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GM Recalls 7,500 Patrol Cars over Transmission Issue

GM Recalls 7,500 Patrol Cars over Transmission Issue

Joe Raedle/Getty Images(NEW YORK) -- General Motors is recalling more than 7,500 Chevrolet Caprice sedans from model years 2011 to 2013 over an issue with the transmission.The vehicles, which were sold to police departments as patrol cars, come equipped with a transmission selector lever that contains two pins."If the pins get displaced," the National Highway Traffic Safety Administration explains on its website, "the driver may be able to shift the vehicle from 'Park' without depressing the brake pedal or remove the ignition key without the transmission being in 'Park.'"If either scenario were to happen, the vehicle could start moving, increasing the risk of a crash.So far, GM says it is aware of one crash but no injuries or deaths.A service kit is being shipped to dealers and will be available to affected owners free of charge.

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Delta Customers Report Trouble Booking Flights, Checking In

Delta Customers Report Trouble Booking Flights, Checking In

iStock Editorial/Thinkstock(NEW YORK) -- Customers trying to check in or book flights with Delta Air Lines on Tuesday had trouble doing so because of a computer issue.The carrier says the problem, which lasted for a couple of hours, affected its mobile app and website."The issue was related to a hardware failure which required immediate maintenance," Delta said in a statement.

The problem has since been resolved.During the downtime, passengers were still able to check in at airport kiosks and book travel over the phone.Delta said the issue did not delay any flights.

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One More Death Linked to GM’s Faulty Ignition Switches

One More Death Linked to GM’s Faulty Ignition Switches

General Motors(NEW YORK) -- One more death has been linked to General Motors' faulty ignition switches.Ken Feinberg's latest report shows 24 deaths are now eligible for a claim. Last week, Feinberg, the independent administrator of GM's compensation program, reported 23 deaths.GM intially estimated that at least 13 deaths resulted from its defective ignition switches.The automaker hired Feinberg to pour through death claims from families whose loved ones died in accidents they believe were caused by the problem. So far, he has received 165 claims. Compensation for each confirmed death claim will be at least a million dollars.The overall compensation program, which launched on Aug. 5, is open for submission until Dec. 31 through GMIgnitionCompensation.com.

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Life After Myspace: Co-Founder Chris DeWolfe’s Latest Project

Life After Myspace: Co-Founder Chris DeWolfe’s Latest Project

Jeffrey Mayer/WireImage(NEW YORK) -- There are high school reunions and family get-togethers, but do some of tech's greatest duos ever talk about old times?After selling Myspace to News Corporation for $580 million, co-founders Chris DeWolfe and Tom Andserson were able to take their new windfall and put it toward new adventures."From time to time we do [keep in touch]," DeWolfe told ABC News. "We don't cross paths as much as I think we would like. I haven’t seen him for a while because he is always somewhere else."Anderson has become a bit of a "nomad" -- traveling the world and building an impressive portfolio of landscape photography.For DeWolfe, who launched Myspace with Anderson in 2003 as a place for friends to connect and discover music, life after the social network has been spent building a new empire, the Social Gaming Network (SGN).With surging success in mobile gaming, DeWolfe has branched out into a new partnership with Fox to produce a mobile companion game that will be released simultaneously alongside the upcoming film The Book of Life. The deal is one of the first with a major studio."The mobile gaming business has gotten so big that the top games can gross as much as a blockbuster movie," DeWolfe said.He pointed to "Kim Kardashian Hollywood," which some have estimated could gross $200 million, as one example of a mobile game success story.The game, called "Book of Life: Sugar Smash," will offer in-app purchases, which will allow Fox to develop a new revenue stream that will also be shared with SGN, DeWolfe said.The movie boasts a star-studded cast, including Channing Tatum, Christina Applegate and Zoe Saldana, along with the whimsical touch of producer Guillermo del Toro.“It's super beautiful and something you'd expect from Guillermo del Toro," DeWolfe said. "That’s what attracted us to the project."He said the game was built using existing art and sound from the movie, allowing the developers to incorporate some of the film's memorable lines into key moments in the game.As DeWolfe sees it, the partnership is a win-win for both companies and a model for the future of mobile gaming."If I see a game that is associated with something familiar, and has great art, I'm more likely to download it," he said.

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Drivers Want More Money to Shuttle Facebook Employees

Drivers Want More Money to Shuttle Facebook Employees

Justin Sullivan/Getty Images(MENLO PARK, Calif.) -- Think everybody associated with Facebook is happy as a clam? Not if you're a shuttle bus driver.Given how expensive it is to live in Silicon Valley, drivers complain that they're vastly underpaid and under-compensated for taking Facebook workers to where they have to be.Now, there's pressure on Loop Transportation, which employs the shuttle drivers, to allow their workers to unionize.Among the complaints is that some drivers are on split shifts and often wait hours unpaid to bring Facebook workers back to their homes in San Francisco.According to the Teamsters Union, most of the 45 drivers have asked the organization for union representation.The Teamsters also want Facebook founder Mark Zuckerberg to back the drivers' push for higher wages and better hours.

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Wealthier Americans Giving Smaller Portion of Earnings to Charity

Wealthier Americans Giving Smaller Portion of Earnings to Charity

Wavebreakmedia Ltd/Thinkstock(NEW YORK) -- Wealthy Americans gave less money to charity in 2012 than they did in 2006, while those in the middle- and lower-class actually increased their share of donations in that timeframe, according to a report from The Chronicle of Philanthropy.The Chronicle found, using IRS data, that those Americans making $200,000 per year or more, gave 4.6 percent less to charity in 2012 than in 2006. During that same time frame, those making under $100,000 gave 4.5 percent more. The Chronicle does note, however, that wealthier Americans may have given a small percent, but they also gave a higher total figure in 2012, giving $77.5 billion, $4.6 billion more than in 2006.The most generous state in the nation, according to the Chronicle, is Utah -- where residents donated $65.60 for every $1,000 they made. Resident in New Hampshire ended up on the other end of the spectrum, giving just $17.40 for every $1,000 earned.Also of note, 36 of America's 50 largest cities experienced a decline in the rate of giving -- though not necessarily the total amount donated.

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Redbox Instant Streaming Service to Shut Down Tuesday

Redbox Instant Streaming Service to Shut Down Tuesday

Photo by Justin Sullivan/Getty Images(NEW YORK) -- Redbox Instant, a program that aimed to be a competitor to Netflix, will cease operation on Tuesday, Redbox said. In a message to customers posted on the Redbox site, the end of the service was announced as Tuesday at 11:59 p.m. Pacific Time. Customers, the message said, will receive information on applicable refunds.Until the cutoff time, customers should still be able to utilize Redbox Instant.Redbox's streaming service launched in 2013 and was powered by Verizon. Users paid $6 per month, according to Time magazine, and an extra $2 if they wanted to rent up to four DVDs.

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Average Gas Prices Down More Than Five Cents

Average Gas Prices Down More Than Five Cents

FeelPic/iStockphoto/Thinkstock(NEW YORK) -- Gas prices fell by more than a nickel from last week, the U.S. Energy Department said Monday.According to the U.S. Energy Information Administration, the national average cost of a gallon of regular gas is $3.299 this week, down from $3.354 last week. That figure represents a 5.5 cent dip from last week, and a total of 6.8 cents lower than this date last year.Gas continues to be cheapest in the Gulf Coast -- $3.109 per gallon -- and most expensive on the West Coast -- $3.61 per gallon. California is once again the most expensive state in which to buy gas, with the average gallon costing $3.666.

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Turner Broadcasting to Cut 10 Percent of Work Force

Turner Broadcasting to Cut 10 Percent of Work Force

AndreyPopov/iStockphoto/Thinkstock(NEW YORK) -- On the same day the company announced a deal to continue carrying National Basketball Association games, Turner Broadcasting announced 10 percent of its work force.Turner, the parent company of CNN, TBS, and TNT announced Monday that it would eliminate about 1,475 jobs out of its 14,000 full-time employees. Those cuts, "will come at all levels from across the company's news, entertainment, kids, young adult and sports networks and businesses, as well as corporate functions, in 18 Turner locations around the world," a statement read.The cuts come as part of a, "comprehensive initiative and company reorganization to focus resources and prioritize investment in programming, monetization and innovation as near- and long-term drivers of growth."

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Markets Post More Losses as October Slide Continues

Markets Post More Losses as October Slide Continues

tarabird/iStockphoto/Thinkstock(NEW YORK) -- After a strong day of gains on Friday, the markets began the new week on a downward slide Monday.The Dow Jones Industrial Average dropped 17.72 to fall back below 17,000, finishing the day at 16,991.97.The Nasdaq closed at 4,454.80, a slide of 20.82 from Monday's open, while the S&P 500 dipped 3.06 to 1,964.84.Over the weekend, General Motors announced additional recalls, bringing the total number of cars under recall to nearly 30 million worldwide.

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Hewlett-Packard Splitting Its Business in Two

Hewlett-Packard Splitting Its Business in Two

Justin Sullivan/Getty Images(PALO ALTO, Calif.) -- Hewlett-Packard announced on Monday it is splitting into two separate companies in an effort to boost productivity.Its personal computer and printing business will break off into one company, which will be called HP Inc. and maintain the current logo. The remaining business will be called Hewlett-Packard Enterprise and will include the company's technology products, including data storage, servers and software.Weak sales, a 2012 reorganization and tens of thousands of layoffs later, Hewlett-Packard CEO Meg Whitman said the split was necessary to strengthen the business."It will provide each new company with the independence, focus, financial resources, and flexibility they need to adapt quickly to market and customer dynamics, while generating long-term value for shareholders," Whitman said in a statement. "In short, by transitioning now from one HP to two new companies, created out of our successful turnaround efforts, we will be in an even better position to compete in the market, support our customers and partners, and deliver maximum value to our shareholders."The split will have to be approved by Hewlett-Packard's board and won't likely happen until the end of next year. Shareholders will own a stake in both companies.Once complete, both companies will be able to enjoy a competitive advantage in their respective areas and pursue interests they never had the freedom to while together, according to the company.Boosted by the profitability of its computing and printing business, company officials said the leaner Hewlett-Packard be able to focus even more so on innovation. The company will have the cash flow to explore emerging technologies and make strategic investments in areas such as 3-D printing, according to HP's statement.The split will allow the newly named Hewlett-Packard Enterprise to become a "simpler, more nimble partner" to its corporate customers, the company said. It is also expected the separation will reduce debt at the operating company level, allowing HP Enterprise the freedom to make investments in next-generation areas that could help drive future business.Whitman will become president and CEO of Hewlett-Packard Enterprise and will remain chairman of the board of HP Inc. Dion Weisler will assume the duties of president and CEO of HP Inc. once the split is official.

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Ring Allegedly Stole Identities, Went Shopping at Saks Fifth Avenue

Ring Allegedly Stole Identities, Went Shopping at Saks Fifth Avenue

Scott Olson/Getty Images(NEW YORK) -- The explosion of identity theft has hit one of the world’s premier luxury department stores.Five people have been indicted in a scheme to use stolen personal information from Saks Fifth Avenue customers to buy hundreds of thousands of dollars-worth of high-end handbags and shoes from the Manhattan, New York flagship store that were later resold on the black market or returned for a store credit.Most of the theft involved designer brands like Christian Louboutin, YSL and Givenchy purchased from the Saks shoe floor, so famous it has its own zip code.“American consumers have never been at greater risk from commercial retail fraud and theft,” said James Hayes, special agent in charge of Homeland Security Investigations' New York field office.This time, though, the crime did not involve hackers or skimmers but mainly sales associates, prosecutors said.“This identity theft ring was allegedly able to walk away with hundreds of pairs of shoes and bags due to the help of store employees," said Manhattan District Attorney Cy Vance.Between April and September, Vance said, an alleged ringleader stole credit card data from nearly two dozen Saks customers and shared it with several sales associates.The suspects face a range of charges including grand larceny.According to court records, the sales associates used the stolen personal information to look up account numbers and purchase luxury goods that the alleged ringleader pre-selected from designer brands.In some instances, prosecutors said, the alleged ringleader recruited phony shoppers to pick up the goods from the sales associates and drop them off to her at hair salons or gas stations. Sometimes, the merchandise was returned for store credit used to pay off those in on the scheme.Vance blamed the ring for 91 transactions involving $400,000-worth of fraudulent purchases.

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Hilton Selling Waldorf Astoria New York for Nearly $2 Billion

Hilton Selling Waldorf Astoria New York for Nearly $2 Billion

GordonBellPhotography/iStock Editorial/Thinkstock(NEW YORK) -- The Waldorf Astoria New York is one of the most iconic hotels in the world. It's where American presidents stay in New York, where the U.S. ambassador to the United Nations lives and where the most American of salads was created.But now, the legendary hotel is being sold to a Chinese investor -- the Anbang Insurance Group -- for $1.95 billion.Hilton, which bought the property in the 1970s, will continue to manage the property under a 100-year agreement. It will use the proceeds of the sale to buy other hotels."We are very excited to be entering into this long-term relationship with Anbang, which will ensure that the Waldorf Astoria New York represents the brand's world-class standards for generations to come. This relationship represents a unique opportunity for our organizations to work together to finally maximize the full value of this iconic asset on a full city block in midtown Manhattan," Christopher Nassetta, Hilton Worldwide president and CEO, said in a statement Monday.

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Hotel’s ‘Million Dollar Wedding’ Costs Exactly That

Hotel’s ‘Million Dollar Wedding’ Costs Exactly That

W South Beach(NEW YORK) -- Brides to be take note: If cost cutting isn't really your thing, the W South Beach has a million-dollar wedding package for you.The million-dollar moniker isn't just a catchy name though. It actually costs $1 million.And it includes a lot -- things you probably wouldn't find at a half-million dollar wedding, like private butlers and a five-star honeymoon in Bora Bora.It all starts with a four-night pre-wedding getaway in South Beach, Florida, complete with a sea plane ride to a 122-foot yacht for cocktails at sunset, followed by a five-course menu served by candlelight on the Atlantic Ocean. Another night, have a romantic dinner at the on-property Mr. Chow.The hotel’s luxe Cool Corner and Marvelous suites will be the bride- and groom-to-be's rooms, respectively, each featuring floor-to-ceiling windows with panoramic water views and private wrap-around balconies.On the day of the wedding, personal butlers for both the bride and groom will be on hand to "cater to the couple’s every need." The day starts off with spa treatments at Bliss Spa, and mothers of the bride and groom will get hair and makeup done too. For the ceremony, the couple will have a choice of backdrops, from GROVE, the hotel’s lush outdoor garden or the backdrop of the Atlantic Ocean with a beach ceremony.The reception: a cocktail hour followed by a seated dinner for up to 150 guests, featuring menu items of The Dutch, Andrew Carmellini's award-winning American restaurant at W South Beach, plus a custom-designed cake to be presented just before guests take to the dance floor in 2,163-square-foot Great Room. Choose from a seven-piece band or DJ. For fun, there's a fashion photo booth.Wedding evening accommodations are in the hotel's Penthouse, with beach and city views as well as a private rooftop plunge pool.Then it's off to the honeymoon at the St. Regis Bora Bora, which will accommodate the newlyweds for six nights in one of its Royal Estate private pavilions. Complimentary amenities/services provided to the newlyweds include daily breakfast and dedicated butler.

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The Ranks of Stay-at-Home Moms Growing Rapidly in US

The Ranks of Stay-at-Home Moms Growing Rapidly in US

Stockbyte/Thinkstock(WASHINGTON) -- About three in 10 mothers in the U.S. are stay-at-home moms, according to a new study by the Pew Research Center.Although far from the time decades ago when a single income in a two-parent home might suffice and more women were housewives than in the work force, the number of women who've opted to stay home to raise kids under 18 has grown from 23 percent in 1999 to 29 percent in 2012.Pew says this is largely driven by the increase in Hispanic and Asian populations in the U.S. For instance, 38 percent of Hispanic mothers and 36 percent of Asian mothers are stay-at-home moms. About a quarter of white mothers are in this category.Pew also points out that a third of stay-at-home mothers live in poverty and just over half don't have a high school diploma.

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Young People Getting Serious About Their Financial Future

Young People Getting Serious About Their Financial Future

Fuse/Thinkstock(NEW YORK) -- Think all young people are concerned about these days is their phones and social networking? Think again.A TD Ameritrade survey of 2,000 people ages 15 to 24 suggests that this age group is more attuned to what their prospects are for the future with many deeply worried about the employment picture and the economy in general.The poll found the biggest concern is with jobs, although the number dropped from 34 percent last year to 25 percent, suggesting the employment picture is brightening somewhat.Carrying college loan debt well into adulthood is another major worry, cited by 44 percent of the respondents.Looking far ahead, young Americans are increasing scared that Social Security will be a thing of the past by the time they reach their golden years. Forty-four percent feel this way, compared to 39 percent last year.Contrary to what older people might believe, young Americans aren't all that frivolous with money.Fifty-seven percent say that saving is important to them with nine in ten claiming they would use a gift of $500 to pay down a debt or put the money into a savings account.

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Hong Kong Wine Auction Breaks World Record with $1.6 Million Sale

Hong Kong Wine Auction Breaks World Record with $1.6 Million Sale

iStock/Thinkstock(HONG KONG) -- International broker corporation Sotheby's set a record wine sale Saturday after selling the world's most expensive wine lot in Hong Kong for more than $1.6 million, according to the company. The collection of Romanee-Conti raked in HK $12,556,250, or an equivalent US $1,609,776. The price tag is equal to US $1,700 a glass. "The Romanee-Conti Superlot presented a once-in-a-lifetime opportunity to acquire an unprecedented quantity of the world's most desirable wine," said Robert Sleigh, Head of Sotheby's Wine in Asia.The previous record, also held by Sotheby's, was more than $1.05 million for 50 cases of Chateau Mouton Rothschild 1982, sold in New York in 2006.

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General Motors Issues Three New Recalls Saturday

General Motors Issues Three New Recalls Saturday

General Motors(DETROIT) -- General Motors added to its growing list of recalls on Saturday, impacting nearly 47,000 cars in the United States with ignition key issues. The announcement follows Friday's plan to recall more than 370,000 cars and trucks in the country and more than 500,000 in North America. Saturday's three new recall campaigns brings the worldwide total from the company's North American unit to more than 30 million and 26.5 million the U.S., the Detroit News reports. The recall affects the 2011-2013 Chevrolet Caprice and 2008-2009 Pontiac G8 vehicles, along with 2004-2007 Cadillac CTS-V and 2006-2007 Cadillac STS-V sedans for overheating fuel pump modules. Hundreds of 2014 Chevrolet Sonics may also have loose electrical connection in the steering columns that could impact driver air bag performance, according to the Detroit News.

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Marriott to Pay $600,000 Fine for Jamming Guests’ Wi-Fi, Charging for Internet Access

Marriott to Pay $600,000 Fine for Jamming Guests’ Wi-Fi, Charging for Internet Access

tupungato/iStock Editorial/Thinkstock(NEW YORK) -- Marriott International will pay a $600,000 fine, the Federal Communications Commission announced Friday, after improperly blocking mobile hotspots to force hotel guests to use their pair Wi-Fi network.According to a release from the FCC, the agency had been investigating whether Marriott "intentionally interfered with and disabled Wi-Fi networks established by consumers in the conference facilities of the Gaylord Opryland Hotel and Convention Center in Nashville, Tennessee. Hotel staff, the FCC says, used containment features of a Wi-Fi monitoring system to prevent guests from connecting to their personal Wi-Fi networks. At the same time, the hotel staff allegedly charged customers as much as $1,000 per device to access the hotel's network."Consumers who purchase cellular data plans should be able to use them without fear that their personal Internet connection will be locked by their hotel or conference center," Enforcement Bureau Chief Travis LeBlanc of the FCC said. He called Marriott's actions "unacceptable" and noted that the practice "puts consumers in the untenable position of either paying twice for the same service of forgoing Internet access altogether."The FCC investigation was prompted by a March 2013 complaint from an individual who had attended an event at the Nashville hotel. In addition to the fine, Marriott will cease the use of Wi-Fi blocking technology and "take significant steps to improve how it monitors and uses its Wi-Fi technology at the Gaylor Opryland."

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Wall Street Posts Big Gains After Positive Unemployment Figures

Wall Street Posts Big Gains After Positive Unemployment Figures

RobertCrum/iStockphoto/Thinkstock(NEW YORK) -- Wall Street rebounded from a rough week with a day of gains on Friday, following positive jobs numbers.The Dow Jones Industrial Average jumped 208.64 to close back over 17000. The index finished the day at 17009.69.The Nasdaq climbed 45.42 to 4475.62, while the S&P surged 21.73 to 1967.90.The Bureau of Labor Statistics reported on Friday that the national unemployment rate fell below six percent, the lowest figure since July 2008.

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