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Electronic Arts closes $55B go-private sale

CHICAGO — Video game giant Electronic Arts officially has new owners. The California-based maker of popular titles like “Battlefield” and “The Sims” announced Tuesday that it closed the $55 billion sale of its business to Saudi Arabia’s sovereign wealth fund PIF, investment firm ...

Briefcase: Colonial Courtyard honored

Tyrone Colonial Courtyard at Tyrone earned IntegraCare’s Gold Level Award for its prompt handling of residents’ callbell requests during the second quarter of 2026. When a resident needs assistance, whether it’s for routine help or an emergency, they can push a pendant they carry on them. During the quarter, Colonial Courtyard at Tyrone’s team responded in person to each call in an average of 1 minutes, 7 seconds to attain Gold Level status after previously earning Silver Level in seven consecutive quarters. To reach the Gold Level, an IntegraCare community needs an Average ...

Ticker: US stocks hold near records; oil slips

Stocks held close to their records on Wall Street, while oil prices were relatively steady. The S&P 500 slipped 0.2% Wednesday from the all-time high it set a day earlier. The Dow Jones Industrial Average rose 0.5%, and the Nasdaq composite lost 0.8%. SpaceX sank after increasing its spending on artificial intelligence. The Walt Disney Co. rose after reporting results that beat analysts’ forecasts, helped by “Toy Story 5.” Rising temperatures could delay more flights American Airlines recently offered compensation to customers who voluntarily gave up their seats after ...

Oil companies continue to post profits with Iran war

NEW YORK — Big oil companies continue to book massive profits as fighting in Iran disrupts energy markets and sends oil and gasoline prices sharply higher. Six of Europe’s largest oil companies posted combined first-quarter profits of $22 billion, more than 40% higher than last year. ...

Briefcase: Levin Furniture recognized

SMITHTON Levin Furniture & Mattress and John V. Schultz Furniture have been named Furniture Retailer of the Year for 2026 by the International Home Furnishings Representatives Association, recognizing the combined organization’s remarkable history, community impact, and continued growth across the region. Levin, which has a location in Altoona, traces its roots to 1920, when Sam and Jessie Levin founded the Sam Levin Furniture Company in a single storefront in Mount Pleasant. Twenty years later, John V. Schultz opened his namesake furniture store in Erie. Though the two companies ...

McDonald’s shows strong Q2 profit

McDonald’s posted a strong profit in its second quarter and named a new head of the U.S. market with sales at home under pressure as many Americans grow increasingly cautious about spending. Same-store sales, or sales at locations open at least a year, edged up 0.8% in the U.S. That’s a sharp slowdown from the 2.5% increase a year ago, when the company had a big win with a meal tied to “A Minecraft Movie.” Global same-store sales rose 1.3%. CEO Chris Kempczinski said during the company’s earnings call on Tuesday that the U.S. performance was partly hurt by inconsistent ...