Business category, Page 190
Amazon teams with Affirm to offer buy-now-pay-later option
Amazon is teaming with payments company Affirm to offer online shoppers a buy-now-pay-later option that does not involve credit cards. San Francisco-based Affirm Holdings Inc. announced Friday that its flexible payment service will soon be available on Amazon.com. The news sent Affirm’s stock up more than 35% in after-hours trading....
Hempfield casino seeks workers; to hold dealers’ school
The Live! Casino at Westmoreland Mall will hold two hiring fairs at its recruitment center next week, joining so many other employers in the region competing for workers. The casino in Hempfield will hold the hiring events from 10 a.m. to 1 p.m. and 3 to 6 p.m. Monday, across...
T-Mobile CEO ‘truly sorry’ for hack of 50M users’ data
BELLEVUE, Wash. — T-Mobile says it has notified nearly all of the millions of customers whose personal data was stolen and that it is “truly sorry” for the breach. CEO Mike Sievert said in a written statement Friday that the company spends lots of effort to try to stay ahead...
UPMC touts growing North Hills hospital hub, $12B in midyear revenue
UPMC executives boasted Thursday of “transforming” the health system’s North Hills footprint into a hub of innovative, high-demand health care services — such as robotic lung cancer detectors, more options for women and children, and a new mobile unit set to hit the streets next week. “We’ve added an extremely...
Apple loosens app store payment rules in lawsuit settlement
Apple has agreed to let developers of iPhone apps email their users about cheaper ways to pay for digital subscriptions and media by circumventing a commission system that generates billions of dollars annually for the iPhone maker. The concession announced late Thursday, which covers emailed notifications but does not allow...
NFL players experiment with ‘Guardian Caps’ to protect heads
CHARLOTTE, N.C. — For Carolina Panthers rookie offensive lineman Brady Christensen any chance to protect his brain is a no-brainer — even if he thinks he may look a little goofy doing so. That’s why Christensen is among a growing number of NFL players taking advantage of the new “Guardian...
Modest gains produce more record highs for S&P 500, Nasdaq
Stocks on Wall Street closed with modest gains Wednesday, driving the S&P 500 and Nasdaq to all-time highs for the second day in a row. Financial and energy companies led the way higher among stocks in the S&P 500. The benchmark index rose 0.2%, marking its fifth straight gain. A...
Delta will charge unvaccinated employees $200 per monthVideo
Delta Air Lines will charge employees on the company health plan $200 a month if they fail to get vaccinated against covid-19, a policy the airline’s top executive says is necessary because the average hospital stay for the virus costs the airline $40,000. CEO Ed Bastian said that all employees...
Modest gains nudge Nasdaq above 15,000 for 1st time
Wall Street delivered more milestones Tuesday after a modest pickup in stocks nudged the S&P 500 to an all-time high and the Nasdaq composite climbed above 15,000 for the first time. The benchmark S&P 500 index rose 0.2% after a relatively quiet day in the market. Banks and a mix...
Walmart to launch delivery service for other businesses
NEW YORK — Walmart said Tuesday it will start farming out its delivery service, using contract workers, autonomous vehicles and other means to transport rival retailers’ products directly to their customers’ homes as fast as just a few hours. The nation’s largest retailer said it will dispatch contract workers from...
Worker support grows for harsher vaccine stances from employers
As U.S. regulatory approval of Pfizer’s covid-19 shot paves the way for companies to get more aggressive with inoculations, American workers are increasingly supportive of punitive measures for unvaccinated colleagues. A survey released Tuesday by human-resources consultant Eagle Hill showed that 41% of workers polled agreed that non-vaccinated employees should...
Waymo expanding autonomous ride service to San Francisco
Waymo, the Google self-driving vehicle spinoff, is expanding its autonomous ride-hailing service to San Francisco. Selected “trusted tester” customers in the city by the bay will be able to hail a ride in self-driving Jaguar I-Pace electric vehicles, the company said. For now the vehicles will have human backup drivers...
John Dorfman: 5 stocks that look good based on cash flow
If you were invisible, the perfect industrial spy, you could lurk in a company’s headquarters and watch every dollar coming in and going out. That would give you an excellent fix on the company’s cash flow. And cash flow, many investors believe, is a great measure of a company’s health....
Stocks rise broadly; Pfizer gains after FDA approves vaccine
Stocks notched gains Monday on Wall Street, pushing the Nasdaq composite to an all-time high and helping the S&P 500 more than make up for its losses last week. The S&P 500 rose 0.9%, after spending much of the day within striking distance of notching its own record high. The...
GM extends recall to cover all Chevy Bolts due to fire risk
GRAND RAPIDS, Mich. — General Motors said Friday it is recalling all Chevrolet Bolt electric vehicles sold worldwide to fix a battery problem that could cause fires. The recall and others raise questions about lithium ion batteries, which now are used in nearly all electric vehicles. Ford, BMW and Hyundai...
Pennsylvania jobless rate down, payrolls up 29K in July
HARRISBURG — Pennsylvania’s unemployment rate dropped to a new post-pandemic low and the labor force shrank in July as payrolls jumped by nearly 29,000, according to state figures released Friday. Pennsylvania’s unemployment rate dropped three-tenths of a percentage point to 6.6% from June’s adjusted rate, the state Department of Labor...
MLB to end 70-year partnership with Topps trading cards
Major League Baseball is ending a 70-year relationship with trading card company Topps after signing a new partnership with a rival company. The loss of the MLB partnership immediately scuttled a deal announced earlier this year that would have made Topps a publicly traded company. The special-purpose acquisition company Mudrick...
Stocks open slightly higher, still headed for a weekly loss
Stocks were slightly higher in morning trading Friday, but the gains were not enough to erase the market’s losses from earlier in the week. The S&P 500 index was up 0.6% as of 10:10 a.m. Eastern. The Dow Jones Industrial Average was 0.6% higher as well while the Nasdaq composite...
Another choppy day on Wall Street ends with indexes mixedVideo
Wall Street closed out another choppy day of trading Thursday, leaving the major stock indexes on pace for a weekly loss. The S&P 500 managed a 0.1% gain after having been down 0.7% in the early going. The Nasdaq composite also recovered to eke out 0.1% gain, while the Dow...
OnlyFans website to ban ‘sexually explicit’ content
OnlyFans, a site where fans pay creators for their photos and videos, is planning to ban “sexually explicit” content. The ban will start Oct. 1 and is the result of requests from banking partners and companies that handle financial transactions, a spokesperson said. Still, nudity is OK if it’s “consistent”...
Toys R Us making a comeback via Macy’s online and in stores
Macy’s said Thursday it is partnering with WHP Global to bring the Toys R Us brand to its website and stores. Shoppers can buy Toys R Us products online now. Next year, Macy’s said it will have Toys R Us shops inside more than 400 of its stores. “As a...
U.S. jobless claims hit a pandemic low as hiring strengthens
WASHINGTON — The number of people seeking unemployment benefits fell last week for a fourth straight time to a pandemic low, the latest sign that America’s job market is rebounding from the pandemic recession as employers boost hiring to meet a surge in consumer demand. The Labor Department reported Thursday...
Blower fans sold at Home Depot, Amazon recalled after they overheat, start fires
Intertex has recalled blower fans after the capacitor in some of them overheated and started fires causing thousands of dollars in property damage. The B-Air VP-33 blower fans were sold at Home Depot and Menard’s and online at Amazon and Home Depot, according to the U.S. Consumer Product Safety Commission....
Disney World tweaks face mask policy, optional for outdoors
ORLANDO, Fla. — Walt Disney World is tweaking its face mask policy. Starting Thursday, the theme park resort in Florida will allow visitors to choose whether or not to wear face coverings in outdoor lines, outdoor theaters and outdoor attractions. Masks had been required previously. Face coverings will remain optional...
Pennsylvania casino revenues top record $423M in July
Pennsylvania casinos generated more than $423.6 million in July, the highest monthly revenue total to date, according to state regulators. That was nearly $35 million more revenue than what was reported in June, which totaled $388.8 million. It also is significantly higher than revenues reported in July 2020, which reached...
