Category Archives: Business News – ABC Audio
Theranos founder Elizabeth Holmes reports to prison for defrauding investors
WIN-Initiative/Neleman/Getty Images(BRYAN, Texas) -- Disgraced Theranos founder Elizabeth Holmes reported to a Texas prison on Tuesday to begin a more than 11-year sentence for defrauding investors wi...
May 30, 2023
Memorial Day deals: Shop the best sales
discan/Getty Images(NEW YORK) -- Memorial Day is here and that means there are plenty of deals and sales to shop across multiple retailers. ABC News’ Becky Worley appeared on Good Morning Americ...
May 29, 2023
State Farm will no longer accept applications for homeowners insurance in California, citing wildfire risk
Google Maps Street View(LOS ANGELES) -- One of the largest insurance agencies in the country will no longer accept applications for home and business insurance in California due to wildfire risks...
May 28, 2023
Mercedes-Benz's message for Tesla: 'We want to be most desirable electric vehicle luxury brand'
Joan Cros/NurPhoto via Getty Images(NEW YORK) -- German automaker Mercedes-Benz has seen its share of the U.S. luxury market slip as customers traded in their V8 sedans and sport utility vehicles...
May 28, 2023
'I would have nothing': Low-income older people fear debt default that stops Social Security
VioletaStoimenova/Getty Images(NEW YORK) -- The threat to Social Security payments posed by a debt ceiling impasse keeps Linda Stanberry, 76, dwelling on her worst fear: the loss of the home she has l...
May 26, 2023
Memorial Day weekend begins with highest number of travelers at US airports since 2019
JazzIRT/Getty Images(NEW YORK) -- With Memorial Day weekend travel underway, U.S. airports recorded the highest number of passengers on Thursday since before the COVID-19 pandemic began. The Transport...
May 26, 2023
MoviePass relaunches with new tiered subscriptions ahead of blockbuster summer
Andrew Harrer/Bloomberg via Getty Images(NEW YORK) -- Ahead of the slate of blockbuster films hitting theaters this summer, MoviePass is back with a new plan that could help moviegoers save money at t...
May 25, 2023
'The biggest losers': Bud Light boycott hammers hundreds of independent distributors
Robert Alexander/Getty Images(NEW YORK) -- Truck drivers delivering Bud Light have received the middle finger from passersby, distributors have faced intentional collisions from shopping carts as they...
May 25, 2023
FTC investigating Abbott and baby formula makers for possible collusion
Kena Betancur/VIEWpress/Getty Images(WASHINGTON) -- The Federal Trade Commission is investigating infant formula makers, including Abbott Laboratories, to determine whether the companies colluded...
May 24, 2023
AM or not AM? Carmakers mull the future of radio
IronHeart/Getty Images(NEW YORK) -- Some car companies like Tesla are doing away with AM radio functions due to their possible interference with new electric engines. Ford recently was put on the...
May 24, 2023
