Business category, Page 13

A Southwest Airlines Co. passenger flight in April came within 400 feet of slamming into the ocean off the coast of Hawaii after weather conditions forced pilots to bypass a landing attempt. The Boeing Co. 737 Max 8 jet briefly dropped at an abnormally high rate of more than 4,000...

REDMOND, Wash. — New laptops equipped with Microsoft Windows start shipping to customers next week without a flagship feature called Recall that drew concerns about privacy and cybersecurity. Microsoft CEO Satya Nadella touted the new Recall feature at a showcase event last month, describing it as a step toward artificial...

Lou Koprivnikar launched his career at ATI 36 years ago when everything was hands-on. Employees would load 43-ton metal coils by crane and affix labels on specialty metals fresh out of a 2,250-degree furnace. Today, operations are fully automated inside the Hot Rolling and Processing Facility (HRPF), a $1.2 billion...

NEW YORK — Gamestop’s highly-anticipated shareholder meeting ran into a technical problem Thursday — resulting in many eager investors being unable to log on to the livestream. A spokesperson for Computershare, the company hosting the webcast, confirmed that “unprecedented demand” from shareholders looking to access the meeting led to a...

The number of Americans filing for jobless benefits jumped to the highest level in 10 months last week, a sign that the labor market is likely cooling under the weight of high interest rates. Unemployment benefit applications for the week ending June 8 rose by 13,000 to 242,000, up from...

SAN FRANCISCO — Elon Musk has dropped his lawsuit against OpenAI just ahead of a scheduled Wednesday hearing on the case. Musk in February sued the San Francisco artificial intelligence company and its CEO Sam Altman over what he said was a betrayal of the ChatGPT maker’s founding aims of...

DETROIT — Just before 2 a.m. on a chilly April night in Seattle, a Chevrolet Silverado pickup stopped at an electric vehicle charging station on the edge of a shopping center parking lot. Two men, one with a light strapped to his head, got out. A security camera recorded them...

WASHINGTON — When disinformation researcher Wen-Ping Liu looked into China’s efforts to influence Taiwan’s recent election using fake social media accounts, something unusual stood out about the most successful profiles. They were female, or at least that’s what they appeared to be. Fake profiles that claimed to be women got...

BNY Mellon, a global financial firm with ties to Pittsburgh, is rebranding and losing the “Mellon” part of its logo. The New York-based bank announced Tuesday it is updating its logo and simplifying its company umbrella brand to BNY, according to a press release. It may seem like an erasure...

NEW YORK — Gas prices are once again on the decline across the country, bringing some relief to drivers now paying a little less to fill up their tanks. The national average for gas prices on Monday stood around $3.44, according to AAA. That’s down about 9 cents from a...

DETROIT — If Tesla shareholders vote against restoring Elon Musk’s $44.9 billion pay package Thursday, the CEO could deliver on threats to take artificial intelligence research to one of this other companies. Or he could even could walk away. If they approve the all-stock compensation package that was thrown out...

CUPERTINO, Calif. — Apple has jumped into the race to bring generative artificial intelligence to the masses, spotlighting a slew of features Monday designed to soup up the iPhone, iPad and Mac. And in a move befitting a company known for its marketing prowess, the AI technology coming as part...

WASHINGTON — A closely watched Alzheimer’s drug from Eli Lilly won the backing of federal health advisers on Monday, setting the stage for the treatment’s expected approval for people with mild dementia caused by the brain-robbing disease. A panel of Food and Drug Administration advisers voted unanimously that the drug’s...

Stellantis-owned Chrysler is recalling more than 211,000 SUVs and pickup trucks in the U.S., due to a software malfunction that could disable the cars’ electronic stability control systems. The recall covers certain model year 2022 Dodge Durango, Ram 2500 and Ram 3500 vehicles. According to documents published by the National...

Two qualities of outstanding companies are high profitability and low debt. Let’s look at a handful of companies that can boast both. Among the largest 2,000 U.S. companies, about 27% have high profitability, as gauged by a return on stockholders’ equity of 20% or more. About 15% of companies have...

NEW YORK — Seriously overdue credit card debt is at the highest level in more than a decade, and people 35 and under are struggling more than other age groups to pay their bills. The share of credit card debt that’s severely delinquent, defined as being more than 90 days...

NEW YORK — Kia America is recalling nearly 463,000 Telluride SUVs — and urging owners to park their cars outside and away from other structures until an issue posing a fire hazard is fixed. The front power seat motor on the affected Tellurides from the 2020-2024 model years might overheat...

WASHINGTON — America’s employers added a strong 272,000 jobs in May, accelerating from April and a sign that companies are still confident enough in the economy to keep hiring despite persistently high interest rates. Last month’s sizable job gain suggests that the economy is still growing steadily, propelled by consumer...

NEW YORK — They are called zombies, companies so laden with debt that they are just stumbling by on the brink of survival, barely able to pay even the interest on their loans and often just a bad business hit away from dying off for good. An Associated Press analysis...

This story first appeared in How We Care, a weekly newsletter by Spotlight PA featuring original reporting and perspectives on how we care for one another at all stages of life. Alana Griffin was employed and on maternity leave when she and her infant son moved into a Tampa, Florida,...

FRANKFORT, Ky. — Electric vehicles have built up enough momentum from job growth and investments to steer past any roadblocks from Donald Trump and other critics, Kentucky Gov. Andy Beshear said Thursday. The Democratic governor said the thousands of EV-related jobs springing up across the country, including in rural GOP...

NEW YORK — The arrest of an executive at The Epoch Times in a money-laundering scheme this week has drawn attention to a media outlet that has lived largely in the shadows since its founding in 2000 and a transformation during the Trump administration. Federal prosecutors in New York charged...

NEW YORK — Walmart is offering new perks for its hourly U.S. workers, ranging from a new bonus plan to opportunities to move into skilled trade jobs within the company. The perks program announced Wednesday comes as the nation’s largest private employer says it’s seeing a decline in worker turnover....