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Daily News

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

Pittsburgh Business Times

PNC continues to close branches, latest in Ohio's Miami Valley

Thu, Jan 23, 2020

The news comes just weeks after the bank confirmed plans to close several branches in early 2020, three of which are in Ohio. ...

PHOTOS: The Advanced Leadership Academy announces 2020 class members

Thu, Jan 23, 2020

The Advanced Leadership Initiative has announced its second class of 28 area African American executives who will participate in The Executive Leadership Academy. The program, which is presented by the Carnegie Mellon University Tepper School of Business, provides more than 120 hours of instruction by business school faculty and industry experts, one-on-one sessions with executive coaches and ...

Size, sites and synergies — Inside Dentons’ ‘Golden Spike’ deal with Cohen & Grigsby

Thu, Jan 23, 2020

The combination of Dentons and Cohen & Grigsby is being watched closely by the legal sector. Here's why. ...

Hitchhiker Brewing Co. to open Downtown location, serve coffee

Thu, Jan 23, 2020

Hitchhiker Brewing Co. is making a move into Downtown Pittsburgh, and it plans to offer more than just beer. The brewery, which has locations in Sharpsburg and Mt. Lebanon, will occupy a small, 13-foot wide space on Liberty Avenue next to the Fairmont hotel, the Pittsburgh Post-Gazette reported. Owner Gary Olden told the Post-Gazette that, in addition to selling beer, the location would also s...

Bloomsburg enters into accelerated law admissions program with Pitt Law

Thu, Jan 23, 2020

The University of Pittsburgh School of Law and Bloomsburg University of Pennsylvania confirmed that they have entered into an agreement allowing qualified students to earn both an undergraduate degree and a law degree in six years. That saves a full year of time and costs. Bloomsburg is located on the other side of the commonwealth, about 190 miles north east of Pittsburgh. Pitt’s Accelerated...

The week in bankruptcies: Brickers Restaurant Inc.

Thu, Jan 23, 2020

Pittsburgh area bankruptcy courts recorded one business filing - including zero with total debt above $1 million - during the week that ended January 17, 2020. Year to date through January 17, 2020, the court recorded two Chapter 7 or Chapter 11 business bankruptcy filings, a 33 percent decrease from the same span the prior year. Chapter 7 bankruptcy protection typically provides for the liquid...

CB Financial adds new post, promotes exec to lead daily operations

Wed, Jan 22, 2020

Two weeks after the departure of its CEO, CB Financial Services Inc. promoted Ralph Burchianti to senior executive vice president, responsible for the daily operations of the organization. CB Financial is the holding company for Community Bank. The newly created position is the second-most senior officer post at CB Financial (NASDAQ:CBFV). Burchianti retains his title as chief credit officer...

Local health systems on alert in case coronavirus becomes a threat

Wed, Jan 22, 2020

Pittsburgh-region health care providers, including UPMC that has international operations in China, are on alert for any potential cases of coronavirus, the virus that has killed more than 17 people across Asia and locked down a city of 11 million people in China. There have been no cases of coronavirus, a respiratory tract infection that is similar to the SARS virus that was reported to have ...

Marketing pros give their take on 2020 challenges at AAF Pittsburgh event

Wed, Jan 22, 2020

Brands, data analytics, ethics all on the table at annual Outlook 2020 luncheon. ...

Judge Williams elected president judge of the Court of Judicial Discipline

Wed, Jan 22, 2020

Doris Carson Williams has been elected the president judge of the Court of Judicial Discipline, the court announced on Wednesday. The vote was unanimous. Judge Williams has served as a lay member of the court, which hears ethics cases brought against judges in Pennsylvania, since 2016. Judges serve on a part-time, as needed basis; Williams is perhaps best known locally for serving as the presi...

US Tax News

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....

Tax-News.com: USTR Holds Public Hearing On French Digital Tax

Wed, Jan 08, 2020

On January 6, 2020, the United States Trade Representative (USTR) announced that an on-the-record but off-camera public hearing would be held on January 7 on proposed action against France's digital services tax (DST). ...

Tax-News.com: US IRS Updates Virtual Currency FAQs

Wed, Jan 15, 2020

The United States Internal Revenue Service has recently updated its list of frequently asked questions and answers on the tax treatment of transactions involving virtual currencies. ...

Tax-News.com: Tax Extenders Passed In US Spending Package

Mon, Dec 23, 2019

On December 17, 2019, the United States House of Representatives passed a year-end spending package, which includes legislation extending numerous expired and expiring tax provisions, and repealing certain taxes introduced to help fund the Obamacare health care reforms. ...

Tax-News.com: EU Backs 'Accidental Americans' In US Tax Fight

Mon, Dec 23, 2019

In a letter to United States Treasury Secretary Steven Mnuchin, the European Council has expressed concern at the lack of action by the US Government to alleviate the compliance burdens of EU nationals and financial institutions with regards to the US Foreign Account Tax Compliance Act. ...

Tax-News.com: Saint Kitts And Nevis Announces Another 'Tax-Free' Budget

Tue, Dec 31, 2019

The Prime Minister of St Kitts and Nevis and Minister of Finance, Timothy Harris, delivered a "tax-free Budget" on December 12, 2019....

Tax-News.com: Canada, Mexico, US Agree Free Trade Deal Amendments

Mon, Dec 16, 2019

Canada, Mexico, and the US have signed an agreement on amendments to their proposed new trade pact. ...

Tax-News.com: IRS Issues Final Foreign Tax Credit Regulations

Fri, Dec 06, 2019

On December 2, 2019, the United States Internal Revenue Service issued final regulations on the foreign tax credit following major changes to the US tax code. ...

Tax-News.com: US Considers Retaliation Against French Digital Services Tax

Fri, Dec 06, 2019

The United States may impose additional duties of up to 100 percent on certain French products in retaliation for France's digital services tax, which a newly published report by the US Trade Representative has concluded discriminates against certain US companies. ...