Business category, Page 268
Survey: Businesses added 156,000 jobs in July
WASHINGTON — U.S. companies added a healthy 156,000 jobs in July with larger firms accounted for much of the gains, a private survey found. Payroll processor ADP said Wednesday that there was solid hiring in the construction, transportation, health care and leisure and hospitality sectors. But smaller companies are struggling...
Fire-free zone in war between growth and value
For more than two decades, I’ve been a value investor. In recent years, that’s been a handicap. Growth investors are running the table. Growth stocks have beaten value stocks in seven of the past 10 years, winning by a large margin in the past two years. The trend continued in...
Capital One hit with massive data breach affecting more than 100 million customers
SEATTLE — A hacker gained access to personal information from more than 100 million Capitol One credit applications, the bank said Monday as federal authorities arrested a suspect in the case. Paige A. Thompson — who also goes by the handle “erratic” — was charged with a single count of...
Pfizer to absorb Washington County-based Mylan, creating generic giant
Pfizer, the country’s largest drugmaker, will absorb the generic pharmaceutical company Mylan, potentially creating a global generic powerhouse. The two companies said Monday that they’ll combine Mylan, a $10 billion company based in Washington County, with Pfizer’s Upjohn, which sells household names from Viagra to cholesterol fighter Lipitor that have...
Black rag dolls meant to be abused are pulled from stores
NEWARK, N.J. — Black rag dolls that came with instructions to “find a wall” and slam the toy against it have been pulled from three stores after customers and a lawmaker said they were offensive. The “Feel Better Doll” featured instructions to “whack” the doll “whenever things don’t go well...
Chevron is allowed to stay in Venezuela until October
WASHINGTON — The Trump administration is allowing Chevron to continue operating in Venezuela at least until October despite U.S. sanctions aimed at ousting President Nicolás Maduro by choking off revenue from the world’s largest crude reserves. Friday’s action gives Chevron until Oct. 25, when the Treasury Department will decide again...
U.S. economy slowed to 2.1% growth rate in 2nd quarter
WASHINGTON — The U.S. economy slowed sharply in the April-June quarter even as consumers stepped up their spending. The gross domestic product, the economy’s total output of goods and services, grew at a 2.1% annual rate last quarter, down from a 3.1% gain in the first quarter, the Commerce Department...
Google crushes second quarter earnings expectations
SAN FRANCISCO — Google parent Alphabet beat analyst expectations for the second quarter Thursday, sending its shares up sharply as it bounced back from a rough first quarter. The company comforted investors with advertising revenue growth that edged out last quarter and assurances that video streaming site YouTube and the...
NYC sues American Airlines over employee sick leave
NEW YORK — New York City’s worker protection department said Thursday that American Airlines is violating the city’s sick leave law by retaliating against workers who use sick days or not letting them use the sick leave they’ve accrued. The Department of Consumer and Worker Protection announced it had sued...
FTC fines Facebook $5B, adds oversight for privacy mishaps
WASHINGTON — Federal regulators have fined Facebook $5 billion for privacy violations and are instituting new oversight and restrictions on its business. But they are only holding CEO Mark Zuckerberg personally responsible in a limited fashion. The fine is the largest the Federal Trade Commission has levied on a tech...
Employers urged to find new ways to address workers’ mental health
In the middle of a work project at a global corporate consulting firm, Katherine Switz was gripped with a debilitating bout of anxiety. Her body froze, her heart raced, her chest tightened, and her mind went blank, which made it nearly impossible for her to concentrate on a computer screen...
Organic Valley rolls out ultrafiltered milk, betting on low sugar, high protein drink
Organic Valley, seeking to respond to demand for nutrient-dense beverages, Monday unveiled the first organic, ultrafiltered milk available nationwide. Ultrafiltered milk boasts 50% more protein and 50% less sugar than regular milk. As people experiment with plant-based alternatives or are restricting traditional milk and cheese for health or dietary reasons,...
Justice Department launches antitrust probe of Big Tech
The Department of Justice has opened a sweeping antitrust investigation of big technology companies and whether their online platforms have hurt competition, suppressed innovation or otherwise harmed consumers. It comes as a growing number of lawmakers have called for stricter regulation or even breaking up of the big tech companies,...
Arkansas latest state to ban ‘veggie burger’ labels
When it comes to labeling of “veggie burgers” and “soy milk,” Arkansas will not be outdone by its neighboring states. The Arkansas Bureau of Standards created a law that takes effect on Wednesday bans the use of “meat” in the labeling of products. "Supporters of [laws in Arkansas, Mississippi, and...
Barr: Encryption creates U.S. security risk
NEW YORK — Attorney General William Barr said Tuesday increased encryption of data on phones and computers and encrypted messaging apps are putting American security at risk. Barr’s comments at a cybersecurity conference mark a continuing effort by the Justice Department to push tech companies to provide law enforcement with...
Stocks rise after Coke, Hasbro, others report solid earnings
NEW YORK — U.S. stocks marched broadly higher in afternoon trading Tuesday on Wall Street as several major companies reported solid second quarter earnings. The steady gains built on Monday’s upward momentum and moved stocks closer to record highs reached just over a week ago. Stocks have been volatile in...
Ford reveals all-electric F-150 that tows over 1 million pounds
It’s electric! And it’s got serious power. In 2017, Ford revealed its plans for an all-electric version of its best-selling F-150 pickup truck. Sure, going green would help the environment, but what good would a pickup be without its power? Well, Ford tried to answer that question in a big...
Biogen, four other stocks show rapid revenue growth
Let’s hear it for the top line. The investing public worships at the bottom line — profits. But for sustained growth in profits, a company needs growth in the top line — revenue. You can’t cost-cut your way to riches indefinitely. Rapid revenue growth indicates public demand for a product...
Wyoming eyes ongoing cuts amid prolonged energy downturn
CASPER, Wyo. — Wyoming lawmakers continue to look at spending cuts amid a prolonged downturn in revenue from the energy industry. Wyoming’s latest hit comes from the closure of two huge coal mines in the Powder River Basin in early July. State Budget Director Don Richards tells lawmakers if the...
Greengate Walmart gets pickup tower for online orders
Picking up online orders from the Greengate Walmart Supercenter just got a little easier. The store, located at 2200 Greengate Center Circle in Hempfield, installed a pickup tower on Friday, allowing customers to pick up online orders near the entrance instead of the back of the store. It is the...
Equifax to pay up to $700M in data breach settlement
WASHINGTON — Equifax will pay up to $700 million to settle with the U.S. and states over a 2017 data breach that exposed Social Security numbers and other private information of nearly 150 million people. The settlement with the U.S. Consumer Financial Protection Bureau and the Federal Trade Commission, as...
Delta to stock in-flight medical kits with Narcan
Delta Air Lines plans to stock its on-board emergency medical kits with Narcan, which can reverse the effects of opioid overdose, starting this fall. The Atlanta-based airline made the decision earlier this year, spokesman Michael Thomas said. Narcan is a brand name of the medication naloxone. The Association of Flight...
Passengers on Southwest flight get Nintendo Switch
DALLAS — Passengers on a Southwest Airlines flight got more than a small bottle of water when they boarded their plane. They received a Nintendo Switch system and a download code for the digital version of the “Super Mario Maker 2” game to enjoy as Flight 2246 traveled from Dallas...
Fast-growing web of doorbell cams raises privacy fears
The woodsy community of Wolcott, Conn., doesn’t see a lot of crime. But when the police chief heard about an opportunity to distribute doorbell cameras to some homes, he didn’t hesitate. The police who keep watch over the town of 16,000 raffled off free cameras in a partnership with the...
Hempfield company offers 25% discount to clients of closing competitor
Hempfield-based e-waste recycler CyberCrunch is offering a 25% discount to clients of Arrow Electronics, which is closing its IT asset disposition business by the end of the year. Centennial, Colo.-based Arrow Electronics announced on Thursday that it was closing its ITAD business, known as Arrow Sustainable Technology Solutions, because of...
