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Briefcase

ATLANTA

Norfolk Southern announces quarterly stock dividend

Norfolk Southern Corp. announced Tuesday a regular quarterly dividend of $1.09 per share on its common stock.

The dividend is payable Nov. 19 to shareholders of record on Nov. 5.

The company has paid a dividend on its common stock for 157 consecutive quarters since its formation in 1982.

Norfolk Southern’s service area includes 22 states, including Pennsylvania, and the District of Columbia, every major container port in the eastern United States and a majority of the U.S. population and manufacturing base.

Clearfield

Grant received to research powdered metal use

CLEARFIELD — Clearly Ahead and the Clarion University Small Business Development Center have received a $20,000 grant to research electric vehicle manufacturing components and the impact it will have on the local industries that make parts from powdered metal.

Anywhere from 20-60 pounds of powdered metal parts are used on the average passenger vehicle or light duty truck. Those numbers are set to decrease significantly as auto manufacturers switch to electric propulsion systems.

“The goal of this project is to help powdered metal companies prepare and better understand the rising trends and opportunities in the manufacturing of electric vehicle parts. … With the powdered metal industry deeply rooted in our region, this project is important,” Cindy Nellis, director of the SBDC, said in a statement.

Texas Roadhouse offers tuition aid for staff

Texas Roadhouse is rolling out a new tuition reimbursement program for team members interested in pursuing a college degree. The announcement coincided with a National Hiring Day event. State College and Altoona locations are among those with openings.

Any team member working 30 hours or more weekly who qualifies for benefits will now be eligible for $5,250 in annual reimbursement for classes at an accredited university, when a C average is maintained.

PITTSBURGH

F.N.B. Corp. receives approval for merger

F.N.B. Corp. has received all regulatory clearances for its proposed merger with Howard Bancorp. Inc.

The Federal Reserve System, the Comptroller of the Currency and the Maryland Office of the Commissioner of Financial Regulation have provided final clearance for the pending FNB-Howard merger as well as merging Howard Bank into First National Bank of Pennsylvania.

Howard stockholders will vote on the proposed merger at a special meeting scheduled for Nov. 9.

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