Business category, Page 11

NEW YORK — Sales of Tesla electric cars fell sharply in the last three months as boycotts over Elon Musk’s political views continue to keep buyers away. The 13% plunge in global sales over a year earlier suggests the damage to Tesla’s brand from Musk’s embrace of U.S. President Donald...

Del Monte Foods, the 139-year-old company best known for its canned fruits and vegetables, is filing for bankruptcy protection as U.S. consumers increasingly bypass its products for healthier or cheaper options. Del Monte has secured $912.5 million in debtor-in-possession financing that will allow it to operate normally as the sale...

REDMOND, Wash. — Microsoft is firing thousands of workers, its second mass layoff in months and its largest in more than two years. The tech giant began sending out layoff notices Wednesday that hit the company’s Xbox video game business and other divisions. The company declined to say how many...

The Miracle Mile Shopping Center in Monroeville is for sale. No price is listed by CBRE, the real estate agency handling the sale, but the plaza along Route 22 near the Pennsylvania Turnpike interchange is described in the listing as a dominant regional shopping destination. The sale was announced on...

Fourth of July is like Christmas to William Olbeter. “Ever since I was a little kid, I fell in love with fireworks, and I’ve always wanted to do my own shows,” said Olbeter, of New Kensington. The 54-year-old puts on a fireworks show annually for his family and neighbors. Each...

NEW YORK — A mixed day of trading left the U.S. stock market split Tuesday as Wall Street’s momentum slowed after setting record highs in each of the last two days. The S&P 500 dipped 0.1% for its first loss in four days. The Dow Jones Industrial Average rose 400...

Spotlight PA is an independent, nonpartisan, and nonprofit newsroom producing investigative and public-service journalism that holds power to account and drives positive change in Pennsylvania. HARRISBURG — Amazon plans to spend $20 billion to build two data centers in Pennsylvania, a move that state officials say will generate thousands of...

WASHINGTON — Federal Reserve Chair Jerome Powell on Tuesday stuck to his position that the central bank will keep its key rate on hold while it waits to see how President Donald Trump’s tariffs effect the economy, defying the steady stream of criticism from the White House, which wants lower...

WASHINGTON — U.S. job openings rose unexpectedly in May, a sign that the American labor market remains resilien t in the face of high borrowing costs and uncertainty over U.S. economic policy. U.S. employers posted 7.8 million vacancies in May, The Labor Department reported Tuesday, up from 7.4 million in...

If you’re a do-it-yourself investor aiming to build a “no babysitter required” portfolio, here are the key steps to take. Step 1: Find your portfolio’s true north Give due consideration to your asset allocation. That decision will have the biggest impact on how your portfolio behaves in the future. The...

Fashion “dupes,” or less expensive versions of high-end clothing and other accessories, are just about everywhere these days. They’re also drawing some businesses into legal battles. In the latest example, Lululemon slapped a lawsuit against Costco on Friday, accusing the wholesale club operator of selling lower-priced duplicates of some of...

As Pittsburgh Mills’ parking lot continues to crater and its owner looks to unload a property that shows the challenge facing malls, a once-vibrant part of American commercialism that has faded, its neighbor to the south — Monroeville Mall — remains on a path toward redevelopment. Monroeville Mayor Nick Gresock...

A federal judge on Monday rebuffed Apple’s request to throw out a U.S. government lawsuit alleging the technology trendsetter has built a maze of illegal barriers to protect the iPhone from competition and fatten its profit margins. The 33-page opinion from U.S. District Judge Xavier Neals in New Jersey will...

In another change to its executive ranks, Boeing has hired a new chief financial officer to lead strategy, business planning and global real estate, the company said Monday. Jesus “Jay” Malave, the former chief financial officer at defense contractor Lockheed Martin, will replace Brian West, the CFO appointed by Boeing’s...

NEW YORK — The U.S. stock market added to its record on Monday as Wall Street closed out a second straight winning month. The S&P 500 rose 0.5% in its first trading after completing a stunning recovery from its springtime sell-off of roughly 20%. The Dow Jones Industrial Average added...

WASHINGTON — Clean energy advocates were already bracing for a Republican-led bill that would phase out tax credits for wind, solar and other renewable energy as President Donald Trump and GOP lawmakers moved to dismantle the 2022 climate law passed by Democrats under former President Joe Biden. But a proposal...

Giant Eagle will use the $1.6 billion sale of GetGo to remodel grocery stores, add new ones, reduce prices and grow its pharmacy presence. The grocer’s CEO, Bill Artman, detailed Giant Eagle’s plans to TribLive on Monday, just hours after the company announced it officially sold about 270 GetGo convenience...

News that the Pittsburgh Mills mall in Frazer could be for sale was met with reactions ranging from resignation to optimism, but all with a common question: What’s next for the Mills? The news comes in the midst of legal woes, including hundreds of township-issued citations, criminal charges and a...

At the height of the covid-19 pandemic, Chris MacTaggart and his friends had no problem following federal guidelines for outdoor recreation. In May 2020, he and two other cyclists started riding around Pittsburgh to get coffee once or twice a week. It was typical of covid-era social distancing in many...

Progressive Zohran Mamdani’s upset win in New York City’s Democratic mayoral primary has caused a stir among some in the city’s business establishment. It’s also spurred the leader of a Pennsylvania business group to try to take a bite of the Big Apple’s outsize share of the global economy and...

WASHINGTON — A key inflation gauge moved higher in May in the latest sign that prices remain stubbornly elevated while Americans also cut back on their spending last month. Prices rose 2.3% in May compared with a year ago, up from just 2.1% in April, the Commerce Department said Friday....

BANGKOK — The U.S. and China have signed an agreement on trade, President Donald Trump said, adding he expects to soon have a deal with India. Commerce Secretary Howard Lutnick told Bloomberg TV that the deal was signed earlier this week. Neither Lutnick nor Trump provided any details about the...

Giant Eagle’s sale of its GetGo gas stations and convenience stores looks like it’s a go. The Federal Trade Commission on Thursday gave the green light to Canadian-based Alimentation Couche-Tard to proceed with its acquisition of GetGo. The transaction is expected to close within the upcoming days, according to a...

U.S. Steel’s senior leadership under Nippon Steel is taking shape — and it looks a lot like it did before the buyout. The Japanese firm has elected to retain U.S. Steel president and CEO David Burritt as well many of the executives around him, according to filings with the Securities...

WASHINGTON — The U.S. economy shrank at a 0.5% annual pace from January through March as President Donald Trump’s trade wars disrupted business, the Commerce Department reported Thursday in an unexpected deterioration of earlier estimates. First-quarter growth was weighed down by a surge of imports as U.S. companies, and households,...