Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

BUSINESS BRIEFS [Derived Headline]

Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

BUSINESS BRIEFS [Derived Headline]

Article excerpt

Bethlehem Haven completes merger with Pittsburgh Mercy

Bethlehem Haven and Pittsburgh Mercy Health System have completed their previously announced agreement through which Bethlehem Haven is now a wholly-owned subsidiary of Pittsburgh Mercy. Both are nonprofits. Based in Uptown, Bethlehem Haven offers shelter, housing, and other support services to at-risk women. Pittsburgh Mercy offers behavioral health services, medical services, and programs for veterans, the homeless, and others in need.

Scrap company acquires 50% interest in competitor

Pittsburgh-based AMG Resources said it has acquired a 50 percent interest in Allegheny Raw Materials, a Pittsburgh scrap processor and broker with five processing plants in the region. Terms were not disclosed. AMG operates 17 scrap processing plants in the U.S. and the United Kingdom. It also markets prime and secondary steel.

GM, Fiat Chrysler trail estimates as Nissan, Ford beat them

General Motors and Fiat Chrysler reported U.S. sales in June less than analysts had estimated, while Nissan and Ford beat projections as the industry faces concerns that the market is slowing and that the U.K.'s decision to exit the European Union will generate new headwinds. GM sales fell 1.6 percent as the automaker reduces less-profitable business with rental fleets. The Detroit company said retail sales to individual consumers rose more than 1 percent. Nissan sales jumped 13 percent with gains balanced among cars and trucks. Ford's 6.4 percent light-vehicle increase and FCA's 6.5 percent growth were led by pickups and sport utility vehicles. Analysts projected gains for all of the six largest automakers except GM. For analysts surveyed by Bloomberg, the outlook for the full year slid to below 17.7 million cars and light trucks, from an estimate of 17.8 million in January. …

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