Business category, Page 192
Overcoming challenges, Alle-Kiski Valley businesses continue to recover
Alle-Kiski Valley businesses are beginning to emerge from the incredible challenges caused by last year’s covid-19 pandemic. Many small-business owners said they’ve experienced a significant loss of income, stress and hardship during the shutdown and subsequent covid restrictions placed on their businesses. A 2020 U.S. Census Bureau Small Business Survey...
Westmoreland County restaurants lean on combination of self, government helpVideo
After eight years of co-owning and operating J&M Export Deli, Michelle Gilson feels like it’s her first year all over again. Gilson, with co-owner Jennifer Minnick, was forced to make several cost-saving changes to the Export-based deli over the past year — like reducing the staff by three employees and...
Hiring still a problem across most industries
Despite inventive ways to lure new job candidates, owners and managers in many industries have been striking out for months on filling open spots. There was 20 openings in late May at Charley Family Shop ‘n Save stores in Murrysville, Hempfield and Greensburg. Co-owner Tom Charley said the grocer started...
Pandemic business survival a question of help, perseverance
Some relied on government funding to get through. In other cases, employees pitched in, volunteering their time instead of taking a paycheck. Others switched gears entirely, revamping their business plan. Whatever the means, local businesses found a way to survive months fraught with government-mandated shutdowns, capacity restrictions and headaches brought...
Widow says antivirus software pioneer John McAfee was not suicidal
SANT ESTEVE SESROVIRES, Spain — The widow of John McAfee, the British-American tycoon who died in a Spanish prison this week while awaiting extradition to the United States, said Friday that her husband was not suicidal when she last spoke to him hours before he was found dead. Authorities in...
Stocks add to weekly gains, helped by infrastructure dealVideo
Stocks closed higher Thursday on Wall Street as traders were encouraged to see a bipartisan deal on infrastructure spending as well as some positive reports on the economy. The S&P 500 marked another record high, beating the peak it set early last week. Stocks added to their gains in the...
Boom in Native American oil complicates Biden climate push
NEW TOWN, N.D. — On oil well pads carved from the wheat fields around Lake Sakakawea, hundreds of pump jacks slowly bob to extract 100 million barrels of crude annually from a reservation shared by three Native American tribes. About half their 16,000 members live on the Fort Berthold Indian...
Microsoft debuts Windows 11, first major update in 6 years
Microsoft has unveiled the next generation of its Windows software, called Windows 11, that has a new Start Menu and other features. The newest version of Microsoft’s flagship operating system announced Thursday will be a successor to today’s Windows 10, which the company introduced in 2015. In a challenge to...
BuzzFeed to become a publicly traded company
NEW YORK — Digital media company BuzzFeed is setting its sights on growth. It plans to become a publicly traded company with an implied value of $1.5 billion through a merger with a special purpose acquisition company. BuzzFeed hopes the move will put it in a better position to capture...
Stocks end listless day on Wall Street mixed as calm returns
A listless day on Wall Street ended with indexes mixed on Wednesday, as nervousness continues to wash out of the market following last week’s jolt by the Federal Reserve. The S&P 500 slipped 4.60 points, or 0.1%, to 4,241.84 after earlier meandering between very modest gains and losses. It’s 0.3%...
Warren Buffett resigns from Gates Foundation
NEW YORK — Warren Buffett resigned Wednesday as trustee of the Bill and Melinda Gates Foundation, which says it will announce plans in July to answer questions raised about its leadership structure as it deals with the divorce of its two founders. The announcement from Buffett comes weeks after Bill...
As passengers return to air travel, bad behavior skyrockets
Air travel can be difficult in the best of times, with cramped planes, screaming babies, flight delays and short tempers. Throw in a pandemic, and the anxiety level can rise quickly. That has led to confrontations with flight attendants and other unruly behavior, including occasional fights that get captured and...
Wall Street rises, pushing S&P 500 back near record high
Stocks rose Tuesday on Wall Street, nudging the S&P 500 toward its record high, as the head of the Federal Reserve said again that inflation looks to be only a temporary problem for the economy and markets. The S&P 500 climbed 21.65, or 0.5%, to 4,246.44 after Fed Chair Jerome...
John Dorfman: Gentex, Logitech show high profit, low debt
Your neighbor is playing stock-market roulette by buying the stocks he hears about on Reddit’s “Wall Street Bets” forum. You know he may double his money – or lose half of it – in a matter of days. But perhaps frenzied speculation isn’t your style. Is there a sounder way?...
Wall Street snaps back following worst week since February
NEW YORK — Stocks rebounded Monday on Wall Street, clawing back most of their sharp loss from last week, as the initial jolt passes from the Federal Reserve’s reminder that it will eventually offer less help for markets. The S&P 500 snapped 58.34 points higher, or 1.4%, to 4,224.79 and...
American Airlines flight cancellations set to continue Monday
The series of flight cancellations from American Airlines this weekend will continue to plague travelers on Monday. Almost 100 flights from the airline have already been canceled for June 21, according to a representative from American Airlines Group Inc. That’s following 123 flights canceled on Saturday and at least 178...
Hit by a ransomware attack? Your payment may be deductible
As ransomware attacks surge, the FBI is doubling down on its guidance to affected businesses: Don’t pay the cybercriminals. But the U.S. government also offers a little-noticed incentive for those who do pay: The ransoms may be tax deductible. The IRS offers no formal guidance on ransomware payments, but multiple...
Appeals court upholds FCC subsidy ban for Huawei purchases
NEW ORLEANS — A federal appeals court refused Friday to hear Chinese tech giant Huawei’s request to throw out a rule used to bar rural phone carriers on national security grounds from using government funds to purchase its equipment. The 5th Circuit Court of Appeals ruled that the Federal Communications...
Tight U.S. housing market uncoils with sellers ready to cash out
Prospective home sellers who sat tight as U.S. prices climbed higher and faster than ever during the pandemic are finally emerging to cash out, a step toward easing a dire shortage in the frenzied housing market. The number of U.S. homes for sale climbed 6.7% in early June from the...
U.S. stocks lower after Fed official sees rate hikes in 2022
Stocks were broadly lower Friday after a Federal Reserve official said that the nation’s central bank might need to raise interest rates as early as next year, sooner than the Fed’s latest estimate of possible rate increases in 2023. The S&P 500 index fell 0.9% as of 9:50 a.m. Eastern....
Most stocks fall, tech holds up as markets digest Fed moves
NEW YORK — The S&P 500 ended Thursday barely changed after stocks sloshed around in mixed trading, as investors make preparations for a future where the Federal Reserve is no longer doing everything it can to keep interest rates super low. Markets around the world were mixed but mostly calm...
Fayette undersea warfare systems company will expand in North Union, add 36 new jobs
A Fayette County manufacturer of undersea warfare systems will add more than 30,000 square feet to its North Union facility and add nearly 40 jobs, state officials announced Thursday. Advanced Acoustic Concepts, which provides undersea warfare, or USW, solutions for USW systems, sensors, weapons and trainers including the U.S. Navy,...
Report: Pennsylvania casino revenues top $413 million in May
Pennsylvania casinos saw a more than $9 million revenue increase in May compared to the previous month, recently released figures show. Combined gambling revenues last month exceeded $413 million compared to $404 million reported in April, according to data from the Pennsylvania Gaming Control Board. A comparison was not provided...
U.S. jobless claims tick up to 412,000 from a pandemic low
WASHINGTON — The number of Americans applying for unemployment benefits rose last week for the first time since April despite widespread evidence that the economy and the job market are rebounding steadily from the pandemic recession. The Labor Department said Thursday that jobless claims rose 37,000 from the week before...
Fed sees faster time frame for rate hikes as inflation risesVideo
WASHINGTON — The Federal Reserve signaled Wednesday that it may act sooner than previously planned to start dialing back the low-interest rate policies that have helped fuel a swift rebound from the pandemic recession but have also coincided with rising inflation. The Fed’s policymakers forecast that they would raise their...
