WASHINGTON (AP) — President Donald Trump said that U.S. Steel will keep its headquarters in Pittsburgh as part of what he called a “planned partnership.” No decision has been announced whether Trump will approve Japan-based Nippon Steel’s bid to buy U.S. Steel after he vowed repeatedly to block the deal to prevent the American steelmaker [...]
A new study of hurricane-affected homes indicates that certain types of construction methods could reduce storm damage to homes and therefore lower repair and insurance costs. The analysis, released last week, reviews thousands of insurance claims linked to Hurricane Sally, which struck Alabama’s coast in 2020 with wind speeds up to 105 miles per hour. [...]
WASHINGTON (AP) — Americans’ views of the economy improved in May after five straight months of declines sent consumer confidence to the lowest level since the onset of the COVID-19 pandemic, largely driven by anxiety over the impact of President Donald Trump’s tariffs. The Conference Board said that its consumer confidence index rose 12.3 points [...]
Salesforce is buying AI-powered cloud data management company Informatica in an approximately $8 billion deal. Informatica’s shareholders will receive $25 per share, a premium of about 11 percent from Friday’s closing price of $22.55. The transaction will give Salesforce access to Informatica’s data management capabilities. Informatica was taken private in 2015 by private equity firm [...]
WASHINGTON (AP) — The Supreme Court rejected an appeal from Apaches who are fighting to halt a massive copper mining project on federal land in Arizona that they hold sacred. The justices left in place lower court decisions allowing the transfer of the Tonto National Forest land, known as Oak Flat, to Resolution Copper, which [...]
LONDON (AP) — Tesla sales across Europe decreased by half last month even as growth in the electric car market picked up pace, according to data released this week. Sales of Tesla vehicles in 32 European countries tumbled 49 percent to 7,261 in April from 14,228 in the same month the previous year, according to [...]
YOKOSUKA, Japan (AP) — Money-losing Japanese automaker Nissan Motor Corp. is banking on its latest “e-Power” technology for a turnaround. A kind of hybrid, e-Power comes equipped with both an electric motor and gasoline engine, similar to the Toyota Motor Corp. Prius. It’s different from a Prius in that it doesn’t switch back and forth [...]
A Loveland state lawmaker has proposed temporary property tax relief to Ohioans who have seen their property valuations rise upwards of 40 percent in some cases in recent years. Rep. Jean Schmidt, a Republican, is championing a bill that would limit 2024 property taxes to 2022 levels and 2025 manufactured-home tax liability to 2023 levels. [...]
LOS ANGELES (AP) — Homeowners are spending more on home renovation projects, bucking a broader general reduction in spending by consumers. Sales at building materials and garden supply retailers rose 0.8 percent last month from March, the biggest gain since 2022, and were up 3.2 percent from April last year. At the same time, retail [...]
WASHINGTON (AP) — The Trump administration says making cents doesn’t make sense anymore. The U.S. Mint has made its final order of penny blanks and plans to stop producing the coin when those run out, a Treasury Department official confirmed last week. The move comes as the cost of making pennies has increased by 20 [...]