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Europe has ‘maybe 6 weeks of jet fuel left,’ energy agency head warns

PARIS (AP) — Europe has “maybe six weeks or so” of remaining jet fuel supplies, the head of the International Energy Agency said Thursday in a wide-ranging interview, warning of possible flight cancellations “soon” if oil supplies remain blocked by the Iran war. IEA Executive Director Fatih Birol painted a sobering picture of the global repercussions of what he called “the largest energy crisis we have ever faced,” stemming from the pinch-off of oil, gas and other vital supplies through the Strait of Hormuz. “In the past there was a group called ‘Dire Straits.’ ...

PepsiCo’s sales jump after it cuts prices

PepsiCo’s decision to lower prices and cut artificial ingredients paid off in the first quarter, boosting demand for its snacks and drinks. Revenue jumped 8.5% to $19.44 billion in the January-March period compared to the same period a year ago, the Purchase, New York, company said Thursday. That handily beat Wall Street’s forecast of $18.95 billion, according to analysts polled by FactSet. “The consumer is coming back multiple times to our brands, responding to our holistic value plus execution, plus advertising, plus innovation strategy,” PepsiCo CEO Ramon Laguarta said ...

Jury finds Ticketmaster, Live Nation had an anticompetitive monopoly

NEW YORK (AP) — A jury has found that concert giant Live Nation and its Ticketmaster subsidiary had a harmful monopoly over big concert venues, dealing the company a loss in a lawsuit over claims brought by dozens of U.S. states and the District of Columbia. A Manhattan federal jury deliberated for four days before reaching its decision Wednesday in the closely watched case, which gave fans the equivalent of a backstage pass to a business that dominates live entertainment in the U.S. and beyond. “It’s a great day for antitrust law,” a jubilant attorney, Jeffrey Kessler, said as ...

Pittsburgh Post-Gazette announces it has found a buyer to keep newspaper open

NEW YORK (AP) — Barely two weeks before it was due to shut down, the Pittsburgh Post-Gazette said Tuesday it had found a last-minute buyer — a successful nonprofit journalism operation that has agreed to keep the struggling newspaper open. The resolution to a months-long worry in western Pennsylvania about the paper’s shutdown comes at a difficult moment for the American newspaper industry, which has shed jobs, resources and sometimes entire companies due to the upending of the traditional revenue model by the internet at the beginning of this century. The Post-Gazette dates ...

Leadership Mahoning Valley applications accepted

Leadership Mahoning Valley is accepting applications for the Class of 2027, which will begin its 42nd session this September. Applications are due Wednesday, July 1. This immersive, nine-month program connects participants to the people, organizations and issues shaping the Mahoning Valley. Through engaging speakers, site visits, tours and hands-on experiences, participants gain a deeper understanding of key community sectors, including history and heritage, government and justice, health and human services, business and economic development, education, housing and quality of ...

Dearing Compressor purchases W.Va. distributor

An industrial air compressor manufacturer and distributor headquartered in Boardman announced its recent acquisition of a West Virginia business. In a news release, Dearing Compressor & Pump Co. said it purchased J&L Supply Company of Huntington, W.Va. The transaction expands the third-generation, family-owned business’ coverage in the southern Ohio, eastern Kentucky and West Virginia markets. “J&L has spent more than 40 years building strong customer relationships in this market, and that’s what we’re here to continue,” said Pat Kelly, vice president of distributed ...