Business

U.S. to investigate U.S. Steel's complaints against Chinese producers

The United States said Thursday that it will investigate allegations that Chinese steelmakers stole trade secrets from U.S. Steel Corp. and illegally undercut prices in ...
New regulations mean higher costs for small businesses in Western Pennsylvania as owners struggle to comply
Les Neilly used to spend most of his time figuring out how to make a better canvas tarp. Not lately. Neilly, who owns Neilly Canvas Goods ...
Nearly half of Americans couldn't cover $400 emergency bill, Fed survey reveals
WASHINGTON — Technically speaking, America's economic recovery from the Great Recession is in its seventh year, making it one of the longest expansions on record. ...
Stocks take breather after 2-day climb
NEW YORK — Stocks barely budged Thursday as investors moved cautiously after two days of large gains. Utilities and phone companies rose the most, thanks ...
Billionaire backs Hogan in fight vs. Gawker
ST. PETERSBURG, Fla. — Hulk Hogan's courtroom cage match with Gawker has apparently been bankrolled by a high-tech billionaire with a grudge against the news-and-gossip ...
$50-per-barrel oil no huge threat to economy, experts say
NEW YORK — The price of oil topped $50 a barrel this week for the first time since July, delivering a cash infusion to oil ...
China: U.S. duties on steel hindering trade
BEIJING — China accused the United States on Thursday of hampering trade after Washington imposed duties of up to 450 percent on Chinese steel in ...
Saudi oil strategy begins to pay off as barrel price rises
Saudi Arabia has been fighting with fellow OPEC members since the oil rout started two years ago. For the first time next week, it can ...
Western Pennsylvania chief executive officers take pay cut
Mylan NV CEO Heather Bresch took a 27 percent pay cut last year, but her $18.9 million compensation package was still large enough to make ...
Highmark, UPMC propose higher Obamacare rates
Highmark Inc. wants to raise health insurance premiums by an average of up to 48 percent next year for plans the insurer sells to individuals ...
Antitrust officials question AB InBev's distributor incentive plans
U.S. antitrust officials are investigating Anheuser-Busch InBev over its new incentives that encourage independent distributors to sell more of its own beer brands at the ...
CEOs at nation's biggest corporations got 4.5% raise, double the average worker's
NEW YORK — CEOs at the biggest companies got a 4.5 percent pay raise last year. That's almost double the typical American worker's, and a ...
SEC probes Chinese e-commerce giant Alibaba's accounting practices
WASHINGTON — Chinese e-commerce giant Alibaba wowed investors when it went public in the United States in September 2014, and its profits have bucked Wall ...
Military spouses' job struggles take big economic toll, study finds
WASHINGTON — Military spouses struggle to find jobs and are more likely to work for less pay or in positions below their education level, spurring ...
Citigroup to pay $425M to resolve civil charges over rate manipulation
Citigroup Inc has agreed to pay $425 million to resolve civil charges that it tried to manipulate foreign exchange and interest rate benchmarks. In announcing the ...
Exxon Mobil oil company shareholders OK 'watershed' proxy access measure
DALLAS/SAN RAMON, Calif. — Voters at Exxon Mobil Corp.'s annual meeting Wednesday approved a measure to let minority shareholders nominate outsiders for seats on the ...
Stock market gets confidence boost on rosy reports on global economy
NEW YORK — Stocks climbed Wednesday as investors continued to recover confidence in the health of the global economy. That sent oil prices higher and ...
Dollar Bank CEO Oeler sets retirement date
Dollar Bank CEO Robert Oeler, who announced in October that he would retire this year, said his last day at Pittsburgh's fourth-largest bank will be ...
DEP rescinds $8.9 million fine against Range Resources
A year after Range Resources was accused of allowing a leaky well to taint nearby water supplies and refusing orders to fix it, the Department ...
Fewer young adults leaving parents' home, Pew poll finds
WASHINGTON — Many of America's young adults appear to be in no hurry to move out of their old bedrooms. For the first time on record, ...

A blog by David Conti