Business category, Page 13
FAA delays flights for 3rd day as government shutdown continues
WASHINGTON — The Federal Aviation Administration delayed flights for a third straight day on Wednesday at airports including Reagan Washington National and Newark Liberty International Airport as the agency continued to face higher-than-normal staffing shortages. There were nearly 3,000 flight delays by 5:30 p.m. after 10,000 delays in total on...
U.S. postpones Wyoming coal lease sale after disappointing Montana auction
The Trump administration has postponed a scheduled sale of coal leases on federal lands in Wyoming two days after a disappointing auction in Montana, an Interior Department spokesperson said Wednesday. The Bureau of Land Management, a division of Interior that manages 245 million acres of federal lands, had been expected...
Dayton Freight shipping company to build depot off I-70 near Smithton
An Ohio-based freight company is moving into Westmoreland County and bringing at least 50 jobs with it. Dayton Freight finalized the purchase of 31.5 acres at the Interstate 70 Industrial Park in South Huntingdon, according to Westmoreland County Industrial Development Corp. officials. The company, through Stream’s Edge Properties, paid $1.7...
Erie Coke fined $700,000 in sentence that ends environmental case, divides courtroom
The environmental fraud prosecution of the Erie Coke Corp. ended with the neighbors upset and even the judge and the prosecutor saying they wish they could have done more. U.S. District Judge Susan Paradise Baxter adhered to Erie Coke’s plea agreement and fined the Buffalo-area corporation $700,000 on Oct. 7...
Air traffic control staffing hit for 2nd day, delaying flights
WASHINGTON — Air traffic control staffing issues are delaying flights for a second straight day at numerous U.S. airports as the government shutdown reaches its seventh day, the Federal Aviation Administration said in a notice on Tuesday. The FAA said many flights were being delayed at Nashville and Newark airports,...
Tenant future clouded as Walmart plans demolition of Monroeville Mall site
Rick Murray would like to help Walmart pitch its vision of a mixed-use development on the site of the Monroeville Mall, because he thinks it could someday be a real asset to the community. The problem is, despite being a mall tenant, he has no idea what the future of...
Tesla expected to unveil lower-cost Model Y in push to reignite sales
Tesla is expected to unveil on Tuesday a more affordable version of its best-selling Model Y SUV, as the electric vehicle maker seeks to reverse falling sales and waning market share amid rising global competition. Chief Executive Elon Musk for years has promised mass market vehicles, though last year he...
Pentagon’s Hegseth OKs U.S. Navy next-generation fighter, sources say
WASHINGTON — After months of delay, the Pentagon will select as soon as this week the defense company to design and build the Navy’s next stealth fighter, a U.S. official and two people familiar with the decision said, it will be a multibillion-dollar effort for a jet seen as central...
Walmart plans to demolish Monroeville Mall, according to state grant bid
For the first time since it purchased Monroeville Mall in February, Walmart has declared its intent for the 186-acre property. The mall is expected to be demolished and replaced with retail and public space, according to a state grant application Walmart submitted last month through limited-liability corporation South Saturn Ridge....
John Dorfman: Hormel, Amdocs hit the Casualty List
Stocks that have been banged up, and that I believe have underlying strengths, are some of my favorites. They are also fodder for my quarterly Casualty List. I’ve compiled this list since 2000, and it has beaten the Standard & Poor’s 500 Total Return Index by a decent margin. The...
Fire at Ford supplier set to disrupt business for months, WSJ reports
A fire that broke out at Novelis’ New York plant in Oswego will disrupt business at Ford and other automakers for months, the Wall Street Journal reported Monday. Ford, the biggest user of the plant’s aluminum, will likely flag potential implications of the setback to investors when it discloses quarterly...
‘We’re stretching’: As grocery prices continue to climb, shoppers redefine their staples
The sticker shock is real: Grocery prices’ month-over-month increase in August were the highest they’ve been in three years. And relief doesn’t appear to be on the horizon, according to one food economist. The reasons might sound familiar. “There’s been a convergence of factors: lingering supply-chain issues from covid, the...
Beaver County’s Shell plastics plant falling short on promises, report says
A new report found Shell’s petrochemical complex in western Pennsylvania has fallen far short of expectations. The Beaver County plant was once projected to bring in $1.5 billion a year, but its cost has exceeded more than double its original $6 billion estimate. Todd Leahy, North America regional director for...
7 Brew coffee house seeks to set up shop in Harrison
A mid-West coffee giant known for brewing 20,000 unique beverages might be settling into Harrison. Founded in Arkansas and famous through social media channels, 7 Brew is seeking preliminary approval for lot consolidation along Freeport Road. The company presented its plan Monday before the township’s planning commission, seeking the green...
Six surprise winners in this year’s stock market
The New York Lottery might lend its old slogan to the stock market: Hey, you never know. Several stocks have beaten the market this year that might surprise you. Take General Motors Corp. (GM) for instance. It’s up 19% this year through Sept. 26, even though U.S. car sales are...
Spirit Airlines to cut nearly 100 aircraft from its fleet, CFO says
NEW YORK — Spirit Airlines plans to shrink its fleet by nearly 100 aircraft and exit different U.S. markets as part of a sweeping restructuring under Chapter 11, CFO Scott Cramer said on Friday during a virtual meeting with creditors. The low-cost carrier, which he said currently operates 214 aircraft,...
FDA launches pilot program to fast-track review of domestically made generic drugs
The U.S. Food and Drug Administration has launched a new pilot program to speed up the review process for generic drugs that are tested and manufactured entirely in the United States, the regulator said on Friday. The program is designed to encourage companies to invest in domestic drug production and...
Nestle, others warn EU law delays are endangering forests worldwide
LONDON — Major agri-food companies including Nestle, Ferrero and Olam Agri have warned that European Union delays to its anti-deforestation law are endangering forests worldwide. The EU last month proposed delaying the launch of its anti-deforestation law for a second time, citing concerns about the readiness of information-technology systems needed...
Meijer eyes Cranberry for superstore, gas station
Midwestern grocery chain Meijer is eyeing Cranberry as it pushes into Western Pennsylvania. A proposed development would give Meijer a 159,000-square-foot supercenter in the township, according to Ron Henshaw, Cranberry’s director of planning and development services. The store would offer groceries, apparel, garden supplies, drive-through pharmacy service and curbside pickup,...
Experts see huge appetite for new supermarket chains in Western Pa. as Meijer, Wegmans move in
Western Pennsylvania shoppers will have their appetites for new grocery stores put to the test once supermarket chains Wegmans and Meijer arrive in the region. Experts believe customers have room to spare. “You still have one of the most acute shortages of supermarket chains anywhere in the continental United States...
U.S. private payrolls decline in September
WASHINGTON — U.S. private payrolls dropped in September, the ADP employment report showed on Wednesday. Private employment decreased by 32,000 jobs last month after a downwardly revised 3,000 decline in August, the ADP National Employment Report showed on Wednesday. Economists polled by Reuters had forecast private employment increasing 50,000 following a...
Flying out of Latrobe? Spirit Airlines swaps Fort Lauderdale for Orlando flights
Passengers flying on bankrupt Spirit Airlines out of Arnold Palmer Regional Airport near Latrobe will lose the twice-weekly service to Fort Lauderdale, Fla., in November but will gain two flights a week to Orlando, the airport’s chief officer said. The cutting and adding of service from Arnold Palmer Regional by...
White House withdraws E.J. Antoni’s nomination to lead BLS
WASHINGTON — The Trump administration has withdrawn its nomination of conservative economist E.J. Antoni as head of the Bureau of Labor Statistics, the White House said on Tuesday. President Donald Trump nominated Antoni last month to lead the bureau, which is part of the Department of Labor and produces statistics...
OpenAI launches new AI video app spun from copyrighted content
OpenAI is releasing an AI video-generating app called Sora that lets people create and share AI videos that can be spun from copyrighted content and shared to social media-like streams. Copyright owners, such as television and movie studios, must opt out of having their work appear in the video feed,...
Moderate U.S. job openings, weak hiring underscore softening labor market
WASHINGTON — U.S. job openings increased marginally in August while hiring declined, consistent with lackluster labor market conditions that could allow the Federal Reserve to cut interest rates again next month despite resilient consumer spending. Households are also growing pessimistic about the labor market. A survey from the Conference Board...
