http://www.post-gazette.com/businessnews/ All Business, Auto News en-us Copyright 2012, post-gazette.com. Fri, 10 Feb 2012 07:09:56 -0500 15 http://www.post-gazette.com/includes/2007design/images/150x30pg_now_logo.gif http://www.post-gazette.com/ 144 39 http://www.post-gazette.com/pg/12041/1209227-28.stm?cmpid=business.xml Also in today's headlines: Fri, 10 Feb 2012 00:00:00 -0500 http://www.post-gazette.com/pg/12041/1209229-28-0.stm?cmpid=business.xml An unlikely animus has developed between two organizations best known by their initials: SEIU and EDMC. Downtown-based Education Management Corp., the subject of a federal lawsuit about recruiting practices and a Senate committee investigation into for-profit schools, is no stranger to scrutiny. Fri, 10 Feb 2012 00:00:00 -0500 http://www.post-gazette.com/pg/12041/1209230-28-0.stm?cmpid=business.xml J.P. Morgan was alleged to have been talking about yachts when he uttered his well-known financial axiom -- "If you have to ask the price, you can't afford it" -- but the same is true of MRI machines and CT scanners. Fri, 10 Feb 2012 00:00:00 -0500 http://www.post-gazette.com/pg/12041/1209231-53.stm?cmpid=business.xml A developer won clearance Thursday to demolish part of the Strip District's historic produce terminal as part of a broader redevelopment that proponents saw as visionary and one opponent described as "an Olive Garden." Fri, 10 Feb 2012 00:00:00 -0500 http://www.post-gazette.com/pg/12041/1209233-28.stm?cmpid=business.xml Six months into its current fiscal year, the West Penn Allegheny Health System has lost $55.9 million -- including $34.1 million from September through December -- as the financially ailing system continues to experience drops in patient volume and revenue. Fri, 10 Feb 2012 00:00:00 -0500 http://www.post-gazette.com/pg/12041/1209283-84-0.stm?cmpid=business.xml WASHINGTON -- The federal government's $25 billion settlement Thursday with banks over fraudulent foreclosure practices begins a long-promised reckoning with the financial industry over its role in the worst economic crisis since the Great Depression, officials said. Fri, 10 Feb 2012 00:00:00 -0500 http://www.post-gazette.com/pg/12041/1209326-96-0.stm?cmpid=business.xml SAN FRANCISCO -- Google is developing a home entertainment device, according to people with knowledge of the company's plans, in a move that would bring it more broadly into consumer electronics. Fri, 10 Feb 2012 00:00:00 -0500 http://www.post-gazette.com/pg/12041/1209327-96-0.stm?cmpid=business.xml Some people are born flirts. For everyone else, a pocket-size Cyrano de Bergerac awaits. Fri, 10 Feb 2012 00:00:00 -0500 http://www.post-gazette.com/pg/12041/1209328-96-0.stm?cmpid=business.xml When I was growing up, my parents had a 20-inch Sony Trinitron television. There was a 25-inch model, but having a TV that big seemed vulgar. When I would ask my father why he didn't splash out for the bigger set, he would say, "Who am I, George Lucas?" Fri, 10 Feb 2012 00:00:00 -0500 http://www.post-gazette.com/pg/12041/1209329-96-0.stm?cmpid=business.xml BERLIN -- Nokia, the biggest maker of mobile phones by volume, said Wednesday that it would eliminate 4,000 manufacturing jobs, or 7 percent of its global work force, as it moved to streamline operations and save money from its production of smartphones. Fri, 10 Feb 2012 00:00:00 -0500 http://www.post-gazette.com/pg/12040/1209185-100.stm?cmpid=business.xml West Penn Allegheny Health System lost $55.9 million in the first six months of its current fiscal year that ends June 30, including $34.1 million from September through December of 2011. Thu, 9 Feb 2012 15:11:00 -0500 http://www.post-gazette.com/pg/12040/1208998-28.stm?cmpid=business.xml Also in today's headlines: Thu, 9 Feb 2012 00:00:00 -0500 http://www.post-gazette.com/pg/12040/1208999-28-0.stm?cmpid=business.xml CAMBRIDGE, Mass. -- Move over, coffee and Red Bull. A Harvard professor thinks the next big thing will be people inhaling their caffeine from a lipstick-sized tube. Critics say the novel product is not without its risks. Thu, 9 Feb 2012 00:00:00 -0500 http://www.post-gazette.com/pg/12040/1209000-28-0.stm?cmpid=business.xml Country singer Toby Keith may be choosing the north over the south. Continental Real Estate Cos. is talking to his representatives about opening a Toby Keith's I Love This Bar and Grill on the North Shore near Heinz Field instead of at the SouthSide Works. Thu, 9 Feb 2012 00:00:00 -0500 http://www.post-gazette.com/pg/12040/1209001-28-0.stm?cmpid=business.xml Mayor Luke Ravenstahl has entered Pittsburgh into a competition to land one of three new satellite locations of the U.S. Patent and Trademark Office, saying the office would complement the city's history of innovation and fuel efforts to grow the high-tech economy. Thu, 9 Feb 2012 00:00:00 -0500 http://www.post-gazette.com/pg/12040/1209095-96-0.stm?cmpid=business.xml The ghosts of two doomed antipiracy bills hang over a new and unrelated issue on Capitol Hill: proposed legislation to help secure the nation's nuclear plants, water systems and other essential infrastructure from hackers and terrorists. Thu, 9 Feb 2012 00:00:00 -0500 http://www.post-gazette.com/pg/12040/1209096-96-0.stm?cmpid=business.xml Correction Appended Thu, 9 Feb 2012 00:00:00 -0500 http://www.post-gazette.com/pg/12040/1209097-96-0.stm?cmpid=business.xml Nabbing the iPhone was a victory for Sprint Nextel, but the blockbuster handset has yet to pay off in profits for the company. Thu, 9 Feb 2012 00:00:00 -0500 http://www.post-gazette.com/pg/12040/1209098-96-0.stm?cmpid=business.xml SAN FRANCISCO -- John T. Chambers, chief executive of Cisco Systems, made one of his classic bombastic predictions Wednesday, claiming that the world's largest maker of computer networking equipment is poised to dominate the construction of cloud computing systems. Thu, 9 Feb 2012 00:00:00 -0500 http://www.post-gazette.com/pg/12040/1209099-96-0.stm?cmpid=business.xml Correction Appended Thu, 9 Feb 2012 00:00:00 -0500 http://www.post-gazette.com/pg/12039/1208707-28.stm?cmpid=business.xml Congratulations -- You're a prize winner! Or maybe not. More people reported falling victim to phony prize and sweepstakes awards than any other type of scam last year, according to the National Consumers League. Wed, 8 Feb 2012 10:56:00 -0500 http://www.post-gazette.com/pg/12039/1208705-28.stm?cmpid=business.xml In late January, President Barack Obama swung by the Washington Auto Show to check out some new wheels, although it's not clear yet when he might need to start driving his own car again. Millions more Americans will be climbing inside the latest models this year as auto shows come and go around the country. Wed, 8 Feb 2012 09:44:00 -0500 http://www.post-gazette.com/pg/12039/1208704-28-0.stm?cmpid=business.xml Also in today's headlines: Wed, 8 Feb 2012 00:00:00 -0500 http://www.post-gazette.com/pg/12039/1208706-28.stm?cmpid=business.xml If you think Pittsburgh's health insurance landscape has changed dramatically in the last year, you ain't seen nothing yet, according to six of the region's top insurance executives. Expect more friction between physicians and health plans as insurers try to wring what they call unnecessary procedures, scans and surgeries out of the system. Wed, 8 Feb 2012 00:00:00 -0500 http://www.post-gazette.com/pg/12039/1208708-28.stm?cmpid=business.xml It took about 450 million years, but the Utica Shale is finally having its moment in the sun. Seven deals involving the Ohio oil and gas formation totaled $6.7 billion in 2011 -- a huge increase from the single transaction worth $178 million in 2010. Wed, 8 Feb 2012 00:00:00 -0500 http://www.post-gazette.com/pg/12039/1208709-28.stm?cmpid=business.xml After successfully converting a vacant three-story building on Forbes Avenue into apartments and a restaurant, Mike Clements is back for an encore. The developer is seeking to transform an old cigar wrapping facility at 604 Liberty Ave., Downtown, into a two- or three-bedroom townhouse with a street level cafe or bistro. Wed, 8 Feb 2012 00:00:00 -0500 http://www.post-gazette.com/pg/12039/1208793-96-0.stm?cmpid=business.xml Workers in the digital era can feel at times as if they are playing a video game, battling the barrage of e-mails and instant messages, juggling documents, Web sites and online calendars. To cope, people have become swift with the mouse, toggling among dozens of overlapping windows on a single monitor. Wed, 8 Feb 2012 00:00:00 -0500 http://www.post-gazette.com/pg/12038/1208530-28.stm?cmpid=business.xml After riding among a caravan of bright blue bikes up Oakland's O'Hara Street Thursday, University of Pittsburgh senior Micah Toll said he wasn't surprised by the attention from onlookers. Especially considering that they were gliding up the inclined roadway at about 15 mph without pedaling. Tue, 7 Feb 2012 15:46:00 -0500 http://www.post-gazette.com/pg/12038/1208621-53-0.stm?cmpid=business.xml With the demolition of the Civic Arena in full swing, the city is preparing to give its consent to bring down part of another landmark building -- the Strip District's historic produce terminal. Urban Redevelopment Authority board members are expected to vote Thursday on a memorandum of understanding that clears the way for the Buncher Co. Tue, 7 Feb 2012 12:42:00 -0500 http://www.post-gazette.com/pg/12038/1208659-100.stm?cmpid=business.xml RTI International Metals Inc. posted a profit of $15,000 in the fourth quarter, an improvement over the Moon titanium producer's $1.4 million loss during the same period a year ago. Tue, 7 Feb 2012 10:25:00 -0500 http://www.post-gazette.com/pg/12038/1208524-28.stm?cmpid=business.xml A commercial made for the Doritos "Crash the Super Bowl" contest has won $1 million for its creator -- but it wasn't the one made by a Saxonburg native. Tue, 7 Feb 2012 00:10:00 -0500 http://www.post-gazette.com/pg/12038/1208529-28-0.stm?cmpid=business.xml LOS ANGELES Mirabelle Vargas, 29, winds her way through the open-air stalls in downtown Los Angeles' bustling Santee Alley, hunting for Victoria's Secret underwear. Or at least undies with a tag that says Victoria's Secret. Tue, 7 Feb 2012 00:10:00 -0500 http://www.post-gazette.com/pg/12038/1208525-28.stm?cmpid=business.xml Sarris Candies' landmark retail candy store in Canonsburg will remain closed for about a month after last week's fire, but candy orders and deliveries to outside sellers continue uninterrupted. Tue, 7 Feb 2012 00:09:00 -0500 http://www.post-gazette.com/pg/12038/1208527-28.stm?cmpid=business.xml Also in today's headlines: Tue, 7 Feb 2012 00:00:00 -0500 http://www.post-gazette.com/pg/12038/1208631-96-0.stm?cmpid=business.xml Stephen Wolfram, a 52-year-old scientist, software designer and entrepreneur, tends to go his own way -- often with noteworthy results. He published his first physics paper at 15, earned his Ph.D. from Caltech at 20 and two years later won a MacArthur prize. Tue, 7 Feb 2012 00:00:00 -0500