Business category, Page 86
U.S. job openings rose in December, pointing to a still-durable labor market
WASHINGTON — America’s employers posted 9 million job openings in December, an increase from November and another sign that the U.S. job market remains resilient despite the headwind of higher interest rates. The number of openings was up from November’s 8.9 million, which itself was revised up in Tuesday’s report...
UPS to cut 12,000 jobs 5 months after reaching union deal as revenue outlook for year disappoints
UPS will cut 12,000 jobs and released a revenue outlook for this year that sent its shares down sharply at the opening bell. The company also hinted that its Coyote truckload brokerage business may be put up for sale. In September, the Teamsters voted to approve a tentative contract agreement...
Norfolk Southern becomes 1st big freight railway to let workers use anonymous federal safety hotline
OMAHA, Neb. — About 1,000 engineers and conductors who work for Norfolk Southern will soon be able to report safety concerns anonymously through a federal system without any fear of discipline. Norfolk Southern is the first of the six major freight railroads to follow through on promises made in the...
With tax season underway, here are some tips to navigate it
NEW YORK — Tax season began Monday and for many people filing U.S. tax returns — especially those doing it for their first time — it can be a daunting task that’s often left to the last minute. But if you want to avoid the stress of the looming deadline,...
Amazon calls off bid to buy robot vacuum cleaner iRobot amid scrutiny in the U.S. and Europe
LONDON — Amazon on Monday called off its proposed acquisition of iRobot, which was facing antitrust scrutiny on both sides of the Atlantic, with the ecommerce giant blaming “undue and disproportionate regulatory hurdles.” The companies said in joint statement that they “entered into a mutual agreement to terminate their announced...
Small biz owners scale back their office space or go remote altogether. Some move to the suburbs
NEW YORK — After 46 years, Steve Replin has decided to give up his office space. Replin, who has a law practice and acts as an alternative lender in Denver, is adapting to the changing preferences of clients, who would rather conduct business online, or in a less professional setting...
Inflation has slowed. Now the Federal Reserve faces expectations for rate cuts
WASHINGTON — Chair Jerome Powell will enter this week’s Federal Reserve meeting in a much more desirable position than he likely ever expected: Inflation is getting close to the Fed’s target rate, the economy is still growing at a healthy pace, consumers keep spending and the unemployment rate is near...
X pauses Taylor Swift searches as deepfake explicit images spread
Elon Musk’s social media platform X has blocked searches for Taylor Swift as pornographic deepfake images of the singer have circulated online. Attempts to search for her name on the site resulted in an error message and a prompt for users to retry their search, which added, “Don’t fret —...
Most Americans feel they pay too much in taxes, AP-NORC poll finds
NEW YORK — A majority of taxpayers feel they pay too much in taxes, with many saying that they receive a poor value in return, according to a new poll from the University of Chicago Harris School of Public Policy and The Associated Press-NORC Center for Public Affairs Research. Two-thirds...
Alaska Airlines has begun flying Boeing Max 9 jetliners again for the first time Friday
Alaska Airlines has begun flying Boeing 737 Max 9 jetliners again for the first time since they were grounded after a panel blew out of the side of one of the airline’s planes. The airline said in a statement that it has completed its final inspection of their group of...
The Advanced Leadership Institute brings together African American executives from across Pittsburgh
It is tough to be what you don’t see, so cohort by cohort, The Advanced Leadership Institute is dismantling the idea of Black people being an anomaly in leadership and executive roles. On Friday, the leadership program welcomed 21 new members in its sixth Executive Leadership Academy Cohort, during their...
Economy grew at a surprisingly strong 3.3% pace last quarter, pointing to continued resilienceVideo
WASHINGTON — The nation’s economy grew at an unexpectedly brisk 3.3% annual pace from October through December as Americans showed a continued willingness to spend freely despite high interest rates and price levels that have frustrated many households. Thursday’s report from the Commerce Department said the gross domestic product —...
Auto dealers up campaign urging Biden administration to halt EPA tailpipe emission limits regulation
DETROIT — More than 4,700 auto dealerships across the United States urged President Joe Biden in a letter Thursday to halt the Environmental Protection Agency’s efforts to enforce stricter vehicle-pollution standards. The missive comes just weeks before the agency’s expected ruling on its tailpipe-emissions proposal, which addresses both climate change...
Southwest Airlines is reporting a loss, and American expects to start new year with a loss
DALLAS — Fourth-quarter profit fell sharply at American Airlines, and the carrier predicted it would lose money in early 2024, while Southwest Airlines posted a loss, as both carriers struggled to cover rising labor costs. Southwest also said Thursday that it expects to receive fewer new planes than it expected...
Boeing 757 lost nose wheel preparing for takeoff during a very rough stretch for the plane maker
A Boeing 757 jet operated by Delta Air Lines lost a nose wheel while preparing for takeoff from Atlanta. It was an older model of plane than those made by Boeing that have raised safety concerns about Boeing, yet it occurred with an intense spotlight on one of the nation’s...
Ford to recall nearly 1.9 million Explorer SUVs to secure trim pieces that can fly off in traffic
DETROIT — Ford is recalling nearly 1.9 million Explorer SUVs in the U.S. because a trim piece can fly off and create a hazard for other drivers. The recall covers Explorers from the 2011 through 2019 model years. Documents posted Wednesday by the U.S. National Highway Traffic Safety Administration say...
Huntington gets OK to move into former Downtown Pittsburgh McDonald’s
Huntington National Bank is one step closer to moving into the site that previously housed Downtown Pittsburgh’s last McDonald’s restaurant. Last spring, the fast food spot opted not to renew its lease at the Stanwix Street location just outside Market Square. The Golden Arches had previously been at there for...
IRS to simplify its notices to taxpayers in push for modernization
WASHINGTON — The IRS wants to rewrite its complicated letters to taxpayers and speak to people in plain English. The federal tax collector is rewriting and sending out commonly received notices ahead of the 2024 tax filing season as part of its new “Simple Notice Initiative.” “Redesigned notices will be...
Car insurance is surging. Here’s why — and how you can save
When Imani Porter received the quote for her car insurance renewal in December, she was flabbergasted. Geico, which had insured her and her fiancé’s Honda CR-V for the past year and a half, was going to charge the couple about $1,000 for the next six-month period. “I did the math...
TurboTax maker Intuit barred from advertising ‘free’ tax services without disclosing who’s eligible
NEW YORK — U.S. regulators have barred TurboTax maker Intuit Inc. from advertising its services as “free” unless they are free for all customers, or if eligibility is clearly disclosed. In an opinion and final order issued Monday, the Federal Trade Commission ruled that Intuit engaged in deceptive practices by...
At United and Alaska airlines, frustration with Boeing’s manufacturing problems is boiling over
The leaders of United Airlines and Alaska Airlines took turns Tuesday blasting Boeing over manufacturing problems that have led to the grounding of more than 140 of their planes, with United’s CEO saying his airline will consider alternatives to buying a future, larger version of the Boeing 737 Max. “I...
WWE’s ‘Raw’ is moving to Netflix next year in a major streaming deal worth more than $5 billion
WWE’s weekly television show “Raw” will move to Netflix next year as part of a major streaming deal worth more than $5 billion. TKO Group Holdings Inc., which houses WWE and UFC, said in a regulatory filing on Tuesday that the agreement is for 10 years, with Netflix having an...
France fines Amazon $35M for ‘excessively intrusive’ monitoring of warehouse staff
PARIS — France’s privacy watchdog said Tuesday that it slapped Amazon ‘s French warehouse business with a $35 million for using an “excessively intrusive sytem” to monitor worker performance and activity. The French Data Protection Authority, also known by its acronym CNIL, said the system allowed managers at Amazon France...
Wall Street ticks higher, closes above 38,000 for 1st time everVideo
NEW YORK — Most stocks rose Monday on Wall Street to build on its all-time high reached last week. The S&P 500 added 10.62 points, or 0.2%, to 4,850.43. The Dow Jones Industrial Average topped 38,000 points after rising 138.01, or 0.4%, to 38,001.81. The Nasdaq composite gained 49.32, or...
Pilots at Southwest ratify a contract that will boost their pay raises by nearly 50% by 2028
DALLAS — Pilots at Southwest Airlines have overwhelmingly approved a new contract that will raise their pay rates by nearly 50% by 2028, becoming the last group of pilots at the nation’s four biggest airlines to score huge raises. The Southwest Airlines Pilots Association said Monday that the agreement covering...
