Friday , 24 February 2017

Business News

US stocks close higher as Dow sets 11th straight record

iStock/Thinkstock(NEW YORK) — The Dow Jones Industrial Average set an 11th straight record on Friday. The Dow jumped 11.44 (+0.05 percent) to finish at 20,821.76. The Nasdaq gained 9.80 (+0.17 percent) to close at 5,845.31, while the S&P 500 finished at 2,367.34, up 3.53 (+0.15 percent) from its open. Crude oil prices were nearly 1 percent lower; about $54 a ... Read More »

Woman speechless to learn she won $2M jackpot in Powerball drawing

iStock/Thinkstock(NEWARK, N.J.) — A New Jersey woman was rendered speechless when she was told she had won $2 million in Wednesday’s Powerball jackpot — and her stunned reaction was captured on video. Jessica Macarone learned of her lottery win in front of reporters at the News Day newsstand in Newark, New Jersey, where she purchased the Powerball ticket. Macarone returned ... Read More »

JCPenney to close up to 140 stores, two distribution facilities

Noam Galai/Getty Images(PLANO, Texas) — While JCPenney did well during this past holiday season, posting its first quarterly profit in six years, the company has decided to close about 13 percent of its stores in an effort to sustain profitability and compete against online retailers. “In 2016, we achieved our $1 billion EBITDA target and delivered a net profit for ... Read More »

Little Tikes recalls 540,000 toddler swings over faulty seats

U.S. Consumer Product Safety Commission(WASHINGTON) — Little Tikes is recalling approximately 540,000 toddler swings over a faulty seat that can crack or break, posing a fall hazard. The recall affects 2-in-1 Snug’n Secure pink toddler swings that were sold at stores nationwide and online between November 2009 and May 2014. According to Little Tikes: “The model number 615573 is molded ... Read More »

Dow logs tenth straight record day

iStock/Thinkstock(NEW YORK) — Wall Street closed mostly higher on Thursday as the Dow posted its tenth straight record close. The Dow gained 34.72 (+0.17 percent) to finish at 20,810.32. The Nasdaq lost 25.12 (-0.43 percent) to close at 5,835.51, while the S&P 500 finished at 2,363.81, up 0.99 (+0.04 percent) from its open. Crude oil prices were 1.44 percent higher, ... Read More »

86-year-old Georgia man donates $400K in recycling profits to charity

iStock/Thinkstock(NEW YORK) — An 86-year-old Georgia man has donated approximately $400,000 to a local charity over the course of about 30 years, using money he received from recycling. Johnny Jennings, of Ringgold, Georgia, began recycling decades ago as a way to bond with his only child, a son named Brent Jennings. “We used to use it as time together,” Brent ... Read More »

Google reportedly to take on Uber with expansion of Waze carpool service

iStock/Thinkstock(NEW YORK) — Google may be stepping up to compete with Uber. The tech company is developing a carpool service by expanding its Waze navigation app, according to a Wall Street Journal report.Watch ABC News’ Rebecca Jarvis discuss Google’s Waze expansion: ABC Breaking News | Latest News Videos Copyright © 2017, ABC Radio. All rights reserved. Read More »

The one "Shark Tank" deal Mark Cuban regrets not making

Courtesy John Tabis(NEW YORK) — When founder John Tabis brought The Bouqs Company to ABC’s Shark Tank in 2014, it seemed that all the “sharks” hated the product. “We all passed on it,” shark Robert Herjavec told ABC News. The Bouqs Company disrupts the flower delivery system by selling directly to consumers. It cuts out the layers of middlemen normally ... Read More »

Jobless claims jump to 244K

iStock/Thinkstock(WASHINGTON) — Jobless claims spiked higher last week, increasing by 6,000, according to the latest figures released Thursday by the Labor Department. For the week ending Feb. 18, the number of people filing for benefits jumped from a revised level of 238,000 the previous week to 244,000. The Labor Department said there were no “special factors” impacting that week’s figures. ... Read More »

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