Business News



KFOR provides you the lastest business news from ABC.

A   A   A
Share

Inside an Ecocapsule: A Futuristic Wind and Solar Powered Pod-Like Home


iStock/Thinkstock(NEW YORK) -- A small wind and solar powered pod home called the Ecocapsule could be the home of the future if its creators have their way.While the egg-shaped homes look more like something from a Hunger Games movie, Nice Architects, a c

Gas Prices Continue to Rise


iStock/Thinkstock(WASHINGTON) -- Gas prices continue to go up as summer nears.The Energy Department says the average price of regular unleaded gas went up about three more cents in the past week and now stands at $2.77 a gallon.In California, the average

Microsoft's Cortana Is Coming to iOS, Android Devices


Microsoft(NEW YORK) -- Microsoft's sassy virtual personal assistant Cortana will soon be staking out a spot on competing platforms. Joe Belfiore, head of Microsoft's operating systems group, announced in a blog post on Tuesday that Cortana will be availab

Wall Street Continues Slump After Holiday Weekend


JaysonPhotography/iStock/Thinkstock(NEW YORK) -- The Dow suffered its worst day in a month on Tuesday as all of the sectors of the S&P 500 continued to drop after the holiday weekend. The Dow Jones Industrial Average closed at 18,041.54 on Tuesday, do

Lilly Pulitzer Accused of 'Fat Shaming' at Company Headquarters


alexandradabija/iStock/Thinkstock(KING OF PRUSSIA, Pa.) -- Lilly Pulitzer is again stirring up controversy along with its colorful cocktail-and-dress culture, but it has nothing to do with its Black-Friday-style team-up with Target last month. The brand's

What Jony Ive's Promotion Means at Apple


Apple(NEW YORK) -- Jony Ive was already the most prominent design visionary at Apple and now the London-born designer, who has the honor of having a sir before his name, is stepping into the newly created position of chief design officer. The move will al

New Home Sales Surge in April


iStock/Thinsktock(NEW YORK) -- New home sales were up in April nearly 7 percent from March with 517,000 single-family homes sold, according to the latest figures released by the Commerce Department. March sales were also revised up a few thousand units si

US Home Sales Surge in April


iStock/Thinsktock(NEW YORK) -- Homes sales were up in April nearly 7 percent from March with 517,000 single-family homes sold, according to the latest figures released by the Commerce Department. March sales were also revised up a few thousand units signa

Look How Far the Internet Revolution Has Come


iStock/Thinkstock(GENEVA) -- A new report from the International Telecommunication Union, a United Nations agency, has found that 3.2 billion people -- about 44 percent of the world's population -- will have used the Internet by the end of this year.The n

Charter Communications Agrees to Buy Time Warner Cable


Chris Hondros/Getty Images(NEW YORK) -- Another cable mega-merger is in the works. This time, it's Charter Communications buying its much larger rival Time Warner Cable for $55.33 billion. Ahead of the deal, Time Warner -- the second biggest company in th

Four Ways to Save Money on Your Cellphone Bill


iStock/Thinkstock(NEW YORK) -- The average American spends about $1,000 a year on their cellphone bill, but some industry insiders estimate about $50 billion is wasted annually on parts of the plan they don't even need or use. So how do you know if you ar

Memories Lure Tourists to Last Howard Johnson's Restaurant in US


Ingram Publishing/Thinkstock(LAKE GEORGE, N.Y.) -- What's old is new again in the tourist town of Lake George, New York, where a newly reopened Howard Johnson's restaurant is seeing a resurgence in popularity among baby boomers.Following the closure of a

Tigerair Offers $9 Flights in Fare War With Competing Airlines


PomInOz/iStock Editorial/Thinkstock(MELBOURNE, Australia) -- In the ongoing fare war between Australia's budget airlines, it would seem that travelers are the current victors.Tigerair, a short-haul carrier owner by Virgin Australia, dropped roughly 500 fa

More than 160,000 Trailer Hitches Recalled Over Weak Steel Concerns


papa1266/iStock/Thinkstock(NEW YORK) -- Close to 162,000 trailer hitches are being recalled over fears that weak steel can cause the hitch to break.The recall affects the “U-Haul Power Tow” TS1 and TS2 models, which were sold exclusively at U-

Buffett: Raising Minimum Wage to $15 Would 'Reduce Employment in a Major Way'


Photo by Bill Pugliano/Getty Images(NEW YORK) -- Billionaire Warren Buffett objected to the idea of raising the minimum wage to $15 in an op-ed for the Wall Street Journal on Friday, saying that such a move would "reduce employment in a major way.""The Am

AAA: Nearly 37 Million Americans Traveling Memorial Day Weekend


Fuse/Thinkstock(NEW YORK) -- Close to 37 million Americans will mark the unofficial start of summer this Memorial Day weekend by hitting the road, a new forecast from AAA shows.The automobile group projects 33 million people will travel 50 miles or more f

Super Fancy Waffle House in the Works in New Orleans


SeanPavonePhoto/iStock Editorial/Thinkstock(NEW ORLEANS) -- When you need it, the always-open Waffle House is there. And now, the 24-hour chain is coming to New Orleans in a seriously upgraded way. Waffle House is adding a feature to its restaurants that