Business category, Page 46
Clubhouse restaurant in Richland getting new owner and new name
The Clubhouse, the beloved longtime restaurant and sports bar in Richland, soon will be under new ownership. While his status as sole owner is new, Mark Baranowski is not new to the Clubhouse. He and Greg Maggio founded the Clubhouse in 1995 after the two had previously established the North...
Thousands of Costco workers prepare to strike with midnight contract deadline looming
Thousands of Costco workers prepared to strike with a midnight deadline drawing closer Friday while the worker’s union and the company negotiated. The Teamsters union represents 18,000 Costco workers in six states: California, Washington, Maryland, Virginia, New Jersey and New York. It’s unclear if the strikes would close stores. Costco...
U.S. inflation ticked higher last month, in latest sign of persistent price pressures
WASHINGTON — An inflation gauge closely watched by the Federal Reserve rose slightly last month, the latest sign that some consumer prices remain stubbornly elevated, even as inflation is cooling in fits and starts. Friday’s report from the Commerce Department showed that consumer prices rose 2.6% in December from a...
From avocados to autos, Trump tariffs on Canada and Mexico could hit close to home
WASHINGTON — The 25% tax that President Donald Trump plans to slap on imports from Canada and Mexico as soon as Saturday could drive up the price of everything from gasoline and pickup trucks to Super Bowl party guacamole dip. The tariffs would also invite retaliation. Doug Ford, the premier...
White House says Trump tariffs on Canada, Mexico and China will come Saturday. No word on exemptions
WASHINGTON — President Donald Trump will put in place 25% tariffs on imports from Canada and Mexico and 10% tariffs on goods from China effective on Saturday, the White House said, but it provided no word on whether there would be any exemptions to the measures that could result in...
Civil rights activists call for a Target boycott after retailer backs away from diversity programs
MINNEAPOLIS — Civil rights activists gathered outside the headquarters of Target Corp. on Thursday to call for a national boycott of the retailing giant over its decision to phase out its diversity, equity and inclusion initiatives. Target announced last Friday that it would join competitor Walmart and a number of...
Justice Department sues to block $14 billion Juniper buyout by Hewlett Packard Enterprise
The Justice Department sued to block Hewlett Packard Enterprise’s $14 billion acquisition of rival Juniper Networks on Thursday, the first attempt to stop a merger by a new Trump administration that is expected to take a softer approach to mergers. The Justice complaint alleges that Hewlett Packer Enterprise, under increased...
U.S. economy grows solid 2.3% from October to December, 2.8% for full year 2024
WASHINGTON — The American economy ended 2024 on a solid note with consumer spending continuing to drive growth. The Commerce Department reported Thursday that gross domestic product — the economy’s output of goods and services — expanded at a 2.3% annual rate from October through December. For the full year,...
9 additions coming to Ross Park Mall in 2025
Seven new stores, a restaurant and a bank-cafe are set to open this year at Ross Park Mall, some of which are new to the region, according to Simon Property Group, the mall’s owner. Upstairs, there will be a Capital One Café, which will offer customers “a full range of...
Things to know about the Trump administration order on car and pickup fuel economy
DETROIT — Hours after being sworn in as the new U.S. Secretary of Transportation, Sean Duffy took aim at the main way the federal government regulates miles per gallon for cars and pickup trucks — also a principal way that it regulates air pollution and addresses climate change. Duffy ordered...
Tax season has begun. Here’s when you’ll get your refund
NEW YORK — Tax season is underway, and the IRS expects 140 million people will file returns by April 15. The agency has also debuted a new online tool to help taxpayers check the status of any refund they may be entitled to. President Donald Trump this week offered all...
DeepSeek has rattled the AI industry. Here’s a quick look at other Chinese AI models
HONG KONG — The Chinese artificial intelligence firm DeepSeek has rattled markets with claims that its latest AI model, R1, performs on a par with those of OpenAI, despite using less advanced computer chips and consuming less energy. DeepSeek’s emergence has raised concerns that China may have overtaken the U.S....
Frontier makes a second bid for Spirit with budget airlines struggling
NEW YORK — No-frills, budget airlines often lead the industry in customer complaints, according to government data, so if one were to disappear would it be missed by travelers? That is a question U.S. regulators will be asking after Frontier Airlines said Wednesday that it wanted to buy Spirit Airlines,...
John Dorfman: 6 cheap stocks with great 5-year returns
For years, my mentor, David Dreman, invested in Westinghouse Electric Co. The stock was cheap, often selling for about nine times the company’s per-share earnings. The stock price marched up nicely, yet the stock stayed cheap, because earnings were rising as fast as the stock price. That’s a value investor’s...
Allegheny Township Big Lots appears to be in jeopardy as partial liquidation unfolds
The future of Big Lots’ footprint in Western Pennsylvania remains unclear, but it’s not looking good for the Allegheny Township location. Its lease was recently available for transfer, which is a sign it could close as part of the struggling bargain retailer’s acquisition by a Boston-based asset liquidation firm. Locations...
U.S. consumer confidence dips again to start the year, according to business group
WASHINGTON — U.S. consumer confidence dipped for the second consecutive month in January, a business research group said Tuesday. The Conference Board reported that its consumer confidence index retreated this month to 104.1, from 109.5 in December. That is worse than the economist projections for a reading of 105.8. December’s...
Coca-Cola issues safety recall of soft drinks in Europe over chemical chlorate concerns
BRUSSELS — Coca-Cola has recalled some of its soft drinks in Europe after higher-than-normal levels of a chemical called chlorate were detected in bottles and cans at a production plant in Belgium. Batches of Coca Cola, Fanta, Sprite, Minute Maid and Fuze Tea were among the products recalled in Belgium,...
Egg prices are soaring. Don’t expect that to change anytime soon
OMAHA, Neb. — Bird flu is forcing farmers to slaughter millions of chickens a month, pushing U.S. egg prices to more than double their cost in the summer of 2023. And it appears there may be no relief in sight, given the surge in demand as Easter approaches. The average...
Trump says Microsoft is one of the companies eyeing TikTok
President Donald Trump said Monday evening that Microsoft is among the U.S. companies looking to take control of TikTok to help the popular app avert an effective ban that could kick-in in April. “I would say yes,” Trump told reporters when asked if Microsoft was one of the companies interested...
Boeing posts $3.8 billion Q4 loss and has lost over $35 billion since fatal crashes in 2019
WASHINGTON — Boeing posted a fourth-quarter loss of $3.8 billion on Tuesday as a machinists strike and other problems continued to plague the troubled aircraft manufacturer. Boeing has lost more than $35 billion since 2019 following the crashes of two then-new Max jets that killed 346 people. For the full...
Coffee lovers likely to pay more in wake of jump in bean prices
The cost of a cup of joe is on the rise at coffee shops. If the price of her $3.25 cup of Americano coffee goes up too much, Piper Anke of Derry is among those who say they would consider drinking less. Anke, 18, is a student at Seton Hill...
What is DeepSeek, the Chinese AI company upending the stock market?Video
A frenzy over an artificial intelligence chatbot made by Chinese tech startup DeepSeek was upending stock markets Monday and fueling debates over the economic and geopolitical competition between the U.S. and China in developing AI technology. DeepSeek’s AI assistant became the No. 1 downloaded free app on Apple’s iPhone store...
New player arrives in U.S. Steel-Nippon takeover saga with the goal of quashing it
An asset manager based in Cleveland is seeking to quash a Japanese takeover of U.S. Steel and oust its leadership after buying a minor stake in the company. The activist shareholder, Ancora, recently acquired less than a quarter-percent stake in the company. It said in an open letter Monday the...
Fed hold rates steady, sees inflation as ‘elevated,’ as Powell declines comment on TrumpVideo
WASHINGTON — The Federal Reserve left its benchmark interest rate unchanged Wednesday after cutting it three times in a row last year, a sign of a more cautious approach as the Fed seeks to gauge where inflation is headed and what policies President Donald Trump may pursue. In a statement,...
Arnold Palmer Regional Airport bleeds cash as leaders pin hopes for brighter future on terminal project
Westmoreland County directs $2.6 million annually to support Arnold Palmer Regional Airport near Latrobe, but a drop in commercial flights over the past five years has left the facility “bleeding” money. Today, the once-thriving airport loses money every month it operates. As the new year gets underway, the county airport...
