Business category, Page 5
Westmoreland developments: Ice cream shop, barbecue takeout, Playa Bowls franchise open doors
“Exhausted parent” is not necessarily the clientele The Parlor by Steel City Whip is looking to attract. But if one should stop by the Hempfield ice cream and Dole Soft Serve shop, Dan Busatto has just the right flavor for them. The bourbon-spiked espresso ice cream complemented by chocolate chunks...
Sewickley Tavern still on the market
Sewickley Tavern remains for sale more than six months after it went on the market. Howard Hanna Real Estate agent Michael Levenson said the property at 409 Beaver St. was put on the market between mid-November and early December. The listed price for the “turn-key restaurant” is $2.3 million, according...
Upper Burrell tech center to coordinate expanded international technology pilot program
Pittsburgh-based Arconic Technology Center is bringing enhanced international technology to its metal manufacturing company. Arconic and Icelandic metal analysis company DTE are expanding their collaboration, which began last October. An Arconic facility in North America will serve as a pilot location for DTE’s molten metal composition analysis system. That location,...
Average long-term U.S. mortgage rate falls to 6.67%, the lowest level since early April
NEW YORK — The average rate on a 30-year U.S. mortgage fell for the fifth straight week to its lowest level since early April, an encouraging sign for potential buyers who have wrestled with rising home prices. The long-term rate fell to 6.67% from 6.77% last week, mortgage buyer Freddie...
U.S. labor market continues to surprise as the unemployment rate falls
U.S. employers added 147,000 jobs in June as the American labor market continues to show surprising resilience despite uncertainty over President Donald Trump’s economic policies. The unemployment rate ticked down to 4.1% from 4.2% in May, the Labor Department said Thursday. Hiring rose modestly from a revised 144,000 in May...
Construction continues at future retail space, condominiums and engineering HQ in Sewickley
Construction continues at the future Orbital Engineering headquarters in Sewickley. Crews have been working for months to create a multi-use facility at the former R.D. Cole Funeral Home on Beaver Street. The funeral home was demolished earlier this year. It had ceased services in September and reopened late that month...
Nearly 368,000 pounds of Oscar Mayer turkey bacon recalled over possible listeria contamination
Nearly 368,000 pounds of Oscar Mayer turkey bacon products are being recalled over possible contamination with listeria bacteria that can cause food poisoning, federal health officials said Wednesday. No illnesses have been confirmed to date, U.S. agriculture department officials said. Kraft Heinz Food Company of Newberry, South Carolina, announced the...
Analysis shows Trump’s tariffs would cost U.S. employers $82.3 billion
WASHINGTON — An analysis finds a critical group of U.S. employers would face a direct cost of $82.3 billion from President Donald Trump’s current tariff plans, a sum that could potentially be managed through price hikes, layoffs, hiring freezes or lower profit margins. The analysis by the JPMorganChase Institute is...
Can supermarkets like Giant Eagle fill void left by ailing pharmacy industry?
As chain pharmacies decline, grocery stores are picking up the slack. Rite Aid’s descent into bankruptcy — and the dash to carve up its assets — is the latest example. Rival drugstores CVS and Walgreens have snapped up millions of potential customers by way of their prescription files, but supermarkets...
Trump announces trade deal with Vietnam that will let U.S. goods into the country duty-free
WASHINGTON — President Donald Trump announced a trade deal with Vietnam Wednesday that would allow U.S. goods to enter the country duty-free. Vietnamese exports to the United States, by contrast, would face a 20% levy. On his Truth Social platform, Trump declared the pact “a Great Deal of Cooperation between...
Tesla sales plunge again as anti-Musk boycott shows staying power and rivals pounce on the weakness
NEW YORK — Sales of Tesla electric cars fell sharply in the last three months as boycotts over Elon Musk’s political views continue to keep buyers away. The 13% plunge in global sales over a year earlier suggests the damage to Tesla’s brand from Musk’s embrace of U.S. President Donald...
Del Monte, the 139-year-old canned fruits and vegetables company, seeks bankruptcy protection
Del Monte Foods, the 139-year-old company best known for its canned fruits and vegetables, is filing for bankruptcy protection as U.S. consumers increasingly bypass its products for healthier or cheaper options. Del Monte has secured $912.5 million in debtor-in-possession financing that will allow it to operate normally as the sale...
Microsoft’s largest layoff in years hits Xbox, sales and other divisions
REDMOND, Wash. — Microsoft is firing thousands of workers, its second mass layoff in months and its largest in more than two years. The tech giant began sending out layoff notices Wednesday that hit the company’s Xbox video game business and other divisions. The company declined to say how many...
Monroeville’s Miracle Mile shopping center up for sale
The Miracle Mile Shopping Center in Monroeville is for sale. No price is listed by CBRE, the real estate agency handling the sale, but the plaza along Route 22 near the Pennsylvania Turnpike interchange is described in the listing as a dominant regional shopping destination. The sale was announced on...
Fireworks stores see big business ahead of July Fourth weekend
Fourth of July is like Christmas to William Olbeter. “Ever since I was a little kid, I fell in love with fireworks, and I’ve always wanted to do my own shows,” said Olbeter, of New Kensington. The 54-year-old puts on a fireworks show annually for his family and neighbors. Each...
Wall Street split as Tesla, tech drop while most other stocks climb
NEW YORK — A mixed day of trading left the U.S. stock market split Tuesday as Wall Street’s momentum slowed after setting record highs in each of the last two days. The S&P 500 dipped 0.1% for its first loss in four days. The Dow Jones Industrial Average rose 400...
The unknown costs of Amazon’s $20B promise to build 2 data centers in Pennsylvania
Spotlight PA is an independent, nonpartisan, and nonprofit newsroom producing investigative and public-service journalism that holds power to account and drives positive change in Pennsylvania. HARRISBURG — Amazon plans to spend $20 billion to build two data centers in Pennsylvania, a move that state officials say will generate thousands of...
Powell stands by ‘wait and see’ stance with Trump ramping up attacks on the Federal Reserve
WASHINGTON — Federal Reserve Chair Jerome Powell on Tuesday stuck to his position that the central bank will keep its key rate on hold while it waits to see how President Donald Trump’s tariffs effect the economy, defying the steady stream of criticism from the White House, which wants lower...
U.S. job openings in May hit 7.8 million in a continuing display of labor market resilience
WASHINGTON — U.S. job openings rose unexpectedly in May, a sign that the American labor market remains resilien t in the face of high borrowing costs and uncertainty over U.S. economic policy. U.S. employers posted 7.8 million vacancies in May, The Labor Department reported Tuesday, up from 7.4 million in...
How to build a portfolio you don’t have to babysit
If you’re a do-it-yourself investor aiming to build a “no babysitter required” portfolio, here are the key steps to take. Step 1: Find your portfolio’s true north Give due consideration to your asset allocation. That decision will have the biggest impact on how your portfolio behaves in the future. The...
Lululemon’s lawsuit against Costco highlights the rise of fashion ‘dupes’
Fashion “dupes,” or less expensive versions of high-end clothing and other accessories, are just about everywhere these days. They’re also drawing some businesses into legal battles. In the latest example, Lululemon slapped a lawsuit against Costco on Friday, accusing the wholesale club operator of selling lower-priced duplicates of some of...
Under Walmart ownership, Monroeville Mall eyes transformation
As Pittsburgh Mills’ parking lot continues to crater and its owner looks to unload a property that shows the challenge facing malls, a once-vibrant part of American commercialism that has faded, its neighbor to the south — Monroeville Mall — remains on a path toward redevelopment. Monroeville Mayor Nick Gresock...
Judge allows antitrust lawsuit against Apple to proceed
A federal judge on Monday rebuffed Apple’s request to throw out a U.S. government lawsuit alleging the technology trendsetter has built a maze of illegal barriers to protect the iPhone from competition and fatten its profit margins. The 33-page opinion from U.S. District Judge Xavier Neals in New Jersey will...
Boeing names new chief financial officer
In another change to its executive ranks, Boeing has hired a new chief financial officer to lead strategy, business planning and global real estate, the company said Monday. Jesus “Jay” Malave, the former chief financial officer at defense contractor Lockheed Martin, will replace Brian West, the CFO appointed by Boeing’s...
U.S. stocks push further into record heights
NEW YORK — The U.S. stock market added to its record on Monday as Wall Street closed out a second straight winning month. The S&P 500 rose 0.5% in its first trading after completing a stunning recovery from its springtime sell-off of roughly 20%. The Dow Jones Industrial Average added...
