Business

Pittsburgh region unemployment rises to 5.7%

The Pittsburgh region's unemployment rate increased in July amid signs of growing frustration for job seekers. The unemployment rate for the seven-county region increased to 5.7 ...
Stocks decline in light trading as investors await August jobs report
NEW YORK — Stocks fell slightly Tuesday in another quiet day on Wall Street as hesitant investors remained on the sidelines as a slow summer ...
Bank earnings post record profits in 2nd quarter
WASHINGTON — U.S. banks' earnings in the April-June period rose 1.4 percent from a year earlier as growth in lending fueled interest income. The data ...
Job market optimism lifts consumer confidence to 11-month high
NEW YORK — Consumer confidence rose to an 11-month high in August, with households more upbeat about the labor market, in a further sign that ...
EU hits Apple with $15B tax bill plus interest; Ireland objects
SAN FRANCISCO — The European Union ordered Apple on Tuesday to pay nearly $15 billion in back taxes to Ireland, plus billions more in interest, ...
Gatorade goes organic to join natural ingredient push
PepsiCo Inc. is introducing a version of Gatorade that's certified organic by the U.S. Department of Agriculture, testing whether a product created in a lab ...
Mylan launching cheaper, generic version of EpiPen allergy injector
Mylan NV said it will offer a generic equivalent of its EpiPen emergency allergy injection at half the price in "several weeks," but its latest ...
Smith: Southwestern Pa. organizations make positive connections for women
They say it's all in who you know. For the Women's Business Network of Southwestern Pennsylvania, referrals are the name of the game. The network's mission ...
Pittsburgh International Airport to add flight destinations
Airlines operating at Pittsburgh International Airport will fly to more places than they have in nine years. Las Vegas-based Allegiant Air plans to announce Tuesday that ...
Foot Locker looks to play up store experience
NEW YORK — Start with the shoes but move on from there. That's the plan at Foot Locker Inc., long known for its sneakers. It ...
Kennametal CEO DeFeo sees 'pretty amazing' opportunities for turnaround
Ron DeFeo was retired for five weeks when Kennametal Inc. tapped him in February to lead the tooling company through a challenging downturn. The former CEO ...
Mondelez abandons Hershey talks 2 months after bid snubbed
Mondelez International Inc. is walking away from takeover discussions with Hershey Co. two months after its $23 billion bid was rejected by the chocolate maker. ...
U.S. consumer spending posts slower growth in July
WASHINGTON — American consumers boosted spending at a slower pace in July, while their incomes accelerated slightly. Spending grew 0.3 percent in July after a ...
Banks lead gains on Wall Street on hopes for higher interest rates
NEW YORK — Banks led the stock market higher Monday as investors anticipate that the Federal Reserve could raise interest rates this year from their ...
Research firm: Galleria at Pittsburgh Mills' value sinks to $11 million
The value of the Galleria at Pittsburgh Mills mall is getting "dangerously low," a Duquesne University marketing professor says. The value of the Frazer mall ...
Retailers find new ways to get back-to-school customers to stores
The fashion show models strutted the runway to a dance mix of Justin Timberlake and Taylor Swift hits, trying not to look nervous while a ...
Blame the airlines, not the weather
Airline miscues — such as the computer glitches that grounded hundreds of thousands of passengers this summer — are now the biggest cause of flight ...
Some small businesses wish to stay that way
When a small business is successful, an owner will likely face the question of whether to grow. After a lot of soul-searching, many say no. ...
Internship options smooth return to work
Tech companies have tried everything to boost the low numbers of women in their ranks. Massive grants aimed at high-tech scholarships for girls and students ...
Paid sick days prevent illness, research finds
Maybe you prepare food for a living. Maybe you feel awfully nauseous. Maybe you clock in anyway — rent is due in two weeks. Working Americans ...

A blog by David Conti