Business category, Page 8
‘It’s all about giving back’: Macy’s partners with Gateway School District to provide winter gear
Giving back is something Macy’s is passionate about. Every March, the department store focuses on food insecurities in its communities. Locally, Macy’s in Monroeville Mall works with Best of the Batch Foundation and Big Brothers Big Sisters. “It’s something we’re passionate about. It’s in our DNA,” store manager Danielle Meehan...
ByHeart baby formula recalled amid infant botulism investigation
ByHeart, a next-generation baby nutrition company, has announced a voluntary recall of some batches of its powdered infant formula after federal authorities linked the product to an infant botulism outbreak. In separate statements on Saturday, the U.S. Food and Drug Administration and the Centers for Disease Control and Prevention said...
Duolingo’s stock plunges after company eases push for paid subscribers
Duolingo’s stock price plunged nearly 30% after the Pittsburgh-based language learning app said Wednesday it’s prioritizing getting users in the door over making them paying customers. Shares of Duolingo on the Nasdaq stock exchange tumbled to $183 Thursday from $260 a day earlier. By market close Friday, the price made...
Spirit Airlines reaches tentative cost-saving labor deals amid bankruptcy proceedings
Spirit Airlines said on Friday it has reached tentative deals with unions representing its pilots and flight attendants that would involve some contract concessions, as the carrier tries to rein in costs as part of its ongoing Chapter 11 restructuring process. The airline said its senior leadership team has also...
Trump finalizes U.S. Gulf oil lease sale, proposes Alaska waterway sale in 2026
WASHINGTON — The Trump administration will hold an auction for drilling oil and gas off the U.S. Gulf next month and has proposed another in a waterway in southern Alaska, it said on Friday. The lease sale in the U.S. Gulf of Mexico, which President Donald Trump refers to as...
So far, so good: Pittsburgh airport running smoothly, for now, as flight cuts take effect
Pittsburgh International Airport appeared to be running normally Friday as the Federal Aviation Administration began curtailing flights across the nation in response to the government shutdown. Jackie Ferguson, a customer assistance representative for American Airlines at the airport, said Pittsburgh might not be directly affected until the end of the...
Nippon Steel projects long-term success for U.S. Steel despite current challenges
U.S. Steel is facing significant challenges in its early days under Nippon Steel, according to financial reports released Wednesday, but the Japanese firm remains confident its nearly $15 billion purchase will pay off. Nippon cited weak domestic demand in the U.S., market uncertainty and costs from the deadly Clairton Coke...
PNC broadens branch expansion plan to more than 300 by 2030
PNC said Friday it will be opening more than 300 new branches by 2030, adding about 100 locations to its earlier plan as it looks to expand its in-person banking footprint. Even as digital banking and online payments have lowered the need for frequent branch visits, several U.S. lenders are...
U.S. judge rejects Capital One $425 million settlement with depositors
A federal judge rejected Capital One’s $425 million settlement with depositors who said they were cheated out of high interest rates, saying the payout was too small and millions of account holders would continue to be short-changed. The class action settlement was intended to resolve claims that Capital One froze...
U.S. consumer sentiment weakens in November as government shutdown drags on
WASHINGTON — U.S. consumer sentiment weakened to the lowest level in nearly 3½ years in early November amid worries about the economic fallout from the longest government shutdown in history, a survey showed on Friday. The University of Michigan’s Surveys of Consumers said its Consumer Sentiment Index fell to 50.3...
Elon Musk’s $1 trillion Tesla pay plan wins shareholder approval
SAN FRANCISCO — Tesla CEO Elon Musk won shareholder approval on Thursday for the largest corporate pay package in history as investors endorsed his vision of morphing the EV maker into an AI and robotics juggernaut. The proposal was approved with over 75% support, and Musk bounded to the stage...
More Outback Steakhouses expected to close in Bloomin’ Brands turnaround plan
The parent company of Outback Steakhouse is cooking up a turnaround strategy to improve its restaurants. As part of its turnaround plan, Bloomin’ Brands has closed nearly two dozen U.S. restaurants and has decided to not renew the leases of more than 20 additional U.S. restaurants, the company said in...
Private reports suggest U.S. labor market weakened in October
WASHINGTON — The U.S. economy shed jobs in October amid losses in the government and retail sectors, while cost-cutting and the adoption of artificial intelligence by businesses led to a surge in announced layoffs, data showed on Thursday. The reports, including an estimate from the Chicago Federal Reserve that the...
Trump expands U.S. critical minerals list to include copper, metallurgical coal
The Trump administration on Thursday unveiled a new list of critical minerals it deems essential to the U.S. economy and national security, adding copper, which is vital to electric vehicles, power grids, and data centers, as well as metallurgical coal, which is used to make coke. The Interior Department’s list...
U.S. judge approves DOJ decision to drop Boeing criminal case
WASHINGTON — A U.S. judge on Thursday approved a request by the Justice Department to dismiss a criminal case against Boeing in a deal that allowed the planemaker to avoid prosecution on a charge stemming from two fatal 737 MAX plane crashes that killed 346 people but harshly criticized the...
Texas seeks to block Kenvue dividend amid Tylenol lawsuit
Texas Attorney General Ken Paxton on Thursday asked a state judge to block Kenvue from paying a nearly $400 million shareholder dividend this month, after suing the drugmaker for allegedly concealing risks to children from the use of Tylenol by pregnant women. The Oct. 28 lawsuit against Kenvue and its...
U.S. airlines scramble to rework schedules as government orders flight cuts
U.S. airlines were scrambling on Thursday to rework schedules and fielding a flood of customer queries after the U.S. ordered flight cuts at some of the nation’s busiest airports, the latest travel disruption from the prolonged government shutdown. On Wednesday, Transportation Secretary Sean Duffy said he would order steep cuts...
Meta is earning a fortune on a deluge of fraudulent ads, internal documents show
Meta internally projected late last year that it would earn about 10% of its overall annual revenue – or $16 billion – from running advertising for scams and banned goods, internal company documents show. A cache of previously unreported documents reviewed by Reuters also shows that the social-media giant for...
Toyota recalling over a million U.S. vehicles over rear camera flaw
WASHINGTON — Toyota Motor said Wednesday it is recalling 1.02 million vehicles in the United States because of a flaw that may cause a rear-view camera to fail, boosting the risk of a crash. The recall covers certain 2022 through 2026 Toyota and Lexus model year vehicles — including Camry,...
Starbucks union says it plans to strike on Red Cup Day if contract not reached
Starbucks union members voted Wednesday to approve a strike across the United States on the coffee chain’s popular Red Cup Day next week unless a contract agreement is reached. In a statement, Starbucks Workers United announced the strike would begin next Thursday, the day Starbucks plans to celebrate its annual,...
Popular ice cream bars recalled in 31 states. The bars were shipped to Giant Eagle
The U.S. Food and Drug Administration has announced that a popular ice cream company is recalling some of its bars sold in 31 states. Dreyer’s Grand Ice Cream, based in Oakland, Calif., issued a voluntary recall of some Häagen-Dazs brand ice cream bars after an allergen was found, the FDA...
Musk the trillionaire? Debate over his Tesla pay package rages
NEW YORK — Elon Musk turned off many potential buyers of his Tesla cars and sent sales plunging with his foray into politics. But the stock has soared anyway and now he wants the company to pay him more — a lot more. Shareholders gathering Thursday for Tesla’s annual meeting...
Owners urged to park outside as Chrysler recalls 320,000 Jeeps for fire risk
WASHINGTON — Chrysler is recalling more than 320,000 Jeep plug-in hybrid vehicles because of a faulty battery that can fail and lead to a fire, U.S. traffic safety regulators said. Chrysler, which is owned by Netherlands-based Stellantis, is aware of 19 reports and 1 injury potentially related to the issue....
Pizza Hut’s parent company says it’s considering selling the chainVideo
Pizza Hut could soon be up for sale. Yum Brands, Pizza Hut’s parent company, said Tuesday it’s conducting a formal review of options for the brand, which has struggled to compete in a crowded pizza market. Yum CEO Chris Turner said Pizza Hut has many strengths, including a global footprint...
Apple to enter low-cost laptop market with budget Mac, Bloomberg News reports
Apple is preparing to launch a budget Mac in the first half of next year, entering the low-cost laptop market for the first time, Bloomberg News reported on Tuesday. The device, aimed to lure customers away from Google’s Chromebooks and entry-level Windows PCs, is made for students, businesses and casual...
