Business category, Page 283
Facebook to help French police identify hate speech suspects
PARIS — Facebook is agreeing to help French police identify hate speech suspects, in what the French government is celebrating as a global first. France’s digital affairs minister, Cedric O, said that Facebook will provide authorities “IP addresses to help identify authors of hateful content.” Speaking on broadcaster France-Info, he...
Federal Reserve Chairman Jerome Powell: Economy facing growing uncertainties
WASHINGTON — Federal Reserve Chairman Jerome Powell said Tuesday the economic outlook has become cloudier since early May, with rising uncertainties over trade and global growth causing the central bank to reassess its next move on interest rates. Speaking to the Council on Foreign Relations in New York, Powell said...
Apple says it plans to turn Seattle into ‘key engineering hub’ with 2,000 new workers
SEATTLE — Apple plans to add 2,000 software and hardware jobs in Seattle within the next five years, starting with 200 additional jobs this year, company officials said Monday at a news conference with Mayor Jenny Durkan. “If you look at where they’ve grown elsewhere in the country, their growth...
Most American-made cars sold in U.S. are Japanese
While President Donald Trump has been pressing for tariffs on foreign-made cars and parts, it turns out the most American-made cars sold in the United States today are usually Japanese. The annual “American-Made Index” compiled by Cars.com found nine of the 15 most U.S.-sourced vehicles are manufactured by Honda and...
U.S. consumer confidence hits lowest level in 21 months
WASHINGTON — American consumers are feeling less confident this month as heightened trade tensions take a toll. The Conference Board, a business research group, says its consumer confidence index fell to 121.5 in June from a revised 131.3 in June after rising in April and May. The June reading was...
Just Ducky Tours won’t open in Pittsburgh for 2019 season
There will be no duck boat tours in Pittsburgh this year. Just Ducky Tours, which operates eight amphibious vehicles out of Pittsburgh’s Station Square, will not be opening for the 2019 season, according to a statement posted on its website. “We are very sad to say that Just Ducky Tours...
Financial analyst: New Kraft Heinz CEO faces ‘monumental challenge’
A financial securities analyst says the Kraft Heinz Company may be running out of cash, and its new CEO has a “monumental challenge” on his hands. Guggenheim Securities analyst Laurent Grandet told Yahoo! News that Miguel Patricio, who will take the company’s CEO reins on July 1, will need to...
Walgreens to provide drug disposal packets free to customers
Walgreens is making it easier for customers to dispose of unused drugs safely. The drugstore chain said Monday that it will offer at several thousand stores packets that customers can use to turn medications into a useless gel before throwing them away at home. The DisposeRx packets will be available...
Slurpees incoming! 7-Eleven begins delivery in public spaces
NEW YORK — Craving a Slurpee from 7-Eleven but you’re stuck in the park? Not to worry: The convenience-store chain is launching a service that lets customers order everything from its famed frozen drink to a battery charger and have it delivered to a public place like a park or...
Steelmakers are next in the crosshairs as climate pressure grows
Flames leap from cauldrons brimming with molten iron as they’re tipped into giant vats at one of Europe’s largest steel mills. Heated to over 1,800 degrees in furnaces fired by coal, the liquid metal sloshing at Thyssenkrupp’s facility in Duisburg, Germany, will eventually wind up in automobiles, wind turbines and...
Toys ‘R’ Us, back from the dead, will open U.S. stores in 2019
Maybe American kids will only have to live through one Christmas without Toys “R” Us. About a year after shuttering U.S. operations, the remnant of the defunct toy chain is set to return this holiday season by opening about a half dozen U.S. stores and an e-commerce site, according to...
Restaurants could be 1st to get genetically modified salmon
NEW YORK — Inside an Indiana aquafarming complex, thousands of salmon eggs genetically modified to grow faster than normal are hatching into tiny fish. After growing to roughly 10 pounds (4.5 kilograms) in indoor tanks, they could be served in restaurants by late next year. The salmon produced by AquaBounty...
State aid, local funding helps Straub expand tap room, visitor center at brewery
Gone are the days of the old Eternal Tap at the family-owned Straub Brewery in St. Marys, where one might stand and take a taste of the hand-crafted beers at the end of a tour of the facility because the place lacked amenities such as tables and chairs. That’s all...
Nord-Lock Group expanding, building new headquarters in Findlay Township
A bolt manufacturing company based in Carnegie Borough plans to expand its operations in Allegheny County, Gov. Tom Wolf said. Nord-Lock Inc. and its wholly-owned subsidiary, Superbolt Inc., will build a new North American headquarters in Findlay Township that will house its manufacturing operations. The 125,000-square-foot building will sustain 37...
MediaNews plans to cut 81 jobs at Reading Eagle
The new owners of the Reading Eagle plan to lay off more than a third of the staff after they assume control of the 150-year-old newspaper and the company’s other assets later this month. MediaNews Group stepped forward to buy the Reading Eagle Co. for $5 million after the family-owned...
Fed leaves its key rate unchanged but hints of future cuts
WASHINGTON — The Federal Reserve left its key interest rate unchanged Wednesday but signaled that it’s prepared to start cutting rates if needed to protect the U.S. economy from trade conflicts and other threats. The Fed kept its benchmark rate — which influences many consumer and business loans — in...
American Airlines deal boosts Airbus’s new long-range jet
PARIS — American Airlines is buying 50 new long-range planes from Airbus, giving a big boost to the just-launched A321XLR model and spurring Boeing to push ahead to develop a rival aircraft. Airbus and the American Airlines — the world’s largest carrier — announced the deal Wednesday at the Paris...
GM seeks to avoid Takata recalls for fourth straight year
DETROIT — General Motors is trying to avoid recalling potentially deadly Takata air bag inflators in thousands of full-size pickup trucks and SUVs for the fourth straight year, leaving owners to wonder if vehicles are safe to drive. The automaker petitioned the National Highway Traffic Safety Administration to exempt it...
Facebook plans its own currency for 2 billion-plus users
SAN FRANCISCO — Facebook already rules daily communication for more than two billion people around the world. Now it wants its own currency, too. The social network unveiled an ambitious plan Tuesday to create a new digital currency similar to Bitcoin for global use, one that could drive more e-commerce...
Kellogg cutting 150 jobs as part of Keebler sale
BATTLE CREEK, Mich. — Kellogg Co. is cutting 150 salaried jobs across North America as part of the previously announced sale of its cookie and fruit snack businesses. The Battle Creek-based company said Tuesday the action will result in pretax charges of approximately $35 million, including $20 million in severance...
Boeing lands first 737 Max jet order since deadly crashes
LE BOURGET, France — Boeing is selling its 737 Max planes again. The company announced at the Paris Air Show on Tuesday that International Airlines Group signed a letter of intent for 200 Boeing 737 aircraft. Boeing said it’s the first sale of the jet since the crash of an...
Trump is about to face his biggest test yet on the economy
WASHINGTON — President Trump faces a number of major decisions on trade and the budget in the coming months just as the U.S. economy faces the biggest head winds of his tenure, forcing him to decide whether to recalibrate as recession fears mount for next year. Trump has threatened to...
John Dorfman: Gentex, National Beverage among high-profit, low-debt stocks
How many efficient-market theorists does it take to screw in a light bulb? Punchline: None, because if the light bulb needed to be changed it would already have been done. The efficient market theory states that — since stock investors instantly incorporate all known information into stock prices — your...
Elon Musk claims he’s deleting his Twitter account
PALO ALTO, Calif. — Elon Musk says he’s deleting his Twitter account 10 months after his use of the social media site landed him in trouble with U.S. regulators. The Tesla CEO changed his Twitter display name to Daddy DotCom on Father’s Day. Daddy.com is an existing website that provides...
Boeing says ‘sorry’ for Max crashes, seeking renewed trust
LE BOURGET, France — Boeing executives apologized Monday to airlines and families of victims of 737 Max crashes in Indonesia and Ethiopia, as the U.S. plane maker struggles to regain trust of regulators, pilots and the global traveling public. Kevin McAllister, CEO of Boeing’s commercial aircraft, told reporters at the...
