Category Archives: Business News – ABC Audio
A car made from recycled plastic? This could be the future
Norm Betts/Bloomberg via Getty Images(NEW YORK) -- What comes around goes around: Your discarded plastic water bottle may soon become part of your next car. Automakers are racing to make their vehicle...
Dec 22, 2021
Port of Los Angeles port set to break cargo record in 2021
iStock(LOS ANGELES) -- The Port of Los Angeles predicts it will break a new cargo record in 2021. The port said it would process about 10.7 million Twenty-Foot Equivalent Units (TEUs) this year, a 13%...
Dec 21, 2021
World Economic Forum's annual Davos summit put on hold due to omicron
FABRICE COFFRINI/AFP via Getty Images(NEW YORK) -- The World Economic Forum announced Monday it has indefinitely postponed its upcoming summit in the Swiss resort town of Davos due to uncertainty caus...
Dec 21, 2021
P&G recalls products from Pantene, Herbal Essences, Old Spice and more
FDA.gov(NEW YORK) -- Proctor & Gamble has issued a recall for dozens of its products. P&G announced it is discontinuing a wide range of aerosol dry shampoos and conditioners from some of the c...
Dec 21, 2021
Here's how to avoid gift card scams this holiday season
ricardoinfante/Getty Images(NEW YORK) -- With holiday shopping in full swing, the Federal Trade Commission is warning consumers about gift card scams. The FTC said consumers are set to spend $28 billi...
Dec 21, 2021
Striking Kellogg's workers to vote on tentative deal as lawmakers double down support for unions
Jenifer Veloso/Bloomberg/Getty Images(NEW YORK) -- The Kellogg Co. said it's reached a tentative agreement that could end the ongoing strike of some 1,400 workers, as lawmakers and even President Joe ...
Dec 17, 2021
Jury to begin deliberations in Theranos founder Elizabeth Holmes' trial
Justin Sullivan/Getty Images(SAN JOSE, Calif.) -- A jury of eight men and four women has begun to deliberate Monday in the criminal fraud case against fallen Silicon Valley CEO Elizabeth Holmes. The j...
Dec 17, 2021
Lawmakers propose bipartisan committee on supply chain issues
Mario Tama/Getty Images(WASHINGTON) -- Not far from the San Pedro Bay Port Complex in Orange County, which sees 40% of the nation's imports, Rep. Young Kim, R-Calif., has been witnessing supply chain ...
Dec 16, 2021
Fed to more rapidly end pandemic-era policies amid inflation, sees 3 rate hikes in 2022
Al Drago/Bloomberg via Getty Images(WASHINGTON) -- Federal Reserve officials announced Wednesday that they intend to more rapidly end pandemic-era monetary policies meant to support the economy as sur...
Dec 15, 2021
Kroger ends COVID sick pay benefits for unvaccinated employees
Scott Olson/Getty Images(NEW YORK) -- Kroger, one of the largest employers in the U.S. with 500,000 workers, announced that it will pull paid emergency COVID leave for unvaccinated employees. The groc...
Dec 15, 2021
