Business briefs: Pitt lands entrepreneurial grant
Pitt lands entrepreneurial grant
The University of Pittsburgh has been awarded a $500,000 U.S. Department of Commerce grant to provide manufacturing entrepreneurs with help making and marketing products. The program will be run out of the school’s Manufacturing Assistance Center in Homewood. Catalyst Connection and Innovation Works, two industry support groups, will provide aid, Pitt said.
Sorry Trump, N.Y. Times says subscriptions rose since election
The New York Times pushed back against President-elect Donald Trump, saying paid subscriptions have jumped since the election. On Sunday, Mr. Trump tweeted that the Times “is losing thousands of subscribers because of their very poor and highly inaccurate coverage of the ‘Trump phenomena.’” The Times said it added 41,000 paid subscriptions to its newspaper and digital news products in the week since Election Day. The Times said the increase is its largest one-week rise since 2011, when it launched its digital subscription model.
Matthews International gains in net income, ups dividend
North Shore-based Matthews International reported fourth quarter net income $23.6 million, or 74 cents per share, compared to fourth quarter 2015 net income of $17 million, or 51 cents per share. The funeral products manufacturer reported sales of $377 million for the the fourth quarter compared to sales of $368 million in the fourth quarter last year. Its board of directors also declared a dividend of 17 cents per share on common stock for the fourth quarter, which is a dividend rate increase of 13 percent.
Arkansas high court bars union from protesting at Wal-Mart
Arkansas’ highest court has banned a labor union from protesting or demonstrating at Wal-Mart’s stores and offices in the state, scaling back a judge’s order prohibiting the group from entering the retail giant’s property for anything other than shopping. The state Supreme Court upheld a Benton County judge’s trespassing order against the United Food and Commercial Workers International Union, rejecting the labor group’s argument that the issue needed to be resolved by a federal labor relations board. Justices, however, modified the order to cover only activities such as picketing, demonstrating and flash mobs at the Bentonville-based firm.
Many for-profit college graduates earn little
About a third of recent for-profit college graduates attended career-training programs whose typical graduate annually earns less than the federal minimum wage, new federal data show. Vocational programs, common at community colleges and for-profit schools, are meant to help graduates land well-paying jobs. But of Americans who graduated from such programs at for-profits from 2008 to 2012, some 32 percent attended programs in which a typical graduate made less than $14,500 — what a full-time worker making the federal minimum wage would earn — in 2014, even as they incurred student debt, federal officials said. Just 14 percent of those from public schools’ vocational programs graduated from programs whose typical graduates made so little.
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