Pittsburgh Business Times articles from April 1990

Pittsburgh Business Times archives from April 1990

Kerotest Manufacturing Corp. (News Briefs)
April 30, 1990... Kerotest in deal Kerotest Manufacturing Corp. said it has entered an agreement with Neles-Jamesbury Corp. of Massachusetts that will allow Neles to market the Kerotest Hermetic Bellows Stem Seal Device along with Neles' ball and butterfly...

Linc Corp. (News Briefs)
April 30, 1990... Linc renews agreements Linc Corp. recently recognized two of its franchisees from Ohio who have reached the 10th year of their affiliation with them and have renewed their agreements for the third consecutive term. Linc Corp. is...

AIM Resources. (News Briefs)
April 30, 1990... AIM to research Air Products and Chemicals Inc. of Allentown has hired AIM Resources to complete research on steel markets for Air Products' Split Fire Oxy-gas Burner.

Coyne Advertising & Public Relations. (News Briefs)
April 30, 1990... Coyne gets account Coyne Advertising & Public Relations has acquired the Greater Boston Culligan Dealers account. With the addition of the Boston group, Coyne now handles the advertising for Culligan dealers in 25 cities.

Synapse Group. (News Briefs)
April 30, 1990... Sleeping Giant opens The Sleeping Giant, a store that specializes in custom-made mattresses and fine linens and draperies, has opened its second store at Ross Park Mall.

II-VI Corp. (Earnings)
April 30, 1990... II-VI Corp. reported a 1990 third quarter net income of $181,000 on sales of $3.9 million, compared to a net income of $487,000 on sales of $3.8 million for the same quarter the previous year.

Wean Inc. (Earnings)
April 30, 1990... Wean Inc. reported a 1990 first quarter net income of $1.1 million on sales of $22.8 million, compared to a net income of $316,000 on sales of $33.2 million for the same quarter the previous year.

Chambers Development Co. Inc. (Earnings)
April 30, 1990... Chambers Development Co. Inc. reported a 1990 first quarter net income of $7.9 million on sales of $59 million, compared to a net income of $5.5 million on sales of $36.8 million for the same quarter the preceding year.

Wheeling-Pittsburgh Steel Corp. (Earnings)
April 30, 1990... Wheeling-Pittsburgh Steel Corp. reported a 1990 first quarter net income of $35.6 million on sales $256.8 million, compared to a net income of $45.8 million on sales of $287.5 million for the same quarter the previous year.

Southwest National Corp. (Earnings)
April 30, 1990... Southwest National Corp. reported a 1990 first quarter net income of $1.2 million, compared to a net income of $1.2 million of the same quarter the previous year.

Ampco-Pittsburgh Corp. (Earnings)
April 30, 1990... Ampco-Pittsburgh Corp. reported 1990 quarter net income of $3.2 million on sales of $58.9 million, compared to a net income of $1.7 million on sales of $54.3 million for the same quarter the previous year.

Fidelity Saving Association. (Earnings)
April 30, 1990... Fidelity Saving Association reported a 1990 second quarter net income of $268,000, compared to a net income of $552,000 for the same quarter the previous year.

Usbancorp Inc. (Earnings)
April 30, 1990... Usbancorp Inc. reported a 1990 first quarter net income of $2.1 million, compared to a net income of $1.5 million for the same quarter the previous year.

L.B. Foster Co. (Earnings)
April 30, 1990... L.B. Foster Co. reported a 1990 first quarter net income of $951,000 on sales of $56.3 million, compared to a net income of $544,000 on sales of $53.4 million for the same quarter the previous year.

Parkvale Financial Corp. (Earnings)
April 30, 1990... Parkvale Financial Corp. reported a 1990 quarter net income of $733,000, compared to a net income of $760,000 for the same quarter the previous year.

Lincoln Savings Bank. (Earnings)
April 30, 1990... Lincoln Savings Bank reported a 1990 quarter net income of $432,257, compared to a net income of $364,318 for the same quarter the previous year.

First Commonwealth Financial Corp. (Earnings)
April 30, 1990... First Commonwealth Financial Corp. reported a 1990 first quarter net income of $3 million.

First Western Bancorp Inc. (Earnings)
April 30, 1990... First Western Bancorp Inc. reported a 1990 quarter net income of $1.4 million, compared to a net income of $1.3 million for the same quarter the previous year.

Integra Financial Corp. (Earnings)
April 30, 1990... Integra Financial Corp. reported a 1990 first quarter net income of $17.4 million, compared to a net income of $17.1 million for the same quarter the preceding year.

Equimark Corp. (Earnings)
April 30, 1990... Equimark Corp. reported a 1990 first quarter net loss of $15.4 million, compared to a net income of $5.7 million for the same quarter the previous year.

Fidelity Savings Assn. (Dividends)
April 30, 1990... Fidelity Savings Assn. declared a quarterly dividend of $0.06 per share on its common stock, payable June 8, 1990 to shareholders of record May 10, 1990.

Laurel Savings Assn. (Dividends)
April 30, 1990... Laurel Savings Assn. declared a regular quarterly dividend of $0.06 per share on its common stock, payable June 1, 1990, to shareholders of record April 30, 1990.

First Western Bancorp Inc. (Dividends)
April 30, 1990... First Western Bancorp Inc. declared a dividend of $0.25 per share on its common stock, payable May 4, 1990, to shareholders of record April 30, 1990.

City in Centech's expansion plans. (Century Technologies Inc.) (company profile)
April 30, 1990... City in Centech's expansion plans Fifth Avenue grad looks home for new opportunities More than two decades ago, Donald Campbell left Pittsburgh and the Hill District in search of opportunities that he didn't think existed in his...

Lloyd-Jacob talks on Levinson Steel. (David O. Lloyd-Jacob)
April 30, 1990... Lloyd-Jacob talks on Levinson Steel David O. Lloyd-Jacob almost made it. Well experienced in the art of rapid business expansion, Lloyd-Jacob, a newly appointed Commander of the British Empire, came to Pittsburgh in 1983 to buy...

Local firms hope to find French connections. (Pittsburgh Chapter of the French-American Chamber of Commerce seeks to encourage French investment in Pittsburgh area industry)
April 30, 1990... Local firms hope to find French connections French companies are rediscovering Pennsylvania. From high tech to engineering and steel producing, a new wave of French investment is flowing across the Atlantic. It's showing up in acquisitions,...

High hopes at Carnegie Group for new initiative. (Initiative for Managing Knowledge Assets)
April 30, 1990... High hopes at Carnegie Group for new initiative Carnegie Group Inc.'s formal announcement last week concerning the formation of Initiative for Managing Knowledge Assets (IMKA) falls nicely into the company's strategy for change. IMKA,...

Wean report positive. (sheet steel industry) (company profile)
April 30, 1990... Wean report positive Wean Inc. officials said their fifth consecutive quarter of profits is an indication the company's restructuring program is working. Wean President R.J. Wean III said the company has received no major orders in the...

Tool firm bought. (Bon Tool Co. acquired Gem Cement Tol)
April 30, 1990... Tool firm bought Bon Tool Co. of Gibsonia said it has acquired Gem Cement Tol from Dayton Automatic Stoker. The Dayton operations will be moved to Gibsonia. Bon Tool manufactures or distributes 3,000 tools for the construction industry.

A tiny bug could munch up state tree profits. (pear thrips attack orchards of sugar maple industry in Pennsylvania)
April 30, 1990... A tiny bug could munch up state tree profits The state's $3.5 million sugar maple industry could be severely damaged if a small bug notorious for attacking orchards is left unchecked, according to a handful of researchers and maple syrup...

Credit group hits record. (Westinghouse Credit Corp.)
April 30, 1990... Credit group hits record Westinghouse Credit Corp. reported a record first quarter profit of $42 million, which represents an increase of 18 percent versus a profit of $35.6 million in the same period in 1989. But Standard & Poor's...

Legent to buy stock. (computer software firm)
April 30, 1990... Legent to buy stock Legent Corp. has adopted a program to purchase up to 1 million shares of its common stock, from time to time, in open market transactions. The company reportedly regards the stock as attractively priced in the...

Auto-Matrix agreement. (American Auto-Matrix)
April 30, 1990... Auto-Matrix agreement American Auto-Matrix has announced a formalized OEM agreement with E.H. Price Ltd. of Winnipeg, Canada. According to the agreement, E.H. Price Ltd. will purchase SOLO/TXs, microprocessor-based terminal unit...

USW wins. (United Steelworkers organize at McConway Torley Co.)
April 30, 1990... USW wins The United Steelworkers said the union has won an organizing drive at McConway Torley Co. in Lawrenceville by a vote of 57-47. The USW will now represent the 115 employees. The company produces rail car parts and reopened in 1986...

Firm changes name. (Begler, Demarco and Ombres to Begler, Kowall and Ombres)
April 30, 1990... Firm changes name The law firm of Begler, Demarco & Ombres has changed its name to Begler, Kowall & Ombres. Ann Lee Begler, Carol Kowall and Richard S. Ombres are partners in the firm with offices at One Mellon Bank Center, Grant Street....

MSA has best sales, earnings. (Mine Safety Appliances Co.) (company profile)
April 30, 1990... MSA has best sales, earnings Mine Safety Appliances Co. reported record sales and earnings for 1989 at its annual meeting Apr. 25. Consolidated sales in 1989 were $414,965,000, up from $397,425,000 in 1988, reported L. N. Short Jr.,...

Armco in deal. (Armco Inc. and Acerinox S.A.)
April 30, 1990... Armco in deal Armco Inc. and Acerinox S.A. of Spain officially signed a joint venture agreement April 20 that will result in construction of a new $222 million steel plant. The venture will be known as North American Stainless and will...

RTC contract awarded. (United States Resolution Trust Corp.; Golden Triangle Management Group Inc.)
April 30, 1990... RTC contract awarded Golden Triangle Management Group Inc. was awarded a property management contract in the Greater Pittsburgh area by the Northeastern Consolidation Office of Resolution Trust Corp. (RTC). The local portfolio is...

FORMTEK in Japan. (Formative Technologies Inc.; contract with Marabeni Electronics Co. Ltd)
April 30, 1990... FORMTEK in Japan FORMTEX Inc., a leading supplier of image-based engineering document management systems, has formed a partnership with Marubeni Electronics Co. Ltd. who will exclusively distribute FORMTEK's software products in Japan. ...

ACT forms affiliate. (Alternative Computer Solutions formed Alternative Computer Technologies)
April 30, 1990... ACT forms affiliate One of Pittsburgh's oldest mini-computer vendors, Alternative Computer Solutions, has announced the formation of a new affiliate, Alternative Computer Technologies (ACT), to design, sell and service computer networks....

Marc selected. (Marc and Company Inc. selected by Stanley Steemer International)
April 30, 1990... Marc selected Stanley Steemer International of Dublin, Ohio, has selected Marc Advertising to develop and execute its marketing, promotion and general advertising programs nationwide. Specializing in consumer and commercial carpet...

Firms acquired. (Security Bureau Inc. acquired American Security Patrol Inc. CBA Security Service Inc.)
April 30, 1990... Firms acquired Security Bureau Inc., a wholly owned subsidiary of Chambers Development Co. Inc., has acquired two security firms that are expected to generate annual revenue of more than $6.4 million. SBI acquired American Security...

Mercy enters nurse staffing venture; for-profit entity could reach $3 million revenue level. (Mercy Health United)
April 23, 1990... Mercy enters nurse staffing venture For-profit entity could reach $3 million revenue level Mercy Health United, an affiliate of Mercy Hospital, has entered a joint venture with a professional nursing company that is designed to meet...

Private industry council reorganizing. (Pittsburgh-Allegheny County Private Industry Council)
April 23, 1990... Private Industry Council reorganizing The Pittsburgh-Allegheny County Private Industry Council (PIC) has undergone a reorganization that has split the current organization into two separate entities. On April 4, the city of Pittsburgh...

Japonica set to fight for AI. (Japonica Partners LP.; Allegheny International Inc.)
April 23, 1990... Japonica set to fight for AI A Rhode Island investment group that the Wall Street Journal just a year ago referred to as a "mystery investment group" and "novice raiders" has raised eyebrows recently by placing significant amounts of cash...

Sony needs good start for big regional impact.
April 23, 1990... Sony needs good start for big regional impact Sony Corporation of America's decision to locate a television tube manufacturing plant in Westmoreland County could be the economic jumpstart southwestern Pennsylvania has been looking for, or...

Action names CEO. (Action Industries Inc. names Ernest S. Berez as chief operating officer)
April 23, 1990... Action names CEO Ernest S. Berez, chairman and chief executive officer of Action Industries Inc., announced that R. Craig Kirsch will assume the additional responsibilities of chief executive officer, effective July 31, 1990. After July...

Allegheny using NeXT to promote interaction. (Allegheny College to purchase 42 NeXT Corp. computers)
April 23, 1990... Allegheny using NeXT to promote interaction Allegheny College, a private liberal arts college in Meadville, Pa., is one of Steve Jobs' most satisfied customers. Its purchase of 42 NeXT computers since last August has enabled the...

Jobs' soaring aspirations. (Steven Jobs)
April 23, 1990... Jobs' soaring aspirations Steven Jobs never had intentions of becoming the celebrity he is today. The co-founder of Apple Computer did not even intend to start his own company. "We (he and co-founder Steve Wozniak) just wanted to...

City and business leaders bridge ties to France. (Pittsburgh, Pennsylvania)
April 23, 1990... City and business leaders bridge ties to France Local business and political leaders recently applauded a high-ranking French official for trying to persuade Air France to fly into Pittsburgh. Edith Cresson, secretary for European...

SBDC originates program to promote exporting. (Duquesne University's Small Business Development Center)
April 23, 1990... SBDC originates program to promote exporting Duquesne University's Small Business Development Center (SBDC) has established a division to convince western Pennsylvania agricultural, manufacturing and high technology companies that exporting...

Equimark reports loss.
April 23, 1990... Equimark reports loss Equimark officials last week said dumping bad loans and building up a reserve against loan losses contributed to Equimark's $15.4 million first quarter loss. But bank officials said at their recent annual...

Heaton says imports await. (Robert Heaton chairman of the Specialty Steel Industry of the United States)
April 23, 1990... Heaton says imports await A specialty steel industry executive says the United States should be wary of any short-term commitments by foreign steel companies to reduce subsidies granted by their governments. Robert E. Heaton, chairman...

Medrad settles suit. (resolves patent infringement case with Liebel-Flarsheim Co.)
April 23, 1990... Medrad settles suit Medrad, Inc., a Pittsburgh-based medical products manufacturer, and Liebel-Flarsheim Co., a Cincinnati-based supplier of specialty diagnostic imaging equipment, have resolved a patent infringement lawsuit filed by...

CMU joins with Bosch in establishing institute. (Carnegie Mellon University; Bosch Industrieuhand KG; Carnegie Bosch Institute for Applied Studies in International Management)
April 23, 1990... CMU joins with Bosch in establishing institute Carnegie Mellon University and Robert Bosch Industrietreuhand KG, one of West Germany's largest industrial corporations, announced last week that the two will team up to establish an institute...

Johnson switches firms. (J. Alan Johnson joins Swensen Perer & Johnson)
April 23, 1990... Johnson switches firms Former U.S. Attorney J. Alan Johnson has left Reed Smith Shaw & McClay for Swensen Perer & Johnson, a small litigation firm in the city. Johnson, 45, of Ross Township, a career prosecutor who joined the largest...

Plan supported. (Official Committee of Equity Security Holders of Wheeling-Pittsburgh Steel Corp. agree to reorganization)
April 23, 1990... Plan supported The Official Committee of Equity Security Holders of Wheeling-Pittsburgh Steel Corp. said it has agreed in principle to recommend a reorganization plan backed by the company and the unsecured creditors. The plan offers 1.5...

USW member fined. (Malcolm V. Hay of the United Steel Workers convicted of embezzlement)
April 23, 1990... USW member fined U.S. District Judge Glenn E. Mencer sentenced Malcolm V. Hay, 36, of Washington, Pa., to pay restitution of $6,742, pay a fine of $3,000, serve five years of probation and to be prohibited from holding union office for 13...

BBI acquires High Technology Associates. (Blattner/Brunner Inc.)
April 23, 1990... BBI acquires High Technology Associates Blattner/Brunner Inc., the ninth largest Pittsburgh advertising agency, according to the Pittsburgh Business Times 1990 Book of Business Lists, has acquired High Technology Associates, specialists in...

Robinson selected. (Budget Rent-a-Car Corp. selects William A. Robinson Inc. as its marketing agency)
April 23, 1990... Robinson selected Budget Rent a Car Corp. has selected William A. Robinson, a unit of Pittsburgh-based Ketchum Communications, as its marketing services agency for travel marketing programs. WAR will handle promotional planning,...

Tal gets accounts. (named agency of record by the Pittsburgh Mercy Health System)
April 23, 1990... Tal gets accounts Tal Inc. has been named agency of record by The Pittsburgh Mercy Health System. The System includes Mercy Hospital, the Mercy Hospital Foundation, St. John's Mercy Health Center and Mercy Life Center. Tal will handle...

Morrow adds clients. (Beverly Morrow Associates)
April 23, 1990... Morrow adds clients Beverly Morrow Associates, a public relations and advertising firm, has added three clients: Maginations, the Intestinal Disease Foundation and McCauslands Studios Ltd.

Jampole selected. (Cohen & Grigsby selects Jampole Communications as its public relations firm)
April 23, 1990... Jampole selected Cohen & Grigsby, a Pittsburgh law firm, has selected Jampole Communications as its agency of record for public relations, advertising and corporate communications. Jampole Communications will provide a wide range of...

RIDC tries to revive former city industrial sites. (Regional Industrial Development Corp.)
April 23, 1990... RIDC tries to revive former city industrial sites In the last 10 years, Regional Industrial Development Corp. (RIDC) has expanded its primarily suburban interests to venture into city areas. RIDC currently is involved in the...

Gustine leases space. (Gustine Co.)
April 23, 1990... Gustine leases space Jack Tipton of The Gustine Co. announced the following transactions: * SmithKline Beechman Consumer Brands has signed a five-year lease to occupy 5,255 square feet in Twin Towers Office Building. William Gormley,...

Hanna division moves. (Howard Hanna Real Estate Services' Condominium Sales Division)
April 23, 1990... Hanna division moves Howard Hanna Real Estate Services' Condominium Sales Division moved to 400 S. Craig St., between Fifth and Forbes avenues in Oakland. Established in 1977, the condominium division has 26 sales associates who serve...

Joint effort announced. (Union National Bank, Pittsburgh History & Landmarks Foundation and the Pittsburgh Community Reinvestment Group)
April 23, 1990... Joint effort announced Union National Bank, Pittsburgh History & Landmarks Foundation (PHLF) and the Pittsburgh Community Reinvestment Group recently announced joint efforts to provide low-interest loans for housing and commercial...

Landmark negotiates. (Landmark Properties Inc. leases space to Baseball Card Castle)
April 23, 1990... Landmark negotiates Janice Y. McClusky of Landmark Properties Inc. said that Jeff Patton and Jim Romeo of Baseball Card Castle have leased 1,600 square feet of space in Cranberry Garden Plaza, Cranberry Township, for a five-year term...

USX Tower gets new GM. (Frederick F. Tompkins)
April 23, 1990... USX Tower gets new GM The Galbreath Co., which took over leasing and management of the USX Tower on March 1, recently named Frederick F. Tompkins as the building's new general manager. Tompkins is responsible for all management and...

McKenzie work begins. (office renovations at P.C. McKenzie Co.)
April 23, 1990... McKenzie work begins Renovations are being done to P.C. McKenzie Co.'s Upper St. Clair building at 1365 McLaughlin Run Road. The office and warehousing facility, designed by RSH Architects of Mt. Lebanon, will accommodate sales,...

DQE in agreement. (to sell 500 megawatts of electricity to General Public Utilities Corp.)
April 23, 1990... DQE in agreement DQE, Duquesne Light's holding company, has signed an agreement to sell 500 megawatts of electricity to General Public Utilities of eastern Pennsylvania and New Jersey, a transaction that will create 2,000 jobs and restart...

Mellon gets process. (Mellon Bank acquires automated teller machine processing business of Ameritrust Corp.)
April 23, 1990... Mellon gets process Mellon Bank recently announced its second ATM processing acquisition in less than five weeks. Mellon Bank acquired the automated teller machine processing business of the InstaNet regional network from Ameritrust...

Foster chief resigns. (Joseph H. Dugan of L.B. Foster Co.)
April 23, 1990... Foster chief resigns L.B. Foster Co. President Joseph H. Dugan will resign his position on May 8 to return to consulting work. He was elected president in October 1987. No successor has been named.

Noxso breaks ground. (Toronto, Ohio)
April 23, 1990... Noxso breaks ground Noxso Corp. broke ground April 18 for a pilot plant at Ohio Edison Corp.'s Toronto, Ohio, power plant to demonstrate its pollution control technology that removes up to 90 percent of both sulfur and nitrogen oxides from...

Victory claimed. (National Intergroup Inc. and Centaur Partners Group in proxy battle)
April 23, 1990... Victory claimed Both National Intergroup Inc. and Centaur Partners Group, an investment group that is waging a proxy battle for NII, claimed victory in an attempt by Centaur to amend NII's bylaws. Centaur said it received consents...

Mobay chief retires. (Nick Prater)
April 23, 1990... Mobay chief retires Mobay Corp. said its President and chief executive officer, Nick Prater, will retire July 1 and be replaced by Jochen C. Wulff, Mobay's executive vice president. Prater will be 62 in May.

NMS deal complete. (Anderson Group PLC acquires National Mine Service Co.)
April 23, 1990... NMS deal complete Anderson Group PLC has successfully completed the tender offer of $8.875 per share for all the outstanding common shares of National Mine Service Co. that the Scottish firm did not already own. Anderson said April 12 that...

National study findings revealed by AGH team. (Allegheny General Hospital)
April 23, 1990... National study findings revealed by AGH team Allegheny General Hospital recently announced results of a national study designed to determine the effectiveness of two drugs in reducing some of the neurological damage found after spinal cord...

Lincoln reports earnings. (Lincoln Savings Bank)
April 23, 1990... Lincoln reports earnings Lincoln Savings Bank recently reported earnings of $432,257, or 48 cents per share of common stock. David B. Hartman, board chairman of Lincoln Savings Bank, said the figures represent an increase of 18.65...

CNG executives honored. (Consolidated Natural Gas Co.)
April 23, 1990... CNG executives honored Consolidated Natural Gas Co. vice Chairman Ralbern H. Murray was named 1989 marketing executive of the year by the American Gas Association and CNG Senior Vice President Lester D. Johnson was named an honorary member...

AEG gets contract. (AEG Westinghouse Transportation Systems Inc. receives contract from URC)
April 23, 1990... AEG gets contract AEG Westinghouse Transportation Systems Inc. has received a contract from URC to provide the propulsion system for a new fleet of subway cars in Taipei, Taiwan. The award comes under a $170 million contract URC of Yonkers...

Mesta completes contract. (Mesta International)
April 23, 1990... Mesta completes contract Mesta International has completed the design, detail and supply of liquid steel handling equipment for the Shoudu Iron and Steel Co. single-strand continuous slab caster in Beijing, China.

Alcoa. (Earnings)
April 23, 1990... Alcoa reported a 1990 first quarter net income of $148.6 million on sales of $2.636 billion, compared to a net income of $276 million on sales of $2.624 billion for the same quarter the previous year.

Sulcus Computer Corp. (Earnings)
April 23, 1990... Sulcus Computer Corp. reported a 1990 first quarter net loss of $159,141 on sales of $1.2 million, compared to a net loss of $39,582 on sales of $800,123 for the same quarter the previous year.