Business category

Bank of America agrees to settle claims it aided Epstein sex crimes

NEW YORK — Bank of America Corp. has agreed to settle a proposed class action lawsuit on behalf of Jeffrey Epstein victims who accused the bank of aiding in the deceased financier’s sex-trafficking, according to a court record. The agreement in principle was noted Monday in the court docket in...
Stocks climb to their best day since the Iran war began after oil prices ease

NEW YORK — A drop in oil prices on Monday helped send the U.S. stock market to its best day since the war in Iran began. The S&P 500 climbed 1% for its biggest gain in five weeks. The Dow Jones Industrial Average added 387 points, or 0.8%, and the...
Antitrust trial against Live Nation and Ticketmaster continues with states leading the charge

NEW YORK — The antitrust trial of Live Nation and Ticketmaster resumed Monday in a New York federal court with three dozen states remaining in the case a week after the Justice Department settled its claims and withdrew. Judge Arun Subramanian greeted jurors in Manhattan federal court by asking them...
Thousands of workers strike at one of the largest meatpacking plants in the country

GREELEY, Colo. — Thousands of workers for the world’s largest meatpacking company began a two-week strike Monday in Colorado, threatening to make already costly beef even more expensive for U.S. consumers. As the sun rose, employees picketed outside the Swift Beef Co. plant in Greeley, one of the largest slaughterhouses...
Canonsburg’s Coen Markets eyes sale to U.K.-based convenience store giant

Canonsburg-based Coen Markets could soon be part of a convenience store empire. Coen’s 50-plus stores in and around Southwestern Pennsylvania are being acquired by United Kingdom-based EG Group, the companies announced Thursday. EG Group owns more than 1,500 U.S. convenience across 10 brands, including Turkey Hill, Minit Mart and its...
‘It’s just crazy’: High car payments make ownership feel impossible

An $830-a-month car payment. Auto insurance for $280 each month. Thousands more for tire and maintenance repairs. For almost three years, those bills have followed Davine Greene, a nursing student who hasn’t missed or been late on a payment since buying her Kia K5 GT in November 2023. But keeping...
Tricky negotiations begin Monday to renew a trade pact between the United States, Mexico and Canada

WASHINGTON — Every day more than $4 billion worth of goods cross the United States’ borders with Canada and Mexico — U.S. auto parts headed for car factories in northern Mexico, cartons of Mexican avocados bound for California supermarkets, Canadian aluminum destined to become cans of Campbell Soup. Much of...
CEOs of top airlines demand Congress restore funding to Homeland Security and pay airport workers

NEW YORK — The CEOs of the nation’s top airline companies, including American, Delta, Southwest and JetBlue, are imploring Congress to restore funding to the Department of Homeland Security and embrace a bipartisan solution to pay federal aviation workers including airport security officers during the partial government shutdown. “Once again,...
It’s good to be a billionaire, even at tax time

If you’ve been thinking about your tax bill, here’s something else to stew about. Scores of people with enormous wealth are paying relatively little, if anything, in taxes. Billionaires — and those with fortunes that are merely in the hundreds of millions — can avoid taxes legally, using loopholes that...
Pittsburgh businesses ready for 2026 NFL Draft

Jim Coen expects his football-themed merchandise to fly off the shelves when the 2026 NFL Draft comes to town April 23. “I’m projecting this NFL Draft to be like two Super Bowls combined,” said Coen, who owns Yinzers in the Burgh, a Strip District store dedicated to all things Pittsburgh...
The war in Iran is driving costs up. Here are some ways to save.

The widening war in Iran is now in its third week, and American consumers are already feeling the effects of the rising cost of gasoline, with the price of food and other essentials likely to follow. For consumers already reeling from inflation and a cooling job market, the fallout from...
Consumer prices rose in January, before Iran War added price pressures

Economic growth was slower at the end of 2025 than data first showed and inflationary pressures persisted at the start of this year, a troubling snapshot of an economy on unsteady footing before war with Iran upended oil and financial markets. Consumer prices increased moderately in January, the Federal Reserve’s...
U.S. economy expanded at sluggish 0.7% in 4th quarter, government says, downgrading 1st estimate

WASHINGTON — The U.S. economy, hobbled by last fall’s 43-day government shutdown, advanced at a sluggish 0.7% annual rate from October through December, the Commerce Department reported Friday in a big downgrade of its initial estimate. Growth in gross domestic product — the nation’s output of goods and services —...
Pittsburgh’s Urban Redevelopment Authority moves forward with long-sought housing in the Hill District

Several funding projects are moving ahead in Pittsburgh’s Hill District, including long-hoped-for housing in the Lower Hill. These and other developments that would fill vacant land and improve business façades were discussed Thursdayby Pittsburgh’s Urban Redevelopment Authority. At issue were proposed housing developments on two parcels in the Lower Hill...
What the Live Nation settlement would mean for concertgoers — and why some say it isn’t enough

NEW YORK — Live Nation and the U.S. government announced a deal this week that they say would give artists and venues more choice when it comes to selling concert tickets to music fans. But critics say meaningful changes are far from guaranteed. It’s no secret that buying concert tickets...
Oil jumps to $100 per barrel and stocks sink worldwide with no clear end in sight for the Iran war

NEW YORK — With no clear end in sight, the war with Iran sent oil prices back to $100 per barrel on Thursday, and stocks sank worldwide. The S&P 500 fell 1.5% and resumed its sharp swings following a couple days of relative calm. The Dow Jones Industrial Average dropped...

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