Business

HENNIKER, N.H. — When Hector Xu was learning to fly a helicopter in college, he recalled having a few “nasty experiences” while trying to navigate at night. The heart-stopping flights led to his research of unmanned aircraft systems while getting his doctorate degree in aerospace engineering at Massachusetts Institute of...

NEW YORK — Walmart ratcheted up sales and profits again in the third quarter with its comparatively low prices proving a powerful draw for shoppers seeking to cut spending where they could. The nation’s largest retailer raised its outlook for the year as well, underscoring its confidence in a strong...

Westmoreland County officials are hopeful a stronger Spirit Airlines will emerge from Chapter 11 bankruptcy and is able to reverse a cutback in the commercial carrier’s flights at Arnold Palmer Regional Airport. With that in mind, the county airport authority is restoring reservation desk staffing it had curtailed at the...

Griffin and Naomi Lotson have gotten used to weaving through stacks of books piled high in their Indiana Borough home. Books line the walls of the Lotson’s three-car garage, allowing just enough room for them to park their vehicles. “We could barely fit our van in there,” said Naomi Lotson,...

NEW YORK — With Thanksgiving less than two weeks away, Walmart, Target, Aldi and other grocers are competing for a place on holiday tables with turkey dinner deals and other promotions to tempt Americans who haven’t recovered from recent food price inflation. Walmart, the nation’s largest food retailer, first bundled...

Spirit Airlines said Monday that it has filed for bankruptcy protection and will attempt to reboot as it struggles to recover from the pandemic-caused swoon in travel, stiffer competition from bigger carriers, and a failed attempt to sell the airline to JetBlue. Spirit, the biggest U.S. budget airline, filed a...

McDonald’s is investing $100 million to bring customers back to stores after an outbreak of E. coli food poisoning tied to onions on the fast-food giant’s Quarter Pounder hamburgers. The investments include $65 million that will go directly to the hardest-hit franchises, the company said. The U.S. Centers for Disease...

A historic building is slated to be transformed into a new restaurant, thanks to a celebrity interior designer with a penchant for putting the spotlight on Sewickley. Plans for a proposed new restaurant cleared a hurdle Nov. 5 when Sewickley zoning board officials unanimously (5-0) approved a zoning variance request...

Melissa Horvath had just gotten engaged and was perusing the online platform Etsy looking for wedding invitations when this thought came to mind, “I could do this,” she said. So she did. The Sewickley resident started a business – Sweet Water Decor — in her basement in December 2014. “I’ve...

NEW YORK — U.S. stocks are falling Friday toward their worst loss since Election Day as the big bump Wall Street got from last week’s victory for Donald Trump and cut to interest rates by the Federal Reserve keeps fading. The S&P 500 sank 1.4% and was heading for a...

As traditional cable television fades and online streaming services grow in popularity, users have a common burden: rising bills. Data from the Bureau of Labor Statistics shows almost 30 straight years of consumers paying more for cable, satellite and — since they were introduced in the late 2000s — livestream...

The for-profit company behind the planned $740 million Esplanade development on Pittsburgh’s North Shore is asking the city, Allegheny County and Pittsburgh Public Schools for a long-term massive tax break. Canonsburg-based Piatt Companies is requesting a deal that would take nearly $54 million in property tax revenue and plow it...

DETROIT — Ford Motor Co. will pay a penalty of up to $165 million to the U.S. government for moving too slowly on a recall and failing to give accurate recall information. The National Highway Traffic Safety Administration says in a statement Thursday that the civil penalty is the second-largest...

WASHINGTON — Wholesale prices in the United States rose last month, remaining low but suggesting that the American economy has yet to completely vanquish inflationary pressure. Thursday’s report from the Labor Department showed that its producer price index — which tracks inflation before it hits consumers — rose 0.2% from...

LOS ANGELES — Social media site Bluesky has gained 1 million new users in the week since the U.S. election, as some X users look for an alternative platform to post their thoughts and engage with others online. Bluesky said Wednesday that its total users surged to 15 million, up...

WASHINGTON — Inflation in the United States ticked up in October, driven by costlier rents, used cars and air fares, a sign that price increases might be leveling off after having slowed in September to their lowest pace since 2021. Consumer prices rose 2.6% from a year earlier, the Labor...

LOS ANGELES — Donald Trump’s election win is clouding the outlook for mortgage rates even before he gets back to the White House. The president-elect campaigned on a promise to make homeownership more affordable by lowering mortgage rates through policies aimed at knocking out inflation. But his proposed economic agenda...

DETROIT — General Motors is recalling nearly 462,000 pickup trucks and big SUVs with diesel engines because the rear wheels can lock up, increasing the risk of a crash. The recall in the U.S. covers certain Chevrolet Silverado and GMC Sierra 1500, 2500 and 3500 pickups from the 2020 through...

Food and beverage manufacturer Kraft Heinz said Tuesday that it no longer is serving the Lunchables meals it created for U.S. schools. The company introduced the two packaged meals — one starring pizza and the other a turkey, cheddar cheese and cracker plate — at the beginning of the 2023-2024...

Pittsburgh’s Planning Commission on Tuesday approved the master plan for a riverfront development that intends to bring a nearly 200-foot-tall Ferris wheel, housing, entertainment and shopping to the city’s North Shore. Dubbed Esplanade, the development would revitalize a roughly 15-acre brownfield along the Ohio River in Pittsburgh’s Chateau neighborhood. Canonsburg-based...

President-elect Donald Trump made many promises on the campaign trail. He said he would eliminate taxes on tips and overtime pay, deport masses of undocumented immigrants and solve the conflict in the Middle East. His supporters have celebrated his victory Tuesday, hoping a second Trump administration will mean a better...

A federal judge will decide by the end of Thursday whether to block the closure of a Pyrex-making glassware plant in Charleroi that is a major employer in the Mon Valley. The Pennsylvania Attorney General is seeking a preliminary injunction to prohibit Centre Lane Partners, a private equity firm working...

After a tumultuous year filled with anxiety and a legal battle about its future in the U.S., TikTok may have just been thrown a lifeline by the man who was once its biggest foe: Donald Trump. President-elect Trump, who tried to ban the social media platform the last time he...

Stocks that are cheap relative to book value appeal to me a great deal. What’s book value? It’s basically a company’s net worth — its assets minus its liabilities. The figure is often expressed per share of common stock. General Motors Co. (GM), for example, has a book value of...

WASHINGTON — Fed up with high prices and unimpressed with an economy that by just about any measure is a healthy one, Americans demanded change when they voted for president. They could get it. President-elect Donald Trump has vowed to topple many of the Biden administration’s economic policies. Trump campaigned...