Business category, Page 290
Lunar New Year allows U.S. companies to find prosperity too
As Asian-Americans across the U.S. mark the Lunar New Year on Tuesday, they can celebrate by eating Mickey Mouse-shaped tofu, sporting a pair of Year of the Pig-inspired Nike shoes and by snacking on pricey cupcakes. The delicacies and traditions that once made a generation of Asian-Americans feel foreign are...
John Dorfman: 4 stocks that flaunt both value, momentum
In a stock market where momentum reigns, what’s a bargain hunter to do? One answer is to look for stocks that possess both value and momentum. Today, I offer four such stocks for your consideration. Applied Materials Let’s start with Applied Materials Inc. (AMAT), up 20 percent this year through...
Charlotte Russe plans to close 94 stores, 4 in Pa.
The year 2018 was not a stellar year for some retailers. It looks as if 2019 is not getting any more traction. Charlotte Russe filed for Chapter 11 bankruptcy and plans to close 94 stores, the company announced Monday. The chain plans to completely liquidate if it can’t find a...
Kennametal net income, earnings up in quarter ending Dec. 31
Kennametal Inc. of Pittsburgh saw its net income increase about 33 percent for the quarter ending Dec. 31 compared with a year earlier. Earnings per share jumped by 15 cents, to 66 cents, compared with the same period in 2017, the industrial toolmaker said this week. Kennametal, with headquarters in...
FX chief says Netflix exaggerates viewership numbers
PASADENA, Calif. — Someone is standing up to television’s Goliath, with a prominent competitor saying Monday that Netflix is deceiving the public about what is a hit and what isn’t. John Landgraf, the FX Networks chief executive who has frequently pointed out the glut of scripted TV, said Netflix is...
Altoona-based Sheetz marks opening of 100th North Carolina store
Altoona-based Sheetz is celebrating the opening of its 100th store in North Carolina. The store in High Point, N.C. opened on Jan. 31. At a grand opening event, the company gave $2,500 to Special Olympics North Carolina and the same amount to Second Harvest Food Bank of Northwest Carolina. “Sheetz...
Messaging platform provider Slack says it’s filed to go public
Slack Technologies Inc. said it has filed confidentially with regulators to list the company’s shares in the United States. The messaging platform company didn’t provide details of its plans in a statement Monday. Slack plans to forgo a traditional initial public offering and instead intends to sell its shares to...
Bud Light touches nerve with corn syrup Super Bowl ads
NEW YORK — Bud Light attacked rival brands in its Super Bowl ads, but it was the corn industry that felt stung. The spots trolled rival brands that use corn syrup. One showed a medieval caravan schlepping a huge barrel of corn syrup to castles owned by Miller and Coors....
Gannett turns down $1.36B buyout offer
MCLEAN, Va. — The publisher of USA Today and other newspapers is rejecting a $1.36 billion buyout from a hedge-fund backed media group with a history of taking over newspapers and slashing jobs. MNG Enterprises, better known as Digital First Media, made its unsolicited bid of $12 per share last...
GM plant closings will hit parts suppliers far and wide
TOLEDO, Ohio — The sting from a major restructuring at General Motors and its planned closings of five North American factories in the coming months is putting thousands of jobs at auto parts suppliers at stake, as well. While GM expects nearly all its U.S. blue-collar workers whose jobs are...
Relatives of woman killed in Uber crash file $10M claim
TEMPE, Ariz. — Two relatives of a woman killed when she was struck by an autonomous Uber vehicle have filed a $10 million claim against the Phoenix suburb where the incident occurred in March. The Arizona Republic reports the previously undisclosed claim filed last fall against Tempe seeks $5 million...
Iowa town relies on one-page Hotsheet to deliver local news
LE MARS, Iowa — It’s a common sight in most every public setting anymore. Look around and you’ll see people with their heads bent over their smartphones, fingers swiping at the screens and thumbs punching out messages. It shouldn’t be a revelation to anyone that information nowadays is just a...
A deluge of drones fly over Super Bowl stadium, despite ban
ATLANTA — The sky above the stadium that will host Sunday’s Super Bowl is being “inundated” with an alarming number of drones, raising the specter of injuries to tourists or others — or a possible collision with aircraft, the FBI said Friday. That’s despite an ongoing restriction that bans the...
Stocks eke out gains after a bumpy day
NEW YORK — Stocks held on to tiny gains at the end of an up-and-down day of trading on Wall Street. Major indexes were higher for much of the morning as investors applauded the latest burst of hiring by U.S. employers. The enthusiasm was tempered, however, by a disappointing revenue...
U.S. employers add robust 304K jobs; joblessness up to 4%
WASHINGTON — U.S. employers shrugged off last month’s partial government shutdown and engaged in a burst of hiring in January, adding 304,000 jobs, the most in nearly a year. The healthy gain the government reported Friday illustrated the job market’s durability nearly a decade into the economic expansion. The U.S....
When marketing flops: 5 Super Bowl ads that backfired
Advertisers that spend millions of dollars on the Super Bowl are trying to avoid what the Ram truck company did with a Martin Luther King speech or what Groupon did spoofing promos for charities. Though such messages can get attention, it’s the wrong kind of attention. Groupon got buzz all...
U.S. average mortgage rates edge up; 30-year at 4.46 percent
WASHINGTON — U.S. long-term mortgage rates edged up after declining in recent weeks. Mortgage buyer Freddie Mac said Thursday that the average rate on the benchmark 30-year, fixed-rate mortgage rose to 4.46 percent, from 4.45 percent last week. Despite the recent declines, home borrowing rates are above last year’s levels....
As Wall Street spasmed with fear, 401(k) savers held steady
NEW YORK— While professional traders on Wall Street scrambled to sell stocks amid a fear-fueled, nearly 20 percent drop for the S&P 500 late last year, most people at home remained relatively calm when it came to their own retirement savings. So say numbers from Fidelity Investments, which show that...
Fed keeps key rate unchanged and pledges to be ‘patient’
WASHINGTON — The Federal Reserve is keeping its key interest rate unchanged and signaling it could leave rates alone in the coming months given economic pressures and mild inflation. The Fed also says it’s prepared to slow the reduction of its bond holdings if needed to support the economy. The...
Apple busts Facebook for distributing data-sucking app
NEW YORK — Apple says Facebook can no longer distribute an app that paid users, including teenagers, to extensively track their phone and web use. The tech blog TechCrunch reports that Facebook paid about $20 a month. While Facebook says this was done with permission, the company has a history...
Where’s my robot lawn mower? Roomba-maker now has an answer
BEDFORD, Mass. — Robot vacuums have now been around long enough that you might watch one bump around a living room and think, why isn’t there a robot that could mow my lawn? Turns out, it’s not for lack of trying. For more than a decade, iRobot, the company behind...
Trump Organization to use E-Verify for worker status checks
NEW YORK — The Trump Organization, responding to claims that some of its workers were in the United States illegally, said Wednesday that it will use the E-Verify electronic system at all of its properties to check employees’ documentation. A lawyer for a dozen immigrant workers at the Trump National...
After bankruptcy, PG&E headed back to court over wildfires
SAN FRANCISCO — Pacific Gas & Electric Co. will be back in a U.S. courtroom a day after declaring bankruptcy, as it tries to convince a judge not to order dramatic steps to try to prevent its equipment from causing more wildfires. U.S. Judge William Alsup is scheduled to hear...
What industry has seen pay fall below average in the most states? Public schools.
In a search for jobs which once paid well, but have fallen below average in most states, we considered hundreds of industries. Public schools stood out. In the early 1990s, when today’s veteran educators were starting out, public-school teachers and support staff pulled in above-average paychecks in 26 of the...
China says U.S. charges against Huawei and its executive are ‘immoral’
BEIJING — The Chinese government Tuesday condemned U.S. indictments against the Chinese tech giant Huawei as “deep political motivations and manipulations,” as relations between the world’s two largest economies hardened on the eve of crucial trade talks. U.S. officials Monday announced indictments filed in New York accusing Huawei Chief Financial...
