Business category

Swirl of public money backing $418M hotel proposal at David L. Lawrence Convention Center

A planned $418 million hotel at the David L. Lawrence Convention Center in Downtown Pittsburgh will be funded with ample public dollars, including money from the city, Allegheny County and state. Loews Hotels has signed a letter of intent to build a 500-room hotel attached to the convention center, Gov....
Hemingway’s heartbreak and the long decline of Oakland’s bar scene

Hemingway’s Cafe sure got its swan song. The Oakland bar recently had some of its busiest nights ever as students and alumni swung by for their last hurrah before the college hangout closed forever. Owner John Elavsky announced in January that Hemingway’s would end its decades-long run May 3. In...
For residents of Virginia’s ‘data center alley,’ the industry underpins economy — but with costsVideo

This is the second installment of a TribLive occasional series on data center development in Western Pennsylvania. Today’s story looks at the boom in data center construction in Northern Virginia and what life is like living next to a data center. PRINCE WILLIAM COUNTY, Va. — Greg Pirio says the...
Trump says China agreed to buy 200 Boeing planes and signaled interest in as many as 750

Aircraft manufacturer Boeing will make its first major sale to China in nearly a decade with an order for 200 planes, President Donald Trump told reporters Friday as he flew back from his summit with Chinese President Xi Jinping. Speaking to reporters aboard Air Force One, Trump said China reserved...
Powell’s legacy at the Fed to be shaped by his misjudging inflation and standing up to Trump

WASHINGTON — When Jerome Powell was sworn in as chair of the Federal Reserve eight years ago, economists worried that inflation and interest rates were too low and that too few Americans had jobs. Now, as Powell steps down from the post after eight tumultuous years, the U.S. economy is...
Luxury convention center hotel planned for Pittsburgh

A 500-room hotel is planned for a site adjacent to the David L. Lawrence Convention Center in Downtown Pittsburgh, which will give the city two hotels attached to the convention center along the Allegheny River according to state, city and county officials. Loews Hotels & Co. of New York City,...
Cisco leads Wall Street to more records and the Dow back to 50,000

NEW YORK — The U.S. stock market rose to more records Thursday after Cisco Systems joined the parade of U.S. companies reporting fatter profits for the start of 2026 than analysts expected. The S&P 500 climbed 0.8% to set an all-time high for a second straight day. The Dow Jones...
Business resistance forming to Allegheny County’s paid parental leave proposal

A proposal by Allegheny County health officials to mandate 18 weeks of paid parental leave would increase time off for many working mothers and fathers in the county, but some business owners and their representatives argue it would come at too great a cost. The Allegheny County Board of Health...
Penn Brewery listed for sheriff’s saleVideo

Penn Brewery has been listed for sheriff’s sale. The brewery, which filed for Chapter 11 bankruptcy protection last month, was listed by creditor First Commonwealth Bank on the Allegheny County Sheriff Office’s website updated May 8. Three tracts at the brewery’s Vinial Street location are scheduled for auction June 1...
Average U.S. long-term mortgage rate eases to 6.36% in 1st drop after 2 straight weekly increases

The average long-term U.S. mortgage rate edged lower this week, its first drop after rising the previous two weeks. The benchmark 30-year fixed rate mortgage rate fell to 6.36% from 6.37% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the rate averaged 6.81%. Borrowing costs on 15-year...
Retail sales growth slowed in April from March as higher gas cost leaves less room for nonessentials

NEW YORK — Shoppers tempered their spending in April as higher gas prices fueled by the Iran war meant less money left over for some nonessentials like clothing and furniture. But they’re still buying, thanks to more generous government tax refunds. Still, economists worry that spending will fall off more...
Producer prices shot up 6%, adding pressure on companies to hike prices for struggling customers

WASHINGTON — U.S. wholesale inflation came in hot last month. Producer prices rose 6% from a year earlier, the highest point in more than three years, as the Iran war pushes up energy prices and intensifies pressure on companies to pass along their rising costs to consumers. The Labor Department...
Senate Democrats plan to force votes on Consumer Financial Protection Bureau rollbacks

NEW YORK — Senate Democrats plan to force several votes on the Trump administration’s dismantling of the Consumer Financial Protection Bureau, a maneuver aimed at making vulnerable Republicans take politically difficult votes in an election year. The plan to hold the votes Wednesday, shared exclusively with The Associated Press, is...
What a gas tax suspension could mean for drivers and the prices they see at the pump

NEW YORK — As steep fuel prices strain household budgets during the war with Iran, U.S. President Donald Trump wants to suspend his government’s tax on gasoline. It’s a move Trump can’t do on his own — and the president has yet to specify how long he’d like such pause...
John Dorfman: 3-Stock Derby winner sold top pick too soon

A nurse from North Carolina beat 41 other contestants to take first place in my annual stock-picking contest, Dorfman’s Three-Stock Derby. Heather Fisher, a nurse in Chapel Hill, won primarily because of a huge gain in Aehr Test Systems (AEHR). It rose 849%, helping her achieve an average return of...
Allegheny County Council approves new regulations for Clairton Coke Works

The Allegheny County Council voted unanimously on Tuesday to drastically decrease the allowable amount of emissions from the Clairton Coke Works plant, one of the final reforms agreed to following the 2018 plant explosion that triggered an air quality lawsuit. The revisions, recommended by the Allegheny County Health Department (ACHD),...

1 2 3 4 5 Next ›

Partner News