Business category, Page 54
One Oxford Centre acquired for $92M less than 2016 sales price
Rugby Realty President Aaron Stauber started his Tuesday morning with 45 minutes of swimming at the Rivers Club in One Oxford Centre. “I was at work and in my office by 9:15 a.m.,” Stauber said. He’s part of the group that now owns the 1-million-square-foot, 45-story, aluminum and glass tower...
Canada incoming PM says he’ll keep tariffs in place until U.S. shows respect and commits to free trade
TORONTO — Incoming Canadian Prime Minister Mark Carney said Tuesday that his government will keep tariffs in place until Americans show respect and commit to free trade after U.S. President Donald Trump threatened historic financial devastation for Canada. Carney, who will be sworn in as Justin Trudeau’s replacement in the...
Wall Street falls in a manic day after briefly dropping more than 10% below its recordVideo
NEW YORK — The U.S.stock market fell further Tuesday as a result President Donald Trump’s latest escalation in his trade war, briefly pulling Wall Street 10% below its record set last month. And like it’s been most of the past few weeks, the market’s slide on Tuesday was erratic and...
United Steelworkers vote down ATI contract
ATI and United Steelworkers are still without a contract. A tentative agreement was reached Feb. 28, just hours before the most recent contract was set to expire. But it failed to pass a union vote Monday. ATI spokeswoman Natalie Gillespie said company leadership is disappointed the union vote was unsuccessful....
U.S. job openings rose to 7.7 million in January, a sign the job market remains sturdy
U.S. job openings rose at the start of the year, another sign the job market was solid when President Donald Trump returned to the White House. U.S. employers posted 7.7 million vacancies in January, the Labor Department reported Tuesday, up from 7.5 million. The outlook for the labor market is...
Trump has begun another trade war. Here’s a timeline of how we got here
NEW YORK — Long-threatened tariffs from U.S. President Donald Trump have plunged the country into a trade war abroad — all while on-again, off-again new levies continue to escalate uncertainty. Since taking office less than two months ago, Trump has rolled out hefty import taxes on goods coming from America’s...
Southwest Airlines breaks with another tradition and checked bags will cost you now
Southwest Airlines said Tuesday that it will begin charging customers a fee to check bags, abandoning a decades-long practice that executives had described last fall as key to differentiating the budget carrier from its rivals. Southwest, which built years of advertising campaigns around its policy of letting passengers check up...
Trump’s efforts to help Tesla could hurt it instead
Donald Trump’s support for Elon Musk’s car company could end up hurting it. Tesla investors cheered Tuesday as Trump came to the defense of Musk’s beleaguered and boycotted carmaker by lavishing the Tesla CEO with praise in a press conference as five Teslas lined up in the White House driveway....
Kentucky bourbon makers fear becoming ‘collateral damage’ in Trump’s trade war
LOUISVILLE, Ky. — With a new distillery set to open soon, the makers of Brough Brothers bourbon in Kentucky were ready to put their business plan into action. They were looking to ramp up whiskey production to break into lucrative new markets in Canada and Europe. Now the on-again, off-again...
Money Matters: How to roll over an old 401(k)
Old 401(k)s are a little like the old clothes in the back of your closet. You know you should do something about them, but there they sit, mostly out of sight and mind. And so it is with your old 401(k). If deciding what to do with an old (k)...
Stocks’ sell-off worsens as Wall Street wonders how much pain Trump will accept for the economy
NEW YORK — The stock market’s sell-off cut deeper on Monday as Wall Street questioned how much pain President Donald Trump will let the economy endure through tariffs and other policies in order to get what he wants. The S&P 500 dropped 2.7% to drag it close to 9% below...
Trump not ruling out recession as he downplays business concerns amid tariff uncertainty
WEST PALM BEACH, Fla. — President Donald Trump is dismissing business concerns over the uncertainty caused by his planned tariffs on a range of American trading partners and the prospect of higher prices, and isn’t ruling out the possibility of a recession this year. After imposing and then quickly pausing...
Commerce Secretary Howard Lutnick says Trump sticking to U.S. aluminum-steel tariff timelineVideo
Commerce Secretary Howard Lutnick signaled he doesn’t expect a reprieve on 25% tariffs for steel and aluminum imports scheduled to take effect on Wednesday. The levies, ordered by President Donald Trump in February, include imports from Canada and Mexico — which are among the top foreign suppliers — and apply...
Facing competition from Big Tech, states dangle incentives and loosen laws to attract power plants
HARRISBURG — Facing projections of spiking energy demand, U.S. states are pressing for ways to build new power plants faster as policymakers increasingly worry about protecting their residents and economies from rising electric bills, power outages and other consequences of falling behind Big Tech in a race for electricity. Some...
Deluzio urges fellow Democrats to rethink stance on tariffs
A Democratic congressman from Western Pennsylvania has found some common ground — albeit, a small patch of it — with Republican President Donald Trump on the issue of tariffs. In an op-ed published Friday in The New York Times, U.S. Rep. Chris Deluzio, D-Fox Chapel, said members of his party...
Amazon to install automated vehicle inspection device at Aleppo Township Industrial Park
Amazon wants to add an automated vehicle inspection facility on its property in Aleppo Township Industrial Park. Company spokesman Sam Fisher on Feb. 26 said he did not have any township-specific information but shared a report with an overall look at the devices. The machine uses a series of plates...
U.S. employers add a solid 151,000 jobs last month though unemployment up to 4.1%
WASHINGTON — U.S. employers added solid 151,000 jobs last month, but the outlook is cloudy as President Donald threatens a trade war, purges the federal workforce and promises to deport millions of immigrants. The Labor Department reported Friday that hiring was up from a revised 125,000 in January. The unemployment...
Trump’s erratic trade policies are baffling businesses, threatening investment and economic growth
WASHINGTON — Marc Rosenberg, founder and CEO of The Edge Desk in Deerfield, Illinois is getting ready to introduce a fancy ergonomic chair designed to reduce customers’ back pain and boost their productivity. He figures the most expensive one will sell for more than $1,000. But he can’t settle on...
Walgreens agrees to be acquired by private equity firm for almost $10 billion
NEW YORK — Walgreens Boots Alliance says it has agreed to be acquired by private equity firm Sycamore Partners as the struggling retailer looks to turn itself around after years of losing money. Walgreens said Thursday that Sycamore will pay $11.45 per share, giving the deal an equity value just...
‘This is to keep all of us safe’: Officials urge travelers to get Real ID before deadline
The countdown is on: In just two months, U.S. travelers will need a gold star on their driver’s license to fly domestically — the symbol of a Real ID. Starting on May 7, anyone 18 years of age or older will need a Real ID or another acceptable form of...
Allegheny County touts ‘competent and compassionate’ government for job prospects
Allegheny County’s portal to entice federal employees to explore their options with the county launched Thursday. A similar portal was also created by Pennsylvania Gov. Josh Shapiro. The idea is to provide a soft landing for any of the 16,000 federal employees in the Pittsburgh region who may lose their...
The number of Americans filing for jobless benefits falls as labor market remains sturdy
Applications for U.S. jobless benefits fell last week as the labor market remains sturdy ahead of an expected purge of federal government employees. The number of Americans filing for jobless benefits fell by 21,000 to 221,000 for the week ending March 1, the Labor Department said Thursday. That’s significantly fewer...
Mortgage rates have declined but could stay at a level that makes it tough to afford a home
LOS ANGELES — Mortgage rates have been mostly declining in recent weeks, helping encourage prospective home shoppers just as the spring homebuying season gets going. But the same factors that have pulled mortgage rates to their lowest level since December — signs that the U.S. economy is slowing and uncertainty...
The U.S. penny costs nearly 4 cents to make. But for 1 sector of souvenir sellers, it’s a living
NEW YORK — President Donald Trump talks of big change in his second term of office. But he’s not forgetting small change, either. Trump ordered the Treasury Department to stop making pennies with a Feb. 10 sentence on his social media account that followed years of conservatives pointing out that...
Cracker plant in Beaver County could be sold as Shell looks to offload chemical assets
Shell is considering a sale of its chemical assets in the U.S. and Europe, including the cracker plant in Beaver County. The Wall Street Journal, citing sources familiar with the matter, has reported one of the world’s largest oil and gas companies could offload its less-profitable chemicals division as part...
