Business News

  • Samsung delays launch of $2,000 folding phone after problems with review units
    holgs/iStock(NEW YORK) -- Samsung is delaying the rollout of its $2,000 foldable phones after several tech reviewers reported that their review units became damaged within a day or two of using them.The Galaxy Fold, which was originally slated to start shipping to consumers on April 26. A new ship date ... read more
    BusinessApril 23, 2019
  • With FAA certification, Google’s drone company set to start deliveries in Virginia
    Interim Archives/Getty Images(BLACKSBURG, Va.) -- With the Federal Aviation Administration's historic certification, Wing Aviation’s drone deliveries are set to arrive in Virginia. U.S. Department of Transportation Secretary Elaine Chao announced Tuesday that the FAA awarded air carrier certification to Google’s Wing Aviation, the first drone delivery company to be awarded ... read more
    BusinessApril 23, 2019
  • Kohl’s to expand its Amazon returns program this summer
    SweetBabeeJay/iStock(MENOMONEE FALLS, Wisc.) -- Affordable fashion retailer Kohl's has announced that it is expanding its Amazon returns program this summer.All 1,150 Kohl's locations will accept opened packages starting in July for free, Kohl's said in a statement. Eligible items will not need a box or label to be returned.The partnership ... read more
    BusinessApril 23, 2019
  • Oscar Munoz, CEO of United Airlines, on the changing industry and customer expectations
    Niall_Majury/iStock(WASHINGTON) -- United Airlines CEO Oscar Munoz thinks airlines are reaching a breaking point with shrinking seat sizes."I think we are nearing a point certainly that we can't do that anymore," he told ABC News' Senior Transportation Correspondent David Kerley.Munoz acknowledged having to stay competitive with peers and match many ... read more
    BusinessApril 23, 2019
  • Samsung delays release of Galaxy Fold over display issues
    Justin Sullivan/Getty Images(NEW YORK) -- The company announced it would be delaying the rollout of the Galaxy Fold after initial reviews highlighted flaws in display screens."Initial findings from the inspection of reported issues on the display showed that they could be associated with impact on the top and bottom exposed ... read more
    BusinessApril 23, 2019
  • Purdue Pharma tries to ‘cry poverty’ in lawsuit over opioid epidemic, Connecticut attorney general says
    Moussa81/iStock(NEW YORK) -- The embattled maker of OxyContin is attempting to "cry poverty" to avoid accountability for the company’s role in the nation’s opioid epidemic, Connecticut Attorney General William Tong said Monday, as the state expanded its lawsuit against Purdue Pharma.Tong filed an amended lawsuit that alleged hundreds of millions ... read more
    BusinessApril 22, 2019
  • Social Security is running out of money, with benefits on track to be reduced by 2035
    BackyardProduction/iStock(WASHINGTON) -- The nation’s Social Security program is running out of money with benefits on track to be reduced by around 2035 unless Congress steps in, according to a report released Monday by the Trump administration.The prediction is somewhat better than last year’s annual assessment delivered to Congress, when the ... read more
    BusinessApril 22, 2019
  • How to practice food sustainability and cut waste on Earth Day
    James Beard Foundation(NEW YORK) -- Attention foodies, home cooks and eaters: Chefs have long practiced incredibly smart ways to fight food waste, and you can implement their top tips, recipes and other ways to practice a sustainable relationship with food in your own kitchen. For Earth Day ABC News' Good ... read more
    BusinessApril 22, 2019
  • Happy Earth Day: How to dress up more sustainably, now and forever
    thredUp(NEW YORK) -- We live in a world where "fast fashion" is supreme and retailers are creating clothing at the drop of a dime. But is it time to slow down?Multiple reports suggest that in addition to oil, fashion is the next largest industry to pollute the world. However, that ... read more
    BusinessApril 22, 2019
  • Tennessee couple hopes to raise money for an adoption by organizing Easter egg hunts for community
    Courtesy Josh and Blakeley Drake(MANCHESTER, Tenn.) -- A couple hoping for a second child are playing Easter Bunny this year to fundraise an adoption.Josh and Blakeley Drake of Manchester, Tennessee, are offering to plant Easter eggs in the backyards of local families. In return, they're accepting donations from people in ... read more
    BusinessApril 21, 2019