Business category, Page 109
Ford cutting several hundred white-collar jobs to reduce cost amid transition to electric cars
DEARBORN, Mich. — Ford Motor Co. is going through another round of white-collar job cuts as the company continues to reduce costs amid a transition to electric vehicles. The company confirmed Tuesday that it was starting to notify several hundred engineers and other salaried employees that their jobs are being...
U.S. consumer confidence jumps to highest level since early 2022
WASHINGTON — The American consumer’s confidence jumped in June to its highest level in 18 months as a strong labor market continues to buoy the U.S. economy. The Conference Board reported Tuesday that its consumer confidence index rose to 109.7 in June from 102.5 in May. That’s the highest the...
Lordstown Motors files for Chapter 11 bankruptcy protection
Commercial electric vehicle startup Lordstown Motors Corp. has filed for Chapter 11 bankruptcy protection nearly two months after it warned that it was in danger of failing. In early May electronics company Foxconn wavered on a $170 million investment in Lordstown. The Ohio company said in a regulatory filing at...
Breeze Airways adds low-cost flights from Pittsburgh to Tampa
One of the newest airlines operating out of Pittsburgh International Airport plans to add flights to Tampa early this fall. Breeze Airways, which launched service in Pittsburgh in July 2021, announced that it will begin offering nonstop flights between Pittsburgh and Tampa International on Oct. 5. Round-trip flights will be...
Amazon is investing another $7.8B in Ohio-based cloud computing operations
COLUMBUS, Ohio — Amazon’s profitable cloud business will invest roughly $7.8 billion by the end of 2029 to expand its data center operations in central Ohio, state leaders announced Monday, further advancing the state’s efforts to establish itself as the Midwest’s technology hub. The new investments by Amazon Web Services,...
Safety, oversight concerns raised as Pa. lawmakers pursue billions for hydrogen hubs
Spotlight PA is an independent, nonpartisan newsroom powered by The Philadelphia Inquirer in partnership with PennLive/The Patriot-News, TribLIVE/Pittsburgh Tribune-Review, and WITF Public Media. Sign up for our free newsletters. HARRISBURG — The Pennsylvania Senate is weighing a measure that would give state regulators, rather than federal ones, the power to...
Honda recalls nearly 1.2M vehicles because of faulty rear camera image
DETROIT — Honda is recalling nearly 1.2 million vehicles in the U.S. because the rear view camera image may not appear on the dashboard screen. The recall covers certain Odyssey minivans from 2018 to 2023, as well as Pilot SUVs from 2019 to 2022 and Passport SUVs from 2019 to...
Tech billionaires’ cage match? Musk throws down the gauntlet and Zuckerberg accepts challenge
WASHINGTON — Elon Musk and Mark Zuckerberg are ready to fight, offline. In a now-viral back-and-forth seen on Twitter and Instagram this week, the two tech billionaires seemingly agreed to a “cage match” face off. It all started when Musk, who owns Twitter, responded to a tweet about Meta reportedly...
Programming changes could be coming to WESA, WYEP radio during ‘challenging times’
Pittsburgh Community Broadcasting Corporation plans to offer voluntary buyouts to two of its reporters and programming changes could be forthcoming along with staffing adjustments. PCBC owns WESA-FM, the local NPR affiliate, and WYEP. The employees are represented by SAG-AFTRA, a national union for broadcasters. In a letter sent to members,...
Amazon is accused of enrolling consumers into Prime without consent
NEW YORK — Amazon was sued Wednesday by Federal Trade Commission for what it called a years-long effort to enroll consumers without consent into its Prime program and making it difficult for them to cancel their subscriptions. In a complaint filed in the U.S. District Court for the Western District...
Sheetz eyes new store location on Greensburg’s East Pittsburgh Street
Greensburg soon could have another Sheetz store. The Altoona-based company is proposing to build a new convenience store and gas station at 770 E. Pittsburgh St., near the intersection of Humphrey Road at the city’s eastern border. The city zoning hearing board on Wednesday is expected to consider a request...
West Virginia cash-for-worker program adds 5th destination
CHARLESTON — A program offering cash and free outdoor adventures to remote workers to move to West Virginia with the hope of offsetting population losses has added a fifth destination where out-of-state workers can apply to live. The public-private program Ascend West Virginia said Tuesday that applications are being accepted...
Electric vehicle maker Rivian to join Tesla charging network
DETROIT — Electric vehicle maker Rivian says it will follow General Motors and Ford and join Tesla’s charging network next year. The startup truck, SUV and delivery van maker says Tuesday that like GM and Ford, it will include ports with Tesla’s connector on future Rivian vehicles starting in 2025....
Millennial Money: Should you financially support adult kids?
Some parents will tell you firsthand there’s no expiration date on this raising kids gig. For some, that means they extend financial help to their kids into adulthood. When I was 21 and got into a master’s program at a college of my dreams, my mom swooped in to help...
Gannett sues Google, Alphabet claiming they have a monopoly on digital advertising
Gannett has filed a civil lawsuit against Google and its parent company Alphabet, claiming that they unlawfully hold monopolies in the advertising technology tools that publishers and advertisers use to buy and sell online ad space. The largest U.S. newspaper publisher by total daily circulation alleges in the suit that...
John Dorfman: I own these 25 stocks in my personal account
While I write about more than 200 stocks each year, I own far fewer. Once a year in this column, I discuss my holdings. Here are the 25 I own personally and for most clients now. Communications I hold the same three communications stocks I held a year ago —...
Bare minimum Mondays: A healthy work-life balance or just slacking off?
A new concept is taking a turn on social media among Millennials and Gen Z — bare minimum Mondays. This new trend has gained popularity for seeking to emphasize a healthy work-life balance. Essentially, a bare minimum Monday is a Monday where someone eases into the work week by doing...
Amazon, Marriott and other companies vow to hire thousands of refugees in Europe
LONDON — Multinational companies including Amazon, Marriott and Hilton pledged Monday to hire more than 13,000 refugees, including Ukrainian women who have fled the war with Russia, over the next three years in Europe. Just ahead of World Refugee Day on Tuesday, more than 40 corporations say they will hire,...
Eviction filings are 50% higher than they were pre-pandemic in some cities as rents rise
ATLANTA — Entering court using a walker, a doctor’s note clutched in his hand, 70-year-old Dana Williams, who suffers serious heart problems, hypertension and asthma, pleaded to delay eviction from his two-bedroom apartment in Atlanta. Although sympathetic, the judge said state law required him to evict Williams and his 25-year-old...
Unionized UPS workers vote to authorize a strike in high-stakes negotiations for a new contract
NEW YORK — Unionized UPS workers voted overwhelmingly on Friday to authorize a strike, setting the stage for a potential work stoppage if the package delivery company and Teamsters can’t come to an agreement before their contract expires next month. The Teamsters have urged workers to authorize a strike to...
Biden hosts Live Nation, SeatGeek and Airbnb execs to showcase push to end hidden ‘junk fees’
WASHINGTON — President Joe Biden highlighted progress in chipping away at so-called junk fees as a “win for consumers” Thursday, as he met at the White House with executives from Live Nation, Airbnb and other companies that have taken steps to embrace more transparent pricing. Biden prioritized the effort to...
Retail sales rose 0.3% in May despite pressure from higher inflation, interest rates
NEW YORK — Americans increased their spending at retailers last month despite pressure from still-high inflation and rising borrowing costs. Thursday’s report from the Commerce Department showed that retail sales rose 0.3% from April to May, boosted by stronger sales of auto and parts dealers. Economists had been expecting a...
Ex-Starbucks manager awarded $25.6 million in suit over firing after 2018 arrests of 2 Black men
CAMDEN, N.J. — Jurors in federal court have awarded $25.6 million to a former Starbucks regional manager who alleged that she and other white employees were unfairly punished after the high-profile arrests of two Black men at a Philadelphia location in 2018. Shannon Phillips won $600,000 in compensatory damages and...
Fed keeps rates unchanged for first time in 15 months but signals 2 more potential hikes this yearVideo
WASHINGTON — The Federal Reserve kept its key interest rate unchanged Wednesday after having raised it 10 straight times to combat high inflation. But in a surprise move, the Fed signaled that it may raise rates twice more this year, beginning as soon as next month. The Fed’s move to...
Bud Light, top U.S. seller since 2001, loses sales crown to Modelo as backlash continues
After more than two decades as America’s best-selling beer, Bud Light has slipped into second place. Modelo Especial, a Mexican lager, overtook Bud Light in U.S. retail dollar sales in the month ending June 3, according to Nielsen data analyzed by Bump Williams Consulting. Modelo controlled 8.4% of U.S. grocery,...
