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<!--Generated by Squarespace V5 Site Server v5.13.159 (http://www.squarespace.com) on Fri, 24 May 2013 12:29:03 GMT--><rss xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:wfw="http://wellformedweb.org/CommentAPI/" xmlns:itunes="http://www.itunes.com/dtds/podcast-1.0.dtd" xmlns:dc="http://purl.org/dc/elements/1.1/" version="2.0"><channel><title>Business News - ABC News Radio</title><link>http://abcnewsradioonline.com/business-news/</link><description>Business and Economic News and Headlines From ABC News Radio</description><lastBuildDate>Fri, 24 May 2013 12:28:29 +0000</lastBuildDate><copyright>(c) ABC News Radio</copyright><language>en-US</language><generator>Squarespace V5 Site Server v5.13.159 (http://www.squarespace.com)</generator><item><title>McDonald's Stands Behind Its Clown</title><category>Business General</category><category>Childhood Obesity</category><category>Ronald McDonald</category><dc:creator>James Grebey</dc:creator><pubDate>Fri, 24 May 2013 08:56:52 +0000</pubDate><link>http://abcnewsradioonline.com/business-news/mcdonalds-stands-behind-its-clown.html</link><guid isPermaLink="false">360296:6358727:33756861</guid><description><![CDATA[<p><span class="thumbnail-image-float-left ssNonEditable"><span><img style="width: 200px;" src="http://abcnewsradioonline.com/storage/news-images/108103884.jpg?__SQUARESPACE_CACHEVERSION=1369385892243" alt="" /></span><span class="thumbnail-caption" style="width: 200px;">Ben Hider/Getty Images</span></span>(NEW YORK) -- Don't mess with Ronald McDonald.</p>
<p>That was the message Thursday from the fast food chain's chief executive Don Thompson, who defended his company from attacks by the watchdog group, Corporate Accountability International, before a shareholders&rsquo; meeting.</p>
<p>Lately, CAI has been demanding that McDonald's assess whether its attempts to add more nutritious items to its menu is working. Two years ago, the group wanted the company to retire its mascot, Ronald McDonald, claiming it was a blatant marketing scheme targeting kids.</p>
<p>Whether it's true or not, the clown is still around and Thompson says he's here to stay, telling shareholders, "We are not the cause of obesity. Ronald is not a bad guy. He's about fun. He's a clown. I'd urge you all to let your kids have fun, too."</p>
<p>While Thompson insists McDonald's is offering more healthy choices to the menu, the real concern of shareholders is the company's declining sales.</p>
<p>As a result, Thompson says pricier items, such as the Angus burger, are getting axed, and more selections will be added to the Dollar Menu.</p>
<p>Copyright 2013 ABC News Radio</p>]]></description><wfw:commentRss>http://abcnewsradioonline.com/business-news/rss-comments-entry-33756861.xml</wfw:commentRss></item><item><title>US Stocks Inch Lower</title><dc:creator>Carmen Cox</dc:creator><pubDate>Thu, 23 May 2013 22:41:14 +0000</pubDate><link>http://abcnewsradioonline.com/business-news/us-stocks-inch-lower.html</link><guid isPermaLink="false">360296:6358727:33755825</guid><description><![CDATA[<p><span class="thumbnail-image-float-left ssNonEditable"><span><img style="width: 200px;" src="http://abcnewsradioonline.com/storage/news-images/GETTY_B_102511_WallStreetStock.jpg?__SQUARESPACE_CACHEVERSION=1369349971105" alt="" /></span><span class="thumbnail-caption" style="width: 200px;">Hemera/Thinkstock</span></span>(NEW YORK) -- Stocks tumbled hard in early trading on Thursday, but recovered most of their losses by the closing bell.<br />&nbsp;<br />The Dow Jones Industrial Average closed down 12.67 points at 15,294.50. The Nasdaq Composite gave up 3.88 points to close at 3,459.42. The S&amp;P 500 finished the session down 4.84 points, closing at 1,650.51.<br />&nbsp;<br />The markets appear to be on track for a losing week, but are still well ahead for the month of May.<br />&nbsp;<br />Meanwhile, new home sales are going through the roof.&nbsp; The National Association of Homebuilders says they soared last month to the second-highest level since the summer of 2008, and the median price hit a record high.&nbsp; Low mortgage rates are encouraging more people to buy.<br />&nbsp;<br />The number of Americans applying for unemployment benefits fell by 23,000 last week. Experts say it's further evidence that the job market is slowly returning to health. <br />&nbsp;<br />Copyright 2013 ABC News Radio</p>]]></description><wfw:commentRss>http://abcnewsradioonline.com/business-news/rss-comments-entry-33755825.xml</wfw:commentRss></item><item><title>Jobless Claims Dropped Last Week</title><dc:creator>jc</dc:creator><pubDate>Thu, 23 May 2013 19:11:52 +0000</pubDate><link>http://abcnewsradioonline.com/business-news/jobless-claims-dropped-last-week.html</link><guid isPermaLink="false">360296:6358727:33755163</guid><description><![CDATA[<p><span class="thumbnail-image-float-left ssNonEditable"><span><img style="width: 200px;" src="http://abcnewsradioonline.com/storage/news-images/Getty_B_120211_NowHiring.jpg?__SQUARESPACE_CACHEVERSION=1369341321982" alt="" /></span><span class="thumbnail-caption" style="width: 200px;">Tim Boyle/Getty Images</span></span>(WASHINGTON) -- A report from the U.S. Department of Labor on Thursday showed jobless claims dropping for the week. The number of people applying for unemployment benefits fell 23,000 to a level consistent with solid job growth.<br /><br />The four-week average of those applying for unemployment benefits ticked down just 500 to 339,500.&nbsp;&nbsp; These claims figures are one indicator of a strengthening job market.<br /><br />The jobs market still has a ways to go -- employers need to add thousands of more jobs to significantly bring the unemployment rate down.<br /><br />The housing recovery, though, is playing its part in the job market; the demand for new construction means there will be more jobs created in this sector.<br /><br />Housing is one part of the massive U.S. economy.&nbsp; To have a truly convincing recovery there needs to be similarly good news from other parts of the economy.<br /><br />Copyright 2013 ABC News Radio</p>]]></description><wfw:commentRss>http://abcnewsradioonline.com/business-news/rss-comments-entry-33755163.xml</wfw:commentRss></item><item><title>New Home Sales Up in April</title><dc:creator>jc</dc:creator><pubDate>Thu, 23 May 2013 19:07:10 +0000</pubDate><link>http://abcnewsradioonline.com/business-news/new-home-sales-up-in-april.html</link><guid isPermaLink="false">360296:6358727:33755146</guid><description><![CDATA[<p><span class="thumbnail-image-float-left ssNonEditable"><span><img style="width: 200px;" src="http://abcnewsradioonline.com/storage/news-images/Getty_052212_HomeSalesUp.jpg?__SQUARESPACE_CACHEVERSION=1369341380698" alt="" /></span><span class="thumbnail-caption" style="width: 200px;">Stockbyte/Thinkstock</span></span>(WASHINGTON) -- Sales of new homes rose in April by nearly 30 percent compared with a year ago, according to a report by the U.S. Commerce Department.<br /><br />This is the latest evidence of a recovering housing market, six years after the housing bubble burst, leading to a recession.<br /><br />Home prices are also rising but have yet to get back to the highs seen during the bubble.<br /><br />The median price of a new home sold in April was $271,600 &ndash; adjusted for inflation, this price is still below the price of a new home during the boom.<br /><br />&ldquo;We&rsquo;re now about half-way back to what could be considered a full recovery,&rdquo; National Association of Home Builders Senior Economist Robert Denk said in a note.<br /><br />Thursday&rsquo;s report also shows new home sales in the past four months were better than previously reported.<br /><br />At the current sales rate, there is just over four months&rsquo; supply of new homes for sale.&nbsp; A six-month supply is considered healthy.&nbsp; This means that there is pent-up demand for new construction.<br /><br />The housing recovery is being helped by the Federal Reserve&rsquo;s efforts, and some economists fear that homes may not seem as cheap once those efforts wane.<br /><br />Economists with IHS Global Insights do not expect the housing market to get truly back to normal until 2015.<br /><br />New homes make up a small chunk of the housing market, but have an important ripple effect on the economy as new appliances and furnishings are needed.<br /><br />Home are also often Americans&rsquo; biggest investment, and a rise in prices makes Americans more confident in their finances and ability to spend.<br /><br />Copyright 2013 ABC News Radio</p>]]></description><wfw:commentRss>http://abcnewsradioonline.com/business-news/rss-comments-entry-33755146.xml</wfw:commentRss></item><item><title>Microsoft’s Snarky Windows Tablet vs iPad TV Ad</title><dc:creator>jc</dc:creator><pubDate>Thu, 23 May 2013 19:05:00 +0000</pubDate><link>http://abcnewsradioonline.com/business-news/microsofts-snarky-windows-tablet-vs-ipad-tv-ad.html</link><guid isPermaLink="false">360296:6358727:33754647</guid><description><![CDATA[<p><span class="thumbnail-image-float-left ssNonEditable"><span><img style="width: 200px;" src="http://abcnewsradioonline.com/storage/news-images/ht_windows_tablets_jef_130523_wblog.jpg?__SQUARESPACE_CACHEVERSION=1369334281464" alt="" /></span><span class="thumbnail-caption" style="width: 200px;">MSN</span></span>(SEATTLE) -- The new Microsoft TV commercial shows a Windows 8 Asus tablet pitted against an Apple iPad in what&rsquo;s reminiscent of a classic Apple ad, complete with vintage white background.<br /><br />Microsoft&rsquo;s tablet is shown demonstrating its Start Screen Live Tiles feature, multi-windowed Snap multitasking, and even Microsoft Office compatibility. All the while, Apple&rsquo;s voice assistant, Siri, is heard saying that she&rsquo;s sorry, but she just can&rsquo;t do any of those things:<br /><br />&ldquo;I&rsquo;m sorry, I don&rsquo;t update like that.&rdquo;<br /><br />&ldquo;I&rsquo;m sorry, I can only do one thing at a time&hellip;I guess PowerPoint isn&rsquo;t one of those things.&rdquo;<br /><br />After Siri seemingly gives up and opens the GarageBand piano, the ad ends with a rather rough rendition of Chopsticks (a play on Apple&rsquo;s iPad mini commercial) and a graphic showing the iPad priced at $699 and the Windows 8 Asus tablet at $449, both tablets in 64 GB versions.<br /><br />Apple did not immediately respond when ABC News reached out for comment on the new ad.<br /><br />Windows 8 only grabbed 7.5 percent of the tablet market in Q1 of 2013, according to Strategy Analytics. Apple&rsquo;s iOS was number one (iPad and iPad mini) with 48.2 percent, and Android tablets accounted for 43.4 percent.<br /><br />Copyright 2013 ABC News Radio</p>]]></description><wfw:commentRss>http://abcnewsradioonline.com/business-news/rss-comments-entry-33754647.xml</wfw:commentRss></item><item><title>NJ Bars Accused of Booze Fraud, Serving Rubbing Alcohol</title><dc:creator>jc</dc:creator><pubDate>Thu, 23 May 2013 18:09:10 +0000</pubDate><link>http://abcnewsradioonline.com/business-news/nj-bars-accused-of-booze-fraud-serving-rubbing-alcohol.html</link><guid isPermaLink="false">360296:6358727:33754912</guid><description><![CDATA[<p><span class="thumbnail-image-float-left ssNonEditable"><span><img style="width: 200px;" src="http://abcnewsradioonline.com/storage/news-images/Getty_052313_BottlesofBooze.jpg?__SQUARESPACE_CACHEVERSION=1369333201865" alt="" /></span><span class="thumbnail-caption" style="width: 200px;">VStock/Thinkstock</span></span>(NEW YORK) -- New Jersey authorities are investigating 29 establishments for serving customers cheaper booze as a substitute for top-shelf liquor, including one that allegedly offered rubbing alcohol and food coloring as scotch.<br /><br />&ldquo;This alleged scheme is a dishonest ruse to increase profits, and it is a slap in the face to the consumer,&rdquo; said state Attorney General Jeffrey Chiesa in a statement. &ldquo;Consumers should have the peace of mind of knowing that they will get what they spent their hard-earned money on every single time -- no exceptions.&rdquo;<br /><br />A spokesman for the New Jersey Division of Alcoholic Beverage Control declined to name which establishment served rubbing alcohol, saying it is an ongoing investigation.<br /><br />Among the 29 licensed bars and restaurants cited for phony booze in the crackdown, dubbed &ldquo;Operation Swill,&rdquo; are 13 TGI Fridays restaurants throughout New Jersey.<br /><br />On Tuesday, investigators visited the establishments, inspected the bar areas and seized all opened bottles. About 1,000 bottles were seized and will undergo more testing by investigators and manufacturers. The investigators seized various brands of vodka, gin, rum, scotch, whiskey and tequila. Investigators also took statements from employees and served demands for sales records to the establishments, which have seven days to provide records of the brands of interest.<br /><br />TGI Fridays issued a statement that said, &ldquo;TGI Fridays was just made aware of this issue and is working closely with the franchisee and owner of the cited locations to review and investigate these serious allegations. We have one of the most extensive bar and beverage programs in the industry, which sets a very high standard in the quality and service of our beverages.&rdquo;<br /><br />A complete list of the 29 establishments and the alcohol being tested is listed on the State Attorney General&rsquo;s <a href="http://nj.gov/oag/newsreleases13/pr20130523b.html">website</a>.<br /><br />The investigation was sparked by information from confidential informants, consumer complaints and testing of samples.<br /><br />In January and February, investigators took samples from 63 licensed establishments, some of which had complaints and others chosen at random, and &ldquo;covertly&rdquo; took 150 samples. Detectives ordered &ldquo;neat&rdquo; drinks with no ice or mixers<br /><br />According to the New Jersey Division of Alcoholic Beverage Control, penalties for serving a drink other than the one ordered range from a five-day suspension for the first offense to a 15-day suspension for the third offense.<br /><br />A mislabeled bottle of alcohol could have multiple violations based on the potential drinks that could have been poured.<br /><br />Regulations from the Division of Alcoholic Beverage Control could also allow for a 30-day suspension for any illegal activity on the licensed premise. Locations could also face a 30-day suspension for not cooperating in the investigation.<br /><br />Copyright 2013 ABC News Radio</p>]]></description><wfw:commentRss>http://abcnewsradioonline.com/business-news/rss-comments-entry-33754912.xml</wfw:commentRss></item><item><title>Popular E-Mail App Mailbox Comes to iPad</title><dc:creator>jc</dc:creator><pubDate>Thu, 23 May 2013 16:18:52 +0000</pubDate><link>http://abcnewsradioonline.com/business-news/popular-e-mail-app-mailbox-comes-to-ipad.html</link><guid isPermaLink="false">360296:6358727:33754474</guid><description><![CDATA[<p><span class="thumbnail-image-float-left ssNonEditable"><span><img style="width: 200px;" src="http://abcnewsradioonline.com/storage/news-images/052313_MailboxApponiPad.jpg?__SQUARESPACE_CACHEVERSION=1369328229486" alt="" /></span><span class="thumbnail-caption" style="width: 200px;">Mailbox App</span></span>(ATLANTA) -- Earlier this year an app came out for the iPhone and within weeks it had a line of one million users waiting to get access to it. It wasn't an app that let you spin a globe or another that let you play a range of instruments. It was a basic e-mail app called Mailbox. <br /><br />Mailbox, which was bought by Dropbox for around $100 million in March, has a different take on dealing with e-mail overload, and now it's being released for the iPad. <br /><br />"Whether you like it or hate it, you have to use email. You don't get a choice. It's the world's collaboration system," Mailbox CEO Gentry Underwood told ABC News. "We target those people who feel crushed by it. We built an experience that is more delightful. That's where we found our sweet spot." <br /><br />The iPad app has all the core features of the iPhone app. You can do four things with each message by simply swiping the message to the right or left: delete it, archive it, set a reminder about it or add it to a to-do list.</p>
<p>The iPad app has some small differences, though. The menu on the left side can be kept open and it has also been adjusted to support external Bluetooth keyboards. The apps look a lot like Apple's native e-mail app, making it very easy for most to adjust to it. <br /><br />When ABC News reviewed the app, reviewers found it tackled email issues in a new way, but noted that it took a lot of time to go through each message. ABC News also knocked it because it was only available for the iPhone and Gmail users. <br /><br />However, Underwood says that users are sticking with the app at an extremely high rate and that the number one priority now is working to get other email services working with the app and to bring it to Android and more phones. There's also interest in making a desktop or web-based client. <br /><br />"When we talk about living in a mobile era it doesn't mean we just use phones," he said. "We live in a multi-screen world. From a high level it is a no-brainer that we should have a desktop experience that is consistent and complimentary to the mobile."<br /><br />Copyright 2013 ABC News Radio</p>]]></description><wfw:commentRss>http://abcnewsradioonline.com/business-news/rss-comments-entry-33754474.xml</wfw:commentRss></item><item><title>Borders Gift Card Holders Left with Squat</title><dc:creator>jc</dc:creator><pubDate>Thu, 23 May 2013 15:50:16 +0000</pubDate><link>http://abcnewsradioonline.com/business-news/borders-gift-card-holders-left-with-squat.html</link><guid isPermaLink="false">360296:6358727:33754342</guid><description><![CDATA[<p><span class="thumbnail-image-float-left ssNonEditable"><span><img style="width: 200px;" src="http://abcnewsradioonline.com/storage/news-images/Getty_052313_BordersBooks.jpg?__SQUARESPACE_CACHEVERSION=1369328012911" alt="" /></span><span class="thumbnail-caption" style="width: 200px;">Andrew Harrer/Bloomberg via Getty Images</span></span>(NEW YORK) -- A judge ruled on Wednesday that customers who hold $210.5 million in gift cards from the defunct Borders chain aren&rsquo;t eligible for refunds.<br /><br />About 17.7 million gift cards were outstanding when Borders began liquidating its stores in July 2011 after failing to attract offers for the company.<br /><br />Judge Andrew Carter for the U.S. District Court in Manhattan upheld a decision from a U.S. Bankruptcy Court judge in August 2012, which said the card holders did not prove they met the requirements for an exception to Borders&rsquo; liquidation.<br /><br />The District Court also decided the bankruptcy plan was too far along and that it would be unfair with respect to the remaining money and other general creditors.<br /><br />&ldquo;They are saying, &lsquo;We didn&rsquo;t give you notice and it&rsquo;s too late now anyway even for the money that remains.&rsquo; We just disagree with that concept,&rdquo; said Clinton Krislov, attorney for the gift card holders.<br /><br />Borders, which at one time had 642 stores, filed for Chapter 11 bankruptcy protection in Feb. 2011. In that year, it announced 6,000 layoffs on February 17 and 10,700 layoffs July 19.<br /><br />Krislov said he and the three plaintiffs will likely appeal to the Federal Court of Appeals for the Second Circuit in New York.<br /><br />The three plaintiffs sought legal representation at the end of 2011, after they discovered Barnes and Noble would not honor Borders gift cards. Barnes and Noble acquired some of Borders&rsquo; assets, including its brand trademarks and their customer list.<br /><br />&ldquo;On the first day of the bankruptcy filing, it was recognized that gift card holders existed and they were entitled to a priority in the bankruptcy. What happened then was that no one bothered to give them any reasonable notice that they could file a claim and there was a deadline to file that claim,&rdquo; Krislov said.<br /><br />That deadline was June 1, 2011, which was described in a notice published by Borders in the <em>New York Times</em> at least 28 days prior to the deadline, as ordered by the bankruptcy court.<br /><br />&ldquo;The notice didn&rsquo;t even mention gift cards. It really was more a way to cut them off than to give them effective notice,&rdquo; Krislov said. No proofs of claim were filed by any of the millions of gift card holders, the court decision on Wednesday states.<br /><br />Borders began its gift card program in 1998.</p>
<p>While the company did not have a database identifying gift card holders, Krislov said the company could have notified the millions of customers in its database of customer email addresses.<br /><br />Copyright 2013 ABC News Radio</p>]]></description><wfw:commentRss>http://abcnewsradioonline.com/business-news/rss-comments-entry-33754342.xml</wfw:commentRss></item><item><title>Superman Comic Worth Over $100K Found in Wall of Run-Down Home</title><category>Auctions</category><category>Business General</category><category>action comics #1</category><category>superman</category><dc:creator>James Grebey</dc:creator><pubDate>Thu, 23 May 2013 15:04:28 +0000</pubDate><link>http://abcnewsradioonline.com/business-news/superman-comic-worth-over-100k-found-in-wall-of-run-down-hom.html</link><guid isPermaLink="false">360296:6358727:33754182</guid><description><![CDATA[<p><span class="thumbnail-image-float-left ssNonEditable"><span><img style="width: 200px;" src="http://abcnewsradioonline.com/storage/news-images/Getty_E_120111_ActionComics1Superman.jpg?__SQUARESPACE_CACHEVERSION=1369321693595" alt="" /></span><span class="thumbnail-caption" style="width: 200px;">Hulton Archive/Getty Images</span></span>(ELBOW LAKE, Minn.) -- A home renovator in Minnesota was knocking down walls in the run down house he had just purchased when he found a copy of one of the rarest and most valuable comic books in the world.</p>
<p>The comic, <em>Action Comics #1</em>, is the first appearance of DC Comics' Superman. The comic, along with lots of old newspaper and other magazines, was stuffed in the walls of the house, originally built in 1938 to serve as insulation.</p>
<p>The renovator, David Gonzalez, bought the old house for $10,000, and was curious when he saw Superman on the cover of the comic he had just unearthed from the walls. He did some research and took it to the comics auction house ComicConnection to sell.</p>
<p>&ldquo;[It&rsquo;s] probably the most unusual copy of this comic we've ever offered,&rdquo; ComicConnection says in its online offering.</p>
<p>ComicConnection notes that it&rsquo;s rare to find a &ldquo;brand new&rdquo; <em>Action Comics #1</em>, because most of the ones that still exist have been bouncing around auction houses for years.</p>
<p>Copies of <em>Action Comics #1 </em>that were in near-mint condition have sold for over $2 million dollars. Gonzalez&rsquo;s copy showed obvious signs of damage from the 70 years it spent in the walls of the house, so it was worth significantly less, though it was still a valuable find.</p>
<p>The comic would have been worth more had an overeager in-law not gotten her hands on it. When Gonzalez showed it to his wife&rsquo;s aunt she refused to give it back and the back cover ripped off.</p>
<p>"That was a $75,000 tear," said Stephen Fishler, co-owner of ComicConnect. Bidding for the comic is at nearly $113,000 as of Thursday morning.</p>
<p>Still, Gonzalez is happy with his find. He will only be getting half of the money the comic sells for, the rest goes to ComicConnect, but it&rsquo;s still a great return on the $10,000 investment he made when he bought the old house.</p>
<p>According to ComicConnect&rsquo;s website, Gonzalez plans to repair the home, but swears never to sell what they&rsquo;re calling &ldquo;the house that superman built.&rdquo;</p>
<p>Copyright 2013 ABC News Radio</p>]]></description><wfw:commentRss>http://abcnewsradioonline.com/business-news/rss-comments-entry-33754182.xml</wfw:commentRss></item><item><title>Target Offering $99 Wedding Dresses</title><category>Business General</category><category>Target</category><category>Wedding Dress</category><dc:creator>James Grebey</dc:creator><pubDate>Thu, 23 May 2013 13:34:31 +0000</pubDate><link>http://abcnewsradioonline.com/business-news/target-offering-99-wedding-dresses.html</link><guid isPermaLink="false">360296:6358727:33753848</guid><description><![CDATA[<p><span class="thumbnail-image-float-left ssNonEditable"><span><img style="width: 200px;" src="http://abcnewsradioonline.com/storage/news-images/Getty_1114110_TargetStore.jpg?__SQUARESPACE_CACHEVERSION=1369316182647" alt="" /></span><span class="thumbnail-caption" style="width: 200px;">Tim Boyle/Bloomberg via Getty Images</span></span>(NEW YORK) -- Target executives over the past few years have really thought outside the bargain box, teaming up with high-end designers like Missoni, Neiman Marcus and Prabal Gurung. Now the popular discount chain&rsquo;s latest venture may have more people than ever saying &ldquo;I do.&rdquo;</p>
<p>Target is now offering affordable wedding wear, exclusively online, in their latest launch that targets nuptial necessities.</p>
<p>&ldquo;It&rsquo;s a huge industry,&rdquo; Jennie Ma, fashion and beauty editor at The Knot.com, told ABC News. &ldquo;It generates about $4 billion a year. We&rsquo;ve seen a lot of online retailers enter this space.&rdquo;</p>
<p>Target is offering four styles of wedding gowns, 10 bridesmaids dresses and two flower girl frocks in sizes 2 to 28 with prices ranging from $69.99 to $129.99.</p>
<p>The average wedding dress costs around $1,200, and for that amount, brides-to-be could purchase six wedding dresses and eight bridesmaids dresses at Target.</p>
<p>Newly engaged Taylor McGrann is on the hunt for her perfect dress, but at a bargain.</p>
<p>&ldquo;It&rsquo;s hard because you want it to be special, you want it to be perfect, you want it to be beautiful, but how much can you really spend on a dress that you wear one day, one time?&rdquo; McGrann asked.</p>
<p>McGrann added that she'd consider buying a wedding dress from Target because &ldquo;They&rsquo;re so classic. They&rsquo;re timeless, they&rsquo;re simple and it&rsquo;s really evident that you can make this your own.&rdquo;</p>
<p>The bridal dresses are only available online and Target has no plans to carry them in stores. But if you order a dress and it doesn&rsquo;t fit, the dress can be returned per the return policy.</p>
<p>Copyright 2013 ABC News Radio</p>]]></description><wfw:commentRss>http://abcnewsradioonline.com/business-news/rss-comments-entry-33753848.xml</wfw:commentRss></item><item><title>Global Stocks Plunge After Japan Selloff</title><category>Japan</category><category>Stock</category><dc:creator>James Grebey</dc:creator><pubDate>Thu, 23 May 2013 12:14:19 +0000</pubDate><link>http://abcnewsradioonline.com/business-news/global-stocks-plunge-after-japan-selloff.html</link><guid isPermaLink="false">360296:6358727:33753610</guid><description><![CDATA[<p><span class="thumbnail-image-float-left ssNonEditable"><span><img style="width: 200px;" src="http://abcnewsradioonline.com/storage/news-images/Getty_091911_StockDown.jpg?__SQUARESPACE_CACHEVERSION=1369311357014" alt="" /></span><span class="thumbnail-caption" style="width: 200px;">Hemera Technologies/Thinkstock</span></span>(NEW YORK) -- Wall Street may be in for a wild ride Thursday after a sharp retreat for stocks in Japan. U.S. stock futures dropped after the Nikkei index in Tokyo plunged 7.3 percent overnight, its worst one-day loss in more than two years.</p>
<p>Global stock markets are in retreat, hammered by a one-two punch.</p>
<p>The first blow was struck when U.S. markets turned from gains to losses after the release of minutes from the Federal Reserve. The minutes showed that a number of officials were ready to taper off the aggressive policy of quantitative easing, with the monthly purchase of $85 billion in government bonds. The Fed&rsquo;s recent moves had helped push up stock prices.</p>
<p>The second shoe to drop came from China. The HSBC Purchasing Managers Index fell this month, adding to signs of a fragile economic recovery for the world&rsquo;s second-largest economy is losing steam.</p>
<p>HSBC economist Hongbin Qu in a statement said, &ldquo;The cooling manufacturing activities in May reflected slower domestic demand and ongoing external headwinds.&rdquo;</p>
<p>China&rsquo;s economic growth slowed unexpectedly in the first quarter and forecasters have cut their growth outlook for the year.</p>
<p>Copyright 2013 ABC News Radio</p>]]></description><wfw:commentRss>http://abcnewsradioonline.com/business-news/rss-comments-entry-33753610.xml</wfw:commentRss></item><item><title>Nearly Free Electric Car Leases in a State Near You?</title><category>Lease Sale</category><category>eHybrid Electric Car</category><dc:creator>James Grebey</dc:creator><pubDate>Thu, 23 May 2013 10:07:11 +0000</pubDate><link>http://abcnewsradioonline.com/business-news/nearly-free-electric-car-leases-in-a-state-near-you.html</link><guid isPermaLink="false">360296:6358727:33753369</guid><description><![CDATA[<p><span class="thumbnail-image-float-left ssNonEditable"><span><img style="width: 200px;" src="http://abcnewsradioonline.com/storage/news-images/Getty_090712_Gasoline.jpg?__SQUARESPACE_CACHEVERSION=1369303737303" alt="" /></span><span class="thumbnail-caption" style="width: 200px;">iStockphoto/Thinkstock</span></span>(NEW YORK) -- Accustomed to their gas-guzzling companions, many Americans are hesitant to buy an electric or hybrid vehicle. But dealers and government incentives are luring drivers into the fold.</p>
<p>John O&rsquo;Dell, senior green car editor for Edmunds.com, has leased a Nissan Leaf with his wife for the last two years. He said he is not sure he would lease an electric car if the federal tax credit of up to $7,500 were not available.</p>
<p>In O&rsquo;Dell&rsquo;s home state of California, he also received a state rebate of about $5,000.</p>
<p>&ldquo;The state rebate made it even sweeter,&rdquo; O&rsquo;Dell said.</p>
<p>Plug-in cars comprised less than one percent of total vehicle sales in the U.S. in the first four months of the year, according to Hybridcars.com. But plug-in sales figures are double those of the first four months of last year, with help from discounts and incentives, as first reported by the <em>Wall Street Journal</em>. The drawbacks of an electric car include limited battery life or power per charge and lack of charging stations in some parts of the country.</p>
<p>But the financial incentives are appealing.</p>
<p>People who purchase an electric car in or after 2010 may be eligible for the federal tax credit of up to $7,500, depending on the capacity of the vehicle&rsquo;s battery. (The federal tax credit amounts per vehicle are described on the website FuelEconomy.Gov.)</p>
<p>Electric car buyers who owe less than $7,500 in taxes won&rsquo;t get a full $7,500 in tax credits even if their electric car purchase is eligible for that amount. But some dealers who lease these cars are giving drivers a discount of the full $7,500 from the lease price.</p>
<p>Various states have different tax incentives. Among Georgia&rsquo;s offerings, for instance, is an income tax credit to people who buy or lease a new zero emissions vehicle. The tax credit is 20 percent of the vehicle cost, up to $5,000.</p>
<p>At the time O&rsquo;Dell leased the Nissan Leaf, it had a MSRP (manufacturer&rsquo;s suggested retail price) of about $36,000. Today, its MSRP is about $35,200 before federal tax savings.</p>
<p>While O&rsquo;Dell&rsquo;s commute is 110 miles round-trip, he can take advantage of a charging station by his office. He also happens to have a solar-powered home, so his electric bill is only about $45 a month. For longer trips, he uses one of his family&rsquo;s other three cars.</p>
<p>&ldquo;The car pretty much pays for itself every month,&rdquo; O&rsquo;Dell said of the Leaf. He said leasing an electric car worked &ldquo;wonderfully&rdquo; for him, but he knows not everyone in the country will have the same situation.<br />But as the price of electric cars falls and battery technology improves, O&rsquo;Dell said it makes more sense to lease an electric car than to buy one.</p>
<p>&ldquo;Batteries have a finite life and no one knows what that is yet,&rdquo; he said.</p>
<p>These days, he said monthly lease deals for electric cars can be as low as $199 a month, such as for the Fiat 500 EV. Cars like the Fiat 500 EV are only available in California, marketed there to meet the state&rsquo;s stringent emissions standards.</p>
<p>&ldquo;A lot of these eclectic cars are not available nationally,&rdquo; O&rsquo;Dell said. &ldquo;They&rsquo;re expensive to build with a limited market.&rdquo;</p>
<p>Cars like the Ford Focus and Tesla S are marketed nationally.</p>
<p>Eric Evarts, senior associate autos editor with <em>Consumer Reports,</em> agrees that it is better to lease an electric car than to buy one.</p>
<p>&ldquo;I would say electric cars are the one thing where we would unequivocally recommend people lease,&rdquo; Evarts said, &ldquo;especially with some of these low subsidized rates, depending where you live.&rdquo;</p>
<p>Evarts&rsquo; advice extends to hybrids like the Toyota Prius, though he said the Prius has been around since 2000 and has a longer track record and higher resale value.</p>
<p>Evarts cautions drivers considering a lease to consider what they plan to do after their lease ends, which is typically two years.</p>
<p>&ldquo;You can extend the lease, but it tends to be that longer leases are less financially good deals,&rdquo; Evarts said, adding that eventually repairs and updates like tire changes can lead to more expenses for a leased car.</p>
<p>Copyright 2013 ABC News Radio</p>]]></description><wfw:commentRss>http://abcnewsradioonline.com/business-news/rss-comments-entry-33753369.xml</wfw:commentRss></item><item><title>Bernanke Wants to Keep Fed's Stimulus Plan Going</title><category>Ben Bernanke</category><category>Economy</category><category>Politics</category><category>Stimulus</category><dc:creator>James Grebey</dc:creator><pubDate>Thu, 23 May 2013 08:42:31 +0000</pubDate><link>http://abcnewsradioonline.com/business-news/bernanke-wants-to-keep-feds-stimulus-plan-going.html</link><guid isPermaLink="false">360296:6358727:33753231</guid><description><![CDATA[<p><span class="thumbnail-image-float-left ssNonEditable"><span><img style="width: 200px;" src="http://abcnewsradioonline.com/storage/news-images/Getty_B_103110_BenBernanke.jpg?__SQUARESPACE_CACHEVERSION=1369298628122" alt="" /></span><span class="thumbnail-caption" style="width: 200px;">Alex Wong/Getty Images</span></span>(WASHINGTON) -- The head of the nation's central bank told D.C. lawmakers Wednesday that he's leaving well enough alone so as not to derail the slow but steady economic recovery.</p>
<p>Appearing before a congressional Joint Economic Committee, Federal Reserve chairman Ben Bernanke declared that the economy is in better shape than it was at this time in 2012.</p>
<p>The Fed has kept interest rates at record low levels since December 2008 and Bernanke warned that raising them now could lead to slowing or ending the economic recovery and causing inflation to fall further.</p>
<p>Deflation might stall the economic recovery by driving down prices so low that businesses are unable to make a profit, forcing them to start laying off workers.</p>
<p>Speaking of unemployment, which stands at around 7.5 percent, Bernanke said it was important to keep seeing improvements in this area, especially since as many as eight million Americans, who have jobs, are only working part-time.</p>
<p>He maintained the Fed has no plans to stop buying $85 billion a month in mortgage-backed securities and Treasury bonds, a process that lowers long-term interest rates, including mortgage rates, which has stimulated a revival in the housing market.</p>
<p>Copyright 2013 ABC News Radio</p>]]></description><wfw:commentRss>http://abcnewsradioonline.com/business-news/rss-comments-entry-33753231.xml</wfw:commentRss></item><item><title>Twitter Beefs Up Security with Two-Factor Verification</title><dc:creator>Carmen Cox</dc:creator><pubDate>Wed, 22 May 2013 21:46:52 +0000</pubDate><link>http://abcnewsradioonline.com/business-news/twitter-beefs-up-security-with-two-factor-verification.html</link><guid isPermaLink="false">360296:6358727:33751992</guid><description><![CDATA[<p><span class="thumbnail-image-float-left ssNonEditable"><span><img style="width: 200px;" src="http://abcnewsradioonline.com/storage/news-images/Getty_052213_TwitterImage.jpg?__SQUARESPACE_CACHEVERSION=1369260223571" alt="" /></span><span class="thumbnail-caption" style="width: 200px;">JOSEP LAGO/AFP/Getty Images</span></span>(NEW YORK) -- Think back over the past few months to more than a few high-profile Twitter hacks.<br /><br />Burger King's account was hacked to look like McDonald's. Then there was Jeep's account, which sent out plenty of nonbrand-friendly language. And finally, and more seriously, the Associated Press' account was taken over by hackers who told the media outlet's millions of followers that bombs had exploded at the White House.<br /><br />Starting on Wednesday, though, Twitter users will have an added security feature intended to help prevent those types of hacks. The social network has rolled out a log-in, or two-step, verification process, which requires users to confirm their identity with two pieces of log-in information.<br /><br />When you enable the feature through the settings area on Twitter.com, you'll be asked to input your phone number. Going forward when you try to log in to Twitter, you will enter your regular password, and then Twitter will send you a text message with a verification code. When you get that text message with that code, you will then have to input that string of numbers and letters to get in. The idea is that there are two pieces of information to confirm that you are who you say you are.<br /><br />"Two factor is two ways of authenticating who you are," McAfee security expert Robert Siciliano told ABC News. "Two factor, generally, by definition is something you know and something that you have or you are." In this case, you know your password, and you have your smartphone.<br /><br />The new feature will be available on Wednesday to all Twitter users, although it does require a working cell phone to get it going. Also, it is only really useful to those who run independent accounts, not shared accounts. For example, the AP or ABC News account is run by multiple users, who don't share one cellphone.<br /><br />Twitter says it is also working on additional features.<br /><br />"However, much of the server-side engineering work required to ship this feature has cleared the way for us to deliver more account-security enhancements in the future. Stay tuned," Jim O'Leary of Twitter's product security team <a href="https://blog.twitter.com/2013/getting-started-login-verification" target="_blank">said in a blog post</a>.<br /><br />But just this step has given many users and security experts what they wanted.<br /><br />"This is what they should have been doing years ago," Siciliano said. "Now that Twitter has become the de facto social network of major news networks and law enforcement agencies to get the word out, this was required." <br /><br />Copyright 2013 ABC News Radio</p>]]></description><wfw:commentRss>http://abcnewsradioonline.com/business-news/rss-comments-entry-33751992.xml</wfw:commentRss></item><item><title>Existing Home Sales at Highest Level in Over 3 Years</title><dc:creator>jc</dc:creator><pubDate>Wed, 22 May 2013 20:01:39 +0000</pubDate><link>http://abcnewsradioonline.com/business-news/existing-home-sales-at-highest-level-in-over-3-years.html</link><guid isPermaLink="false">360296:6358727:33751116</guid><description><![CDATA[<p><span class="thumbnail-image-float-left ssNonEditable"><span><img style="width: 200px;" src="http://abcnewsradioonline.com/storage/news-images/Getty_052213_HomeSales.jpg?__SQUARESPACE_CACHEVERSION=1369244932756" alt="" /></span><span class="thumbnail-caption" style="width: 200px;">iStockphoto/Thinkstock</span></span>(WASHINGTON) -- Sales of existing homes rose 0.6 percent in April to an annual rate of 4.97 million units. Sales are up nearly 10 percent over the past year.<br /><br />&ldquo;The market is in a solid recovery,&rdquo; says Walter Malony of the National Association of Realtors. &ldquo;Sales are now at the highest level in 3 1/2 years, back when the market was spiking in response to the homebuyers tax credit.&rdquo;<br /><br />That was a temporary tax credit.&nbsp; Since then, tight lending standards by banks and limited inventory have kept the total lower than it would be.<br /><br />Wednesday&rsquo;s report is the latest sign of improvement for the housing market. Existing home sales account for about 9 out 10 home sales each month.<br /><br />Copyright 2013 ABC News Radio</p>]]></description><wfw:commentRss>http://abcnewsradioonline.com/business-news/rss-comments-entry-33751116.xml</wfw:commentRss></item></channel></rss>