Business

Federal Reserve Board Chair Jerome Powell speaks at a news conference following a two-day meeting of the Federal Open Market Committee, Wednesday, Sept. 18, 2019, in Washington. (AP Photo/Patrick Semansky)
Associated Press
September 18, 2019 - 4:49 pm
WASHINGTON (AP) — A sharply divided Federal Reserve cut its benchmark interest rate Wednesday for a second time this year but declined to signal that further rate cuts are likely this year. The Fed's move reduced its key short-term rate — which influences many consumer and business loans — by an...
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CORRECTS DATE PHOTO TAKEN - Lee Ho-hyeon, a director general for International Trade Policy at the Trade, Industry and Energy Ministry, speaks at the government complex in Sejong, South Korea, Tuesday, Sept. 17, 2019. South Korea has gone through with plans to drop Japan from a list of countries receiving fast-track approvals in trade in a tit-for-tat reaction to a similar move by Tokyo to downgrade Seoul's trade status amid a tense diplomatic dispute. (Jin Sung-chul/Yonhap via AP)
Associated Press
September 17, 2019 - 10:44 pm
SEOUL, South Korea (AP) — South Korea on Wednesday followed through with plans to drop Japan from a list of countries receiving fast-track approvals in trade, a reaction to a similar move by Tokyo to downgrade Seoul's trade status amid a tense diplomatic dispute. South Korea' trade ministry said...
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FILE - This Feb. 19, 2013, file photo shows OxyContin pills arranged for a photo at a pharmacy in Montpelier, Vt. Purdue Pharma, the company which makes OxyContin and other drugs, filed court papers in New York on Sunday, Sept. 15, 2019, seeking Chapter 11 bankruptcy protection. (AP Photo/Toby Talbot, File)
Associated Press
September 16, 2019 - 5:11 pm
BOSTON (AP) — OxyContin maker Purdue Pharma has embarked on a multibillion-dollar plan to settle thousands of lawsuits over the nation's deadly opioid crisis by transforming itself in bankruptcy court into a sort of hybrid between a business and a charity. Whether the company can pull it off...
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General Motors employees Bobby Caughel, left, and Flint resident James Crump, shout out as they protest with other GM employees, United Auto Workers members and labor supporters outside of the Flint Assembly Plant on Monday, Sept. 16, 2019 in Flint, Mich. Thousands of members of the United Auto Workers walked off General Motors factory floors or set up picket lines early Monday as contract talks with the company deteriorated into a strike. (Jake May/The Flint Journal via AP)
Associated Press
September 16, 2019 - 2:15 pm
DETROIT (AP) — More than 49,000 members of the United Auto Workers went on strike Monday against General Motors, bringing more than 50 factories and parts warehouses to a standstill in the union's first walkout against the No. 1 U.S. automaker in over a decade. Workers left factories and formed...
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Terry Dittes, director of the UAW GM department, announces that GM workers will go on a national strike at midnight on Sunday Sept. 15, 2019 in the Marriott Renaissance Hotel, in Detroit, Mi. (Clarence Tabb, Jr./Detroit News via AP)
Associated Press
September 15, 2019 - 8:09 pm
DETROIT (AP) — Roughly 49,000 workers at General Motors plants in the U.S. plan to go on strike just before midnight Sunday, but talks between the United Auto Workers and the automaker will resume. About 200 plant-level union leaders voted unanimously in favor of a walkout during a meeting Sunday...
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CORRECTS STATE TO OHIO NOT PENNSYLVANIA - Medications that are are stored in the police headquarters that are and slated for destruction, are shown in a locked storage area, Wednesday, Sept. 11, 2019, in Barberton, Ohio. Attorneys representing some 2,000 local governments said Wednesday they have agreed to a tentative settlement with OxyContin maker Purdue Pharma over the toll of the nation's opioid crisis. (AP Photo/Keith Srakocic)
Associated Press
September 12, 2019 - 3:58 pm
For months, the judge overseeing national litigation over the opioids crisis urged all sides to reach a settlement that could end thousands of lawsuits filed by state and local governments. But the chaotic developments this week in the case against OxyContin maker Purdue Pharma underscore how...
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FILE - In this Sept. 4, 2019, file photo traders John Doyle, left, and Richard Deviccaro work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, Sept. 12. (AP Photo/Richard Drew, File)
Associated Press
September 12, 2019 - 3:48 pm
Stocks marched broadly higher on Wall Street Thursday after the U.S. and China took steps to ease tensions in their costly trade war, putting investors in a buying mood. Technology, financial and consumer-focused stocks helped power the rally, which extended the market's solid gains from the day...
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Commonwealth Media Services
Joe DeStio
September 12, 2019 - 11:16 am
One day after Purdue Pharma reached a tentative deal with a couple dozen states to settle lawsuits over opioid addiction, Pennsylvania Attorney General Josh Shapiro is taking his own action.
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Apple CEO Tim Cook announces new products at an event Tuesday, Sept. 10, 2019, in Cupertino, Calif. (AP Photo/Tony Avelar)
Associated Press
September 11, 2019 - 3:32 am
CUPERTINO, Calif. (AP) — Apple is finally taking on Netflix with its own streaming television service and, uncharacteristically for the company, offering it at a bargain price — $5 a month beginning on Nov. 1. Walt Disney Co. is launching its own assault on Netflix the same month, for just $7. It...
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Wavebreakmedia iStock / Getty Images Plus
Joe DeStio
September 10, 2019 - 2:46 pm
One state lawmaker says the price of Liquor in Pennsylvania is too high.
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