Category Archives: Business News – ABC Audio
FTX crypto CEO Sam Bankman-Fried pleads not guilty in Manhattan federal court
ABC News(NEW YORK) -- Disgraced crypto executive Sam Bankman-Fried pleaded not guilty to federal criminal charges in Manhattan on Tuesday and was tentatively scheduled to stand trial Oct. 2. Bankman-F...
Jan 03, 2023
Apple's value plunged nearly $1 trillion in 2022. Here's what that says about the economy
Gary Hershorn/Getty Images(NEW YORK) -- Apple marked a grim milestone this week, falling about $1 trillion below a peak reached in 2022. The company's shares rallied in recent days, but the massi...
Dec 31, 2022
Grubhub to pay $3.5M settlement for deceptive practices, hidden fees
Witthaya Prasongsin/Getty Images(WASHINGTON) -- Grubhub has been ordered to pay a $3.5 million settlement after the District of Columbia filed a lawsuit over the food delivery service's alleged decept...
Dec 30, 2022
Southwest CEO apologizes to customers, employees: 'There will be a lot of lessons learned'
ABC News(NEW YORK) -- After more than 15,000 flights were canceled over the Christmas holiday, leaving thousands of travelers in a lurch, Southwest Airlines says it's finally catching up. The airline ...
Dec 30, 2022
Who could Elon Musk choose as the next Twitter CEO?
David Paul Morris/Bloomberg via Getty Images(NEW YORK) -- Elon Musk earlier this month pledged to step down as the head of Twitter as soon as he finds someone "foolish enough to take the job." Musk's ...
Dec 30, 2022
Lawsuit alleges Apple Watch's blood oxygen sensor 'racially biased'; accuracy problems reported industry-wide
hocus-focus/Getty Images(NEW YORK) -- Apple is facing a proposed class action lawsuit alleging the Apple Watch's blood oxygen sensor is racially biased against people with dark skin tones. Experts say...
Dec 30, 2022
How to get refunds for canceled flights
E4C/Getty Images(NEW YORK) -- A massive storm has triggered widespread flight cancellations, most notably at Southwest Airlines, which has canceled more than 15,000 flights since last week, stranding ...
Dec 30, 2022
Southwest Airlines announces plan to return to ‘normal operations’ by Friday
Paul Hennessy/Anadolu Agency via Getty Images(NEW YORK) -- Southwest Airlines said it plans to return to "normal operations with minimal disruptions" Friday, after days of chaos that saw the company c...
Dec 29, 2022
Justice Department sues pharma distributor AmerisourceBergen over opioid orders
Tetra Images/Getty Images(WASHINGTON) -- One of the nation's largest wholesale distributors of prescription drugs failed hundreds of thousands of times over the last decade to report suspicious orders...
Dec 29, 2022
Shopping expert shares the ins and outs of returning unwanted holiday gifts
Ceneri/Getty Images(NEW YORK) -- 'Tis the season for returning unwanted Christmas presents, and smart shopping expert Trae Bodge of TrueTrae.com is sharing some helpful tips to help make the process a...
Dec 29, 2022
