Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

BUSINESS BRIEFS [Derived Headline]

Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

BUSINESS BRIEFS [Derived Headline]

Article excerpt

JUDGE APPROVES SETTLEMENT BETWEEN ELON MUSK, SEC

A federal judge is approving a settlement between Elon Musk and federal regulators over his infamous tweet about taking Tesla private. The Securities and Exchange Commission argued the tweet was misleading and harmed investors who bought stock in the electric car company. The company is not going private. Tesla and Mr. Musk, the company's CEO, agreed to pay a total of $40 million in fines in the settlement. The settlement allows Mr. Musk to hold on to his CEO post, but he will give up his seat as chairman for at least three years.

KRAFT HEINZ ALTERS MANAGEMENT

Kraft Heinz is moving the president of its Canada operation to become head of strategic initiatives and mergers and acquisitions in Chicago. Carlos Piani will be replaced, effective Jan. 1, in Canada by Nina Barton. Ms. Barton is now president of global digital online growth in the food giant's Chicago office and she'll continue with that, as well.

UPMC SUSQUEHANNA ANNOUNCES EXPANSION PLANS

UPMC Susquehanna is planning two major expansions with construction of a $100 million physical medicine and rehabilitation center extending from the UPMC Susquehanna Tower and a $13 million investment in the UPMC Susquehanna's Cancer Center at Divine Providence, which will be renamed UPMC Hillman Cancer Center. The six-hospital health system joined the UPMC network in 2016.

INTEGRA REALTY ACQUIRES LONGTIME OAKLAND FIRM

Kelly Rielly Nell Barna & Associates is merging with Integra Realty Resources, a Denver-based real estate valuation and consulting firm. Located on the Boulevard of the Allies, Oakland, Kelly Rielly was founded in 1962. Anthony Barna has been named senior managing director of IRR Pittsburgh, and Brian Kelly and William Rielly have been named managing directors.

DEPASQUALE: HIGHMARK, UPMC SHOULD PUT PATIENTS FIRST

Pennsylvania Auditor General Eugene DePasquale Tuesday issued a statement urging UPMC and Highmark to focus "on what is best for patients" as they move to the conclusion of their contractual relationship on June 30, after which Highmark Medicare Advantage members will no longer have in-network access to UPMC hospitals. …

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