Business News

US stocks close mostly lower as Dow posts new record

iStock/Thinkstock(NEW YORK) — Wall Street closed mostly lower Wednesday as the Dow posted its ninth straight record close. The Dow jumped 32.60 (+0.16 percent) to finish at 20,775.60. The Nasdaq lost 5.32 (-0.09 percent) to close at 5,860.63, while the S&P 500 finished at 2,362.82, down 2.56 (-0.11 percent) from its open. Crude oil prices were 1 percent lower; about …

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Sharks and 'Shark Tank's' most frustrating, yet successful entrepreneur

Creatas/Thinkstock(NEW YORK) — Copa Di Vino founder James Martin isn’t bothered by the fact that the “sharks” of ABC’s Shark Tank don’t have fond memories of his two infamous appearances on the hit entrepreneurial reality show. That’s because, despite walking away from the sharks’ offers twice and being known as one of the sharks’ most disliked inventors, Martin’s product is …

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Existing home price sales start the year off strong

iStock/Thinkstock(WASHINGTON) — Despite rising mortgage rates, sales of existing homes started off at a strong pace in 2017 — up 3.3 percent in January. “They set a new post-recovery record. They were at 5.69 million sales in January, which is the highest since February 2007,” said Danielle Hale, the Managing Director of Housing Research at the National Association of Realtors. …

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Pop-Tarts Café opens in New York City

iStock/Thinkstock(NEW YORK) — If you love Pop-Tarts, New York restaurant Kellogg’s NYC is where you need to be. Forbes reports the Times Square restaurant known for featuring the company’s cereals as well as sundaes, shakes and parfaits, has become the Pop-Tarts Café for one week through Sunday, Feb. 26. Almost 20 flavors of the toaster treats are selling at $1 …

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Calphalon recalls two million knives over faulty blades

U.S. Consumer Product Safety Commission(NEW YORK) — Calphalon is recalling approximately two million knives over faulty blades that can break during use, potentially causing a laceration. The products affected include Calphalon Contemporary Cutlery carving, chef, paring, santoku and utility knives that were sold in stores nationwide and online between September 2008 and December 2016. The recalled knives were sold both …

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UPS tests launching drones from trucks equipped with battery chargers

Courtesy UPS(LITHIA, Fla.) — UPS took one step closer Monday to using drones to deliver packages to its customers. The world’s largest package delivery company used a drone to drop off a package at a home in Lithia, Florida, a suburb of Tampa. UPS has tested drone deliveries in the past, but this week’s test was notable because it launched …

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US stocks close higher, add new records

iStock/Thinkstock(NEW YORK) — Wall Street closed higher after the holiday weekend as the major indexes notched new records. The Dow jumped 118.95 (+0.58 percent) to finish at 20,743.00. The Nasdaq gained 27.37 (+0.47 percent) to close at 5,865.95, while the S&P 500 finished at 2,365.38, up 14.22 (+0.60 percent) from its open. Crude oil prices were 1 percent higher; about …

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Wells Fargo fires four senior managers in connection with account investigation

Justin Sullivan/Getty Images(NEW YORK) — Wells Fargo fired four senior managers Tuesday in connection with an ongoing probe into the banking company’s sales practices. In September, the company was hit with a $185 million fine from the U.S. government for opening over 1.5 million deposit and credit card accounts without permission from customers. Wells Fargos said Tuesday that the board …

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The Legging Lab: What to look for when shopping for leggings

ABC News(NEW YORK) — Leggings are at the forefront of the athleisure trend. Some people now wear leggings straight from the gym to the coffee shop, to run errands and even to work. With so many leggings to choose from, Good Housekeeping magazine put different brands of leggings under examination for everything from breathability to durability, comfort and fit, and …

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Uber hires former Attorney General Eric Holder to probe sexual harassment claims

Uber(NEW YORK) — Uber said on Monday that it is tapping former U.S. Attorney General Eric Holder to help conduct an investigation into sexual harassment claims made by a former employee. Uber CEO Travis Kalanick announced the move in a letter sent around to company employees which was seen by ABC News. The announcement came a day after Kalanick vowed …

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