banner banner
Infinite Menus, Copyright 2006, OpenCube Inc. All Rights Reserved.
South Jersey's News Talk Leader!
Radio You Can Depend On!
ABC Business

Subscribe To This Feed

Joe Raedle/Getty Images(NEW YORK) -- Weeks after filing for Chapter 11 bankruptcy protection, Sports Authority is reportedly dropping its attempts to reorganize and will instead look to sell off its assets.

The company is carrying more than a billion dollars in debt and unless a buyer comes in who wants to keep locations open, Forbes reports it's likely that all of Sports Authority's 450 stores nationwide will shut down.

The company is expected to auction off its assets on May 16.

Copyright © 2016, ABC Radio. All rights reserved.



Subscribe To This Feed

iStock/Thinkstock(LONDON) -- An Australian entrepreneur has stepped forward as the creator of Bitcoin.

Craig Wright, who says he's gone by the pseudonym Satoshi Nakamoto, publicly identified himself to the BBC, the Economist and GQ.

"I was the main part of it, other people helped me," Wright tells the BBC.

In a blog post Monday, he reportedly offered proof that shows he is Satoshi, who has been longed believed to be the creator of the digital currency.

Wright says he would "prefer to be secret now. I don't think I should have to be out there." But, he says, he felt pressured into revealing his identity.

"I didn't decide. I had people decide this matter for me and they're making life difficult not for me, but my friends, my family, my staff," Wright tells the BBC.

As for what he wants: "I don't want money, I don't want fame, I don't want adoration, I just want to be left alone."

Copyright © 2016, ABC Radio. All rights reserved.



Subscribe To This Feed

Barbie(NEW YORK) — Prima ballerina Misty Copeland is being honored with a Barbie doll in her likeness, the doll's maker announced on Monday.

Copeland, 33, made history last year when she became the first African-American woman to be named principal dancer at the world-renowned American Ballet Theatre.

She appeared on Good Morning America on Monday to unveil the doll.

The fashions for the doll were inspired by her Firebird costume from her first ABT principal role, which she’ll reprise on May 18 and 19 as part of ABT's annual spring season at the Metropolitan Opera House. Copeland was intimately involved in the doll's design and partnered with Barbie on all the details, according to Mattel, Inc., the maker of Barbie.

"I always dreamed of becoming an ABT ballerina and through Barbie I was able to play out those dreams early on," Copeland said in a press release. "It's an honor to be able to inspire the next generation of kids with my very own Barbie doll."

Lisa McKnight, general manager and senior vice president of Barbie, said in the release that Copeland was "at the center of a cultural conversation around how women continue to break boundaries," adding: "As a brand, we want to honor women, like Misty, who are inspiring the next generation of girls to live out their dreams. We know role play often leads to real 'play' in life and we're thrilled to celebrate Misty with her very own doll."

The doll is part of the Barbie Sheroes program, which honors women who inspire girls by breaking boundaries and expanding possibilities for a diverse group of women. Previous Sheroes include movie director Ava DuVernay, actresses Emmy Rossum and Zendaya, and singer Trisha Yearwood.

Mattel has been expanding the kinds of dolls in its collections by including dolls of varying body types and skin tones, and with diverse hairstyles and outfits.

The Misty Copeland doll is now available for purchase online and will roll out to retailers nationwide, according to Mattel.

Copyright © 2016, ABC Radio. All rights reserved.



Subscribe To This Feed

Starbucks(CHICAGO) — A new federal lawsuit against Starbucks claims the company is deceiving its customers when it comes to their iced beverages.

Chicago resident Stacy Pincus filed the proposed class action suit on Wednesday in Illinois, according to court documents.

The suit alleges the brand "unlawfully underfills iced coffee, iced tea, and iced-blended specialty drinks crafted by Starbucks employees." The lawsuit alleges the drinks are underfilled "compared to how they are advertised, misleading and injuring consumers in the process.”

The lawsuit claims a Starbucks customer ordering a "cold drink" receives "much less than advertised, often nearly half as many fluid ounces."

"Over time, Starbucks customers have experienced rapidly rising prices, while in the process, Starbucks has bought out and taken over numerous smaller competitors," according to court documents.

Steven A. Hart, an attorney for Pincus, told ABC News that his client simply wants Starbucks to “stop this practice” and to “stop deceiving their customers."

The lawsuit is asking the mega-coffee chain to pay upwards of $5 million to customers who have purchased an iced beverage in the last 10 years.

Starbucks spokesperson Jaime Riley issued a statement to ABC News in response to the lawsuit.

"We are aware of the plaintiff’s claims, which we fully believe to be without merit," Riley said. "Our customers understand and expect that ice is an essential component of any 'iced' beverage. If a customer is not satisfied with their beverage preparation, we will gladly remake it.”


ABC Breaking News | Latest News Videos

Copyright © 2016, ABC Radio. All rights reserved.



Subscribe To This Feed

iStock/Thinkstock(MIAMI) -- Carnival Cruise Line's Adonia made history Sunday, as the U.S. and Cuba continue to normalize relations.

The 704-passenger cruise ship set sail for Havana from Miami, Florida, becoming the first cruise ship to sail to Cuba in more than 50 years.

But it didn't happen without a lot of work from Carnival's Fathom Brand.

Over a week ago, Carnival and the Cuban government reached an agreement to allow Cuban-born U.S. citizens to sail to and from Cuba. Tara Russell, president of Carnival's Fathom Brand, said it took plenty of political maneuvering to change the policies.

"We feel really proud that we've been able to drive and lead those conversations," she said.

Fathom now begins seven-day voyages to three ports of call in Cuba: Havana, Cienfuegos and Santiago de Cuba, with a cruise being chartered every other week. Russell said Carnival's mission fits in line with the type of travel Cuba currently allows.

"Fathom is about really rich travel combining social impact with cultural immersion," she said.

So, what's next for Carnival and Cuba?

"We plan to be involved in Cuba for many years to come," Russell said Sunday.

Copyright © 2016, ABC Radio. All rights reserved.



Subscribe To This Feed

iStock/Thinkstock(PROVIDENCE, R.I.) -- Sunday evening's Providence, R.I. show marked the end of an era as it was the final time elephants appeared in the show.

The event was streamed out to fans via Facebook.

Last March, the company said it was retiring its herd of elephants in 2018, but Stephen Payne, of Feld Entertainment, the company that owns the circus said in January that the date had been moved up to May 2016.

The early retirement comes on the heels of legislation that makes it harder for the company to travel with the elephants. Many cities, such as Asheville, North Carolina, have recently passed laws meant to protect elephants or remove exotic animals, including elephants, from city-owned facilities.

“Animal rights groups are going to say what animal rights groups are going to say,” Payne said.

Despite the criticism the circus has received in the past, Payne says the elephants are treated humanely when they retire. The 11 elephants will retire to the company’s 200-acre Center for Elephant Conservation, located in central Florida.

There, the elephants will “enjoy time in the sun and mingle with their friends,” Payne said. They will also take part in medical research, such as why cancer is much less common in elephants than it is in humans.

“Our company and our family’s commitment to save the majestic Asian elephant will continue through our breeding program, research and conservation efforts at the Center,” said Alana Feld, executive vice president of Feld Entertainment.

Copyright © 2016, ABC Radio. All rights reserved.



Subscribe To This Feed

iStock/Thinkstock(NEW YORK) -- As the weather starts to warm up, many of us are itching to strip off those winter layers and take a dip in the water. While any pool would likely put a smile on your face at this point, there are some spots worth a trip (and a long flight) to lounge poolside.

This spring, it's not just about updated amenities like underwater sound systems and in-pool bartenders (which we're seeing more and more of), but also the jaw-dropping views that make hotel pools truly spectacular. Some prefer taking a swim amid a jungle or soaring mountains, while others have their sights set on views of cityscapes or an endless ocean.

Whatever your pleasure, there's certainly a pool to suit your favorite view. Here are nine amazing ones around the world.

1. Banyan Tree Seychelles

Even though every one of the resort's 60 villas has a private pool with bay views, the main pool at the resort is otherworldly. Palm trees sway above the dark-blue infinity pool and guests get uninterrupted views of Intendance Bay below. The atmosphere is so relaxing -- and blends in so well with the natural surroundings -- you may think you’re actually floating in the sea below.

2. El Mangroove, Autograph Collection; Costa Rica

Flanked by private cabanas and lounge chairs, this 130-foot-long fresh-water, black-tiled pool directly faces the Pacific Ocean -- making for an incredible lounging spot. It's a “see and be seen" gathering locale where guests can listen to the beats of the resident DJ as well as international DJs. There’s also an indoor-outdoor restaurant that serves playful dishes in an "oceanfront sandbox" setting.

3. Sandos Cancun Luxury Resort

What’s better than an infinity pool? A three-tiered infinity edge pool with a convertible “island” for live musical performances -- that's what. Each tier is a different temperature and the deck is surrounded by gorgeous Balinese lounging beds. In addition to enjoying the stunning stretch of Caribbean Sea in view, guests never have to leave the comfort of the pool because the resort offers in-pool bar service. No, not a swim-up bar; the bartenders actually come into the water to take and serve your order.

4. Los Suenos Marriott Ocean & Golf Resort, Costa Rica

Nestled between the Pacific Ocean and a 1,100-acre tropical rainforest, this ocean-side pool boasts views not only of Herradura Bay’s sandy landscapes, but also its golf course that’s comprised of five rainforest microclimates -- complete with sloths and lush plant life. There's nothing like taking in a little nature from the comfort of a luxurious pool area.

5. W Retreat & Spa, Vieques Island; Puerto Rico

This hotel pool is about the the sights and the sounds. Privately nestled off the coast of Puerto Rico, this retreat has an infinity pool featuring an underwater sound system that streams a custom mix directly through the water. Overlooking the Atlantic Ocean, the two levels are separated by an island of palm trees and offer views of the sea, along with Puerto Rico and Culebra Island on the horizon.

6. Westin La Paloma Resort & Spa, Tucson

Situated amidst the High Sonoran foothills of the Santa Catalina Mountains, here guests can take advantage of not one, not two, but five pool oases. There’s a lap pool, adult pool, children’s pool, and two main pools -- all of which are treated to breathtaking views of the sun-kissed peaks. A day spent poolside at this Westin could easily make you a fan of the mountains.

7. The Standard, Downtown LA

You don’t have to be on a beach to enjoy incredible views from a pool. This downtown L.A. hotel took advantage of its endless rooftop views and perfectly placed a pool there so you can lounge and swim hundreds of feet in the air. You’ll feel as if you’re floating among the skyscrapers while simply floating in the water.

8. Las Casitas Village, A Waldorf Astoria Resort; Puerto Rico

Hello paradise! There's no better place to get a panoramic experience than from a 300-foot cliff overlooking the converging waters of the Caribbean Sea and Atlantic Ocean. The views from this pool are endless and guests can even see the resort's 100-acre private island, Palomino Island, in the distance. Take it all in while enjoying the bonus of 24-hour butler service.

9. Ayung Resort Ubud, Bali

Who needs the beach when you have the jungle? You’ll feel as if you’re swimming in the treetops at this hidden hotel pool as it’s surrounded by the lush green landscape. In fact, the animals might outnumber the guests making the intimate setting perfect for that feeling of a true hideaway. If you need more privacy, certain villas come with their own private plunge pools that offer the same stunning views.

Copyright © 2016, ABC Radio. All rights reserved.



Subscribe To This Feed

LIONEL BONAVENTURE/AFP/Getty Images)(ATLANTA) -- A social media app is now the center of a lawsuit after a teen driver's car crash left another driver with severe injuries.

Christal McGee is accused of trying to capture her alleged 100 mile-per-hour speed for a Snapchat post while gunning her father's Mercedes C230 in Atlanta last December. McGee, who was 18 at the time, crashed into another driver, Wentworth Maynard, whose lawyers say suffered permanent brain damage because of the incident.

Maynard's lawyers are not only suing McGee for negligence, they are also suing Snapchat for allegedly encouraging McGee to drive at high speed.

In a statement to ABC News, Snapchat said, "We actively discourage our community from using the speed filter while driving, including by displaying a 'Do NOT Snap and Drive' warning message in the app itself."

After the crash, McGee snapped a photo taken in an ambulance after she crashed where she's seen in a head brace with the caption, "Lucky to be alive."

According to ABC News affiliate WSB-TV, two passengers in McGee's car say she was on the app before the crash. Heather McCarty told WSB-TV, "She said, ''Well I'm just gonna hit 100, and then I'm gonna slow down.'"

A third passenger claims McGee was not on Snapchat.

Since the crash, Snapchat has added a warning on its filter telling users not to speed. It appears the first time the user uses the app, and then every time they go at least 15 miles per hour.

Copyright © 2016, ABC Radio. All rights reserved.



Subscribe To This Feed

David Fazekas/ABC News(SHORELINE, Wash.) -- For over 40 years, some of music’s most iconic figures have stepped into Robert Lang’s one-of-a-kind subterranean recording studio, seeking its unique acoustics for their music.

“This is the place where Kurt Cobain and Nirvana did their last recording,” Lang said. “Then, of course, the Foo Fighters, Peter Frampton, Heart and Soundgarden. I recorded some great stuff here.”

Robert Lang Studios is nestled deep inside a hillside in Shoreline, Washington, just 15 minutes north of Seattle. Lang bought the little cottage house, with a small double-cement garage on the hill, with the purpose of opening a recording studio.

“We're built on about 8,500-square feet here, it's basically 10-feet below the backyard ground,” Lang said. “I've done a lot of this in here myself. Never had plans for anything down here. I just started digging, going to the property lines as much as I could get. At first I was doing all the excavation with a conveyor belt, with my great friends that believed in my vision here. I would...trade their labor time for studio time. It was musicians that were helping me with a shovel. It's just something here that makes the chemistry right. This room sounds amazing for what it does.”

Robert Lang Studios opened for business in 1974, recording the local high school’s jazz band, which featured a young prodigy on saxophone.

“I started recording Franklin High School jazz lab, which was very well known for a fellow by the name of Kenny Gorelick, who is Kenny G,” Lang said. “We were recording him when he was 15 years old with the jazz lab. I did a lot of funk bands and some blues bands from south Seattle. I had a really super good knack for engineering and working with a lot of people here.”

As Seattle’s music scene began growing in the 1990s, so did business for Lang, as bands like Soundgarden and Nirvana heard about Lang’s unique underground setup.

David Fazekas/ABC News

“I got a call from Soundgarden. They came in, looked at the room, and were just basically, ‘God, we'd love to record 'Super Unknown' here doing our drum tracks,’” Lang said. “Quickly after that, I had Dave Grohl and Krist Novoselic in here wanting to use my room for the last Nirvana song. Then from there it just started snowballing.”

Business today is not quite as robust as it was back in the ‘90s. Record labels, hit hard by the struggling music industry, are not spending the big bucks for a recording studio like they used to in previous years.

“Everybody now can make records in their homes, their basements, their closets,” Lang said. “A studio like this suffers a little bit because the big budget for the studios aren't the way they were back in the early 90s, mid 90s, late 90s. I was in a foreclosure here a few years back.”

Lang has slowly transitioned his recording studio into an academy where aspiring recording engineers can go and learn.

“We've branched from the recording into education which is now paying the bills,” Lang said. “It's the history of this studio that really enlightens the young adults to want to come here and want to take my education program. In 10, 20 years, I see this being more of an academy, an education academy.”

Copyright © 2016, ABC Radio. All rights reserved.



Subscribe To This Feed

ABC News(WICHITA, Kan.) -- Charles and David Koch are among the richest men in the world, amassing a multi-billion dollar empire and running the largest privately held company in America while largely staying out of the public eye.

When ABC News met Charles Koch at his company's headquarters in Wichita, Kansas, last week, he opened up to offer a rare glimpse into his personal story and the values that have informed his business career and political activities.

Koch, the author of the book "Good Profit," talked through a framed letter in his office left for him by his father, which outlined the approach he and his brothers should take when managing the family fortune left to them.

Koch reflected on how the letter has guided him in his business, and in a rare admission, Koch admitted his father would be "horrified" at the resulting feud that split most of his siblings apart.

Watch the ABC News digital original video above to hear Koch's story in his own words.

Copyright © 2016, ABC Radio. All rights reserved.



Subscribe To This Feed

Sophie Mumper(DECATUR, Ga.) -- A Georgia high school student is making it easier for moms in her local community to breastfeed.

As part of her senior project at Decatur High School, Sophie Mumper is encouraging local restaurants and businesses in Decatur, Georgia to post signs that read: "Breastfeeding Welcome Here." She hopes the effort will help moms ease their fears of being humiliated or stigmatized while breastfeeding.

Mumper, 17, told ABC News the idea came when she was traveling with her mother in Portugal.

"I saw women able to breastfeed without the same stigma that we see in the south. It didn't seem fair that women were being treated with shame for trying to sustain their child the best way possible," she said. "In Georgia, while it's legal to breastfeed, there are no enforcement provisions. So if a restaurant says, 'You have to leave.' Then there's no repercussions."

"These stickers go the extra mile to say this is a safe environment," she added.

Recently, mother of two Stephanie Rhodus was kicked out of a Henderson County, North Carolina, courtroom for breastfeeding her 8-month-old boy, Archer, during a child custody hearing -- although it's legal to breastfeed in public in North Carolina.

Still, breastfeeding laws vary across state lines. According to the National Conference of State Legislatures, 49 states including Washington, D.C. and the Virgin Islands allow mothers to breastfeed in public.

Last month, Mumper reached out to the Georgia Breastfeeding Coalition, an advocacy group for families in the state. They gave her the breastfeeding signs to post. She then drafted emails to businesses in her local community to tell them more about her initiative.

"At first I didn't get a lot of responses, which is pretty discouraging," Mumper admitted. But, a month later, Mumper said she now has 13 businesses in Decatur who have agreed to post the signs "and the number is still growing," she added.

Revolution Donuts is one of the businesses who signed onto Mumper's project.

"We live in a community that is very family oriented," owner Maria Moore Riggs told ABC News. "So a big portion of our clientele are young moms out with their babies for the first time and I just wanted them to feel comfortable that they wouldn't be shamed out of the business."

"I have a son that I breastfed and I know the feeling of being out in public and feeling self conscious and not knowing how people are going to react to your feeding your child," she added, noting that she's received a warm response from customers who have seen the sign.

Sumper said she's received messages from many local moms, some tearful, thanking her for her efforts.

The senior plans to attend the Fashion Institute of Technology in New York City this fall, but says she will continue her project even after she graduates from high school.

Copyright © 2016, ABC Radio. All rights reserved.



Subscribe To This Feed

iStock/Thinkstock(NEW YORK) -- Losses in the tech sector, despite positive earnings from Facebook and Amazon.com, pushed U.S. stocks to close the week off in the red.

The Dow dropped 56.57 (0.32 percent) to close at 17,774.19.

The tech-heavy Nasdaq pushed down 29.93 (0.62 percent) to finish at 4,775.36, logging 2 percent losses for the month. The S&P fell 10.51(0.51 percent) to close at 2,065.30.

Crude oil closed flat with prices remaining around $46 a barrel.

Tech Earnings: A tech sell-off continued Friday, led by disappointing earnings from Apple and Microsoft this week. Not even Facebook and Amazon.com's quarter one reports that defeated investors' estimates could save the tech sector from having its worst weekly loss since February.

Facebook and Amazon boasted stronger-than-expected growth and profits this week with Amazon doubling investors' net income estimates of 58 cents per share, by posting $1.07 for the quarter. Both stocks finished in the green on Friday with Amazon soaring nearly 10 percent at the close.

Apple: Apple continued its slide after billionaire investor Carl Icahn said Thursday he had sold his entire stake in the company because of worries about China sales. In its fiscal second quarter report, Apple said sales sunk 26 percent in China as the iPhone 6s failed to achieve the success of the iPhone 6 and iPhone 6 Plus. In an interview with CNBC, Icahn said he "no longer [had] a position in Apple" because of China's attitude toward the company.

"You worry a little bit — and maybe more than a little — about China's attitude," Icahn told CNBC, saying China's government could "come in and make it very difficult for Apple to sell there."

According to FactSet, Icahn's investment firm owned 45.8 million Apple shares at the end of December.

Copyright © 2016, ABC Radio. All rights reserved.



Subscribe To This Feed

Angela Weiss/Getty Images for Vans(NEW YORK) -- Damn, Daniel.

The viral video "Damn, Daniel" from earlier this year helped boost white Vans sales in the first-quarter as the brand celebrated its 50th anniversary.

In the video, we see different candid shots of "Daniel" wearing Vans shoes, particularly a pair of white vans which the narrator takes note of: "Damn, Daniel. Back at it again with the white Vans."

In an earnings call Friday for Vans parent company VF Corp., Chief Operating Officer Steven Rendle said according to MarketWatch that white Vans sales “saw 100 percent sell-through in retail, direct-to-consumer and wholesale channels.”

“The national media attention the brand received is a wild demonstration of how creative expression, youth culture and loyalty can conspire to cause a phenomenon,” he said.

Although Vans total revenue was down 1 percent in quarter one, there was a mid-single digit percentage increase in the Americas.

The two California teens who created the video, Josh Holz and Daniel Lara, were featured on The Ellen DeGeneres Show where they received a lifetime supply of Vans sneakers.

 

Damn Daniel pic.twitter.com/Va10hmpePO

— Joshua Holz (@Josholzz) February 16, 2016

 

Copyright © 2016, ABC Radio. All rights reserved.



Subscribe To This Feed

Family Handouts/U.S. Coast Guard (WEST PALM BEACH, Fla.) -- Apple will analyze the recovered iPhone that may hold the key to what happened last summer when two Florida teens disappeared on a boating trip, according to an agreement reached by the teens' parents in court Friday.

The recovered iPhone belonged to 14-year-old Austin Stephanos, who went missing while on a boat trip with Perry Cohen, also 14, in July. The Coast Guard led an eight-day search in the Atlantic, covering 50,000 nautical miles. The boys' bodies were never found.

But Austin's iPhone was on board when the boys' boat was recovered last month about 100 miles off the coast of Bermuda.

The Florida Fish and Wildlife Conversation Commission gave the recovered iPhone to Austin’s father, Blu Stephanos, but Perry's mother, Pam Cohen, took the issue to court, fighting to hand the phone over to experts.

At Friday's emergency hearing, an attorney for the Stephanos family said, "Apple has already agreed to take in the phone" and analyze it for answers.

The phone will be sent to Apple to be analyzed and all evidence will be sealed and sent back to court, according to the agreement reached this afternoon. Apple declined to comment.

Cohen called for today's emergency hearing after filing a civil lawsuit, demanding to know why Florida Fish and Wildlife officers gave the phone to Austin's father instead of experts, according to ABC News affiliate WPBF-TV.

An injunction signed by Cohen Sunday said: "the Plaintiff believes the information on Austin’s iPhone must be collected by technology experts who have the expertise required to extract such data without unnecessary risks of losing such information inadvertently or due to inexperience in such highly technical matters."

Cohen's lawyer said at the hearing Friday that "a mother has the legal right ... to exhaust all legal possibilities," and that Cohen is entitled to information about what happened on the boat.

Stephanos' attorney stressed Friday that his client was "going to take every means necessary to have that phone forensically analyzed."

Copyright © 2016, ABC Radio. All rights reserved.



Subscribe To This Feed

Rolls-Royce(NEW YORK) -- Rolls-Royce owners now have the luxury of matching their luggage with their vehicle.

The automaker has unveiled the Wraith Luggage Collection, a nearly $46,000 luggage set meant to "complement" the Rolls-Royce Wraith.

"As the world leader in the art of true luxury conveyance, Rolls-Royce Motor Cars has extended its expertise to design a suite of elegant luggage to complement Wraith, the most powerful Rolls-Royce ever created," the automaker said in a statement.

The six-piece collection, designed by Rolls-Royce Bespoke Design Studio, includes a "Garment Carrier," two "Grand Tourer" valises, and three "Long Weekender" bags.

According to Rolls-Royce, experts "accustomed to handling discerning individuals’ luggage" were brought in to assist the design team.

"The design team conversed with Head Butlers from some of the world’s most illustrious hotels, who offered insight into the interaction between guests and their belongings," Rolls-Royce said. "Luggage is not only seen as an expression of style, but also as a wardrobe from home, increasingly important as entrepreneurs and captains of industry adopt a more transient lifestyle."

Buyers can choose between a mono or two-tone leather finish, hand-stitched "using the same colour thread as featured in the owner's motor car and lined with a monogrammed lining discreetly featuring the Rolls-Royce emblem."

The Wraith Luggage Collection can be yours for $45,854, but if you're not in love with the set, you can purchase pieces separately.

Copyright © 2016, ABC Radio. All rights reserved.



LinkedUpRadio Envisionwise Web Services