Business category, Page 160

NEW YORK — Walmart is coming out with a new app for its store workers’ phones that allows them to do a variety of tasks from digitally clocking into work to helping locate merchandise and answering customers’ questions. It also has a push-to-talk feature to let them communicate directly with...

Wall Street wrapped up another wobbly day of trading Wednesday with modest gains for the major stock indexes, as energy and technology companies kept losses elsewhere in the market in check. The benchmark S&P 500 rose 0.1% after wobbling between a gain of 0.4% and a loss of 0.1%. Strength...

Kevin Walker of Marshall Township has been named the new president and CEO of Duquesne Light Co., company officials announced. Walker is a U.S. Army combat veteran with more than three decades of experience leading utility companies and is the first Black man to become head of Duquesne Light Co.,...

NEW YORK — Epic Ponzi scheme mastermind Bernie Madoff is dead. But the effort to untangle his web of deceit lives on. More than 12 years after Madoff confessed to running one of the biggest financial fraud in Wall Street history, a team of lawyers is still at work on...

NEW YORK — Amazon said Wednesday that it will hold its annual Prime Day over two days in June this year, the earliest it has ever held the sales event. Typically, Amazon holds Prime Day in July. Amazon has said it was holding it earlier because of the Olympics, which...

Moderna Inc. said it is seeking a full approval for its covid-19 vaccine, a move that could make a shot cleared on an emergency basis during the pandemic into a stable source of revenue for years to come. The company said in a statement Tuesday that it will submit data...

“Eating your own cooking” is a good sign in the stock market. When a company’s executives are buying its shares, it often pays for investors to follow suit. Lately, there’s not a lot of buying, and it’s happening at companies you might never have heard of. Here’s a peek at...

WASHINGTON — Americans increased their spending by a slight 0.5% in April, a slowdown after a massive gain in March that had been powered by the distribution of billions of dollars in individual stimulus checks. Even with the pullback from a 4.7% surge in spending in March, the April increase...

Digital payment network Flexa announced Thursday that Sheetz convenience stores will accept digital currency payments and will be the first convenience store chain to do so. The program is expected to roll out this summer. Flexa said Sheetz will accept bitcoin, ether, litecoin, dogecoin and others, first at its cafe...

Most of the women running the biggest U.S. companies saw their pay increase last year, even as the pandemic hammered the economy and many of their businesses. Despite those gains, however, the median pay for female chief executives actually fell in 2020. Already a small group, they saw several high-profile...

SILVER SPRING, Md. — Fewer Americans signed contracts to buy homes in April as a lack of supply continues to foil would-be buyers. The National Association of Realtors’ index of pending home sales fell 4.4% to 106.2 in April, a third straight sluggish month after nearly a year-long rebound from...

WASHINGTON — The number of Americans seeking unemployment benefits dropped last week to 406,000, a new pandemic low and more evidence that the job market is strengthening as the virus wanes and economy further reopens. Thursday’s report from the Labor Department showed that applications declined 38,000 from 444,000 a week...

NEW YORK — Americans are going back to one of their favorite past times: store shopping. With more people getting vaccinated and dropping their face masks, retailers from Walmart to Macy’s are seeing an eager return to their stores after more than a year of their customers migrating online during...

A choppy day of trading on Wall Street ended with stocks closing higher Wednesday, reversing much of the S&P 500’s modest pullback the day before. The benchmark index ended just under 0.2% higher after wavering between small gains and losses. Retailers and other companies that rely on consumer spending made...

NEW YORK — New Era says it pulled a lampooned line of Major League Baseball hats from its website Tuesday and is apologizing for design inaccuracies on the caps meant to pay homage to communities with big league clubs. New Era spokesman Mark Maidment said in a statement Wednesday to...

Masked, desk-bound and unable to recognize their colleagues in an elevator, people are starting to return to offices in cities around the world where the pandemic is receding. Many will find their offices transformed, too. In the challenge to make offices both covid-19-safe and attractive places to work, firms have...

DETROIT — Ford expects 40% of its global sales to be battery-electric vehicles by 2030 as it adds billions to what it’s spending to develop them. Ahead of a presentation to Wall Street on Wednesday, the automaker says it will add about $8 billion to its EV development spending from...

NEW YORK — Amazon is going Hollywood. The online shopping giant is buying MGM, the movie and TV studio behind James Bond, “Legally Blonde” and “Shark Tank,” with the hopes of filling its video streaming service with more stuff to watch. Amazon is paying $8.45 billion for MGM, making it...

Wall Street capped a listless day of trading Tuesday with a modest pullback for the major U.S. stock indexes, giving back some of the market’s gains after a solid start to the week. The S&P 500 slipped 0.2% after spending much of the day wavering between small gains and losses....

NEW YORK — ExxonMobil is facing a major challenge from a group of investors in one of the biggest fights a corporate boardroom has endured over its stance on climate change, an issue of rising urgency for many shareholders. The investor group is pushing to replace four of the oil...

The District of Columbia has sued Amazon, accusing the online retail giant of anticompetitive practices in its treatment of sellers on its platform. The practices have raised prices for consumers and stifled innovation and choice in the online retail market, the D.C. attorney general alleges in an antitrust suit. The...

Wall Street issues about eight buy recommendations for every sell recommendation. But at times, knowing when to sell is the most important skill in the stock market. Here are six stocks I think you should sell now, if you own them. If you don’t own them, I’d avoid them. And...

Beginning July 18, Pennsylvania’s unemployed workers again will have to prove they applied for two jobs per week to continue to receive jobless benefits, a state labor official said Monday. Unemployed workers also must register for job search services with the PA CareerLink offices. The requirements were suspended last year...