Business category, Page 111
Norfolk Southern is 1st railroad to give all workers sick time but all see progress in labor talks
OMAHA, Neb. — Norfolk Southern became the first major freight railroad with deals to provide paid sick time to all of its workers Monday, but the other railroads are making progress with nearly 60% of all rail workers securing this basic benefit since the start of the year. All of...
Crude prices are up after Saudi cuts, but energy prices way down from last year
Wall Street is relatively flat Monday following last week’s last surge propelled by U.S. jobs data that raised new questions about if or when a recession might arrive. Futures for the S&P 500 and the Dow Jones Industrial Average are essentially unchanged heading into a week with little new data...
Saudi Arabia is slashing oil supply. It could mean higher gas prices for U.S. drivers
FRANKFURT, Germany — Saudi Arabia will reduce how much oil it sends to the global economy, taking a unilateral step to prop up the sagging price of crude after two previous cuts to supply by major producing countries in the OPEC+ alliance failed to push oil higher. The Saudi cut...
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
Apple appears poised to unveil a long-rumored headset that will place its users between the virtual and real world, while also testing the technology trendsetter’s ability to popularize new-fangled devices after others failed to capture the public’s imagination. After years of speculation, the stage is set for the widely anticipated...
Retiring from retirement: Whether for financial reasons or boredom, a growing number of older adults are rejoining the workforce
Michael Trenga was retired two days before he jumped back into the workforce. The decision was financially motivated. “I retired on a Friday and went back to work on a Monday,” said Trenga, 71, of Leechburg. “Without my job, I would have to cut back on a lot — not...
Pittsburgh-based Astrobotic partners with Jeff Bezos company to build a lunar lander
The lunar road back to the moon “lies right here, through the Keystone State,” NASA Deputy Administrator Pam Melroy said during a visit to Pittsburgh on Friday. Sixty-three Pennsylvania suppliers contributed to NASA’s Artemis mission, which aims to return humans to the moon and use that as a launching point...
Journalists to strike at the largest U.S. newspaper chain
Journalists across the U.S. will walk off their jobs next week at roughly two dozen newsrooms run by Gannett, the largest newspaper chain in the the country, their union said Thursday. The mostly one-day strike, which will start Monday, aims to protest Gannett’s leadership and cost-cutting measures imposed since its...
United Steelworkers seeking vote to unionize thousands of Pitt staff
The United Steelworkers said it intends to file paperwork Monday calling for a state-supervised labor election that could unionize more than 5,000 workers at the University of Pittsburgh’s main campus and four branches. The USW already represents about 3,000 full- and part-time faculty on Pitt’s main campus in Oakland and...
Know any airplane mechanics? A wave of retirements is leaving some U.S. industries desperate to hire
WASHINGTON — Kwasi Bandoh, a senior recruiter for an airline, stood before a group of aviation mechanic students at their graduation ceremony last month and congratulated them for all having jobs. As some of the students began nudging each other, Bandoh realized that perhaps not every one of them had...
U.S. safety agency to require automatic emergency braking on new vehicles and set tougher standards
WASHINGTON — The U.S. government’s auto safety agency plans to require that all new passenger cars and light trucks include potentially life-saving automatic emergency braking and meet stricter safety standards within three years. Wednesday’s announcement by the National Highway Traffic Safety Administration represents the agency’s latest move toward regulating electronic...
FTC charges Amazon with privacy violations over Alexa and Ring cameras
WASHINGTON — Amazon will pay more than $30 million to settle alleged privacy violations involving its voice assistant Alexa and its doorbell camera Ring. The Federal Trade Commission voted to file charges in two separate cases Wednesday that could also force the company to delete certain data collected by its...
Conservatives call for boycott of Chick-fil-A for being ‘woke’
The latest target of conservative outcry is no longer Target. Hundreds of social media users took to Twitter on Wednesday to call for a boycott of Chick-fil-A over the diversity, equity and inclusion (DEI) page on the restaurant’s website. “(T)hey Chose Go Woke, Go Broke,” Twitter user MAGA American Patriot...
Job openings surge to 10.1 million, upping odds for Fed hikeVideo
Vacancies at U.S. employers unexpectedly surged in April to the highest in three months, giving the Federal Reserve more reason to consider hiking interest rates again soon. The number of available positions increased to 10.1 million from an upwardly revised 9.75 million in March, the Labor Department’s Job Openings and...
Allegheny Health Network trims losses as patient volume climbs
Allegheny Health Network shrank its losses during the first three months of the year, citing higher patient numbers and increased membership in its insurance units. The 14-hospital system on Wednesday reported an operating loss of $36.2 million for the first quarter compared to a loss of $105.5 million during the...
U.S. safety agency to require auto emergency braking on new vehicles, set tougher standards
WASHINGTON — The U.S. government’s auto safety agency plans to require that all new passenger cars and light trucks include potentially life-saving automatic emergency braking and meet stricter safety standards within three years. Wednesday’s announcement by the National Highway Traffic Safety Administration represents the agency’s latest move toward regulating electronic...
Master business skills without paying for an MBA
Lindsay Mack earned her bachelor’s degree from Georgetown University in 2005. Nearly 15 years later, when she considered the best way to grow her business acumen, an MBA was not it. Mack, who is from Philadelphia, grew her career without an MBA. When ready to advance her skills in platform...
Amazon workers stage walkout over job cuts, return-to-office mandate
SEATTLE — A group of corporate Amazon workers upset about the company’s environmental impact, recent layoffs and a return-to-office mandate is planning a walkout at the company’s Seattle headquarters Wednesday. The lunchtime protest comes a week after Amazon’s annual shareholder meeting and a month after a policy took effect requiring...
CEOs got smaller raises. It would still take a typical worker 2 lifetimes to make their annual pay
After ballooning for years, CEO pay growth is finally slowing. The typical compensation package for chief executives who run S&P 500 companies rose just 0.9% last year, to a median of $14.8 million, according to data analyzed for The Associated Press by Equilar. That means half the CEOs in the...
IBM, Colgate and 3 other stocks I would sell
My father owned International Business Machines (IBM) stock most of the time from the 1950s to the 1980s. Maybe your father did, too. I hope he did, because IBM shares rose well over one hundred fold in that period. Today, I think IBM and some other well-known names should be...
U.S. ends probe into Tesla allowing video games while vehicles are moving
DETROIT — U.S. highway safety regulators have closed an investigation into Tesla allowing video games to be played on center touch screens while vehicles are moving. The National Highway Traffic Safety Administration says in documents posted Tuesday that Tesla disabled the feature called “passenger play” with an online software update...
Millennial Money: 3 signs you may need a credit card hiatus
When your finances start to spiral and it becomes increasingly difficult to keep up with credit card payments or build toward financial goals, switching your payment method temporarily to cash or debit could help. Spending with credit cards can stimulate the brain’s reward center and drive you to make more...
Liz Weston: 5 ways to simplify and reduce your money clutter
Professional organizers might define household clutter as a pile of unmade decisions. Money clutter is much the same. Those credit cards you no longer use but haven’t closed? That’s money clutter. So is the retirement account you left behind three jobs ago and the financial paperwork you keep but no...
E.U. official says Twitter abandons bloc’s voluntary pact against disinformation
LONDON — Twitter has dropped out of a voluntary European Union agreement to combat online disinformation, a top EU official said Friday. European Commissioner Thierry Breton tweeted that Twitter had pulled out of the E.U.’s disinformation “code of practice” that other major social media platforms have pledged to support. But...
Walgreens laying off 10% of corporate workforce
Walgreens is eliminating 504 corporate jobs, representing about 10% of the retail pharmacy giant’s corporate workforce, the company confirmed late Thursday. The affected jobs are mostly at Walgreens’ Deerfield, Ill., and Chicago offices. The roles represent about 1% of its overall U.S. workforce. “As we continue to transform our business...
UPMC income ticks up during 1st quarter
UPMC reported higher income and revenue during the first three months of the year, citing gains including increased patient volumes and higher enrollment in its insurance products. Still, diminishing pandemic-related government funding and increased labor costs dragged down results, the Pittsburgh-based health care giant said Wednesday. UPMC reported operating income...
