Business category, Page 73

Average long-term U.S. mortgage rate falls again, easing to lowest level since early April

LOS ANGELES — Home loan borrowing costs eased again this week as the average rate on a 30-year mortgage declined to its lowest level since early April. The rate fell to 6.87% from 6.95% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.67%. This...
North Huntingdon commissioners want more time to consider natural gas lease

A majority of North Huntingdon commissioners decided this week they need more time to study a proposed lease to tap into a pocket of natural gas trapped in a 4½-acre parcel of township land and possibly extract a better deal from the drilling company. Commissioners on Wednesday voted 5-2 to...
U.S. jobless claims fall to 238,000 from 10-month high, remain low by historical standards

WASHINGTON — The number of Americans applying for unemployment benefits slipped last week as the U.S. labor market remained resilient. The Labor Department reported Thursday that jobless claims fell by 5,000 to 238,000 from a 10-month high of 243,000 the week before. The four-week average of claims, which evens out...
Kansas is making a big run at Kansas City’s pro teams with a plan to help pay for new stadiums

TOPEKA, Kan. — Kansas is making a serious run at becoming the new home for the reigning Super Bowl champions with legislators approving a plan Tuesday to lure the Chiefs and Major League Baseball’s Kansas City Royals away from Missouri. Bipartisan legislative supermajorities OK’d the measure to authorize state bonds...
Fisker files for bankruptcy, the second electric vehicle maker to do so in past year

Electric vehicle maker Fisker filed for Chapter 11 bankruptcy protection, the second electric startup to do so in the last year as even industry leaders struggle to lure more buyers beyond the early adapters of the technology. Fisker Group Inc. said in a filing with the U.S. Bankruptcy Court in...
Dollar Tree left lead-tainted applesauce pouches on store shelves for weeks after recall, FDA says

Dollar Tree failed to effectively recall lead-tainted applesauce pouches linked to reports of illness in more than 500 children, leaving the products on some stores shelves for two months, the Food and Drug Administration said Tuesday. The FDA sent a warning letter to Dollar Tree this month and placed Negasmart,...
John Dorfman: These are the stocks I own

If you’re an investment manager and you tout the stocks you own, it’s called “talking your book.” I try not to do too much of it in this column. But once a year I write about the stocks I own personally and for most of my clients. Here we go...
Apple kills off its buy now, pay later service barely a year after launch

NEW YORK — Apple is discontinuing its buy now, pay later service known as Apple Pay Later barely a year after its initial launch in the U.S., and will rely on companies who already dominate the industry like Affirm and Klarna. It’s an acknowledgement from a company known for producing...
Tupperware shutting down its only U.S. factory, moving production to Mexico, report says

The iconic brand, Tupperware, is closing its factory in the Palmetto State. Tupperware filed a WARN (Worker Adjustment and Retraining Notification) notice in South Carolina informing the state it is closing its facility at 248 Tupperware Road in Hemingway, South Carolina and 148 people will be laid off. The layoffs...
Amazon Labor Union workers vote overwhelmingly in favor of affiliation with Teamsters

Workers who are part of the Amazon Labor Union are aligning themselves with the Teamsters, overwhelmingly voting in favor of an affiliation. The ALU members voted 98.3% in favor of the affiliation, the International Brotherhood of Teamsters said Tuesday. The affiliation gives the union workers access to various resources as...
Pennsylvania waste company finds $10M in loose change

You know what they say: One man’s trash is another man’s treasure. A waste management company in Pennsylvania has collected about $10 million in coins that’ve been tossed away over the years. Fox Business reports how Ash Processing at Reworld — which is located in Morrisville, Bucks County — “bridges...
The IRS wants to end another major tax loophole for the wealthy and raise $50 billion in the process

WASHINGTON — The IRS plans to end a major tax loophole for wealthy taxpayers that could raise more than $50 billion in revenue over the next decade, the U.S. Treasury Department says. The proposed rule and guidance announced Monday includes plans to essentially stop “partnership basis shifting” — a process...
Pittsburgh tops list as most affordable housing market in U.S. — but there’s a catch

Pittsburgh’s housing market is the most affordable in the United States, according to a study by a university in California. However, the report’s authors say, the ‘Burgh still falls just short of true affordability. Issued by the Center for Demographics and Policy at Chapman University and the Frontier Centre for...
Robinson-based Sabika jewelry closing after 23 years

Endings create new beginnings. That philosophy inspired Karin Mayr to launch Sabika, a Pittsburgh-based, woman-owned jewelry company. For 23 years, the business has sold sparkling necklaces, earrings, bracelets and rings through stylists who specialize in knowledge of the brand. That beginning has now reached an end. Mayr and her daughters,...
Southwest plane plunged within 400 feet of ocean near Hawaii

A Southwest Airlines Co. passenger flight in April came within 400 feet of slamming into the ocean off the coast of Hawaii after weather conditions forced pilots to bypass a landing attempt. The Boeing Co. 737 Max 8 jet briefly dropped at an abnormally high rate of more than 4,000...
Microsoft delays controversial AI Recall feature on new Windows computers

REDMOND, Wash. — New laptops equipped with Microsoft Windows start shipping to customers next week without a flagship feature called Recall that drew concerns about privacy and cybersecurity. Microsoft CEO Satya Nadella touted the new Recall feature at a showcase event last month, describing it as a step toward artificial...

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