Thursday, August 22, 2013
F.N.B. dividend
hermitage, pa.
F.N.B. Corp. announced Wednesday that its board of directors declared a quarterly cash dividend of 12 cents per share on its common stock. The dividend is payable Sept. 15 to shareholders of record at the close of business Sept. 3.
Workforce survey
pittsburgh
The Marcellus Shale Coalition released the results of its workforce survey Wednesday that show 96 percent of the oil and gas industry working in Pennsylvania’s Marcellus shale are from Pennsylvania, West Virginia, Ohio, Maryland and New York.
The survey found that 30 percent of new hires work in equipment operations, and 20 percent work in operations and maintenance. The rest work in positions such as engineering, construction and administration. According to the coalition’s research, the 100 surveyed companies expect to hire about 4,000 employees in 2013 in areas ranging from engineering and construction to operations and maintenance, environmental health and safety and administration, among others.
Fed appeals ruling
WASHINGTON
The Federal Reserve is appealing a recent court ruling that struck down its cap on how much banks can charge businesses for processing debit-card transactions.
The Fed filed a notice Wednesday that it is seeking in a federal appeals court to overturn U.S. District Judge Richard Leon’s ruling last month. Leon said at the time that the Federal Reserve didn’t have the authority to set the limit the way it did in 2011, and that it improperly included data that made the cap — an average 24 cents per transaction — too high.
Congress mandated a ceiling on debit-card swipe fees as part of the 2010 financial regulatory overhaul. Before the cap, fees averaged 44 cents per swipe.
Kia Sorento recall
DETROIT
Kia is recalling more than 9,700 SUVs in the U.S. and Canada because the front axle can fail and the vehicles can lose power.
The recall affects 2014 Sorento SUVs with 2.4-liter four-cylinder engines and front-wheel-drive. They were built from Jan. 7 through March 12 of this year.
Household earnings
WASHINGTON
The average American household is earning less than when the Great Recession ended four years ago, according to a report released Wednesday.
U.S. median household income, once adjusted for inflation, has fallen 4.4 percent in that time, according to the report from Sentier Research. The report is based on an analysis of Census Bureau data.
The median, or midpoint, income in June 2013 was $52,098. That’s down from $54,478 in June 2009, when the recession officially ended. And it’s below the $55,480 that the median household took in when the recession began in December 2007.
The report says nearly every group is worse off than four years ago, except for those age 65 to 74.
Vindicator staff/wire reports