Business category, Page 70
Delta flight diverts to New York after passengers served spoiled food
NEW YORK — A Delta flight from Detroit to Amsterdam was diverted Wednesday to New York’s Kennedy Airport when passengers were served spoiled food, airline officials said. The redeye flight took off from Detroit around 11 p.m. Tuesday and landed in New York at 4 a.m. “after reports that a...
Black farmers’ association calls for Tractor Supply CEO’s resignation after company cuts DEI efforts
NEW YORK — The National Black Farmers Association called on Tractor Supply’s president and CEO to step down after the rural retailer announced that it would drop most of its corporate diversity and climate advocacy efforts. The resignation demand emerged as Tractor Supply, which sells products ranging from farming equipment...
Longer happy hours, value meals with an adult beverage coming to Pennsylvania
Inflation-weary consumers could soon see changes coming to their favorite drinking establishments that will be gentler on their wallets. Longer happy hours and combo meals that include an adult beverage are among a number of changes to the state’s liquor code included in a bill the House approved on Wednesday...
Federal Reserve minutes: Inflation is cooling, but more evidence is needed for rate cuts
WASHINGTON — Federal Reserve officials at their most recent meeting welcomed recent signs that inflation is slowing and highlighted data suggesting that the job market and the broader economy could be cooling. Both trends, if they continued, could lead the Fed to cut its benchmark interest rate in the coming...
GM will pay $146M in federal penalties because 5.9 million older vehicles emit excess carbon dioxideVideo
WASHINGTON — General Motors will pay nearly $146 million in penalties to the federal government because 5.9 million of its older vehicles don’t comply with emissions and fuel economy standards. The National Highway Traffic Safety Administration said in a statement Wednesday that certain GM vehicles from the 2012 through 2018...
Open on July 4: Retailers and airlines. Closed: Government, banks, stock market
NEW YORK — The Fourth of July holiday, also known as Independence Day, celebrates the Second Continental Congress’ unanimous adoption of the Declaration of Independence on July 4, 1776, a document announcing the colonies’ separation from Great Britain. One year later, according to the Library of Congress, a spontaneous celebration...
Southwest Air adopts ‘poison pill’ as activist investor Elliott takes significant stake in company
Southwest Airlines has adopted a ‘poison pill’ following activist investor Elliott Investment Management taking a significant stake in the company. The airline said Wednesday that the shareholder rights plan is effective immediately and expires in a year. Southwest shareholders would need to give prior approval for an extension. Shareholder rights...
New-vehicle sales barely rose in the 2nd quarter as buyers balked at still-high prices
DETROIT — U.S. new-vehicle sales rose only slightly in the second quarter, despite larger discounts and slightly lower prices. But brisker sales could be on the horizon: Auto industry analysts say they expect prices to drop further and there’s a possibility of interest-rate cuts that would make taking out a...
Cedar Fair CEO takes over Six Flags as merger closes
After months of waiting, Six Flags and Cedar Fair’s merger has finally closed, creating one theme park giant. The move will consolidate both company’s parks under one company and, most importantly to Texans, move Six Flags’ corporate headquarters from Arlington, Texas, to Charlotte, North Carolina. The merger unites both companies...
Etna’s business boom: New brewery, shops, and community center revitalize borough
A new brewery opened in Etna earlier this year and co-owner Dominic Cincotta said he’s happy to operate in a welcoming business environment after years of shopping around for locations in and around Pittsburgh. “We always looked for a taproom around the city and it’s very hard — and expensive,”...
Ticketmaster data breach confirmed, over 500 million customers possibly affected
Ticketmaster has notified customers about a suspected data breach, USA Today reported. In May, Ticketmaster said it was investigating a data breach after a hacking group known as ShinyHunters claimed responsibility for stealing the information of more than 500 million Ticketmaster customers, the New York Times reported. In the filing...
Supreme Court to weigh whether regulators were heavy handed with flavored e-cigarette products
WASHINGTON — The Supreme Court took up an e-cigarette case Tuesday, weighing Food and Drug Administration decisions blocking the marketing of sweet flavored products amid a surge in vaping by young people. The FDA is appealing a lower court ruling siding with vape companies who argue the FDA unfairly denied...
U.S. job openings rise to 8.1 million despite higher interest rates
WASHINGTON — U.S. job openings rose slightly to 8.1 million in May despite the impact of higher interest rates intended to cool the labor market. Vacancies rose from a revised 7.9 million in April, the first reading below 8 million since February 2021, the Labor Department reported Tuesday. Layoffs rose...
Fed Chair Jerome Powell: U.S. inflation is slowing again, though it isn’t yet time to cut rates
WASHINGTON — Inflation in the United States is slowing again after higher readings earlier this year, Federal Reserve Chair Jerome Powell said Tuesday, while adding that more such evidence would be needed before the Fed would cut interest rates. After some persistently high inflation reports at the start of 2024,...
U.S. gives key approval to Atlantic Shores offshore wind farm in New Jersey
ATLANTIC CITY, N.J. — The U.S. Interior Department approved the proposed Atlantic Shores offshore wind farm in New Jersey on Tuesday, giving a major boost to a project that would be the state’s first. The project still requires an additional federal approval of its construction and operations plan, along with...
Tesla sales fall for 2nd straight quarter despite price cuts, but beat analyst expectations
DETROIT — Tesla’s global sales fell for the second straight quarter despite price cuts and low-interest financing offers, another sign of weaking demand for the company’s products and electric vehicles overall. The Austin, Texas, company said Tuesday that it sold 436,956 vehicles from April through June, down 4.8% from 466,140...
Penn State reaches tentative deal with union days after Teamsters OK strike
Union members will vote in the coming weeks on a tentative contract agreement with management covering 2,500 employees on Penn State University branches statewide and the main University Park campus. The deal, if ratified, could offer a measure of labor peace at a time of heightened workplace anxiety across Penn...
U.S. wants Boeing to plead guilty to fraud over fatal crashes, lawyers say
The U.S. Justice Department is pushing Boeing to plead guilty to criminal fraud in connection with two deadly plane crashes involving its 737 Max jetliners, according to several people who heard federal prosecutors detail a proposed offer Sunday. Boeing will have until the end of the coming week to accept...
As AI gains a workplace foothold, states try to make sure workers don’t get left behind
HARTFORD, Conn. — With many jobs expected to eventually rely on generative artificial intelligence, states are trying to help workers beef up their tech skills before they become outdated and get outfoxed by machines that are becoming increasingly smarter. Connecticut is working to create what proponents believe will be the...
Boeing in talks with DOJ to resolve charges over safety lapses
WASHINGTON — Boeing Co. is in talks with the U.S. Justice Department to resolve potential charges stemming from two fatal crashes of its 737 Max jetliners, according to people familiar with the negotiations. The settlement could be announced as soon as next week and is expected to include imposing a...
U.S. miners’ union head: Republican effort to block silica dust rule ‘attack’ on workers
CHARLESTON, W.Va. — The head of the national mine workers’ union Friday condemned what he characterized as an effort by House Republicans to block enforcement of a long-awaited federal rule directed at curbing workers’ exposure to poisonous, deadly rock dust, calling it “a direct attack on the health and safety...
Federal Reserve’s preferred inflation gauge shows price pressures easing further
WASHINGTON — A measure of prices that is closely tracked by the Federal Reserve suggests that inflation pressures in the U.S. economy are continuing to ease. Friday’s Commerce Department report showed that consumer prices were flat from April to May, the mildest such performance in more than four years. Measured...
Supreme Court rejects nationwide opioid settlement with OxyContin maker Purdue Pharma
WASHINGTON — The Supreme Court on Thursday rejected a nationwide settlement with OxyContin maker Purdue Pharma that would have shielded members of the Sackler family who own the company from civil lawsuits over the toll of opioids but also would have provided billions of dollars to combat the opioid epidemic....
U.S. weekly jobless claims fall, but the total number collecting benefits is the most since 2021
Fewer people applied for unemployment benefits last week but the total number of Americans collecting jobless benefits rose to the highest level in more than two years. The Labor Department reported Thursday that jobless claims for the week ending June 22 fell by 6,000 to 233,000 from 239,000 the previous...
Walgreens woes continue with earnings miss; plans to shutter significant number of stores
Walgreens shares tumbled early Thursday after the drugstore chain signaled that more store closings are on the way, missed earnings expectations for its third quarter and cut its annual forecast. The company said a quarter of U.S. stores are underperforming and it plans to shutter a significant number of them...
