Business

Dick's wins bankruptcy auction for Sports Authority brand and 31 stores

Dick's Sporting Goods Inc. won an auction for rival Sports Authority Holdings Inc.'s brand name and other intellectual property, as well as the right to ...
Aluminum producer Alcoa spinoff to shed $9 billion in debt
Alcoa Inc. will give its struggling aluminum production business a solid financial start to life as an independent company when it spins off those mining, ...
Fed OKs Pittsburgh banks for dividends, share repurchases
Four big banks in Pittsburgh can return profits to their shareholders through dividend payments and stock repurchases after the Federal Reserve determined the financial institutions ...
Union members reject proposed coal contract
Members of the United Mine Workers of America this week voted against a proposed labor contract that union leaders negotiated with the Bituminous Coal Operators ...
Stock rally's second day turns Dow, S&P 500 positive for year
Banks and other financial companies led another broad surge in U.S. stocks Wednesday, turning the Dow Jones industrial average and the Standard & Poor's 500 ...
Former executive settles retaliation claim against Mylan
A former executive has settled a federal lawsuit claiming that Mylan Inc. fired him when it found out he had filed a whistleblower lawsuit against ...
GE Capital no longer 'too big to fail'
NEW YORK — GE Capital, the financing unit of General Electric Co., won approval from federal regulators Tuesday to drop its designation as a "systemically ...
New Jersey casino workers demand contract, prepare for strike
ATLANTIC CITY, N.J. — It's been a rough two years for Atlantic City. This seaside gambling resort has seen a third of its casinos vanish; ...
Global interest rates forecast to remain low for a while
FRANKFURT, Germany — Savers will suffer longer with zero returns on their accounts. Home buyers, companies and governments will keep on borrowing cheaply. And questions ...
Uber to start tracking erratic driving behavior
SAN FRANCISCO — Using smartphone sensors to peek over its drivers' shoulders, Uber is promising to keep a closer eye on their behavior while discouraging ...
Monsanto seeks alternatives to Bayer buyout offer as earnings decline
Monsanto Co., the world's largest seed company, said it has been in talks over the past several weeks with Bayer AG and others on possible ...
U.S. consumer spending posts healthy gain in May
WASHINGTON — Americans went shopping this spring, increasing their spending in May for the second straight month and delivering good news for economic growth. The ...
Shell exec expands on plan to build cracker plant in Beaver County 
Royal Dutch Shell's decision to build a multibillion-dollar petrochemical plant in Beaver County came down to three key considerations: location, location and tax incentives. Pennsylvania lies ...
Google gives users easier way to manage ads, personal data
SAN FRANCISCO — Google is trying to make it easier for you to manage the vast pool of information that it collects about your online ...
VW to pay consumers, government $15.3B for emissions violations
WASHINGTON — Volkswagen will spend up to $15.3 billion to settle consumer lawsuits and government allegations that it cheated on emissions tests in what lawyers ...
U.S. economic growth in 1st quarter revised higher on stronger export sales
WASHINGTON — The economy grew slightly faster at the start of the year than previously estimated, even though consumer spending posted the smallest gain in ...
Summer hiring spurs dip in Pittsburgh region's unemployment rate
The Pittsburgh region's unemployment rate declined for the first time this year, although hiring remained sluggish and economists doubted whether the job market would expand ...
At Pittsburgh hearing, environmentalists call for end to coal mining leases on federal land
Environmental advocates asked Bureau of Land Management officials Tuesday to stop issuing leases for coal mining on federal properties, or to revamp the leasing program. "We ...
Dollar Bank merges with Virginia chain Bank @lantec
Dollar Bank is expanding into Virginia with its first merger in more than three decades, underscoring the pressures on small banks to consolidate amid heightened ...
Energy, bank stocks lead rebound as anxiety over British vote eases
Stock indexes mounted a broad comeback Tuesday as investors set aside their anxiety over Britain's vote to leave the European Union and snapped up shares ...

A blog by David Conti