“Business briefs” |
| Posted: 09 Dec 2010 09:18 PM PST If hurt in a car wreck, be wary of insurance offers The Consumer Federation of America issued a "consumer alert" warning people injured in auto accidents that computerized systems used by many insurance companies often make unfair, low-ball claims offers because they don't adequately examine the validity of each claim. The group urges people to find out if the insurer's offer is based on a computerized system like "Colossus," although only Allstate is required to disclose that information. If an insurer won't allow you to accept offers in the high end of those generated by the system, consider filing a complaint with the state insurance commissioner or seeking legal help, the CFA said. Here we go, recyclers, here we go! The Alcoa Foundation is funding a Pennsylvania Resources Council recycling campaign targeting tailgating at the Pittsburgh Steelers' last three home games. Proceeds from recycling cans, bottles and cups at the Dec. 12, Dec. 19 and Dec. 23 games in six Alco parking lots on General Robinson Street will be contributed to nonprofit organizations. Americans' wealth grows 2.2 percent in 3rd quarter After declining in the spring, Americans' wealth grew 2.2 percent in the July-September quarter as a rebound on Wall Street boosted stock portfolios. Household net worth rose to nearly $55 trillion, even though the value of real estate holdings sank 3.7 percent, the Federal Reserve said Thursday. That's far above the bottom hit during the recession: $49 trillion in the first quarter of 2009. The increased net worth is lifting hopes for the economy, because consumers tend to spend according to how wealthy they feel. Koppers signs deal to acquire Portec Rail assets Koppers Inc., a wholly-owned subsidiary of Koppers Holdings Inc., said it had signed an agreement to acquire the Rail Joint business product line and related manufacturing facility of Portec Rail Products Inc.for an undisclosed purchase price. Koppers expects the acquisition to close by Dec. 31 with the purchase price being funded by cash on hand. The Portec Rail Joint business serves the domestic and international railroad markets with a variety of specialty rail products out of one location in Huntington, W.Va. Revenues for the business in 2010 are estimated at about $22 million. Walt Turner, president and CEO of Koppers, said, the move would "strengthen our presence in the railroad industry." Grants of $250,000 split by 2 nanotechnology firms Two nanotechnology companies in Pennsylvania were awarded a total of $250,000 in Air Force Research Laboratory funding by the Pennsylvania NanoMaterials Commercialization Center. SolarPA Inc. will receive $100,000 to commercialize a nanocrystalline coating, while Metalon, a Carnegie Mellon startup, will receive $150,000 to produce molecular inks. Also in business ... Stephen Angel, chairman, president and CEO of gases and coatings firm Praxair Inc. of Danbury, Conn., was elected to the PPG Industries board. ... Howard Hanna Mortgage Services won the Leadership Circle Award from Genworth Mortgage Insurance for lending excellence. First published on December 10, 2010 at 12:00 am This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read our FAQ page at fivefilters.org/content-only/faq.php |
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