Pittsburgh Business Times articles from October 1990

Pittsburgh Business Times archives from October 1990

City may yet get Ritz-Carlton hotel. (Pittsburgh, Pennsylvania)
October 29, 1990... City may yet get Ritz-Carlton hotel Former City Center player may land on Mt. Washington There is a possibility that Pittsburgh will have a Ritz-Carlton Hotel operating here after all. Officials at Ritz-Carlton, which had...

Adience Equities in acquisition mode. (company profile)
October 29, 1990... Adience Equities in acquisition mode Adience Equities Inc. officials say they will continue their acquisition strategy and expect the firm to remain profitable, despite warnings that recession is near. Adience, a producer of refractory...

Snyder's advertising approach gets business for him. (lawyer Edgar Snyder)
October 29, 1990... Snyder's advertising approach gets business for him It's certainly the best known index finger in western Pennsylvania. In front of it lie thousands of late-night and daytime television viewers, most of whom drive automobiles and,...

Retailers cautious entering holidays. (effects of Persian Gulf war on Pennsylvania department stores)
October 29, 1990... Retailers cautious entering holidays As the nation teeters back and forth over the possibility of a war breaking out in the Persian Gulf and national budget concerns whittle away at consumer confidence, retailers are carefully watching...

PUC gives final okay for natural gas rates. (Pennsylvania Public Utility Commission)
October 29, 1990... PUC gives final okay for natural gas rates Natural Gas companies serving Pittsburgh have recently received rate increases to reflect higher costs of doing business. Luckily for consumers, a decrease in the price these companies pay for...

Red River prepared to sell franchise concept. (Red River Barbecue's restaurant franchising program) (company profile)
October 29, 1990... Red River prepared to sell franchise concept After months of extensive planning, Red River Barbecue has initiated a formal franchising program. Enlisting the help of noted franchise consultant Kenneth Franklin, owner of...

Consolidation continues in Pa. (Pennsylvania)
October 29, 1990... Consolidation continues in Pa. Consolidation in a variety of financial institutions continues abreast in Pennsylvania as the industry nationally continues to contract, according to the state's Department of Banking annual report released...

High tech pizzamaker moves to next test phase. (Pizzabot, a robotic workstation for handicapped persons)
October 29, 1990... High tech pizzamaker moves to next test phase The PizzaBot, a robotic workstation that allows a handicapped person to make pizzas using voice commands, is entering its next phase of testing at the Vocational Rehabilitation Center. ...

Triple F named agent. (exclusive agent for Thirode of France' kitchen equipment)
October 29, 1990... Triple F named agent Thirode of France, one of the world's leading manufacturers of commercial kitchen equipment for cooking, preparation, distribution and cold storage, has named Triple F Inc., its exclusive agent for sales and service of...

Wheel Deliver rolls out service to Fox Chapel. (Pittsburgh, Pennsylvania) (company profile)
October 29, 1990... Wheel Deliver rolls out service to Fox Chapel Less than two years after launching a restaurant delivery business in the city's East End, entrepreneurs Tom Baron and Mike Hanley have decided to push north to the Fox Chapel area. On Oct....

Husband and wife tackle investment in USSR. (Kent Moors; Marina Moors; American-Soviet Investment & Development Associates Inc.) (company profile)
October 29, 1990... Husband and wife tackle investment in USSR |Look before you leap' is a motto that corporate America should adopt before it plunges into business ventures in the Soviet Union. Although business ventures in Eastern Europe and the Soviet...

West Penn shocked. (West Penn Power Co.'s rate request denied)
October 29, 1990... West Penn shocked West Penn Power Co. said it was shocked at a state ruling that reduced its rate request by $30 million and offered lower than requested rates of return. A Pennsylvania Public Utility Commission law judge recommended...

Mini-mall rejected. (Spahr Street Development Corp.'s plans for a mini-mall on Spahr Street, Shadyside Village, Pennsylvania)
October 29, 1990... Mini-mall rejected The Commonwealth Court has reversed a city Zoning Board of Adjustments decision, which was supported in Allegheny County Common Pleas Court, that would have allowed developer Catherine Cinquini, as Spahr Street...

German firm may be eyeing Consol. (Rheinbraun; Consolidation Coal Co.)
October 29, 1990... German firm may be eyeing Consol Industry rumors have spread in recent weeks that a deal is brewing between Consolidation Coal Co. and the German energy company, Rheinbraun. Rheinbraun already owns 24 percent of Consol's Bailey Mine in...

P&LE terminates union agreement. (Pittsburgh & Lake Erie Railrod)
October 29, 1990... P&LE terminates union agreement Pittsburgh & Lake Erie Railroad, on Oct. 24, gave 24-hour notice that it would end an agreement that delayed wage and staff cuts. Termination of the agreement, which affects workers from 14 unions, would...

Residents protest Wexford Mills mall. (Wondermall project of Oxford Development Co. and Western Development Corp.)
October 29, 1990... Residents protest Wexford Mills mall Pine and Marshall township resident groups are contesting Pine Township Supervisors' September vote to rezone two parcels of land to permit development of the $150 million Wexford Mills -- the...

Local firm cited. (B. Pepenella co. of McMurray, Pennsylvania)
October 29, 1990... Local firm cited The Occupational Safety and Health Administration has issued citations against B. Pepenella Co. of McMurray for violating safety regulations. OSHA proposed penalties of $14,400. OSHA said the company allegedly allowed...

Quick-lube outlets travel to clients. (Lube-To-U; VehiCare Pittsburgh)
October 29, 1990... Quick-lube outlets travel to clients By promising money and time savings, mobile quick-lube centers are hoping to take the inside track in the competitive, $8-billion quick lube industry. These mobile centers perform a number of...

Adience Equities Inc. (People)
October 29, 1990... Adience Equities Inc. Audience Equities Inc. announced that N. Roy Anderson has been appointed chief operating officer of Information Display Technology Inc.

Regency Hall Nursing Home Inc. (People)
October 29, 1990... Regency Hall Nursing Home Inc. Regency Hall Nursing Home Inc. announced the appointment of Ronald O. Kaiser to the board of trustees. Kaiser is the president and chief executive officer of The Kaiser Group.

Bob Arnoni. (People)
October 29, 1990... Bob Arnoni Bob Arnoni has been named executive vice president and chief executive officer of the Arnoni Group. In addition, Raymond D. Tedesco was named director of finance and Paul A. Mueller was selected as operations engineer for M.C....

Insurance National Search Inc. (People)
October 29, 1990... Insurance National Search Inc. Insurance National Search Inc. announced that Charles J. Vecchiola, owner of General Placement Service in Greensburg, Pa., was elected to serve as president of the firm for 1991.

Mascaro Inc. (Record: Contracts)
October 29, 1990... Mascaro Inc. Mascaro Inc. has been awarded the construction contract for Equitable Gas Co.s' new headquarters in Allegheny Center Mall, North Side. The contract is valued at about $500,000.

John T. Boyd Co. (Record: Contracts)
October 29, 1990... John T. Boyd Co. John T. Boyd Co. has been awarded the U.S. Bureau of Mines project entitled 'Development of Engineering, Operating and Environmental Data for Selected Mining Operations and Processing Plants in Poland.'

L.B. Foster Co. (Record: Earnings)
October 29, 1990... L.B. Foster Co. L.B. Foster Co. reported a 1990 third quarter net income of $889,000 on sales of $64.8 million, compared to a net income of $745,000 on $65.1 million for the same quarter the previous year.

Kennametal Inc. (Record: Earnings)
October 29, 1990... Kennametal Inc. declared a quarterly cash dividend of $0.29 per share on its common stock, payable Nov. 23, 1990, to shareholders of record Nov. 9, 1990.

Michael Baker Corp. (Record: Earnings)
October 29, 1990... Michael Baker Corp. Michael Baker Corp. reported a 1990 third quarter net income of $807,128 on sales of $35.9 million, compared to a net income of $727,596 on sales of $25.6 million for the same quarter the previous year.

PPG Industries. (Record: Earnings)
October 29, 1990... PPG Industries PPG Industries declared a quarterly cash dividend of $0.42 per share of its common stock, payable Dec. 12, 1990, to shareholders of record Nov. 9, 1990.

Wheeling-Pittsburgh Steel Corp. (Record: Earnings)
October 29, 1990... Wheeling-Pittsburgh Steel Corp. Wheeling-Pittsburgh Steel Corp. reported a 1990 third quarter net income of $24.5 million on sales of $286.6 million, compared to a net income of $46.5 million on sales of $297.7 million for the same quarter...

Tuscarora Plastics Inc. (Record: Earnings)
October 29, 1990... Tuscarora Plastics Inc. Tuscarora Plastics Inc. reported a 1990 fourth quarter net income of $1.2 million on sales of $20.7 million, compared to a net income of $1.2 million on sales of $21.5 million for the same quarter the previous year....

Allegheny Ludlum Corp. (Record: Earnings)
October 29, 1990... Allegheny Ludlum Corp. Allegheny Ludlum Corp. reported a 1990 first quarter net income of $17.0 million on sales of $270.8 million, compared to a net income of $34.1 million on sales of $267.0 million for the same quarter the previous year.

Hallwood Industries Inc. (Record: Earnings)
October 29, 1990... Hallwood Industries Inc. reported a 1990 second quarter net income of $104,000 on sales of $8.6 million, compared to a net income of $74,000 on sales of $6.4 million for the same quarter the previous year.

Weirton Steel Corp. (Record: Earnings)
October 29, 1990... Westinghouse Electric Corp. Eileen Massaro, vice president, indirectly purchased 200 shares of common stock at $32.13 per share on Aug. 3, 1990, and now indirectly holds 2,244. During the past six months, four insiders accumulated this stock...

Wean Inc. (Record: Earnings)
October 29, 1990... Wean Inc. Wean Inc. reported a 1990 third quarter net income of $1.0 million on sales of $26.7 million, compared to a net income of $1.9 million on sales of $31.9 million for the same period the previous year.

Zurn Industries Inc. (Record: Dividends)
October 29, 1990... Zurn Industries Inc. Zurn Industries Inc. declared a quarterly cash dividend of $0.22 per share of its common stock, payable Jan. 15, 1990, to shareholders of record Dec. 15, 1990.

Equitable Resources Inc. (Record: Dividends)
October 29, 1990... Equitable Resources Inc. declared a quarterly cash dividend of $0.355 per share of its common stock, payable Dec. 1, 1990, to shareholders of record Nov. 9, 1990.

Fidelity Savings Bank. (Record: Dividends)
October 29, 1990... Fidelity Savings Bank Fidelity Savings Bank declared a quarterly cash dividend of $0.06 per share of its common stock, payable Nov. 9, 1990, to shareholders of record Oct. 31, 1990.

How Pittsburgh real estate rates. (Pennsylvania)(Commercial Real Estate Issue: Facts & Figures)
October 29, 1990... How Pittsburgh real estate rates An excess of office space, combined with conservative trends in real estate financing, have led to weak, overbuilt markets across much of the United States, with tenants benefiting from rent concessions,...

A penchant for the past: architectural firm focuses on preserving landmarks, history. (Landmarks Design Associates)(Commercial Real Estate Issue: Profile) (company profile)
October 29, 1990... A penchant for the past Architectural firm focuses on preserving landmarks, history The story of how Ellis L. Schmidlapp became interested in historic preservation is rather ironic. It was the summer of 1969 and Schmidlapp was...

Pittsburgh profiles in community service. (Mary Lou Daniel; Wesley von Schack)(Commercial Real Estate Issue)
October 29, 1990... Pittsburgh profiles in community service Mary Lou Daniel Pittsburgh may be a wonderful place to live, but for a newcomer moving here the transition can be difficult. It's part of Mary Lou Daniel's job to make sure the difficulty...

Casey veto of S&L bill stirs debate. (Pennsylvania Governor Robert P. Casey; Savings & Loan)
October 22, 1990... Casey veto of S&L bill stirs debate Governor Robert P. Casey's veto of a bill that would have allowed Pennsylvania's savings and loans to operate nationwide ignores the market realities for thrifts today, according to those in the...

Armstrong Square may open next December.
October 22, 1990... Armstrong Square may open next December HUD application readied for $40 million Strip project If all goes well, Armstrong Square's first residents may be able to move into the $40 million apartment complex planned for the Strip...

Child care center added at Westin. (Westin William Penn Hotel)
October 22, 1990... Child care center added at Westin The child care center that recently opened in the Westin William Penn Hotel is expected to serve two purposes: As a convenience for employees and the business community, and as an incentive for guests to...

Anchors announced. (pioneer occupants for McIntyre Square)
October 22, 1990... Anchors announced The Pittsburgh-based First City Co., a real estate development, management and leasing firm, recently announced the anchors for McIntyre Square, a shopping mall development in the North Hills. Mark Zappala, director...

Venture entered. (joint ventures of Ketchum Public Relations and Food Consult)
October 22, 1990... Venture entered Ketchum Public Relations, through its Munich, Germany-based partner, Komplett-Buro, has entered into a joint venture with Food Consult, a food marketing communications company in Budapest, Hungary. Founded in 1982 in...

Poli, Cuteri merge. (Anthony G. Poli)(Alan Jesse Cuteri Architects)
October 22, 1990... Poli, Cuteri merge Anthony G. Poli and Alan Jesse Cuteri Architects, Pittsburgh-based architectural firms, merged to form Poli & Cuteri Architects. The firm engages in commercial, institutional and residential architecture in...

Managers buy health care products company. (DeVilbiss Health Care Inc.)
October 22, 1990... Managers buy health care products company A group of 33 managers, along with four other investors, recently assumed ownership of DeVilbiss Health Care Inc., a Somerset-based manufacturer of respiratory products. Terms were not...

Columbia increase. (Columbia Gas Transmission Corp.)
October 22, 1990... Columbia increase Columbia Gas Transmission Corp. has filed for a purchased gas adjustment with the Federal Energy Regulatory Commission. Columbia has asked for a commodity sales rate of $3.538 per dekatherm, effective Nov. 1. The current...

DQE signs deal. (Duquesne Light Co.)
October 22, 1990... DQE signs deal Duquesne Light Co. has finalized a deal in which General Public Utilities Corp. will buy half of the 300-megawatt Phillips power station. The power will be sold to GPU following construction of a 200-mile, 500-kilovolt...

Embassy Suites to open. (Embassy Suites Hotel)
October 22, 1990... Embassy Suites to open Embassy Suites Hotels will open its first Pittsburgh hotel in late November at Cherrington Corporate Center, near the Greater Pittsburgh International Airport.

Ground broken. (Chestnut Ridge Golf Club Inc. breaks ground for recreational and residential project)
October 22, 1990... Ground broken Chestnut Ridge Golf Club Inc., developer of The Chestnut Ridge Project, recently broke ground on The Colony, a multi-faceted recreational an residential golf community near Blairsville, Pa. The community will span about...

Mistick selected. (Mistick Construction)
October 22, 1990... Mistick selected Mistick Construction has been selected as the general contractor for a $4.1 million addition and renovation at the Bradford Woods Elementary School in Bradford Woods, Pa. John R. Moore, Mistick project manager, said...

Larsen selected. (Larsen and Ludwig Inc.)
October 22, 1990... Larsen selected Larsen and Ludwig Inc. was selected as the architect for Elkem Metals Co.'s new development center at the 79 North Industrial and Research Park in Aleppo Township. The two-story, 40,000-square-foot facility will consist...

Prudential acquires office. (Prudential Preferred Realty)
October 22, 1990... Prudential acquires office The Prudential Preferred Realty acquired Bending Oak Realty of Fox Chapel. Bending Oak owner Jane Moffet and sales associates Barbara Smith and Carole Nitsche will join Prudential's Fox Chapel office at 1376...

CEO hired. (Chief Executive Officer)
October 22, 1990... CEO hired Johnstown Axle Works announced that it has hired Theodore A. Leja as its president and chief executive officer. Leja was formerly president of Bethlehem Steel Corp.'s Bar, Rod and Wire Division.

Hoogovens Technical Services USA Inc. (People)
October 22, 1990... Hoogovens Technical Services USA Inc. announced the election of Thomas Kuchinic to president. He was formally executive vice president and also serves on the board of directors.

KPMG Peat Marwick Partners. (People)
October 22, 1990... KPMG Peat Marwick Partners announced the election of Robert C. Barry Jr. to the firm's board of directors. Barry will serve as an at-large member in order to continue in his role as managing partner of the firm's Pittsburgh office.

Westinghouse Credit Corp. (Record: Earnings)
October 22, 1990... Westinghouse Credit Corp. reported a 1990 third quarter net income of $31 million, compared to a net income of $35.5 million for the same quarter the previous year.

Alcoa. (Record: Earnings)
October 22, 1990... Alcoa reported a 1990 third quarter net income of $125.1 million on sales of $2.7 billion, compared to a net income of $219.0 million on sales of $2.8 billion for the same quarter the previous year.

Integra Financial Corp. (Record: Earnings)
October 22, 1990... Integra Financial Corp. reported a 1990 third quarter net income of $17.4 million compared to a net income of $18.2 million for the same quarter the previous year.

First Western Bancorp Inc. (Record: Earnings)
October 22, 1990... First Western Bancorp Inc. reported a 1990 third quarter net income of $1.3 million, compared to a net income of $1.3 million for the same quarter the previous year.

Mellon Bank Corp. (Record: Earnings)
October 22, 1990... Mellon Bank Corp. reported a 1990 third quarter net income of $66 million, compared to a net income of $63 million for the same quarter the previous year.

PNC Financial Corp. (Record: Earnings)
October 22, 1990... PNC Financial Corp. reported a 1990 third quarter of $55.9 million, compared to a net income of $126.9 million for the same quarter the previous year.

Parkvale Financial Corp. (Record: Earnings)
October 22, 1990... Parkvale Financial Corp. reported a 1990 first quarter net income of $844,000, compared to a net income of $704,000 for the same quarter the previous year.

First Federal of Western Pennsylvania. (Record: Earnings)
October 22, 1990... First Federal of Western Pennsylvania reported a 1990 third quarter net income of $504,000, compared to a net income of $440,000 for the same quarter the previous year.

Laurel Savings Assn. (Record: Dividends)
October 22, 1990... Laurel Savings Assn. declared a quarterly cash of $0.065 per share of its common stock, payable Nov. 30, 1990, to shareholders of record Oct. 31, 1990.

New location announced. (Fairfax Communication Inc.)
October 22, 1990... New location announced Roger Fairfax, president of Fairfax Communications Inc. (formerly Broadcast Time Services Inc.), announced the advertising and public relations firm relocated its offices to downtown Pittsburgh in the Cultural...

Senate selected. (Senate Engineering Co.)
October 22, 1990... Senate selected Senate Engineering Co. was selected by Regional Industrial Development Corp. (RIDC) to design the primary entrance roadway, an extension of Center Avenue, to the Industrial Center of McKeesport at the site of the former USX...

Oxford reveals tenants. (Oxford Development Co.)
October 22, 1990... Oxford reveals tenants Peter D. Keelan, director of retail leasing for Oxford Development Co., announced that leasing agreements have been reached for 82 percent of Edgewood Town Centre, Oxford's 316,000-square-foot shopping center on the...

Waterworks chosen. (Waterworks Mall)
October 22, 1990... Waterworks chosen The J.J. Gumberg Co. recently announced seven new tenants to its Waterworks Mall on Freeport Road in Fox Chapel. The tenants include Altmeyer's Home Store; Capers, which will open in November; Nutri-Systems Inc.;...

Oxford asks for rezoning for Oakland property. (Oxford Development Co.)(Real Estate Week)
October 22, 1990... Oxford asks for rezoning for Oakland property Reaction by institutional and commercial neighbors to Oxford Development Co. plans to build a 210,000-square-foot office building in Oakland and its related zoning change request was either...

Equitable Gas moving to the North Side. (Pittsburgh, Pennsylvania)
October 15, 1990... Equitable Gas moving to North Side Equitable Gas Co., the Pittsburgh distribution segment of Equitable Resources Inc., has agreed to move its operations from the parent company's headquarters building on the Boulevard of the Allies to...

Corporate litigation push behind Schwab move. (lawyer Arthur J, Schwab; Reed Smith Shaw and McClay; Buchanan Ingersoll PC)
October 15, 1990... Corporate litigation push behind Schwab move By hiring away Arthur J. Schwab from Reed Smith Shaw & McClay, Buchanan Ingersoll PC has put its money on corporate litigation being the next big practice area for the 1990s. Schwab will...

Honus Wagner entering children's apparel market. (Honus Wagner Company Athletic and Sporting Goods)
October 15, 1990... Honus Wagner entering children's apparel market The management of Honus Wagner Co. Athletic & Sporting Goods hopes its new store is a hit with young sports fans. Slated to open by Nov. 1, Honus Wagner Kids combines two growing retail...

Loan program targets farms. (Department of Agriculture; Pennsylvania)
October 15, 1990... Loan program targets farms Some Pennsylvania farmers will be benefiting from a different kind of green thanks to a $500,000 low-interest loan program announced last week by the Department of Agriculture. State farmers will be able to...

First Federal helps in pilot program. (First Federal Savings and Loan Association; Resolution Trust Corp.; sale of troubled savings institutions)
October 15, 1990... First Federal helps in pilot program A Resolution Trust Corp. official last week confirmed that First Federal Savings and Loan Association was one of 10 institutions involved in a pilot program designed to accelerate the marketing and sale...

URA considers extension. (Pittsburgh Urban Redevelopment Authority)
October 15, 1990... URA considers extension The Urban Redevelopment Authority (URA) of Pittsburgh was scheduled to consider a six-year extension of the DeBartolo Century Corp.'s lease/purchase option for the Melody Tent site above the Civic Arena at its...

Banking program strives to increase membership. (Federal Home Loan Bank)
October 15, 1990... Banking program strives to increase membership The Federal Home Loan Bank is taking a new financial tack as it unveils an agressive marketing plan to entice new members. Already, the no-fuss marketing program has snared three mid-size...

Adience sells firm. (Adience Equities Inc.; Kensington Products; Information Display Technology Inc.)
October 15, 1990... Adience sells firm Adience Equities Inc. said it has sold its Kensington Products unit to Information Display Technology Inc. Information Display is affiliated with Adience. Kensington is based in Leechburg, Pa.

AIM gets contract. (AIM Resources of Pittsburgh; AMEREX Inc.)
October 15, 1990... AIM gets contract AIM Resources of Pittsburgh has been retained by AMEREX Inc. of Georgia to complete market research in the steel industry with regard to air pollution equipment.

Noxso stake increased. (W.R. Grace and Co.)
October 15, 1990... Noxso stake increased W.R. Grace & Co. has exercised an option to increase its holdings of Noxso Corp. stock. The option allows Grace to buy up to 908,314 shares of the company for $2.257 each, exercised in 36 equal monthly installments....

Davy McKee order.
October 15, 1990... Davy McKee order Davy McKee Cop has received a $100 million order to design and supply two hot-dip galvanizing lines for Bethlehem Steel Corp.'s Burns Harbor, Ind., plant and its Sparrows Point, Md., facility.

NII may retreat. (National Intergroup Inc.)
October 15, 1990... NII may retreat National Intergroup Inc. said it may withdraw its offer for all outstanding shares of its affiliated Permian Partners, if an amendment to the partnership agreement is not adopted. The company also said it would offer 5...

Agency wins total account. (The Birmingham Group; Framesi USA; Roffler Inc.)
October 15, 1990... Agency wins total account Knowledge of the hair care industry is translating into big bucks for one local advertising agency. The Birmingham Group has been apppointed the exclusive marketing, advertising and public relations agency for...