Local stories category, Page 12
Southwestern Pa. banks among Forbes’ ‘World’s Best’
Four banks based in Southwestern Pennsylvania are included among the 60 U.S. financial institutions that made Forbes magazine’s 2019 list of the World’s Best Banks. For this inaugural listing, the magazine partnered with research firm Statista, which surveyed more than 40,000 customers in order to rate banks in 23 countries...
FBI seeks businesses that may have fallen victim to insurance scheme
The FBI is looking nationwide for businesses that may have fallen victim to an insurance and fraud scheme, according to a news release. In January, the American Labor Alliance and two of its executives were indicted by a federal grand jury on charges of mail fraud, conspiracy to commit mail...
13 Pittsburgh-area Payless stores among those closing nationwide
About a dozen Payless ShoeSource stores in the Pittsburgh region are among the 2,300 closing nationwide. Payless officials announced the closures last week and locations — including Westmoreland, Ross Park, Robinson and Monroeville malls — have started liquidation sales, according to a notice on the company’s website. Merchandise is between...
Sheetz again makes Fortune’s 100 Best Companies to Work For
A Pennsylvania company that’s open every day of the year has once again ranked as a great place to work. The Altoona-based Sheetz convenience store chain has ranked No. 85 on Fortune magazine’s list of 100 Best Places to Work for in America. That’s down a few notches from last...
Craft beer group: Stop asking if there are too many craft breweries in Pennsylvania
Is the craft beer business bubble about to burst? Those who make their living promoting, surveying and sampling products of the beer industry in Pennsylvania are convinced that, well, there is no need to worry whether craft beer makers will run out of craft beer drinkers any time soon. Breweries...
Kennametal net income, earnings up in quarter ending Dec. 31
Kennametal Inc. of Pittsburgh saw its net income increase about 33 percent for the quarter ending Dec. 31 compared with a year earlier. Earnings per share jumped by 15 cents, to 66 cents, compared with the same period in 2017, the industrial toolmaker said this week. Kennametal, with headquarters in...
Altoona-based Sheetz marks opening of 100th North Carolina store
Altoona-based Sheetz is celebrating the opening of its 100th store in North Carolina. The store in High Point, N.C. opened on Jan. 31. At a grand opening event, the company gave $2,500 to Special Olympics North Carolina and the same amount to Second Harvest Food Bank of Northwest Carolina. “Sheetz...
Pittsburgh-based EQT confirms layoffs, but details are scant
Pittsburgh-based shale gas producer EQT Corp. confirmed Monday it had laid off employees but would not say how many. The company’s new management team has “taken a number of decisive actions to improve operational efficiency, cash flow and EQT’s financial position,” it said in a statement released Monday. “We are...
