(NEW YORK) -- Are two screens better than one? Russian mobile device company Yota Devices hopes so, as its first 4G smartphone includes displays on both the front and back of the phone. The new Android, called YotaPhone, is currently only available in a few European countries.
"YotaPhone combines a smartphone and e-reader into one device," said Yota Devices CEO Vlad Martynov in a statement. The front has a typical 4.3-inch LCD display, just like any iPhone or Samsung phone. But its second display looks more like Amazon's Kindle e-reader: black and white graphics and text atop a light gray background.
"You can save images and information ...Read more
(NEW YORK) -- Stocks again suffered losses Thursday, with the Dow Jones Industrial Average dropping for the fifth session in a row -- the first five-day losing streak since September.
The Dow closed down 68 points at 15,821.51. The Nasdaq Composite gave up 5 points for the day to close at 4,033.16. The S&P 500 fell 8 points, closing at 1,785.03.
Despite recent losses, the markets are still way up for the year.
If you're looking for work, there are signs that it could be easier to find one. The Labor Department says the number of people who filed for unemployment benefits dropped again last week for ...Read more
(NEW YORK) -- Any time you logged into Facebook, Google, Twitter, or a host of other popular web services the past month, there may have been a hacker peering over your digital shoulder, sneaking a peek at your password.
The information security company Trustwave has revealed that the passwords to 2 million different accounts have been compromised. The malware program Pony forwarded the vast majority of the passwords to a central server in the Netherlands.
John Miller, security research manager at Trustwave, said that the hack wasn't due to a flaw in any of those company's servers. "It was the individual users' computers that had the ...Read more
(WASHINGTON) -- The U.S. economy grew at a rate of 3.6 percent from July through September, up from the original estimate of 2.8 percent.
The revised third quarter report, released by the Commerce Department on Thursday, shows more than half of that growth came from a buildup in business stockpiles.
“The reality is, the number rose because of inventories increasing,” said Matt Nesto of Yahoo Finance.
“Inventories go up for two reasons,” Nesto explained Thursday in an interview with ABC News. “Businesses build their inventories because they don’t want to get behind if they see good things or because ...Read more
(WASHINGTON) -- Jobless claims wrapped up the month of November by falling below 300,000 last week, the Labor Department reported on Thursday.
For the week ending Nov. 30, the number of people filing for benefits dropped by 23,000 to 298,000. The previous week, claims stood at 321,000.
The four-week average also went down, decreasing by 10,750 to 322,250.
Americans will get a better picture of how the job market fared last month when the Labor Department releases its monthly employment report at 8:30 a.m. ET Friday.
On Wednesday, payroll company ADP released a survey showing that 215,000 jobs were added ...Read more
(NEW YORK) -- Fast food workers across the country will be holding protests on Thursday, demanding higher wages.
Protesters say a typical cashier or cook makes less than $19,000 a year -- about $1,000 below the poverty line for a family of three. They want the minimum wage more than doubled from $7.25 an hour to $15.
President Obama agrees with raising the minimum hourly pay for those on the bottom rungs of the economic ladder "who work their tails off and are still living at or barely above poverty."
But so far, he has only endorsed raising the minimum wage to $9 or $10 an hour. The fast food industry argues that would
(NEW YORK) -- With the Affordable Health Care Act, job opportunities in the health care industry are growing, and CareerCast.com has created a list of the hottest jobs in the sector.
"More insured people means an increase in the need for different types of health services, ranging from direct care to research and maintenance of medical records," says Tony Lee, publisher of CareerCast.com.
But Lee cautions that demand will vary by region, and job hunters should be wary of overly competitive markets, such as New York City. ...Read more
(NEW YORK) -- Are two screens better than one? Russian mobile device company Yota Devices hopes so, as its first 4G smartphone includes displays on both the front and back of the phone.
The new Android, called YotaPhone, is currently only available in a few European countries.
"YotaPhone combines a smartphone and e-reader into one device," said Yota Devices CEO Vlad Martynov in a statement.
The front has a typical 4.3-inch LCD display, just like any iPhone or Samsung phone. But its second display looks more like Amazon's Kindle e-reader: black and white graphics and text atop a light gray background.
(NEW YORK) -- A report on the loans college students take out to get an education shows a wide disparity in the debt owed, depending on what schools are attended and the areas of the country where they're located.
According to an estimate from the Institute for College Access and Success, just over seven in 10 U.S. students take out loans with the average debt of $29,400. Delaware had the highest debt per borrower at $34,000 with New Mexico the lowest at $18,000.
Meanwhile, the report also lists the huge differences in the amount of money borrowed. At Anna Maria College and Wheelock College in Massachusetts, the average ...Read more
(NEW YORK) -- Google must have thought that it didn't have enough on its sci-fi to-do list. In addition to Google Glass and the Google self-driving car, the Internet giant still has enough time and money to create its own robot division.
The unnamed robot initiative will be led by former Android CEO Andy Rubin.
But this robot division won’t be completely built from scratch. Over the past six months, Google has acquired several companies that specialize in various robotics fields. Industrial Perception focuses on robotic arms that specialize in handling packages, while other companies such as Schaft and Meka ...Read more
(NEW YORK) -- U.S. stocks came off their lows Wednesday after the Fed's latest look at the economy.
The Dow Jones Industrial Average closed down 25 points at 15,889.77. The Nasdaq Composite rose a fraction of a point to 4,038.00. The S&P 500 fell 2 points to 1,792.81.
The Federal Reserve says the economy held steady during the government shutdown, with modest growth from October through late November. The central bank isn't saying when it will reduce its monthly bond purchases, which have been supporting the financial markets.
Payroll processor ADP says businesses last month added the most ...Read more
(WASHINGTON) -- By 2016, Washington, D.C.'s hourly workers could be among the best paid in the country. Tuesday the D.C. Council unanimously approved a bill to raise the city's minimum wage to $11.50/hour in the next two years.
President Obama applauded the action, and the similar steps taken by New Jersey last month. In his economic address Wednesday, the president called for action to increase the minimum wage, which has remained at $7.25/hour for four years.
"A broad majority of Americans agree we should raise the minimum wage. That's why last month voters in New Jersey decided to become the 20th state to raise theirs even higher. ...Read more
(NEW YORK) -- Microsoft co-founder Paul Allen is the world's wealthiest bachelor with a net worth of $15.3 billion, according to Wealth-X, a firm that researches ultra-high net worth individuals.
Allen, who has never married, is founder of Vulcan Capital and owner of football team the Seattle Seahawks and basketball team the Portland Trail Blazers.
The richest 10 single billionaires have an average age of 54.5. The youngest bachelor in the list is 31 years old: Scott Duncan, who is worth $5.3 billion and is son of the late energy mogul Dan Duncan.
Here is a list of the 10 richest bachelors in the world:
1. ...Read more
(NEW YORK) -- Anyone who's hooked up a USB device to their computer knows it can be a slightly irritating process. You switch between sticking it in upside down and rightside up, jiggling it around until it finally goes into its slot. But that concern could become a ghost of technology past.
The USB 3.0 Promoter Group announced that a new connector, USB Type-C, is being developed.
"We recognize the need to develop a new connector to meet evolving design trends in terms of size and usability," Brad Saunders, chairman of the industry standards group, said in a statement. "The new Type-C connector will fit well with the market's direction ...Read more
(NEW YORK) -- Women for Women International (WfWI) Tuesday honored two of the most powerful women in America -- Facebook COO and WfWI Board Member Sheryl Sandberg and former Secretary of State Hillary Rodham Clinton. WfWI works with socially excluded women in eight countries where war and conflict have devastated lives and communities. Their mission is to empower victims of war-based rape and torture to rebuild their lives and their communities.
“The best way to save a child’s life is to empower the mother,” said WfWI CEO Afshan Khan in an interview with ABC News. Khan said Clinton was chosen as WWFI’s ...Read more