Fri, 28 Apr 2017 23:09:21 +0000
Main Event Entertainment, the Plano, Texas-based restaurant chain that packages bowling, food and other activities under one roof, is slated to open in North Fayette.
The company announced that it will open for business at 200 Quinn Dr. on Tuesday, May 2. The Pittsburgh site is one of seven locations to open throughout the country this year.
The announcement follows the company closing on buying the 65,000-square-foot former big box store in December, paying $8.25 million for it.
Since then, the…
Fri, 28 Apr 2017 23:02:27 +0000
United States Steel Corp. (NYSE: X) announced Friday that its restarted Midwest Plant in Portage, Indiana, hasn't run into any problems thus far.
The plant had been temporarily shut down earlier this month after the leak of a chemical, hexavalent chromium, was discovered in a waterway near Lake Michigan and fixed. It was restarted a few days later.
“Following the controlled, phased and highly monitored restart at our Midwest Plant, we are maintaining continuous inspection and monitoring of expansion…
Fri, 28 Apr 2017 20:13:18 +0000
NexTier Inc.’s acquisition of Manor Bank was approved by the Pennsylvania Department of Banking and Securities.
The deal, announced in December, is expected to be completed by the end of June. Both community banks are privately held.
Butler-based NexTier has 26 offices throughout Allegheny, Armstrong and Butler counties. Manor has two locations in Westmoreland County.
NexTier is the Pittsburgh metro’s 14th-largest bank, as ranked by deposit market share. This is the third deal for NexTier…
Fri, 28 Apr 2017 18:11:21 +0000
Werner Baumann, CEO of Bayer AG, told shareholders Friday that improving Monsanto's reputation will present a challenge to Bayer following its planned $66 billion takeover of the company.
"Monsanto's image does of course represent a major challenge for us, and it's not an aspect I wish to play down," Baumann said during the company's annual meeting, Reuters reports. He added that Bayer will face the challenge with the qualities that have made the company "what we are today: openness, expertise and…
Fri, 28 Apr 2017 16:18:49 +0000
Former Pennsylvania Secretary of Revenue David L. Donahoe has been named interim CEO of the Port Authority of Allegheny County.
Donahoe will replace Ellen M. McLean, who is leaving May 31 with the expiration of her contract. Donahoe's first day as interim CEO will be June 1. The Port Authority board is conducting a search for a permanent CEO.
Donahoe has been Pennsylvania's revenue secretary, director of aviation for the Allegheny County Airport Authority, executive secretary to Mayor Richard S.…
Fri, 28 Apr 2017 13:07:58 +0000
The Angel Capital Association honored Catherine Mott, founder of Wexford-based BlueTree Allied Angels and BlueTree Venture Fund, at the 2017 ACA Summit in San Francisco. Mott won the Hans Severiens Award, presented annually to an individual who advances the field of angel investing.
BlueTree Allied Angels had invested more than $42 million in 55 startups, many in the Pittsburgh region, by the end of 2016. BlueTree Venture Fund has $10 million under management.
Mott is a member of the Securities…
Fri, 28 Apr 2017 12:46:42 +0000
84 Lumber, the Pennsylvania-based building materials supplier, is set to open its second Massachusetts location — this time a little closer to Boston.
The company will hold a grand opening for the store at 54 High St. in Holbrook on May 11. The chain based in the Pittsburgh area already has a store in West Springfield.
“With the opening of this store, we’re not only expanding our footprint but also building new relationships with customers throughout Boston, Cape Cod and Providence,” said…
Fri, 28 Apr 2017 11:49:51 +0000
A former Carnegie Mellon University robotics expert will lead Uber Technologies Inc.'s self-driving vehicle effort after its previous head, embroiled in the court fight with Google over autonomous vehicle technology, announced in an email that he wouldn't be leading that effort anymore.
Eric Meyhofer, who had been working at Uber's operations in the Strip District since 2015, will now be in charge of its Advanced Technologies Group, according to Business Insider, which broke the story Thursday night.…
Fri, 28 Apr 2017 11:00:05 +0000
Total building construction starts in the Pittsburgh metro rebounded in March after a weak start to the year, according to a Dodge Data & Analytics report.
Compared to March of 2016, nonresidential starts were up 142 percent to $61.1 million from $25.2 million, and residential starts were up 65 percent, from $88.2 million last year to $145.5 million for March of 2017. Total starts were up 82 percent to $206.5 million.
This comes after the first two months of the year were down 48 percent from 2016…
Fri, 28 Apr 2017 11:00:00 +0000
Citizens Bank on Thursday said that 10 nonprofit organizations in the Pittsburgh area will receive $112,000 in contributions as part of its Citizens Helping Citizens Manage Money financial literacy initiative.
Throughout Providence, R.I.-based Citizens Financial Group's footprint, it is contributing $1.4 million to 80 nonprofits as well as volunteer outreach. Citizens is the third-largest bank in the Pittsburgh metro as ranked by deposit market share.
The local recipients and how the money will…