Business category, Page 75
Apple Store employees in Maryland vote to authorize a first strike over working conditions
TOWSON, Md. — Workers at the first Apple Store to unionize have now also authorized a first strike against the tech giant’s retail operations. Apple Store workers in Towson, Maryland, voted late Saturday to authorize a strike, according to a statement from the International Association of Machinists and Aerospace Workers’...
Federal judge temporarily halts Biden plan to lower credit card late fees to $8
LOS ANGELES — A federal judge in Texas temporarily halted a plan by the Biden administration to lower late fees on credit cards to $8 that was slated to go into effect next week. The temporary nationwide injunction imposed by Judge Mark Pittman in the Northern District of Texas is...
Target to reduce number of stores carrying Pride-themed merchandise after last year’s backlash
NEW YORK — Target confirmed Friday that it won’t carry Pride Month merchandise at all stories this spring after the discount retailer experienced backlash and lower sales over its collection honoring LGBTQ+ communities. Target, which operates roughly 2,000 stores, said decisions about where to stock Pride-themed products, including adult apparel,...
Technology crushing human creativity? Apple’s new iPad ad has struck a nerve onlineVideo
NEW YORK — A newly released ad promoting Apple’s new iPad Pro has struck quite a nerve online. The ad, which was released by the tech giant Tuesday, shows a hydraulic press crushing just about every creative instrument artists and consumers have used over the years — from a piano...
Galley Group takes over Mindful Brewing Company in Castle Shannon
Mindful Brewing Company in Castle Shannon will soon have a new name: Chimera Brewing. Galley Group announced on Mindful Brewing’s Facebook page Friday that it is the new owner of the brewing company located on Library Road. The Facebook post garnered more than 370 likes and hearts within the first...
TikTok to start labeling AI-generated content as technology becomes more universal
TikTok will begin labeling content created using artificial intelligence when it’s been uploaded from outside its own platform in an attempt to combat misinformation. “AI enables incredible creative opportunities, but can confuse or mislead viewers if they don’t know content was AI-generated,” the company said in a prepared statement Thursday....
Amazon gives inside look of distribution warehouse in North VersaillesVideo
Walking into Amazon’s 140,000-square-foot distribution center in North Versailles on Thursday was a bit of a “full-circle” moment for Pennsylvania Lt. Gov. Austin Davis. “When I was growing up, we had the Eastland Mall here, which was a leader in its time,” said Davis, a native of nearby McKeesport. “It...
With production of the Chevy Malibu ending, long era ends for ol’ Detroit sedans
DETROIT — In another case of Detroit automakers surrendering car sales to foreign competition, General Motors Co. this fall will retire its last mainstream gas-powered sedan when production of the Chevrolet Malibu ends after nine generations. The Detroit automaker confirmed Wednesday it will stop producing the mid-size sedan in November...
John Dorfman: 5 low-debt stocks for the ‘higher for longer’ era
Jerome Powell, head of the Federal Reserve, made it official a few days ago. “Higher for longer” interest rates are the policy of the nation’s central bank, and that’s likely to last for at least several months. The cost of carrying debt is biting companies harder than it did in...
FTX will return money to most customers less than 2 years after catastrophic crypto collapse
FTX says that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded, and some will get more than that. FTX said in a court filing late Tuesday that it owes about $11.2 billion to its creditors. The exchange...
Disney receives key approval to expand Southern California theme parks
ANAHEIM, Calif. — Disney has received a key approval to expand its Southern California theme parks in its first push to make major changes to its iconic Disneyland in decades. The Anaheim City Council voted unanimously Tuesday to approve the plan to transform Disney’s 490-acre campus in densely-populated Southern California...
Panera to stop serving Charged Sips drinks after wrongful death lawsuits over caffeine content
Panera Bread said it’s discontinuing its Charged Sips drinks that were tied to at least two wrongful death lawsuits due to their high caffeine content. Panera didn’t say Tuesday whether the drinks were being discontinued because of the lawsuits or health concerns, and it wouldn’t comment on the timeline for...
Instacart partners with Uber Eats to offer restaurant deliveries
Grocery delivery company Instacart is partnering with Uber Eats to offer a new perk to its customers: restaurant delivery. San Francisco-based Instacart said Tuesday that its U.S. shoppers will see a “Restaurants” tab in the company’s app in the coming weeks. Restaurant orders will be delivered by Uber Eats drivers....
TikTok sues U.S. government, saying ban violates 1st Amendment
TikTok, the popular social video app, sued the U.S. government on Tuesday, saying the country’s new law that could ban the app violates First Amendment rights to free speech. President Biden last month signed into law a bill that would effectively ban the service in the U.S. if its Chinese...
Apple’s biggest announcements from its iPad event: brighter screen, faster chips and the Pencil ProVideo
CUPERTINO, Calif. — Apple on Tuesday unveiled its next generation of iPad Pros and Airs — models that will boast faster processors, new sizes and a new display system as part of the company’s first update to its tablet lineup in more than a year. The showcase at Apple’s headquarters...
Boeing 787 employees falsified inspection records; FAA opens probe
The Federal Aviation Administration said Monday it has opened a new investigation into a potential manufacturing quality lapse on Boeing’s 787 Dreamliner after Boeing admitted that inspection records on work at the wing-to-body join were falsified at the jet’s final assembly site in South Carolina. Boeing informed the FAA in...
Medicare and Social Security go-broke dates are pushed back in a ‘measure of good news’
WASHINGTON — The go-broke dates for Medicare and Social Security have been pushed back as an improving economy has contributed to changed projected depletion dates, according to the annual Social Security and Medicare trustees report Monday. Still, officials warn that policy changes are needed lest the programs become unable to...
All 5 rue21 stores in Western Pa. to close their doors after latest bankruptcy filing
Teen clothing retailer rue21, which is based in Warrendale, filed for bankruptcy last week and appears to be closing all of its stores. Employees at the Warrendale headquarters were seen Friday carrying boxes to their vehicles after being informed they were losing their jobs during a virtual meeting Thursday, TribLive...
Profit drops at Warren Buffett’s firm but thousands still want to hear from the investing guru
OMAHA, Neb. — Warren Buffett’s company reported a steep drop in earnings Saturday because the paper value of its investments fell, but the tens of thousands of shareholders filling an Omaha arena to hear Buffett answer questions at the annual meeting later can take heart that Berkshire Hathaway’s many businesses...
Democratic officials criticize Meta ad policy, saying it amplifies lies about 2020 election
ATLANTA — Several Democrats serving as their state’s top election officials have sent a letter to the parent company of Facebook, asking it to stop allowing ads that claim the 2020 presidential election was stolen. In the letter addressed to Meta CEO Mark Zuckerberg, the secretaries of state from Colorado,...
Nippon Steel delays closing of acquisition of U.S. Steel until late this year after U.S. DOJ request
TOKYO — Nippon Steel said Friday it has postponed the expected closing of its $14.1 billion takeover of U.S. Steel by three months after the U.S. Department of Justice requested more documentation related to the deal. Tokyo-based Nippon Steel Corp. said the deal, already approved by U.S. Steel’s shareholders, is...
U.S. loosens some electric vehicle battery rules, potentially making more EVs eligible for tax credits
DETROIT — The U.S. government has loosened some rules governing electric vehicle tax credits a bit, potentially making more EVs eligible for credits of up to $7,500. The Treasury Department announced final regulations for the credits under the 2022 Inflation Reduction Act on Friday, giving automakers more time to comply...
U.S. employers scaled back hiring in April but still added 175,000 jobs in the face of higher rates
WASHINGTON — The nation’s employers pulled back on their hiring in April but still added a decent 175,000 jobs in a sign that persistently high interest rates may be starting to slow the robust U.S. job market. Friday’s government report showed that last month’s hiring gain was down sharply from...
Penn State trustees advance proposed property sales involving Behrend, Harrisburg campuses
Property zoned for college housing at Penn State University’s Behrend campus near Erie may gain new life as a church, while a Penn State Harrisburg building could be going to that city’s school district. A panel of Penn State trustees endorsed both real estate divestitures Thursday as board members began...
Walmart recalls more than 8 tons of ground beef over E. coli fears
Food manufacturing giant Cargill has recalled more than eight tons of ground beef sold at Walmart stores over potential E. coli contamination. The manufacturer this week recalled ” approximately 16,243 pounds of raw ground beef products that may be contaminated with E. coli O157:H7,” according to a media release from...
