Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

BUSINESS BRIEFS [Derived Headline]

Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

BUSINESS BRIEFS [Derived Headline]

Article excerpt

FAB Universal settles shareholder lawsuit

A federal judge in New York has approved a $1.5 million settlement of the class action lawsuit shareholders of FAB Universal brought against the Pittsburgh-based online content provider. Shareholders sued in 2013 after FAB Universal's shares plummeted, alleging the company made false and misleading statement about its operations. Attorneys for the shareholders were awarded $556,200 of the $1.5 million for fees and expenses. Six shareholders who served as lead plaintiffs will split $10,000.

Impact fee rate lower in 2015

The Pennsylvania Public Utility Commission lowered by $5,000 the impact fee charged to any new and year-old horizontal shale well drilled in 2015. The falling price of natural gas, averaging $2.67 per thousand cubic feet last year, prompted the rate adjustment. The PUC estimated that shale producers drilled 785 wells last year, a 43 percent drop from 2014.

Consol profits fall on low prices

While it continued to cut costs, Consol Energy Inc. couldn't make up for the falling price of oil, gas and coal during the fourth quarter. The Cecil-based driller and miner reported fourth-quarter income of $34. 3 million, or 13 cents per share, less than half of income posted a year ago. Full year loss was $374.9 million, compared with its 2014 profit of $163.1 million.

Export business to set up laboratory at Pitt

Export-based E.A. Fischione Instruments Inc. will set up an electron microscopy lab at the University of Pittsburgh Swanson School of Engineering under a five-year agreement, enabling collaborative research between students and Fischione staff. The company designs and manufactures sample preparation technologies that are used in electron microscope analysis.

Veterans to talk about civilian transition at forums

The Heinz Endowments in February will host three forums where veterans and military personnel can discuss experiences they have had transitioning to civilian life. …

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