Business Headlines

Dick's wins bankruptcy auction for Sports Authority brand, 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 ...

Local shares battered in quarter-ending slip

Investors took out their concerns about the United Kingdom's vote to exit from the European Union on U.S. stocks late last month, including the financial ...

Hertz to supply Uber, Lyft drivers with cars

Hertz Global Holdings Inc. reached agreements with Uber Technologies Inc. and Lyft Inc., the nation's two largest ride-hailing startups, to supply drivers with vehicles the ...

Hershey rejects $23B buyout offer from Mondelez

Hershey Co. said Thursday it had rejected a $23 billion preliminary offer by Mondelez International Inc. that would seek to expand the latter's U.S. footprint ...

Stocks extend rebound rally for 3rd day

Investors remained in a buying mood Thursday, driving stocks broadly higher for the third day in a row. The latest gains added to the market's rebound ...

Appeals court tosses $5.7B Visa, MasterCard settlement over swipe fees

Visa and MasterCard shares fell Thursday after a federal appeals court rejected a $5.7 billion settlement of claims that the firms improperly fixed credit-card swipe fees, ...

Quarter ends wildly for fund investors

NEW YORK — So close, yet so far. Fund investors came within a week of recording solid gains for the quarter, with the S&P 500 index ...

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 ...