Friday , 31 October 2014

Business News

Microsoft Unveils New Wearable Fitness Device

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Microsoft(NEW YORK) — Microsoft introduced a new wearable health and fitness device that is on sale Thursday. The Microsoft Band is $199 and works with Windows Phone, iOS and Android. The device joins the competitive health wearables market with the likes of Fitbit, providing calorie counts and sleep quality measurements. Follow @ABCNewsRadio Copyright 2014 ABC News Radio Read More »

Apple CEO Tim Cook 'Proud to Be Gay'

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Kevork Djansezian/Getty Images(NEW YORK) — Tim Cook is “proud to be gay.” The Apple CEO makes this declaration in an essay titled “Tim Cook Speaks Up” for Bloomberg Businessweek. While Cook has never been secretive about his sexuality, he admits in the written piece, “this wasn’t an easy choice,” and that he has not publicly acknowledged the subject either — ... Read More »

Windowless Planes to Hit Skies in Next Decade

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Centre for Process Innovation(NEW YORK) — Imagine flying on an airplane and being able to see the clouds all around you. That’s what one company plans on achieving in the next 10 years — an airplane without windows. The Centre for Process Innovation (CPI), a U.K.-based cutting edge technology association, envisioned the next generation aircraft in an effort to conserve ... Read More »

Jobless Claims Jump to 287K

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iStock/Thinkstoc(WASHINGTON) — Jobless claims were higher last week, increasing by 3,000, according to the latest figures released Thursday by the Labor Department. For the week ending Oct. 25, the number of people filing for benefits jumped to 287,000. The previous week claims stood at 284,000, revised up from 283,000. The Labor Department said there were no “special factors” impacting that ... Read More »

IRS Announces Tax Guidance Related to Ebola Outbreak in West Africa

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MariuszBlach/iStockphoto/Thinkstock(WASHINGTON) — The Internal Revenue Service issued tax guidelines regarding charitable and other relief related to the Ebola outbreak in Guinea, Sierra Leone and Liberia. The IRS press release notes two tax designations designed to promote donations and aid for West Africa. Employees, the agency says, “may donate their vacation, sick or personal leave in exchange for employer cash payments ... Read More »

Federal Reserve Ends Bond-Buying Program, Will Keep Interest Rates Low

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Cameron Whitman/iStockphoto/Thinkstock(WASHINGTON) — The Federal Reserve announced on Wednesday that it would end its recession-era bond purchasing program, noting improvement in the labor market and the financial landscape. According to a press release, the Federal Open Market Committee found at their September meeting that with the economy growing at a moderate pace and improved labor market conditions, the bond-buying program ... Read More »

Wall Street Dips on Wednesday, Fed to End Bond-Buying Program

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iStock/Thinkstock(NEW YORK) — The markets fell on Wednesday, following a strong start to the week. The Dow Jones Industrial Average dipped 31.44 to 16,974.31, falling back below 17,000 just one day after it jumped back over the milestone. The Nasdaq slumped 15.06, closing at 4,549.23, while the S&P 500 slid 2.75 to a finish of 1,982.30. The Federal Reserve on ... Read More »

UPS Driver Caught Mishandling $12K Package on Video

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iStock/Thinkstock(NEW YORK) — UPS reps were “horrified” recently when they watched a store’s surveillance video showing one of their drivers treating a package with little care, a store associate said. “[The UPS driver] just basically threw the thing out the door,” Ray Martel of East Hills Instruments in Westbury, New York, told ABC News affiliate WABC-TV. On Monday, Martel said ... Read More »

Apple Pay Competitor CurrentC Falls Victim to Hackers

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CurrentC(NEW YORK) — CurrentC, the mobile payments solution being tested by Walmart and other retailers, confirmed on Wednesday it has been hacked. “Within the last 36 hours, we learned that unauthorized third parties obtained the e-mail addresses of some of our CurrentC pilot program participants and individuals who had expressed interest in the app,” Linda Walsh, a spokeswoman for Merchant ... Read More »

Chrysler Recalls 380,000 Trucks over Fuel-Heater Housing Issue

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Chrysler(AUBURN HILLS, Mich.) — Chrysler is recalling 381,876 trucks worldwide over an issue with fuel-heater housings that could lead to a fire. The affected vehicles are mostly in the U.S. and include 2010-2014 Ram 2500 and 3500 pickups along with 4500 and 5500 chassis cabs equipped with 6.7-liter Cummins diesel engines. In a statement Wednesday, the automaker says a terminal ... Read More »