Business category, Page 107

Pittsburgh Post-Gazette and Butler Eagle officials have been granted a preliminary injunction against five unions involved in the P-G strike, after accusing them of throwing projectiles at company vehicles, puncturing vehicle tires and threatening employees and vendors. Post-Gazette employees belonging to unions representing production, distribution and advertising workers went on...

WASHINGTON — The amount of income tax money owed but not paid to the IRS is projected to grow, the agency said Friday. For tax years 2014 through 2016, the estimated gross “tax gap” rose to $496 billion a year, an increase of more than $58 billion from prior estimates....

Technology stocks led a broad rally on Wall Street Friday, capping another strong week for the market, as investors welcomed solid profits from Apple and other companies. The S&P 500 rose 2.5% and posted its first back-to-back weekly gains since August. The Dow Jones Industrial Average rose 2.6% and the...

WASHINGTON — A measure of inflation that is closely monitored by the Federal Reserve remained painfully high last month, the latest sign that prices for most goods and services in the United States are still rising steadily. Friday’s report from the Commerce Department showed that prices rose 6.2% in September...

Oil companies brought in record profits once again as people worldwide struggled with high gasoline and energy prices. Exxon Mobil broke records with its profits in the third quarter, raking in $19.66 billion in net income. The Irving, Texas, company said Friday that it booked $112.07 billion in quarterly revenue,...

Elon Musk has taken control of Twitter after a protracted legal battle and months of uncertainty. The question now is what the billionaire Tesla CEO will actually do with the social media platform. Musk ousted three top Twitter executives on Thursday, according to two people familiar with the deal who...

Westmoreland County officials will continue to pursue development of a $20 million test track facility despite the shuttering of Argo AI, a marquee tenant at the East Huntingdon site. “There’s a strong demand for test track space, and I’m pretty confident we will be able to back-fill this facility with...

WASHINGTON — The average long-term U.S. mortgage rate topped 7% for the first time in more than two decades this week, a result of the Federal Reserve’s aggressive rate hikes intended to tame inflation not seen in some 40 years. Mortgage buyer Freddie Mac reported Thursday that the average on...

Elon Musk has taken control of Twitter and ousted the CEO, chief financial officer and the company’s general counsel, two people familiar with the deal said Thursday night. The people wouldn’t say if all the paperwork for the deal, originally valued at $44 billion, had been signed or if the...

DETROIT — All summer long, Aleen Hudson kept looking for a new minivan or SUV for her growing passenger shuttle service. She had a good credit rating and enough cash for a down payment. Yet dealerships in the Detroit area didn’t have any suitable vehicles. Or they’d demand she pay...

One of Pittsburgh’s autonomous vehicle companies announced Wednesday that it is shutting down. It’s unclear how many Pittsburgh workers will be laid off, as some Argo AI employees at the Strip District-based company will be absorbed into two of Argo’s investors: Ford Motor Co. and Volkswagen AG. In addition to...

NEW YORK — With time running out before the election, President Joe Biden highlighted his administration’s push to crack down on so-called junk fees that banks and other companies charge their customers. The announcement comes after months of high inflation have eaten away at Americans’ savings and made the economy...

WASHINGTON — Nearly 400 school districts spanning all 50 states and Washington, D.C., along with several tribes and U.S. territories, are receiving roughly $1 billion in grants to purchase about 2,500 “clean” school buses under a new federal program. The Biden administration is making the grants available as part of...

Boeing reported a surprising $3.3 billion loss for the third quarter Wednesday, as revenue fell short of expectations and it took huge losses for fixed-cost government programs including new Air Force One presidential jets. The company blamed higher manufacturing and supply-chain costs for driving the losses in government programs. CEO...

There’s no such thing as a universal best credit card. The right card for you depends on your lifestyle, your goals and your credit history. For instance, if you’re looking for travel rewards but your friend is building credit, the best card for each of you will differ greatly. And...

NEW YORK — The number of Americans who do not have a bank account fell to a record low last year, as the proliferation of online-only banks and an improving economy is bringing more Americans into the traditional financial system. A new report from the Federal Deposit Insurance Corp. issued...

WASHINGTON — U.S. consumer confidence waned this month as concerns about inflation took hold after receding somewhat in recent months. The Conference Board reported Tuesday that its consumer confidence index fell to 102.5 in October, from 107.8 in September. Consumers had grown more confident in the two previous months as...

NEW YORK — Amazon is rolling out a feature that allows shoppers to pay for items using their Venmo accounts. The option to pay with Venmo will be available for select Amazon.com customers beginning Tuesday, the e-commerce giant said in a news release. By Black Friday — the day after...

PORTLAND, Ore. — Stephanie Terrell bought a used Nissan Leaf this fall and was excited to join the wave of drivers adopting electric vehicles to save on gas money and reduce her carbon footprint. But Terrell quickly encountered a bump in the road on her journey to clean driving: As...

As prices on goods and services soar, every bit of value squeezed from credit cards helps. Perhaps paying an annual fee became less appetizing. Maybe you scaled back expenses in certain categories a credit card once rewarded, or you’re seeking opportunities to save with your credit cards. When you aren’t...

LONDON — Adidas ended a partnership that helped make the artist formerly known as Kanye West a billionaire and lent the German sportswear an edgy appeal, but ultimately couldn’t survive a mounting outcry over the rapper’s offensive and antisemitic remarks. The split will leave Adidas searching for another transcendent celebrity...

Stocks shook off a shaky start and closed higher Monday, extending their gains from last week, as investors geared up for a heavy week of earnings from big technology companies. The S&P 500 rose 1.2%, with technology, health care and financial stocks accounting for a big share of the gains....