Business category, Page 4
Quarterly profit slide at Target hints at a challenging holiday season for the retailer
NEW YORK — Target’s third-quarter profit tumbled as the retailer struggles to lure shoppers that are being pressed by stubbornly high inflation. The Minneapolis company said Wednesday that it expects its sales slump to extend through the critical holiday shopping season. The company also announced that it’s planning to invest...
Millvale’s Small Business Saturday event offers chance to discover ‘eclectic’ businesses
Since American Express started Small Business Saturday in 2010, Black Friday has typically been associated with hitting the malls and big-box retailers for after-Thanksgiving deals, while that Saturday is the day to support local businesses. But for Alec Munson, owner of B-Sides Vintage in Millvale since 2020, Black Friday had...
Roblox to scan users’ faces to verify age amid persistent child safety concerns
Roblox, a popular gaming platform that’s faced growing scrutiny over child safety concerns, said Tuesday it will require users to verify their age if they want to chat with other players. To do so, people will provide an ID or take a selfie through the Roblox app to prove they’re...
Bipartisan bill aims to pay air traffic controllers during future shutdowns
The flight disruptions during the record government shutdown that ended last week inspired a rare act of bipartisanship in Washington on Tuesday, when congressional representatives from both parties introduced legislation that would allow air traffic controllers to get paid during future shutdowns. The bill proposes funding salaries, operating expenses and...
Energy Department loans $1B to help finance the restart of nuclear reactor on Three Mile Island
HARRISBURG — The U.S. Department of Energy said Tuesday that it will loan $1 billion to help finance the restart of the nuclear power plant on Pennsylvania’s Three Mile Island that is under contract to supply power to data centers for tech giant Microsoft. The loan is in line with...
Honda recalls 256,600 vehicles because of software error that may lead to loss of drive power
NEW YORK — Honda is recalling more than 256,600 of its Accord Hybrid vehicles across the U.S., because of a software error that may result in sudden loss of drive power. According to documents published by the National Highway Traffic Safety Administration, the recall covers certain Honda Accord Hybrids between...
John Dorfman: 5 dividend aristocrats I recommend now
Should you go aristocratic? A dividend aristocrat is a company that has raised its dividend every year for the past 25 years. At the moment, there are 68 of them. These companies are obviously, in a sense, elite. They have demonstrated staying power and a willingness to share the wealth...
Meta prevails in historic FTC antitrust case, won’t have to break off WhatsApp, Instagram
SAN FRANCISCO — Meta has prevailed over an existential challenge to its business that could have forced the tech giant to spin off Instagram and WhatsApp after a judge ruled that the company does not hold a monopoly in social networking. U.S. District Judge James Boasberg issued his ruling Tuesday...
Allegiant pilots picket for higher pay outside new Pittsburgh airport terminal
Allegiant Air pilots picketing outside the new Pittsburgh International Airport terminal said they’re fed up with sluggish union contract talks and pay well below industry standards. Jumping to another carrier, including other budget airlines like Spirit or Southwest, could bring more than double the hourly pay, they said. “All we’re...
Judge approves opioid settlement for Purdue Pharma and Sackler family members who own the company
A federal bankruptcy court judge on Tuesday formally approved OxyContin maker Purdue Pharma’s plan to settle thousands of lawsuits over the harms of opioids. U.S. Bankruptcy Judge Sean Lane was set to give his reasoning Tuesday for approving the plan, which requires members of the Sackler family who own the...
Cloudflare outage disrupts ChatGPT, X, other internet services
A widely used Internet infrastructure company said that it has largely resolved an issue that led to outages impacting users of everything from ChatGPT and the online game, “League of Legends,” to the New Jersey Transit system to even TribLive’s own site early Tuesday. At 10:40 a.m., Cloudflare said its...
Expert says 50-year mortgage proposal would be a ‘generational debt’ trap
To address mounting concerns about housing affordability, President Donald Trump recently floated the prospect of a 50-year mortgage, days after several key election contests that centered on cost-of-living issues. “All it means is you pay less per month,” Trump said in an interview last week. Yet the president’s idea is...
Three Dog Bakery in Sewickley offers treats and more for furry friends
The door opens and in walks Bentley. He goes directly behind the counter … and waits. “Bentley knows where the treats are,” said Lee Ann Carey, owner of Three Dog Bakery in Sewickley. “Dogs will be on the sidewalk a few stores away and they just know where this shop...
Trump hails McDonald’s Extra Value Meals in affordability pitch
WASHINGTON — President Donald Trump argued his administration was making process on lowering prices as he faces new political headwinds, pushing back on criticism from Democrats who blame his tariffs for high costs. Trump touted economic policies he said have drawn trillions in new investments to fuel private-sector job growth...
Aficionados fret as Trump moves to make pasta great againVideo
PHILADELPHIA — Steel: 50%. Copper: 50%. Cars: up to 25%. But an even bigger Trump-era levy looms: 107 % on Italian pasta. Mamma mia. It started with the U.S. Commerce Department launching what it says was a routine antidumping review, based on allegations Italian pasta makers sold product into the...
New analysis shows more U.S. consumers are falling behind on their utility bills
WASHINGTON — More people are falling behind on paying their bills to keep on the lights and heat their homes, according to a new analysis of consumer data — a warning sign for the U.S. economy and another political headache for President Donald Trump. Past due balances to utility companies...
Striking Post-Gazette workers send company return-to-work offer
Pittsburgh Post-Gazette strikers on Monday offered to return to work — a move that could signal the end of their lengthy strike. The strikers offered to return to work on Nov. 24 at the Post-Gazette’s North Shore office, the Newspaper Guild of Pittsburgh said. Their return-to-work offer asked the company...
Ford Motor shows off new high-tech HQ
DEARBORN, Mich. — Ford Motor Co.’s new headquarters, the carmaker’s first central office switch since Dwight Eisenhower was president, is double the size of its old one with room for twice as many employees. The new HQ has seven restaurants as part of a 160,000-square-foot (14,864 square-meter) food hall, office...
Are buy now, pay later options worth it? Western Pa. weighs in
It’s hard to miss the buy now, pay later options becoming more common on the checkout pages of online stores, both large retailers like Amazon and Walmart, and small local businesses. Buy now, pay later is exactly what it sounds like. Similar to layaway programs, buy now, pay later sites...
Disney reaches new deal with YouTube TV, ending dayslong blackout for customers
Disney and YouTube TV reached a new deal to bring channels like ABC and ESPN back to the Google-owned live streaming platform Friday, ending a blackout for customers that dragged on for about two weeks. “As part of the new deal, Disney’s full suite of networks and stations — including...
Aldi to open next week in Pittsburgh’s Banksville neighborhood
A new Aldi grocery store will open in Pittsburgh’s Banksville neighborhood next week. It’s located at a site that formerly housed a Staples on Banksville Road, near the intersection with Wenzell Avenue and Carnahan Road. The area’s newest Aldi will launch with a grand opening on Thursday at 8:45 a.m....
Switzerland to boost U.S. investment as deal struck to lower U.S. tariffs on Swiss goods to 15%
GENEVA — Switzerland announced plans on Friday to invest $200 billion in the United States through 2028 as it finalized a hard-wrought deal to slash U.S. tariffs on Swiss goods. Economy Minister Guy Parmelin said the Trump administration has agreed to cut U.S. tariffs on most Swiss goods to 15%...
Opioid settlement with OxyContin maker Purdue and Sackler family could end years of legal battles
NEW YORK — Lawyers representing OxyContin maker Purdue Pharma, branches of the Sackler family that own it, cities, states, counties, Native American tribes, people with addiction and others across the U.S. delivered a nearly unanimous message for a bankruptcy court judge Friday: Approve a plan to settle thousands of opioid-related...
Top 1% pay over a third of Pennsylvania’s personal income taxes
The wealthiest households in Pennsylvania are carrying over a third of the state’s personal income tax burden, according to a new study. The top 1% now pay 35.09% of all personal income taxes collected in the Keystone State, the study by finance company SmartAsset found, which examined the latest IRS...
Doritos and Cheetos dial back the bright orange in new versions without artificial ingredients
Doritos and Cheetos are getting a makeover. PepsiCo said Thursday it’s launching toned-down versions of its bright orange snacks that won’t have any artificial colors or flavors. Doritos and Cheetos Simply NKD will hit store shelves on Dec. 1. It’s part of a broader shift underway at PepsiCo, which announced...
