Business category, Page 115

Home Depot said Tuesday it’s investing $1 billion in wage increases for its U.S. and Canadian hourly workers. The Atlanta-based home improvement chain said every hourly employee will get a raise starting this month. Starting pay will be at least $15 per hour in all markets. Home Depot is one...

Last year, one of my family’s credit cards was used to rack up hundreds of dollars in bogus charges at Apple.com. Another card was compromised four times in a row, as thieves repeatedly charged merchandise and Uber rides. We ultimately got our money back, but repeated credit card fraud can...

On a hilltop in your town live two people. Joseph has an income of $400,000 a year but little savings. Francois has income of only $90,000 a year but $30 million in the bank. Who would you rather be? Any sane person would pick Francois. And yet, when they go...

In the wake of the train derailment in East Palestine, Ohio, and the controlled burn of hazardous chemicals following that, many people are concerned about the health and environmental impact of the incident. The Norfolk Southern train was carrying hazardous chemicals when it derailed on Feb. 3, causing a fire...

The piers that once supported the Wabash Bridge across the Monongahela River in Pittsburgh have been sold. What happens next to the huge, stone towers that rise about 45 feet above the river between Downtown and the South Side remains to be seen. The all-cash sale was through a third-party...

For some kids who suffer from brain trauma or spinal injury, one of the goals they may set for rehabilitation is being able to sit on the floor to play with their pet dog. The Zero G robot, a new supportive harness system for patients to practice walking, balance and...

Bryan Krazel and Mark Williamson have taken control of their destinies. They both started new businesses last year — joining about 5 million other U.S. entrepreneurs who did the same thing, according to the Commerce Institute, a website that curates small-business statistics. Krazel had worked as a veterinarian for 25...

A year ago, the nation’s college and university endowments shook off a pandemic-driven market slump to score impressive growth to support their schools’ academic missions. This time, in fiscal year 2022, the story was the same, say two organizations that closely monitor those funds — only the order was reversed,...

DoorDash said Thursday that it saw a record number of orders and active users in the fourth quarter as it expanded overseas and gained market share at home. The San Francisco-based delivery company said its monthly active users grew 28% to a record 34 million during the October-December period. DashPass...

NEW YORK — Wall Street tumbled Thursday, and stocks fell by the most in four weeks as a result of more evidence that high inflation is staying stickier than expected. The S&P 500 dropped 1.4% after a report said inflation at the wholesale level slowed by less last month than...

Susan Wojcicki, a longtime Google executive who played a key role in the company’s creation, is stepped down as YouTube’s CEO after spending the past nine years running the video site that has reshaped entertainment, culture and politics. In an email to YouTube employees that was shared publicly Thursday, the...

The average long-term U.S. mortgage rate jumped this week to its highest level in five weeks, bad news for home shoppers heading into the spring buying season. Mortgage buyer Freddie Mac reported Thursday that the average on the benchmark 30-year rate rose to 6.32% from 6.12% last week. The average...

Grantmakers of Western Pennsylvania has named a new executive director. Amber Farr will take the reins of the Downtown-based professional membership association. The organization, founded in 1985, includes about 90 foundations, grantmaking public charities and corporate giving programs that offer educational programs, professional development and networking opportunities. “Amber Farr brings...

Pittsburgh-based Evoqua Water Technologies is selling its carbon reactivation and slurry operations to a European company that specializes in industrial mobile filtration. The agreement with Desotec, headquartered in Belgium, includes the product line’s workforce and facilities in Darlington, Pennsylvania; Parker, Arizona; and Red Bluff, California. The deal, scheduled to close...

Like many business corridors over the past several years, RIDC O’Hara is reshuffling as it readjusts to the world shaped by covid-19. “We haven’t been immune to what everyone else is going through,” said Michael Connor, vice president of office services at Hanna Langholz Wilson Ellis. “There has been a...

Fewer Americans filed for jobless benefits last week despite efforts by the Federal Reserve to loosen the labor market with higher interest rates as it tries to cool the economy. Applications for jobless aid in the U.S. for the week ending Feb. 11 fell by 1,000 last week to 194,000,...

Several employees at a Tesla gigafactory in Buffalo, N.Y., have been fired after launching union organizing efforts two days ago, according to Tesla Workers United. The group said in a statement on Thursday that workers received an email around 7 p.m. Wednesday updating them on a new policy that prohibits...

Moderna said Wednesday it wouldn’t raise the price of its covid-19 vaccine after a public outcry. The about-face comes after the company was harshly criticized for planning to raise the cost of a vaccine dose about 400% — to the $110-to-$130 range. The company said the decision was made because...

McDonald’s McNuggets are going fowl-free. The Chicago-based fast food giant is introducing plant-based McNuggets next week. Germany will be the first market to get them. McPlant Nuggets — made from peas, corn and wheat with a tempura batter — are the second product McDonald’s has co-developed with Beyond Meat, an...

WASHINGTON — David Malpass is stepping down as president of the World Bank, nearly four years after former President Donald Trump nominated him to run the 189-nation agency. The anti-poverty lender said Wednesday that Malpass would be leaving by June 30. His five-year term was due to expire in April...

WASHINGTON — America’s consumers rebounded last month from a weak holiday shopping season by boosting their spending at stores and restaurants at the fastest pace in nearly two years, underscoring the economy’s resilience in the face of higher prices and multiple interest rate hikes by the Federal Reserve. The government...

Northwest Bank plans to relocate to 525 William Penn Place in Downtown Pittsburgh. The financial institution will move from 535 Smithfield St. this month. The long-term lease is for a 5,322-square-foot space on the 35th floor of the William Penn Place office building. “Our team is excited to relocate to...

NEW YORK — Several sharp reversals for stocks left Wall Street mixed on Tuesday after a report showed inflation is continuing to slow, but perhaps not as quickly or as smoothly as hoped. The S&P 500 finished the day virtually where it started, edging down by less than 0.1%, after...