Images not showing up on our site? It is suggested you use Google Chrome or Mozilla Firefox           It's a good idea to clear your computers Cache every few days. Here's how!          

Listeners Club

Business Headlines
Subscribe To This Feed

Alexander Tamargo/Getty Images(NEW YORK) -- Christina and Tarek El Moussa of HGTV's Flip or Flop are facing backlash from students of their real estate seminars who claim the couple's program is misleading.

The El Moussas are known for renovating homes and selling them for a profit on the show. Their seminar program, titled, "Success, Path, Education," advertises that it will teach students the secrets of their success.

Former Florida student Doug Stephens, of Havana, told ABC News that he attended one of the couple's seminars in the state after seeing an online advertisement featuring their photo. But he said when he attended the class, the El Moussas were nowhere to be seen.

"If you think you're getting Tarek and Christina, you're not going to get them," Stephens said on Good Morning America.

"You're going to get some sales pitch the entire time," he said.

In addition, Stephens claims he was "aggressively pushed" to buy more courses.

"I paid almost $2,000 for the conference and I paid $1,000 for some software, so I paid almost $3,000," Stephens said. "For me to give up almost $3,000 was a huge sacrifice."

But, Christina El Moussa told ABC News that she and Tarek are proud of their program.

"I stand by our product," she said. "It's our tools, it's our system. It's what Tarek and I do. I've only heard very minimal complaints."

The El Moussas' seminars are run by a Utah-based company called Zurixx, which develops, promotes, sells and fulfills financial education programs throughout the United States and Canada, according to its LinkedIn page.

Stephens said he launched formal complaints with Zurrixx, the El Moussas and the Better Business Bureau (BBB) and that he has not received a refund.

Zurixx told ABC News that Stephens' feedback is "unusual" and that 33 other evaluations from the workshop were very positive.

"Over 99 percent of all paying students rate their courses as insightful, valuable, understandable and helpful," Zurixx said.

Christina El Moussa told ABC News that she does attend seminars, when the events are close to her home.

"If it's going to be within 45 minutes from my house I'm definitely going to come," she said. "It gets harder to travel all around, especially [because] we have two kids."

Christina recently attended seminars in St. Louis and Miami, but Zurixx said even those appearances are uncommon, adding that "nowhere on any other marketing does it state the El Moussas will be live and in-person at any event."

"This year, we'll do over 100 houses," Christina said. "This is our program. We meet each and every coach, we do training with them one-on-one. Tarek does tons of training via webinar."

ABC News found more than 150 complaints online about the El Moussas' program with the BBB of St. Louis. But Zurixx said, statistically, 150 complaints out of more than 374,000 students is extremely low.

HGTV told ABC News that their station and its owner Scripps Networks, LLC are not associated or affiliated with these real estate seminars, or with Flip Advantage/Success Path.

Copyright © 2016, ABC Radio. All rights reserved.

Subscribe To This Feed

Alex and Ani(NEW YORK) -- A popular jewelry company is helping to bring a little piece of Lady Liberty to its customers with a new collection.

Carolyn Rafaelian, the owner of Alex and Ani, which released its Liberty Copper pieces in September, said the Statue of Liberty represented what Americans strive to be.

"She is liberty enlightening the world. ... she is the epitome of freedom, of our human rights, of this fabulous country," Rafaelian said.

On Friday, the Statue of Liberty celebrates its official dedication 130 years ago.

Rafaelian said the idea for Liberty Copper started a few years ago after she received a call from a priest asking if she was interested in using copper from the Statue of Liberty in her jewelry.

The priest put her in contact with Rick Stocks, who paid $1 million to the Statue of Liberty-Ellis Island Foundation for all of the materials left over from a renovation that took place in the 1980s.

Stephen Briganti, the foundation's president and CEO, called Stocks a "guardian" of the restoration's leftovers. The foundation and National Park Service have final approval before Stocks shares any materials.

The scraps included copper pieces, iron bars, handrails and lamps. Using his funds, Stocks then stored the pieces in warehouses in Florida and Tennessee.

"I always knew there was a greater purpose, something greater we could do," Stocks said of the materials he'd bought.

Rafaelian told ABC News that she was especially interested because of her family's connection with Ellis Island. She has the suitcase that her grandfather carried as he landed on Ellis Island after leaving Armenia in 1913.

"It is my prized possession," she said.

"He (Stocks) called in and we met and he looked at me after he had a nice tour about the business, about who I am and he literally had tears in his eye and he's like: 'I found you!'" she said.

All of Alex and Ani's products are made in Rhode Island. The company said that more than 10,000 thousand pieces bearing a copper flame, an exact replica of Lady Liberty's, have been sold so far.

"We are an American brand and she is an American icon so it kind of all works together in the [symbolism]," she said.

Rafaelian said that some of the money made from collection would go to funding an Ellis Island museum, which is in the works. She said that the company had raised more than $30 million in the last five years for different charities across the world.

Briganti, who was involved in the restoration, said efforts like the Liberty Copper collection was what the foundation had hoped would happen when it sold the materials to Stocks.

"That's the best way we can share a little bit of Liberty with people who don't come to New York and can't see it but yet feel the important of the Statue of Liberty," Briganti said of the Liberty Copper collection. "They can actually have a piece of something of their own."

Copyright © 2016, ABC Radio. All rights reserved.

Subscribe To This Feed

ABC News(NEW YORK) -- For a year and a half, Khalil Rafati called Skid Row in Los Angeles home. He lived on the streets, destitute and addicted to heroin.

Rafati said fell into "real homelessness, where your teeth are rotting out of your head and you have a smell on your body that is so disgusting it is so unbearable."

"The only thing you can do at that point is get high," he said. "And when you're coming down, pray for death or pray for money for drugs."

That was 13 years ago. Today, Rafati is a multi-millionaire.

Watch the full story on Nightline Thursday night at 12:35 a.m. ET

Rafati turned his life around and founded the juice and smoothie empire, SunLife Organics, based in Malibu, California. His company has 200 employees, six stores with two more coming and a devoted celebrity clientele –- from Julia Roberts to Harry Styles to Kendall Jenner.

In a town bursting with juice bars, Rafati says his company has flourished because it’s authentic and natural. His smoothies include ingredients like bee pollen, chia seeds, vegan protein powder or goat colostrum.

"That's the mother's milk from a goat when she first gives birth," he said. "And we use a special honey from India that while it's being made the monks are chanting."

Now, Rafati says, he is sober. His fix now is doing daily hot yoga.

"I think the obsession and the addiction have gotten more powerful as the years have gone by ... channeled into a positive direction," Rafati said. "I'm an addict through and through and that's never going to change."

He was born and raised in Toledo, Ohio, and moved to California as soon as he could. He did odd jobs for the likes of Elizabeth Taylor.

"I was able to maintain and sustain and not get into too much trouble," he said.

He said then he was dealing a little weed, playing in a band and having fun. But that soon changed.

"Once heroin came into the picture, I didn't care," Rafati said. "There was no fear. There was no anxiety... I literally did not care.”

Things got so low for Rafati, he said, he got into a fight with his girlfriend one night and tried to end his life.

"I took everything I had, I put it in a spoon, I drew it up and I shot it," he said, "Hoping to die."

He ended up in the hospital, where he said he was stabilized, released and went right back to drugs.

"That's how stupid I was. That's how careless I was," Rafati said. "Cocaine, crack was introduced to the picture ... now the car is gone, the girlfriend is gone. Every bridge is burned."

Then Rafati found himself on Skid Row.

"You never want to stop moving because if you stop moving, trouble starts," he said. "People are going to beat you up, people are going to rob you. People are going to arrest you. You never want to stop moving."

"I did the whole you put your hand under your shirt thing ... I remember seeing that on 'The Godfather,'" he said. "Al Pacino he put his hand under his shirt and the people thought he had a gun. And it worked."

"I can't believe I got out," Rafati added. "I mean, you don't get out."

Rafati wrote a book called I Forgot to Die, in which he talked about finding sobriety -- and juice.

"My friend Sean, who is like this crazy yoga teacher guy, he would bring me juiced burdock root and ginger and raw macadamia nuts when I was newly sober," he said. "He sort of nursed me, like a mama bird."

And it worked. He got clean, met Haley Gorcey, who is now his girlfriend and current business partner, and they went on to create this juice empire.

"It's not just juices and smoothies and super foods saved my life," he said. "It's a healthy lifestyle saved my life."

Copyright © 2016, ABC Radio. All rights reserved.

Subscribe To This Feed

JaysonPhotography/iStock/Thinkstock(NEW YORK) -- Wall Street saw a small dip on Thursday as a pair of Internet companies shared disappointing news.

The Dow Jones Industrial Average dropped 29.65 to 18169.68.

The Nasdaq closed the day at 5215.97, down 34.3 from its open, while the S&P 500 lost 6.39 to end the session at 2133.04.

Twitter on Thursday announced that it would lay of nine percent of its worldwide workforce. The company will also shut down video sharing app Vine. Twitter has struggled to sustain growth in recent months and rumors have swirled about a possible acquisition.

Amazon shares fell by six percent in after-hours trading after the company announced revenue below analysts' expectations for the summer quarter.

There are also serious concerns over the proposed merger between AT&T and Time Warner. The Senate Judiciary Committee says it will hold a hearing over the merger in December. The main focus of the hearing is said to be the potential impact the deal would have on consumers.

Copyright © 2016, ABC Radio. All rights reserved.

Subscribe To This Feed

JOSH EDELSON/AFP/Getty Images(NEW YORK) -- Apple has unveiled the details of the new MacBook Pro, which the company is calling the "thinnest and lightest" design for the laptop ever.

The feature on the new MacBook Pro that's generating the most buzz is an interface that replaces the traditional row of function keys. Called the Touch Bar, it will "dynamically" adapt to the applications currently in use.

The newest version will also contain an updated Retina display, Touch ID, a more responsive keyboard, a larger Force Touch trackpad and an audio system "with double the dynamic range."

"The most Powerful MacBook ever," according to Apple, features a sixth-generation quad-core and dual-core processors, increasing the graphics performance up to 2.3 times better than previous generations. It will also have up to four Thunderbolt 3 ports.

The design of the MacBook pro has been upgraded as well. It features a new enclosure design and all-metal unibody construction that "creates an incredibly rigid and dense notebook" that is still thin and light, according to Apple. The 13-inch laptop weighs in at three pounds and is 17 percent thinner with 23 percent less volume. The 15-inch version is 4 pounds and is 14 percent thinner with 20 percent less volume, the company said.

Touch ID has been integrated into the power button, making it possible to pay for purchases with Apple Pay in a single touch. The updated retina display at 500 nits of brightness is 67 brighter than the previous generation.

The new MacBook Pro also will have power-saving technologies like larger pixel aperture, a variable refresh rate and more power-efficient LEDs, making the laptop's display consume 30 percent less energy than before, according to Apple.

The trackpad is 46 percent larger than before, while the more responsive keyboard will make typing more comfortable.

The 13-inch MacBook Pro starts at $1,499, while the 15-inch starts at $2,399. This week marks the 25th anniversary of Apple's first notebook, the company said.

At the event primarily focused on new computer hardware on Thursday, Apple also introduced an app that it claims will allow customers to more easily access their favorite television shows on the company's branded set-top boxes.

The company said that the app -- called simply "TV" -- gave users a unified location for accessing their movies and TV shows, as well as discovering news content that they may be interested in.

The new app will be available on Apple TV in December.

Information about where viewers stopped and started watching programs will be synced across devices, allowing them to more seamlessly switch between devices, the company said.

The company also said that it had expanded Siri, its voice-control platform, so that users could more easily tune to live sports and news programs using voice commands. These features are available now, the company said.

The company said it had developed a single sign-on method, allowing subscribers of DIRECTV and Dish Network to log in once and access content across all of their devices.

Copyright © 2016, ABC Radio. All rights reserved.

Subscribe To This Feed

Bethany Clarke/Getty Images(NEW YORK) -- Hours after announcing that it would axe about nine percent of its workforce, Twitter said Thursday that it would be putting its Vine video service on the chopping block as well.

The social network acquired Vine, a video service that allows users to share six-second videos that play on repeat, in October of 2012.

It wasn't immediately clear why the Vine app would be shut down, and Twitter didn't immediately respond to questions.

According to financial filings from last year, Twitter CEO Jack Dorsey was optimistic about Vine.

"We’ve simplified our roadmap and organization around a few big bets across Twitter, Periscope, and Vine that we believe represent our largest opportunities for growth," he said.

Twitter, which has struggled with growth in recent months, has been been in discussions with several companies about a possible acquisition.

In an announcement posted on social media platform Medium, Twitter said that the app would be discontinued "in the coming months," but that the service's website would live on "because we think it’s important to still be able to watch all the incredible Vines that have been made."

The company said it would be sharing more details about the closure in the future.

Shortly after the announcement, Rus Yusupov, one of the creators of Vine, tweeted a message.

Don’t sell your company!

— Rus (@rus) October 27, 2016

Copyright © 2016, ABC Radio. All rights reserved.

Subscribe To This Feed

ABC News(NEW YORK) -- It all started with a t-shirt.

In 1993, Marc Ecko launched his brand, ecko unltd, creating shirts that gained attention with unique street style blending graffiti, skateboarding and hip-hop and eventually growing into a billion-dollar fashion and lifestyle brand.

Almost a decade later, Ecko realized there weren't any media platforms serving that same audience. So, in 2002 he created Complex, a print magazine that catered to male millennials and was later expanded into a digital brand with the help of Rich Antoniello, who now serves as CEO.

Now, Complex Media includes more than 110 websites with 50 million unique users each month. They've been listed as one of the most valuable Internet startups, winning awards for their original content and constantly growing their digital publications for niche audiences. Earlier this year, Verizon and Hearst bought Complex Media, valuing the company between $250 million and $300 million.

Both veterans of the media landscape, Ecko and Antoniello shared what they see as the future of unique content on a recent episode of Real Biz with Rebecca Jarvis. To stand out in what seems like a constant stream of uploads, here are three ways they believe a brand can reach its audience:

1. Intimacy

In a world full of 'influencers,' both Antoniello and Ecko agree: it's better to be unique. Instead of trying to create for the masses, create for the individual and make the experience feel singular.

"I think there's a lack of intimacy in the market now, I think that it creates a lot of opportunity," said Ecko. "If you could sort of break through the claustrophobic veneer of digital media and create an intimate relationship, it needn't be measured by being the biggest today."

For anyone seeking 'Insta-fame,' Antoniello asks the question:

"Throwing a hashtag up with a brand on top of an Instagram photo, how much value are you really getting there?"

2. Adaptation

One of the keys to Complex's success has been the brand's ability to adapt to changing tastes and media landscapes.

"You used to just build an audience and you'd be popular, you'd have it for 5-7 years to monetize it, maybe even 10," Antoniello said. "Now you've got really 18-24 months whether you slowdown in audience, or slowdown in revenue."

Keeping up with trends is more accessible than ever with social media and easy-to-read analytics: 'likes' and numbers of views under social post show how and where audiences are engaging with content.

"We just keep shedding our skin," said Ecko.

In other words: those who rest are those who rust.

3. Risk

"Everybody likes to be like, 'Well you're the Uber of this, it's close to that model, it makes me feel comfortable,'" Antoniello said.

Instead of looking at someone else's success and trying to emulate their method with your own idea, be bold and venture down an unknown path.

"It's the people that take the step outs that are the ones that have long term success, that create, that are the disruptors," he said.

That may sound too obvious and simple and raise the question,"Why doesn't everyone do that?" But, Ecko said, the reason he thinks it's rare is, "That's creatively scary."

Copyright © 2016, ABC Radio. All rights reserved.

Subscribe To This Feed

ABC News(WASHINGTON) -- Donald Trump's oldest children opened up about their views of the family business in light of the latest Trump hotel property that officially opened this week in Washington, D.C.

"I've been joking for a while that when we started even just this project, we said Trump was coming to Pennsylvania Avenue," Ivanka Trump, 34, told ABC News of their new hotel, which is blocks from the White House. "And we didn't even know at the time what exactly that meant."

Donald Trump Jr., 38, joked that his father was going to get to the storied neighborhood "one way or the other."

Despite reports of flagging foot traffic at Trump properties, Eric Trump said, "we have the hottest brand in the world right now."

Donald Trump reiterated Eric's sentiments, but called that a lesser concern of his right now.

"I think the brand is hotter than it's ever been,” the Republican presidential nominee said during the group's interview with ABC News' George Stephanopoulos. “But it doesn't matter to me. I don't care. It doesn't matter. I don't care about the brand. I care about the country. And fixing in this country.”

Donald Jr., Ivanka and Eric, 32, who are all senior vice presidents at The Trump Organization, told Stephanopoulos that they plan to continue to work for the company rather than the government even if their father wins the presidency. And soon, they may have another family member to add to the roster.

Tiffany Trump, 23, who just graduated from college in May, said, "of course, I'm interested" in joining the family business.

"I'm applying to law school, though, so I'd like to bring a different kind of skill set to the company,” she told Stephanopoulos. “But we'll see what happens in the future. But they work so hard and it really, really is inspiring to see.”

Copyright © 2016, ABC Radio. All rights reserved.

Subscribe To This Feed

Spencer Platt/Getty Images(NEW YORK) -- Donald Trump has drawn large crowds on the campaign trail with his populist rhetoric, but the more controversial aspects of his campaign may have done more to blemish than burnish his namesake brand, some experts say.

The Republican presidential nominee took a break from the trail Wednesday to mark the opening of Trump International Hotel. Trump said at the opening ceremony that it is “with the notable exception of 1600 Pennsylvania Avenue ... the most coveted piece of real estate in Washington, D.C."

The newly-opened hotel may serve as a test case for whether the brand he bestows on properties around the world may be boosted or hamstrung by his often controversial bid for the White House.

“There has never been a big separation between the corporate brand and his personal brand,” said Alfredo Fraile, managing director for the Americas at Saffron Consultants in Miami.

Fraile and other experts told ABC News that the lack of daylight between Trump the man and Trump the brand could potentially hurt his business ventures.

Trump is, “basically a personality-led brand,” said Mark Radda, a brand strategist in Cambridge, U.K. “The thing about Donald Trump is that he’s much more explicit about what the brand is, and as soon as you start changing the perceptions that people have about you, you start to change people’s perceptions about the brand.”

While political campaigns are often polarizing, Trump’s campaign has been remarkable in the controversy it has generated over the past 16 months.

“I think that people are going to be having second thoughts,” Fraile said of potential customers. “If they don’t agree with his position in terms of politics, they might think about going to one of his competitors, rather than one of his hotels.”

Fraile’s hypothesis can be backed up by data from Foursquare, a social media company that tracks users’ “check-ins” at businesses.

Earlier this month, the company reported that visits to Trump-branded hotels, casinos and golf courses in the U.S. were down 19 percent in September 2016 versus the same month in 2014.

A Trump Hotels spokesperson told Travel Leisure magazine for an Oct. 21 article that the data from Foursquare and other sources "is manipulated to appear meaningful, when, in reality, the information is inconsequential and does not provide an accurate representation of our performance."

However, the social media company’s data is supported by research done by Will Johnson at BAV Consulting, a brand research firm.

"Particularly among higher-income consumers, those making more than $150,000 to $200,000 per year, you’ve had very sharp declines in things like prestige, trust, esteem -- how highly do they regard him," Johnson told ABC News of the effects of the campaign, adding that those indicators are "the kind of key attributes for his luxury hotels, golf courses -- things that are drivers for consideration of those brands.”

“That’s the irony. The brand has historically targeted those highly-affluent consumers, and those have been most alienated by the campaign,” Johnson added.

Matt Quint, director of the Center on Global Brand Leadership at Columbia Business School in New York, said that “it’s hard to separate Trump now from the mean-spiritedness that he has had during the campaign.”

Traditionally, Quint explained, people were divided between being fans of Trump or apathetic towards him, “whereas now they are people who are actually antagonistic."

While the Trump brand may remain alluring to his supporters or those left unfazed by the bombast of election 2016, a negative result on Election Day could cause the Trump name to lose luster, according to experts interviewed by ABC News.

Sam Hornsby, managing partner at the Flamingo Group, a brand consultancy in New York, said that the GOP presidential nominee has eroded the Trump brand equity -- the value derived from brand perception.

“What you have here now are changing equities from things like ‘success,' ‘performance’ and ‘winning' to the inclusion of new associations such as ‘scandal,' ‘bigotry’ and -- depending on the outcome of Nov. 8 -- actually ‘losing.' So, the overall impression of the brand in terms of its equities has actually changed through this campaign,” Hornsby said.

And if he were to lose on Election Day, the brand could suffer even worse.

“The [Trump] name itself means essentially to win something over someone,” he said. “If you look at the way the election is playing out now, where there’s a potential scenario for the meaning of the word to become completely inverted, we can see a situation where ‘to get Trumped’ means to lose significantly.”

If Trump loses the election, there's even a possibility that the phrase becomes an Internet meme on sites like Urban Dictionary or on social media, Hornsby said.

“Through the campaign, he’s brought all of his personal quirks and eccentricities to the Trump brand. And as a result, that has made the brand more personal, and therefore more susceptible to consumer scrutiny,” he explained. “Before, it stood with something a little more abstract -- perhaps a lifestyle.”

If Trump’s brand does indeed become tarnished, it could hit his bottom line, experts said.

“Globally, licensing his brand in the future is going to be a challenge,” Quint said. “I’d be surprised if he’s as successful in the future.”

But the experts also said that Trump could still remain a very successful businessman even if he were to lose the election.

“A lot of his supporters are going to buy into the idea that the election was ‘rigged,' so they’re not going to see him as a loser now," Quint said. "He was cheated out of success, they’ll think.”

Depending on what Trump does after the election, there's an opportunity "for the Trump Brand, and for his children running the brand, to become something new if Donald Trump chooses to step away from being a massive personal brand on the media landscape,” Quint added.

Radda, the U.K.-based brand consultant, said that if Trump were to lose the election and his brand were to suffer, he would “need to look at whether he should tone down the way his brands are named -- whether the Trump name should be so prominent.”

Hornsby agreed, saying that one solution would be to create sub-brands under the Trump umbrella.

The seeds for that may already have been sowed.

Late last month, the Trump Organization announced a new brand for a collection of properties around the globe: Scion, "which means ‘descendant of a notable family,'" the announcement said.

Copyright © 2016, ABC Radio. All rights reserved.

Subscribe To This Feed

Zoonar/Thinkstock(NEW YORK) -- Hollywood and Halloween have long gone hand in hand, with popular costumes inspired by some of Hollywood's top box office hits and celebrities over the past three decades.

Back in 1983, Princess Leia's iconic gold bikini captured the attention of everyone who saw Star Wars Episode VI: Return of the Jedi, and immediately became a hot Halloween costume of choice.

One year later, the horror film A Nightmare on Elm Street produced one of Hollywood’s, and Halloween’s, most frightful characters: mass murderer Freddy Krueger.

In 1988, costumers donned long black wigs in a nod to horror hostess Elvira in the comedy Elvira: Mistress of the Dark.

The early '90s prompted kids to kick butt and dress like their favorite TV show counterparts from Sailor Moon, Power Rangers and Teenage Mutant Ninja Turtles.

From glow-in-the-dark to streaked with blood, variations of the mask from Scream went on the market after the film hit theaters in 1996.

Star Wars made a comeback in 1999, after Natalie Portman’s portrayal of the young Queen Amidala in Star Wars Episode I: The Phantom Menace.

By the millennium, everyone wore velour suits and said, “Yeah baby,” as the second Austin Powers film, The Spy Who Shagged Me, boosted the character’s popularity.

Scallywag Captain Jack Sparrow made his film debut in 2003’s Pirates of the Caribbean: The Curse of the Black Pearl and out on the streets on Halloween.

Lady Gaga’s over the top looks, from her music videos to her walks on the red carpet, gave costumers lots to choose from as they channeled their inner "monster" and her unique apparel in 2010.

MTV's hit reality show Jersey Shore, led to a "GTL" (Gym Tan Laundry) themed 2011. Fans of the show emulated Snooki, Mike “The Situation” and the rest of the crew.

Disney princesses and other characters have long been represented by little kids on Halloween, and 2014 saw an incredible amount of Frozen-inspired Princess Anna and Princess Elsa costumes.

Copyright © 2016, ABC Radio. All rights reserved.

Subscribe To This Feed

Pinkypills/iStock/Thinkstock(NEW YORK) -- Samsung is promising to climb out of the financial doldrums after being rocked by a crisis over the fiery Note7 smartphone.

In financial filings made public on Wednesday, the company revealed that its third quarter (ending Sept. 30) profit was down 30 percent year-on-year, "due to the Galaxy Note7 discontinuation,” as well as the strength of the South Korean currency relative to other currencies.

The company made about $4.57 billion USD in profit this quarter.  That was down from about $6.49 billion during the same period last year.

The company vowed to make a comeback.

"Regarding the mobile business, the company will focus on expanding sales of new flagship products with differentiated design and innovative features, as well as regaining consumers’ confidence,” the company said in a statement released on Wednesday night.

The company dispelled concerns that concerns over the safety of the Note7 may have negatively affected sales of other (safe) models, saying that non-Note7 sales remained solid.

"The Mobile business saw its earnings decrease significantly [quarter over quarter] due to the effects of the discontinuation of the Galaxy Note7,” it said. "However, smartphone shipments remained solid due to continued stable sales of its existing flagship devices, including the Galaxy S7 and S7 edge, and steady growth in the mid-tier Galaxy A and J series."

Among other strategies, the company said it would focus on achieving “solid” earnings growth in 2017 through "through normalization of the mobile business.”

"The mobile business expects a recovery in its earnings to a similar level with that of the fourth quarter of 2015, led by solid sales of the Galaxy S7 and S7 edge,” the company said.

Copyright © 2016, ABC Radio. All rights reserved.

Subscribe To This Feed

Don Emmert/Getty Images(NEW YORK) – Microsoft unveiled a number of new products at an event in New York City on Thursday.

The company rolled out a new Surface Book computer, calling it “the ultimate laptop” in addition to a whole new Microsoft PC called the Surface Studio.

The desktop computer, meant for professionals, features what the company says is the thinnest LCD monitor ever built. It also has an aluminum enclosure and touch-screen capabilities.

The company says “limited quantities” of the Surface Studio will be available for the holiday shopping season.

Copyright © 2016, ABC Radio. All rights reserved.

Subscribe To This Feed

ABC News(WASHINGTON) -- It’s a joke Donald Trump has made often.

"I always said I'm getting to Pennsylvania Avenue one way or another, so here I have!" Trump said in Sanford, Florida on Tuesday.

Indeed, on Wednesday he left his run-through of battleground states for a stop in the city where he hopes to reside. He officially opened his new hotel, Trump International, in an old post office in Washington D.C.

"Today is a metaphor for what we can accomplish for this country. Same kind of thing. This building is a historical landmark, a true American original. It had all of the ingredients of greatness, but it had been neglected and left to deteriorate for many, many decades," Trump said, flanked by his three eldest children.

It is yet another example of the Republican nominee mixing business with presidential -- a phenomenon becoming more common as the election nears its close.

The hotel opening in the nation's capital had not been billed as a campaign event -- technically he was there as the owner. But Trump couldn’t help reverting to campaigning, at times lapsing into his stump speech, attacking Obamacare and the underfunding of the Department of Veteran’s Affairs.

The mix has gone both ways.

On Tuesday, the campaign hastily summoned the press to Trump National Doral golf course near Miami, Florida. Trump took the stage and began to tout the architecture of the course.

"So we are very proud of this," he said. "We could have renovated the inexpensive way with paint, but instead we ripped it down to the steel, rebuilt Doral. Even if you look at the ballroom, that's a brand new ballroom that didn't exist. We took it down to the absolute steel."

At the event, Trump was flanked by employees who took the stage when called to deliver glowing reports about the Republican nominee. As the multicultural group spoke, Trump joked with one employee, "This guy better say good or else I’ll say 'You’re fired,' I’ll say, 'Who is that guy?'"

A Latino employee said that it was an honor to work for Trump and that he supports him completely.

"And I didn’t pay you to say that right?" Trump said. But, of course, since the man is an employee, Trump had.

Trump was also eager to remind everyone there that before he was a politician, he was a businessman. If the election doesn't go his way, he'll be one after Nov. 8, as well.

Copyright © 2016, ABC Radio. All rights reserved.

Subscribe To This Feed

iStock/Thinkstock(NEW YORK) — Has an airline ever lost your baggage? Now there may be a new way to make sure your checked bags make it to your destination when you do.  

Delta is developing new tracking technology that will allow you to follow your baggage through the company’s mobile app. Watch the video below to learn more.

ABC Breaking News | Latest News Videos

Copyright © 2016, ABC Radio. All rights reserved.

Subscribe To This Feed

Apple(CUPERTINO, Calif.) — Apple’s profits are on the decline. Despite the introduction of the company’s iPhone 7, Apple posted a 3 percent loss in the last quarter.

Watch the video below for more.

ABC Breaking News | Latest News Videos

Copyright © 2016, ABC Radio. All rights reserved.