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Business Briefs

[naviga:h3]Bank of America opens branch in Cranberry Twp.[/naviga:h3]

Bank of America on Thursday will celebrate the grand opening of two Pittsburgh-area branches, including the Cranberry Financial Center.

The grand opening at 8:30 a.m. at 20133 Route 19 will include remarks from Carey Miller of Chatham University’s Center for Regional Agriculture, Food and Transformation (CRAFT), which received a $215,000 grant from Bank of America.

The grant allowed CRAFT to create a new baker training program that will combine practical baking training and education with targeted entrepreneur and food systems planning.

The other financial center celebrating a grand opening on Thursday is in Robinson Township, Allegheny County.

Bank of America’s first financial center in the Pittsburgh area is on the South Side.

According to a news release from Bank of America, the company’s presence in the Pittsburgh area reflects the bank’s continued investment in its financial center and ATM network for clients across the United States.

[naviga:h3]United Airlines boosts profit on more revenue[/naviga:h3]

United Airlines reported Tuesday that higher revenue and cheaper fuel helped boost its fourth-quarter profit by nearly 40 percent, to $641 million.

The airline’s forecast of first-quarter earnings easily beat Wall Street expectations.

But United shares tumbled Tuesday on fear that a virus outbreak in China could hurt travel between the U.S. and Asia, a key market for the airline. Even before the outbreak, a closely watched measure of revenue per seat was dropping on United’s flights to and from Asia.

And Boeing again pushed back its timetable for return of the 737 Max, making it almost impossible for United to meet its goal of putting the plane in its schedule by early June. It is more likely that United will go through a second straight summer without the Max, forcing it to cancel thousands of flights and lose the revenue from those ticket sales.

United executives were scheduled to discuss the financial results with analysts on Wednesday.

[naviga:h3]Honda recalls 2.4M vehicles to replace air bag inflators[/naviga:h3]

DETROIT — Honda is recalling 2.4 million older vehicles in the U.S. to replace potentially dangerous Takata air bag inflators.

The recall covers certain Honda and Acura vehicles from the 1996 to 2003 model years.

Honda says that unlike previous recalls, the inflators do not contain volatile ammonium nitrate.

Replacement parts aren’t yet available, and Honda says repairs won’t start for about a year.

Other versions of Takata inflators used ammonium nitrate to cause a small explosion and inflate air bags. But the chemical can deteriorate when exposed to high temperatures and humidity and blow apart a metal canister, hurling shrapnel. At least 25 people have been killed and hundreds injured.

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