Business category, Page 118

ATI had a strong finish in 2022 with fourth-quarter sales of $1 billion, company officials announced Thursday. It is an increase of more than 30% over the same time period in 2021. “We’re executing expertly against robust markets,” CEO Bob Wetherbee said in a release by the company, which moved...

The average long-term U.S. mortgage rate declined for the fourth week in a row, a sign of relative stability that could potentially open the door for some prospective homebuyers to get back in the market. Mortgage buyer Freddie Mac reported Thursday that the average on the benchmark 30-year rate fell...

U.S. applications for jobless aid fell again last week to their lowest level since April, further evidence that the job market has withstood aggressive rate hikes by the Federal Reserve as it attempts to cool the economy and bring down inflation. Applications for jobless aid in the U.S. for the...

Sheetz said it has ended its controversial policy that people with visible dental problems should not be hired. Dubbed the “smile policy,” the convenience store chain’s employee handbook previously stated that “applicants with obvious missing, broken, or badly discolored teeth (unrelated to a disability) are not qualified for employment with...

WASHINGTON — U.S. job openings rose to 11 million in December, delivering a setback to the Federal Reserve’s effort to cool a hot job market. Openings were up from 10.44 million in November and were the highest since July, according to data released Wednesday by the Labor Department. Economists had...

NEW YORK — Before the artificial intelligence tool ChatGPT was unleashed into the world, the novelist Robin Sloan was testing a similar AI writing assistant built by researchers at Google. It didn’t take long for Sloan, author of the bestseller “Mr. Penumbra’s 24-hour Bookstore,” to realize that the technology was...

Despite being surrounded by thousands of college students, Mad Mex in Oakland could not find enough employees to remain open. After nearly 30 years in business on the corner of Atwood and Bates Streets, the restaurant has closed. “I can’t tell you how many people have said to me, ‘There...

Here are some of the latest news items from this morning, Wednesday, Feb. 1, 2023: 3 Pittsburgh-area Bed Bath & Beyond stores closing Three Pittsburgh-area Bed Bath & Beyond stores are set to close, further reducing the home goods retailer’s footprint in the area, the retail chain announced this week....

Most economists predict a recession for the U.S. in 2023. No one is good at foretelling the future, but the recession threat may be one reason to consider adding some non-U.S. stocks to your portfolio. Here are five foreign stocks I currently like. All of them trade in the U.S.,...

The Pittsburgh region’s unemployment rate held steady in December at 4%, as more people are both looking for work and finding it, according to data released Tuesday by the state Department of Labor & Industry. It was the second consecutive month that the jobless rate in the seven-county area was...

Dutch health technology company Philips said it will lay off another 6,000 workers globally. The company, which has several locations Western Pennsylvania, said the move is an effort to restore profitability and improve product safety following a recall of respiratory devices, according to Reuters. Half of the job cuts will...

SEATTLE — Boeing bids farewell to an icon on Tuesday: It’s delivering its final 747 jumbo jet. Since its first flight in 1969, the giant yet graceful 747 has served as a cargo plane, a commercial aircraft capable of carrying nearly 500 passengers, a transport for NASA’s space shuttles, and...

American consumers are kicking off 2023 a bit less confident than they were at the end of last year as inflation and the possibility of a recession loom. The Conference Board reported Tuesday that its consumer confidence index slipped to a still-optimistic 107.1 in January, down from 109 in December....

NEW YORK — Exxon Mobil posted record annual profits in 2022 as Americans struggled with high prices for gasoline, home heating and consumer goods. The oil giant brought in $12.75 billion in profits in the fourth quarter, bringing annual net income to $55.7 billion. That exceeds Exxon’s previous record of...

DETROIT — The U.S. government’s road safety agency is investigating complaints that windshield trim panels can fly off of Ford Explorers while they’re traveling at highway speeds. The National Highway Traffic Safety Administration says it has 164 complaints about the trim pieces detaching on 2011 through 2019 Explorer SUVs. The...

The U.S. Justice Department has requested documents from Tesla Inc. related to its Autopilot and “Full Self-Driving” features, according to a regulatory filing. “To our knowledge no government agency in any ongoing investigation has concluded that any wrongdoing occurred,” Tesla said in the filing Tuesday with the Securities and Exchange...

Nearly a quarter of millennials (22%) are living with their parents, and more than half of those living with them (55%) made the move in 2022, according to a December survey from PropertyManagement.com. Many said they’re back home due to high rent, money concerns or job losses — and 9...

An aerial view of the former George Westinghouse Research and Technology Park in Churchill reveals a nod to the company’s early ties to the railroad industry. The corporate campus was designed to look like a locomotive. But workers at the now-empty Churchill site, which opened on 150 acres in the...

WASHINGTON — The outlook for the global economy is growing slightly brighter as China eases its zero-covid policies and the world shows surprising resilience in the face of high inflation, elevated interest rates and Russia’s ongoing war against Ukraine. That’s the view of the International Monetary Fund, which now expects...

The U.S. government has added new protections to the aviation notice system that led to thousands of disruptions earlier this month in an attempt to prevent such failures in the future, the Federal Aviation Administration told lawmakers. A federal manager must now be present anytime a contractor works with the...

NEW YORK — Stocks sank Monday as Wall Street prepped for a week full of potentially market-moving events, from decisions on interest rates around the world to earnings reports from the biggest U.S. companies. The S&P 500 dropped 1.3%, giving back some of the gains that had carried it last...