Starbucks has begun identifying hundreds of locations that will be closed as part of the Seattle coffee chain's move to pare its store base but, so far, only one location in Western Pennsylvania appears to be on the list. A site at Station Square is among 21 Pennsylvania stores to be shuttered. Starbucks announced in early July that it would close approximately 600 company-operated stores nationwide beginning this month and continuing through the first half of the next fiscal year.
MED3000 partnering with Japanese companyMED3000 Group Inc., a provider of health-care management and technology products, said yesterday that it has entered into a partnership with Mitsui & Co. (USA) Inc., a New York-based company with 70 group companies in such diverse activities as iron and steel products, organic and inorganic chemicals, and foods and retail. MED3000 said as part of the deal Mitsui, a subsidiary of Mitsui & Co. of Japan, would take a 37 percent stake in MED3000. Green Tree-based MED3000 employs between 75 and 100 locally and 1,500 nationwide, with annual revenue of $120 million.
Hilton workers get their pay on paydayEveryone got paid on payday yesterday at the Pittsburgh Downtown Hilton, said General Manager Tim Zugger, who said the hotel has had to deal with several financial issues at once. The hotel had trouble making payments to the pensions of the members of the Hotel And Restaurant Union Local 57. Also, P.J. Dick, the contractor for the renovations now going on at the hotel, has stopped work on the outside of the building. Mr. Zugger said while the hotel does owe the contractor money, the work delay is because of a change in the architectural plans for the building, and that the contractor was awaiting delivery of new fabricated steel. Renovations have been going on for nearly two years.
State's jobless rate holds steady in JuneThe state's unemployment rate held steady in June -- 5.2 percent -- even though the number of Pennsylvanians working or looking for work fell by 12,000 from May. The number of nonfarm jobs rose by 800 in June to 5,806,500, the third-highest count on record, according to the Department of Labor & Industry. The nation's unemployment rate stood at 5.5 percent in both May and June.
FCC panel at CMU to discuss broadbandThe Federal Communications Commission will hold a public comment session and panel discussion on the future of broadband and digital media Monday at 4 p.m. at Carnegie Mellon University's McConomy Auditorium. The meeting will include FCC commissioners and industry experts, including HDNet founder and Chairman Mark Cuban. The public comment period starts at 6:30 p.m., following the panel discussions. The hearings will be broadcast live on WRCT-FM (88.3) and streamed live at www.fcc.gov/realaudio/#jul21 and www.wrct.org.
Also in business ...Israel-based Teva Pharmaceutical Industries said it would buy rival generic drug maker Barr Pharmaceuticals for nearly $7.5 billion ... Cellumen Inc. said it spun off its personalized medicine unit, which will be called Cernostics Pathology Inc. The new company will focus on digital imaging pathology and tissue-based diagnostics products ... Donald J. Binotto, who has been involved in tuna operations at both Del Monte Foods Co. and H.J. Heinz Co., has been named president and chief executive officer of the StarKist brand operations of Dongwon Enterprise Co., the South Korean company that is buying StarKist for $363 million from Del Monte ... Commercial National Financial Corp., Latrobe, posted second-quarter net income of $961,000, or 32 cents per share, vs. $716,000, or 24 cents, a year ago.