Pittsburgh Renting Rates Rising Quickly

A map of Pittsburgh, Pennsylvania with its nei...

A map of Pittsburgh, Pennsylvania with its neighborhoods labeled. For use primarily in the list of Pittsburgh neighborhoods. (Photo credit: Wikipedia)

If it seems as though rental prices in Pittsburgh have been in a bull market over the past several years, that’s because they have.

While large metro areas like New York and San Francisco have grabbed headlines for their sky-high rental prices, Pittsburgh’s rental market is actually rising at a faster rate than New York’s, according to a study from personal finance website NerdWallet.

“We were looking at growth rates, rather than cities with the highest rents, and Pittsburgh is in a rapid economic growth period now,” said Divya Raghavan, a senior analyst for NerdWallet in San Francisco. “While New York and San Francisco are already well-established top cities in the U.S., Pittsburgh is considered an up and coming city.”

Read more: http://www.post-gazette.com/business/finance/2014/04/18/Pittsburgh-renting-rates-rising-quickly/stories/201404180004#ixzz2zGE35Ub1

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The Heartbleed Bug: Here’s What You Need To Know

How does local cybersecurity expert James Koons describe the Heartbleed bug?

MASSIVE.

“That’s the theme here,” said Koons, who has worked on IT security for the U.S. military and Amazon.com.

Currently he is chief security officer for Listrak, a Lancaster provider of online marketing services, and a board member of the Online Trust Alliance.

Read more: http://lancasteronline.com/news/local/the-heartbleed-bug-here-s-what-you-need-to-know/article_186a3f04-c0cb-11e3-a09f-001a4bcf6878.html

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Google To Expand Pittsburgh Operations

The Internet search giant Google Inc. said Monday it will become an anchor tenant in a six-story office building planned in the East End’s Bakery Square 2.0 development.

“Google has signed a lease for an additional 66,000 square feet at Bakery Square 2.0 to accommodate for natural growth in our Pittsburgh office,” the company said in a statement.

It said local hiring will continue, but declined to offer specifics.

Bakery Square developer Walnut Capital Partners, based in Shadyside, hopes to begin construction on the office building in March. Google will occupy about a third of the building. Work is expected to take 18 to 24 months and cost at least $40 million.

Read more: http://triblive.com/business/headlines/5529819-74/square-bakery-google#ixzz2sOi8VvgS
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‘No Simple Formula To Success,’ YouTube Co-Founder Tells Twin Valley Students

Map of Pennsylvania highlighting Chester County

Map of Pennsylvania highlighting Chester County (Photo credit: Wikipedia)

ELVERSON — It’s not often that a high school student can brag to others that a famous person graduated from their school.

But the students at Twin Valley High School can, and on Thursday night, the new inductees to the National Honors Society got to meet one of their famed alumni.

Brent Hurley graduated from Twin Valley in 1997, nine years before Google purchased the company that Hurely helped found.  That company is a little video sharing website called YouTube.

Along with his brother, Chad, Steve Chen, and Jawed Karim, Hurley helped launch YouTube in February of 2005.

Read more:  http://www.pottsmerc.com/article/20130504/NEWS01/130509706/-no-simple-formula-to-success–youtube-co-founder-tells-twin-valley-students#full_story

Mayer Tells Yahoo Staffers They Can’t Work From Home

Deutsch: Logo von Yahoo

Deutsch: Logo von Yahoo (Photo credit: Wikipedia)

SAN FRANCISCO — Corporate America’s most famous working mother has banned her employees from working at home.  Now the backlash is threatening to overshadow the progress she has made turning around Yahoo Inc.

Marissa Mayer, one of only a handful of women leading Fortune 500 companies, has become the talk of Twitter and Silicon Valley for her controversial move to end telecommuting at the struggling Internet pioneer.

From the start, Mayer, who at 37 is one of Silicon Valley’s most notorious workaholics, was not the role model that some working moms were hoping for.  The former Google Inc. executive stirred up controversy by taking the demanding top job at Yahoo when she was five months pregnant and then taking only two weeks of maternity leave.  Mayer built a nursery next to her office at her own expense to be closer to her infant son and work even longer hours.

Now working moms are in an uproar because they believe that Mayer is setting them back by taking away their flexible working arrangements.  Many view telecommuting as the only way time-crunched women can care for young children and advance their careers without the pay, privilege or perks that come with being the chief executive of a Fortune 500 company.

Read more:  http://www.mcall.com/news/nationworld/chi-mayers-tells-yahoo-staffers-they-cant-work-from-home-20130225,0,2512436.story

In San Francisco, High-Rises By The Bay

The San Francisco Peninsula

The San Francisco Peninsula (Photo credit: Wikipedia)

ROUGHLY two decades ago, during an earlier Internet start-up boom, many entrepreneurs and fast-typing coders and engineers set up shop in a still-gritty area of this city:  South of Market Street.

The young tech crowd rented — and sometimes bought — in commercial buildings in this former warehouse area, converting them into “work-live” spaces where they operated their nascent companies and slept (once in awhile).

The boom-and-bust cycles in the tech sector move quickly, and the pace of constant reinvention and innovation is relentless.

The same is true of tastes in real estate.  Today a new generation of tech dreamers is back in the South of Market area.  But this time they are breathing life into a start-up wave not previously seen in San Francisco:  high-rise condo living.

Read more: http://www.nytimes.com/2012/10/21/realestate/in-san-francisco-glass-and-steel-condos-rising-by-the-bay.html?pagewanted=1&_r=0&hpw

Yahoo To Lay Off 2,000 Employees

Deutsch: Logo von Yahoo

Deutsch: Logo von Yahoo (Photo credit: Wikipedia)

Editor’s note:  Betcha nobody is yelling “yahoo” over this news!

(Reuters) – Yahoo Inc will lay off 2,000 people, or 14 percent of its workforce, in its deepest round of job cuts in years as new Chief Executive Scott Thompson tries to jumpstart growth with a leaner, more agile company while saving hundreds of millions of dollars.

Wall Street’s reaction was lukewarm, after two previous Yahoo CEOs failed to find an answer to rivals like Web-search leader Google and the Facebook social-networking site.

Sunnyvale, California-based Yahoo, which ended 2011 with some 14,000 employees, said it would save $375 million annually from the cuts and incur a pre-tax cash charge in the second quarter of $125 million to $145 million.

Read more: http://www.mcall.com/business/sns-rt-us-yahoo-layoffbre8330ly-20120404,0,1433746.story