Local Gas Prices Top $3 a Gallon for First Time
reports, and wire, Tribune-Review/Pittsburgh Tribune-Review
Gasoline's average price per gallon across Western Pennsylvania this week topped $3 -- the first time ever -- according to AAA East Central's weekly Fuel Gauge survey. For regular gasoline from a self- service pump, the average price was $3.065, up a whopping 11 cents a gallon from the week before and 22.3 cents higher than one year ago, the survey found. All 22 survey locations recorded prices at or above $3.028, according to AAA. The lowest price of $3.028 was found in Warren, Warren County and in Brookville, Jefferson County, while the highest price was found in Greensburg, Westmoreland County, $3.091 a gallon.
Creditors voting for deal
Pittsburgh Brewing Co. has received a sufficient number of creditors' votes to win approval of its reorganization plan and allow it to emerge from bankruptcy, brewery attorney Robert O. Lampl said Tuesday. Although May 29 is the deadline for creditors to submit their votes, the Lawrenceville brewery's major creditors have voted for the plan, Lampl said after a hearing in bankruptcy court. Not all the creditors with unsecured claims have voted, but the committee representing the creditors supported the plan, Lampl said, and those creditors typically vote with the committee. U.S. Bankruptcy Judge M. Bruce McCullough yesterday gave his final approval to a $250,000 loan to the brewery from the prospective buyer, Connecticut investor John N. Milne. McCullough has scheduled a hearing June 5 on approving the reorganization plan.
Jury hears shareholders
Jurors at Conrad Black's fraud trial in Chicago heard a tape Tuesday of angry shareholders questioning millions of dollars in payments Black and other executives had received, and they were read a memo in which the former media baron excoriated his company's investors as idiots. The show-and-tell testimony in the trial's 10th week came during the questioning of government witness Paul Healy, former head of investor relations at Hollinger International Inc., the U.S. firm through which Black controlled what was once one of the world's largest newspaper publishing companies.
CMU dean wins tech award
The dean of Carnegie Mellon University's School of Computer Science will be honored next month for his work in the field of computer-aided design. Randal E. Bryant was named Tuesday as the recipient of the Institute of Electrical and Electronics Engineers Inc.'s 2007 Emanuel R. Piore Award, based on his development of algorithms, or strategies, that can be used to create complex electronic systems. His work enabled reasoning about large-scale circuit designs for the first time. Bryant is to receive the award June 5 at an institute conference in San Diego.
Firm expands locally
Raudenbush Engineering, Inc., of Middletown, Dauphin County, recently expanded with the opening of a Pittsburgh office at 1000 Cliff Mine Road in the Park West One complex in Findlay. …