Business category, Page 11
‘Firing on all cylinders’: Natural gas producer EQT Corp. posts $407M profit
Pittsburgh-based natural gas heavyweight EQT Corp. posted a $407 million third-quarter profit, bolstered by a smooth integration with newly acquired competitor Olympus Energy. “Strategically, when we look at what we’re doing, it’s really simple: getting access to the best markets and supplying the best energy,” EQT CEO Toby Rice said...
iPhone bug could contribute to numerous typing errors
Have you been making more typing errors than usual on your iPhone? Turns out, it might not just be you. There’s a new bug in iOS that’s causing frustration among iPhone users, according to PC Guide. Many users have been complaining on the iOS subreddit about typing problems after updating...
Americans are falling behind on car loans. Here’s how to catch up.
More Americans are trading in underwater vehicles. That does not mean the vehicles are submerged. In a sense, the drivers are. More than one in four trade-ins had negative equity in the third quarter of 2025, Edmunds reports. In auto industry parlance, the loans were underwater. Of all used vehicles...
Ford recalling 1.4 million U.S. vehicles over faulty rear-view cameras
WASHINGTON — Ford said Wednesday it is recalling nearly 1.45 million older vehicles in the United States due to faulty rear-view cameras and will extend warranty coverage on millions of other vehicles. The announcement is the latest in a series of recalls over the issue for the second largest U.S....
John Dorfman: Hedge-fund favorites rose 23% in past year
A bright young intern just left my firm to work for a New York hedge fund. That was bad news for me, but not unusual in the financial world. Hedge funds are magnets for talent, partly because in good years they can pay handsome bonus checks. Gurufocus.com maintains a screen...
Starboard CEO to Tripadvisor: Sell TheFork
NEW YORK - Starboard Value CEO Jeff Smith said Tuesday Tripadvisor should consider selling its restaurant booking platform TheFork and possibly the entire company. Smith, speaking at the annual 13D Monitor Active Passive Investment Summit in New York, said Tripadvisor has an “amazing” brand, but “there is a huge opportunity...
UPS to add air conditioning to 5,000 delivery trucks in hottest delivery zones
LOS ANGELES — United Parcel Service will retrofit 5,000 of its boxy, brown trucks with air conditioning in delivery areas with the hottest weather, according to the company and the Teamsters Union that represents the delivery firm’s drivers. UPS committed to add 28,000 air-conditioned delivery trucks in its current national...
Eos Energy announces $350M expansion including Pittsburgh HQ for zinc battery operation
Economic development officials have pledged $24 million in public money toward a major expansion of zinc battery company Eos Energy, which plans to add hundreds of jobs and relocate its headquarters to Pittsburgh. The investment from Pennsylvania and Allegheny County is on top of a $400 million federal loan made...
Supreme Court told Trump tariffs are illegal $3 trillion tax
Small businesses challenging many of President Donald Trump’s global tariffs urged the U.S. Supreme Court to affirm lower court rulings that the import levies amount to a massive illegal tax on American companies. Trump usurped the power of Congress to tax when he issued levies in February and April under...
Canvas, Instacart, Verizon, Fanduel, Snapchat, Venmo down. What is Amazon Web incident?
Major websites and popular apps were down and unavailable Monday, Oct. 20, due to an Amazon Web Services outage, or AWS incident. The disruption forced Verizon phones into “SOS” mode, and downed apps and impacted schools and teachers with the online platform Canvas by Instructure down, as well as Zoom,...
Apple closes in on $4 trillion valuation as data shows strong demand for iPhone 17
Apple shares surged to an all-time high on Monday, with the iPhone maker close to becoming the third company to hit a $4 trillion market valuation as data showed strong momentum for the latest iPhone. Data from research firm Counterpoint showed the iPhone 17 series outperformed its predecessor in early...
Amazon says AWS cloud service is back to normal after outage disrupts businesses worldwide
Amazon.com cloud service returned to normal operations on Monday afternoon, the company said, after an internet outage that caused global turmoil among thousands of sites, including some of the web’s most popular apps such as Snapchat and Reddit. Still, Amazon said some AWS services had a backlog of messages that...
Rankin wine lounge, Mary’s Vine, closing at end of October
A Rankin wine lounge and restaurant will close its doors at the end of the month. Mary’s Vine, which opened along Kenmawr Avenue in 2019, posted its farewell announcement to social media. “We are deeply grateful for your support, your friendship and the memories we’ve created together,” the post said....
‘Sky’s the limit’ for workers at New Stanton’s Amazon warehouse
Inside Amazon’s massive 1.1 million-square-foot New Stanton warehouse, a constant hum of moving parts and people fills the air as packages travel along a seemingly endless matrix of metal rollers. The decidedly modern facility, with a nonstop flow of packages, has an equally large appetite for workers. TribLive received an...
Female business leaders share their stories at Women Shaping Our Region event
They are the Rosie the Riveters of today — strong women who, like the cultural female icon with the red-and-white bandana and arm flexed, are symbols of strength and resilience. Six women leaders in their fields took center stage at the DoubleTree by Hilton Hotel Pittsburgh-Cranberry on Friday for the...
Trump says 100% tariffs on China not sustainable
WASHINGTON — President Donald Trump said his proposed 100% tariff on goods from China would not be sustainable but blamed China for the latest impasse in trade talks that began with Beijing tightening control over its rare earth exports. Asked whether such a high tariff was sustainable and what that...
Leda Health, a Pittsburgh company that makes at-home rape kits, settles false claims lawsuit
The Pennsylvania Attorney General’s Office on Thursday announced a settlement with a Pittsburgh company that sells at-home rape kits. Under the terms of the settlement, Leda Health must provide a written warning that its products do not meet the same standards as hospital-based evidence collection services. The state sued Leda...
U.S. rejects bid to lease coal from public lands in Utah as sales in western states fall flat
BILLINGS, Mont. — Federal officials rejected a mining company’s bid for more than 6 million tons of coal beneath a national forest in Utah, marking the third proposed coal sale from public lands in the West to fall through this month, the Interior Department disclosed Thursday. The failed sales mark...
John Dorfman: Step into the shadows and take a peek at my Purloined Portfolio
Do you keep an eye on your competition? Of course you do. Competition research is common sense. When you think a competitor has a great idea, adopt it or adapt it. In that spirit, once a year I compile a Purloined Portfolio, consisting of one stock from each of five...
AHN signs deal to pull Heritage Valley hospitals into its network
Allegheny Health Network and the much smaller Heritage Valley Health System have signed a merger agreement, marking the latest push by the Pittsburgh region’s biggest hospital systems to expand their reach. Officials on Thursday announced the deal, which requires state and federal government approval. It would bring Heritage Valley hospitals...
Pittsburgh City Paper ends weekly print editions
Pittsburgh City Paper on Wednesday announced it is cutting its weekly print edition. Executive Editor Ali Trachta in a letter posted to the paper’s website said the alternative newspaper would continue posting content online and social media pages and will publish four print editions annually. “Like many newspapers — especially...
A year after their union vote, Greco Steel workers continue contract struggle
Several dozen workers and supporters were met with locked doors at Greco Steel’s Springdale headquarters on Wednesday as some employees continued their yearlong struggle for a contract with the company. The nine workers won a narrow vote — 9-7 — to join the Iron Workers International Union last October. Still...
BlackRock, Nvidia-backed group strikes $40 billion AI data center deal
An investor group, including BlackRock and Nvidia, will buy Aligned Data Centers from Macquarie Asset Management in a deal worth $40 billion, the companies said Wednesday, as AI infrastructure expansion powers on. The deal underscores an intensifying race to expand the costly, supply-constrained infrastructure required to develop artificial intelligence technology,...
Heights Plaza in Harrison on the market for $16M
The Heights Plaza shopping center in Harrison is for sale. The 30-acre property, owned by New York-based Benbrooke Realty Investment Co., is on the market for $16 million, according to a listing on LoopNet.com. Rich Lubkin of Benbrooke did not return TribLive calls or email requests for comment. The sale...
Meta tightens teen safeguards on Instagram with PG-13-style content filters
Instagram will limit what users under 18 can see on the platform using filters inspired by the PG-13 movie rating system, in the latest step by its parent Meta to address criticism that it has not done enough to protect teenagers online. Modeled on the Motion Picture Association’s ratings, the...
