Business category, Page 95

Carnegie Mellon University has received approval from Pittsburgh’s Planning Commission to move forward with plans for a new robotics center at the Hazelwood Green site. The university is planning to build a 150,000-square-foot research building with a two-story enclosure for testing robots and drones, according to Bob Reppe, the school’s...

WESA’s flagship daily morning news show “The Confluence” will end next week, according to a statement from the station’s management. Pittsburgh Community Broadcasting President and CEO Terry O’Reilly announced Friday that the show would air for the last time Aug. 4. PCBC owns WESA-FM, the local NPR affiliate, and WYEP....

WASHINGTON — A measure of consumer prices that is closely monitored by the Federal Reserve fell last month to its lowest level since March 2021, the latest sign that inflation in the United States is steadily cooling from its once-painful highs. Prices rose just 3% in June from 12 months...

DEARBORN, Mich. — Ford is recalling more than 870,000 newer F-150 pickups in the U.S. because the electric parking brakes can turn on unexpectedly. The recall covers certain pickups from the 2021 through 2023 model years with single exhaust systems. Ford’s F-Series pickups are the top-selling vehicles in the U.S....

The site of the former Teddy’s restaurant along Route 30 in North Huntingdon is to be razed for an automated car wash, making it the fourth place to clean a vehicle in a two-mile stretch of the highway east and west of Irwin. Express Wash Concepts of Etna, Ohio, plans...

WASHINGTON — The powerful algorithms used by Facebook and Instagram to deliver content to users have increasingly been blamed for amplifying misinformation and political polarization. But a series of groundbreaking studies published Thursday suggest addressing these challenges is not as simple as tweaking the platforms’ software. The four research papers,...

NEW YORK — The Federal Reserve’s decision Wednesday to raise its benchmark rate for the 11th time, by a quarter-point, could once again send ripple effects across the economy. Mortgage rates, which have surged since the Fed began lifting rates in March 2022, may now rise further. So could rates...

A $62.5 million redevelopment project that will bring new apartments and townhouses to Pittsburgh’s Hill District is moving forward. The Bedford Dwellings project, approved this week by the city’s Planning Commission, is being led by the Housing Authority of the City of Pittsburgh and Pittsburgh-based Trek Development Group. Plans include...

SAN FRANCISCO — Elon Musk may want to send “tweet” back to the birds, but the ubiquitous term for posting on the site he now calls X is here to stay — at least for now. For one, the word is still plastered all over the site formerly known as...

NEW YORK — The squeeze is on for profits at big companies. After enjoying a strong run where they could keep raising prices to boost their profits, companies are now stuck in a vise. On one end, revenue is under pressure as the global economy remains fragile. On the other,...

You can’t teach genius. But you can learn a lot from observing geniuses at work. Here are a few nuggets of investment wisdom from seven master investors. John Neff The manager of the Windsor Fund for three decades, John Neff was a quintessential value investor. “To us, ugly stocks were...

Plans for a new apartment building in Pittsburgh’s Uptown received unanimous approval Tuesday from the city’s Planning Commission. The Standard on Fifth will be located on what is now a vacant site at Fifth Avenue and Moultrie Street. The four-story apartment building will house 51 apartments and include a fitness...

NEW YORK — The Federal Reserve’s expected move Wednesday to raise interest rates for the 11th time could once again send ripple effects across the economy. Mortgage rates, which have surged since the Fed began lifting rates in March 2022, could rise further. So could rates on credit cards and...

A drug development company is sinking its roots further into the region, moving its corporate headquarters to Lawrenceville after expanding its laboratory in the neighborhood. Predictive Oncology Inc., a publicly traded company that uses artificial intelligence and machine learning to accelerate oncology drug discovery, recently expanded its footprint to nearly...

An unexplained outage at Chase Bank led to interruptions for users of the Zelle payment network, who took to social media to complain. Zelle said on Twitter that its network is functioning normally and pointed a finger at Chase, saying the bank was experiencing trouble with payment processing. “The rest...

The Pittsburgh Mills mall in Frazer could go to sheriff’s sale this fall. According to court filings, a notice of sheriff’s sale for real estate that includes the mall property will be held at 9 a.m. Oct. 2 in the Allegheny County Courthouse. Filings indicate Pitt Galleria Reality LLC, Pitt...

A proposed development in Pittsburgh’s Upper Lawrenceville would revitalize an old fire house and include mixed-income housing and a dog park. Illinois-based Albion Residential is looking to develop a Butler Street property by bringing the former fire house into reuse and constructing a new 354,000-square-foot apartment complex at a site...

About 100 workers at the Humane Animal Rescue of Pittsburgh are seeking to unionize with the United Steelworkers union. It’s the latest in a series of efforts to organize workplaces in the region and nationally at a time when more workers are going on strike — or have been on...

NEW YORK — UPS has reached a contract agreement with its 340,000-person strong union Tuesday, averting a strike that had the potential to disrupt logistics nationwide for businesses and households alike. The agreement was announced after UPS and the Teamsters came back to the negotiating table Tuesday to talk over...

It’s rare for corporate brands to become so intertwined with everyday conversation that they become verbs. It’s rarer still for the owner of such a brand to announce plans to intentionally destroy it. On Sunday, in the middle of a quiet summer weekend, Elon Musk decreed that Twitter’s product name...

WASHINGTON — U.S. consumer confidence shot to the highest level in two years this month as inflationary pressures eased and the American economy continued to show resilience in the face of dramatically higher interest rates. The Conference Board, a business research group, said its consumer confidence index rose to 117...

SAN FRANCISCO — The Pulitzer Prize-winning Santa Barbara News-Press, one of California’s oldest newspapers, has ceased publishing after its owner declared the 150-year-old publication bankrupt. The newspaper became an online-only publication in April. But its last digital edition was posted Friday when owner Wendy McCaw filed for bankruptcy. Managing editor...

The lights have gone out in more office buildings in the Pittsburgh area, resulting in a new record high for vacancies in the region. It’s a continuing trend that’s throwing the local market out of whack as everyone figures out what a post-pandemic workplace should be. “With the office market...

WASHINGTON — The Internal Revenue Service said Monday it is ending its decades-old policy of making unannounced home and business visits, in an effort to help keep its workers safe and to combat scammers who pose as IRS agents. Effective immediately, revenue agents will no longer make unplanned visits to...

LONDON — Goodbye, Twitter. Hello, X. Elon Musk has unveiled a new “X” logo to replace Twitter’s famous blue bird as he follows through with a major rebranding of the social media platform he bought for $44 billion last year. The X started appearing at the top of the desktop...