The Herald, Sharon, Pa.

Business

November 13, 2009

Briefs

Coalition for Women in Business to meet

MERCER COUNTY — The Coalition for Women in Business will meet at 8 a.m. Tuesday at Bob Evans, 115. S. Hermitage Road, Hermitage, hosted by restaurant manager Liz Morgan.

The working-women’s support group is free and open to the public. The CWB holiday brunch will be 8 to 10 a.m. Dec. 15 at Legacy Banquet Center, 1946 Mercer-Grove City Road (Route 58). There is an optional ornament holiday gift exchange. The holiday event is $10 per person. To RSVP for either or both events, contact Kandis Suhar at 724-983-0400 or kandis.wildesuhar@wfadvisors.com

Northwest Savings rolls out mobile banking

NORTHWESTERN PENNSYLVANIA – Northwest Savings Bank has introduced Business Mobile Banking, which allows business customers to do their banking from a cellphone or a mobile communications device.

Customers can perform such functions as view recent transactions, check balances and pay bills. Customers of Mobile Business Banking customers must also be online banking customers. Northwest Savings Bank operates 171 community-banking locations in Pennsylvania, New York, Ohio, Maryland and Florida. 

Penn State bills on way as state funds in limbo

STATE COLLEGE, Pa. — Penn State mailed out second-semester tuition bills on Friday with rates unchanged from the fall even as state funding remains in legislative limbo.

A school spokeswoman says it’s a risky move because state lawmakers have yet to approve funding for Penn State and three other state-related institutions. The Senate has approved $334 million targeted for Penn State, though it’s unclear how the full Legislature may act. Lawmakers are trying to resolve differences on a bill to legalize and tax table games at the state’s slot-machine casinos. Penn State spokeswoman Lisa Powers says the school may have to take a second look at spring tuition if the university gets anything less than the Senate-backed dollar amount.

The other schools awaiting state funds are Pittsburgh, Temple and Lincoln.

Retailer rue21’s stock soars in IPO debut

NEW YORK — Shares of rue21 Inc. soared Friday in the retailer’s first day of trading.

Most of rue21’s merchandise is priced below $40 — great for consumers tightening their belts. The Warrendale, Pa. retailer operates more than 500 stores, including one at the Shenango Valley Mall in Hermitage, in 43 states and has plans to add 100 more next year.

Rue21’s stock, which trades under the ticker symbol “RUE,” rose $5.15, or 27 percent, to $24.15 in afternoon trading. Its initial public offering of about 6.8 million shares priced at $19 per share, above the $16 to $18 per-share range expected by underwriters, raising $128.6 million.



Local and wire reports

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Business
  • Authority OKs change order for temporary work

    Hermitage Municipal Authority begrudgingly approved paying more than $7,000 to move electric lines that will soon be abandoned.

    February 2, 2012

  • indianapolis.jpg Indy draws on super effort to overcome skeptics

    Leaders of Indiana's capital city spent years gussying up their downtown to prepare for Super Bowl XLVI -- by building big sports and convention venues and luring nice hotels, popular restaurants and a four-story shopping mall.

    January 31, 2012 1 Photo

  • Despite new construction, building slumps in city

    Although it’s hard to compare dollar values from today and even a few years ago, it’s safe to say there was not much new development in Hermitage in 2011.

    January 31, 2012

  • Distinguished service award going to Hudson

    On Feb. 2, Thiel College will recognize 10 faculty and staff members and John M. Hudson at the college’s annual Founders’ Day convocation in the Lutheran Heritage Room of the Howard Miller Student Center.

    January 27, 2012

  • Contractors, workers eye CHOICE housing jobs

    There are no guarantees that Shenango Valley residents will be among the workers who build a 34-unit apartment complex and 10 homes in Farrell, but an open house Wednesday gave them a chance to lay the groundwork to be considered.

    January 26, 2012

  • FNB: 2011 earnings up 16%

    FNB Corp. reported its fourth quarter earnings edge down slightly from a year ago but the results were due to a one-time credit a year ago of nearly $7 million. For all of 2011 earnings for the company were up 16 percent from 2010.

    January 24, 2012

  • Retiring Reichard feted for service to Penn-Northwest

    For more than a quarter of a century, Larry Reichard was the voice and spirit of Penn-Northwest Development Corp.

    January 20, 2012

  • GE receives order for 43 more locomotives

    GE Transportation on Tuesday said it signed a deal to sell 43 locomotives to Transnet SOC Ltd., South Africa, which will benefit its Grove City plant.

    January 11, 2012

  • City planners prefer new facade for Chipotle

    A month after calling the proposed Chipotle Mexican Grill building “ugly,” Hermitage Planning Commission Chairman Charles E. Rogers was much more reserved in his comments about a revised facade.

    January 10, 2012

  • Kelly raps role of feds in Volt fires

    U.S. Rep. Mike Kelly complimented General Motors Co. for telling Volt owners to return the car to dealers for repairs, but continued his call for repealing the $7,500 tax credit for the plug-in electric-drive vehicles.

    January 9, 2012