Business category, Page 126
In a first, some CSX railroad workers to get paid sick leave
OMAHA, Neb. — Several thousand workers at CSX will soon get one of the things that pushed the U.S. railroad industry to the brink of a strike last fall: paid sick time. CSX announced a deal this week with two of its 12 unions, becoming the first major railroad to...
West Virginia’s $1 billion surplus sparks pitched tax battle
CHARLESTON, W.Va. — West Virginia’s Republican Senate leaders have answered the call to dramatically slash the state income tax by proposing to shave 15% off the rate at a cost of about $600 million, or more than half the state’s budget surplus. GOP senators described the plan as a safer,...
Another $237M granted to Honda battery plant project in Ohio
COLUMBUS, Ohio — Ohio’s privatized economic development office has finalized an agreement with Honda to infuse $237 million into development of a massive battery plant project that the Japanese automaker plans to use to transform the state into its North American electric vehicle hub. JobsOhio posted details of the package...
Goodwill of Southwestern Pennsylvania names new president and CEO
Goodwill of Southwestern Pennsylvania has named a new president and CEO. Monique McIntosh joins Goodwill from her most recent position as the chief program officer of YWCA Greater Pittsburgh. McIntosh is the first woman and person of color to lead the Lawrenceville-headquartered organization. “Intentional diversity, equity, inclusion and belonging efforts...
John Travolta, Adam Driver star in Super Bowl ads
NEW YORK — The Super Bowl is advertising’s biggest, glitziest stage. Big name advertisers from Netflix to Google are paying as much as $7 million for a 30-second spot during the big game on Sunday, in order to capture the attention of the roughly 100 million viewers who tune in...
Job fair targets workers as businesses boost wages to attract help
It’s the same mantra from many local employers looking for workers in the Alle-Kiski Valley: Where are they? However, some businesses, such as Filterbuy in New Kensington, have upped wages to attract new employees and make it easier for them to try different jobs and earn promotions. Filterbuy will be...
Wall Street rallies after swerving on Fed chair’s commentsVideo
NEW YORK — Wall Street rallied Tuesday after the Federal Reserve signaled last week’s stunningly strong jobs report won’t by itself change where interest rates are heading, as some investors had feared. The S&P 500 climbed 1.3% following a shaky day where stocks pinballed between losses and gains as Fed...
Big tech job cuts keep coming; Zoom latest to trim headcount
The tech industry started the year with a wave of job cuts, around 50,000 in January alone, and there doesn’t appear to be any let up this month. The computer maker Dell said this week that it’s cutting about 6,600 jobs. Large and small tech companies went on a hiring...
John Dorfman: PulteGroup and Group 1 Automotive show value, momentum
Just because a stock is cheap doesn’t mean it can’t get cheaper. That’s why some investors prefer stocks that show both value and momentum. Twice a year, I highlight a few such stocks in this column. Here are a few more. Each of these stocks has beaten the S&P 500...
Super Bowl gambling surging as states legalize it? You bet
ATLANTIC CITY, N.J. — As legal sports gambling proliferates, the number of Americans betting on the Super Bowl and the total amount they’re wagering is surging — although most of the action is still off the books. An estimated 1 in 5 American adults will make some sort of bet,...
Millennial Money: Should unmarried couples have one account?
When a couple joins financial forces, it’s typically so they can accomplish a joint savings goal or contribute to shared expenses, such as those that come from living together. This is a typical step for married couples, but more unmarried couples are taking the plunge to combine households: The number...
Group: 1-in-5 U.S. adults will bet on this year’s Super Bowl
ATLANTIC CITY, N.J. — A record 50.4 million American adults plan to bet on this year’s Super Bowl, wagering a total of $16 billion, the gambling industry’s national trade group predicted Tuesday. The American Gaming Association forecasts that 1-in-5 American adults will place a bet on Sunday’s NFL championship game...
Iconic Kings restaurant chain down to just 5 locations since 2015 sale
Kings Family Restaurants, an iconic Western Pennsylvania chain that once boasted 30 locations and created a darker counter-confection to its rival’s Smiley Cookie, has been whittled down to just five sites. Patrons who went to the Kings at 315 Hyde Park Road in Allegheny Township on Sunday learned the eatery...
Fox sells out Super Bowl ads: crypto out, alcohol in
NEW YORK — The hottest ticket in town for advertisers is officially sold out. Fox said Monday that in-game ads for Super Bowl LVII have all been sold. The big game between the Kansas City Chiefs and the Philadelphia Eagles takes place on Sunday. The Super Bowl is advertising’s biggest...
National Enquirer, The Globe sold in all-cash deal
The National Enquirer, the scandal-plagued tabloid that engaged in “catch-and-kill” practices to bury stories about Donald Trump during his presidential campaign, has been sold. VVIP is buying the National Examiner and another tabloid, the Globe, from magazine publisher a360 Media in an all-cash deal, though exact financial terms were not...
Liz Weston: ‘Bridge’ your way to Social Security
Delaying the start of Social Security benefits is a powerful way for retirees to cope with inflation, survive bad investment markets and reduce the risk they’ll run short of money. The advantages of waiting are so great that financial planners often recommend their clients tap other savings, such as retirement...
Retailers try to curb theft while not angering shoppers
NEW YORK — When the pandemic threat eased, Maureen Holohan was eager to scale back her online shopping and return to physical stores so she could more easily compare prices and scour ingredients on beauty and health care products for herself and her three children. But that experience was short...
Tesla hikes price of Model Y after U.S. alters tax credit rule
DETROIT — Tesla has raised prices on its Model Y in the U.S., apparently due to rising demand and changes in U.S. government rules that make more versions of the small SUV eligible for tax credits. The Austin, Texas, electric vehicle company bumped up the price of the Model Y...
Disney World unions vote down offer covering 45,000 workers
ORLANDO, Fla. — Union members voted down a contract proposal covering tens of thousands of Walt Disney World service workers, saying it didn’t go far enough toward helping employees face cost-of-living hikes in housing and other expenses in central Florida. The unions said that 13,650 out of 14,263 members who...
A surprising burst of U.S. hiring in January: 517,000 jobs
WASHINGTON — For nearly a year, the Federal Reserve has been on a mission to cool down the job market to help curb the nation’s worst inflation bout in four decades. The job market hasn’t been cooperating. Consider what happened in January: The government said Friday that employers added a...
Jury clears Musk of wrongdoing related to 2018 Tesla tweets
SAN FRANCISO — A jury on Friday decided Elon Musk didn’t deceive investors with his 2018 tweets about electric automaker Tesla in a proposed deal that quickly unraveled and raised questions about whether the billionaire had misled investors. The nine-member jury reached its verdict after less that two hours of...
Treasury makes more electric SUVs eligible for tax credits
WASHINGTON — The Treasury Department said Friday it is making more electric vehicles — including SUVs made by Tesla, Ford and General Motors — eligible for tax credits of up to $7,500 under new vehicle classification definitions. The revised standards for EV tax credits follow lobbying by automakers that had...
Nostalgia sells; nostalgia with a twist can be a smash
Nostalgia sells and marketers know it, having used the brands of yesteryear fully aware that consumers will open their wallets to scratch that sentimental itch. Those oldies but goodies keep popping up today, but increasingly with a twist. Companies continue to re-release snacks, entertainment and technology that millions of people...
U.S. adds a surprisingly strong 517,000 jobs despite Fed hikes
WASHINGTON — America’s employers added a robust 517,000 jobs in January, a surprisingly strong gain in the face of the Federal Reserve’s aggressive drive to slow growth and tame inflation with higher interest rates. The unemployment rate dipped to 3.4%, a new half-century low. Friday’s government report added to the...
Apple suffers 1st quarterly sales decline in nearly 4 years
Apple on Thursday posted its first quarterly revenue drop in nearly four years after pandemic-driven restrictions on its China factories curtailed sales of the latest iPhone during the holiday season. The company’s sales of $117 billion for the October-December period represented a 5% decline from the same time in the...
