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- People & Awards: Executive Level Wed, 22 Feb 2012 19:07:02 +0000
Banking & Financial Services
Nicholas Walsh was named vice president in the western Pennsylvania business banking group at First Niagara Bank. Walsh has experience in a range of industries, including manufacturing, automotive and real estate.
Jack Jacobs has been named vice president in the western Pennsylvania business banking group at First Niagara Bank. Jacobs has been in the banking and finance industry for more than 12 years in the western Pennsylvania market. His primary focus is centered around the commercial credit and sophisticated banking needs of area businesses... - Megabus to end Pittsburgh to Akron, Erie service Wed, 22 Feb 2012 17:57:54 +0000
Megabus will eliminate its routes from Pittsburgh to both Erie and Akron, Ohio, next month but has recently started service to Morgantown, W.Va. The discount bus service, which is owned by Coach USA, will stop its two- to three-times daily service to both Erie and Akron on March 14. Dale Moser, president and COO of Coach USA and Megabus, said that the Pittsburgh-Erie and Pittsburgh-Akron routes are being discontinued due to a lack of ridership. He didn't discount the possibility of the routes starting again sometime in the future, but said that Megabus hasn't seen the growth that it needs in passengers to sustain... - Heritage Valley opens sixth clinic Wed, 22 Feb 2012 17:46:13 +0000
Heritage Valley Health System has opened a ConvenientCare walk-in medical clinic in Moon Township, the sixth such center for the Beaver-based hospital network. The Thorn Run Road facility is staffed by nurse practitioners who provide treatment for minor illnesses and injuries seven days a week. Also available within the Moon complex are diagnostic imaging, lab draw and outpatient rehabilitation services. “As a community health system, we’re always looking for new ways to meet the needs of people seeking health care services in the communities we serve,” Heritage Valley President and CEO Norm Mitry said in a prepared statement... - Highmark: Justice probe is routine Wed, 22 Feb 2012 17:45:17 +0000
A civil investigation of Highmark’s acquisition of the West Penn Allegheny Health System will wrap up within six weeks without a hitch, Highmark Executive Vice President of Health Services Deborah Rice predicted on Tuesday. “This is a typical process,” she said. “We expect it to conclude soon with no objections.” “We believe it’s pro-competition.” The University of Pittsburgh Medical Center has been ordered to produce contracts and other documents related to a U.S. Department of Justice’s antitrust investigation of the Highmark-WPAHS deal by Feb... - Welcome to the Fish Sandwich Chronicles Wed, 22 Feb 2012 17:11:17 +0000
It’s Ash Wednesday, the beginning of Lent and the start of fish sandwich season in western Pennsylvania.
During the six weeks leading up to Easter, Catholics forgo eating meat on Fridays. It is intended as a period of restraint and abstinence.
“The upside is, you get to eat a lot of really great fish sandwiches,” First Federal Savings Bank CEO Patrick O’Brien said.
Half the parishes in the Roman Catholic Diocese of Pittsburgh — around 100 — hold fish fries. Restaurants from the city’s most innovative to fast food outlets offer up some form of fish sandwich... - Firm ordered to pay after discharge Wed, 22 Feb 2012 16:33:06 +0000
An Ohio company that does business in the Pittsburgh region as Scotts Lawn Service got a $160,000 fine from the Pennsylvania Department of Environmental Protection. The DEP alleged that an employee had disposed of between 800 and 1,000 gallons of a combination of herbicide/pesticide/fertilizer into a gutter that drained into a nearby stream in June 2010. Neighbors complained, the DEP investigated, and a contractor was hired to clean it up. The DEP alleged that EG Systems in Marysville, Ohio, had made eight violations of the Solid Waste Management Act and the Pennsylvania Clean Streams Law... - LANXESS invests $10M in green chemical startup Wed, 22 Feb 2012 15:35:37 +0000
Following up on its desire to invest in more venture-backed firms, specialty chemical maker LANXESS is investing $10 million in the Minneapolis-based BioAmber as part of that startups $30 million series C funding round.
Last fall, LANXESS CEO Randy Dearth said the company is on the lookout for promising new technology that can help meet LANXESS’ needs in both in product development and raw materials.
As part of this deal Jorge Nogueira, head of LANXESS Functional Chemicals unit, will have a seat on BioAmber’s Board of Directors... - PNC plans RBC conversion for March 2 Wed, 22 Feb 2012 15:34:19 +0000
PNC Financial Services Group Inc., Pittsburgh’s largest bank, expects to complete its $3.6 billion acquisition of RBC Bank USA, Raleigh, on March 2nd, filling in its footprint through the southeastern United States.
It will include the biggest single conversion in PNC’s (NYSE:PNC) 160-year history, spokesman Patrick McMahon said. National City was converted in four phases over eight months.
On March 2nd, a week from Friday, more than 400 RBC Bank USA branches will close an hour in preparation for conversion to PNC... - PNC looks to grow its Canadian branch Wed, 22 Feb 2012 15:33:44 +0000
PNC Financial Services Group Inc., Pittsburgh, has filed an application with the Canadian regulatory system to permit its corporate banking office in Toronto to accept deposits, effectively making it a full-service branch.
The branch, which is PNC’s (NYSE:PNC) only such office in Canada and operates under the name PNC Bank Canada Branch, came through PNC’s December 2008 acquisition of National City Corp. Its current function is to make loans.
“That will allow us to better service our U.S... - CMU launches new cyber security masters program Wed, 22 Feb 2012 14:29:20 +0000This week the spotlight was once again on cyber security threats with the Wall Street Journal’s report that the federal government, specifically the National Security Agency, is concerned that the hacking group Anonymous could soon have the resources to take down the power grid.
Over at Carnegie Mellon University the importance of cyber security is always front and center with groups like CyLab, the Information Networking Institute and the Software Engineering Institute.
This month the university unveiled its latest program aimed at educating mid- to senior-level executives or government employees on cyber security so organizations can better plan for and defend against these types of threats...
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