Business

NEW YORK — Target confirmed Friday that it won’t carry Pride Month merchandise at all stories this spring after the discount retailer experienced backlash and lower sales over its collection honoring LGBTQ+ communities. Target, which operates roughly 2,000 stores, said decisions about where to stock Pride-themed products, including adult apparel,...

Mindful Brewing Company in Castle Shannon will soon have a new name: Chimera Brewing. Galley Group announced on Mindful Brewing’s Facebook page Friday that it is the new owner of the brewing company located on Library Road. The Facebook post garnered more than 370 likes and hearts within the first...

TikTok will begin labeling content created using artificial intelligence when it’s been uploaded from outside its own platform in an attempt to combat misinformation. “AI enables incredible creative opportunities, but can confuse or mislead viewers if they don’t know content was AI-generated,” the company said in a prepared statement Thursday....

DETROIT — In another case of Detroit automakers surrendering car sales to foreign competition, General Motors Co. this fall will retire its last mainstream gas-powered sedan when production of the Chevrolet Malibu ends after nine generations. The Detroit automaker confirmed Wednesday it will stop producing the mid-size sedan in November...

FTX says that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded, and some will get more than that. FTX said in a court filing late Tuesday that it owes about $11.2 billion to its creditors. The exchange...

Jerome Powell, head of the Federal Reserve, made it official a few days ago. “Higher for longer” interest rates are the policy of the nation’s central bank, and that’s likely to last for at least several months. The cost of carrying debt is biting companies harder than it did in...

ANAHEIM, Calif. — Disney has received a key approval to expand its Southern California theme parks in its first push to make major changes to its iconic Disneyland in decades. The Anaheim City Council voted unanimously Tuesday to approve the plan to transform Disney’s 490-acre campus in densely-populated Southern California...

Panera Bread said it’s discontinuing its Charged Sips drinks that were tied to at least two wrongful death lawsuits due to their high caffeine content. Panera didn’t say Tuesday whether the drinks were being discontinued because of the lawsuits or health concerns, and it wouldn’t comment on the timeline for...

TikTok, the popular social video app, sued the U.S. government on Tuesday, saying the country’s new law that could ban the app violates First Amendment rights to free speech. President Biden last month signed into law a bill that would effectively ban the service in the U.S. if its Chinese...

Grocery delivery company Instacart is partnering with Uber Eats to offer a new perk to its customers: restaurant delivery. San Francisco-based Instacart said Tuesday that its U.S. shoppers will see a “Restaurants” tab in the company’s app in the coming weeks. Restaurant orders will be delivered by Uber Eats drivers....

The Federal Aviation Administration said Monday it has opened a new investigation into a potential manufacturing quality lapse on Boeing’s 787 Dreamliner after Boeing admitted that inspection records on work at the wing-to-body join were falsified at the jet’s final assembly site in South Carolina. Boeing informed the FAA in...

WASHINGTON — The go-broke dates for Medicare and Social Security have been pushed back as an improving economy has contributed to changed projected depletion dates, according to the annual Social Security and Medicare trustees report Monday. Still, officials warn that policy changes are needed lest the programs become unable to...

Teen clothing retailer rue21, which is based in Warrendale, filed for bankruptcy last week and appears to be closing all of its stores. Employees at the Warrendale headquarters were seen Friday carrying boxes to their vehicles after being informed they were losing their jobs during a virtual meeting Thursday, TribLive...

OMAHA, Neb. — Warren Buffett’s company reported a steep drop in earnings Saturday because the paper value of its investments fell, but the tens of thousands of shareholders filling an Omaha arena to hear Buffett answer questions at the annual meeting later can take heart that Berkshire Hathaway’s many businesses...

ATLANTA — Several Democrats serving as their state’s top election officials have sent a letter to the parent company of Facebook, asking it to stop allowing ads that claim the 2020 presidential election was stolen. In the letter addressed to Meta CEO Mark Zuckerberg, the secretaries of state from Colorado,...

TOKYO — Nippon Steel said Friday it has postponed the expected closing of its $14.1 billion takeover of U.S. Steel by three months after the U.S. Department of Justice requested more documentation related to the deal. Tokyo-based Nippon Steel Corp. said the deal, already approved by U.S. Steel’s shareholders, is...

DETROIT — The U.S. government has loosened some rules governing electric vehicle tax credits a bit, potentially making more EVs eligible for credits of up to $7,500. The Treasury Department announced final regulations for the credits under the 2022 Inflation Reduction Act on Friday, giving automakers more time to comply...

WASHINGTON — The nation’s employers pulled back on their hiring in April but still added a decent 175,000 jobs in a sign that persistently high interest rates may be starting to slow the robust U.S. job market. Friday’s government report showed that last month’s hiring gain was down sharply from...

Property zoned for college housing at Penn State University’s Behrend campus near Erie may gain new life as a church, while a Penn State Harrisburg building could be going to that city’s school district. A panel of Penn State trustees endorsed both real estate divestitures Thursday as board members began...

Food manufacturing giant Cargill has recalled more than eight tons of ground beef sold at Walmart stores over potential E. coli contamination. The manufacturer this week recalled ” approximately 16,243 pounds of raw ground beef products that may be contaminated with E. coli O157:H7,” according to a media release from...

ATI will have new leadership July 1. Kimberly Fields will assume the role of CEO to replace Robert Wetherbee, head of the specialty metals company since 2018. Fields of Dallas has served the past two years as chief operating officer and was named president in 2023. “I’m honored to succeed...

NEW YORK — Mortgage rates, credit card rates, auto loan rates, and business loans with variable rates will all likely maintain their highs, with consequences for consumer spending, after the Federal Reserve indicated Wednesday that it doesn’t plan to cut interest rates until it has “greater confidence” that price increases...