Business News

KFOR provides you the lastest business news from ABC.

A   A   A

Elon Musk Gives Update on Tesla Model 3

Tesla Motors(NEW YORK) --  Once production is up and running, CEO Elon Musk anticipates Tesla will be able to produce 100,000 to 200,000 Model 3 cars in 2017.Tesla has hundreds of thousands of people waiting to get behind the wheel of its mass-market

No Powerball Winner, Jackpot Grows to $415 Million

Sean Gladwell/Hemera/Thinkstock(NEW YORK) -- There were no jackpot winners in Wednesday's $361.5 million Powerball drawing, the Texas Lottery Commission announced about 90 minutes after the winning numbers were called.Now, Saturday's jackpot will be $415

Lawmakers Urge FTC to Investigate 'Dark Money' Group Attacking Consumer Watchdog

Alex Wong/Getty Images(WASHINGTON) -- Some lawmakers are trying to find out who's paying so-called "dark money" for ads attacking the watchdog group Consumer Financial Protection Bureau (CFPB).Protect America's Consumers, a political lobbying group, has s

Former Reddit CEO Ellen Pao, Silicon Valley Female Leaders Urge Tech Firms to Me

Marla Aufmuth/Getty Images for Massachusetts Conference for Women(SAN FRANCISCO) --  Former Reddit CEO Ellen Pao and other female tech leaders have shared some do's and don'ts for companies to improve inclusion and diversity in their industry, includ

Takata Airbag Recall Will More Than Double in Size

iStock/Thinkstock(WASHINGTON) — The National Highway Traffic Safety Administration today will announce a major expansion of the Takata airbag recall, more than doubling the number already under recall, a source familiar with the planned expansion to

Crying Babies Mean Free Flights During JetBlue Flight

iStock/Thinkstock(NEW YORK) --  Parents flying with small children have two main fears: One, that their child will misbehave during the flight, and two, that the other passengers will hate them for it.Just in time for Mother's Day, JetBlue has releas

Facebook Rewards 10-Year-Old Boy With $10,000 After Finding Instagram Bug

iStock/Thinkstock(NEW YORK) --  This is one precocious programmer.Facebook rewarded a 10-year-old Finnish boy with $10,000 after he discovered a bug that allowed him to delete other people's Instagram comments.Reports from teenagers are not uncommon,

Company Expands Voluntary Recall to Include All Frozen Vegetable and Fruit Produ

iStock/Thinkstock(PASCO, Wash.) — CRF Frozen Foods of Pasco, Washington, has expanded a voluntary recall for some of its products, which included organic and non-organic fruits and vegetables because of the risk of Listeria, according to the company

Puma Unveils Runner Racing Robot

CHRISTOF STACHE/AFP/Getty Images(NEW YORK) — “Everyone runs faster when there's something to beat." That's the idea behind athletic company Puma's new Beat Bot -- a tiny, shoebox-sized rolling robot that's designed to do for runners what that

Takata Airbag Recall More Than Doubling in Size, Source Says

KAZUHIRO NOGI/AFP/Getty Images(NEW YORK) -- Takata's airbag recall could more than double in size.A source familiar with the planned expansion confirms to ABC News that on Wednesday, the National Highway Traffic Safety Administration will announce an expa

Google Chrome Named Top Internet Browser

Thomas Trutschel/Photothek via Getty Images(NEW YORK) -- Google Chrome has become the top browser in the world, beating out rival Internet Explorer, according to new data.Net Market Share, an analytics firm, said Google's browser had 41.71 percent of the

Stocks Tumble After Weak China Growth Data

iStock/Thinkstock(NEW YORK) -- Wall Street lost its gains from the day before as oil prices tumbled and investors worried about China's slow growth.The Dow dropped 140.25 (0.78 percent) to close at 17,750.91.The Nasdaq fell 54.37 (1.13 percent) to finish

Powerball Jackpot Swells to $348 Million for Wednesday's Drawing

Justin Sullivan/Getty Images(NEW YORK) -- Some lotto players are scrambling to get tickets ahead of Wednesday's Powerball drawing now that the jackpot has swelled to an estimated $348 million.It's the biggest Powerball jackpot since the record $1.586 bill

Pizza Shop Loses Name, Offers Free Pizza for New One

WFAA-TV(DALLAS) -- A pizza chain in Texas is turning lemons into lemonade after it was forced to change its name.Black Jack Pizza in South Dallas and Pleasant Grove has been serving pies and burgers for more than 30 years. But the family that owns the sma

Inside Candy Crush Kingdom as It Prepares to Create 2,000th Level

iStock/Thinkstock(STOCKHOLM) -- When it comes to mobile gaming, the Candy Crush games have proven to be sweetly addictive for hundreds of millions of active users around the world.Sebastian Knutsson, co-founder and chief creative officer of King, the comp

NY Grocery Chain Fairway Files for Bankruptcy

iStock/Thinkstock(NEW YORK) -- New York-based grocery chain Fairway announced on Monday it has filed for Chapter 11 bankruptcy protection.The company said it reached an agreement with its senior lenders on a reorganization plan that will eliminate roughly

'Pharma Bro' Martin Shkreli May Face Additional Fraud Charges

iStock/Thinkstock(NEW YORK) -- Former pharmaceutical CEO Martin Shkreli may face additional fraud charges, prosecutors said Tuesday in a New York court.Shkreli initially came under fire for significantly raising the price of a drug called Daraprim that tr

'Pharma Bro' Martin Shekreli May Face Additional Fraud Charges

iStock/Thinkstock(NEW YORK) -- Former pharmaceutical CEO Martin Shkreli may face additional fraud charges, prosecutors said Tuesday in a New York court.Shkreli initially came under fire for significantly raising the price of a drug called Daraprim that tr

Disney 'Imagineers' Reveal Secrets to Creating Memorable Rides

Walt Disney Imagineering(ORLANDO, Fla.) -- When park-goers swarm Walt Disney World's Animal Kingdom later this month, Joe Rhode will be paying close attention.The executive designer and vice president of Walt Disney Imagineering Creative has spent the las