VENTURE CAPITAL POST

The Pittsburgh pension fund investments are projected to fall short in 2016. This is due to the underperforming financial markets.

To assure that the city receives the gaming revenues it is entitled for 2017 from the North Shore venue, Mayor Bill Peduto announced on Monday that Pittsburgh has come up into a deal with Rivers Casino.

Pittsburgh’s culinary sector is growing fast as the city host more and more projects in the past few years. Cheap rent is believed to have drawn a lot of people, especially youth, to pursue their project in the city.

Tucson, Arizona-based destination marketing solutions provider Simpleview bought Pittsburgh, Pennsylvania-based customer relationship management (CRM) solutions firm Software Management Inc (SMI) for an undisclosed sum to expand its client base.

Pittsburgh, US-based firm NoWait released a consumer app that lets customers remotely add themselves to the wait lists of restaurants using their phone and cut waiting time significantly.

A Japanese restaurant in Bloomfield, Pittsburgh is already accepting the digital currency Bitcoin to pay for Omakase or "chef's tasting menu," a report on Pittsburgh Post-Gazette said.

Brussels, Belgium-based chemical firm Solvay SA offered to buy Pennsylvania, US-based conductive polymer maker Plextronics Inc in a $32.6-million deal amid a Chapter 11 filing by the latter.

Oil giant Royal Dutch Shell on Thursday announced that it has renewed an option to buy land in Monaca,Pennsylvania owned by metal-processing company Horsehead Holding Corp. Shell has a $2 billion ethylene plant building proposal for the said site.