| Business

Court validates Highmark Medicare plan that excludes UPMC

By Alex Nixon 1:26 a.m.
Highmark Inc. won a court ruling Thursday allowing it to exclude UPMC hospitals and doctors from some plans it sells to seniors. Commonwealth Court President Judge Dan Pellegrini denied a request by Attorney General Kathleen Kane and Gov. Tom Corbett’s administration to hold Highmark in contempt of a consent decree …

Hackers’ new Dyre malware infects W.Pa. computers, vexes FBI cyber agents

By Andrew Conte 12:02 a.m.
Pittsburgh-based FBI cyber agents who brought down an international Russian hacking syndicate in May are now focusing on two new targets that have caused significant …

Profit falls at vitamin retailer GNC Holdings in third quarter

By Alex Nixon 12:01 a.m.
GNC Holdings Inc. ditched its “Beat Average” advertising campaign and is curtailing production as recently hired CEO Michael Archbold implements changes to help reinvigorate the struggling vitamin and supplement retailer. The changes are the first significant moves by Archbold, a …

Mylan’s 3Q profit triples on strong U.S. sales

By Alex Nixon
Mylan Inc. more than tripled profit in the third quarter on strong sales of generic drugs in the United States and demand for EpiPen, Mylan’s branded treatment for severe allergic reactions that’s poised to become a blockbuster. The results at …

Bayer profit edges higher, raises forecasts

By Staff and Wire Reports
Bayer AG, the parent of Bayer Corp. in Robinson, said third-quarter operating profit edged higher, and it raised revenue and profit forecasts citing growth of new medicines and the addition of Merck & Co.’s consumer-health business. Sales this year will …

Strengthening U.S. growth reflects help from Federal Reserve

By The Associated Press 12:08 a.m.
WASHINGTON — The nation’s economy powered its way to a solid annual growth rate of 3.5 percent from July through September, outpacing most of the …

How to avoid Amazon and still get deals

By The Associated Press 12:01 a.m.
NEW YORK — Amazon has a place in many Americans’ lives because of its low prices and seemingly endless array of goods. But Amazon — which commands about 20 percent of the nation’s e-commerce — has its problems. German workers …

Sweet tooth will cost you more next year

By The Associated Press 12:01 a.m.
NEW YORK — That bowl of chocolates for ninjas and ghosts won’t cost you more this Halloween. Picking the perfect sweet for your Valentine could. …

Kennametal profit, sales improve in 1Q, but forecast reduced

By John D. Oravecz
Kennametal Inc. on Thursday reported higher profit and sales in the July-September period, benefiting from its acquisition last year of the tungsten materials unit of Allegheny Technologies Inc. But the Unity-based tooling manufacturer reduced its outlook, citing weaker demand from …

Apple CEO Tim Cook: ‘I’m proud to be gay’

By The Associated Press
NEW YORK — Apple CEO Tim Cook says he’s proud to be gay. The public declaration, in an essay written for Bloomberg Businessweek, makes Cook …

Radiation detection of drilling waste nearly set at W.Va. landfills

By The Associated Press
CHARLESTON, W.Va. — The installation of devices that detect radiation in natural gas drilling waste is nearly complete at six West Virginia landfills, a state Department of Environmental Protection official said. Legislation passed earlier this year requires radiation monitoring of …

CCAC, Energy Innovation Center respond to energy industry’s growing demand

By Katelyn Ferral
An educational partnership in Pittsburgh will offer students hands-on training for careers in the energy industry and aims to make blue-collar jobs more attractive. The …

Highmark’s new REMWorks Sleep Store will sell sleep apnea equipment

By Alex Nixon
Highmark Health is diversifying its for-profit operations with a first-of-its-kind retail store focused on sleep apnea and other sleep problems. Highmark, the state’s largest health …

Hedge funds sue to block EDMC deal

By Alex Nixon
Two hedge funds are suing to block a deal that would wipe out most of Education Management Corp.’s debt and make creditors the majority owners of the beleaguered operator of for-profit colleges. The lawsuit was filed Tuesday in federal court …

Range Resources reports $146M in Q3 profits on record Marcellus production

By David Conti
Another quarter of record natural gas and liquids production from Marcellus shale wells sent profit surging at Range Resources Corp., the energy company said Wednesday. Range reported net income of $146.4 million, or 86 cents a share, in the third …

Fed ends bond-buying program, keeps short-term rate near zero

By The Associated Press
WASHINGTON — The Federal Reserve cited an improving economy Wednesday as it ended its landmark bond-buying program and pointed to gains in the job market …

Business Briefs

Roundup: S&T Bancorp to acquire Integrity Bancshares in $155M deal; Alpha Natural Resources selling Amfire coal mines to Rosebud; more

By Staff and Wires 12:01 a.m.
S&T Bancorp to acquire Integrity Bancshares S&T Bancorp Inc. of Indiana, Pa., said it agreed to acquire Integrity Bancshares Inc. of Camp Hill for about …

Business Columnists

Jack Markowitz

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Markowitz: No putting a mask on this economic mess

Is that a witch in front of the moon? Or a stock market bear? Halloween is tomorrow, and the economy …

John Browne

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John Browne: Dollar in demand internationally

Evidence of global recession continues to spread. With an “official” economic growth rate of 2.5 percent, the United States is …

John Dorfman

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Billion Dollar Portfolio takes dive on misses with Hercules, ITT

What’s the ideal size for a stock? My favorite sweet spot is near $1 billion in market value. As I …

Chris Posti

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Posti: Identifying, managing ‘blind spots’ key to career, life success

I’d like to tell you something your boss has been trying to tell you, but either your boss is not …

Kim Komando

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5 tech myths you hear all the time 12:01 a.m.

Humans are great at creating myths. From Marduk and Zeus to unicorns and mermaids, there’s no end to what we …

Real Estate

Halloween house decorators take things scariously in Western Pennsylvania

By JoAnne Klimovich Harrop
These people dress up their homes for Halloween in a House Boo-tiful fashion. From fog machines to skeletons to clowns and pumpkins that talk, these …

Business Gallery

Business Gallery, Oct. 26, 2014

By Tribune-Review
BANKING, FINANCE Julie Hayden was named vice president, business development team lead, First Niagara Benefits Consulting, at First Niagara Financial Group Inc. Allegheny Valley Bank …