WORKSHOP SET: Carol A. Teter, registered nurse, nurse educator, will lead a discussion on the importance of exercise to maintaining good health during a workshop set May 4 at Harrison Community Hospital.
The free educational healthy life workshop will begin at 6:30 p.m. in the hospital’s cafeteria.
Reservations are not required, and refreshments will be served.
ALCOA COMES HOME: Alcoa Corp. is moving its global headquarters back to Pittsburgh, where the 129-year-old company had been based until moving to New York City in 2006.
Alcoa has maintained offices in Pittsburgh and 10 employees will relocate from its New York headquarters when the move is made Sept. 1.
Alcoa already has 205 employees in Pittsburgh who share a building with Arconic, a spinoff company created when Alcoa split off its mining, refining and aluminum businesses in November from businesses that make aluminum parts for aerospace, automotive and other industries.
Alcoa also plans to close offices in Richmond, Va.; Nashville, Tenn.; and Chicago; as well as Milan and Geneva in Europe; Reykjavik, Iceland; and Beijing.
Combined, the moves should save the company about $5 million a year.
CSX PROFITS: CSX Corp.’s first-quarter profit rose about 2 percent as the railroad hauled more, but its results were hurt by restructuring expenses.
The Jacksonville, Fla.-based railroad said Wednesday that it earned $362 million, or 39 cents per share. That’s up from $356 million, or 37 cents per share, a year ago.
The railroad said that without the $173 million restructuring charge it would have delivered earnings per share of 51 cents.
CSX said its revenue improved 10 percent to $2.87 billion.
CSX announced 1,000 layoffs of management employees in February, and the railroad is in the early stages of major operational changes after hiring CEO Hunter Harrison, who led Canadian Pacific’s turnaround.
Harrison was hired in March after the Mantle Ridge hedge fund pressured the railroad to make changes. Harrison has a track record of reducing costs and boosting profits through the scheduled operating model he developed at CP and Canadian National.
“I am pleased to join the CSX team and working together we are going to make this company the best North American railroad, capable of consistently meeting and exceeding the expectations of our customers and our shareholders,” Harrison said in a statement with Wednesday’s earnings report.
CSX operates more than 21,000 miles of track in 23 Eastern states and two Canadian provinces.
CSX shares have risen 31 percent since the beginning of the year when it was first reported that Harrison might take over as CEO.
During the same period, the Standard & Poor’s 500 index has climbed slightly more than 4 percent.
NESTLE SLUGGISH: Consumer goods giant Nestle saw sales barely rise in the first three months of 2017 but confirmed its guidance for the year, including a rise in restructuring costs.
The Vevey, Switzerland-based company said sales in the quarter rose 0.4 percent, orb $21.07 billion.
Underlying sales, which exclude the impact of acquisitions, were up 2.3 percent, with emerging markets doing far better than developed markets. Consumer demand in the Americas, in particular, was soft.
CEO Mark Schneider said Thursday he was “encouraged by the growth in Asia and the resilience of consumer spending in Europe” and added that Nestle had made good progress in its efforts to boost growth and keep a lid on costs.