Business category

WASHINGTON — When the Labor Department put out a disappointing jobs report a month ago, an enraged President Donald Trump responded by firing the economist in charge of compiling the numbers and nominating a loyalist to replace her. Nothing quite so dramatic is likely Friday when the department releases hiring...

Nippon Steel and U.S. Steel have ended its lawsuit against steelmaker Cleveland-Cliffs and the head of the United Steelworkers union. Nippon Steel and U.S. Steel merged in June. A federal lawsuit was filed in March alleging Cleveland-Cliffs, its president, Lourenco Goncalves, and United Steelworkers President David McCall, were conspiring to...

The Trump administration said Thursday it is abandoning a Biden-era plan that sought to require airlines to compensate stranded passengers with cash, lodging and meals for flight cancellations or changes caused by a carrier. The proposed rule would have aligned U.S. policy more closely with European airline consumer protections. It...

WASHINGTON — The number of Americans seeking jobless benefits rose modestly last week, suggesting that employers are still retaining workers even as the economy has showed signs of slowing. Applications for unemployment benefits for the week ending Aug. 30 rose by 8,000 to 237,000, the Labor Department reported Thursday. That’s...

Harvie, a farm-to-doorstep food delivery service based in Pittsburgh, is seeking bankruptcy protection as it grapples with around $2.4 million in debt. At least $144,000 is owed to small farmers in Pennsylvania and Maryland, according to filings last month in U.S. Bankruptcy Court in Pittsburgh. Its largest creditor, JPMorgan Chase,...

Marc Seawright took pride in his job at the U.S. Equal Employment Opportunity Commission, where he worked for more than eight years and most recently oversaw technology policy to support the agency’s mission of combating workplace harassment and discrimination. But then President Donald Trump began targeting transgender and nonbinary people...

Greensburg Salem school board will vote next week on renewing a tax incentive program intended to encourage commercial developments in Greensburg. The LERTA — Local Economic Revitalization Tax Assistance — program is a 10-year property tax abatement available to those building new developments or expanding the footprint of existing ones,...

WASHINGTON — The Trump administration took the fight over tariffs to the Supreme Court on Wednesday, asking the justices to rule quickly that the president has the power to impose sweeping trade penalties under federal law. The government called on the court to reverse an appeals court ruling that most...

NEW YORK — The conservative news network Newsmax filed an antitrust lawsuit against Fox News on Wednesday, saying Fox has sought to maintain its market dominance through intimidation and exclusionary business practices designed to stifle competition. Fox has sought to block television distributors from carrying Newsmax or minimize its exposure,...

WASHINGTON — U.S. employers posted 7.2 million job vacancies in July as the American labor market continues to cool. The Labor Department reported Wednesday that job openings fell from 7.4 million in June and came in modestly below what economists had forecast. The Job Openings and Labor Turnover Survey (JOLTS)...

The lights are off, the house is quiet and nothing seems to be running. But electricity is silently flowing through the plugs in your home. This hidden drain is known as phantom energy. Also called vampire energy, the wasted electricity comes from leaving devices plugged in when they’re not in...

Maybe, just maybe, the moment that value investors have been waiting for has arrived. In August, value stocks were up more than 3%, while growth stocks returned a little over 1%. The value revival, if it’s real, has been a long time coming. Growth has outperformed value in eight of...

SAN FRANCISCO — A federal judge on Tuesday ordered a shake-up of Google’s search engine in a crackdown aimed at curbing the corrosive power of an illegal monopoly while rebuffing the U.S. government’s attempt to break up the company and impose other restraints. The 226-page decision made by U.S. District...

At least some part of Kraft Heinz will stay in Pittsburgh as the processed food conglomerate divides its brands into two new companies. Kraft Heinz said Tuesday while announcing the split it has no plans to move its co-headquarters in Pittsburgh and Chicago. That’s about all the company offered on...

McDonald’s is cutting prices on some combo meals to woo back customers who’ve been turned off by the rising costs of grabbing a fast food meal. The price drop may induce its rivals, who have run into some of the same pricing issues, to follow. Starting Sept. 8, McDonald’s will...

Let’s talk about cash. It might not be the most exciting part of your portfolio, but it’s absolutely essential. I often find that people either hold too much cash or not nearly enough. Here are four essential rules for effective cash management, from building the right emergency fund to knowing...

NEW YORK — Anna Wintour ended weeks of fashion-world speculation Tuesday when she named Chloe Malle her successor as head of editorial content at Vogue — but the most powerful person in the business isn’t going anywhere. Wintour, 75, remains chief content officer for Condé Nast and global editorial director...

NEW YORK — Kraft Heinz is splitting into two companies a decade after a merger of the brands created one of the biggest food manufacturers on the planet. One of the companies, currently called Global Taste Elevation Co., will include brands such as Heinz, Philadelphia cream cheese and Kraft Mac...

As some U.S. pharmacies struggle to stay afloat amid ongoing turmoil in the prescription reimbursement industry, one independent family-owned pharmacy in Aspinwall is dedicated to remaining open. Towne Drugs Pharmacy in Aspinwall is co-owned by father/son pharmacist duo Bob Akanowicz and Jon Akanowicz, both of Hampton. Both men know just...

The exterior of a 14,000-square-foot warehouse off Route 910 in West Deer is pretty unassuming. But the inside is a bastion of development and manufacturing of toys, tools and equipment that aim to ease life and provide an outlet for people with physical or developmental disabilities. Lesser-known to many in...

It’s tomato season and Lidia is harvesting on farms in California’s Central Valley. She is also anxious. Attention from U.S. Immigration Control and Enforcement could upend her life more than 23 years after she illegally crossed the U.S.-Mexico border as a teenager. “The worry is they’ll pull you over when...

WASHINGTON — President Donald Trump’s attempt to fire a member of the Federal Reserve’s governing board has raised alarms among economists and legal experts who see it as the biggest threat to the central bank’s independence in decades. The consequences could impact most Americans’ everyday lives: Economists worry that if...

“It’s my way or the highway.” That’s the attitude of some investment professionals toward stock-selection methods that differ from their own. If astronomers had a narrow view like that, they might spot Jupiter but miss the beautiful rings of Saturn. The price-to-cash flow ratio isn’t my favorite measure, but I...