Business category, Page 51
Read Nippon Steel’s statement about Biden’s decision to block sale of U.S. Steel
Nippon Steel Corporation and U. S. Steel Condemn U.S. Government’s Unlawful Decision to Block Proposed Acquisition of U. S. Steel Companies will take all appropriate action to protect their legal rights TOKYO & PITTSBURGH - Nippon Steel Corporation (“Nippon Steel”) and United States Steel Corporation (“U. S. Steel”) today issued...
U.S. fines JetBlue $2M for ‘chronic’ flight delays on several East Coast routes
The Transportation Department said Friday it will hit JetBlue Airways with a $2 million penalty for chronically late flights along the East Coast, and half the money will go to passengers who were delayed. The agency said it’s the first time it has fined an airline for chronic delays on...
Read Biden’s statement about decision to block sale of U.S. Steel
Statement from President Joe Biden As I have said many times, steel production—and the steel workers who produce it—are the backbone of our nation. A strong domestically owned and operated steel industry represents an essential national security priority and is critical for resilient supply chains. That is because steel powers...
U.S. Steel, Nippon say Biden’s decision to block sale was ‘political’
The U.S. Steel Mon Valley Works Clairton plant in Clairton is shown on Feb. 26, 2024. by JACK TROY...
Biden to block Nippon Steel takeover of U.S. Steel
President Joe Biden has decided to block the sale of United States Steel Corp. to Japan’s Nippon Steel Corp., according to three people with knowledge of the matter. The White House announcement of the decision is planned for Friday, some of the people said. The people requested anonymity to discuss...
FCC’s net neutrality rules struck down, in another blow to Biden administration
A federal appeals court on Thursday dealt a blow to President Biden’s Federal Communications Commission, striking down the agency’s hard-fought and long-debated open internet rules. The FCC had sought to reinstate a sweeping policy established under President Obama that was designed to treat internet service as an essential public service,...
A data company has figured out which airlines fly on time most often
Mexican airline Aeromexico had the world’s best record for on-time arrivals in 2024, according to an annual ranking released Thursday. Delta Air Lines scored the highest among U.S. carriers despite a computer outage that caused thousands of flight cancellations in July. Aviation-data provider Cirium said in a report that nearly...
Tesla reports 1.1% sales drop for 2024, its 1st annual decline in a decade
DETROIT — Tesla posted its first annual sales drop in more than a dozen years Thursday, sinking a stock that has soared since Donald Trump’s victory on optimism Elon Musk’s close relationship to the president-elect will help the company. Tesla’s global vehicle sales rose 2.3% in the final quarter thanks...
U.S. unemployment claims fall to 211,000, the lowest level since March
WASHINGTON — The number of Americans applying for unemployment checks dropped last week to the lowest level since March, suggesting that suggest most workers enjoy unusual job security. Jobless claims dropped by 9,000 to 211,000 last week, the Labor Department reported Thursday. The four-week average of claims, which strips out...
Wall Street indexes lose ground as market closes another record-breaking year
Stock indexes closed mostly lower Tuesday as the market delivered a downbeat finish on the final day of another milestone-shattering year on Wall Street. The S&P 500 gave up an early gain to finish down 0.4%. The benchmark index, which set 57 record highs in 2024, racked up a 23.3%...
Report: Nippon Steel offers 10-year guarantee to gain approval of U.S. Steel acquisition
In a last-ditch effort to gain approval for its acquisition of U.S. Steel, Nippon Steel is offering a 10-year guarantee that it would not reduce production capacity at U.S. Steel’s mills in six states, including Pennsylvania, the Washington Post reported. The newspaper cited a document sent to the White House....
Greensburg, Hempfield areas see changes in fast food, retail business scene
As fast food chains and other popular retail locations close in the Greensburg-Hempfield area, the region’s business scene will see some changes in the new year. Dick’s Sporting Goods While Westmoreland Mall prepares to welcome a Dick’s Sporting Goods House of Sport, one of the chain’s stores along Route 30...
Small businesses brace themselves for potentially disruptive TikTok ban
A looming TikTok ban could affect the millions of small businesses that use the short-video social media app to help them grow their business. Desiree Hill, owner of Crown’s Corner Mechanic in Conyers, Georgia, started her business solo as a mobile mechanic. Sharing videos of her work on TikTok helped...
In 2024, artificial intelligence was all about putting AI tools to work
If 2023 was a year of wonder about artificial intelligence, 2024 was the year to try to get that wonder to do something useful without breaking the bank. There was a “shift from putting out models to actually building products,” said Arvind Narayanan, a Princeton University computer science professor and...
Value-seekers drove 2024’s retail trends and dead ends
Value was in vogue in 2024. Shoppers and restaurant patrons in the U.S. were choosy about where and how to spend their money as they wrestled with high housing and food prices. Well-heeled customers traded down to Walmart and Aldi. Diners opted for fast food or home cooking instead of...
10 tips from experts to help you change your relationship with money in 2025
NEW YORK — With the end of 2024 around the corner, you might be reflecting on financial goals for 2025. Whether you’re saving to move out of your parents’ house or pay off student loan debt, financial resolutions can help you stay motivated, said Courtney Alev, consumer advocate for Credit...
Big Lots reaches deal to keep hundreds of U.S. stores open
The discount chain Big Lots, which filed for bankruptcy protection in September, has reached a deal that will keep hundreds of its stores and distribution centers open. Big Lots said Friday it will be sold to Gordon Brothers Retail Partners, a firm that specializes in distressed companies. Gordon Brothers will...
Elon Musk causes stir with post insulting American tech workers, supporting H-1B visas
Trump administration adviser Elon Musk angered MAGA supporters with his approval of a social media post sarcastically explaining that immigrants are needed for tech jobs because U.S. workers aren’t qualified enough. Using the X social media platform owned by Musk, an account called Autism Capital summed up the debate over...
Trump asks Supreme Court to pause law threatening TikTok ban
WASHINGTON — President-elect Donald Trump thrust himself into the high-stakes fight over the fate of TikTok in the U.S. by urging the Supreme Court to pause a law that would ban the social media platform if it isn’t sold by its Chinese parent company. Trump said the court should give...
New York state government to monitor its use of AI under a new law
ALBANY, N.Y. — New York state government agencies will have to conduct reviews and publish reports that detail how they’re using artificial intelligence software under a new law signed by Gov. Kathy Hochul. Hochul, a Democrat, signed the bill last week after it was passed by state lawmakers this year....
Holiday shoppers increased spending by 3.8% despite higher prices
Sales rose this year during the holiday shopping season even as Americans wrestled with elevated prices for many groceries and other necessities, according to new data. Holiday sales from the beginning of November through Christmas Eve climbed 3.8%, outpacing the 3.1% increase from a year earlier, according to Mastercard SpendingPulse,...
How the stock market defied expectations again this year, by the numbers
NEW YORK — What a wonderful year 2024 has been for investors. U.S. stocks ripped higher and carried the S&P 500 to records as the economy kept growing and the Federal Reserve began cutting interest rates. The year featured many familiar winners, such as Big Tech, which got even bigger...
U.S. applications for unemployment benefits hold steady, but continuing claims rise to 3-year high
WASHINGTON — The number of Americans applying for unemployment benefits held steady last week, though continuing claims rose to the highest level in three years. Jobless claim applications ticked down by 1,000 to 219,000 for the week of Dec. 21, the Labor Department reported Thursday. That’s fewer than the 223,000...
Fueled by anger and caffeine, 200 Starbucks workers strike in Pittsburgh area
In Pittsburgh’s Oakland neighborhood on Tuesday, the sound of holiday songs filled the air outside the closed Starbucks at Forbes Avenue and Atwood Street. But the carolers weren’t fueled by holiday cheer. They were actually striking baristas from various stores in the Pittsburgh area demanding a union contract alongside their...
Walmart, fintech partner accused of illegally opening costly bank accounts for drivers
Walmart Inc. and one of its financial technology partners allegedly opened expensive bank accounts for delivery drivers of the world’s largest retailer without their consent, a U.S. consumer protection agency said Monday. The Consumer Financial Protection Bureau sued Walmart and Branch Messenger Inc., claiming they required those in the Spark...
