Business category, Page 13

Japan’s Nippon Steel has finalized its $14.9 billion takeover of U.S. Steel, the companies announced Wednesday, as they unveiled details about the deal, which amounts to a tightly monitored merger. To win government approval, the companies also have entered a national security agreement meant to mitigate worries about Nippon having...

WASHINGTON — Federal Reserve officials expect inflation to worsen in the coming months but they still foresee two interest rate cuts by the end of this year, the same as they projected in March. The Fed kept its key rate unchanged for the fourth straight meeting Wednesday, and said the...

At 15, Ryley Potlas already knows what she wants to do with her life. The Kiski Area School District freshman dreams of a career in welding, and she’s getting a jump on it by enrolling at Northern Westmoreland Career and Technology Center in New Kensington. “There’s a big need for...

President Donald Trump suggested on Tuesday that he would likely extend a deadline for TikTok’s Chinese owner to divest the popular video sharing app. Trump had signed an order in early April to keep TikTok running for another 75 days after a potential deal to sell the app to American...

WASHINGTON — Retail sales fell sharply in May as consumers pulled back from a spending surge early this year to get ahead of President Donald Trump’s sweeping tariffs on nearly all imports. Sales at retail stores and restaurants dropped 0.9% in May, the Commerce Department said Tuesday, after a decline...

LOS ANGELES — For the first time, streaming services have eclipsed traditional television in overall U.S. TV viewership, according to a Nielsen report released Tuesday. YouTube, Netflix, Paramount+ and other streaming services combined to attract 44.8% of all television usage in May, representing the largest share to date for direct-to-consumer...

Kraft Heinz will be pulling artificial dyes from its U.S. products starting in 2027 and will no longer roll out new products with the dyes. The move comes nearly two months after U.S. health officials said that they would urge foodmakers to phase out petroleum-based artificial colors in the nation’s...

WASHINGTON — The Senate passed legislation Tuesday that would regulate a form of cryptocurrency known as stablecoins, the first of what the industry hopes will be a wave of bills to bolster its legitimacy and reassure consumers. The fast-moving legislation, which passed by a 68-30 vote and will be sent...

WASHINGTON — The U.S. economy is mostly in good shape but that isn’t saving Federal Reserve chair Jerome Powell from a spell of angst. As the Fed considers its next moves during a two-day meeting this week, most economic data looks solid: Inflation has been steadily fading, while the unemployment...

BANFF, Alberta — U.S. President Donald Trump and British Prime Minister Keir Starmer said Monday that they had signed a trade deal that will slash tariffs on U.K. auto and aerospace industry imports — but they are still discussing how to handle steel production. The pair spoke to reporters at...

NEW YORK — Leonard Lauder, a renowned philanthropist who expanded the family cosmetics business into a worldwide empire, has died at 92. Estee Lauders Cos. announced the news in a release Sunday and said he died Saturday surrounded by family. Lauder, the eldest son of Estee and Joseph H. Lauder,...

NEW YORK — Calm returned to Wall Street on Monday as U.S. stocks rose and oil prices gave back some of their initial spurts following Israel’s attack on Iranian nuclear and military targets at the end of last week. The S&P 500 climbed 0.9% to reclaim most of its drop...

NEW YORK — The trade disputes involving global economic powerhouses such as the U.S. and China are being felt even in such distinctly local places as regional amusement parks. Families who balk at the cost of a summer vacation at big amusement parks like Disney World favor trips to regional...

NEW YORK — If Trump watches or sneakers or bibles aren’t your thing, the family business just added another product to show your support for the U.S. president: mobile phones. The Trump company announced Monday a new business, Trump Mobile, that will offer cell service in a licensing deal and...

CALGARY, Alberta — President Donald Trump would have unique influence over the operations of U.S. Steel under the terms of the investment being made by Nippon Steel. Administration officials over the past few days provided additional insight into the “golden share” arrangement that the federal government made as a condition...

The borough of Oakmont has been running like a broken clock twice a day this week. Before and after U.S. Open competition started each day, traffic was at a standstill on Hulton Road as players and fans made their way to Oakmont Country Club. Aside from those times, however, Oakmont...

WASHINGTON — President Donald Trump on Friday signed an executive order paving the way for a Nippon Steel investment in U.S. Steel, so long as the Japanese company complies with a “national security agreement” submitted by the federal government. Trump’s order didn’t detail the terms of the national security agreement....

NEW YORK — Popular online services across the globe were disrupted Thursday because of ongoing issues at Google Cloud. Tens of thousands of users of Spotify, Discord and other platforms began noticing issues with their services early in the afternoon, according to Downdetector, which tracks outages. Outage reports for music...

Mike Gunniers has a plan to expand his Monroeville-based automated systems company — Premier Automation — into a manufacturing hub for Southwestern Pennsylvania. The product of Gunniers’ vision, Premier Labs, a 70,0000-square-foot corporate venture studio in Murrysville, was introduced Thursday. It will focus on helping innovation and manufacturing startups, President...

WASHINGTON — President Donald Trump signed a resolution on Thursday that blocks California’s first-in-the-nation rule banning the sale of new gas-powered cars by 2035. The state quickly announced it was challenging the move in court, with California’s attorney general holding a news conference to discuss the lawsuit before Trump’s signing...

WASHINGTON — U.S. filings for jobless benefits were unchanged last week, remaining at the higher end of recent ranges as uncertainty over the impact of trade wars lingers. New applications for jobless benefits numbered 248,000 for the week ending June 7, the Labor Department said Thursday. Analysts had forecast 244,000...

Christian Klanica’s gut told him President Donald Trump wasn’t done raising steel and aluminum tariffs, so he turned down long-term production contracts and stocked up on supplies throughout the spring for his tool-and-die shop in Hempfield. Already, the 25% tariffs on these metals imposed in March have inflated the cost...

The day after graduating from North Allegheny High School in 1978, Dave Scholl went to work fixing bicycles in his parents’ shop in West View. He and his older brother, Ken, a 1973 grad, have been together there ever since. “That’s all we’ve done all of our life — fix...

A 200-room hotel and convention center with 15,000 square feet of meeting space could find a home at Westmoreland Mall. Some results of a study examining the feasibility of a hotel and convention center in Westmoreland County were revealed Wednesday by Sean Sullivan, general manager of Live Casino Pittsburgh, during...