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ABC Business News
Two travelers say their wheelchairs were lost on same United Airlines flight
PK-Photos/Getty Images (NEW YORK) — Two travelers claim United Airlines lost their wheelchairs after taking a flight with the carrier earlier this week. Karah Behrend and Ryan Major were returning from a wheelchair rugby tournament [Read More…]
New heart-shaped Hershey’s doughnuts at Krispy Kreme for Valentine’s Day
Krispy Kreme (NEW YORK) — Valentine’s Day celebrations just got sweeter with four new doughnuts at Krispy Kreme. The new heart-shaped doughnuts, which hit menus Tuesday, are made with real Hershey’s milk chocolate and Hershey’s [Read More…]
Fans react to Nike and Tiffany & Co. Air Force 1 1837 sneaker collaboration
Courtesy of Nike, Tiffany & Co. (NEW YORK) — The moment many sneaker fans have been patiently waiting for has arrived. Nike and Tiffany & Co. have partnered to create a “Legendary Pair” of the [Read More…]
Sam Bankman-Fried’s bond guarantors should be public, judge says
ABC News (NEW YORK) — Sam Bankman-Fried’s bond guarantors should be named publicly, a federal judge ruled Monday after news organizations objected to the names being redacted. Bankman-Fried was released on a $250 million personal [Read More…]
Johnson & Johnson can’t invoke bankruptcy to stop cancer lawsuits, court says
RapidEye/Getty Images (NEW YORK) — Johnson & Johnson cannot use bankruptcy court to resolve civil lawsuits that claim its iconic baby powder caused cancer, a federal appeals court ruled Monday. The opinion foiled Johnson & [Read More…]
Over 50,000 pounds of charcuterie-style sausage recalled over listeria contamination
USDA (NEW YORK) — Before you start on that charcuterie board, check your meats to ensure they’re safe to consume. Over 50,000 pounds of ready-to-eat sausage products were recalled Sunday due to possible listeria contamination, [Read More…]
‘I’m still shocked’: Tech workers offer insider account of mass layoffs
dowell/Getty Images (NEW YORK) — Layoffs have battered the tech industry in 2023, carrying over a series of job cuts that began last year. In all, about 50,000 people have lost their positions this month. [Read More…]
Remember ‘quiet quitting’? ‘Quiet hiring’ is the new workplace trend of 2023
Marko Geber/Getty Images (NEW YORK) — The term “quiet quitting” went viral last year, describing people who stay in their jobs but mentally take a step back — for example, working the bare minimum and [Read More…]
Sam Bankman-Fried has tried to contact potential witnesses, government says
(NEW YORK) — Disgraced crypto executive Sam Bankman-Fried has made “recent attempts” to contact prospective witnesses in his criminal case, federal prosecutors said Friday in a letter to the judge that sought new conditions of his [Read More…]
What to know about severance pay amid high-profile layoffs
Anchalee Phanmaha/Getty Images (NEW YORK) — Continued recession fears and a cascade of tech industry layoffs have drawn renewed attention to severance packages, the compensation offered to some departing employees. Severance packages, which range widely [Read More…]
What to know about PFAS after Thinx underwear settles class-action lawsuit
Nicky J Sims/Getty Images, FILE (NEW YORK) — Human-made chemicals known as PFAS are back in the spotlight after the feminine hygiene company Thinx settled a class-action lawsuit earlier this month for millions of dollars. [Read More…]
US economy grew at end of 2022, defying recession fears
Javier Ghersi/Getty Images (WASHINGTON) — The U.S. economy grew robustly at the end of last year, defying recession fears and weathering an aggressive series of interest rate hikes from the Federal Reserve, government data showed. [Read More…]
GDP data to show economic health amid recession fears
Javier Ghersi/Getty Images (WASHINGTON) — Investors, business leaders and everyday Americans will be keeping a close watch on the release of gross domestic product data on Thursday, as inflation eases but recession fears still loom. [Read More…]
Barbie pays tribute to Bessie Coleman with new Inspiring Women series doll
Mattel (NEW YORK) — Barbie is honoring the life and legacy of Bessie Coleman with a new doll. Coleman, whose birthday falls on Jan. 26, was the first Black and Native American female aviator and [Read More…]
New York attorney general voices concern over facial recognition
Michael M. Santiago/Getty Images (NEW YORK) — A viral controversy over the use of facial recognition technology to bar customers from New York City performance venues has drawn the attention of the state’s top cop. [Read More…]
How financial savings trend ‘credit card fast’ helped one woman buy a home
Lisa Samalonis (NEW YORK) — Credit card debt is often easy to pile on, but hard to pay off. For Lisa Samalonis, smart credit card saving was the key to rebuilding her life after divorce. [Read More…]
Justice Department files antitrust lawsuit against Google over digital advertising
400tmax/Getty Images (WASHINGTON) — The Justice Department and eight other states filed a historic antitrust lawsuit Tuesday targeting Google over what they allege is the Big Tech giant’s monopoly over the online advertising market. The [Read More…]
Ticketmaster’s Taylor Swift ticket fiasco spurs new Senate hearing
Joe Raedle/Getty Images (WASHINGTON) — It was a Ticketmaster meltdown that sent millions of Taylor Swift fans spiraling: lockouts, delays, hours of confusion and soaring aftermarket prices amid reports of scalpers. During the November presale [Read More…]
Look who’s replacing the M&M’s spokecandies for the Super Bowl
M&M’s (NEW YORK) — After an exciting weekend of NFL divisional round playoff games, the stage is closer to being set for Super Bowl 57. But in addition to teams who came up short on [Read More…]
IRS expects better tax season service thanks to Inflation Reduction Act funding
Thinkstock/Getty Images (WASHINGTON) — The Treasury Department is rolling out new measures aimed at improving customer service as the IRS starts to accept 2022 federal income tax returns. Treasury Department Deputy Secretary Wally Adeyemo told [Read More…]