindra to debut electric scooter in U.S.

By The Associated Press
ANN ARBOR, Mich. — India’s largest SUV maker is ready to make its debut on America’s roads. But it’s starting with two wheels, not four. ...

Stocks end roller-coaster day higher

By The Associated Press
NEW YORK — Stocks moved slightly higher Thursday as markets calmed from a recent bout of turmoil. Investors were encouraged by comments from European Central ...

Pa. business interests decry EPA ozone proposal as economic albatross

By David Conti
Opponents of an Obama administration proposal to strengthen limits on smog-causing ozone in the lower atmosphere blasted the plan Wednesday as an unnecessary set of ...

Housing bright spot as Beige Book survey shows Pittsburgh region’s growth slight

By Chris Fleisher
The region’s economy expanded at a slight pace since July though it generally lagged other parts of the country that reported broad growth during the summer, the Federal Reserve said Wednesday. An improving housing market fed optimism among homebuilders and nonresidential ...

American to halt 2 direct routes from Pittsburgh International

By Melissa Daniels
American Airlines will suspend direct flights from Pittsburgh International Airport to Hartford and St. Louis in November, a ripple effect from a national pilot shortage ...

Coal company, UMW settle suit over use of non-union workers

By The Associated Press
MORGANTOWN, W.Va. — A Murray Energy subsidiary and the United Mine Workers of America have settled a lawsuit over the company’s use of non-union workers. U.S. District Judge Irene Keeley approved the settlement and dismissed the case on Tuesday. The UMW alleged ...

Feds investigate $14.8M embezzled from Pittsburgh-based Matthews International Corp.

By Brian Bowling
Federal investigators are trying to determine how an employee of Matthews International Corp. managed to siphon millions of dollars for years from the Pittsburgh-based company before officials caught on and told federal authorities, company documents show. Just how Matthews lost  $14.8 ...

Coal stocks on a roller coaster ride they can’t get off

By Bloomberg News
U.S. coal stocks are on their bumpiest ride in five years. The historical volatility of U.S. coal stocks has reached the highest level since March 2010. After their shares fell more than 90 percent, miners including Arch Coal Inc. and Peabody ...

Stock indexes enter correction territory; bear market could be lurking

By The Associated Press
The stock market’s sharp downturn in recent weeks has pulled the three major stock indexes into what is known as a “correction.” But when does a market correction effectively end a bull market and usher in a full-blown bear market? Here ...

Just Mayo has egg industry in a panic, emails show

By The Associated Press
NEW YORK — A California company that makes an eggless mayonnaise alternative has the nation’s egg industry scrambling. The American Egg Board, which is responsible for ...

Business Briefs

Roundup: Kraft Singles recall grows nearly tenfold; judge OKs $415M settlement in Apple, Google wage case; more

Staff and Wire Reports
Kraft Singles recall grows nearly tenfold Kraft Heinz is expanding a recall of Kraft Singles cheese products, saying a problem with the packaging film affects ...

Business Columnists

Jack Markowitz

columnist picture
Markowitz: Notes sour and true heard at Labor Day

Labor Day is coming; you can almost hear Vice President Joe Biden and the bands marshalling: Trumpets! — for organized …

John Browne

columnist picture
U.S. closes in on offshore tax evasion

The Internal Revenue Service loses billions of dollars annually because of offshore tax evasion. For years, a number of American …

John Dorfman

columnist picture
Dorfman: Stocks with fat, obscene profit margins appealing, but beware of risks

Thanks, Anacor. Because of a 480 percent gain by Anacor Pharmaceuticals Inc. (ANAC), my recommendations from a year ago on …

Chris Posti

columnist picture
Reunion provides chance to reflect on choices then, now

In helping to organize my recent high school reunion, one of my duties was to put together a booklet of …

Kim Komando

columnist picture
Five details you shouldn’t give Facebook

The whole point of Facebook is to share your life with other people. You probably have more than a few …

Real Estate

House Hunting: Highland Park home gets high-end treatment

By Tom Scanlon
Lawrenceville? Been there, re-done that. Ron King and Joe Edelstein, partners in Wylie Holdings, started renovating homes in east Pittsburgh 18 years ago. “We were in ...

Business Gallery

Business Gallery: August 23, 2015

By Tribune-Review
LEGAL Eileen M. Fairlie and Brandon M. Spleen joined Burns White LLC’s energy practice. OTHER ...