ABC Business News

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…]

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…]

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…]

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…]

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…]

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…]

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…]

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…]

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…]

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…]

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…]

GETTY/HUIZENG HU (MICHIGAN) — The Justice Department is investigating conduct at Abbott Laboratories’ infant formula plant in Sturgis, Michigan, in connection with a contamination investigation that closed the plant last year, a source familiar with the [Read More…]

Mateusz Slodkowski/SOPA Images/LightRocket via Getty Images (NEW YORK) — Companies across the tech industry have announced layoffs, affecting thousands of workers in the first few weeks of 2023. Company officials have often cited economic uncertainty [Read More…]

franckreporter/Getty Images (NEW YORK) — T-Mobile says they discovered a “bad actor” was taking information through a single application, according to an SEC filing by the company this week. “The preliminary result from our investigation [Read More…]

400tmax/Getty Images (NEW YORK) — Alphabet Inc., the parent company of Google, said Friday that it will cut about 12,000 jobs from its global workforce, affecting approximately 6% of the company’s employees. “I have some [Read More…]

Tetra Images/Getty Images (NEW YORK) — The holiday shopping season began with a boom but ended with a whimper. U.S. retail sales fell in December, offering the latest sign of an economic slowdown driven by [Read More…]

shaunl/Getty Images (NEW YORK) — The Occupational Safety and Health Administration cited Amazon on Wednesday for failing to furnish a place of employment that was free from recognized hazards that were causing serious physical harm [Read More…]

NicolasMcComber/Getty Images (NEW YORK) — Microsoft said it will lay off 10,000 employees this year, the latest tech firm to slash jobs as the sector contracts after a pandemic-era boom. The layoffs will affect nearly [Read More…]

Eva Marie Uzcategui/Bloomberg via Getty Images (NEW YORK) — Former President Donald Trump is looking to get back on Facebook. Attorneys for Trump, who was banned from Facebook after the Jan. 6 insurrection, have written [Read More…]