Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

BUSINESS BRIEFS [Derived Headline]

Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

BUSINESS BRIEFS [Derived Headline]

Article excerpt

BLACK BOX POSTS DECREASED LOSSES IN THE FIRST QUARTER

On the heels of a $75 million deal to sell its federal information technology unit, Black Box Corp. announced first-quarter results for the 2019 fiscal year. Losses were down compared to 2018, when net losses of 65 cents per share sent the stock spiraling down nearly 50 percent. This quarter, the Cecil-based provider of communication and information tech equipment reported diluted net loss per share of 48 cents, a 26 percent improvement from the prior fiscal year. Net loss was $7.3 million, down 25 percent from $9.7 million the prior year.

RONALD MCDONALD HOUSE TO EXPAND AFTER $100M DONATION

Ronald McDonald House Charities has received its largest single donation ever: $100 million from North Chicago-based drugmaker AbbVie. Ronald McDonald House, headquartered in Chicago, provides temporary housing for families of hospitalized children across the country, among other services. …

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