Business News

KFOR provides you the lastest business news from ABC.

A   A   A

Craigslist Fires Back After Government Criticism Over Recalled Products

ABC News(NEW YORK) —  The CEO of Craiglist posted an open letter to a top U.S. government safety official Friday, saying that while he agrees the consumer product recall system is deeply flawed, he was “dismayed” that the official

Dow and S&P Reach Record Closes

iStock/Thinkstock(NEW YORK) -- The Dow Jones Industrial Average and S&P 500 reached record closes on Friday.The Dow soared just after Friday's opening bell when China's central bank cut a key interest rate. It closed up 88.94 points at 17,807.94.The N

Five Scams to Beware of This Holiday Season

iStock/Thinkstock(NEW YORK) -- Holidays are a time for joy, family and maybe a few presents. But it's also when scammers and thieves are on the lookout for shoppers who let their guard down.Here's how to stay safe this holiday season, and what scams to

CardHub's Most Popular Gift Cards for 2014

iStock/Thinkstock(NEW YORK) -- Gift cards may be among the most requested gift items this year, according to the National Retail Federation, in part because the choices are endless. So which one should you present to your friends and family this holiday s

Comcast Testing System that Allows Customers to Track Technicians

DisabilityImages/Thinkstock(NEW YORK) -- Put on your bathing suits, cable customers, because you’ll be channel surfing in no time! No, it’s not Jim Carrey’s iconic Cable Guy character coming promptly to your door, but your own local cabl

Twitter Rolls Out Tweet-Sharing Feature for Direct Messages

iStock/Thinkstock(NEW YORK) -- It's been a big week of enhancements for Twitter users.The social networking platform announced that private tweet sharing is now available to users, allowing them to flag a particular tweet they wish to share with a friend

Most Expensive Home for Sale in US Can Be Yours for $195 Million

Coldwell Banker Previews International(BEVERLY HILLS, Calif.) -- Some houses boast a wine cellar, but this place has a vineyard.The Palazzo di Amore, or “Palace of Love,” is located in Beverly Hills, California, and can be yours for $195 milli

Dow Jones Industrial Hits New High

Spencer Platt/Getty Images(NEW YORK) — The Dow Jones Industrial Average is trading at new highs Friday thanks to an interest rate cut by the People’s Bank of China and the suggestion of new stimulus by the European Central Bank.As of 10 a.m.,

Okla. Walmart Employee Defends Food Donation Campaign for Co-Workers

The Making Change at Walmart campaign(MIDWEST CITY, Okla.) — A group calling for better working conditions at Walmart is criticizing a food donation campaign for employees in need, saying it's symptomatic of wages being too low.But Dawnne Sulaitis,

Craigslist 'Irresponsible' over Recalled Products Policy, Says Consumer Safety C

ABC News(NEW YORK) — The chairman of the Consumer Product Safety Commission, Elliot Kaye, says the online ad site Craigslist is “morally irresponsible” for its failure to do what other sites do to block the sale of defective products und

Americans Not Yet Enamored with Thanksgiving Day Shopping

Sandy Huffaker/Getty Images(WASHINGTON) — Almost nine out of ten Americans are planning not to shop on Thanksgiving Day, according to a National Retail Federation survey of 6,600 shoppers.This may come as a shock to the growing number of retailers t

Man Launches Crowdsourcing Campaign to Create Doll with Stretch Marks, Acne

Nickolay Lamm(PITTSBURGH) -- Toy manufacturers have been getting backlash in recent years for making dolls too pretty, too skinny and too perfect-looking. Now, one doll may alter our perception of what it means to be beautiful.“I remember shopping

Markets Climb to All-Time Highs

iStock/Thinkstock(NEW YORK) -- Rising home sales and an upbeat weekly employment report pushed the markets to all-time highs on Thursday.The Dow Jones Industrial Average climbed 33.27 to close at a record  17,719.00. The Nasdaq rose 26.16 points to 4

Apple Makes Small Change to Its App Store

Apple(NEW YORK) -- Visitors to Apple's app store on Thursday may notice that the "free" button to download an app has been changed to "get."While the change was made without any fanfare, the Internet has been abuzz with speculation that the move is design

Robot Bartenders Mix it Up on the High Seas

Royal Caribbean(NEW YORK) -- Of all the tech things travelers love about the cruise industry's latest brand-new mega-ship, robot bartenders is definitely the most talked about.Royal Caribbean's Quantum of the Seas, part of the line's Quantum Class, spans

Jobless Claims Fall to 291K Last Week

iStock/Thinkstock(WASHINGTON) — Jobless claims dropped slightly lower last week, decreasing by 2,000, according to the latest figures released Thursday by the Labor Department.For the week ending Nov. 15, the number of people filing for unemployment

Infant 'Fingertip Amputations' Lead to Huge Graco Stroller Recall

U.S. Consumer Product Safety Commission(WASHINGTON) -- Nearly five million Graco baby strollers have been recalled due to “fingertip amputation hazard,” but an ABC News investigation found that if this recall goes like most safety recalls, a v

Many Young Adults Uncertain About Future Employment Opportunities

Getty Images(WASHINGTON) -- How many times have young adults heard that they’re enjoying the best years of their lives?Unfortunately, a lot of people in their 20s and early 30s are having anything but that, in large part due to a still sluggish empl

Home Improvement Tops Consumer Satisfaction List

iStock/Thinkstock(NEW YORK) -- Businesses can't exist without happy customers, which is why they try their best to satisfy them. And in YouGov BrandIndex’s first annual consumer satisfaction ranking of brand categories, the winner is Home Improvemen

Large Sized Vehicles Best for Surviving Potentially Fatal Accidents

iStock/Thinkstock(INDIANAPOLIS) -- Despite everything that’s been done to help motorists avoid fatal accidents, there are still 30,000 deaths in the U.S. annually caused by vehicular crashes.About 21 percent of head-on collisions involve drivers 15-

Michelin Reinvents the Wheel with Airless Tire

Michelin(NEW YORK) -- Drivers' hearts may not go aflutter over innovation in the tire industry as much as they get excited by a new tech gadget, but Michelin North American Chairman Pete Selleck says the company is truly reinventing the wheel.Selleck is a