Business category, Page 47
2050 look-ahead: Developments in Pittsburgh driven by tech hubs, housing demands
Editor’s note: One-fourth of the way through this century, TribLive is looking ahead to the next 25 years, using the events of the past 25 as a roadmap of what possibly is to come. This installment of the occasional series looks at Pittsburgh. Where mills once sat along the Monongahela...
Fast food is a staple of American culture, but some of its workers struggle to survive
FRESNO, Texas — The only moment TiAnna Yeldell has to herself is when she’s sleeping, and that doesn’t happen much. The 44-year-old single mom of three works 80-hour weeks to provide for her children, ages 8, 14, and 18. During the day, she is a driver for Pizza Hut, where...
Target ending its DEI goals as workplace inclusion gets strong opponent in the White House
NEW YORK — Target said Friday that it would join rival Walmart and a number of other prominent American brands in scaling back diversity, equity and inclusion initiatives that have come under attack from conservative activists and, as of this week, the White House. The Minneapolis-based retailer said the changes...
U.S. home sales in 2024 fell to the lowest level in nearly years as prices, mortgages soar
LOS ANGELES — Sales of previously occupied U.S. homes fell in 2024 to a nearly 30-year low for the second time in as many years as elevated mortgage rates, rising home prices and few properties on the market freeze prospective homebuyers out of the market. The National Association of Realtors...
Franchising equal parts rewarding, rigorous for new owners of McDonald’s stores in Penn Hills
Eugenia and Michael Cassidy took over the two McDonald’s stores in Penn Hills last year, and, so far, they’re “lovin’ ” it. But there’s more to getting in on one of the world’s most recognizable brands than just pooling together at least $500,000 in nonborrowed funds, the minimum for prospective...
Iron Horse Bridge rehab seen as ‘linchpin’ in effort to expand trails — and Connellsville’s economy
The Great Allegheny Passage bike trail between Pittsburgh and Cumberland, Md., has been a boon for communities that sit along it — and business owners hope a nearly $4 million study will provide a blueprint for boosting its impact in the region. A key component of the study will be...
CNN announces layoffs as part of a further shift to digital business
CNN announced a restructuring Thursday that includes some 200 layoffs, an accelerated pivot to digital operations and new TV roles for personalities such as Wolf Blitzer, Jake Tapper and Audie Cornish. It’s the boldest revamp yet in the 18-month tenure of CEO Mark Thompson, a former chief executive at The...
S&P 500 climbs to a record as bond market stays calmVideo
NEW YORK — Stocks rose to a record Thursday as Wall Street regained some of the momentum that catapulted it to 57 all-time highs last year. The S&P 500 rose 0.5% to surpass its all-time high set early last month after coming close the day before. It was the seventh...
Purdue Pharma and owners to pay $7.4 billion in settlement to lawsuits over the toll of OxyContin
Members of the family who own OxyContin maker Purdue Pharma, and the company itself, agreed to pay up to $7.4 billion in a new settlement to lawsuits over the toll of the powerful prescription painkiller, New York Attorney General Letitia James announced Thursday. The deal, agreed to by Purdue Pharma,...
Costco successfully defends its diversity policies as other U.S. companies scale theirs back
NEW YORK — Costco shareholders rejected a proposal urging the wholesale club operator to evaluate any risks posed by its diversity, equity and inclusion practices. According to preliminary results shared by Costco executives at its annual meeting Thursday, more than 98% of shares voted against the proposal. The National Center...
More Americans file for unemployment benefits last week, continuing claims highest in 3 years
Jobless claims applications ticked up modestly last week, but the total number of Americans collecting unemployment benefits rose to their highest level in more than three years. Applications for jobless benefits rose by 6,000 to 223,000 for the week ending January 18, the Labor Department said Thursday. Analysts were expecting...
‘A piece of tattoo history’: Greensburg shop owner earns patent for machine design
Greensburg tattoo shop owner Nick Christofano has inked himself into the industry history books. After 28 years in the business, Christofano received a patent late last year for a tattoo machine he designed. “Tattooing has been such a huge part of my life. I’ve been doing it nearly 30 years,”...
Netflix’s bet on live events helped reel in 19 million more subscribers in holiday-season quarterVideo
SAN FRANCISCO — Netflix added nearly 19 million subscribers during the holiday-season quarter to help propel its earnings beyond analysts’ projections, capping the video streaming service’s best year yet in a sign that its expansion into live programming is paying off. The numbers released Tuesday covered a October-December period highlighted...
Westmoreland-based water authority hikes rates, blames increase on inflation, upgrade needs
Municipal Authority of Westmoreland County customers will be charged an additional 9.5% for water and sewer services starting in April. The authority board approved a $129 million budget that included the second rate hike in the past two years. The latest, officials said, is attributed to costs for energy, construction...
Auberle assisting young people with job placement through YouthBuild program
Auberle in McKeesport will provide youth more opportunities for employment and to build wealth when its YouthBuild program launches in February. The initiative will allow Auberle to serve more than 65 unemployed or underemployed individuals from across Allegheny County from the ages of 16 to 24. Participants will be able...
Starbucks’ policy change flushes out a debate over public restroom access
Starbucks’ decision to restrict its restrooms to paying customers has flushed out a wider problem: a patchwork of restroom policies that has left Americans confused and divided over who gets to use the bathroom and when. Rules about restroom access in restaurants vary by state, city and county. New York...
Bird flu outbreak causes egg shortages, price increases in Western Pa.
There’s been a shortage and price increase of eggs available at grocery stores nationwide, and Western Pennsylvania is not immune. Highly pathogenic avian influenza, also known as the bird flu, is the culprit. It’s a virus that Dr. Lee Harrison, an infectious disease physician and professor of medicine and epidemiology...
Trump highlights partnership investing $500 billion in AIVideo
WASHINGTON — President Donald Trump on Tuesday talked up a joint venture investing up to $500 billion for infrastructure tied to artificial intelligence by a new partnership formed by OpenAI, Oracle and SoftBank. The new entity, Stargate, will start building out data centers and the electricity generation needed for the...
Canada relieved Trump doesn’t impose tariffs on the major American trading partner on 1st day
TORONTO — Canadian leaders expressed relief Monday that broad tariffs were not applied to Canadian products on the first day of Donald Trump’s presidency and that he did not mention America’s major trading partner during his inaugural speech. Trump had threatened to impose sweeping tariffs on Canada, Mexico and other...
Trump is holding off on tariffs but betting Day 1 moves can cut energy prices and tame inflation
WASHINGTON — Donald Trump is holding off on tariffs during his first day and placing a big bet that his executive actions can cut energy prices and tame inflation. But it’s unclear whether his orders will be enough to move the U.S. economy as he promised. “The inflation crisis was...
Trump says he ‘most likely’ will grant an extension toward TikTok ban
The clock is ticking toward a U.S. ban on TikTok, but users seeking clarity on what that will mean did not get much Saturday from the company that runs the popular video-sharing platform or the tech giants that offer the TikTok app in their digital marketplaces. However, President-elect Donald Trump...
Former First Energy executives indicted in Ohio bribery scheme
A former CEO and one of his top executives with an Ohio energy company at the center of a $60 million bribery scheme have been indicted on racketeering charges, federal prosecutors announced Friday. The former FirstEnergy Corp. executives — ex-CEO Chuck Jones and Senior Vice President Michael Dowling — were...
U.S. lawsuit accuses Pepsi of price discrimination that favored Walmart over smaller stores
The Federal Trade Commission sued PepsiCo on Friday, alleging that it has engaged in illegal price discrimination by giving unfair price advantages to one big-box retailer at the expense of other vendors and consumers. The benefiting customer wasn’t named in an FTC statement about the lawsuit. But a source familiar...
What other apps can you turn to with TikTok ban just days away?
With a possible TikTok ban just days away, many U.S. users are looking for alternative social media platforms to help them keep up with pop culture or provide the type of entertaining videos that popularized the short-form video app. The Supreme Court on Friday unanimously upheld the federal law banning...
How to prepare for a TikTok ban, including how to save your content
TikTok has cemented itself as a quintessential entertainment app, offering everything from funny skits and makeup tutorials to social commentary and news. Without a sale to an approved buyer, the platform is expected to vanish from U.S. app stores by Sunday now that the Supreme Court unanimously upheld the the...
