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Business category, Page 208

Pope Francis, first Latin American pontiff, dies at 88
Amazon to give warehouse workers masks and check temperatures after employee walkouts 
Amazon is taking extra measures to protect its employees from coronavirus after recent public outcry and employee walk-outs. The company has ordered millions of face masks that are now arriving at warehouse centers for employees to wear. “Masks will be available as soon as today in some locations and in...
Stocks end another whipsaw day solidly higher, led by energy 
NEW YORK — Wall Street rallied Thursday for its first gain in three days after a sudden surge in oil prices revived beaten-down energy stocks. But, as has so often been the case in this year’s market sell-off, it took a few U-turns to get there. The price of crude...
Stocks climb as soaring oil prices resuscitate energy stocks 
NEW YORK — Wall Street pushed higher Thursday after a surge in oil prices helped resuscitate beaten-down energy stocks. The gains helped overshadow another report showing the coronavirus outbreak is forcing a record-breaking number of Americans into the unemployment queue. The S&P 500 rose more than 1.5% in morning trading...
Full Pint brewery closing, citing debt and market changes
Full Pint Brewery Co., one of the region’s first craft beer makers, said it is shutting down its operations. Full Pint filed for Chapter 11 bankruptcy in November, seeking protection from creditors while hoping to reorganize the brewery’s debt and possibly attract new investors, according to Barrett Goddard of Ligonier,...
Record 6.6 million Americans apply for unemployment in 1 week 
WASHINGTON — More than 6.6 million Americans applied for unemployment benefits last week — doubling a record high set just one week earlier — a sign that layoffs are accelerating in the midst of the coronavirus. The stunning report Thursday from the Labor Department showed that job cuts are mounting...
West Virginia governor's coal companies to pay $5M in fines
CHARLESTON, W.Va. — Billionaire West Virginia Gov. Jim Justice’s coal companies have agreed to pay more than $5 million for thousands of mine safety violations, federal prosecutors said Wednesday. The civil case brought by prosecutors in Virginia last year on behalf of the U.S. Department of Labor and the Mine...
Levin Furniture rescue complicated by Art Van bankruptcy; Pa. attorney general looks to protect customers
Robert Levin’s plans to revive the family furniture chain he sold in 2017 may be on hold until complex bankruptcy proceedings in Delaware unwind, he said. Also involved in those proceedings, with a scheduled hearing on Friday, is Pennsylvania Attorney General Josh Shapiro’s office, which is representing Levin Furniture customers...
Pittsburgh-based Honeycomb Credit offers loans to small businesses during coronavirus
Small businesses are among the hardest hit economically during the coronavirus pandemic. But there are now more options for help. Pittsburgh-based Honeycomb Credit, a startup investment crowdfunding platform, announced Wednesday the launch of its first Relief Loan Campaign. It provides working capital loans to small businesses during the pandemic. Each...
Fine Wine & Good Spirits losing $6.5 million a day, restarts online sales
Record sales on the eve of Gov. Tom Wolf’s temporary closure of state-run wine and liquor stores won’t be enough to offset growing losses — which threaten to end a two-decade streak of new revenue highs, a Tribune-Review analysis shows. Fine Wine & Good Spirits stores shuttered two weeks ago,...
Stocks skid worldwide as coronavirus infections keep soaring 
NEW YORK — U.S. stocks joined a worldwide downdraft Wednesday as more signs piled up of the economic and physical pain being caused by the coronavirus outbreak. The S&P 500 dropped close to 3% in midday trading after President Donald Trump warned Americans to brace for “one of the roughest...
U.S. construction spending down 1.3% in February 
WASHINGTON — Spending on U.S. construction projects fell 1.3% in February with housing and nonresidential construction both showing weakness even before the coronavirus struck with force in the United States. The Commerce Department said Wednesday that the February decline followed a 2.8% rise in construction in January. Economists are forecasting...
What you need to do to get your government stimulus check
The IRS and the Treasury Department say Americans will start receiving their economic impact checks in the next three weeks. The payments are part of the $2.2 trillion rescue package signed into law last week by President Donald Trump aimed at combating the economic ravages of the coronavirus outbreak. Most...
Stocks fall, closing out their worst quarter since 2008 
NEW YORK — Stocks are down in subdued trading Tuesday, as Wall Street’s wraps up its worst quarter of performance since the 2008 financial crisis. The S&P 500 is down in afternoon trading after flipping between modest losses and gains, pushing its loss for the first three months of the...
Marriott says new data breach affects 5.2 million guests 
Marriott says guests’ names, loyalty account information and other personal details may have been accessed in the second major data breach to hit the company in less than two years. Marriott said Tuesday approximately 5.2 million guests worldwide may have been affected. The information taken may have included names, addresses,...
Trump administration rolls back vehicle mileage standards 
WASHINGTON — The Trump administration rolled backed ambitious Obama-era vehicle mileage standards Tuesday, raising the ceiling on damaging fossil fuel emissions for years to come and gutting one of the United States’ biggest efforts against climate change. The Trump administration released a final rule Tuesday on mileage standards through 2026....
Wall Street dips, on pace for worst quarter since 2008 
NEW YORK — Stocks fell in early trading Tuesday, as Wall Street closes in on its worst quarterly performance since the most harrowing days of the 2008 financial crisis. The S&P 500 dipped by less than 1% in the first few minutes of trading, extending its loss for the first...
John Dorfman: Now look closely at the Stock Market Casualty List
The market’s battlefield is littered with casualties. Each quarter I write about stocks that have been wounded and that I think have excellent recovery potential. I call it the Casualty List. This quarter there are many candidates: Dozens of solid stocks are down 40% or more. Blame the coronavirus and...
Macy's to furlough majority of its 130,000 workers
Macy’s says it will stop paying tens of thousands of employees who were thrown out of work when the chain closed its stores in response to collapsing sales during the pandemic. The majority of its 130,000 employees, including stock people and sales clerks, will still collect health benefits, but the...
U.S. pending home sales trended higher before virus outbreak
BALTIMORE — Americans signed more contracts in February to buy homes, but the gains are likely relics of a moment before the coronavirus outbreak sent the U.S. economy spiraling into a likely recession. The National Association of Realtors said Monday that its pending home sales index, which measures the numbers...
Stocks inch up amid uncertainty about virus toll; oil falls 
NEW YORK — U.S. stocks are shaky in early trading on Monday, as markets around the world made tentative moves amid all the uncertainty about whether global authorities can do enough to nurse the economy through the coronavirus outbreak. The S&P 500 was up close to 1% in the first...
Instacart workers seek strike as jobs get busier, riskier 
NEW YORK — A possible strike by Instacart workers highlights the impact of the coronavirus outbreak on the grocery delivery business, where workers are worried about their safety as they try to meet a surge in demand for online groceries. A group called the Gig Workers Collective is calling for...
New Jersey pizzeria borrows to keep workers on job, spurs donations 
BELMAR, N.J. — This is a story about bosses and their workers, in the dark days of covid-19. It’s also a story about how one good turn deserves another and yet another. And this being New Jersey, it’s also a story about pizza. Bryan Morin and his brother Michael operate...
Stocks move lower on Wall Street following a big 3-day rally 
Stocks are lower Friday on Wall Street, remaining little changed after Congress voted to pass a big financial rescue package aimed at cushioning ailing businesses and households from the coronavirus crisis. The selling erased some of the market’s gains after a strong three-day rally that has the major stock indexes...
Home internet jammed up? Try these steps before upgrading
With so much of the U.S. workforce — and its families — now cooped up at home to combat the spread of the novel coronavirus, it’s not a huge surprise that home internet is showing the strain. If you’ve had a business videoconference stutter while your teenagers play Call of...
Peeps production stops, but Easter is covered 
No more Peeps are being hatched for at least a couple of weeks — but it shouldn’t affect Easter baskets. The Bethlehem, Pennsylvania-based Just Born confections company said its production facilities there and in Philadelphia closed Wednesday through April 7. But the company says it had already produced and shipped...


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