JaysonPhotography/iStock/Thinkstock(NEW YORK) — Another mixed day on Wall Street saw the indices give back most of their early-session gains on Thursday.

The Dow Jones Industrial Average dropped 12.74 to a close of 21,397.29.

The Nasdaq climbed to 6,236.69, a gain of 2.74, while the S&P 500 dipped to 2,434.50, dropping 1.11 on the day.

Some employees at Uber have circulated a petition to bring back CEO Travis Kalanick. Kalanick resigned the position this week amid controversy, but it remains unclear exactly how unpopular he was within the company he created.

Copyright © 2017, ABC Radio. All rights reserved.

Read More →

BrianAJackson/iStock/Thinkstock(WASHINGTON) — The Federal Communications Commission on Thursday announced a $120 million fine against a Miami man accused of making more than 100 million spoofed robocalls in a three-month span.

According to the FCC, Adrian Abramovich used those spoofed calls to trick consumers into listening to his advertising messages. Approximately 80,000 spoofed calls were verified by the agency.

According to a press release from the FCC, consumers reported receiving calls that they believed to be originating from local phone numbers. Once answered, however, an automated message encouraged them to “Press 1” to hear about travel deals. Those individuals who pressed the button were transferred to foreign call centers and operators attempted to sell them vacation packages, and often timeshares.

The call centers were not affiliated with the comnpanies mentioned in the recorded message.

TripAdvisor contacted the FCC regarding the calls in 2016, following complaints from customers who believed the company was responsible for the robocalls. Medical paging provider Spok also issued a complaint to the FCC, saying that the calls disrupted its network.

Copyright © 2017, ABC Radio. All rights reserved.

Read More →

iStock/Thinkstock(NEW YORK) — George Clooney won’t have to worry about a college fund for his newborn twins.

The Oscar winner just sold his tequila business with partners Rande Gerber and Michael Meldman to British company Diageo for $1 billion, ABC News has confirmed.

“If you asked us four years ago if we had a billion-dollar company, I don’t think we would have said yes,” Clooney said in a statement. “This reflects Diageo’s belief in our company and our belief in Diageo.”

CNBC first reported on the deal, in which Diageo will pay an initial $700 million, with the potential for another $300 million over 10 years based on the tequila’s performance.

Clooney made it clear that although he and his partners sold the company, they will still be involved.

“We’re not going anywhere,” he said in his statement. “We’ll still be very much a part of Casamigos.”

The three friends started the company, which translates to “house of friends,” as a private collection of tequilas meant just for their friends and family. But in 2013, they took the company public and Gerber, the husband of supermodel Cindy Crawford, told CNBC, “It immediately took off.”

Copyright © 2017, ABC Radio. All rights reserved.

Read More →

JaysonPhotography/iStock/Thinkstock(NEW YORK) — A rough day for energy stocks pushed Wall Street lower on Wednesday.

The Dow Jones Industrial Average finished the day down 53.89, closing at 21,413.25.

The Nasdaq gained 45.92 to a finish of 6,233.95, while the S&P 500 ended the session at 2,435.78, 1.25 lower than on Tuesday.

Rig Operator Transocean saw its stock prices drop about five percent. AT&T dipped 1.3 percent.

This year’s J.D. Power annual initial quality survey saw Kia claim the top spot, boasting the best new vehicle quality for the second consecutive year. Genesis, Porsche, Ford and Ram were in the top five.

The worst ranking brands were Fiat, Jaguar, Volvo, Mitsubishi and Land Rover.

Copyright © 2017, ABC Radio. All rights reserved.

Read More →

McDonald’s(SCOTTSBURG, Ind.) — McDonald’s cashier Hunter Hostetler is on the lookout for the customer who started a 167-driver pay-it-forward chain at the Scottsburg, Indiana, McDonald’s where Hostetler has worked since October.

“I keep looking for her, hoping I see her and can tell her what happened,” Hostetler told ABC News. “I don’t know if she knows, but I hope to see her again so I can tell her.”

Hostetler, 19, was working the drive-thru on Sunday night when, at around 8:30 p.m., the mystery woman drove to the window to pick up her approximately $6 food order.

When the woman, whom Hostetler described as being in her early 60s, saw there was a man with four kids in the car behind her, she told Hostetler she’d pay for his $36 food order too.

“She paid it in full and told me to tell the dad Happy Father’s Day,” Hostetler recalled.

When Hostetler told the man that his four Happy Meals and other food were paid for, he offered to pay for the next two cars behind him.

“It just snowballed from there up until we closed,” Hostetler said.

When Hostetler closed the drive-thru at midnight, the total number of cars who had joined the pay it forward chain was up to 167.

“It was very heartwarming,” Hostetler said. “The last customer who came through even asked if there was another car and I said, ‘Ma’am I’m sorry you’re our last customer for the night. We’re closing.’”

Abby Smith, 22, said she and her boyfriend made a last-minute decision to go to McDonald’s around 11:30 p.m. on Sunday and were shocked to find themselves as car No. 161 in the chain.

“I was just shocked because of the large number,” Smith said. “I didn’t even think about it I just said, ‘Go ahead, take what the previous person put down. Go ahead and take that from us too.’”

She added, “This made me feel like it was just a big family congregation. It was such a great feeling.”

Hostetler recalled that customers like Smith paid little attention to whether or not the meal they were paying for was three or four times the cost of what they ordered for themselves. For customers who could not afford to pay the difference, Hostetler and his colleague, Jessica Wells, donated money out of their own pockets to help.

“There’s so much negativity in the world,” Hostetler said. “Something like this just doesn’t happen every day.”

Frank Ward, the owner of the Scottsburg McDonald’s, described the chain as an “act of kindness.”

“McDonald’s believes in supporting the local communities in which we operate,” Ward said in a statement to ABC News. “I was proud to experience the Scottsburg community come together in this act of kindness under the Golden Arches.”

Copyright © 2017, ABC Radio. All rights reserved.

Read More →

Photo by Stephen Lam/Getty Images(NEW YORK) — A number of tech company leaders made Glassdoor’s list of the 100 highest-rated CEOs for 2017, but one in particular saw his stock fall.

The list, released on Wednesday, uses ratings from anonymous employees to review those in charge of their own companies. The ratings are then combined with an algorithm to rank the best executives.

Clorox CEO Benno Dorer came out on top this year, receiving a rating of 99 percent. That figure was equaled by World Wide Technology’s Jim Kavanagh, Boston Scientific’s Michael Mahoney, Memorial Sloan Kettering’s Craig B. Thompson, Fast Enterprises’ Martin Rankin, and NVIDIA’s Jen-Hsun Huang.

Last year’s top executive, Bain & Company’s Bob Bechek, slipped to number seven this year, with a rating of 98%.

The biggest names on the list included SpaceX’s Elon Musk (8th) and Facebook’s Mark Zuckerberg (10th), each with a 98% approval rating.

Apple’s Tim Cook, who placed in the top 20 each of the last four years, saw his approval rating come in at 93 percent — only good enough for 53rd on Glassdoor’s list.

By comparison, Microsoft CEO Satya Nadella made his first appearance on the list, at number 29.

Still, the drop from number one to Cook’s 53rd place finish only includes a six percent decrease in approval rating.

A spokeswoman for Glassdoor told CNET that the average rating for a CEO is 67 percent, making Cook’s grade more than satisfactory.

Copyright © 2017, ABC Radio. All rights reserved.

Read More →

Uber(NEW YORK) — Travis Kalanick, the embattled CEO of the ride-hailing company Uber, resigned on Tuesday, a company spokesperson told ABC News.

The resignation comes amid a decision by company shareholders who pushed for his exit.

“I love Uber more than anything in the world and at this difficult moment in my personal life I have accepted the investors request to step aside so that Uber can go back to building rather than be distracted with another fight,” Mr. Kalanick said in a statement.

Already before his resignation, Kalanick last week announced that he would be taking an indefinite leave of absence that he said would give him time to work on becoming a better leader. He also said that he needed the time away to grieve the loss of his mother, who died in a boating accident less than a month ago.

While Kalanick launched Uber into one of the world’s most ubiquitous companies, his tenure has been marked by a number of controversies.

His leave of absence came shortly after former U.S. Attorney General Eric Holder released a 13-page list of recommendations on how the company could improve its business culture.

Holder, now a partner at the law firm Covington & Burling, was tapped by the company to conduct a review of the company’s workplace environment after a former employee alleged that she had been sexually harassed and discriminated against while working there.

About 20 employees were fired as a result of that investigation, according to the company.

Separately, Uber board member David Bonderman, one of the first to invest in the company, stepped down last week after he was accused of making sexist remarks toward fellow board member Arianna Huffington.

Copyright © 2017, ABC Radio. All rights reserved.

Read More →

Christie’s Images LTD. 2017(NEW YORK) — The watch once owned by former first lady Jacqueline Kennedy — and worn by the fashion icon in many prominent photos — is being auctioned in New York Wednesday.

The Cartier Tank watch was originally given to Kennedy by her brother-in-law Prince Stanislaw “Stas” Radziwill, and is engraved with “Stas to Jackie 23 Feb. 63 2:05 am to 9:35 pm.”

The time in the engraving marked the start and stop times for the 1963 50 Mile Hike in Palm Beach, Florida, that Radziwell completed, according to Christie’s, the auction house overseeing the sale. The 50 Mile Hike was a challenge that President John F. Kennedy briefly promoted to encourage building the mental and physical toughness needed to walk 50 consecutive miles.

A painting that Jacqueline Kennedy made in 1963 will be accompanying the sale of her watch, according to Christie’s. At the bottom of the painting, the former first lady wrote, “February 23, 1963 2:05 am to 9:35 pm Jackie to Stas with love and admiration.”

“The Jacqueline Kennedy Onassis Cartier Tank is a watch full of emotion, love and history,” John Reardon, international head of Christie’s Watches, said in a statement. “Together with Jackie’s painting, these two objects capture the spirit of another era, a time where friendship and the ‘can-do’ optimism of the generation seemed to make anything possible.”

Reardon added that the consignor of the watch has “offered to donate a portion of the proceeds to the National Endowment for the Arts.”

Christie’s estimates that the watch and painting will bring in between $60,000 and $120,000 at auction.

Copyright © 2017, ABC Radio. All rights reserved.

Read More →

ABC News(NEW YORK) — Elementary school student Alex Múnoz has quite a story to share with his Boston-area classmates.

The 9-year-old spent June 19 in New York City, hanging out with the founder and chief executive of Kind Snacks.

Alex said he and his family buy the company’s fruit and nut bars (his favorite is peanut butter dark chocolate) and wanted to one day invest money in the company.

But once he realized Kind Snacks was not publicly traded, his mother, Dara Múnoz, encouraged him to write a letter to Daniel Lubetzky, Kind’s founder and CEO.

“I reached Daniel’s assistant and I told her I had a funny letter and I thought that it would make her laugh. I didn’t think any of this would happen,” Múnoz told ABC News.

In the letter, Alex asks if the company has plans to go public.

“Do you know when you will go public? I think you would do well,” he wrote.

To Alex’s surprise, Lubetzky was so impressed by the letter that he invited the budding investor to spend a day at Kind’s Times Square headquarters. The company paid for Alex and his mother to travel to the city to meet with Kind executives.

Alex, who was dressed in a suit, was named “honorary chief financial officer for the day” and given 10 shares in the company.

“We’re pleased to gift Alex 10 shares, making him our youngest owner to date. If KIND were ever to go public, Alex would reap the benefits just as our team would. I’m personally energized by young entrepreneurs who think business can make this a better world,” said Lubetzky.

Alex also met one-on-one with the current chief financial officer, Zahir Ibrahim, who gave Alex advice on what it takes to be a great CFO. But Alex, showing his age, yawned during the conversation, eliciting laughter from everyone in the room.

Earlier in the day, Alex sampled different Kind snack bars and rated them on a scale of 1 through 10. He also received official business cards with his honorary title.

When asked what was the biggest lesson he learned from the day, Alex replied, “Be kind.”

Copyright © 2017, ABC Radio. All rights reserved.

Read More →

iStock/Thinkstock(NEW YORK) — A drop in oil prices pulled U.S. stocks lower on Tuesday.

The Dow Jones Industrial Average fell 61.85 (-0.29 percent) to finish at 21,467.14.

The Nasdaq slid 50.98 (-0.82 percent) to close at 6,188.03, while the S&P 500 finished at 2,437.03, down 16.43 (-0.67 percent) from its open.

Crude oil was more than 2 percent lower with prices at $43 per barrel.

Winners and Losers: Shares of Sprint climbed 3 percent amid a report that T-Mobile’s parent company Deutsche Telekom is in favor of a merger.

According to a filing with the Securities and Exchange Commission, Chipotle Mexican Grill plans to raise its second-quarter marketing and promotion costs as the fast food chain continues to try to recover from food safety issues in 2015. Chipotle’s stock tumbled more than 7 percent.

Copyright © 2017, ABC Radio. All rights reserved.

Read More →