Business category, Page 82

The union representing 5,000 state university faculty across Pennsylvania has reached “an agreement in principle” with leaders of the State System of Higher Education, both parties confirmed Thursday. The agreement followed a full day and night of negotiating. It comes almost seven months after the existing agreement between the Association...

Amazon will partner with Diamond Sports as part of a restructuring agreement as the largest owner of regional sports networks looks to emerge from bankruptcy. Diamond owns 18 networks under the Bally Sports banner. Those networks have the rights to 37 professional teams — 11 baseball, 15 NBA and 11...

FRANKFURT, Germany — Cutting interest rates too soon could threaten Europe’s progress in battling the inflation that has ravaged the economy, the head of the European Central Bank said Wednesday amid widespread speculation that the bank will soon lower rates from record highs. Christine Lagarde, faced with market expectations for...

NEW YORK — The prospect of a JetBlue-Spirit Airlines merger took a major hit in court on Tuesday when a federal judge sided with the Biden administration and blocked the $3.8 billion deal. The judge ruled that JetBlue’s purchase of Spirit, the nation’s largest low-cost airline, would harm competition —...

NEW YORK — The cost to overdraw a bank account could drop to as little as $3 under a proposal announced by the White House, the latest effort by the Biden administration to combat fees it says pose an unnecessary burden on American consumers, particularly those living paycheck to paycheck....

WASHINGTON — The Supreme Court on Tuesday allowed a court order to take effect that could loosen Apple’s grip on its lucrative iPhone app store, and potentially affect billions of dollars in revenue a year. The justices rejected Apple’s appeal of lower-court rulings that found some of Apple’s app store...

NEW YORK — Sophia Danner-Okotie’s has ambitious plans for her Nigerian-inspired clothing line but a sense of dread has punctured her optimism as she watches a legal battle being waged against a small venture capital firm that has provided funding instrumental to her boutique brand’s growth. The case against the...

A small coffee chain has abruptly closed all four of its Pittsburgh locations, and some critics are claiming it is a move to undermine labor organizing. Adda Coffee & Tea House announced late Thursday on social media that it is closing all of its locations, claiming it has been running...

The Federal Aviation Administration says it will increase oversight of Boeing and audit the production of the 737 Max 9 jetliner after a panel blew off an Alaska Airlines plane in midflight last week, the latest in a string of mishaps at the troubled aircraft maker. The FAA said Friday...

NEW YORK — John Walsh, advocate for missing children and longtime host of “America’s Most Wanted,” said he feels outmanned by criminals all the time — especially in the courtroom. “I say to myself, ‘My god, the lawyer for this dirtbag predator is smarter and more sophisticated than the cops...

BOSTON — Online retailer eBay Inc., will pay a $3 million fine to resolve criminal charges over a harassment campaign waged by employees who sent live spiders, cockroaches and other disturbing items to the home of a Massachusetts couple, according to court papers filed Thursday. The Justice Department charged eBay...

WASHINGTON — Higher rents and food prices boosted overall U.S. inflation in December, a sign that the Federal Reserve’s drive to slow inflation to its 2% target will likely remain a bumpy one. Thursday’s report from the Labor Department showed that overall prices rose 0.3% from November and 3.4% from...

The Department of Justice has ordered a recall of 600,000 Ram trucks as part of a settlement that directs engine maker Cummins Inc. to remedy environmental damage it caused when it illegally installed emissions control software in several hundred thousand vehicles, skirting emissions testing. It released new details of the...

Twitch, the video game streaming platform acquired by Amazon a decade ago for close to $1 billion, is laying off more than 500 employees as the company tries to turn the tremendously expensive division profitable. Twitch CEO Dan Clancy in an email to employees said that even with cost cuts...

SAN FRANCISCO — Meta said Tuesday it will start hiding inappropriate content from teenagers’ accounts on Instagram and Facebook, including posts about suicide, self-harm and eating disorders. The social media giant based in Menlo Park, Calif., said in a blog post that while it already aims not to recommend such...

Pittsburgh’s Planning Commission on Tuesday unanimously approved plans for a new apartment building that will prominently display 10 large panels of artwork on its facade. Pittsburgh-based GSX Ventures intends to construct a six-story, 211-unit apartment building, dubbed Phoenix on Forbes, on a 1.4-acre site in the city’s Bluff neighborhood. The...

A tech company is poised to move its global headquarters to Pittsburgh’s Strip District, showcasing the region’s continuing success at attracting high-tech businesses. Gov. Josh Shapiro announced Tuesday that Excelitas Technologies has committed to occupying roughly 50,000 square feet of space at 2545 Railroad St. in the Strip. Excelitas, a...

WASHINGTON — Hobbled by high interest rates, persistent inflation, slumping trade and a diminished China, the global economy will slow for a third consecutive year in 2024. That is the picture sketched by the World Bank, which forecast Tuesday that the world economy will expand just 2.4% this year. That...

It wasn’t an isolated issue or the result of a good-faith mistake that employees at Comprehensive Healthcare’s 15 Western Pennsylvania facilities weren’t being paid for all the hours they worked. Instead, a lawyer with the U.S. Department of Labor told a federal judge Monday, it was part of the company’s...

The University of Pittsburgh‘s expansive BioForge initiative has hired its inaugural chief executive officer. Kaigham (Ken) J. Gabriel was appointed to the job, Anantha Shekhar, Pitt senior vice chancellor for the health sciences and medical school dean, announced Monday. Gabriel who already has begun his duties also will serve as...

A Rostraver used car dealership is facing nearly 800 charges after, state police said, those running it failed to keep proper business records and post open hours, according to court papers. The charges were filed Monday against Anden Auto. They include one misdemeanor alleging failure to maintain records of sales...

Need a robot that can crawl up a metal wall? How about one with suction cup legs that can go almost anywhere? It won’t be long until robots with those abilities and more become common. In fact, you can see them now in Pittsburgh’s Polish Hill neighborhood. HEBI Robotics is...

DALLAS — Boeing is asking federal regulators to exempt a new model of its 737 Max airliner from a safety standard designed to prevent part of the engine housing from overheating and breaking off during flight. Federal officials said last year Boeing was working to fix the hazard on current...

COLUMBUS, Ohio — A trade group representing TikTok, Snapchat, Meta and other major tech companies sued Ohio on Friday over a pending law that requires children to get parental consent to use social media apps. The law was part of an $86.1 billion state budget bill Republican Gov. Mike DeWine...