Development
SUBSCRIBE NEWSLETTERS
ADVERTISE| CLASSIFIEDS| JOBS| E-TRIB
HIGH SCHOOL SPORTS NETWORK TRIBLIVE LOCAL
Western Pennsylvania's trusted news source
Business category | TribLIVE.com

Business category, Page 199

Pope Francis, first Latin American pontiff, dies at 88
Pittsburgh Post-Gazette reporter sues newspaper over protest coverage ban
A Pittsburgh Post-Gazette reporter is suing the newspaper, claiming racial discrimination and retaliation after management barred her from covering local protests stemming from the death of George Floyd. The federal lawsuit filed Tuesday is the latest in a series of events that began June 1, the date on which the...
Stocks rally worldwide on hopes for coming economic recovery 
NEW YORK — Stocks rose again Tuesday, part of a strong and worldwide rally for markets, after a big rebound in buying at U.S. stores and online raised hopes that the economy can escape its recession relatively quickly. The S&P 500 climbed 1.9% for its third straight gain, bringing it...
Children's Place to close 300 stores by end of 2021
The Children’s Place will close nearly a third of its stores by the end 2021, the specialty apparel retailer announced recently in revealing its first quarter 2020 results. The company said it plans to close 200 stores in 2020, and another 100 in 2021. The Children’s Place had 920 stores...
EU opens antitrust probes into Apple Pay and App Store 
LONDON — European Union regulators began two antitrust investigations on Tuesday into Apple’s mobile app store and payment platform over concerns its practices distort competition, opening a new front in the EU’s battle against the dominance of big tech companies. The EU’s executive Commission said it launched the formal investigations...
John Dorfman: T. Rowe Price, Align Technology, PetMed Express show high profit, low debt
Ask some average investors how to identify a company that’s doing well. They will probably reply, “Good earnings growth and a rising stock price.” Well, sure, those things are fine. But I feel that most investors neglect at least two other important characteristics: high profitability and low debt. High profits...
Auto workers chief, prosecutor to discuss reforming union
DETROIT — The head of the United Auto Workers will meet this month with the U.S. attorney in Detroit to discuss potential changes for the union following a wide-ranging corruption probe. Matthew Schneider, the U.S. Attorney for the Eastern District of Michigan, has floated the idea of the government taking...
Stocks erase an early loss after Fed widens bond purchases 
NEW YORK — Wall Street rallied back from a sharp, early slump on Monday to notch modest gains after the Federal Reserve unveiled its latest push to prop up the economy. The S&P 500 climbed 0.8% in the latest day of big swings for global markets, as a remarkable, weekslong...
Hotels in Westmoreland County, impacted by coronavirus, could see growth in coming years
Hotels in Westmoreland County are expected to stray from national numbers depicting a ravaged travel industry following the coronavirus pandemic, making way for close to a full recovery and leaving room for future growth, local leaders said. Nationally, occupancy rates could plummet by 28% this year, a drop that is...
Fed’s Jerome Powell to bring sober message this week to Capitol Hill
WASHINGTON — Federal Reserve Chairman Jerome Powell will deliver a cautionary message about the economy and covid-19 when he appears twice this week on Capitol Hill. His remarks to lawmakers are widely expected to echo the mostly downbeat assessment he gave Wednesday after policymakers held interest rates near zero at...
Care-free days at theme parks giving way to virus safeguards
TOLEDO, Ohio — Hugs from Mickey Mouse are out at Walt Disney World. So is bunching up at Six Flags to snag a front-seat roller coaster ride. But the season won’t be completely lost for thrill-seekers. Carefree days of sharing cotton candy on crowded midways will give way this year...
Stocks bounce higher on Wall Street a day after big rout
Stocks moved higher on Wall Street in afternoon trading Friday, recouping some of their losses a day after the market had its biggest rout since mid-March. The S&P 500 was up 0.7% a day after dropping 5.9%. The benchmark index is still headed for a weekly loss following three weeks...
Band-Aid is expanding bandage skin tone options
Band-Aid is embracing diversity. Johnson & Johnson announced Thursday it would be rolling out several new skin tone colors for its bandages. “We hear you. We see you. We’re listening to you,” the company said in a post on its Instagram page. “We are committed to launching a range of...
URA, Citizens Bank donate $15,000 to Pittsburgh Black Business Relief Fund
A local consulting agency that seeks to advance black businesses in the Pittsburgh area has secured a $15,000 grant via a joint effort from the Urban Redevelopment Authority of Pittsburgh and Citizens Bank. Cocoapreneur has started the Pittsburgh Black Business Relief Fund to alleviate the financial burden for black-owned businesses...
Microsoft joins Amazon, IBM in pausing face scans for police
Microsoft has become the third big tech company this week to say it won’t sell its facial recognition software to police, following similar moves by Amazon and IBM. Microsoft’s president and chief counsel, Brad Smith, announced the decision and called on Congress to regulate the technology during a Washington Post...
Dow sinks 1,800 as virus cases rise, deflating optimism 
The Dow Jones industrials lost more than 1,800 points, nearly 7%, as increases in coronavirus cases deflated optimism that the economy could recover quickly from its worst crisis in decades. The pullback Thursday comes after the market has been screeching higher for more than two months at a pace that...
1.5 million more laid-off workers seek unemployment benefits - Jun. 11, 2020 
WASHINGTON — About 1.5 million laid-off workers applied for U.S. unemployment benefits last week, evidence that many Americans are still losing their jobs even as the economy appears to be slowly recovering with more businesses partially reopening. The latest figure from the Labor Department marked the 10th straight weekly decline...
Just Eat swallows Grubhub creating restaurant delivery giant
Two pioneers in restaurant delivery — Just Eat Takeaway.com and Grubhub — are combining in a $7.3 billion deal that will create one of the world’s largest delivery companies. Amsterdam-based Just Eat Takeaway.com said late Wednesday that it was acquiring Chicago-based Grubhub, snatching it away from ride-hailing giant Uber, which...
Amazon bans police use of its face recognition for a year
NEW YORK — Amazon on Wednesday banned police use of its face-recognition technology for a year, making it the latest tech giant to step back from law-enforcement use of systems that have been criticized for incorrectly identifying people with darker skin. The Seattle-based company did not say why it took...
Fed to keep buying bonds and sees no rate hike through 2022
WASHINGTON — The Federal Reserve says it will keep buying bonds to maintain low borrowing rates and support the U.S. economy in the midst of a recession. And it says nearly all the Fed’s policymakers foresee no rate hike through 2022. The Fed has cut its benchmark short-term rate to...
Ford, VW to collaborate on vans, pickup, electric vehicle 
DEARBORN, Mich. — Ford and Volkswagen will each offer a small city van, a larger cargo van, a small pickup truck and an electric vehicle as part of their global alliance announced last year. The companies announced some details of what the venture will yield Wednesday, with the city van...
Stocks slide on glum growth forecast, eye Fed decision 
BANGKOK — World shares turned lower on Wednesday after a downbeat forecast for the global economy and as investors awaited the outcome of a Federal Reserve policy meeting. Markets in Europe and Wall Street futures shed their gains and were largely down for the day after the Organization for Economic...
Kennametal to cut global workforce 10% by end of year
Facing a weakness in its industrial markets caused by the covid-19 pandemic, Kennametal Inc. said Tuesday it is accelerating its plans to permanently cut about 10% of its salaried workforce, a reduction on a global scale it expects to substantially complete by the end of the year. Kennametal, an industrial...
4 casinos in region reopen with safety measures; 5th reopens Friday
The familiar ping of slot machines returned to four casinos in the region after a three-month closure due to public safety concerns caused by the coronavirus. The Meadows Racetrack & Casino in Washington County joined the Rivers Casino on Pittsburgh’s North Shore Tuesday as they reopened since being ordered to...
CrossFit founder, dropped by Reebok, apologizes about tweet
SILVER SPRING, Md. — The founder of CrossFit is apologizing for a Twitter post he made about racial inequality protests after Reebok cut ties with his company. On Saturday, the Institute of Health Metrics and Evaluation tweeted: “Racism is a Public Health Issue.” In a response, also on Twitter, CrossFit...
Tailoring portfolios to coronavirus and recession
February through May, my firm has been recasting our clients’ portfolios to reflect a continuing coronavirus epidemic and a recession of unknown length. We maintain a Model Portfolio, and about three quarters of our client accounts track it pretty closely. Here are the stocks in it, all of which I...


Editor's Picks

Pittsburgh local music spotlight: Mellowscape

Front Porch Theatricals' musical 'Baby' is a labor of love
Washington townhouse on the market for $1,225,000
Folk legend Bruce Cockburn gives uplifting performance at City Winery
‘Champagne & Chapeaux’: Westmoreland Symphony's annual soiree for a good cause
More Editor's Picks >