Authors: Jeanette Torres
Michel Setboun/Getty Images(NEW YORK) -- For years, police in New York City have been chasing the guys on Canal Street selling phony Louis Vuitton handbags and $20 Rolex watches, but it hasn't stopped the counterfeit trade. Now, the New York City Council is considering going after the customer.
“We&rs...
Authors: Jeanette Torres
Spencer Platt/Getty Images(WASHINGTON) -- Jobless claims kicked off the month of June by dropping to 334,000, the Labor Department reported on Thursday.
For the week ending June 8, the number of people filing for benefits decreased by 12,000. The previous week, claims stood at 346,000.
The four-week average also went...
Authors: Jeanette Torres
iStockPhoto/Thinkstock(NEW YORK) -- The number of U.S. households that received a foreclosure filing last month rose slightly as banks seized more homes from borrowers in default, according to the latest report from RealtyTrac.
"In the month of May we saw 148,000 properties with foreclosure filings nationwide," says...
Authors: Jeanette Torres
iStockphoto/Thinkstock(REDWOOD CITY, Calif.) -- Not quite boats or houses, the “floating homes” of Docktown are home to at least 60 households in Redwood City, Calif., a city that is trying to balance the interests of the community and the landowner of the property.
A task force will meet on Thursday night to...
Authors: Jeanette Torres
iStockphoto/Thinkstock(NEW YORK) -- With summer finally here, many soon-to-be travelers will be tempted by all-inclusive packages that offer great deals to exotic locations that include flights, hotels and, sometimes, even food and drinks.
But experts like Jennifer Garfinkel, special projects editor at Oyster.com, a hotel...
Authors: Carmen Cox
Scott Eells/Bloomberg via Getty Images(NEW YORK) -- Amid the National Security Agency's leaks scandal, another battle is raging between IBM and Amazon over a $600 million contract to set up a cloud-computing system for the CIA, highlighting the increased importance of intelligence-agency business for technology companies,...
Authors: Carmen Cox
iStockphoto/Thinkstock(NEW YORK) -- The U.S. markets saw another big drop on Wednesday.
The Dow Jones Industrial Average closed below the 15,000 mark, down 127 points at 14,995. The index on Wednesday saw its fourth triple-digit loss in two weeks.
The Nasdaq Composite Index shed 37 points to close at 3,400. The S&P 500...
Authors: jc
iStockphoto/Thinkstock(NEW YORK) -- A sleepy bank employee dozed off briefly with his finger on the number 2 key of his computer, and by the time he woke up he had transferred 222,222,222 Euros ($293 million) to a person’s account instead of the 42 Euros ($80) that were supposed to be transferred.
The employee didn’t...
Authors: jc
ABC News(NEW YORK) -- Get ready to see a lot more of the # symbol in your Facebook News Feed. Yes, the social network is about to start looking a bit more like that other social network you might use as it begins to roll out clickable hashtags.
Over the next few weeks all Facebook users will be able to include a hashtagged phrase, like...
Authors: jc
Jin Lee/Bloomberg News(NEW YORK) -- While organized retail crime has become a growing trend that vexes businesses, what appears to be an old-fashioned five-finger discount recently plagued the mother of all jewelry retailers, Tiffany & Co.
On June 7 at about 3 p.m., a smartly dressed man was captured on surveillance video walking...
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