Business news digest

REGION

F.N.B. Corp. reports $18.9M 4th-quarter loss

HERMITAGE, Pa. — F.N.B. Corp. reported a fourth-quarter loss of $18.9 million Monday, compared with earnings of $23.5 million in the third quarter and $17.1 million in the same quarter last year.

Results in the fourth quarter of 2008 included a $44.8 million increase in funds set aside to cover loan losses, compared with the third quarter, and a $20.1 million accounting charge to cover the reduced value of investments. F.N.B. is the parent company of First National Bank of Pennsylvania.

NATION

Harley-Davidson introduces new Sportster

MILWAUKEE — Harley-Davidson Inc. is introducing a new bike in one of its most affordable lines.

The company announced the Sportster Iron 883 will start at around $7,900.

Last week, the Milwaukee-based company said reduced demand is causing it to cut 1,100 jobs over two years, close some facilities and consolidate others. In a statement Monday, the company said Sportsters have “stood against the grain” since they were introduced in 1957.

Associated Press