Business News

  • Gas prices up 5 cents this week, 52 cents from 2017
    iStock/Thinkstock(NEW YORK) -- Leading up to Memorial Day weekend, gas prices nationwide are up 5 cents from last week and are 52 cents higher than a year ago.Regular gasoline in the U.S. on May 21 cost an average of 2.923 cents per gallon, compared with 2.873 cents per gallon on ... read more
    BusinessMay 22, 2018
  • Primate bound for sanctuary breaks out of cage at Texas airport
    KSAT-TV(SAN ANTONIO) -- A rhesus macaque monkey gave handlers the slip at San Antonio Airport, officials confirmed to ABC News.The crafty primate, named Dawkins, managed to extricate itself from a crate on Monday after arriving at the Texas airport aboard American Airlines Flight No. 1014 from Chicago's O'Hare Airport, airport ... read more
    BusinessMay 21, 2018
  • Former President Barack Obama and Michelle Obama sign multiyear deal with Netflix
    Netflix(NEW YORK) -- Former President Barack Obama and Michelle Obama have inked a multiyear deal with Netflix, the streaming service announced Monday.According to a tweet from Netflix, the Obamas will produce films and series for Netflix, which could include scripted series, unscripted series, docu-series, documentaries and features.Netflix did not elaborate ... read more
    BusinessMay 21, 2018
  • Scratch-and-sniff stamps are coming to a post office near you
    USPS(WASHINGTON) -- Scratch-and-sniff stamps are coming to a post office near you, the United States Postal Service announced on Monday.With the warm summer weather moving in, Americans love to cool off with a refreshing ice pop on a hot day, bringing inspiration to the latest Forever stamp from the USPS. ... read more
    BusinessMay 21, 2018
  • Second sex probe confirmed, chef Mario Batali said no comeback planned
    George Rose/Getty Images(NEW YORK) -- Disgraced chef Mario Batali is being investigated by the New York Police Department for two separate instances of sexual assault allegations, one of which was reported in a “60 Minutes” segment on Sunday.The second allegation was brought to the NYPD late last year, police sources ... read more
    BusinessMay 21, 2018
  • Supreme Court rules employers can block class action lawsuits in win for businesses
    iStock/Thinkstock(WASHINGTON) -- The Supreme Court ruled Monday that businesses can force employees to resolve disputes outside the court system, blocking potential class-action lawsuits in a victory for business interests.The case challenged provisions in employee contracts called arbitration agreements in which employees agree that if there is a dispute between them ... read more
    BusinessMay 21, 2018
  • A woman in the driver’s seat: Aston Martin’s 1st female president has a message for young girls
    Robert Hradil/Getty Images(NEW YORK) -- Aston Martin’s Laura Schwab has a lot to talk about these days: the British luxury carmaker’s Second Century Plan. The company's return to Formula One racing. Her 1-year-old daughter, Marie.Schwab, head of Aston Martin the Americas, is the company's first female president in its 105-year ... read more
    BusinessMay 21, 2018
  • Trump ‘may feel that there’s some unfairness going on’ with Amazon, says top White House economic adviser
    Amazon.com(WASHINGTON) -- President Trump’s top economic adviser said Trump 'may feel that there's some unfairness going on' in regard to Amazon but said he couldn't comment in detail on the president's concerns about the giant online retailer because he hasn't been deeply involved in those discussions.Larry Kudlow, director of the ... read more
    BusinessMay 20, 2018
  • Airline passenger punches deaf pregnant woman, service dog
    iStock/Thinkstock(ORLANDO) -- The FBI is determining whether to press charges after a man allegedly punched a pregnant deaf woman and her service dog on a Frontier Airlines plane in Orlando on Thursday.As the flight from Colorado was descending for landing at Orlando International Airport, Timothy and Petrini Manley took issue ... read more
    BusinessMay 19, 2018
  • Poor day for banking stocks drags Wall Street down slightly
    JaysonPhotography/iStock/Thinkstock(NEW YORK) -- A mixed finish on Wall Street Friday as banking stocks fell enough to negate gains in other fields.The Dow Jones Industrial Average gained 1.11 points to close at 24,715.09.The Nasdaq dipped 28.13 from its open, finishing the day at 7,354.34, while the S&P 500 dropped 7.16 to ... read more
    BusinessMay 18, 2018