Business News

Little change on Wall Street as stocks give back early gains

JaysonPhotography/iStock/Thinkstock(NEW YORK) — Another mixed day on Wall Street saw the indices give back most of their early-session gains on Thursday. The Dow Jones Industrial Average dropped 12.74 to a close of 21,397.29. The Nasdaq climbed to 6,236.69, a gain of 2.74, while the S&P 500 dipped to 2,434.50, dropping 1.11 on the day. Some employees at Uber have circulated …

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FCC fines Miami man $120 million for making more than 100 million spoofed robocalls

BrianAJackson/iStock/Thinkstock(WASHINGTON) — The Federal Communications Commission on Thursday announced a $120 million fine against a Miami man accused of making more than 100 million spoofed robocalls in a three-month span. According to the FCC, Adrian Abramovich used those spoofed calls to trick consumers into listening to his advertising messages. Approximately 80,000 spoofed calls were verified by the agency. According to …

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George Clooney, partners sell tequila company for $1 billion

iStock/Thinkstock(NEW YORK) — George Clooney won’t have to worry about a college fund for his newborn twins. The Oscar winner just sold his tequila business with partners Rande Gerber and Michael Meldman to British company Diageo for $1 billion, ABC News has confirmed. “If you asked us four years ago if we had a billion-dollar company, I don’t think we …

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Energy stocks fall in tough day on Wall Street

JaysonPhotography/iStock/Thinkstock(NEW YORK) — A rough day for energy stocks pushed Wall Street lower on Wednesday. The Dow Jones Industrial Average finished the day down 53.89, closing at 21,413.25. The Nasdaq gained 45.92 to a finish of 6,233.95, while the S&P 500 ended the session at 2,435.78, 1.25 lower than on Tuesday. Rig Operator Transocean saw its stock prices drop about …

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167 drivers pay it forward in McDonald’s drive-thru

McDonald’s(SCOTTSBURG, Ind.) — McDonald’s cashier Hunter Hostetler is on the lookout for the customer who started a 167-driver pay-it-forward chain at the Scottsburg, Indiana, McDonald’s where Hostetler has worked since October. “I keep looking for her, hoping I see her and can tell her what happened,” Hostetler told ABC News. “I don’t know if she knows, but I hope to …

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Surprising drop for Apple’s Tim Cook on highest-rated CEO list

Photo by Stephen Lam/Getty Images(NEW YORK) — A number of tech company leaders made Glassdoor’s list of the 100 highest-rated CEOs for 2017, but one in particular saw his stock fall. The list, released on Wednesday, uses ratings from anonymous employees to review those in charge of their own companies. The ratings are then combined with an algorithm to rank …

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Cartier Tank watch owned by Jacqueline Kennedy going up for auction

Christie’s Images LTD. 2017(NEW YORK) — The watch once owned by former first lady Jacqueline Kennedy — and worn by the fashion icon in many prominent photos — is being auctioned in New York Wednesday. The Cartier Tank watch was originally given to Kennedy by her brother-in-law Prince Stanislaw “Stas” Radziwill, and is engraved with “Stas to Jackie 23 Feb. …

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Uber CEO Travis Kalanick resigns

Uber(NEW YORK) — Travis Kalanick, the embattled CEO of the ride-hailing company Uber, resigned on Tuesday, a company spokesperson told ABC News. The resignation comes amid a decision by company shareholders who pushed for his exit. “I love Uber more than anything in the world and at this difficult moment in my personal life I have accepted the investors request …

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