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Top News & Analysis Pennsylvania

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  • Steelworkers plan to form a "practice picket line" on Tuesday at ArcelorMittal Minorca in Virginia, Minnesota. "People are a bit anxious now because it's coming down to the wire," said Harold Anderson, an ArcelorMittal electrician who has worked in the 310- employee Minorca taconite plant in Virginia for nearly eight years. Steel and ArcelorMittal— the world's...

  • SAN FRANCISCO, Aug 28- Uber Technologies Inc has hired two top vehicle security researchers, the company said on Friday, additions to its staff that come as the ride-hailing service ramps up its work on technology for self-driving cars. Charlie Miller, who had been working at Twitter Inc, and Chris Valasek, who worked at security firm IOActive, left their jobs on...

  • NEW YORK, Aug 28- After a dizzying two weeks that saw a rapid plunge and rebound in equity prices, investors are looking forward to a week of economic data that may provide clarity on the likelihood of a near-term U.S. interest rate hike and help tamp down the market's recent wild swings. Car sales, construction spending, the Federal Reserve's "beige book" and jobs...

  • 9 western Pennsylvania newspapers put up for sale Friday, 28 Aug 2015 | 10:30 AM ET

    PITTSBURGH— Nine western Pennsylvania publications, including four daily newspapers, are up for sale as Trib Total Media implements a strategic plan. The company said Friday it was selling The Valley Independent in Monessen, the Leader Times in Kittanning, The Daily News in McKeesport and the Daily Courier in Connellsville. They are The Mount Pleasant Journal,...

  • BRACKENRIDGE, Pa.— The United Steelworkers union planned to six rallies for workers locked out of Allegheny Technologies Inc. plants in western Pennsylvania and five other states. Industry analysts say that's a precursor to a tax on employee health plans that's set to take effect in 2018 under the Affordable Care Act championed by President Barack Obama.

  • Mylan shareholders approve pursuit of Perrigo Friday, 28 Aug 2015 | 8:12 AM ET

    NEW YORK— Mylan NV's shareholders approved the company's hostile pursuit of Perrigo Co. and the generic drugmaker hopes to push ahead with a formal offer soon. Perrigo, which makes over-the-counter medicines, has resisted repeated overtures from Mylan. In April, Mylan raised its offer for Perrigo to $232.23, or about $34.1 billion, in cash and stock.

  • Pennsylvania lighter maker to pay $186K for violations Thursday, 27 Aug 2015 | 2:44 PM ET

    BRADFORD, Pa.— Zippo, the Pennsylvania maker of iconic cigarette lighters best known for their distinctive metal cases, has agreed to pay $186,000 to settle allegations it violated federal hazardous waste laws. The U.S. Environmental Protection Agency said this week that Zippo Manufacturing Co.' s alleged violations included reporting and storage practices...

  • Some of the largest U.S. fund managers rely on BNY Mellon to calculate the net asset value of their funds but a failed software upgrade last weekend buckled the system just as investors headed into a tumultuous week of trading sparked by fears about the Chinese economy. "BNY Mellon is the plumber to mutual funds and capital markets," said Mike Mayo, a banking analyst...

  • But Heidi Hubbard, a lawyer for Coventry, said AIG had been aware that Coventry was selling certain policies at a gain and never objected. Coventry, founded by Philadelphia philanthropist Alan Buerger, is the "leader and creator" of the life settlement industry, according to its website. AIG bought nearly 7,000 life settlements from Coventry with a total face...

  • MONTPELIER, Vt.— Four years after flooding from Tropical Storm Irene nearly destroyed Vermont's fish hatchery in Roxbury, officials still are looking for the estimated $5 million it would take to rebuild it to meet modern standards. Meanwhile, a hatchery on the White River in Bethel owned by the federal government is closed although it was nearly fully repaired...

  • Fund managers rely on BNY Mellon to calculate the net asset value or NAVS of their funds but a failed software upgrade over the weekend floored its system just as investors were heading into a tumultuous week of trading sparked by fears about the Chinese economy.. "The system is up although some performance issues remain," BNY Mellon spokesman Kevin Heine said on...

  • PITTSBURGH— A record store owner is charged with using heroin addicts to shoplift more than $2 million worth of books, videos, and other products that he then resold online. Anthony Cicero, 50, of East Pittsburgh, has been charged with running a corrupt organization out of his Slipped Disc record store in Oakland, a trendy Pittsburgh neighborhood home to The...

  • Bimbo Bakeries recalls bread sold in 11 states Wednesday, 26 Aug 2015 | 6:44 PM ET

    NEW YORK— The maker of Sara Lee, Nature's Harvest and other brands is recalling about 48,000 packages of bread sold in 11 states because they may contain fragments of glass from a broken light bulb at a company factory. The recall covers seven different Sara Lee products, two each sold under the Nature's Harvest and Great Value brands, and one each for the Kroger,...

  • Aug 26- Wall Street racked up its biggest one-day gain in four years on Wednesday as fears about China's economy gave way to bargain hunters emboldened by expectations the U.S. Led by Silicon Valley stalwarts Apple, Amazon and Google, the surge put the brakes on a six-day losing streak that saw the S&P 500 surrender 11 percent. Some of the late-day rally was driven...

  • Judge reverses manslaughter conviction due to GM ignition Wednesday, 26 Aug 2015 | 4:16 PM ET

    PITTSBURGH— A Pennsylvania judge reversed the involuntary manslaughter conviction of a woman Wednesday after determining a faulty General Motors ignition switch contributed to her crashing into a school bus and utility pole, killing her teenage passenger. Police determined Ward-Green was driving 75 mph in a 35 mph zone when she crashed in 2010 in Penn...

  • *Cameron International soars on Schlumberger deal. Aug 26- Wall Street rallied more than 3 percent on Wednesday afternoon as fears about China's economy gave way to bargain hunters emboldened by expectations the U.S. All 10 major S&P 500 sectors were up, led by the technology index's 4.3 percent gain, raising expectations that Wall Street could snap a six-day...

  • US STOCKS-Wall St off highs as China worries persist Wednesday, 26 Aug 2015 | 1:07 PM ET

    *Cameron International soars on Schlumberger deal. Aug 26- U.S. stocks lost much of their early gains in afternoon trading on Wednesday as ongoing worries about China's economy outweighed the apparently receding chance of a U.S. rate hike in September. In the clearest indication yet that market ructions could affect U.S. monetary policy, New York Fed President...

  • US STOCKS-Wall St up on data, may end 6-day losing streak Wednesday, 26 Aug 2015 | 11:25 AM ET

    *Cameron International soars on Schlumberger deal. Aug 26- U.S. stocks rose in morning trading on Wednesday, helped by stronger-than-expected durable goods data, raising hopes that Wall Street will snap its six-day losing streak. Apple Inc provided the biggest boost to the three major U.S. indexes.

  • Dish and Sinclair agree in principle on new contract Wednesday, 26 Aug 2015 | 10:42 AM ET

    NEW YORK— Dish Network and Sinclair Broadcast Group, one of the largest TV broadcasters in the U.S., said Wednesday they've agreed on the outline of a new contract, one day after Sinclair's channels went dark for Dish customers. Sinclair's channels include affiliates of ABC, CBS, CW, Fox and NBC in markets throughout the country, including Washington DC, Seattle/...

  • La Salle University lays off 3 percent of workforce Wednesday, 26 Aug 2015 | 6:31 AM ET

    PHILADELPHIA— La Salle University's new president has announced the Philadelphia school has laid off 23 employees just two months into her tenure. Colleen Hanycz says she knew La Salle needed to make some changes but the cuts weren't something she anticipated. The Philadelphia Inquirer reports a $12 million deficit and a declining freshman enrollment is to...