Business category, Page 8
Trump administration offers some details of how it would control U.S. Steel, but union raises concerns
CALGARY, Alberta — President Donald Trump would have unique influence over the operations of U.S. Steel under the terms of the investment being made by Nippon Steel. Administration officials over the past few days provided additional insight into the “golden share” arrangement that the federal government made as a condition...
U.S. Open’s economic impact in Oakmont, Verona is minimal, businesses report
The borough of Oakmont has been running like a broken clock twice a day this week. Before and after U.S. Open competition started each day, traffic was at a standstill on Hulton Road as players and fans made their way to Oakmont Country Club. Aside from those times, however, Oakmont...
Trump order, U.S. control clear path for Nippon Steel investment in U.S. Steel
WASHINGTON — President Donald Trump on Friday signed an executive order paving the way for a Nippon Steel investment in U.S. Steel, so long as the Japanese company complies with a “national security agreement” submitted by the federal government. Trump’s order didn’t detail the terms of the national security agreement....
Massive Google Cloud outage disrupts popular internet services
NEW YORK — Popular online services across the globe were disrupted Thursday because of ongoing issues at Google Cloud. Tens of thousands of users of Spotify, Discord and other platforms began noticing issues with their services early in the afternoon, according to Downdetector, which tracks outages. Outage reports for music...
Monroeville manufacturing company expands with state backing, aims to grow industry in region
Mike Gunniers has a plan to expand his Monroeville-based automated systems company — Premier Automation — into a manufacturing hub for Southwestern Pennsylvania. The product of Gunniers’ vision, Premier Labs, a 70,0000-square-foot corporate venture studio in Murrysville, was introduced Thursday. It will focus on helping innovation and manufacturing startups, President...
Trump signs measure blocking California’s ban on new sales of gas-powered cars
WASHINGTON — President Donald Trump signed a resolution on Thursday that blocks California’s first-in-the-nation rule banning the sale of new gas-powered cars by 2035. The state quickly announced it was challenging the move in court, with California’s attorney general holding a news conference to discuss the lawsuit before Trump’s signing...
The number of Americans filing for jobless claims last week remains at the highest level in 8 months
WASHINGTON — U.S. filings for jobless benefits were unchanged last week, remaining at the higher end of recent ranges as uncertainty over the impact of trade wars lingers. New applications for jobless benefits numbered 248,000 for the week ending June 7, the Labor Department said Thursday. Analysts had forecast 244,000...
Doubled steel and aluminum tariffs leave W.Pa. businesses uneasy
Christian Klanica’s gut told him President Donald Trump wasn’t done raising steel and aluminum tariffs, so he turned down long-term production contracts and stocked up on supplies throughout the spring for his tool-and-die shop in Hempfield. Already, the 25% tariffs on these metals imposed in March have inflated the cost...
Scholl brothers retiring from family’s West View bike shop, making way for new borough complex
The day after graduating from North Allegheny High School in 1978, Dave Scholl went to work fixing bicycles in his parents’ shop in West View. He and his older brother, Ken, a 1973 grad, have been together there ever since. “That’s all we’ve done all of our life — fix...
Westmoreland Mall a feasible location for proposed convention center
A 200-room hotel and convention center with 15,000 square feet of meeting space could find a home at Westmoreland Mall. Some results of a study examining the feasibility of a hotel and convention center in Westmoreland County were revealed Wednesday by Sean Sullivan, general manager of Live Casino Pittsburgh, during...
EPA moves to repeal rules that limit greenhouse gas emissions from power plants
WASHINGTON — The Environmental Protection Agency on Wednesday proposed repealing rules that limit greenhouse gas emissions from power plants fueled by coal and natural gas, an action that Administrator Lee Zeldin said would remove billions of dollars in costs for industry and “unleash” American energy. The EPA also proposed weakening...
Inflation barely rose last month as cheaper gas and cars offset some costlier imports
WASHINGTON — U.S. inflation picked up a bit last month as higher prices for groceries and some imported goods were largely offset by cheaper gas, travel services, and rents. Consumer prices increased 2.4% in May compared with a year ago, according to a Labor Department report released Wednesday. That is...
Trump says U.S. gets rare earth minerals from China; tariffs on Chinese goods going to 55%
LONDON — President Donald Trump announced Wednesday that the United States will get magnets and rare earth minerals from China under a new trade deal and that tariffs on Chinese goods will go to 55%. In return, Trump said the U.S. will provide China “what was agreed to,” including allowing...
GM to invest $4 billion to shift some production from Mexico to the U.S.
Shares of General Motors rose before the opening bell after announcing plans to invest $4 billion to shift some production from Mexico to U.S. manufacturing plants as the automaker navigates tariffs that could drive prices higher. President Trump signed executive orders in April, relaxing some of his 25% tariffs on...
Apple unveils iOS 26 and a new ‘liquid glass’ design
CUPERTINO, Calif. — After stumbling out of the starting gate in Big Tech’s pivotal race to capitalize on artificial intelligence, Apple tried to regain its footing Monday during an annual developers conference that focused mostly on incremental advances and cosmetic changes in its technology. The presummer rite, which attracted thousands...
Video game performers on strike for almost a year over AI issues reach a tentative deal
The union for Hollywood’s video game performers has reached a tentative contract with several video game companies that may bring an end to an almost year-long strike tied to the use of artificial intelligence. Members of the Screen Actors Guild-American Federation of Television and Radio Artists went on strike in...
John Dorfman: Financial stocks have topped charts for past year
The best performing sector in the stock market for the past year has been the unsung financial sector. Its 24% return through May 31 was nearly double the return on the market as a whole. Unlike technology or biotech, financial stocks don’t get people very excited. There’s no tantalizing hint...
Amazon to spend $20B on data centers in Pennsylvania, including one next to nuclear power plant
HARRISBURG — Amazon said Monday that it will spend $20 billion on two data center complexes in Pennsylvania, including one it is building alongside a nuclear power plant that has drawn federal scrutiny over an arrangement to essentially plug right into the power plant. Kevin Miller, vice president of global...
Warner Bros. Discovery to split into 2 companies, dividing cable and streaming services
NEW YORK — Warner Bros. Discovery will split into two public companies by next year, calving off its cable operations from its streaming service. Warner Bros. Discovery said Monday that Streaming & Studios will include Warner Bros. Television, Warner Bros. Motion Picture Group, DC Studios, HBO, and HBO Max, as...
Democrats drawing closer to the crypto industry despite Trump divisions
WASHINGTON — As President Donald Trump builds a crypto empire — including hosting a private dinner with top investors at his golf club — Democrats have united in condemning what they call blatant corruption from the White House. But the Democratic Party’s own relationship with the emerging crypto industry is...
Betsy Wentz Interior Design expands to new trade showroom in Sewickley
Designer Betsy Wentz is her own newest client with a project that involves moving her business to an entirely new location that is much bigger. “We were running out of space,” said Wentz, surrounded by boxes of tiles and rug samples in her Walnut Street store in Sewickley. “We hired...
Dick’s closes Pittsburgh Mills location, plans grand opening at Waterworks
The Pittsburgh Mills mall in Frazer is one step closer to having no remaining anchor tenants. Sunday was the last day of business for the Dick’s Sporting Goods store at the Galleria at Pittsburgh Mills, according to signs posted at the store. A store manager was not permitted to provide...
U.S. Open offers chance to market Pittsburgh, but economic impact is modest, experts say
Economic development leaders hope to show the Pittsburgh region is a diamond beyond the rough at Oakmont Country Club as the U.S. Open unfolds this week before a national audience. Tens of thousands of fans are expected to flock to the world-renowned golf course and millions more will tune in...
Trump looks to sell Tesla after feud with Musk
It was a costly spat. As President Donald Trump and Elon Musk feuded on social media Thursday afternoon, shares of Musk’s Tesla Inc. plummeted more than 14% — erasing $150 billion of the electric vehicle maker’s value. Investors weren’t the only ones looking to dump Tesla. Trump is looking to...
Pittsburgh Mills: From 1-stop shop to disarray
With recent legal developments, including hundreds of township-issued citations, criminal charges and a lawsuit filed by real estate trusts for Walmart and Sam’s Club, Namdar Realty Group, the owners of Pittsburgh Mills mall in Frazer, continues to remain under the microscope for the property’s alleged mismanagement and slow decay. How...
