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Tuesday
Sep012015

Dow Falls Again Due to Worries About China

iStock/Thinkstock(NEW YORK) -- Following more bad news from China, U.S. stocks had another bad day as investors remain jittery over a slowdown in the world's second-largest economy.

On Tuesday, the Shanghai Composite Index closed down Tuesday 1.2 percent. American investors fear that an economic slowdown in China will affect U.S. exports to that nation.

The Dow Jones Industrial average, Nasdaq and S&P 500 all ended the day in the red. The Dow briefly dropped more than 500 points and closed down about 2.8 percent, or 469 points at the end of trading in New York. The S&P 500 fell about 2.7 percent and the Nasdaq closed down nearly 3 percent.

A report in China said manufacturing in that country fell to a three-year low last month.

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Tuesday
Sep012015

Chipotle Will Deliver to These 40 College Campuses This Fall

Joe Raedle/Getty(DENVER) -- Chipotle is expanding its delivery partnerships by targeting the sought-after college market, specifically, more than 100 campuses by next spring.

The Denver-based Chipotle Mexican Grill announced that it will deliver to 40 college campuses this fall with the delivery company Tapingo. In addition to the cost of your burrito or whatever Chipotle food product, the delivery price ranges from $1.99 to $4.99 depending on the market, according to Tapingo.

Chipotle already offers delivery to some cities through partnerships with Postmates, in large cities like New York, and Order Up, in smaller markets such as Columbia, Missouri. Postmates, based in San Francisco, charges customers a delivery fee that's as much as $5 and up, plus a service fee, depending on the neighborhood. Order Up charges similar fees.

To order Chipotle food in Nashville, Tennessee, it will cost you a $4.99 delivery fee, plus a 99-cent processing fee, according to Order Up's website. Order Up, based in Baltimore, is owned by Groupon.

The terms of Chipotle's partnerships with Tapingo, Order Up and Postmates are not disclosed.

Tapingo, based in San Francisco, says that its company user base is mostly Millennials and Gen Zs.
“Tapingo has become the buy button for students and we are excited to expand into surrounding areas,” Daniel Almog, Tapingo CEO, said in a statement. “Our network of students is hungry for Chipotle, and we’re excited to deliver it quickly and at a very reasonable delivery cost.”


Here are the college campuses where Chipotle is currently delivering:

  • Arizona State University
  • California State University Chico
  • Louisiana State University
  • University of Arizona
  • University of Southern California
  • Northern Arizona University


Here are the campuses where students can order Chipotle, starting this fall:

  • California State University - Fullerton
  • California State University Northridge
  • Carnegie Melon University
  • Case Western Reserve University
  • Cleveland State University
  • College of the Holy Cross
  • Columbia University
  • Eastern Michigan University
  • Emory University
  • Georgia Institute of Technology
  • Georgia State University
  • Johns Hopkins University
  • Loyola Marymount University
  • Loyola University Maryland
  • Michigan State University
  • New York University
  • North Carolina State University
  • Ohio State University
  • Pennsylvania State University
  • Rutgers University
  • San Jose State University
  • Santa Clara University
  • Towson University
  • Trinity College
  • University of Arkansas
  • University of California Los Angeles
  • University of Georgia
  • University of Louisville
  • University of Maryland
  • University of Miami
  • University of Michigan
  • University of Oklahoma
  • University of Oregon Eugene
  • University of Pittsburgh
  • University of the Pacific
  • University of Utah

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Tuesday
Sep012015

McDonald's Announces National Date of All-Day Breakfast

Credit: McDonalds(OAK BROOK, Ill.) -- McDonald's has set a date for when its customers can begin ordering breakfast at any time of day.

After testing all-day breakfast menus in limited markets in the U.S., McDonald's announced it will offer Egg McMuffins and other morning items starting Oct. 6 throughout the day at its more than 14,300 restaurants across the nation.

The company began tweeting Tuesday about its new initiative, using the hashtag #AllDayBreakfast. Many customers have long-asked McDonald's to offer its breakfast items, such as hotcakes and McGriddle sandwiches, later in the day. At most of McDonald's restaurants, breakfast food items are no longer available around 10:30 a.m. or 11 a.m.

Lisa McComb, a spokeswoman for McDonald's, said the company's operators and operator leadership voted for nationwide all-day breakfast.

The all-day breakfast menu includes hash browns, fruit and maple oatmeal, fruit and yogurt parfait, sausage burritos and more.

"While restaurants serve All Day Breakfast, our rest-of-day core menu items will stay intact, such as the Big Mac, Quarter Pounder with Cheese, McNuggets, Fries, etc. but regions can determine what, if any, menu items need removing based on local customer preferences," McComb said in a statement.

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Tuesday
Sep012015

Biggest Illinois Lottery Winners Lose Their Luck Amid State's Budget Problem

Tim Boyle/Getty Images(CHICAGO) — Danny Chasteen thought he hit the jackpot when he won $250,000 in the Illinois lottery this summer. But a delay in the state's budget is also delaying his payoff and dampening his celebratory mood.

"Wait a minute. I won this fair and square," Chasteen, 56, of LaSalle County, said. "I bought a ticket and scratched it off. I don’t get it."

That's because until the budget is approved, the state comptroller can't pay lottery winners with prize money higher than $25,000, state lottery officials said.

"If it was me owing the state money, but I don’t have the budget together, they would take me to court and get my money," Chasteen said.

Illinois lawmakers have failed to meet their budget deadline of July 1, as Republican Gov. Bruce Rauner has battled the Democrat-run legislature. Meanwhile, the Illinois State Museum, subsidized child care and other social services are on the chopping block.

When Chasteen, a manufacturing foreman, learned he won the state lottery's Cool Cash scratch-off game on July 20, he said he was told he would receive the winnings in four to six weeks. But last week, he received a call from lottery officials saying otherwise.

"They said, 'We cannot pay you out because the state don’t have a budget,'" said Chasteen, who was hoping to pay off his bills with his lottery winnings.

Last Friday, he took out a $3,000 loan to help pay off his bills and those of his girlfriend. Chasteen said he hasn't spent more money than he usually does since learning he won the lottery. But he said he wouldn't have taken out the loan if he had received the lottery prize money, as first reported by ABC station WLS in Chicago.

Lottery officials say the prize money exists, but they legally can't dole it out.

“Due to the ongoing budget situation in Springfield, some lottery winner payments have been delayed," a statement from the state lottery read. "All winners will be paid in full as soon as the Lottery and the Illinois Comptroller have the legislative authority to do so."

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Tuesday
Sep012015

Yahoo CEO Marissa Mayer Is Expecting Identical Twin Girls

Photo by Bennett Raglin/Getty Images(NEW YORK) — Marissa Mayer is expecting identical twin girls!

The Yahoo CEO, 40, shared the happy news on her Tumblr Tuesday, writing that the "twins part was quite a surprise, because I have no family history of twins or any other predisposing factors."

Mayer said she is due in December and it appears she won't be taking full advantage of Yahoo's parental leave policy.

"Since my pregnancy has been healthy and uncomplicated and since this is a unique time in Yahoo’s transformation, I plan to approach the pregnancy and delivery as I did with my son three years ago, taking limited time away and working throughout," she wrote.

Mayer was back to work soon after she gave birth to her son in 2012, the same year she took over as Yahoo's CEO.

"I've shared the news and my plans with Yahoo’s Board of Directors and my executive team, and they are incredibly supportive and happy for me," she said. "I want to thank them for all of their encouragement as well as their offers of help and continued support."

The announcement of her pregnancy comes as Yahoo prepares to spin off its stake in Chinese e-commerce site Alibaba into a new entity called Aabaco Holdings. The move is expected to close in the fourth quarter of this year.

While Mayer's quick maternity leave drew some criticism that she was setting an unrealistic example for many women, she later followed up by extending Yahoo's parental leave, offering mothers up to 16 weeks of paid maternity leave, which also applies to adoption, foster child placement and surrogacy, and eight paid weeks for fathers.


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Tuesday
Sep012015

Online Consignment Selling: How to Use Your Phone for Cash

iStock/Thinkstock(MARTINEZ, Calif.) — Shawna Behrens of Martinez, California, is a stay-at-home mom who says she’s making a killing on used clothing.

“Last month I had $18,000 in sales,” Behrens told ABC News.

Behrens finds items at local consignment stores, garage sales and eBay and then posts them to an app called Poshmark.

“It was so easy,” Behrens said. “You can download that app in 60 seconds along with posting something in 60 seconds.”

“If the price is right, I’ve sold stuff in 20 minutes,” she said.

Poshmark -- along with other apps like Tradesy and ThredFlip -- offers a thoroughly social way to build and sell. Followers “favorite” your closet, comment on your shoes and attend virtual purse parties.

“You get to set the price, as well as, you know, the worth of your item, you can convey that to your customers,” Behrens said. “You can say, ‘Hey, this is how it fits. This is what I wear it with.’”

Behrens is not alone in saying she makes thousands of dollars by selling clothes online.

The online consignment industry is growing fast. Poshmark users upload over $2 million worth of items every day from their phones.

That is the equivalent of an entire department store of clothing being listed and sold each week all on one app.

Behrens says there are specific strategies for becoming a power-seller. Be Social. – “You can have live-time chats with women,” she said. “You guys can text right back and forth and it just really makes sales a lot easier and quicker.”

Be a Brand. – “I think I’m selling stuff that I would actually wear,” Behrens said.

Invest in Styling. Buy a mannequin and use it to create looks, Behrens recommends.

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Tuesday
Sep012015

IIHS: Speed Camera Programs Lead to Changes in Driver Behavior

InterestingLight/iStock/Thinkstock(NEW YORK) -- A study conducted by the Insurance Institute for Highway Safety found that highway speed cameras have "led to long-term changes in driver behavior and substantial reductions in deaths and injuries" in at least one community near Washington, D.C.

Speed cameras were introduced in 2007 in Montgomery County, Maryland, the study notes. As of 2014, the area had 56 fixed cameras, 30 portable cameras and six mobile speed vans. Six months after the installation of the first cameras, the proportion of drivers traveling more than 10 miles per hour over the speed limit had dipped, according to the IIHS.

Further, the study found, after seven years, the program continues to work. IIHS says cameras have reduced the likelihood of a driver exceeding the speed limit by over 10 miles per hour by 59 percent compared to similar roads in nearby counties without speed cameras.

The camera program is also credited with a 19 percent reduction in the likelihood of crashes involving a fatality or incapacitating injury.

"We hope this research will help energize the discussion around speed," IIHS President Adrian Lund said in a statement. "We're all accustomed to seeing posted limits ignored, but it's a mistake to think nothing can be done about it."

The study also argues that speed corridors, in which enforcement is focused on long stretches of road rather than precise locations, are even more effective. "Speed-camera corridors force drivers to watch their speed for the length of the road, instead of slamming on the brakes at a specific location and then speeding up again," IIHS Senior Vice President for Research Anne McCartt said.

Interestingly, the study also found that cameras are only effective in altering drivers' behavior if the drivers are aware that they are there. More than three-quarters of drivers in Montgomery County reported reducing their speed due to the speed camera program.

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Monday
Aug312015

KeyRaider Malware Targets Jailbroken iPhones

iStock/Thinkstock(NEW YORK) -- Login information for as many as 225,000 Apple accounts may have been stolen using a sophisticated malware called KeyRaider that targets jailbroken devices -- those that have hardware restrictions removed and are no longer protected by Apple.

Cyber security company Palo Alto Networks, working alongside Chinese technology group WeipTech, published research detailing the breach, which apparently allows hackers to download apps using the person's account to remotely lock a device and hold it for ransom.

"We believe this to be the largest known Apple account theft caused by malware," researcher Claud Xiao wrote.

The malware appears to have been spread by being built into jailbreak tweaks, which are software additions not evaluated by Apple, Xiao said. The tweaks have been downloaded more than 20,000 times, leading researchers to believe at least that many people are taking advantage of the 225,000 stolen account credentials.

Some people have reported unusual purchasing history in their App Store accounts while others have had their devices locked for ransom, according to researchers.

Apple advises users to not jailbreak their devices due to security issues.

"Jailbreaking your device eliminates security layers designed to protect your personal information and your iOS device," Apple's support website explains. "With this security removed from your iOS device, hackers may steal your personal information, damage your device, attack your network, or introduce malware, spyware or viruses."

Palo Alto Networks said it provided the stolen account information to Apple on Aug. 26. It was also noted that researchers were only able to recover half of the stolen account information before the hacker fixed the vulnerability.

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Monday
Aug312015

Crude Oil Jumps as Wall Street Closes Mostly Down

iStock/Thinkstock(NEW YORK) -- It's finally the end of the worst month for stocks in several years as Wall Street closes mostly down, but crude oil is up nearly 30 percent in just three days.

The Dow Jones Industrial Average fell 114.98 to finish the session at 16528.03.

The Nasdaq also lost 51.82, ending at 4776.51, while the S&P 500 dropped 16.69 to close at 1972.18.

Crude oil rose nearly 8 percent, closing at more than $49 a barrel, the biggest three-day gain since 1990. Business Insider attributes the surge to OPEC, as they stand "ready to talk to all other producers." 

Still no word on whether or not the Federal Reserve will raise interest rates, however a Fed official said over the weekend a September interest rate hike was still possible.

Apple and Cisco Systems are working together in a new attempt to try and sell more iPhones and iPads to corporate customers. It's an effort to work on Internet networking gear and to allow workers' office phones to be synced up as well.

Blue Bell ice cream is back in grocery stores, four months after the company shut down production due to a listeria outbreak. Ice cream from the Texas-based company is now available at stores around Houston and Austin and parts of Alabama.

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Monday
Aug312015

Fiat Chrysler CEO Urges Merger with GM

Bill Pugliano/Getty Images(DETROIT) -- Is a merger between Fiat Chrysler Automobiles and General Motors possible? GM has so far rejected any ideas of a merger, but the FCA chief isn't backing off.

In a recent interview with Automotive Magazine, FCA Chief Executive Officer Sergio Marchionne said "it would be unconscionable not to force a partner" when discussing a potential merger.

Marchionne told Automotive Magazine, "Look, the combined entity can make $30 billion a year in cash. Thirty. Just think about that [expletive] number. In steady-state environments, it'll make me $28 to $30 billion."

According to Marchionne in the interview, the upsides of the merger would be too great and he refuses to accept "no" as an answer.

Though this might sound "hostile," Marchionne told Automotive Magazine there is nothing hostile about it.

"There are varying degrees of hugs," said Marchionne to Automotive Magazine. "I can hug you nicely, I can hug you tightly, I can hug you like a bear, I can really hug you. Everything starts with physical contact. Then it can degrade, but it starts with physical contact."

Even though Marchonne is pushing for a merger, he tells Automotive Magazine GM isn't answering his calls.

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