Business category, Page 179

NEW YORK — Stocks are falling Monday as worries about a new, potentially more infectious strain of the coronavirus have borders shutting around the world and adding more threats for the economy. The S&P 500 was 1% lower in early trading, putting it on track to fall for a second...

Nestlé Prepared Foods is recalling Lean Cuisine Baked Chicken meals because they may be contaminated with pieces of hard, white plastic. According to an announcement with the U.S. Department of Agriculture’s Food Safety and Inspection Service, “The problem was discovered on December 18, 2020, by the firm, after receiving five...

BEIJING — China’s government on Monday called on Washington not to enforce a measure that might expel Chinese companies from U.S. stock exchanges if they fail American government audits. The law, signed Friday by President Donald Trump, is a response to complaints Chinese companies were failing to comply with stricter...

CAMARILLO, Calif. — The average U.S. price of regular-grade gasoline jumped 4 cents a gallon over the past two weeks to $2.26. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that a rise in crude oil prices spurred the increase. The price at the pump is 35 cents...

After 210 years of continuous production, America’s oldest whiskey brand — Westmoreland County-born Old Overholt — is undergoing a transformation. It’s part of a planned, long-range evolution to raise the iconic rye spirit from its customary, lower-shelf position alongside chums with names like Evan and Ezra to a top-shelf pantheon...

Boeing improperly influenced a test designed to see how quickly pilots could respond to malfunctions on the Boeing 737 Max, and Federal Aviation Administration officials may have obstructed a review of two deadly crashes involving the plane, Senate investigators say. In a report released Friday, the Senate Commerce Committee also...

NEW YORK — U.S. stock indexes pulled back from their record levels Friday as the wait drags on to see if Congress can reach a deal to send more cash to struggling workers and businesses. The S&P 500 fell 0.4%, a day after it and other major indexes returned to...

WILKES-BARRE — Pennsylvania’s unemployment rate was down 0.8 points over the month to 6.6% in November — falling below the U.S. rate of 6.7% in November for the first time since May 2015. The commonwealth’s unemployment rate was 2 points above its November 2019 level while the national rate was...

Robinhood Financial agreed to pay $65 million to settle government charges that it failed to disclose the full details of its dealings with high-speed traders and didn’t get the best prices for customers trading on its app, the Securities and Exchange Commission said Thursday. Robinhood and other retail brokerage firms...

DENVER — A group of 38 states filed an anti-trust lawsuit against Google on Thursday, alleging that the search giant has an illegal monopoly over the online search market that hurts consumers and advertisers. The lawsuit, announced by Colorado Attorney General Phil Weiser, was filed in federal court in Washington,...

WASHINGTON — The number of Americans applying for unemployment benefits rose again last week to 885,000 as a resurgence of coronavirus cases threatens the economy’s recovery from its springtime collapse. The Labor Department said Thursday that the number of applications increased from 862,000 the previous week. It showed that nine...

DALLAS — Texas Attorney General Ken Paxton on Wednesday announced a multistate lawsuit against Google, accusing the search giant of “anti-competitive conduct” in the online advertising industry. Paxton said Google is using its “monopolistic power” to control pricing of online advertisements, fixing the market in its favor and eliminating competition....

A small 3D printing company in East Huntingdon got some high-tech upgrades this year thanks to the U.S. Army. Tronix3D equipped its machines with cloud-connected sensors, allowing the company to collect and share precise data about its manufacturing processes. The company was one of the first to test the new...

The price of bitcoin rose above $20,000 for the first time Wednesday, as the speculative digital currency topped its previous peak reached shortly after it became tradable on Wall Street three years ago this month. Like other instruments used to store value in times of uncertainty, bitcoin has benefited from...

The Federal Reserve said Wednesday that it will keep buying government bonds until the economy makes “substantial” progress — a step intended to reassure financial markets and keep long-term borrowing rates low indefinitely. The Fed also reiterated after its latest policy meeting that expects keep its short-term benchmark interest rate...

NEW YORK — The S&P 500 ticked up to the edge of its record Wednesday after the Federal Reserve pledged to keep buying bonds until the economy makes substantial progress from its virus-wracked state. In a mixed and muted day of trading, the S&P 500 rose 6.55 points, or 0.2%,...

NEW YORK — Retail sales fell 1.1% in November, the biggest drop in seven months, and a sign Americans held back on spending during the start of the holiday shopping season. The U.S. Commerce Department also revised October’s number, saying on Wednesday that retail sales actually fell 0.1% that month,...

NEW YORK — Ben Black bought what he thought was a well-priced drone online. But the drone never showed up, the site stopped responding to his emails and he never got his $100 back. He was scammed. “I’m I got caught in it,” says Black, who lives in Westminster,...

NEW YORK — Stocks notched broad gains Tuesday on Wall Street as renewed optimism that Washington will deliver more aid to the struggling economy put investors in a buying mood. The S&P 500 climbed 1.3%, snapping a four-day losing streak. Technology companies powered much of the rally, which helped push...

It’s the season of giving, and Trib Total Media wants to show its gratitude to locally owned businesses. The Trib announced Monday it will give new matching grants to local small businesses recovering from the covid-19 pandemic and ensuing economic downturn. With the Shop Local Marketing Grant 2021, Trib Total...

Perhaps you’ve seen the Energizer Bunny in a battery commercial. It is “still going” long after you’d expect it to fade. That bunny is the namesake for my Bunny Portfolio, a hypothetical stock portfolio I created in 1999. These are stocks that have shown rapid earnings growth (25% or better)...

Stocks ended mostly lower on Wall Street Monday after an early rally evaporated. In the U.S., investors are waiting to see if Congress can break a logjam on delivering more aid to people, businesses and local governments affected by the coronavirus pandemic, while in Europe talks continue on trying to...

Domino’s Pizza has announced that it will pay bonuses this month to more than 11,500 company-owned store and supply chain hourly team members and drivers with bonuses totaling more than $9.6 million. Employees will receive a bonus of up to $1,200. Domino’s said it previously had “paid a special bonus...

U.S. wholesale prices edged up just 0.1% in November with the economic disruption from the pandemic continuing to suppress demand and keeping inflation at extremely low levels. The increase in the producer price index, which measures inflation pressures before they reach the consumer, followed bigger gains of 0.3% in October...