Business category, Page 107
Humane Animal Rescue of Pittsburgh workers seek to unionize
About 100 workers at the Humane Animal Rescue of Pittsburgh are seeking to unionize with the United Steelworkers union. It’s the latest in a series of efforts to organize workplaces in the region and nationally at a time when more workers are going on strike — or have been on...
UPS reaches contract with 340,000 unionized workers, averting potential strike
NEW YORK — UPS has reached a contract agreement with its 340,000-person strong union Tuesday, averting a strike that had the potential to disrupt logistics nationwide for businesses and households alike. The agreement was announced after UPS and the Teamsters came back to the negotiating table Tuesday to talk over...
Twitter turning into X is set to kill billions in brand value
It’s rare for corporate brands to become so intertwined with everyday conversation that they become verbs. It’s rarer still for the owner of such a brand to announce plans to intentionally destroy it. On Sunday, in the middle of a quiet summer weekend, Elon Musk decreed that Twitter’s product name...
U.S. consumer confidence jumps to a 2-year high as inflation eases
WASHINGTON — U.S. consumer confidence shot to the highest level in two years this month as inflationary pressures eased and the American economy continued to show resilience in the face of dramatically higher interest rates. The Conference Board, a business research group, said its consumer confidence index rose to 117...
Santa Barbara’s daily, one of California’s oldest, stops publishing after owner declares bankruptcy
SAN FRANCISCO — The Pulitzer Prize-winning Santa Barbara News-Press, one of California’s oldest newspapers, has ceased publishing after its owner declared the 150-year-old publication bankrupt. The newspaper became an online-only publication in April. But its last digital edition was posted Friday when owner Wendy McCaw filed for bankruptcy. Managing editor...
‘There’s a mismatch’: Office vacancies continue to climb in Pittsburgh region
The lights have gone out in more office buildings in the Pittsburgh area, resulting in a new record high for vacancies in the region. It’s a continuing trend that’s throwing the local market out of whack as everyone figures out what a post-pandemic workplace should be. “With the office market...
IRS is ending unannounced visits to taxpayers to protect worker safety and combat scammers
WASHINGTON — The Internal Revenue Service said Monday it is ending its decades-old policy of making unannounced home and business visits, in an effort to help keep its workers safe and to combat scammers who pose as IRS agents. Effective immediately, revenue agents will no longer make unplanned visits to...
Elon Musk reveals new X logo to replace Twitter’s blue bird
LONDON — Goodbye, Twitter. Hello, X. Elon Musk has unveiled a new “X” logo to replace Twitter’s famous blue bird as he follows through with a major rebranding of the social media platform he bought for $44 billion last year. The X started appearing at the top of the desktop...
A UPS strike could be just around the corner. Here’s what you need to know
NEW YORK — The clock is ticking. As the deadline to reach a new contract nears, a potential UPS strike feels closer than ever. Negotiations broke down earlier this month and unionized workers have been holding rallies and practice pickets across the country. The Teamsters, which represent more than half...
Musk says Twitter to change logo to X from the bird. Changes could come as early as Monday.
NEW YORK — Elon Musk said Sunday that he plans to change the logo of Twitter to an “X” from the famous blue bird, marking what would be the latest big change since he bought the social media platform for $44 billion last year. In a series of posts on...
Beaver County communities to receive $5 million from Shell cracker settlement
Beaver County will receive $5 million as part of a settlement over air quality violations at Shell Chemical Appalachia’s cracker plant to use for community projects. The funding is due to a consent order announced in May in which Shell Chemicals Appalachia agreed to pay nearly $10 million for air...
Amazon palm-payment technology expanding to all Whole Foods Markets nationwide
Amazon One is already in use at more than 200 Whole Foods Markets in the United States. By the end of the year, Amazon said the palm payment technology will be available at all Whole Foods locations nationwide — more than 500 stores. In the Pittsburgh region, Whole Foods Markets...
Wall Street heads for another winning week as stocks steady
NEW YORK — Wall Street is steadying Friday and clawing back some of its tech-driven losses from a day before, keeping it on track for another winning week. The S&P 500 was 0.2% higher in early trading and on pace for its eighth winning week in the last 10. The...
UPMC appoints physician to senior vice president role
UPMC has named Dr. Oscar Marroquin as senior vice president, UPMC, and president of UPMC Physician Services Division, including president of University of Pittsburgh Physicians. He will oversee UPP and Community Medicine, which includes more than 5,000 employed physicians and staff. Marroquin is currently UPMC’s chief health care data and...
Medical marijuana company to close Pennsylvania operations, laying off 76
A medical marijuana company, Goodblend Pennsylvania LLC, is closing its operations in the state, affecting 76 jobs. The company has a facility on Beaver Avenue in Pittsburgh’s Chateau neighborhood, which is expected to shutter by Sept. 15. It also has dispensaries along Baum Boulevard in Friendship and one in Erie,...
Your paycheck could clear faster now that the FedNow instant payment service for banks has launched
NEW YORK — The Federal Reserve launched a new instant payment service Thursday. FedNow allows banks and credit unions to sign up to send real-time payments so they can offer customers a quicker way to send money between banks. FedNow, which was first announced in 2019, published a list of...
U.S. jobless claims fall again as labor market continues to flash strength
Fewer Americans applied for unemployment benefits last week with the labor market continuing to cruise along despite higher interest rates intended to cool hiring. U.S. applications for jobless claims fell by 9,000 to 228,000 for the week ending July 15, from 237,000 previous week, the Labor Department reported Thursday. The...
Tesla recalling nearly 16,000 of its 2021-2023 Model S and Model X vehicles due to seat belt issue
Tesla is recalling nearly 16,000 of its 2021-2023 Model S and Model X vehicles because some front-row seat belts may not have been reconnected properly after being repaired. Tesla said in its safety recall report that in the vehicles, a first-row seat belt was disconnected from its pretensioner anchor as...
Netflix’s subscriber growth surges in a sign that crackdown on password sharing is paying off
SAN FRANCISCO — Netflix enjoyed its biggest springtime spurt in subscribers since the early days of the pandemic three years ago, providing the latest sign that a recent crackdown on password sharing and the rollout of a cheaper subscription option are paying off. The video streaming service added 5.9 million...
Pittsburgh International to get additional flights to California, Florida
The expansion of flights at Pittsburgh International Airport continues as the airport announced two sets of expanded service this week. United Airlines is adding another daily round-trip flight from Pittsburgh to San Francisco International Airport starting Aug. 1, according to a release. The flight will provide daytime flight service between...
Acting labor secretary explains Pittsburgh’s ‘workforce hub’ designation
Pittsburgh was designated a “workforce hub” by the White House in May because of its success in innovation, growth in advanced manufacturing like robotics and increase in the clean energy sector. The designation was recently touted by First Lady Jill Biden, who visited the Pittsburgh International Airport on Tuesday. Five...
Report: Rising gambling revenue for June closes out record haul for fiscal year
June proved to be another lucrative month for Pennsylvania’s gambling joints. Last month, the combined total revenue generated from all forms of gaming clocked in at nearly $440.5 million, a 13% increase compared to June 2022, according to the Pennsylvania Gaming Control Board. Still, it was a drop compared to...
Taylor Swift’s shows in Pittsburgh generated $46M, agency says
Taylor Swift’s two Pittsburgh concerts generated $46 million in direct spending, according to tourism agency Visit Pittsburgh. The megastar singer brought record-setting crowds to Acrisure Stadium for her Eras Tour in June. About 83% of ticketholders came from outside of Allegheny County and packed the region’s hotels. According to Visit...
How to pay for an expensive summer move
Packing your things and moving to a new home is a financial hurdle even in the best of times, but higher demand for moving-related services in the summer can send prices skyrocketing. If you’re wondering how to pay for an upcoming move, there are financing options, including credit cards and...
Up in the air: The cost of auto repair, insurance climbing
Following suit with rising costs and inflation, the costs of automobile ownership, insurance and necessary repairs have soared in recent years and are expected to continue. Frank Ferra, president of Ferra’s Automotive Services in Sharpsburg, says expenses including wages, rent, taxes, equipment and insurance, along with the costs for parts,...
