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Business News

AT&T invests nearly $150M in Pennsylvania

Local Business News - 1 hour 23 min ago
AT&T Inc. invested nearly $150 million in its wireless network in Pennsylvania in the first six months of 2010. (T)

Excela breaks ground for Ligonier ambulance base

Local Business News - 1 hour 27 min ago
Ground was broken Wednesday on a new Ligonier Valley Ambulance Service base, a service operated by Greensburg-based hospital network Excela Health.

PPG VP Victoria Holt resigns

Local Business News - Wed, 09/08/2010 - 3:33pm
Victoria M. Holt, PPG Industries' senior vice president of the glass and fiber glass unit, resigned effective immediately, the company said in a written statement. (PPG)

Cheetah Technologies adds to management team

Local Business News - Wed, 09/08/2010 - 3:20pm
Cheetah Technologies LP, a Greentree-based network performance and video quality management company, announced C-level promotions and some new additions to its management team.

PPG starts solar business group

Local Business News - Wed, 09/08/2010 - 12:07pm
PPG Industries is launching a new business group aimed at researching and commercializing glass and coatings technology for use in the solar power industry. (PPG)

American Textile Co. opens N.C. office

Local Business News - Wed, 09/08/2010 - 11:33am
Duquesne-based American Textile Co. announced this week it has opened an office in Davidson, N.C., to house product development and marketing leadership.

ClearCount Medical Solutions raises $5M

Local Business News - Wed, 09/08/2010 - 11:24am
ClearCount Medical Solutions Inc. last week raised $5 million from investors, its largest capital infusion to date.

Pittsburgh ranks as sixth-best midsize metro for college students

Local Business News - Wed, 09/08/2010 - 10:30am
For college students, Pittsburgh is the sixth-best midsize metro area to live, according to a study released Wednesday by the American Institute for Economic Research.

Pittsburgh market update: DynaVox down 2.78%

Local Business News - Wed, 09/08/2010 - 10:12am
Wall Street managed modest gains Wednesday. The Dow Jones Industrial Average finished trading at 10,387.01, up 46.32 points, or 0.45 percent. Nasdaq increased 19.98 points, or 0.90 percent, to 2,228.87. (AA) (AYE) (ATI) (AEO) (BK) (CNX) (DKS) (FII) (HNZ) (KMT) (KOP) (PNC) (PPG) (X) (WAB) (WCC)

PNC cutting 83 jobs in Chicago

Local Business News - Wed, 09/08/2010 - 9:25am
PNC Financial Services Group Inc. is eliminating 83 positions in Chicago over the next several months, PNC (NYSE:PNC) spokesman Fred Solomon confirmed Wednesday. (PNC)

MSA acquires General Monitors for $280M

Local Business News - Wed, 09/08/2010 - 8:20am
In a deal valued at $280 million, Mine Safety Appliances Co. is acquiring General Monitors, a California company that makes products used in oil and gas exploration, refining and other industrial uses. (MSA)

Western Pennsylvania gas prices fall two cents

Local Business News - Tue, 09/07/2010 - 2:51pm
With the passing of Labor Day, the traditional end of the summer driving season, gasoline prices in western Pennsylvania fell two cents this week, according to the latest AAA Fuel Gauge report, released Tuesday.

Pennsylvania mortgage rates continue to fall

Local Business News - Tue, 09/07/2010 - 12:35pm
Mortgage rates in Pennsylvania continued to fall over the past week, according to mortgage rate website Zillow.com.

Obama unveils $50B transportation plan

Local Business News - Tue, 09/07/2010 - 12:25pm
President Barack Obama’s six-year, $50 billion plan to upgrade the nation’s transportation infrastructure could give Pittsburgh contractors a much-needed boost — provided Congress is on board.

Cheswick company's device maps gulf plume

Local Business News - Tue, 09/07/2010 - 11:31am
A device developed by a West Deer company mapped a petroleum plume, measuring at least 22 miles long and more than 3,000 feet, under the surface of the Gulf of Mexico as a result of the BP Deepwater Horizon oil spill.

Downtown Hilton owner files for Chapter 11 bankruptcy

Local Business News - Tue, 09/07/2010 - 11:27am
Boca Raton, Fla.-based Shubh Hotels Pittsburgh LLC, owner of the troubled Hilton Pittsburgh Downtown, filed for Chapter 11 bankruptcy protection from creditors today in the Western District of the United States Bankruptcy Court.

Market update: U.S. Steel rises 4.41%

Local Business News - Tue, 09/07/2010 - 10:08am
Wall Street took a hit Tuesday as the Dow Jones Industrial Average fell 107.24 points, or 1.03 percent, to 10,340.69. Nasdaq dropped 24.86 points, or 1.11 percent, to 2,208.89. (X) (AA) (AYE) (ATI) (AEO) (BK) (CNX) (DKS) (FII) (HNZ) (KMT) (KOP) (PNC) (PPG) (WAB) (WCC)

Allpro Parking coming to Pittsburgh

Local Business News - Tue, 09/07/2010 - 9:14am
Buffalo, N.Y.-based Allpro Parking LLC is expanding into the Pittsburgh parking management market with the hiring of Alan E. Kraemer as vice president of business development.

PNC increases William Demchak's job

Local Business News - Tue, 09/07/2010 - 8:02am
PNC Financial Services Group Inc. Tuesday said Senior Vice Chairman William Demchak will assume supervisory responsibility for all PNC (NYSE:PNC) businesses, including the asset management group and retail banking. (PNC)

Pittsburgh ranks 20th in stress study

Local Business News - Tue, 09/07/2010 - 8:00am
Millions upon millions of Americans are stressing out, and people in Pittsburgh aren't immune from the stress.
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