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New hotel opens in iconic Kaufmann’s building in downtown Pittsburgh

Each of the 160 hotel rooms has multi-use fitness bar

Source: New hotel opens in iconic Kaufmann’s building in downtown Pittsburgh

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Economy Jobs News Opinion Weather

PennDOT needs more snow plow drivers in Westmoreland County | TribLIVE.com

PennDOT needs to hire another 25 seasonal snow plow operators in Westmoreland County, with early winter weather on the horizon. It currently has 13 on the roster.

About 100 seasonal plow drivers normally are hired to help treat and clear roads throughout District 12 — including Westmoreland, Fayette, Greene and Washington counties, according to PennDOT officials. But, each of the counties has so far fallen short of its hiring target.

The state transportation agency competes with other employers to hire from a depleted pool of qualified workers who have a commercial driver’s license, said PennDOT Safety Press Officer Jay Ofsanik.

“Most people are working, so you don’t have an excess of unemployed personnel,” he said. “In Southwestern Pennsylvania, we’ve had an uptick in the gas and oil industry, and those industries typically use a lot of CDL drivers. For the most part, those jobs pay more per hour, so it’s tough competition.”

PennDOT pays drivers $16.72 an hour to start. Ofsanik noted seasonal work sometimes can lead to a permanent position.

Source: PennDOT needs more snow plow drivers in Westmoreland County | TribLIVE.com

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Arts and Entertainment Economy Jobs News Opinion

Pittsburgh Center for Arts and Media staff out in mass firing and termination of film programs

Just two days after the end of the Three Rivers Film Festival, its host organization, the Pittsburgh Center for Arts and Media (PCAM), fired all film staff, including employees of the Harris and Regent Square theaters, and will end cinema arts programs, as well as any programming in its galleries.

The announcement and firings happened this morning during a mandatory meeting.

An official document, signed by PCAM executive director Kyle Houser and provided to Pittsburgh City Paper, said the group was ending its theater programs, as well as all programs housed in the Marshall Building and reducing personnel accordingly. PCAM is offering former employees severance benefits totaling $300 before taxes.

Source: Pittsburgh Center for Arts and Media staff out in mass firing and termination of film programs

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Economy Opinion Politics

Westmoreland commissioners grapple with 2020 county budget shortfall | TribLIVE.com

Westmoreland County commissioners have not ruled out a property tax increase for 2020.

Commissioners unveiled a preliminary budget that continues to spend more money than the county takes in from tax revenue, fees and state and federal allocations. As it stands, the county’s surplus fund would be nearly drained to balance the early spending plan.

“We have a lot of work to do over the next month,” Commissioner Charles Anderson said.

The proposed $339 million budget includes no tax increase, program reductions or personnel cuts but also carries a $9.3 million deficit that would be offset by use of a $12.8 million surplus fund that is expected to carry over into 2020. That would reduce the surplus account to $3.5 million.

County property taxes, expected to generate $83.3 million next year, have remained flat for more than a decade. The county’s current tax rate of 20.99 mills has been unchanged since 2005.

Source: Westmoreland commissioners grapple with 2020 county budget shortfall | TribLIVE.com

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Economy Jobs

Senate sends fight over Pennsylvania’s minimum wage to House | WTAJ – www.wearecentralpa.com

HARRISBURG, Pa. (AP) — Legislation to raise Pennsylvania’s minimum wage for the first time since 2009 is headed to the state House of Representatives, passed in the Senate against a deadline to stall Gov. Tom Wolf’s regulatory package to substantially expand overtime pay eligibility.

The Republican-controlled Senate approved the bill Wednesday, 42-7, to raise Pennsylvania’s minimum wage in four steps to $9.50 in 2022.

Pennsylvania’s current minimum wage is the federal minimum of $7.25, which lags each of its neighbors and most other states.

Source: Senate sends fight over Pennsylvania’s minimum wage to House | WTAJ – www.wearecentralpa.com

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Business Economy Entertainment Jobs

Casino groundbreaking event

Groundbreaking ceremony held for new gaming and entertainment destination groundbreaking ceremony

The developers of Live! Casino Pittsburgh hosted a groundbreaking ceremony Wednesday morning at Westmoreland Mall in Hempfield Township, where it will locate a new gaming and entertainment facility.

When it opens in late 2020 the new $150 million casino will will bring 750 slots, 30 table games and 500 jobs. Local officials are thrilled.

“This is a great economic development, not only for Hempfield Township but for Westmoreland County,” Hempfield Township Supervisor Doug Weimer told Pittsburgh’s Action News 4.

Source: Live! Casino groundbreaking event

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Economy Jobs News Opinion

Plenty Of Sales Jobs Open Around Pittsburgh

The right position for you could be here in these listings.

Business

Plenty Of Sales Jobs Open Around Pittsburgh

The right position for you could be here in these listings.

By Eric Heyl, Patch Staff
 | 
Plenty Of Sales Jobs Open Around Pittsburgh
(Image via Shutterstock.)
PITTSBURGH, PA – Sales jobs can be financially rewarding, with many positions offering the chance to rake in serious money.

Few careers offer the income potential of sales positions, according to thebalancecareers.com. Income is based on performance. While you can expect quotas, you also can expect rewards such as commission checks, bonuses, trips and prizes.

Good salespeople also have good job security. A company cutting sales positions likely will reduce its revenue, which is not a good plan for a business trying to stay solvent.
There’s no shortage of sales positions available in southwestern Pennsylvania. Here are just a few listed on ZipRecruiter:

Entry Level Sales, Bankers Life, Pittsburgh
Sales, Bankers Life, Pittsburgh
Director, Electrical & Industrial Sales, Graybar, Pittsburgh
Sales Associate, NTB, Allison Park
Educational Sales Representative, Guitar Center Pittsburgh
Licensed Sales Professional, PMA, USA
Entry Level Sales, Lincoln Heritage Life Insurance Company, Pittsburgh
Sales Representative, Colonial Life, Pittsburgh
Sales Account Executive, Catholic Media Pittsburgh
Outside Sales Representative, Allstate, Pittsburgh
Outside Sales Representative, Lincoln Heritage Life Insurance Company, Pittsburgh
Management Trainee – Sales, Remarketable Inc., Pittsburgh
Remote Sales Representative, Tax Kingdom USA, Pittsburgh
Verizon FIOS Full Time Retail Sales Rep, Creative Channel Services, Pittsburgh
Sales Representative, Safe Haven Security, Pittsburgh
Sales Representative, MS International, Pittsburgh
Entry and Mid-Level Sales Professionals, The Alleman Group, LLC,
Pittsburgh
Sales Consultant, Best Buy, Bethel Park
Account Manager-Industrial Sales, Company Confidential, Pittsburgh

Source: Plenty Of Sales Jobs Open Around Pittsburgh

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Autos Economy News Oil And Gas Opinion

Gas prices fall in Pittsburgh area, according to GasBuddy | TribLIVE.com

 

Gasoline prices are down in Pittsburgh and across the nation, according to price tracking service GasBuddy.

In the Pittsburgh region, gas prices are down 4.1 cents per gallon in the past week, to an average of $2.83 per gallon, according to GasBuddy’s survey of 731 stations. That’s 5 cents per gallon more than a month ago, but 30.3 cents per gallon less than a year ago.

The national average price has come down 2.4 cents per gallon in the past week, averaging $2.63. That’s up 6.5 cents per gallon from a month ago, but 25.1 cents per gallon lower than a year ago

Source: Gas prices fall in Pittsburgh area, according to GasBuddy | TribLIVE.com

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Business Economy Food Health News Opinion

The backlash against Impossible and Beyond Meat burgers going mainstream – Vox

The growing pushback against Impossible and Beyond burgers in fast-food chains, explained

Now, Impossible products have hit QdobaBurger King, and supermarkets. Another plant-based meat company, Beyond Meat, is featured in Carl’s Jr, Subway, and now McDonald’s. It’s a sign that the new wave of meatless meat is approaching mainstream status — an encouraging development if you care about changing our meat-centric food system.

But if the emergence of meatless meat a few years ago was hailed unanimously as a good thing, the response to its mainstreaming has been tinged with skepticism. The adoption of Impossible Foods and Beyond Meat products by fast-food chains hasn’t exactly been welcomed in some quarters, even among those you would think would be more supportive of this development.

Call it the backlash against the fast rise of meatless meat.

Source: The backlash against Impossible and Beyond Meat burgers going mainstream – Vox

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Business Economy

Bed Bath & Beyond boosts store closure estimates to 60 by the end of 2019

KEY POINTS
  • The company said it will close approximately 40 Bed Bath & Beyond stores, and 20 stores from its other concepts.
  • Previously, the company expected to shutter 40 stores all together.
  • Interim CEO Mary Winston said the decision is a result of its work to optimize its fleet.

Source: Bed Bath & Beyond boosts store closure estimates to 60 by the end of 2019

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Economy Education News Opinion

100s Of Pittsburgh Public School Credit Cards Run Up Millions Of Dollars In Purchases – CBS Pittsburgh

PITTSBURGH (KDKA) — Hundreds of credit cards issued by the district to teachers and staff have questionable oversight and controls.

Procurement cards, or p-cards for short, are school district-issued credit cards for the purchases of last-minute supplies.

They are a convenient and streamlined way of keeping the wheels of education turning.

A KDKA investigation has found that the Pittsburgh Public Schools have issued no less than 650 of these cards to teachers and staff, who are racking up millions of dollars of purchases every year.

And while the cards are not supposed to be used for personal purchases, Controller Michael Lamb says it’s a system of loose oversight and controls that IS based mainly on trust.

“When you have that many cards, you lose control,” Lamb said. “And when the proper procedures aren’t in place, you create the opportunity for fraud. And that’s what you have in the school district right now.”

Source: 100s Of Pittsburgh Public School Credit Cards Run Up Millions Of Dollars In Purchases – CBS Pittsburgh

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Economy Opinion Politics

Trump signs spending bill to avoid government shutdown

President Donald Trump signed a temporary spending bill Friday to avoid another government shutdown, a White House spokesman said.

The so-called continuing resolution will keep the government running through Nov. 21. It will keep spending at current levels and head off a lapse in funding that would have occurred at the end of the month.

Source: Trump signs spending bill to avoid government shutdown

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Economy News Opinion

The Fed pumps another $75 billion into markets and says more cash is on the way | Markets Insider

  • The Federal Reserve ended the week with yet another attempt to calm money markets and an announcement that more injections were on the way.
  • The central bank pumped another $75 billion into financial markets Friday and announced a schedule for further repo operations.
  • This week marked the first time the central bank had taken such steps since the global financial crisis 10 years ago.
  • Visit the Markets Insider homepage for more stories.

Source: The Fed pumps another $75 billion into markets and says more cash is on the way | Markets Insider

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Economy History Jobs News Opinion Technology US

Labor unions are pushing for a four-day workweek – Vox

Americans once worked 100 hours a week, six days in a row. Then, in 1940, came the five-day workweek.

Now labor unions are making the case for even less work: dropping days worked down to four.

That’s one of the changes unions are proposing as part of their vision for the future of work, which is outlined in a report to be released Friday by the AFL-CIO, the largest federation of labor unions in the US. (Disclosure: I am a member of the Writers Guild of America East, which is part of the AFL-CIO.) The report, which was shared in advance with Vox, focuses on finding ways to make sure workers can best benefit from automation and other technological changes.

As technology makes workers more productive, unions argue, why not give them three-day weekends? Not 40 hours compressed into four days. Labor unions are proposing a 32-hour workweek, with employees earning no less than they did before.

Source: Labor unions are pushing for a four-day workweek – Vox

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Economy Opinion

US retail sales rise more than expected in August as auto sales surged | Fox Business

Retail sales climbed by 0.4 percent in August, well above analyst expectations of 0.2 percent.

Source: US retail sales rise more than expected in August as auto sales surged | Fox Business

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Asia Business Economy Opinion

London Stock Exchange rejects Hong Kong takeover offer | Fox Business

Earlier this week, the Hong Kong Stock Exchange said it started talks to buy the LSE.

Source: London Stock Exchange rejects Hong Kong takeover offer | Fox Business

Categories
Asia Economy Opinion

Dow futures jump as China and US agree to meet for trade talks

U.S. futures jumped Wednesday evening as China says U.S. had agreed to meet in October for another round of negotiations.

KEY POINTS
  • At around 1:34 a.m. ET, Dow futures rose 300 points, pointing to an implied opening gain of around 308 points.
  • Futures on the S&P and Nasdaq both also jumped higher.
  • The two sides agreed to hold another round of trade negotiations in Washington, D.C., towards the beginning of next month, and consultations will be made in mid-September in preparation for the meeting, according to a statement from China’s Commerce Ministry.

Source: Dow futures jump as China and US agree to meet for trade talks

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Business Economy Opinion

Kraft Heinz and More of the Worst Stocks So Far in 2019 – Barron’s

Labor Day is here, giving investors a brief respite from a topsy-turvy year defined by an on-and-off trade war, the Federal Reserve in the spotlightinverted yield curves, and significant volatility.

Even amid all that chaos, the S&P 500 index is up 18% in 2019 through last week, while the Dow Jones Industrial Average has gained 15% and theNasdaq Composite is up 21%.

But hardly every company is thriving. From retail to health care to consumer staples, here are the five worst performing stocks in the S&P 500 so far this year.

Macy’s stock (M) is the worst performer in the S&P 500 so far this year, down 49% through last week. The decline of malls in the U.S. have hammered the retailer.

Look away, Warren Buffett fans. Kraft Heinz stock (KHC) has shed 38% of its value in 2019, making it one of Berkshire Hathaway ’s biggest disappointments.

Read Source: Kraft Heinz and More of the Worst Stocks So Far in 2019 – Barron’s

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Business Economy Jobs

Hudson’s Bay to sell Lord & Taylor to Le Tote for $100m | Financial Times

Hudson’s Bay on Wednesday said it is selling its Lord & Taylor department stores to fashion rental subscription service Le Tote for $100m.

Source: Hudson’s Bay to sell Lord & Taylor to Le Tote for $100m | Financial Times

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Business Economy Jobs News Opinion

Alabama AT&T workers among 20,000 on strike – al.com

Workers in nine states, including Alabama walked off the job at midnight Eastern time.

AT&T employees across the Southeast went on strike on Saturday, August 24, 2019 protesting what they say are bad faith contract negotiations by the telecom company. Here Tim Whisenant, Jon Pilkington, Byrus Clark, Tia Turner, Chris Williams and Korey Phillips hold signs for passing cars outside AT&T’s Birmingham office on 6th Avenue North.

Members of CWA local unions across nine states, including Alabama, left their posts Saturday and took up places in front of AT&T facilities to protest negotiation tactics employed by the company. The strike includes AT&T employees in Alabama, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina and Tennessee.

Source: Alabama AT&T workers among 20,000 on strike – al.com

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Economy Europe News Opinion World

Police fire water cannon on protesters at G-7 summit | TheHill

Police fired a water cannon and tear gas on Saturday at protesters in a town near the venue for the  Group of Seven (G-7) economic summit in Paris.

The Associated Press reported that about 400 anti-capitalist protestors gathered to block roads in the town in southwest France. The crowd was largely peaceful, though some demonstrators threw rocks at police.

Police responded with warning shots and then used the water cannon and tear gas, according to the AP.

Thousands of protestors marched peacefully from the same area to the Spanish border earlier Saturday to demand further action against climate change and economic inequality.

President Trump is in Biarritz, France, for the annual meeting with the six other world leaders of the G-7. The event often attracts protesters who come to demonstrate on an array of topics.

 

Source: Police fire water cannon on protesters at G-7 summit | TheHill

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Asia Economy

China slaps tariffs on $75 billion of US products – YouTube

 

China slaps tariffs on $75 billion of US products

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Economy Military

Trump signs executive order cancelling student loan debt for disabled veterans | Fox News

President Trump signed an executive order on Wednesday that forgives all student loan debt for any permanently disabled U.S. military veterans.

The order, which Trump signed following a speech at the American Veterans National Convention in Louisville, Ky., also clears those eligible veterans from having to pay any federal income tax on the loans. Trump added that he is pressuring individual states to follow suit.

“The debt of these disabled veterans will be completely erased,” Trump said. “That’s hundreds of millions of dollars of student loans debt for our disabled veterans that will be completely erased.”

Source: Trump signs executive order cancelling student loan debt for disabled veterans | Fox News

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Autos Economy Legal Medical News Opinion Politics

Amid Homelessness Crisis, Los Angeles Restricts Living In Vehicles : NPR

Nearly 10,000 people in Los Angeles live in vehicles. The City Council recently extended a ban on sleeping overnight in cars, vans or RVs in residential areas and near parks or schools.

The Los Angeles City Council recently reinstated an ordinance that bans sleeping overnight in vehicles in residential areas. The law also forbids living in a vehicle within a block of a park, school or day care. Tickets for violating the rules start at $25 for a first offense, $50 the second time and $75 after that.

Neighborhoods divided

Residents who support the restrictions say vehicle encampments have caused parking shortages and sanitation issues. Critics say that without alternatives to parking on the street, the rules are inhumane.

Source: Amid Homelessness Crisis, Los Angeles Restricts Living In Vehicles : NPR

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Business Economy

Dow jumps 200 points to cap off a crazy week – CNN

The Dow shot higher Friday, as investors look to cap off a wild week for Wall Street on a high note.

US stocks rose after Europe and China announced plans for additional stimulus to shore up their economies in the wake of a global trade war.
China’s National Development and Reform Commission said Friday it would boost stimulus to shore up the country’s economy, stabilize employment and give people more disposable income. Although China didn’t elaborate on its plans, that was enough to soothe investors’ fears about the trade war’s harm to the global economy.

Source: Dow jumps 200 points to cap off a crazy week – CNN

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Business Economy Jobs News

Westmoreland commissioners share concern regarding mini-casino name | Regional | observer-reporter.com

A new satellite casino approved to be built at a mall in Westmoreland County will give the county a boost with new jobs and revenue, but commissioners there have concerns

A new satellite casino approved to be built at a mall in Westmoreland County will give the county a boost with new jobs and revenue, but commissioners there have concerns over a name that will not reflect the community in which it will operate.

The state Gaming Control Board this week unanimously granted Stadium Casino LLC, owned by Cordish Companies of Maryland, a Category 4 satellite casino license to operate a casino in the shuttered Bon Ton space that the company will name Live! Casino Pittsburgh.

The commissioners are hopeful that some discussion with representatives from Cordish Companies could result in the selection of a more appropriate name.

“Hopefully, that’s not set in stone,” said Commissioner Gina Cerilli.

The commissioners said despite the name, they are thrilled that the project is moving forward and have learned from officials at Westmoreland County Community College that the company has reached out to the college to provide training for those interested in casino dealing.

Source: Westmoreland commissioners share concern regarding mini-casino name | Regional | observer-reporter.com

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Business Economy News Opinion

What Happened in the Stock Market Today

A strong U.S. retail sales report during a week many retailers are announcing earnings helped stabilize the stock market Thursday after sharp losses the day before. The Dow Jones Industrial Average(DJINDICES:^DJI) and the S&P 500 (SNPINDEX:^GSPC) seesawed between gains and losses but rallied toward the end of the session.

Today’s stock market

Index Percentage Change Point Change
Dow 0.39% 99.97
S&P 500 0.25% 7.00

DATA SOURCE: YAHOO! FINANCE.

As for individual stocks, Cisco Systems (NASDAQ:CSCO) has investors worried about near-term growth, but shoppers in the U.S boosted Walmart‘s (NYSE:WMT) results.

Colorful upward graph.

IMAGE SOURCE: GETTY IMAGES.

A solid quarter but weak outlook from Cisco

Network equipment leader Cisco Systems reported fiscal fourth-quarter results in line with expectations, but flat orders and weak guidance raised investor concerns, sending shares down 8.6%. Revenue grew 4.6% to $13.4 billion and adjusted earnings per share rose 19% to $0.83. Analysts were expecting the company to earn $0.01 less per share on revenue of $13.4 billion.

Sales in the Americas, Cisco’s most important region at 61% of revenue, grew 8.9% in Q4. But revenue from Asia-Pacific fell 3.8%, and CFO Kelly Kramer said in the conference call that the company’s business in China plunged 25%. Overall, gross margin improved 90 basis points from last quarter and 230 basis points from the period a year ago. Orders were flat year over year, and Cisco guided to Q1 revenue growth of between 0% and 2%.

Cisco’s challenges are centered on sales to service providers, especially Chinese telecoms, and orders would have been up mid-single digits if it weren’t for a 21% drop in orders to that segment. Those struggles with service providers overshadowed the company’s success in other areastoday.

Source: What Happened in the Stock Market Today

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Business Economy Jobs

Westmoreland County to hold job fair Aug. 22 | TribLIVE.com

Westmoreland County is planning a job fair to help fill as many as 50 positions at the courthouse, nursing home, jail and other government and human service offices.

The day-long event will be held from 9 a.m. to 7 p.m. Aug. 22 at the Ramada Inn in Hempfield.

It’s the first time the county has sponsored a job fair, Human Resources Director Amanda Bernard said.

“If we can hire 50 people, that would be great. We have a lot of vacancies, especially at the Manor where we are competing with local hospitals,” Bernard said.

Source: Westmoreland County to hold job fair Aug. 22 | TribLIVE.com

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Autos Business Economy Jobs

Nissan to cut 12,500 jobs worldwide – BBC News

It is unclear where the cuts will fall, but unions are hopeful the Sunderland plant will not be affected.

In a news conference, chief executive Hiroto Saikawa said the job cuts would account for a “big portion” of the savings it was trying to make.

Of the 12,500 job losses, 6,400 have already been implemented at eight locations, he said.

Nissan plans to shed another 6,100 jobs between the 2020 and 2022 financial years at six locations.

He did not specify which models would be targeted for production cuts, but said they would be likely to affect “compact cars and its Datsun range”.

The cuts will fall on unprofitable models, Mr Saikawa added

Source: Nissan to cut 12,500 jobs worldwide – BBC News

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Autos Business Economy Jobs News Opinion

Here’s Why Thousands Of Autoworkers Could End Up On Strike Soon | HuffPost

The United Auto Workers union is set to start bargaining new contracts covering 150,000 workers at Detroit’s Big Three on Monday in what could be the most contentious negotiations the auto industry has seen in years.

The union will be looking to make significant gains over the most recent four-year contracts with the companies, ratified in 2015. Automakers are looking to cut labor costs relative to foreign competitors building cars and trucks inside the U.S. with lower-earning workers. Industry-watchers believe the starkly different expectations create the possibility of a major strike.

Source: Here’s Why Thousands Of Autoworkers Could End Up On Strike Soon | HuffPost

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