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Business category, Page 104

Pope Francis, first Latin American pontiff, dies at 88
Cyber Monday deals lure in consumers amid high inflation
NEW YORK — Days after flocking to stores on Black Friday, consumers are turning online for Cyber Monday to score more discounts on gifts and other items that have ballooned in price because of high inflation. Cyber Monday is expected to remain the year’s biggest online shopping day and rake...
Holiday survival tips from 5 financial pros
For Ryan Decker, surviving the holiday shopping season is all about planning ahead. In fact, if he sees a gift for one of his two young sons in March, he’ll go ahead and buy it, instead of rushing through his shopping list in December. “It very much eases the burden,”...
Hospitals embrace mergers as path to survival
Editor’s note: This is the second part of a three-day series examining the rapidly changing health care landscape in Western Pennsylvania. As Excela Health CEO John Sphon irons out the details of a merger with Butler Health System, his message to the public is clear. He believes the alliance...
As Western Pa. hospitals expand, fears grow over higher health care costs 
Editor’s note: This is the first part of a three-day series examining the rapidly changing health care landscape in Western Pennsylvania. Western Pennsylvania’s two health care giants have jumped into a controversial nationwide hospital building boom, spending billions on glitzy, state-of-the-art facilities that critics say patients ultimately will pay for...
U.S. FCC bans sales, import of Chinese tech from Huawei, ZTE
WASHINGTON — The U.S. is banning the sale of communications equipment made by Chinese companies Huawei and ZTE and restricting the use of some China-made video surveillance systems, citing an “unacceptable risk” to national security. The five-member Federal Communications Commission said Friday it has voted unanimously to adopt new rules...
Autonomous vending robot being tested at Pittsburgh International Airport
Hungry passengers waiting to board flights at Pittsburgh International Airport might no longer have to leave their gates. Soon, they could be able to hail a robot vendor to bring them a snack. An autonomous vending robot run by California-based tech company Ottonomy is being tested at Pittsburgh International as...
Inflation hovers over shoppers seeking deals on Black Friday
NEW YORK — Cautious shoppers hunted for the best deals at stores and online as retailers offered new Black Friday discounts to entice consumers eager to start buying holiday gifts but weighed down by inflation. Due to elevated prices for food, rent, gasoline and other essentials, many people were being...
Germany, France pledge mutual support to avert energy crunch
BERLIN — Germany and France pledged Friday to provide each other mutual support in preventing a possible energy crisis after supplies from Russia dried up amid the war in Ukraine. As part of a joint agreement signed by German Chancellor Olaf Scholz and French Prime Minister Elisabeth Borne, Germany will...
Musk plans to relaunch Twitter premium service, again
LONDON — Elon Musk said Friday that Twitter plans to relaunch its premium service that will offer different colored check marks to accounts next week, in a fresh move to revamp the service after a previous attempt backfired. It’s the latest change to the social media platform that the billionaire...
Thanks, inflation: Cost of '12 Days of Christmas' items nears $200,000
The tune is oh so familiar. Not just the “and a partridge in a pear tree.” We’re talking “more than last year.” Financial services firm PNC has for 39 years compiled the consumer costs for those who would wish to make corresponding purchases for their true love replicating “The Twelve...
4 ways to limit your holiday debt
There’s a magical feeling in the air this time of year, but that magic costs money. Every year, the pressure looms large to spend more to create perfect holidays. This high-cost season can leave you with debt that sticks around. According to NerdWallet’s 2022 Holiday Shopping Report, 31% of 2021...
Shoppers hunt for Black Friday deals but inflation makes bargains elusive
NEW YORK — Consumers holding out for big Black Friday deals — and some much-needed relief from soaring costs on just about everything — may be disappointed as they head into the busiest shopping season of the year. While retailers are advertising sales of 30%, 50% and 70% off everything...
Stocks gain ground on Wall Street ahead of holiday
Stocks closed broadly higher on Wall Street Wednesday, after the minutes from the Federal Reserve’s most recent policy meeting showed central bank officials agreed that smaller rate hikes would likely be appropriate “soon.” The S&P 500 rose 0.6%, while the Dow Jones Industrial Average gained 0.3%. The Nasdaq composite closed...
High mortgage rates send homebuyers scrambling for relief
LOS ANGELES — Mortgage rates are more than double what they were a year ago, so many homebuyers are looking for ways to put off some of the pain for a few years. The trend has driven adjustable-rate mortgages, or ARMs, to the highest usage in over a decade. A...
UPMC profits down 75% so far in 2022, filing shows
Health care giant UPMC reported Tuesday that it had nearly $200 million in profits during the first nine months of this year — about a quarter of what it reported during the same span a year ago. UPMC said in its third-quarter financial report that labor and supply markets related...
Free returns less common for online shoppers 
One of the foundations of online shopping has been free returns, but not anymore. After years of subsidizing them, more retailers are charging customers to send back unwanted goods. It’s a risky move because shoppers have become accustomed to buying an item in multiple sizes and colors and returning what...
Shoppers hunt for deals but inflation makes bargains elusive
NEW YORK — Consumers holding out for big deals — and some much-needed relief from soaring costs on just about everything — may be disappointed as they head into the busiest shopping season of the year. While retailers are advertising sales of 30%, 50% and 70% off everything from TVs...
Edmunds: How to mitigate rising auto loan interest rates
The Federal Reserve issued its latest interest rate hike in early November. It marks the sixth increase this year and has pushed new auto loan finance rates to their highest since 2019. Rates for used cars have also hit their highest since 2010. This will affect car shoppers this holiday...
Unemployment claims rise to 240,000, highest since August
WASHINGTON — The number of Americans applying for unemployment benefits rose the highest level since August but still remains low by historic standards. The Labor Department reported Wednesday that 240,000 people applied for jobless aid last week, up by 17,000 from the week before. The four-week moving average of claims,...
Sheetz lowers price for unleaded 88 to $1.99 a gallon for Thanksgiving week
Sheetz convenience stores will sell unleaded 88 gas for $1.99 a gallon during the Thanksgiving 2022 weekend. The deal is available at Sheetz locations that have unleaded 88. The deal is good from Nov. 21 to Nov. 28. According to Sheetz, unleaded 88 fuel is approved by the U.S. Environmental...
Carriers feeling cheery about on-time holiday deliveries
The nation’s major shipping companies are in the best shape to get holiday shoppers’ packages delivered on time since the start of the pandemic, suggesting a return to normalcy. Carriers like the U.S. Postal Service, FedEx and United Parcel Service project to have enough capacity after struggling under the holiday...
Big rail unions split on contract with engineers ratifying
OMAHA, Neb. — Railroad engineers accepted their deal with the railroads that will deliver 24% raises but conductors rejected theirs, threatening the health of the economy just before the holidays and casting more doubt on whether the industry will be able to resolve the labor dispute before next month’s deadline...
Musk restores Trump's Twitter account after online poll
LOS ANGELES — Elon Musk reinstated Donald Trump’s account on Twitter on Saturday, reversing a ban that has kept the former president off the social media site since a pro-Trump mob attacked the U.S. Capitol on Jan. 6, 2021, as Congress was poised to certify Joe Biden’s election victory. Musk...
U.S. home sales fell in October for 9th straight month
Sales of previously occupied U.S. homes fell in October for the ninth consecutive month to the slowest pre-pandemic sales pace in more than 10 years as homebuyers grappled with sharply higher mortgage rates, rising home prices and fewer properties on the market. Existing home sales fell 5.9% last month from...
More Twitter workers flee after Musk's 'hardcore' ultimatum
Twitter continued to bleed engineers and other workers after new owner Elon Musk gave them a choice to pledge to “extremely hardcore” work or resign with severance pay. While it’s not clear exactly how many of Twitter’s already-decimated staff took Musk up on his offer, the newest round of departures...


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