Business category, Page 100
Hundreds of flying taxis to be made in Ohio, home of the Wright brothers and astronaut legends
COLUMBUS, Ohio — The same Ohio river valley where the Wright brothers pioneered human flight will soon be manufacturing cutting-edge electric planes that take off and land vertically, under an agreement announced Monday between the state and Joby Aviation Inc. “When you’re talking about air taxis, that’s the future,” Republican...
Liz Weston: Why retirees may want to buy an immediate annuity now
An immediate annuity is an insurance product that provides guaranteed income: You give an insurer a chunk of money, and the company gives you a stream of payments that can last for life. The payments begin within 12 months of purchase. Now may be a good time for retirees to...
Auto workers strike will drive up car prices, but not right away — unless consumers panic
DALLAS — Car shoppers are heading for a new round of sticker shock if the strike by the United Auto Workers doesn’t end soon, particularly for popular vehicles that are already in short supply. The number of vehicles on dealer lots will shrink the longer the walkout goes on. Dealers...
Citing sustainability, Starbucks wants to overhaul its iconic cup. Will customers go along?
TEMPE, Ariz. — Bethany Patton steps up to the counter and places her pink mug into a shoebox-sized dishwasher. It spins. It whirs. Water splashes inside. After 90 seconds, the door opens and steam emerges. A barista grabs the mug, dries it and prepares Patton’s order — a 16-ounce Starbucks...
About 13,000 workers go on strike seeking better wages and benefits from Detroit’s 3 automakers
DETROIT — About 13,000 U.S. auto workers stopped making vehicles and went on strike Friday after their leaders couldn’t bridge a giant gap between union demands in contract talks and what Detroit’s three automakers are willing to pay. Members of the United Auto Workers union began picketing at a General...
Largest U.S. newspaper chain is hiring Taylor Swift and Beyoncé Knowles-Carter writers
LOS ANGELES — This week the United States’ biggest newspaper chain posted to its site two unusual job listings: a Taylor Swift reporter and a Beyoncé Knowles-Carter reporter. Gannett, which owns more than 200 daily papers, will employ these new hires through USA Today and The Tennessean, the company’s Nashville-based...
UAW chief says offers from Detroit companies are inadequate, says union is ready to go on strikeVideo
DETROIT — With just over 24 hours left before a strike deadline, United Auto Workers President Shawn Fain said Wednesday that offers from the companies aren’t enough and the union is getting ready to strike. In an online address to union members, Fain said General Motors, Ford and Stellantis have...
What is USB-C, the charging socket that replaced Apple’s Lightning cable?
LONDON — Bye, Lightning cable. Hello, USB-C. Apple is ditching its in-house iPhone charging plug and falling in line with the rest of the tech industry by adopting a more widely used connection standard. A big part of the reason is a European Union common charging rule that’s coming soon...
iPhone 12 sales banned in France; agency says it emits too much radiation
PARIS — French regulators ordered Apple to stop selling the iPhone 12, saying it emits electromagnetic radiation levels that are above European Union standards for exposure. The company disputed the findings and said the device complies with regulations. The French government agency that manages wireless communications frequencies issued the order...
Sharply higher gas prices pushed up inflation in August, yet underlying price measures cooled
WASHINGTON — A spike in gas prices pushed up inflation in August, yet most other costs rose at a more modest pace, evidence that price increases overall are still cooling. In a set of conflicting data released Wednesday, the Labor Department said the consumer price index rose 3.7% in August...
Looking for a refill? McDonald’s is saying goodbye to self-serve soda in the coming years
NEW YORK — Say goodbye to refilling that Coke. McDonald’s is getting rid of self-served soda. The Chicago-based fast food chain plans to eliminate self-service soda machines at its U.S. restaurants by 2032, McDonald’s confirmed this week. It’s unclear if locations outside the U.S. will follow suit. In an email...
U.S. claims Google pays more than $10 billion a year to maintain its search dominanceVideo
WASHINGTON — Google has exploited its dominance of the internet search market to lock out competitors and smother innovation, the Department of Justice said Tuesday at the opening of the biggest U.S. antitrust trial in a quarter century. “This case is about the future of the internet and whether Google’s...
‘New normal’ and other annoying buzzwords sure to drive co-workers crazy
If you haven’t uttered them yourself, you’ve probably heard them spew from the mouths of co-workers or your boss. They are the most annoying business buzzwords for 2023. So what’s the most fingernail-on-blackboard phrase for workers? “New normal,” according to a survey conducted by Preply Business, a language learning platform...
Apple’s new iPhones get faster chips, better cameras and new charging portsVideo
CUPERTINO, Calif. — Apple on Tuesday unveiled its next generation of iPhones — a lineup that will boast better cameras, faster processors, a new charging system and a price hike for the fanciest model. The showcase at Apple’s headquarters in Cupertino, California, comes as the company tries to reverse a...
Hostess is being acquired by JM Smucker in a deal valued at $5.6B after coming back from the brink
Hostess, the maker of snack classics such as Twinkies and HoHos, is being sold to J.M. Smucker in a cash-and-stock deal worth about $5.6 billion. Smucker, which makes everything from coffee to peanut butter and jelly, will pay $34.25 per share in cash and stock, and it will also pick...
Wall Street rises to reverse some of last week’s losses
NEW YORK — U.S. stocks are rising Monday as Wall Street recovers some of its losses from last week. The S&P 500 was 0.6% higher in afternoon trading, coming off its first losing week in the last three. The Dow Jones Industrial Average was up 90 points, or 0.3%, at...
Google’s dominance of internet search faces major challenge in legal showdown with U.S. regulators
The U.S. government is taking aim at what has been an indomitable empire: Google’s ubiquitous search engine that has become the internet’s main gateway. The legal attack will swing into full force Tuesday in a Washington D.C. federal courtroom that will serve as the battleground for the biggest U.S. antitrust...
John Dorfman: EOG, Livent have pleasingly plump profit margins
No one wants to hear the word “fat.” But put it together with “profit margins,” and it doesn’t sound bad. Once a year, I feature in this column some stocks that boast unusually large profit margins. These can be a sign that a company has a unique product or is...
New federal rule may help boost competition for railroad shipments at companies with few options
OMAHA, Neb. — Companies that have plants and facilities only served by one railroad may soon be able to get a bid from another railroad if their current service is bad enough under a new rule that was proposed Thursday to help boost competition. The U.S. Surface Transportation Board announced...
Self-driving truck startup launches in Pittsburgh
Almost a year after Argo AI closed its doors in Pittsburgh’s Strip District, the founders of that autonomous automobile startup have embarked on a new venture focusing on self-driving trucks. Called Stack AV, the firm plans to use self-driving technology to improve efficiency and enhance safety in the trucking industry....
The average long-term U.S. mortgage rate fell to 7.12%, second weekly drop since marking 22-year high
LOS ANGELES — The average long-term U.S. mortgage rate fell again this week, but remains near the 22-year high it hit three weeks ago, little relief for house hunters facing persistently high prices and a near-historic low number of homes for sale. Mortgage buyer Freddie Mac said Thursday that the...
Spirit Airlines to add daily flights between Pittsburgh and Miami
Pittsburghers will soon have another travel option to get to South Florida. Spirit Airlines said Monday that it will begin new nonstop service between Pittsburgh International Airport and Miami International Airport on Nov. 15 The low-cost carrier will offer daily flights leaving Pittsburgh at 11:29 a.m. and arriving in Miami...
Neuroscience Institute facility planned on Allegheny General Hospital campus
A five-story building at Allegheny General Hospital will be converted into a Neuroscience Institute for the acute treatment and long-term holistic management of neurological diseases. Construction at James and Hemlock streets on Pittsburgh’s North Side is underway and expected to be completed late next year. The project in the 80,000-square-foot...
Retired quarterback Tom Brady will be a strategic adviser for Delta Air Lines
ATLANTA — Delta Air Lines says it’s bringing former star quarterback Tom Brady on board as a “long-term strategic adviser.” Brady is a seven-time Super Bowl winner for the New England Patriots and Tampa Bay Buccaneers. “Bringing a leader like Tom onto the Delta team furthers our mission to connect...
Google reaches tentative settlement with 36 states and D.C. over alleged app store monopoly
Thirty-six states and the District of Colombia have reached an agreement in principle with Google to settle a lawsuit filed in 2021 over the tech giant’s alleged monopolistic control of app distribution for the software that runs most of the world’s cellphones. The agreement, cited in a court filing late...
