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Ticker: First Commonwealth reports Q4 earnings

First Commonwealth Financial Corp. (FCF) on Tuesday reported fourth-quarter profit of $44.9 million. The Indiana, Pennsylvania-based bank said it had earnings of 43 cents per share. The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share. CNB posts income of $33.6M in Q4 CNB Financial Corp. (CCNE) on Tuesday reported net income of $33.6 million in its fourth quarter. The Clearfield, Pennsylvania-based bank said it had earnings of $1.10 per share. Earnings, adjusted for ...

UPS looks to cut up to 30,000 jobs this year

UPS is planning to cut up to 30,000 operational jobs this year as the package delivery company continues with its turnaround efforts and reducing the number of Amazon shipments that it handles. Last year, UPS started on a plan to reduce dependency on its largest customer, Amazon, and focus on ...

Briefcase: Event to help manufacturers navigate AI’s impact

JOHNSTOWN Event to help manufacturers navigate AI’s impact JARI, in partnership with the Cambria Regional Chamber and the Greater Johnstown Regional Partnership, will host an educational event for regional manufacturers titled “Manufacturing and the AI Revolution: Opportunities for Growth, Jobs, Families, and Communities.” The event will take place from 2 to 4 p.m. Jan. 29 at the Frank J. Pasquerilla Conference Center in downtown Johnstown. Designed to help local manufacturers better understand and prepare for the rapidly evolving role of artificial intelligence in ...

Analysts project chill on economy due to storm

HOUSTON — The deadly and widespread winter storm paralyzing much of the American East with ice, snow and cold is also taking a multi-billion dollar bite out of the U.S. economy, experts figure. But how much? Economists and meteorologists are trying to get a handle on the disruption costs of winter weather disasters, which aren’t as easy to calculate as buildings destroyed by hurricanes, floods and fires. “Events like this storm highlight just how interconnected our economy is with weather conditions. When major transportation hubs shut down or power grids fail, the cascading ...

Ticker: Trump threatens to hike tariffs on SKorean goods

Trump threatens to hike tariffs on SKorean goods President Donald Trump says he is increasing tariffs on South Korean goods because the country’s national assembly has yet to approve the trade framework announced last year. Trump said on social media Monday that import taxes would be raised on autos, lumber and pharmaceutical drugs from South Korea with the rate on other goods going from 15% to 25%. The U.S. president previously imposed the tariffs by declaring an economic emergency and bypassing Congress, while South Korea needed legislative approval for the framework announced in ...