Business category, Page 156

Stocks gave up early gains and closed broadly lower Tuesday as investors weighed the latest quarterly earnings reports from big U.S. companies and new data pointing to rising inflation. The S&P 500 fell 0.4%, with most of the companies in the benchmark index losing ground. Banks, industrial stocks and companies...

CHICAGO — Boeing will cut production of its large 787 aircraft after a structural flaw was discovered in some undelivered planes. The production rate for the 787, which it calls the Dreamliner, will fall below five per month and the Chicago company said Tuesday that it now anticipates that it...

PARIS — France’s competition regulator fined Google $592 million on Tuesday for failing to negotiate in good faith with French publishers in a dispute over payments for their news. The agency threatened fines of around another $1 million per day if Google doesn’t come up with proposals within two months...

To call a beautiful woman a “Perfect 10” these days would be considered chauvinistic and outdated. But my Perfect 10 Portfolio is still looking good. This is a hypothetical portfolio of stocks, each of which sells for 10 times the company’s earnings per share. Historically, most stocks sell for about...

Banks led stocks to modest gains Monday on Wall Street, nudging the major stock indexes to more record highs ahead of a busy week of corporate earnings reports from big U.S. companies. The S&P 500 gained 0.3% after bouncing back from an early stumble. The benchmark index, which has notched...

BRUSSELS — In a gesture of goodwill to the United States, the European Union on Monday put work on plans for a digital tax levy on hold for the moment to concentrate on finalizing the historic tax decision endorsed by the Group of 20 nations over the weekend. In the...

Stocks were solidly higher Friday, putting the market on track to end this holiday-shortened week with a slight gain and more record highs. Investors will turn their attention toward company earnings, which kick off next week. The S&P 500 index was up 1% as of 2:31 p.m. Eastern. The Dow...

Highmark Health’s insurance arm looks to grow by more than 350,000 members if state regulators approve a proposed deal to acquire sole ownership of Gateway Health. The acquisition instantly would expand Highmark’s insurance rolls from 6 million to 6.355 million members, a nearly 6% increase. For nearly three decades, Highmark...

WASHINGTON — President Joe Biden told Russian President Vladimir Putin in a Friday phone call that he must “take action” against cybercriminals acting in his country and that the U.S. reserves the right to “defend its people and its critical infrastructure,” the White House said. The conversation came less than...

President Joe Biden is set to sign on Friday an executive order that the White House bills as an effort to target anticompetitive practices in tech, health care and other parts of the economy while boosting workers’ wages and consumer protections. The sweeping order includes 72 actions and recommendations that...

DETROIT — General Motors is recalling more than 400,000 pickup trucks in the U.S. because the side air bags can explode without warning and spew parts into the cabin. The recall covers certain 2015 and 2016 Chevrolet and GMC Sierra 1500, 2500, and 3500 trucks. Documents posted Friday by U.S....

When Rona Chang saw the impact that covid-19 had on fellow small businesses, she literally took to the street. Chang organized a pop-up market in September in Lawrenceville for vendors that relied upon in-person shopping as their primary income. Chang, who manages her business, Otto Finn, out of Radiant Hall...

DETROIT — Amtrak plans to spend $7.3 billion to replace 83 passenger trains, some nearly a half-century old, though much of the funding must still be approved by Congress. Amtrak said Wednesday that under the contract with German manufacturer Siemens AG, some of the trains will be hybrids, able to...

WASHINGTON — Federal Reserve officials began debating at their June meeting when and how they would reduce the monthly bond purchases that they have used to keep longer-term interest rates in check. The discussions, revealed in the minutes of the Fed’s June meeting released Wednesday, indicate that the Fed is...

China’s most popular social media service has deleted accounts on LGBT topics run by university students and nongovernment groups, prompting concern the ruling Communist Party is tightening control over gay and lesbian content. WeChat sent account holders a notice they violated rules but gave no details, according to the founder...

COCKEYSVILLE, Maryland — People used to go to Valley View Farms to buy five tomato plants and end up with $5,000 in patio furniture. This year is different. After a record burst of sales in March, the showroom floor is almost empty of outdoor chairs, tables and chaises for people...

WASHINGTON — Former President Donald Trump has filed suit against three of the country’s biggest tech companies, claiming he and other conservatives have been wrongfully censored. Trump announced the action against Facebook, Twitter and Google’s YouTube, along with the companies’ CEOs, at a press conference Wednesday in New Jersey. He...

Beware of fake unemployment claims hitting your mailbox as fraudsters continue to target Pennsylvania’s labor coffers at alarming rates. Scammers have been signing up unwitting — and still fully employed — residents for jobless benefits as part of a surge in sophisticated identity theft schemes to steal taxpayer money during...

Banks and energy companies helped pull stocks mostly lower Tuesday on Wall Street, ending the S&P 500’s seven-day run of record high closes. The benchmark index fell 0.2% after having been down 0.9%. The Dow Jones Industrial Average fell 0.6%. Tech stocks rose, helping the Nasdaq to a modest gain...

OMAHA, Neb. — The Biden administration plans to issue a new rule to protect the rights of farmers who raise cows, chickens and hogs against the country’s largest meat processors as part of a plan to encourage more competition in the agriculture sector. The new rule that will make it...

WASHINGTON — The Pentagon said Tuesday it is canceling a cloud-computing contract with Microsoft that could eventually have been worth $10 billion and will instead pursue a deal with both Microsoft and Amazon. “With the shifting technology environment, it has become clear that the JEDI Cloud contract, which has long...

SILVER SPRING, Md. — Growth in the services sector, where most Americans work, slowed in June following record expansion in May. The Institute for Supply Management said Tuesday that its monthly survey of service industries retreated to a reading of 60.1, following an all-time high reading of 64 in May....

Heinz has had it. Tired of seeing hot dogs and buns sold in mismatched quantities — wieners in packages of 10, buns in packs of eight — the world-famous condiment maker launched a campaign Tuesday to encourage manufacturers to finally get on the same page. The ketchup king started a...

You might think only a bumbling company could see its stock decline in the second quarter. After all, the Standard & Poor’s 500 Index returned 8.55% for the three months through June. But it isn’t so. About a third of all stocks were down in the quarter. Some are good...

NEW YORK — Amazon founder Jeff Bezos stepped down as CEO on Monday, handing over the reins as the company navigates the challenges of a world fighting to emerge from the coronavirus pandemic. Andy Jassy, who ran Amazon’s cloud-computing business, replaced Bezos, a change the company announced in February. Bezos,...