Category Archives: Business News – ABC Audio
Food donations to help feed families this Thanksgiving
miodrag ignjatovic/Getty Images(NEW YORK) -- As Americans get ready for the holiday season, millions will turn to food donations and assistance from organizations to help get meals on the table. Over ...
Nov 22, 2022
Biggest rail union rejects contract, raising possibility of nationwide strike
EschCollection/Getty Images(NEW YORK) -- The nation’s largest rail union on Monday voted down a tentative contract brokered by the White House, raising the possibility of a nationwide strike nex...
Nov 21, 2022
FTX owes creditors $3.1 billion, court documents show
Leon Neal/Getty Images(NEW YORK) -- The cryptocurrency exchange FTX owes creditors $3.1 billion, according to court documents filed late Saturday night. The Bahamas-based platform filed for bankruptcy...
Nov 21, 2022
Bob Iger returns as CEO of Walt Disney Company
Jerod Harris/Getty Images for Vox Media(NEW YORK) -- Bob Iger is returning to The Walt Disney Company as its chief executive officer, effective immediately, the company announced Sunday night. "We tha...
Nov 21, 2022
Twitter employees leave after ultimatum from Elon Musk to 'commit' or resign
SAMANTHA LAUREY/AFP via Getty Images(SAN FRANCISCO) -- A number of Twitter employees appear to be on their way out after declining to accept an ultimatum from new company owner Elon Musk asking that t...
Nov 18, 2022
What to expect when buying a Christmas tree this holiday season
Susan Sheldon / EyeEm/Getty Images(NEW YORK) -- With the traditional start of Christmas tree shopping about one week away, growers and retailers are telling customers to ready themselves for higher pr...
Nov 18, 2022
Theranos founder Elizabeth Holmes to be sentenced following conviction for fraud
Justin Sullivan/Getty Images(SAN JOSE, Calif.) -- Elizabeth Holmes, the founder of shuttered blood testing company Theranos, is set to be sentenced on Friday for defrauding investors. The sentencing m...
Nov 18, 2022
Tennessee AG probing Ticketmaster over botched Taylor Swift ticket rollout
Jason Marz/Getty Images(WASHINGTON) -- The Tennessee attorney general said he is looking into whether consumer protection laws were violated after Ticketmaster botched the rollout of Taylor Swift conc...
Nov 17, 2022
Taylor Swift ticket debacle renews calls to split up Ticketmaster and Live Nation
Jeff Kravitz/FilmMagic(NEW YORK) -- Ticketmaster is pulling the plug on the general-public ticket sale for Taylor Swift's "Eras" tour that was set to take place Friday, Nov. 18. The company tweeted Th...
Nov 17, 2022
New FTX CEO says he's never seen 'complete failure' of corporate controls in his career, including at Enron
Rafael Henrique/SOPA Images/LightRocket via Getty Images(NEW YORK) -- The new FTX CEO brought into shepherd the company through bankruptcy proceedings said he has never seen such a "complete failure" ...
Nov 17, 2022
