Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

BUSINESS BRIEFS [Derived Headline]

Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

BUSINESS BRIEFS [Derived Headline]

Article excerpt

Credit unions on problem list

Five Pittsburgh-area credit unions landed on an independent research group's list of problem financial institutions in the third quarter. They included CGH in New Kensington; Iron Workers, Downtown; Shacog, Mt. Lebanon; Trailblazer, Washington, Pa.; and Westco, Greenburg. Institutions earning two stars or fewer end up on BauerFinancial's problem list. CGH received the firm's lowest rating, earning zero stars. The four other Pittsburgh-area credit unions earned two stars. For more information visit www.bauerfinancial.com.

Accounts compromised

The personal information of thousands of Pennsylvanians receiving unemployment compensation or workers compensation benefits via prepaid debit cards may have been "viewed improperly," according to the state Treasury. JPMorgan Chase, which issues the pre-paid cards, told the state that as many as 26,000 accounts, of Pennsylvania's nearly 400,000 state debit cardholders, could have been involved in a cyberattack. The data breach affects cardholders who used the bank's "UCard Center" website between mid-July and mid-September. For information, visit www.patreasury.gov.

Equitable Gas sale concludes

The Federal Energy Regulatory Commission approved the $720 million sale of Equitable Gas to Peoples Natural gas, marking the last regulatory approval the companies needed to conclude the deal.

FBN takeover cleared

FNB Corp. in Hermitage said it received regulatory clearances for the previously announced takeover of Baltimore County Savings Bank with 16 branches in the Baltimore area. The merger is expected to close in February, pending approval by the Baltimore bank's shareholders.

Shell drops Gulf Coast plans

Royal Dutch Shell dropped plans to build a gas-to-liquids plant on the Gulf Coast, citing a $20 billion price tag that it deemed uneconomic. This means Shell is down to two major capital projects under evaluation -- the proposed ethane cracker near Monaca and liquefied natural gas projects.

EDMC subsidiary settles

A subsidiary of Pittsburgh-based Education Management Corp. will pay a $3.3 million settlement over claims it misled students seeking doctorate of education in counseling psychology degrees, according to the Colorado attorney general's office. …

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