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Home » Investment » Page 104

Investment

Viatris releases additional details of multi-year global restructuring initiative

By Debra Flax  |   December 15, 2020   |   Companies

Pittsburgh-based Viatris Inc. recently released additional details of its multi-year global restructuring initiative that when complete could involve a 20 percent reduction in its global workforce. ...

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Ben Franklin approves $250,000 in funding to four companies

By Melina Druga  |   December 15, 2020   |   Companies

The Ben Franklin Technology Partners of Northeastern Pennsylvania’s board of directors recently approved $250,000 in investments to support four early-stage companies. Established manufacturers w...

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FCC fund will increase internet access in rural areas

By Melina Druga  |   December 14, 2020   |   Federal

The Federal Communications Commission’s (FCC) Rural Digital Opportunity Fund Phase I auction will provide high-speed internet service to more than 327,000 Pennsylvanians. In Pennsylvania, nearly ...

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IO Biosciences awarded US patent for GEMS technology

By Melina Druga  |   December 14, 2020   |   Companies

The U.S. Patent and Trademark Office recently awarded Doylestown-based IO Biosciences with a patent for nucleic acid constructs comprising gene-editing multisites (GEMS) and their uses. According t...

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Justice Department urges overturn of PennEast Pipeline Ruling

By Hil Anderson  |   December 11, 2020   |   Featured

The court decision that derailed the PennEast natural-gas pipeline project last year should be overturned to maintain the efficient flow of energy in the United States, the U.S. Department of Justice ...

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Bowery Farming to open facility in Bethlehem

By Melina Druga  |   December 10, 2020   |   Companies

Bowery Farming, the nation’s largest vertical farming company, recently announced it is expanding into Pennsylvania. The company will build a 150,000-square-foot facility on an 8.7-acre site in B...

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Alcom purchases Bethlehem printing company

By Melina Druga  |   December 10, 2020   |   Companies

Harleysville-based Alcom Printing Group, provider of integrated solutions for print, direct mail, marketing, and business development, recently purchased Christmas City Printing (CCP) in Bethlehem. ...

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Canon Business Process Services doubles size of Scranton facility to meet client demand

By Debra Flax  |   December 9, 2020   |   Companies

Canon Business Process Services said it has doubled the size of its Eastern regional Business Processing Center in Scranton to meet increased client demands. The now-20,000 square foot facility ope...

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Guardian Capital Partners invests in workforce solutions company

By Melina Druga  |   December 9, 2020   |   Companies

Guardian Capital Partners, a Wayne-based private equity firm, recently invested in Warminster-based Havis, a designer and manufacturer of mobile workforce solutions for public safety and enterprise ma...

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Pittsburgh-area life science companies form partnerships

By Melina Druga  |   December 9, 2020   |   Companies

LifeX Labs, a Pittsburgh life sciences startups, and Pittsburgh Life Science Greenhouse (PLSG), a life sciences economic development organization, recently formed a strategic alliance to accelerate in...

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Congressional leadership urged to provide restaurants COVID-19 relief

By Melina Druga  |   December 8, 2020   |   Federal

U.S. Rep. Brian Fitzpatrick (R-PA) recently joined 162 of his colleagues, urging Congressional leaders to include a $120 billion revitalization fund for small and independent restaurants in future COV...

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Senate Democrats plan includes $800 million for business assistance

By Melina Druga  |   December 8, 2020   |   Investment

The PA Senate Democratic Caucus recently revealed its $4 billion COVID-19 relief bill that includes $800 million for business assistance. The Pennsylvania Coronavirus Aid, Relief & Economic Securit...

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ATI announces exit from stainless sheet productions, refocuses on high-value strategy

By Debra Flax  |   December 4, 2020   |   Companies

Pittsburgh-based Allegheny Technologies Inc. (ATI) said it will exit stainless sheet products by mid-year 2021, instead streamlining its production footprint to focus on more high-return opportunities...

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Development authority approves three new loans

By Melina Druga  |   December 4, 2020   |   Companies

The Pennsylvania Industrial Development Authority recently approved three new low-interest loans for projects in Mercer, Susquehanna, and Westmoreland counties. The Regional Industrial Development ...

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Sens. Muth, Williams to introduce legislation to provide funding for transportation projects

By Melina Druga  |   December 3, 2020   |   Featured

State Sens. Katie Muth (D-Chester/Montgomery/Berks) and Lindsey M. Williams (D-Allegheny) announced plans to introduce legislation that would authorize the Pennsylvania Department of Transportation (P...

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Westinghouse contract will update nuclear facility

By Melina Druga  |   December 3, 2020   |   Companies

Westinghouse Electric Co. and Southern Nuclear Operating Co. recently signed an instrumentation and control (I&C) modernization contract with for new Digital Rod Position Indication (DRPI) Advanced Di...

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PPG announces plans to acquire global coatings manufacturer

By Debra Flax  |   December 2, 2020   |   Companies

PPG, a global supplier of paints, coatings, and specialty materials based in Pittsburgh, announced Monday plans to acquire Ennis-Flint, a global manufacturer of coatings, for approximately $1.15 billi...

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Alcoa sells rolling mill business

By Melina Druga  |   December 2, 2020   |   Companies

Alcoa Corp. recently agreed to sell its rolling mill business, held by Alcoa Warrick, to Kaiser Aluminum Corp. for approximately $670 million. The agreement includes $587 million in cash and the ...

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Aqua Pennsylvania receives grant to build water treatment facility

By Melina Druga  |   December 2, 2020   |   Companies

The Pennsylvania state budget, which became law on Nov. 23, provides Aqua Pennsylvania a $3.9 million grant to construct a treatment facility at its North Hills well in Upper Dublin Township, Montgome...

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US Steel closes on first green bond financing

By Debra Flax  |   November 30, 2020   |   Companies

United States Steel Corporation (U.S. Steel), based in Pittsburgh, announced last week the closing of $63.4 million in Environmental Improvement Revenue Bonds with a green bond designation issued thro...

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