Business

Development group urges W.Pa. leaders to attract, train talented workers

Western Pennsylvania could have a shortfall of 80,000 people needed to fill job needs over the coming decade, requiring "urgent" action to enhance the skills ...
EDMC layoffs — mostly in online division — hit hundreds in Pittsburgh, Phoenix
More than 200 employees at Education Management Corp. in Pittsburgh are losing their jobs as the struggling for-profit college company reduces staff at its headquarters ...
Cashing in early on Social Security means lower benefits
Workers nearing retirement age have several options for when they start receiving Social Security benefits. But whether a worker takes it early, at full retirement age ...
Cost-cutting helps Kraft Heinz post a 61% increase in profit
Sales dropped at Kraft Heinz Co. in the first quarter, but the packaged food giant's focus on cutting costs paid off in a 61 percent ...
Stocks add to losses on weak hiring report
NEW YORK — U.S. and global stock indexes moved lower a second day Wednesday following a dismal report on job creation that gave investors concern ...
Takata air bag inflator recall to grow by at least 35 million
WASHINGTON — Takata will recall 35 million to 40 million air bag inflators, a stunning increase that will more than double what is already the ...
Teen clothing retailer Aeropostale files for bankruptcy, plans to close 154 stores
Yet another retailer has cracked under the weight of teenagers' changing shopping habits. Aeropostale on Wednesday filed for Chapter 11 bankruptcy, saying in the filing that ...
Iran says no to 'Heartbeat of America'
DUBAI, United Arab Emirates — Chevrolet, the U.S. car brand once advertised as the "Heartbeat of America," won't be rolling new models through the streets ...
Allegheny Health Network reports $17.8 million loss
Allegheny Health Network reported an operating loss of $17.8 million for the first three months of 2016, about $12.5 million more than the health system predicted ...
Mylan profit drops after series of acquisitions
The generic drug industry is under pressure, but Mylan NV CEO Heather Bresch said the company is positioned to deal with lower prices and investor ...
China, Europe woes weigh on stocks
NEW YORK — Renewed concerns about economic growth abroad — specifically in Europe and China — weighed on markets Tuesday, causing stocks to erase the ...
Prosecutors consider additional charges against Turing founder Shkreli
NEW YORK — Prosecutors are weighing additional charges against Martin Shkreli and expect to decide within a month whether to expand the fraud case against ...
Corporate earnings show glimmer of hope, analysts say
NEW YORK — It's another weak quarter on Wall Street, but there are signs corporate America will come out of its recent funk. Earnings ...
SUVs, trucks keep auto sales hot in April
DETROIT — America's love of trucks and SUVs helped push most automakers to healthy sales gains last month as Honda and Nissan reported best-ever April ...
Target's transgender bathroom policy triggers backlash
NEW YORK — Consumer backlash is growing against Target's stance on what type of bathrooms its transgender customers and employees can use. Two weeks ago, the ...
Kmart offers lifetime guarantee on plants, but take a look at fine print
CHICAGO — No green thumb? No need to worry, said Kmart, announcing a new lifetime guarantee on certain plants sold at its lawn and garden ...
Pittsburgh-based Jazz helps small businesses find right people
Recruiting the right employees is a key to success in the business world, a fact not lost on Pittsburgh technology company Jazz. The Strip District-based company, ...
U.S. Steel to issue $500M in bonds; credit rating downgraded
U.S. Steel Corp. plans to raise $500 million in corporate bonds to repay debt that is coming due soon. Monday's announcement from the struggling Downtown ...
GNC could put itself up for sale as part of strategic review
GNC Holdings Inc. is reviewing strategic and financial alternatives for its struggling business, including putting the vitamin and supplement retailer up for sale. The company Monday ...
Drug giant Mylan pays $338K in connection with SEC investigation
Mylan NV said it has paid $338,000 in legal bills and other expenses for vice chairman and lead independent director Rodney Piatt related to a ...

A blog by David Conti