Business

FirstEnergy seeks rate increases for Pa. electric customers

Customers of FirstEnergy Corp.'s Pennsylvania electric utilities can expect to see higher monthly bills next year and more rate requests. The Akron, Ohio-based company said ...
House OKs bill blocking broker rules
Republican lawmakers aren't giving up yet in their fight to kill stricter rules for brokers that have been championed by President Obama. In what might prove ...
Range Resources swings to loss on low gas prices
Range Resources Corp. swung to a loss during the first quarter as revenue tumbled on persistent low natural gas prices. The Fort Wort-based company that does ...
U.S. GDP growth slowed to 0.5 percent rate in first quarter
WASHINGTON — It was not a great start to the year for the economy. With consumers and businesses turning cautious, the United States struggled to ...
GNC reports 'unacceptable' drop in profit on slump in vitamin sales
GNC Holdings Inc.'s strategy to boost profits by converting more corporate-owned stores to franchises stumbled in the first quarter as the company reported a big ...
Profit down at EQT on low gas prices
Even as low natural gas prices continue to eat away at profits and companies idle drilling rigs, EQT Corp. is thinking about how to ramp ...
U.S. Steel filing against China shows frustration with oversupply
U.S. Steel Corp.'s move to ask the government to block imported steel highlights the company's growing frustration with global oversupply of the metal and China's ...
Alcoa deal shows 3-D printing coming of age
It took a decade before Alcoa Inc. was ready to take three-dimensional printing technology from the lab to the manufacturing floor. The aluminum maker this month ...
Hilcorp halts fracking at Lawrence County shale site near earthquake
A natural gas company voluntarily halted fracking activity on a Marcellus shale well in Lawrence County this week while state officials investigate a minor, nearby ...
Anthem voices optimism on ACA exchange growth prospects
Health insurer Anthem aims to pull a small profit this year from the Affordable Care Act's public insurance exchanges, and its CEO said Wednesday he's ...
US stocks rise, shaking off tech slump, after Fed stands pat
NEW YORK — Stocks rose Wednesday after the Federal Reserve left its key interest rate unchanged, as investors expected. Energy companies climbed again as the ...
Fed keeps key rate unchanged and provides no timing hints
WASHINGTON — The Federal Reserve kept a key interest rate unchanged Wednesday against the backdrop of a slowdown in U.S. and global growth. The central bank ...
Yahoo reshuffles board in truce with rebellious shareholder
SAN FRANCISCO — Yahoo has reached a truce with an activist investor threatening to oust CEO Marissa Mayer and the rest of its board, removing ...
PPG Corning emerges from bankruptcy after 16 years
Pittsburgh Corning Corp. will move forward from hundreds of thousands of asbestos-related personal injury claims after it emerged from bankruptcy protection Wednesday after 16 years. The ...
U.S. Steel seeks block on Chinese imports
U.S. Steel Corp. is pushing the government to block steel imports from China, alleging producers in that country have engaged in an illegal conspiracy to ...
Toshiba writing down $2.3 billion of the value of Westinghouse
Toshiba Corp. is writing down $2.3 billion of the value of its Cranberry-based nuclear unit Westinghouse Electric Co. — a move analysts anticipated as the ...
Pittsburgh region unemployment jumps to 5.5%
The Pittsburgh region's unemployment rate shot up to its highest point in nearly two years as employers have been unable to create enough jobs to ...
U.S. Steel CEO says prices hit bottom, but improvements will take time
A steep downturn in the steel industry that has hammered domestic producers for more than a year may have bottomed out, U.S. Steel Corp. CEO ...
Consol focusing more on gas business
As they plan for another challenging year in the natural gas market, Consol Energy executives can focus on the Marcellus and Utica shales with one ...
Apple reports iPhone sales down, first revenue drop since 2003
SAN FRANCISCO — Apple says quarterly revenue fell for the first time in more than a decade, as iPhone sales declined compared with a year ...

A blog by David Conti