Business category

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...
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...
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...
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...
PepsiCo plans price cuts as demand for its drinks and snacks slip

PURCHASE, N.Y. — PepsiCo is cutting prices on Lay’s, Doritos, Cheetos and Tostitos chips this year to win back customers exasperated by years of price hikes. PepsiCo has leaned on price increases as the cost of packaging, ingredients and transportation rose, but it’s cost the Purchase, N.Y., company in volume....
India’s Modi praised for U.S. trade deal as opposition questions impact on agricultureVideo

NEW DELHI — Indian lawmakers from the ruling coalition praised Prime Minister Narendra Modi on Tuesday for striking a deal with the U.S. that seeks to reduce tariffs on Indian goods, while the opposition raised questions on the impact on sensitive sectors such as agriculture. President Donald Trump on Monday...
Paris prosecutors raid X offices as part of investigation into child abuse images and deepfakes

PARIS — French prosecutors raided the offices of social media platform X on Tuesday as part of a preliminary investigation into allegations including spreading child sexual abuse images and deepfakes. They have also summoned billionaire owner Elon Musk for questioning. X and Musk’s artificial intelligence company xAI also face intensifying...
Robotaxi pioneer Waymo gets $16 billion injection to accelerate expansion plans

Robotaxi pioneer Waymo has raised another $16 billion to help fuel its ambition for its fleet of self-driving cars to provide rides throughout the world while other deep-pocketed rival services backed by Tesla and Amazon try to catch up. The fundraising announced Monday values Waymo at $126 billion. The appraisal...
Musk joins his rocket and AI businesses into single company before expected IPO this year

NEW YORK — Elon Musk is joining his space exploration and artificial intelligence ventures into a single company before a massive planned initial public offering for the business later this year. His rocket venture, SpaceX, announced on Monday that it had bought xAI in an effort to help the world’s...
Some companies tie AI to layoffs, but the reality is more complicated

The one thing N. Lee Plumb knows for sure about being laid off from Amazon last week is that it wasn’t a failure to get on board with the company’s artificial intelligence plans. Plumb, his team’s head of “AI enablement,” says he was so prolific in his use of Amazon’s...

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