Business category, Page 21
Claire’s, known for piercing millions of teens ears, files for Chapter 11, 2nd time since 2018
NEW YORK — Mall-based teen accessories retailer Claire’s, known for helping to usher in millions of teens into an important rite of passage — ear piercing — but now struggling with a big debt load and changing consumer tastes, has filed for Chapter 11 bankruptcy protection. Claire’s Holdings LLC and...
Trump will highlight Apple’s plans to invest $100B more in U.S., raising total to $600B
WASHINGTON — President Donald Trump on Wednesday is expected to celebrate at the White House a commitment by Apple to increase its U.S. investments by an additional $100 billion over the next four years. “Today’s announcement with Apple is another win for our manufacturing industry that will simultaneously help reshore...
WhatsApp takes down 6.8 million accounts linked to criminal scam centers, Meta says
WhatsApp has taken down 6.8 million accounts that were “linked to criminal scam centers” targeting people online around that world, its parent company Meta said this week. The account deletions, which Meta said took place over the first six months of the year, arrive as part of wider company efforts...
Giant Eagle partners with billionaire Mark Cuban to slash some drug prices
Billionaire Mark Cuban’s drug company has partnered with Giant Eagle pharmacies to make certain medications more affordable. As of Friday, customers across Giant Eagle’s five-state pharmacy network may be able to fill their prescriptions for less money through Cost Plus Drug’s Team Cuban Card. The company buys drugs directly from...
Tesla awards CEO Elon Musk millions of shares valued at about $29 billion
Tesla gave Elon Musk a stock grant of $29 billion on Monday as a reward for years of “transformative and unprecedented” growth despite a recent foray into right-wing politics that has hurt its sales, profits and its stock price. In giving its billionaire CEO 96 million in restricted shares, the...
Sewickley’s Spoiled Chics closing at end of August
Saying goodbye is never easy. Cora DeLoia stood in the doorway of her Sewickley boutique and reminisced about everything she will miss about Spoiled Chics, which is closing at the end of August. Since 2003, it’s been a staple in the heart of Sewickley on Beaver Street. “Through this door...
Boeing workers who build fighter jets plan to go on strike
NEW YORK — Boeing workers who build fighter jets are planning to go on strike Monday at midnight Central Daylight Time. About 3,200 workers at Boeing facilities in St. Louis; St. Charles, Missouri; and Mascoutah, Illinois, voted to reject a modified four-year labor agreement with Boeing, the International Association of...
Trump’s former jobs data chief decries firing of his successorVideo
President Donald Trump’s firing of the chief labor statistician was criticized by her predecessor, who called it an unfounded move that will undermine confidence in a key data set on the U.S. economy. “This is damaging,” William Beach, whom Trump picked in his first term to head the Bureau of...
Jury orders Tesla to pay more than $240 million in Autopilot crash case
MIAMI — A Miami jury decided that Elon Musk’s car company Tesla was partly responsible for a deadly crash in Florida involving its Autopilot driver assist technology and must pay the victims more than $240 million in damages. The federal jury held that Tesla bore significant responsibility because its technology...
Google loses appeal in antitrust battle with Fortnite maker
SAN FRANCISCO — A federal appeals court has upheld a jury verdict condemning Google’s Android app store as an illegal monopoly, clearing the way for a federal judge to enforce a potentially disruptive shakeup that’s designed to give consumers more choices. The unanimous ruling issued Thursday by the Ninth Circuit...
U.S. employers added 73,000 jobs last month as labor market weakens in face of Trump trade wars
WASHINGTON — U.S. employers added just 73,000 jobs last month and Labor Department revisions showed that hiring was much weaker than previously reported in May and June. The unemployment rate ticked up to 4.2%. The unexpectedly weak report raises questions about the health of the job market and the economy...
BMW of Sewickley under new ownership
BMW of Sewickley has a new owner who is no stranger to the automotive industry. Taso Theodorou started selling cars as a teenager in Chicago, and said the journey to Western Pennsylvania has been a smooth one. “I’ve had a little bit of time to get out there and go...
Trump calls on the Federal Reserve board to take full control of the central bank from Powell
WASHINGTON — President Donald Trump on Friday called for the Federal Reserve’s board of governors to usurp the power of Fed Chair Jerome Powell, criticizing the head of the U.S. central bank for not cutting short-term interest rates. Posting on his Truth Social platform, Trump called Powell “stubborn.” The Fed...
Trump’s new tariffs give some countries a break, while shares and U.S. dollar sink
BANGKOK — U.S. President Donald Trump’s new tariff rates of up to 41% on U.S. imports from dozens of countries drew expressions of relief Friday from some countries that negotiated a deal or managed to whittle them down from rates announced in April. Others expressed disappointment or frustration over running...
American Eagle’s new ad with Sydney Sweeney faces backlash
American Eagle Outfitters, Inc., a clothing and apparel retailer headquartered in South Side, has gone viral over the past few days for a controversial denim campaign starring actress Sydney Sweeney. The campaign’s tagline “Sydney Sweeney has great jeans” sparked backlash. Some have accused the clothing company of making nods to...
Trump injects new dose of uncertainty in tariffs as he pushes start date back to Aug. 7
WASHINGTON — For weeks, President Donald Trump was promising the world economy would change on Friday with his new tariffs in place. It was an ironclad deadline, administration officials assured the public. But when Trump signed the order Thursday night imposing new tariffs on 66 countries, the European Union, Taiwan...
Is a grocery store on tap for downtown New Kensington?
The new owner of Central City Plaza in downtown New Kensington hopes to fill vacant space there by the end of this year and to get a grocery store operational next year. “We’re pretty confident we can better manage the property, and we saw a lot of potential in the...
U.S. applications for jobless benefits inch up for the 1st time in 7 weeks, but layoffs remain low
WASHINGTON — The number of Americans filing for jobless benefits inched up modestly last week as business continue to retain staff despite economic uncertainty around U.S. trade policy. The Labor Department reported Thursday that jobless claims for the week ending July 26 ticked up by 1,000 to 218,000, less than...
A key U.S. inflation gauge rose last month as Trump’s tariffs lifted goods prices
WASHINGTON — The Federal Reserve’s preferred inflation gauge ticked higher last month in a sign that President Donald Trump’s broad-based tariffs are starting to lift prices for many goods. Prices rose 2.6% in June compared with a year ago, the Commerce Department said Thursday, up from an annual pace of...
Recall issued over Celsius energy drinks mistakenly containing vodka
MODESTO, Calif. — Energy drinks that mistakenly contain vodka are being recalled in half a dozen states. High Noon is recalling two production lots of High Noon Beach Variety packs because some packs include cans containing vodka that were mislabeled as Celsius Astro Vibe Energy Drink, according to a U.S....
JCPenney stores in Westmoreland and Robinson malls to be sold but will remain open
Two JCPenney stores in Western Pennsylvania will be sold to a private equity firm near Boston about five years after the retailer filed for bankruptcy, but those stores will remain open. JCPenney’s locations in Westmoreland Mall and the Mall at Robinson will be among 119 stores sold to Onyx Partners...
Nippon rounds out U.S. Steel board with ‘world-class’ American businessmen from outside steel industry
Nippon Steel has appointed three more members to U.S. Steel’s board of directors as the Japanese firm molds its new acquisition. The directors announced Wednesday are all U.S. citizens, giving the board four American and three Japanese seats. As a condition of approving Nippon’s takeover of U.S. Steel in June,...
Federal Reserve leaves interest rates unchanged even as Trump demands cuts
WASHINGTON — The Federal Reserve left its key short-term interest rate unchanged for the fifth time this year, brushing off repeated calls from President Donald Trump for a cut. The Fed’s decision Wednesday leaves its key short-term rate at about 4.3%, where it has stood after the central bank reduced...
Sephora opens Strip District Terminal store
A new standalone Sephora store is now open in the Strip District Terminal. Sephora carries more than 300 makeup, skincare, hair and fragrance brands, according to the store announcement. The beauty giant’s latest Pittsburgh area location opened last week at 1649 Smallman St. Other standalone Sephora locations in the region...
Pittsburgh Mills owners ordered to pay $1.8M in fines over parking lot, landscape citations
After months of mounting criticism over its crumbling parking lots and overgrown landscaping, the owner of the Pittsburgh Mills has been slapped with more than $1.8 million in fines stemming from dozens of maintenance violations. District Judge Michael Girardi handed down the penalties during a July 17 hearing after an...
