Business category, Page 103
Honeygrow to open restaurant in Monroeville
Fast-casual restaurant chain Honeygrow is adding a second location in the Pittsburgh region. The Philadelphia-based eatery, which specializes in made-to-order stir-fry, salads and honeybars, plans to open a location in Monroeville this fall at a newly constructed shopping center at 3975 William Penn Highway, where it will join Mission BBQ,...
U.S. employers added 187,000 jobs in August in sign of a still-resilient labor market
WASHINGTON — The nation’s employers added 187,000 jobs in August, evidence of a slowing but still-resilient labor market despite the high interest rates the Federal Reserve has imposed. The job growth marked an increase from July’s revised gain of 157,000 but still pointed to a moderating pace of hiring compared...
Food ads are in the crosshairs as Burger King, others face lawsuits for false advertising
Food ads have long made their subjects look bigger, juicier and crispier than they are in real life. But some consumers say those mouthwatering ads can cross the line into deception, and that’s leading to a growing number of lawsuits. Burger King is the latest company in the crosshairs. In...
Home purchases by corporations increase in Pittsburgh, Allegheny County
As Pittsburgh’s real estate market heats up, a new study shows corporations are buying up residences at increasing rates, driving up competition with local residents. A study by the nonprofit Pittsburgh Community Reinvestment Group shows the share of Allegheny County homes sold to corporate entities nearly doubled over the past...
Elon Musk says X, formerly Twitter, will have voice and video calls, updates privacy policy
SAN FRANCISCO — Elon Musk said Thursday that his social network X, formerly known as Twitter, will give users the ability to make voice and video calls on the platform. Musk, who has a history of making proclamations about coming features and policies that have not always come to fruition,...
Nissan is reusing batteries from old Leaf electric vehicles to make portable power sources
YOKOHAMA, Japan — Batteries in older Nissan Leaf electric vehicles are getting a new life as portable power sources that can be used to run gadgets on the go or deliver emergency power in disasters. Japanese automaker Nissan Motor Co. has sold more than 650,000 Leaf EVs. Their batteries often...
Tesla is allowing no-hands driving with Autopilot for longer periods. US regulators have questions
DETROIT — Tesla is allowing some drivers to use its Autopilot driver-assist system for extended periods without making them put their hands on the steering wheel, a development that has drawn concern from U.S. safety regulators. The National Highway Traffic Safety Administration has ordered Tesla to tell the agency how...
122-year-old U.S. Steel is reviewing ‘numerous’ buyout offers
After receiving two buyout offers in the past month, U.S. Steel said Tuesday it is in the process of reviewing multiple offers for the storied company and symbol of American industrialization. U.S. Steel rejected a $7.3 billion buyout proposal from rival Cleveland-Cliffs two weeks ago, and that offer was followed...
Pittsburgh area jobless rate hits record low, but workforce levels remain down
The seven-county Pittsburgh region’s unemployment rate fell in July to its lowest level in 47 years, but the labor force has yet to regain the 46,000 workers it had before the pandemic wreaked havoc on the economy. The unemployment rate fell by 0.2 of a percentage point to 3.7% in...
Highmark Health to bring more remote workers back to the office
Highmark Health plans to bring more of its remote workforce back into the office in September. While about 20,000 of the Pittsburgh-based health care giant’s clinical workers at Allegheny Health Network have been on-site during the pandemic, other employees worked remotely where possible. Highmark estimates about half of its 12,000...
Giant Eagle names interim CEO Bill Artman as permanent chief executive
After five months of serving as the interim chief executive of Giant Eagle Inc., Bill Artman has been named to the position permanently. Artman took over leadership of the O’Hara-based grocer in late March, replacing Laura Shapira Karet, who had been at the helm for 11 years. Artman, a long-time...
Pa.’s state-owned universities now offering Google Career Certificates
Students attending Pennsylvania’s state-owned universities can now earn tech industry-recognized certificates during their undergraduate studies through a new partnership with Google, Gov. Josh Shapiro announced Tuesday. The initiative is intended to move students more quickly and less expensively from campuses into good-paying, high-demand jobs. It also would help employers meet...
Job vacancies, quits plunge in July in stark sign of cooling trend in the U.S. job market
WASHINGTON — Businesses posted far fewer open jobs in July and the number of Americans quitting their jobs fell sharply for the second straight month, clear signs that the labor market is cooling in a way that could reduce inflation. The number of job vacancies dropped to 8.8 million last...
3M agrees to pay $6 billion to settle earplug lawsuits from U.S. service members
NEW YORK — Chemical and consumer product manufacturer 3M has agreed to pay $6 billion to settle numerous lawsuits from U.S. service members who say they experienced hearing loss or other serious injuries after using faulty earplugs made by the company. The settlement, consisting of $5 billion in cash and...
John Dorfman: Paccar and American Woodmark show value, momentum
Most value stocks (those that are reasonably priced or cheap) are struggling to gain traction this year. Growth stocks are ruling the roost. But a few value stocks are outperforming the market. For people who relish both value and some price action, here are five stocks to consider. Each sells...
Sheetz to build facility in Ohio to support food preparation, distribution
Sheetz Inc. plans to build a $145 million facility in Findlay, Ohio, to boost the convenience store chain’s food preparation and distribution as it aims for further expansion. The project will create more than 700 jobs over five years, the Altoona-based company said Monday. “We’re excited to bring new opportunities...
Dealership #1 Cochran expands with South Hills Honda purchase
Auto retailer #1 Cochran has snapped up another dealership, acquiring South Hills Honda in Peters Township. The deal is the fourth acquisition for the company this year and fifth in the last 10 months. South Hills Honda makes the first Honda store in #1 Cochran’s Pittsburgh market and second overall...
North Shore industrial site redevelopment underway, lands distribution firm
An industrial site near the former Heinz plant on Pittsburgh’s North Side is welcoming new tenants — and developers of the site have an eye on future expansion along the Allegheny River. New Jersey-based distributor Champion Container Corp. has moved into the first phase of the River Avenue Distribution &...
Pa. Public Utilities Commission names Jennifer Berrier as executive director
The Pennsylvania Public Utility Commission on Thursday appointed Jennifer Berrier, the former secretary of Labor & Industry under Gov. Tom Wolf, as the agency’s new executive director. Berrier takes over leadership of the agency on Sept. 11. The PUC regulates electric, natural gas, pipeline, rail, telecommunications, water and wastewater services....
UPMC sees growth in insurance usage during first 6 months of the year
More people are using UPMC’s insurance options, particularly in Eastern Pennsylvania. The Pittsburgh-based health care giant reported an 11% increase in insurance enrollment, bringing membership to about 4.5 million during the first half of 2023. UPMC attributed the growth to its expansion of behavioral health and Medicaid products into the...
Sandwich chain Subway will be sold to fast-food investor Roark Capital
Subway said Thursday it will be sold to Roark Capital, a private equity firm with expertise in restaurant management that could help the sandwich chain expand and improve its stores. Terms of the deal weren’t disclosed. Earlier this week, The Wall Street Journal reported that Atlanta-based Roark was offering around...
From ketchup storage to data storage: Microsoft’s Pittsburgh team launches large-scale data storage system
In a North Shore building that once warehoused Heinz condiments, Microsoft engineers are building infrastructure that stores a precious commodity: data. The product today isn’t necessarily physical, like a ketchup bottle, but for big companies, having large-scale, high-performing data storage is “their livelihood,” according to Ron Bianchini, distinguished engineer at...
Have home prices bottomed? While low housing inventory stymies sales, bidding wars prop up prices
LOS ANGELES — The housing market remains in a deep sales slump, but the worst declines may be over when it comes to home prices. While home sales have fallen 22.3% through the first seven months of the year versus the same stretch in 2022, prices are being propped up...
Cleveland-Cliffs wants U.S. Steel to disclose other buyout proposals
Cleveland-Cliffs, the steelmaker attempting to acquire the historic Pittsburgh company U.S. Steel, wrote a letter demanding that U.S. Steel disclose any other buyout offers it has received. Last week, the United Steelworkers union (USW) said it would only back the Cleveland-based steel producer in acquiring U.S. Steel. The letter, dated...
Unionized UPS workers approve contract leaders agreed to in late July
The union representing 340,000 UPS workers said Tuesday that its members voted to approve the tentative contract agreement reached last month, putting a final seal on contentious labor negotiations that threatened to disrupt package deliveries for millions of businesses and households nationwide. The Teamsters said in a statement that 86%...
