Business

European Union top officials and Chinese President Xi Jinping have concluded a long-awaited business investment deal with the potential to annoy the new American administration.

COVID-19 severely impacted the tourism and hospitality industries across the board this year, and Philadelphia hotels were no stranger to coronavirus pandemic fallout.

A New Jersey agency has approved a 20-year tax break for a $100 million year-round indoor water park to be built next to the former Showboat casino in Atlantic City.

President Donald Trump has signed into law a $900 billion pandemic relief package, ending days of drama over his refusal to accept the bipartisan deal.

President Donald Trump’s new demand of $2,000 aid checks to Americans is threatening to tank a big year-end COVID relief bill

Pennsylvania’s unemployment rate fell for a seventh straight month in November, dipping below the national rate, as payrolls continued to rebound from pandemic-driven shutdowns.

A Wawa run for hoagies and coffee no longer has to include physically stepping into one of the beloved convenience stores.

One of President Donald Trump’s former Atlantic City casinos will be blown up next month, and for the right amount of money, you could be the one to press the button that brings it down.

Executive search firm Spencer Stuart reports that for the first time since it started tracking board data in 1998, all S&P 500 boards have at least one woman.

Pennsylvania-based Eastern Airlines is the newest carrier to launch at Philadelphia International Airport, with service slated to begin Dec. 14, the Philadelphia Business Journal reported.

Washington, D.C., is unarguably the center of the U.S. political world. But for the past four weeks, Wilmington, Delaware, has seen its fair share of action, the Philadelphia Business Journal reports.

Starbucks is rolling out oat milk across the country.

With record numbers of people shopping online as the coronavirus rages on, retail companies are mining ever-increasing amounts of consumer data — but experts say this new gold rush poses fresh questions about privacy, transparency and security, NBC News reports.

Comcast said Tuesday it would continue to offer two months of its Internet Essentials service for free to new customers, as the needs for internet service for school and work show no signs of lessening in the grip of the COVID-19 pandemic.

America’s employers scaled back their hiring last month as the viral pandemic accelerated across the country, adding 245,000 jobs, the fewest since April and the fifth straight monthly slowdown

Steve Kornacki showed during the presidential election how far a tireless work ethic and a pair of sensible khakis can get you.

Austin-based theater chain Alamo Drafthouse is trying to survive in these uncertain times, so its CEO is auctioning off his personal stash of collectibles to keep the lights on and employees paid.

Britain says it has secured 2 million more doses of a promising coronavirus vaccine as the country aims to launch an inoculation program within days

The majority of these layoffs will be from its parks, experiences and products division and include the 28,000 workers that the company previously announced.

German media giant Bertelsmann says that its Penguin Random House division is buying rival Simon & Schuster.

RadioShack, a fixture at the mall for decades, has been pulled from brink of death, again.

With ridership and revenue down sharply during the pandemic, SEPTA could be forced to make significant cuts without additional funding from the state or federal government.

Nerd Street Gamers will introduce its first subscription service, billed as “Amazon Prime for esports,” to expand access to the company’s video game tournaments.

Philadelphia’s Please Touch Museum has named a chief operating officer to help lead the institution as it works through the ongoing COVID-19 pandemic.

China, Japan and 13 other Asian-Pacific nations have signed the world’s largest trading bloc in a deal many hope will hasten the region’s recovery from the shocks of the pandemic

Legislation to set up New Jersey’s recreational marijuana industry is getting fast-tracked in the Democrat-led Legislature, with Assembly and Senate committees set to take up legislation on Thursday.

It may be just a pipe dream, but Atlantic City Mayor Marty Small is ready to delve into high finance.

Chipotle Mexican Grill will open the doors to its first digital-only restaurant on Saturday.

South Philadelphia live music venue Boot & Saddle is permanently closing in fallout from the coronavirus pandemic, its owners announced.

Business travel might never look the same in the wake of the coronavirus.

The bike maker Peloton announced Tuesday morning a multiyear partnership with singer-songwriter Beyonce to produce exclusive content with her music for its streamed workout classes.

The nation’s largest beauty chain has a deal to place shops in more than 100 Target stores by mid-2021.

McDonald’s told investors on Monday that it will release its Crispy Chicken Sandwich early next year in the United States.

New Jersey gambling regulators gave approval Thursday to a Rhode Island company to operate Bally’s casino and quickly invest in renovations and repairs to Atlantic City’s poorest-performing gambling hall.

The City Tavern, a colonial-themed restaurant on the site of a 1773 tavern in Philadelphia’s Old City, has closed due to decreased business stemming from the coronavirus pandemic.

Two mall operators, including Pennsylvania Real Estate Investment Trust, filed for bankruptcy protection Monday.

Soon, you might not be seeing as many Bed Bath & Beyond coupons showing up in your mailbox. For better or for worse, the big-box retailer is known for its frequent coupons, sent in the mail and via email, to lure customers into stores by promising 15% or 20% discounts off bedding and other home accessories. But in a bid to...

Salt Lake City will go from two daily printed newspapers to none after both of its major publications cut print days to once a week in moves that could portend more struggles for the country’s newspaper industry.

Dunkin’ Brands, the Massachusetts-based company that owns Dunkin’ and Baskin-Robbins, confirmed Sunday that it’s been in talks about a sale with a private company.

Gap Inc. is moving away from the nation’s malls. The San Francisco-based brand was for decades a fixture at shopping malls around the country. Now it says it’s closing 220 stores by early 2024. The parent company is also shuttering 130 Banana Republic stores.

A bill aiming to alleviate the financial impact that COVID-19 has had on the Keystone State’s independent live music venues is working its way through the Pennsylvania House of Representatives, reports the Philadelphia Business Journal.

President Donald Trump says Sudan will be removed from the U.S. list of state sponsors of terrorism, a move that would open the door for the African country to get the international loans and aid that are essential for reviving its battered economy and rescuing the country’s transition to democracy

The number of Americans seeking unemployment benefits rose last week to 898,000, a historically high number that is evidence that layoffs remain a hindrance to the economy’s recovery from the pandemic recession that erupted seven months ago

Nerd Street Gamers opened the first of its Localhost locations in Five Below stores in Philadelphia and Texas, with plans for a third location to open soon near St. Louis, the Philadelphia Business Journal reports.

For shoppers who can’t part with Black Friday traditions, Walmart said Wednesday that it still plans to have in-store events featuring deep discounts.

If you happen to pass by a local bookstores and see its windows stuffed with what appears to be Amazon boxes, don’t be too confused.

A popular Philadelphia dining and shopping destination is planning to redesign its logo that it says misrepresents indigenous people.

Shares are mostly lower in Asia after solid gains for technology stocks pushed Wall Street higher on Monday

Asian stock markets have followed Wall Street higher on hopes Washington will provide more aid to the U.S. economy

Stocks are recovering Wednesday after President Donald Trump appeared to backtrack on his decision to halt talks on another rescue effort for the economy.

Stocks are mixed in Asia despite an overnight decline on Wall Street after President Donald Trump ordered a stop to talks on another round of aid for the economy

Pennsylvania’s chief fiscal watchdog is criticizing a state program under which businesses could seek permission to operate under Gov. Tom Wolf’s pandemic shutdown.

Disney says at least a quarter of the 28,000 layoffs planned for Disney’s parks division will come from Florida.

The U.S. unemployment rate has dropped to 7.9%, but hiring is slowing and many Americans have given up looking for work

Asian shares are mixed in thin holiday trading, with markets in Shanghai and Hong Kong closed

Philadelphia restaurant mogul Stephen Starr’s iconic flagship location Continental Restaurant and Martini Bar in Old City is closing indefinitely amid fallout from the Covid-19 pandemic, Starr confirmed to the Business Journal on Thursday morning.

Trading has been suspended on the Tokyo Stock Exchange because of a problem in the system for relaying market information.

Stocks rallied on Wall Street Wednesday, but only after zooming up, down and back up again in a fitting end to a wild month and quarter

Two of Pennsylvania’s historic and iconic food and drink brands have teamed up, again, to bring a chocolaty beer to market.

U.S. restaurants are moving warily into fall, hoping their slow recovery persists despite the new challenge of chilly weather and a pandemic that’s expected to claim even more lives.

Stocks are mixed in Asia while upbeat manufacturing data lifted shares in China as investors studied the outcome of the first debate between President Donald Trump and his Democratic challenger, Joe Biden

Asian stock markets are mixed after Wall Street rallied and clawed back some of this month’s sharp losses ahead of a U.S. presidential election debate

U.S. stocks closed with solid gains, the latest shift in a recent stretch of turbulence for the market

Hundreds of layoffs are extending beyond an originally anticipated six-month timeline in Greater Philadelphia for popular restaurant chain P.F. Chang’s China Bistro.

Month by month, retailers are starting to pay more rent as states lift shutdown orders and consumers become more comfortable venturing out to shop during the coronavirus pandemic. But negotiations, sometimes heated, continue between tenants and landlords.

New Jersey lawmakers have passed legislation banning single-use plastic and paper bags, as well as Styrofoam containers.

PNC Bank officially closed six more local branches a week after its CEO said consolidation in 2020 would double original projections, reported the Philadelphia Business Journal.

Asian shares have fallen as caution again sets in following a retreat on Wall Street driven by a decline in technology shares

Lehigh Valley’s “Christmas City” is getting its holiday market back this autumn with changes due to the novel coronavirus.

The Uncle Ben’s rice brand is changing its name to Ben’s Original

Women now run four of Atlantic City’s nine casinos in what some industry executives and observers say could be the future of the gambling industry.

Shares are lower in Asia, tracking a retreat on Wall Street as markets tumbled on worries about the pandemic’s economic pain and a raft of other problems

Global stock markets and U.S. futures tumbled Monday after Wall Street fell for a third straight week and investors were rattled by U.S.-Chinese tension over technology and security and a rise in British coronavirus infections.

About three quarters of the country’s movie theaters are open, but Americans are not going back in significant numbers in the COVID-era, even with new films coming into the marketplace weekly.

Stocks are closing lower on Wall Street Friday, as another zig-zag week for markets ends with a third-straight weekly loss for the S&P 500

Asian shares are slightly higher despite some investor attention shifting again to the uncertainties in global economies amid the coronavirus pandemic, as reflected in the overnight fall on Wall Street

Take a look at the first part of the Philadelphia Business Journal’s series exploring the Jersey Shore’s economy during the Covid-19 pandemic.

Among the businesses the coronavirus outbreak has pummeled are an untold number of companies that were on the verge of launching or that were in their early days when the virus hit.

Kraft Heinz says it is selling its natural cheese business — including its Cracker Barrel brand — to French dairy company Lactalis Group as part of a larger restructuring.

This spring, many restaurants closed as a result of lockdowns to prevent the spread of the coronavirus. As some managed to remain open for takeout and delivery, others ended up never recovering.

Shares are mostly higher in Asia after advances for big technology companies carried Wall Street to further gains overnight

Yuengling, about two hours northwest of Philadelphia, announced a joint venture with Molson Coors on Tuesday to break out beyond its traditional 22-state distribution area in the East.

A federal judge has ordered a New Jersey casino executive who left Atlantic City’s top casino to work for a competitor to return a cell phone laden with valuable information on his previous employer’s highest rollers and best customers.

Wall Street closed out its worst week since June with another day of churning trading Friday

Century 21 Stores — a destination for bargain hunters looking for fat deals on designer dresses and shoes, cosmetics and housewares for nearly 60 years — has filed for Chapter 11 bankruptcy and is winding down its business, shutting all 13 stores across New York, New Jersey, Pennsylvania and Florida.