Business category, Page 7
Nemacolin named top hotel in Pennsylvania, 28th in the U.S. in annual report
Nemacolin, the exclusive Fayette County resort known for its luxury accommodations, fine dining and expansive grounds, was named Pennsylvania’s top hotel Tuesday by U.S. News & World Report. The Laurel Highlands destination earned the No. 28 spot nationwide — one of only two businesses in Pennsylvania to crack the top...
Applications for jobless benefits fell to 227,000 last week, remaining at recent healthy levels
WASHINGTON — The number of Americans applying for unemployment benefits fell last week, remaining within the historically healthy range of the past few years. Applications for jobless aid for the week ending Feb. 7 fell by 5,000 to 227,000 from the previous week, the Labor Department reported Thursday. That’s basically...
U.S. adds 130,000 jobs and unemployment falls after tepid 2025Video
U.S. payrolls rose in January by the most in more than a year and the unemployment rate unexpectedly fell, suggesting the labor market continued to stabilize at the start of 2026. Employers added 130,000 jobs last month and the unemployment rate declined to 4.3%, according to Bureau of Labor Statistics...
Kingfly Spirits in Strip District abruptly closes
Distillery Kingfly Spirits has closed its doors for good after seven years of serving the Strip District. In a social media post on Wednesday, the distillery wrote “as of today, we are moving on to the next chapter of life,” stating that Kingfly would not be conducting future bottle sales,...
Kraft Heinz pauses split as new CEO calls challenges ‘fixable’
Kraft Heinz said Wednesday it’s pausing a planned split and launching a $600 million investment campaign to tackle what new CEO Steve Cahillane called “fixable” challenges. The company announced in September it will divide its roughly 200 brands into one firm focused on high-performing sauces and spreads and another made...
The economy is booming. So why is the job market lagging?
WASHINGTON — The U.S. economy is on a tear. So why is the American job market limping behind? The Labor Department is expected to report Wednesday that companies, government agencies and nonprofits added 75,000 jobs last month, according to a survey of forecasters by the data firm FactSet. That would...
Trump to direct Pentagon to buy coal in bid to revive industry
WASHINGTON — President Donald Trump will introduce plans to use government funding and Pentagon contracts to sustain U.S. coal-fired power plants as he seeks to drive domestic reliance on the fossil fuel. The marquee initiative, set to be announced Wednesday, will come through an executive order, as Trump directs Defense...
John Dorfman: Zoom, Duolingo are balance-sheet powerhouses
Many investors focus myopically on earnings growth. One factor they often neglect is balance-sheet strength. To correct this oversight, I compile an annual list of Balance Sheet Powerhouses. It’s an honor roll, not necessarily a buy list. Some of the powerhouse stocks are priced in the ionosphere. But most years...
New Palmer Regional airport exec hopes to increase airline traffic with new terminal
A longtime employee at Arnold Palmer Regional Airport will be the new executive director of the Westmoreland County Airport Authority, which manages the airport in Unity and the Rostraver Airport. Maurice “Moe” Haas, 60, the airport authority manager, was unanimously promoted to executive director by the authority board on Tuesday,...
Retail operator of outdoor sportswear pioneer Eddie Bauer files for bankruptcy
NEW YORK — The operator of roughly 180 Eddie Bauer stores across the U.S. and Canada has filed for Chapter 11 bankruptcy protection, blaming declining sales and a litany of other industry headwinds. The bankruptcy filing marks the third time in a little over two decades for the storied-but-now-tired brand...
Sly Fox Brewing space at Highline on South Side available, equipment up for sale
A realty company is looking for someone to serve out the remainder of Sly Fox Brewing’s lease in Pittsburgh’s South Side, suggesting the Pottstown-based company’s only production facility in Western Pennsylvania is winding down. Legacy Realty Partners announced last week the nearly 6,000-square-foot space in the neighborhood’s Highline complex —...
Landmark trial accusing social media companies of addicting children to their platforms begins
LOS ANGELES — The world’s biggest social media companies face several landmark trials this year that seek to hold them responsible for harms to children who use their platforms. Opening statements for the first, in Los Angeles County Superior Court, began on Monday. Instagram’s parent company Meta and Google’s YouTube...
Super Bowl ads try to overcome tough times with health, caring and the usual laughsVideo
At a difficult time for America, Super Bowl advertisers ask viewers to take care of themselves and others — and maybe even crack a smile. Ring shows how neighbors can use their doorbell cameras to find lost pets. A Budweiser Clydesdale protects a bald eagle chick from the rain. Novartis...
Maryland oyster season collapse prompts calls for federal disaster aid
Maryland officials are asking for federal help after what they describe as one of the worst oyster seasons in state history, a collapse they say threatens both watermen and a cornerstone of the Chesapeake Bay economy. U.S. Rep. Andy Harris, R-Md., this week asked the National Oceanic and Atmospheric Administration...
Voters are worried about the cost of housing. But Trump wants home prices to keep climbing
WASHINGTON — President Donald Trump wants to keep home prices high, bypassing calls to ramp up construction so people can afford what has been a ticket to the middle class. Trump has instead argued for protecting existing owners who have watched the values of their homes climb. It’s a position...
Valentine flower imports increase at Miami airport, despite tariffs and higher costs, officials say
MIAMI — Winged babies shooting heart-shaped arrows might get most of the credit on Valentine’s Day, but the real magic behind millions of romantic bouquets happens in a cargo warehouse at a South Florida airport. Agricultural specialists at Miami International Airport will process about 990 million stems of cut flowers...
Independence Health continues to narrow operating losses
Hefty losses have slowed for Independence Health System in the months leading up to its acquisition by West Virginia University Health System. The five-hospital network said Wednesday its operating losses fell to $7.3 million in the second half of last year, down from $16.3 million over the same span in...
Pizza Hut closing 250 stores as parent company considers selling the brand
Pizza Hut plans to close 250 U.S. restaurants in the first half of this year as its parent company considers a sale of the chain. Yum Brands said Wednesday it’s targeting underperforming Pizza Hut restaurants in its system. Pizza Hut has more than 6,000 locations in the U.S. Louisville, Kentucky-based...
Sprawling data center campus proposed next to old Bruce Mansfield power plant in Beaver County
The data center boom has arrived in small-town Beaver County with little of the fanfare that’s accompanied similar proposals across Southwestern Pennsylvania. Shippingport Council granted several zoning modifications last week that allow Texas-based Aligned Data Centers to build a sprawling campus — dubbed “Project Phoenix” — next to the old...
U.S. applications for jobless benefits jump by 22K to 231K last week, the most in 2 months
WASHINGTON — The number of Americans applying for unemployment benefits jumped last week but remains in the same historically low range of the past few years. Applications for jobless aid for the week ending Jan. 31 rose by 22,000 to 231,000 from the previous week, the Labor Department reported Thursday....
Business in bloom: Fox and the Fleur celebrates 10 years of floral design
There might not be much blooming outside in Pittsburgh right now, but it’s a different story inside Anne Dickson’s cozy Sewickley flower shop along Beaver Street. Step inside and you’ll be greeted with smiles, sweet scents and beautiful blooms to brighten even the dreariest midwinter day. Dickson fell in love...
Clairton Coke Works to resume work at battery that saw fatal explosions in August
Almost exactly six months after two workers were killed and 11 injured in a series of explosions at U.S. Steel’s Clairton Coke Works, the nation’s largest coke manufacturing facility will resume operation at one of its batteries Thursday. The first of three explosions occurred at the facility around 10:45 a.m....
Washington Post cuts a 3rd of its staff in a blow to legendary news brandVideo
The Washington Post laid off one-third of its staff Wednesday, eliminating its sports section, several foreign bureaus and its books coverage in a widespread purge that represented a brutal blow to journalism and one of its most legendary brands. The Post’s executive editor, Matt Murray, called the move painful but...
The wealthy ramp up spending while other Americans tread water, study finds
WASHINGTON — Higher-income Americans and those with college degrees have ramped up their spending more quickly in the past three years than other consumers, according to data released Tuesday, evidence of worsening inequality that may explain some of the growing pessimism about the economy. The data, released by the Federal...
John Dorfman: Fox, ASA display value and momentum
What school of investing do you belong to? The three most popular schools are value (buying cheap stocks), growth (buying stocks whose earnings are growing fast) and momentum (buying stocks that are going up). I’d say that more than 90% of investors fall into one of these three camps (or...
