Business category, Page 28
Giant Eagle to use GetGo sale funds for store upgrades, CEO says
Giant Eagle will use the $1.6 billion sale of GetGo to remodel grocery stores, add new ones, reduce prices and grow its pharmacy presence. The grocer’s CEO, Bill Artman, detailed Giant Eagle’s plans to TribLive on Monday, just hours after the company announced it officially sold about 270 GetGo convenience...
Property’s future scrutinized as Pittsburgh Mills mall is up for sale
News that the Pittsburgh Mills mall in Frazer could be for sale was met with reactions ranging from resignation to optimism, but all with a common question: What’s next for the Mills? The news comes in the midst of legal woes, including hundreds of township-issued citations, criminal charges and a...
Bicycle sales hang on despite post-covid sales decline
At the height of the covid-19 pandemic, Chris MacTaggart and his friends had no problem following federal guidelines for outdoor recreation. In May 2020, he and two other cyclists started riding around Pittsburgh to get coffee once or twice a week. It was typical of covid-era social distancing in many...
‘We’d love to have you here’: Pa. chamber courts NYC employers after Mamdani’s win
Progressive Zohran Mamdani’s upset win in New York City’s Democratic mayoral primary has caused a stir among some in the city’s business establishment. It’s also spurred the leader of a Pennsylvania business group to try to take a bite of the Big Apple’s outsize share of the global economy and...
Key inflation gauge rose last month while Americans cut back on spending
WASHINGTON — A key inflation gauge moved higher in May in the latest sign that prices remain stubbornly elevated while Americans also cut back on their spending last month. Prices rose 2.3% in May compared with a year ago, up from just 2.1% in April, the Commerce Department said Friday....
Trump says U.S. has signed a deal with China on trade; no details yet
BANGKOK — The U.S. and China have signed an agreement on trade, President Donald Trump said, adding he expects to soon have a deal with India. Commerce Secretary Howard Lutnick told Bloomberg TV that the deal was signed earlier this week. Neither Lutnick nor Trump provided any details about the...
GetGo’s sale to Canadian company gets Federal Trade Commission approval
Giant Eagle’s sale of its GetGo gas stations and convenience stores looks like it’s a go. The Federal Trade Commission on Thursday gave the green light to Canadian-based Alimentation Couche-Tard to proceed with its acquisition of GetGo. The transaction is expected to close within the upcoming days, according to a...
David Burritt, fresh off $108 million payday, stays as head of U.S. Steel
U.S. Steel’s senior leadership under Nippon Steel is taking shape — and it looks a lot like it did before the buyout. The Japanese firm has elected to retain U.S. Steel president and CEO David Burritt as well many of the executives around him, according to filings with the Securities...
U.S. economy shrank 0.5% between January and March, worse than 2 earlier estimates had revealed
WASHINGTON — The U.S. economy shrank at a 0.5% annual pace from January through March as President Donald Trump’s trade wars disrupted business, the Commerce Department reported Thursday in an unexpected deterioration of earlier estimates. First-quarter growth was weighed down by a surge of imports as U.S. companies, and households,...
Fewer Americans sought unemployment benefits last week as layoffs remain low
WASHINGTON — The number of Americans applying for unemployment benefits fell last week, the Labor Department said Thursday, a sign that companies aren’t cutting many jobs. Jobless claims dropped 10,000 to 236,000, a historically-low level. The four-week average of claims, which smooths out weekly volatility, dipped 750 to 245,000. Applications...
Podcast: Why are younger people behind on financial literacy?
“Are you saving for retirement?” It’s a question that gets a range of answers, especially across age groups. Some think it’s too early to start; others believe it’s never too soon. Among millennials and Generation Z, one trend stands out: a significant gap in financial literacy. Many young Americans lack...
Trump gets ‘golden share’ power in U.S. Steel buyout. U.S. agencies will get it under future presidents
HARRISBURG — President Donald Trump will control the so-called “golden share” that’s part of the national security agreement under which he allowed Japan-based Nippon Steel to buy out iconic American steelmaker U.S. Steel, according to disclosures with the U.S. Securities and Exchange Commission. The provision gives the president the power...
Fed’s Powell repeats warning about tariffs as some GOP senators accuse him of bias
WASHINGTON — Federal Reserve Chair Jerome Powell said Wednesday that President Donald Trump’s sweeping tariffs will likely push up inflation in the coming months, even as some Republican senators suggested the chair was biased against the duties. On the second day of his twice-yearly testimony before the House and Senate,...
Giant Eagle buys prescription files from another 15 Rite Aid stores, completing buying spree
Giant Eagle has purchased prescription files from another 15 Rite Aid stores as part of a fourth and final wave of transfers from the bankrupt pharmacy chain to the Cranberry-based grocer. Altogether, Giant Eagle has bought files from 83 Rite Aid stores across Pennsylvania and Ohio since late May. The...
1.7 million window AC units recalled nationwide
With extreme heat plaguing Western Pennsylvania, window air conditioners are working overtime across the region. But residents should double check their model. Midea recently recalled about 1.7 million U and U+ window air conditioners nationwide for risk of mold exposure, according to the U.S. Consumer Product Safety Commission. Included in...
Environmental groups demand Nippon Steel work to cut emissions after buying U.S. Steel
With U.S. Steel’s $14.9 billion sale to Nippon Steel made official last week, environmental advocates say it’s time for corporate leadership to take make real strides toward limiting pollution. “U.S. Steel has gotten everything that it wished for in this deal with Nippon,” said Matt Mehalik, executive director of the...
No more McDoughnuts: McDonald’s and Krispy Kreme end partnership
There will soon be a doughnut-sized hole in McDonald’s U.S. menu. McDonald’s and Krispy Kreme said Tuesday that they’re ending their partnership on July 2, a little more than a year after it was announced. Krispy Kreme said demand for its doughnuts at McDonald’s wasn’t strong enough to recoup its...
At Home store in Pleasant Hills to close amid company bankruptcy
One of the Pittsburgh region’s four At Home stores is set to close amid the company’s bankruptcy, according to court filings. The Pleasant Hills store on Clairton Boulevard is one of 26 stores initially closing, the company said. No one answered the phone Tuesday, and a message seeking comment went...
Truckers fear job loss as new English language rules take effect
LINDEN, New Jersey — At a trucking school in New Jersey, students are maneuvering 18-wheelers around traffic cones. Other future drivers look under hoods to perform safety checks, narrating as they examine steering hoses for cracks and leaks. An instructor glides between speaking Spanish and English as he teaches Manuel...
Oil prices drop sharply, and Wall Street nears its record as stocks rally worldwide
NEW YORK — Oil prices are dropping further, and U.S. stocks are pulling closer to their all-time high Tuesday on hopes that Israel’s war with Iran will not damage the global flow of crude, even if a tentative truce seemed to fray under fire in the morning. The S&P 500...
If Energy Star goes away, finding energy efficient appliances will be harder. Here are some tips:
TWINSBURG, Ohio — When Judy Sautner recently walked into Power Appliance, a store in a southeastern suburb of Cleveland, she had one goal in mind: replace her daughter’s broken dryer with something that worked and didn’t break the bank. “I wasn’t really worried about all the bells and whistles,” said...
Giant Eagle workers to see 3% to 5% raises under new union contract
More than 5,000 unionized Giant Eagle employees will see pay raises ranging from 3% to 5% each of the next four years under a new contract. The workers also will continue to have no-cost health benefits, a 401(k) and pension plans, depending on their role with the Cranberry-based company, according...
May home sales barely move as high mortgage rates, prices, weigh on housing market
NEW YORK — Sales of previously occupied U.S. homes edged higher in May, as stubbornly high mortgage rates and rising prices made homebuying less affordable even as the inventory of properties on the market continued to increase. Existing home sales rose 0.8% last month from April to a seasonally adjusted...
Fox Chapel woman trades classroom for career in real estate
Tracy Wiley is wild about real estate. She is the one-woman Realtor behind the brand “Real Estate Gone Wiley,” with social media accounts on Facebook and Instagram that feature Wiley and her advice and tips and tricks for navigating the real estate world in Pittsburgh — with an emphasis on...
Would you hail a ‘robotaxi’? Musk bets cabs will give Tesla a lift after boycotts and sales plunge
NEW YORK — Elon Musk promised in 2019 that driverless Tesla “robotaxis” would be on the road “next year,” but it didn’t happen. A year later, he promised to deliver them the next year, but that didn’t happen either. Despite the empty pledges the promises kept coming. Last year in...
