Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

BUSINESS BRIEFS [Derived Headline]

Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

BUSINESS BRIEFS [Derived Headline]

Article excerpt

Forbes ranks Pa. No. 38

Pennsylvania ranked 38th on Forbes magazine's annual list of the best states for business. The Keystone State received its highest mark for quality of life, ranking 16th among states, and its lowest mark for regulatory environment mark, placing 39th. The magazine also based its rankings on business costs, labor supply, economic climate and growth prospects. Utah topped the list for the third year in a row, followed by North Carolina. Ohio placed 11th while West Virginia was 50th after being ranked the lowest among all states for labor supply, regulatory environment and growth prospects.

Boeing to cut some jobs, move others, in efficiency effort

Boeing Co. plans to move about 2,500 positions to other sites, cut 500 jobs and close two facilities by the end of 2020 in an effort to make its Defense, Space & Security business more efficient, the company said. About 1,600 positions in Huntington Beach, Calif., will move to plants in three other Southern California locations - El Segundo, Long Beach and Seal Beach. About 500 positions will move to St. Louis County in Missouri, and 400 will shift to Huntsville, Ala. Chicago-based Boeing will close a plant that employs 290 people in El Paso, Texas, and another that employs 70 people in Newington, Va. The company said the moves will reduce facility space by about 4.5 million square feet. The company will move an unspecified number of jobs from Kent, Wash., to Tukwila, Wash.. The two towns are just 16 miles apart.

Kraft Heinz warns of tender offer

The Kraft Heinz Co. is warning shareholders about an offer from Canada's TRC Capital to buy up to 1.5 million of their shares at below market prices. TRC is offering $77.75 per share, about 4 percent lower than the food company's closing share price on Nov. 11, the day before TRC's offer commenced, said Kraft Heinz, dually headquartered in Pittsburgh and Chicago. …

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