Headlines
Calgon Carbon poised for explosive growth
By John D. OraveczIn a little more than two years as CEO of Calgon Carbon Corp., Randy Dearth has begun companywide restructuring and decided to move its headquarters …
Nervous investors crunch stocks
By The Associated Press 7:12 p.m.NEW YORK — Stocks fell broadly on Wednesday, snapping a four-day winning streak for the Standard & Poor’s 500 index, as investors shaken by recent swings in the market sold some of their holdings. A slide in the price of …
FedEx investing another $1.2B in growth projects at FedEx Ground in Moon
By John D. Oravecz 7:12 p.m.Last year’s holiday season and the winter that followed were tough on package delivery. FedEx Corp. and its delivery unit FedEx Ground based in Moon …
Aesynt CEO gets technology council honors
By John D. OraveczKraig McEwen of Aesynt Inc. in Cranberry, which makes automated drug distribution systems to help hospitals cut costs, was named CEO of the Year on Tuesday by the Pittsburgh Technology Council. The council honored 50 Western Pennsylvania companies in seven …
Amid struggles, top fiscal executive to leave EDMC
By Chris FleisherA top fiscal officer hired by Education Management Corp. a year ago has resigned as the beleaguered operator of for-profit colleges continues to fight a swell of financial and legal problems that threaten its business. Downtown-based EDMC disclosed late Monday …
Chevron puts $20M into educating, training Appalachian workers
By David ContiChevron Corp. is putting $20 million into an education initiative aimed at training a new generation of energy sector workers in 27 counties above the Marcellus and Utica shale plays in which it’s an active gas producer. “We’ve got to …
Butler Township moves to block drilling in residential areas
By Tribune-ReviewCommissioners in Butler Township gave initial approval to a plan that would ban shale drilling in residential areas. Changes in the rules will not apply to drilling at the Krendale Golf Course, where commissioners last month approved a proposed well …
Allegheny Technologies reports $700,000 loss in 3Q
By John D. OraveczCosts of starting up Allegheny Technologies Inc.’s two major growth projects continue to be a drag on the company’s profit, but that is expected to gradually change beginning in 2015, CEO Rich Harshman said Tuesday. Commissioning and startup costs at …
Russian steel to lose duty shelter
By ReutersWASHINGTON — The Department of Commerce will terminate a 15-year-old deal sheltering Russian flat-rolled steel producers from high import duties, it said in a letter to Russian authorities. In the letter published on Monday, the United States gave Russia 60 …
Rural communities can’t shake effects of subprime crisis
By The Associated PressLong seen as having devastated Sun Belt cities, the subprime mortgage crisis unleashed turmoil on Ohio and other rural areas. Now federal officials are pledging …
High pollution levels found near Ohio gas wells
By The Associated PressCLEVELAND — A study in a rural Ohio county where oil and gas drilling is booming found air pollution levels near well sites higher than those in downtown Chicago. A team from the University of Cincinnati and Oregon State University …
Turner channels removed from Dish amid contract dispute
By The Associated PressENGLEWOOD, Colo. — Channels such as Cartoon Network and CNN are no longer part of Dish’s programming lineup as a deadline has passed for the satellite TV provider and Turner Broadcasting to renew their distribution agreement. Dish Network Corp. said …
Market sell-off offers opening
By The Associated PressNEW YORK — After more than five years of stock market gains, investors could be forgiven for worrying that big sell-offs may be the harbingers of bigger slumps. But, even as stocks were plunging last week, strategists and professional investors …
Stocks rally; S&P 500 has best day of 2014
By The Associated PressNEW YORK — The U.S. stock market marched higher Tuesday, giving the Standard & Poor’s 500 index its best day of the year. Investors rallied behind an encouraging report on the Chinese economy as well as strong quarterly results from …
Natrona Bottling Co. keeps soda pop operation focused on craft, taste
By Chris FleisherVito Gerasole pulled his Ford van into the garage, the pattering of a rebuilt engine echoing off cinder block walls. The 1964 Econoline looked new. …
PPG Industries to buy Westmoreland Supply paint store chain
By John D. OraveczPPG Industries Inc. is growing the number of retail paint stores it has in its hometown by acquiring 124-year-old Westmoreland Supply Co., a 12-store distributor …
Demand for hazmat suits due to Ebola outbreak triples firm’s production
By Alex NixonDemand for more protective hazmat suits is boosting production at an American chemical and plastics company as fears grow that the Ebola virus may spread. …
Streaming won’t mean the end of cable
By The Associated PressNEW YORK — Cord cutters rejoiced last week as HBO and CBS announced plans to sell stand-alone streaming services, a move that cable and satellite television providers have resisted for years. Customers tired of paying big fees for hundreds of …
Fannie Mae might take 3% down
By Chicago TribuneCHICAGO — Fannie Mae and Freddie Mac are close to allowing consumers to buy a home with as little as a 3 percent down payment and still have the mortgages backed by the two agencies. More details are expected to …
IBM to pay $1.5B to shed chip division
By The Associated PressNEW YORK — IBM disappointed investors Monday, reporting weak revenue growth again and a $1.5 billion charge to shed its chip-making division as the tech giant tries to steer its business toward cloud computing and social-mobile services. Shares fell more …
