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Newspaper
New Castle News
Location
New Castle, Pennsylvania, United States of America
Date
May 04, 2000
Page
6
CANONSBURG AP Software company ANSYS Inc. said it obtained a patent for methods of reporting engineering data. The suburban Pittsburgh firm, traded on Nasdaq, received patent 6,055,541 for generating a report from engineering statistics in a database, valid for 17 years.
PITTSBURGH AP U S Sen Rick Santorum joined Sen Arlen Specter in proposing Pittsburgh based Freemarkets Inc for Defense Department supply auctions. Freemarkets serves clients like Pennsylvania to solicit bids with claimed savings of 2 to 20 percent per purchase. Defense Department attorneys reportedly said the program would be allowed.
Sterling Packaging of Pittsburgh says its plan to reorganize under federal bankruptcy protection was approved by a U.S. Bankruptcy Court judge. Foot Hill Capital Corp., a Wells Fargo division, will provide financing, aiding the troubled maker of folding cartons and tissue papers for gift boxes.
Federal SEC action accuses former Allegheny Health executives David McConnell and Charles Morrison of overreporting income in 1996 and 1997 by $154 million and misclassifying $82 million of restricted funds. Spargo and Adamczak also sanctioned. Bankruptcy conditions and criminal probes accompany the case.
Eight producers and distributors led by Alcoa form MetalSpectrum an Atlanta based online marketplace to cut transaction costs and boost service. Partners include Allegheny Technologies Kaiser Aluminum North American Stainless and Thyssen with plans to add 12 to 18 firms. Users pay no fees while sellers incur costs.
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