Business category, Page 168

It’s been a long time coming, but the great value comeback appears to be underway. The value school of investing, to which I adhere, seeks to find stocks selling for bargain prices compared to their intrinsic net worth. In the 30 years through 2009, value outperformed growth 19 times. That...

NEW YORK — A fire at a plant owned by Japanese chipmaker Renesas could deepen the ongoing global semiconductor shortage that has especially hampered automobile production. The company, which makes chips for Toyota, Nissan and Honda, expects production at one of the buildings at its Naka Factory in Hitachinaka to...

Technology companies led stocks higher Monday on Wall Street, reversing some of the market’s losses from last week, as investors welcomed some easing in long-term bond yields. The S&P 500 index rose 0.7%, as gains in technology, communication and other stocks outweighed a pullback in financial companies. The rally in...

NEW YORK — The new head of the Small Business Administration says she expects to make changes at the agency that she says will enable it to further help small companies devastated by the covid-19 pandemic. In an interview with The Associated Press on Friday, two days after she was...

LOUISVILLE, Ky. — A hangover from Trump-era tariff disputes could become even more painful for American whiskey distillers unless their entanglement in a trans-Atlantic trade fight is resolved soon. Bourbon, Tennessee whiskey and rye whiskey were left out of recent breakthroughs to start rebuilding U.S. trade relations with the European...

Facebook says it is working on a version of its Instagram app for kids under 13, who are technically not allowed to use the app in its current form due to federal privacy regulations. The company confirmed an earlier report by Buzzfeed News on Friday, saying it is “exploring a...

A Russian man has pleaded guilty to offering a Tesla employee $1 million to get computer malware into the electric car company’s massive electric battery plant in Nevada for a ransomware attack that never happened, according to court records. Federal public defenders representing Egor Igorevich Kriuchkov did not immediately respond...

FREEPORT, Maine — With Americans hunkering down and hankering to get outdoors during the pandemic, L.L. Bean recorded its best annual sales growth in nearly a decade, the company said Friday. The Freeport-based retailer started its fiscal year with store closings and worries about survival but the company weathered the...

Stocks are closing mostly lower on Wall Street Friday. The S&P 500 lost 0.1% to end with its first weekly loss in the last three. Bank stocks fell after the Federal Reserve announced it would end some emergency measures put in place for the industry last year to help deal...

Stocks fell broadly on Wall Street Thursday, as rising bond yields once again pulled down shares of technology companies and the energy sector sold off on a sharp drop in oil prices. The S&P 500 index fell 1.5%, on track for its first weekly loss in three weeks. Technology companies...

PNC will close three more bank branches in the Pittsburgh area in June. The branches that will close June 11 are in McCandless, Oakdale and Ambridge. Each will be consolidated with another location, bank spokeswoman Marcey Zwiebel said. The closings are driven by changes in the way customers are doing...

It’s showtime! AMC Theatres says it will have 98% of its U.S. movie theaters open on Friday, with more expected to open by March 26. Shares of AMC Entertainment Holdings Inc. are up more than 4% before the market open on Thursday. Movie theaters all over shuttered their doors a...

WASHINGTON — The number of Americans seeking unemployment benefits rose last week to 770,000, a sign that layoffs remain high even as much of the U.S. economy is steadily recovering from the coronavirus recession. Thursday’s report from the Labor Department showed that jobless claims climbed from 725,000 the week before....

LANSING, Mich. — For the second time this week, the U.S. government’s road safety agency is sending a team to investigate a Tesla crash in Michigan. This time, the National Highway Traffic Safety Administration is sending a special crash investigation team because a Tesla using the company’s Autopilot partially automated...

The Internal Revenue Service is delaying the traditional tax filing deadline from April 15 until May 17, according to the House Ways and Means Committee. The IRS and Treasury Department didn’t immediately comment Wednesday or provide further details. But the committee confirmed and applauded the move, which provides added time...

WASHINGTON — The Federal Reserve foresees the economy accelerating quickly this year but still expects to keep its benchmark interest rate pinned near zero through 2023, despite concerns in financial markets about potentially higher inflation. With its brightening outlook, the Fed on Wednesday significantly upgraded its forecasts for growth and...

Stock closed higher Wednesday, reversing an early slide after the Federal Reserve reassured Wall Street that it expects to keep its key interest rate near zero through 2023. The central bank’s renewed commitment to keeping rates at rock bottom lows comes even as its latest economic forecast calls for growth...

Cigarette use in a number of developing countries may fall to zero in the next three decades as smokers quit or switch to alternative products, according to a new report. Smoking will disappear by 2050 from the United States, parts of Europe, Australia and large chunks of Latin America if...

The company that drew attention after sending huge electricity bills to customers after last month’s blackout-causing winter storm in Texas has filed for bankruptcy protection. Griddy Energy sold power to consumers at wholesale prices plus a $9.99 monthly fee. Its rates skyrocketed during the February deep freeze, when state grid...

Digit marches on two legs across the floor of the University of Michigan’s Ford Motor Co. Robotics Building, while Mini-Cheetah — staccato-like — does the same on four and the yellow-legged Cassie steps deliberately side-to-side. A grand opening was held Tuesday for the four-story, $75 million, 134,000-square-foot complex. Three floors...

Wall Street capped a choppy day of trading Tuesday with stock indexes closing mostly lower after coming within striking distance of matching the market’s longest winning streak of the year. The S&P 500 fell 0.2% after wobbling between small gains and losses most of the day. The modest pullback snapped...

Google’s next internet-connected home device will test whether consumers trust the company enough to let it snoop on their sleep. New sleep-sensing technology will be a key feature on Google’s latest version of its Nest Hub, a 7-inch smart screen unveiled Tuesday. Like the previous generation, the $100 Nest Hub...

After weeks of sharp price spikes, analysts say gasoline price increases in Southwestern Pennsylvania appear to be stabilizing. Regular unleaded gasoline increased only a penny per gallon last week following increases of 25 cents per gallon here over the last month. There were multiple factors behind the increases that drove...