Category Business

SCRANTON, Pa. — A Pennsylvania media conglomerate sold its four daily newspapers, including The Times-Tribune of Scranton, to publishing powerhouse MediaNews Group on Thursday, ending nearly 130 years of local ownership. Times-Shamrock Communications CEO Jim Lewandowski made the announcement to…

OCEAN CITY, N.J. — Orsted, the global wind energy developer, says its first offshore wind farm in New Jersey will be delayed until 2026 due to supply chain issues, higher interest rates, and a failure so far to garner enough…

Stocks gave up early gains and closed lower, a downbeat end to the market’s first losing month since February. The S&P 500 ended with a loss of 0.2%, breaking a four-day winning streak. The Dow fell 168 points, or 0.5%.…

ing /> Food ads have long made their subjects look bigger, juicier and crispier than they are in real life. But some consumers say those mouthwatering ads can cross the line into deception, and that’s leading to a growing number…

NEW YORK — Stocks that traded heavily or had substantial price changes Thursday: Salesforce Inc., up $6.42 to $221.46. The customer-management software developer raised its profit forecast for the year. Okta Inc., up $9.94 to $83.51. The cloud identity management…

SAVANNAH, Ga. — Hyundai Motor Group and LG Energy Solution said Thursday they will spend an additional $2 billion and hire an extra 400 workers to make batteries at the automaker’s sprawling U.S. electrical vehicle plant that’s under construction in…

SAN FRANCISCO — Elon Musk said Thursday that his social network X, formerly known as Twitter, will give users the ability to make voice and video calls on the platform. Musk, who has a history of making proclamations about coming…

LOS ANGELES — The average long-term U.S. mortgage rate slipped after climbing for five consecutive weeks to a more than 20-year high, a modest relief for would-be homebuyers challenged by rising home prices and a thin inventory of homes on…

NEW YORK — JCPenney said Thursday it plans to spend more than $1 billion by the end of 2025 in a bid to revive the storied but troubled 121-year-old department store chain. The money is going toward remodeling JCPenney stores,…

Oprah Winfrey and Dwayne Johnson have committed $10 million to make direct payments to people on Maui who are unable to return to their homes because of the wildfires, through a new fund they announced Thursday. The People’s Fund of…