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Daily News

Below please find daily updates pertaining to the latest in financial, business, and tax news:

Pittsburgh Business Times

Evoqua names new member to board of directors

Fri, Feb 21, 2020

Evoqua water Technologies announced Friday that it had added a new member to its board of directors. According to a press release from the company, Lisa Glatch had been appointed to the board of the Pittsburgh-based water treatment technologies company. Glatch is currently the COO of Sempra LNH, an affiliate of Sempra Energy. In her role with Sempra, Glatch manages several facets of the compan...

Continental exec 'jazzed' about the potential for developing condos at North Shore development

Fri, Feb 21, 2020

Continental exec say the delay to move forward with developing Lot 10 next to PNC Park helped to build the case for including residential condos in the project. ...

Penn State trustees mull $14.7M upgrade to lab at Greater Allegheny campus

Fri, Feb 21, 2020

Trustees of Pennsylvania State University are considering a proposed $14.7 million modernization and upgrade to the Ostermayer Laboratory at the Greater Allegheny campus. The 22,000-square-foot facility, built in 1973, houses two biology and two chemistry teaching labs, plus research and preparation spaces, faculty and staff offices and a general purpose classroom. The full board was schedule...

Portland Internet monitoring startup sells business line to Pittsburgh software maker

Fri, Feb 21, 2020

Portland, Oregon home wireless monitoring startup Circle Media Labs has sold one of its business lines to Pittsburgh software maker Smith Micro Software (Nasdaq: SMSI) for $13.5 million. The company sold certain assets including customer contracts and technology license for its business that powered the parental controls of other telecom companies. For instance, in 2018, Circle inked a deal wi...

First Look: See what's going on at the potential site of the next ethane cracker

Fri, Feb 21, 2020

It hasn't yet gotten the final investment decision that supercharged Shell's Beaver County petrochemical plant, but work and investment is still going on at the proposed site of PTT Global Chemical America's polyethylene plant in Belmont County, Ohio. PTT, a Thailand-based petrochemical company, has been considering for the last several years a site to build a plastics plant similar to the one...

Business bankruptcy filings rise in Pittsburgh, here's why the trend won't slow

Fri, Feb 21, 2020

There were 267 commercial bankruptcy filings in western Pennsylvania last year, 30 more than in 2018, while national filings increased 2.4%. ...

Continental to present "Lot 10" mixed-use project for remaining North Shore parcel

Fri, Feb 21, 2020

Mixed-use proposal to bring offices, condos, parking, entertainment and "Pirates Plaza" to corner parcel across from PNC Park ...

Natural gas CEO questions why any driller would be growing 'in this market'

Fri, Feb 21, 2020

Dinges commented about the natural gas market during Cabot's conference call with analysts discussing the natural gas company's results. ...

Chevron Appalachia sets date for layoffs as it works to sell local assets

Fri, Feb 21, 2020

Chevron Corp. is planning an initial round of local layoffs April 6 as it works to divest its Appalachian natural gas operations, according to a letter the company sent to the Pennsylvania Department of Labor & Industry earlier this month. Chevron (NYSE: CVX) has 288 employees at its regional headquarters at 700 Cherrington Parkway in Moon Township near Pittsburgh International Airport. It als...

MSA appoints new vice president, chief human resources officer

Fri, Feb 21, 2020

MSA Safety Inc. announced Friday that it had appointed Glennis Williams as vice president and chief human resources officer. She will join the company's Executive Leadership Team and succeeds Paul Uhler, who will retire from the company in May. Williams is joining the Pittsburgh-based manufacturer of safety products from Hillenbrand Inc., an Indiana-based manufacturing conglomerate. While at H...

US Tax News

Tax-News.com: EU Adds Cayman Isles, Panama, Seychelles To Tax Blacklist

Thu, Feb 20, 2020

The EU has added the Cayman Islands, Palau, Panama, and the Seychelles to its list of non-cooperative tax jurisdictions, bringing the total tally to 12 from 8. ...

Tax-News.com: OECD Provides Update To G20 On BEPS Work

Thu, Feb 20, 2020

In a new report for G20 ministers, the OECD has provided an update on its work to tackle tax base erosion and profit shifting relating to multinational businesses. ...

Tax-News.com: Democrat Bill Targets GILTI High-Tax Exclusion

Thu, Feb 20, 2020

Democrats in the United States Senate have introduced a bill that would block proposals to introduce a "high-tax exemption" to the Global Intangible Low-Tax Income regime. ...

Tax-News.com: France Confirms Postponement Of DST Payments

Thu, Feb 20, 2020

France's Directorate General of Public Finance confirmed in a statement issued on February 10, 2020, that companies liable for the country's digital services tax can delay payment of upcoming installments of the tax until December 2020. ...

Tax-News.com: France Confirms Digital Tax Delay

Mon, Jan 27, 2020

On January 22, 2020, French Finance Minister Bruno Le Maire confirmed that France will suspend collection of its digital services tax this year to prevent the United States from applying retaliatory tariffs on a range of French goods. ...

Tax-News.com: UK Steadfast On Digital Services Tax Plans

Mon, Jan 27, 2020

The UK Chancellor, Sajid Javid, has said the UK intends to push ahead with the introduction of a digital services tax from April 2020, despite warnings from the US that it would consider tariffs on UK-made goods. ...

Tax-News.com: US Senate Passes New North American Free Trade Deal

Mon, Jan 27, 2020

On January 16, 2020, the US Senate voted to approve the US-Mexico-Canada Agreement, which will replace the existing North American Free Trade Agreement....

Tax-News.com: US State Maryland Considering Digital Advertising Tax

Mon, Jan 27, 2020

On January 8, 2020, a bill was introduced in the Senate of the US state of Maryland that would impose a tax on revenues associated with digital advertising derived in the state. ...

Tax-News.com: IRS Launches Gig Economy Tax Center

Wed, Jan 15, 2020

On January 9, 2019, the United States Internal Revenue Service announced the launch of a new Gig Economy Tax Center, which is intended to help taxpayers meet their tax obligations through more streamlined information. ...

Tax-News.com: France And US Seek End To Digital Tax Dispute

Wed, Jan 15, 2020

According to French Finance Minister Bruno Le Maire, France and the United States will in the next two weeks attempt to reach a compromise over their ongoing dispute regarding France's new digital services tax....