Jury finds Elon Musk misled investors during Twitter purchase, absolves him of some fraud claims
SAN FRANCISCO — A jury has found Elon Musk liable for misleading investors by deliberately driving down Twitter’s stock price in the tumultuous months leading up to his 2022 acquisition of the social media company for $44 billion. But it absolved him of some fraud allegations, finding that he did...
Trump officials announce 10-gigawatt data center, gas plants for former Ohio uranium site
PIKETON, Ohio — The U.S. Department of Energy on Friday announced a public-private partnership to develop a major data center with its own power supply on the site of a decommissioned uranium enrichment plant in southern Ohio, as it pushes commercial development of artificial intelligence technology. The Portsmouth Gaseous Diffusion...
In an always-on culture, employees try ‘microshifting’ to reclaim personal lives
NEW YORK — Before the house is humming and her teenagers ask her to whip up breakfast or chauffeur them to school, Jen Meegan reads her company emails and revisits ideas she drafted the night before. She works for an hour or so, then after the school run shops for...
Pittsburgh City Paper to relaunch under new ownershipVideo
A deal is in place that will allow Pittsburgh City Paper to relaunch under new ownership, restoring its online presence as well as a monthly print issue, its leadership said Thursday. “City Paper is a legacy free paper. I think alt-weeklies, even if they don’t print quite weekly, are a...
Ozempic is about to go generic for billions of people
The blockbuster weight loss drug sold as Ozempic and Wegovy will soon go generic in countries that are home to 40% of the world’s population, significantly lowering the price of a costly medicine that had been largely unaffordable to nearly all but the wealthiest people. On Saturday, Novo Nordisk, the...
Don’s Appliances founder dies at 82
Donald Lee Hillebrand, founder of Pittsburgh-area appliance retail empire Don’s Appliances, died this week. He was 82. Hillebrand, who founded the store with his late wife, Jill Ann Hillebrand, in 1971, died “peacefully surrounded by his family” on Monday, an obituary said. He was born Aug. 24, 1943, in McKees...
U.S. applications for jobless benefits fall to 205,000 last week as layoffs remain historically low
WASHINGTON — U.S. applications for unemployment benefits fell last week, remaining in the same range of recent years despite a broadly tepid labor market. The number of Americans filing for jobless aid for the week ending March 14 fell by 8,000 from the previous week to 205,000, the Labor Department...
How much energy does AI really need? Anthropic official weighs in at CMU Energy Week
It’s obvious that energy industry leaders have been talking about artificial intelligence a great deal late, said Benjamin Della Rocca, national security lead at Anthropic, a leading AI company. But it’s still uncertain, Della Rocca said, exactly what AI’s energy needs are going to be in the upcoming years. “AI’s...
Uber to invest up to $1.25B in Rivian to help launch robotaxis
NEW YORK — Uber says it will invest up to $1.25 billion in Rivian Automotive to help launch up to 50,000 robotaxis. Uber, or its fleet partners, are expected to buy 10,000 fully autonomous Rivian R2 robotaxis, with the option to purchase up to 40,000 more in 2030. The companies...
John Dorfman: My Nasdaq stock picks have averaged 17.9% return
The turnaround in the Nasdaq Stock Market happened sooner than I expected. Each March, I write a column about the Nasdaq. A year ago, I wrote that Nasdaq stocks — flailing at the time because of President Donald Trump’s “Liberation Day” tariffs — probably would be a fertile buying ground...
Juniper Grill, Atria’s and 1930 Cigar Bar now open in Pittsburgh’s Strip District
Three restaurant concepts have opened in Pittsburgh’s Strip District. Juniper Grill, Atria’s and 1930 Cigar Bar opened on Tuesday at 2350 Railroad St. The two restaurants and cigar lounge occupy 11,000 square feet and replace the former Italian restaurants Osteria 2350 and Cioppino. The new establishments are operated by Restaurant...
Alcoa nears first sale of property for potential data center
Pittsburgh-based Alcoa is inching closer to a deal to sell the first of 10 former industrial sites for potential use as data centers. The aluminum manufacturer announced plans in February to offload closed or curtailed sites. The New Kensington Technical Center not among them, nor are any company properties in...
U.S. says Anthropic is an ‘unacceptable’ national security risk
SAN FRANCISCO — The U.S. government said Tuesday that it had deemed the artificial intelligence company Anthropic an “unacceptable risk” to national security because the startup could disable or alter its technology to suit its own interests, rather than the country’s priorities, in a time of war. In a 40-page...
Kraft Heinz seals deal as NFL official condiment partner ahead of draft in PittsburghVideo
Heinz ketchup is taking over the condiment stand as the exclusive topping for concessions at Acrisure Stadium. The same will apply across the NFL after a five-year agreement announced Wednesday named Kraft Heinz Co. as the league’s first-ever official condiment partner. The deal is expected to drive fan engagement with...
Trump’s tariffs are hurting American manufacturers instead of helping them
WASHINGTON — Jay Allen is a fan of President Donald Trump, and voted for him on the belief that the Republican would cut taxes and trim regulations, helping his manufacturing business in northeast Arkansas. But the tariffs at the core of Trump’s economic agenda have wreaked havoc on his company,...
Jet fuel prices and airfares are rising. Travelers are still booking flights, U.S. airlines say
Major U.S. airlines say they are not expecting a significant dent in quarterly profits despite soaring jet fuel costs tied to the war in the Middle East adding hundreds of millions of dollars in expenses. Executives from Delta Air Lines, American Airlines and United Airlines told investors Tuesday that strong...
Gas prices near $4: What’s driving the spike in Pa.Video
Gas prices surged again Tuesday, climbing to just shy of $4 a gallon across Southwestern Pennsylvania — a fresh hit for motorists already bracing for higher costs. Lynda Lambert, a spokesperson for AAA East Central, said the spike is being driven by the escalating war in Iran, which has rattled...
Amazon launches 1-hour, 3-hour delivery options
If there’s something on Amazon you need today, you might be in luck. The company announced new one-hour and three-hour delivery options across the United States for over 90,000 products — including everyday household essentials. In a release Tuesday, Amazon said the new delivery options build on the same-day delivery...
Bank of America settles claims over lawsuits by Jeffrey Epstein victims
NEW YORK — Bank of America has tentatively settled a lawsuit claiming it ignored suspicious financial transactions involving Jeffrey Epstein while he was sexually abusing hundreds of girls and women. The proposed settlement was revealed in filings in Manhattan federal court on Monday, the same day that billionaire financier Leon...
Oil prices resume their rise, but stocks hold steadier this time around
NEW YORK — Oil prices resumed their rise on Tuesday because of the war with Iran, but U.S. stocks held steadier this time around. The S&P 500 rose 0.2% to add to its gain from the day before, which was its biggest since the war began. The Dow Jones Industrial...
Trump officials weigh new $1 billion deal to stop offshore wind farms
WASHINGTON — The Trump administration is considering a new strategy for throttling the country’s offshore wind industry, after federal judges blocked its five previous attempts to stop wind farms under construction off the East Coast. Senior administration officials are drafting settlement agreements that would pay nearly $1 billion to TotalEnergies,...
Iran war pushes countries into energy triage as they conserve power and curb soaring prices
BANGKOK — The escalating war with Iran is pushing parts of the world into energy triage, forcing governments to choose where to cut demand or absorb costs, while prioritizing dwindling supplies. Asia is the most exposed since it relies heavily on imported fuel, much of it shipped through the now-blocked...
Macy’s at Pittsburgh Mills selling off fixtures, shelves as clearance sale continuesVideo
A new closing sale of sorts has started at Macy’s at Pittsburgh Mills. The anchor store, which announced its plans to leave the Frazer mall this spring, is selling its store fixtures, shelving units and more. A post on Facebook marketplace lists tables, holiday decor, art, clothes and accessory racks,...
Bank of America agrees to settle claims it aided Epstein sex crimes
NEW YORK — Bank of America Corp. has agreed to settle a proposed class action lawsuit on behalf of Jeffrey Epstein victims who accused the bank of aiding in the deceased financier’s sex-trafficking, according to a court record. The agreement in principle was noted Monday in the court docket in...
Stocks climb to their best day since the Iran war began after oil prices ease
NEW YORK — A drop in oil prices on Monday helped send the U.S. stock market to its best day since the war in Iran began. The S&P 500 climbed 1% for its biggest gain in five weeks. The Dow Jones Industrial Average added 387 points, or 0.8%, and the...
