Home » Archives by category » Business News (Page 9)

Tax Tip: Pros and Cons of Filing an Extension

Tax Tip: Pros and Cons of Filing an Extension

iStock/Thinkstock(NEW YORK) -- If you don't have time to file your taxes by the April 15 deadline, you can file for an extension.“If you’re rushed during the winter tax season, it gives you more time to put your paperwork in order,” says New York-based accountant Janice Hayman. “It gives you more time to make a retirement contribution if you are self-employed.”Tom Wheelwright, CEO and founder of the CPA firm ProVision, says you may also have a lower chance of being audited if you file an extension.But there could be a downside: “The con would be only if you think you owe money. An extension does not extend the time to pay,” Hayman says. “So my recommendation is always, 'let’s do our best guess-timate and pay something with the extension by April 15.'"With form 4868, you have six more months to file your return.If the Internal Revenue Service owes you money, the sooner you file your return, the sooner you'll get your money.

Follow @ABCNewsRadio Copyright © 2015, ABC Radio. All rights reserved.

Chick-Fil-A to Open First NYC Location

Chick-Fil-A to Open First NYC Location

ljhimages/iStock Editorial/Thinkstock(NEW YORK) -- Chick-Fil-A will open its first New York City location this summer, the company said on its Twitter account Thursday.

 

Guess who’s coming to New York this summer? https://t.co/V2OlLDXgvj

— Chick-fil-A, Inc. (@ChickfilA) March 11, 2015

First reported by Crain's New York Business earlier this week, the nation's top fast food chicken chain will enter into the New York market. The chain already has a number of locations in New Jersey and Connecticut, as well as a limited location in a dining hall at New York University, but the new location will be its first free-standing restaurant in New York City.Chick-Fil-A has more than 1,800 locations, most of which are in the Southeastern United States. Following the protocol of its other restaurants, Crain's New York Business says the New York restaurant will not be open on Sundays.

 

Follow @ABCNewsRadio Copyright © 2015, ABC Radio. All rights reserved.

Wall Street Bounces Back with Gains, Unemployment Claims Down

Wall Street Bounces Back with Gains, Unemployment Claims Down

tarabird/iStock/Thinkstock(NEW YORK) -- Wall Street bounced back from consecutive days in the red on Thursday, as unemployment claims dropped from last week.The Dow Jones Industrial Average climbed 259.83 to a close of 17,895.22.The Nasdaq jumped 43.35 to end the session at 4,893.29, while the S&P 500 closed at 2,065.95, up 25.71 from its open.With Thursday's gains, the Dow and the S&P have wiped out the losses they had racked up for the year to date.The Department of Labor released its weekly unemployment data on Thursday morning, showing that 36,000 fewer Americans claimed unemployment insurance as compared to last week. The most recent claims data showed 289,000 Americans filing for unemployment benefits.

Follow @ABCNewsRadio Copyright © 2015, ABC Radio. All rights reserved.

Google Chromebook Pixel 2: How Laptop Stands Out from the Pack

Google Chromebook Pixel 2: How Laptop Stands Out from the Pack

Justin Sullivan/Getty Images(NEW YORK) -- Would you pay $1,000 for a laptop that only lets you surf the Internet?Google's new Chromebook Pixel starts at $999, making it one of the costliest laptops on the company's Cloud operating system. An LS version (that stands for "ludicrous speed," according to Google) is priced at $1,299.Chromebooks are typically priced in the $200 range and appeal to users for their price and bare-bones features.The updated Chromebook Pixel looks a lot like its predecessor, which was introduced at a price of $1,299. Despite the sticker shock, there's plenty of new features that make Google's latest premium computer appealing.ChargingNo more cable clutter.The updated Chromebook Pixel uses the USB Type-C charging standard that many electronics companies have began adopting this year. The cable plugging into the port and a connected device has ends that are the same size, meaning there is no need to have to worry about plugging something in upside down. It's also reversible, allowing both peripheral and host devices to share their juice.

The new MacBook that Apple announced earlier this week also uses the USB Type-C port.Battery LifeWith a turbo charger, it's easy to get two hours of battery life in just 15 minutes, according to Google, which noted that a full charge lasts up to 12 hours.SpeedThe base Chromebook Pixel has a 2.2 GHz Broadwell-based Intel Core i5 processor. Comparing that to the 1.8 GHz Ivy Bridge Core i5 in the original Chromebook Pixel, Google is working to make its hardware even faster.The LS version has a 2.4 GHz Broadwell Core i7.

Follow @ABCNewsRadio Copyright © 2015, ABC Radio. All rights reserved.

Twitter Cracks Down on Revenge Porn

Twitter Cracks Down on Revenge Porn

iStock/Thinkstock(NEW YORK) -- Twitter is stepping up its game when it comes to dealing with revenge porn.The company's updated terms of service states that users are prohibited from posting "intimate photos or videos that were taken or distributed without the subject's consent."Twitter users can report any unauthorized explicit photos of themselves to the company, which will then review and remove the items in question if it is determined they are unauthorized. Users are allowed to appeal if they feel the removal is unwarranted.After coming under fire for letting trolls flood Twitter, the company affirmed its commitment last year to improving the abuse reporting process. In December, a set of tools for the Twitter app were rolled out, allowing users to easily report abusive behavior and keep track of people they have blocked.Twitter's crackdown on revenge porn comes as Reddit implemented a new policy on Tuesday banning sexually explicit photos that are posted without the subject's consent. Anyone with an issue can now flag a photo to expedite its removal."No matter who you are, if a photograph, video, or digital image of you in a state of nudity, sexual excitement, or engaged in any act of sexual conduct, is posted or linked to on Reddit without your permission, it is prohibited on Reddit," the company's executive team wrote in a post announcing the change. "We also recognize that violent personalized images are a form of harassment that we do not tolerate and we will remove them when notified."

Follow @ABCNewsRadio Copyright © 2015, ABC Radio. All rights reserved.

How ‘Blurred Lines’ Case Could Change Music Industry — or Not

How ‘Blurred Lines’ Case Could Change Music Industry — or Not

iStock/Thinkstock(LOS ANGELES) -- After a jury ruled Pharrell Williams and Robin Thicke copied elements of a Marvin Gaye song for their hit, "Blurred Lines," the artists jointly said the ruling "sets a horrible precedent for music and creativity going forward" -- and their opinion seems to have struck a chord."If this constitutes copyright infringement, then there's gonna be so many lawsuits," said Michael Harrington, chairman of the Music Business Program at the SAE Institute Nashville. "Because there's no melody in common, no matter what anyone wants to say. There are no chord changes, there's no rhythm issue, there are no lyrics. So I've never seen anything like that.""I hope they appeal it 'cause this is just really absurd," Harrington told ABC News' Andrea Dresdale.The lawyer for the "Blurred Lines" performers, Howard King, insisted they did not copy Gaye's hit "Got to Give It Up," but merely let an artist and vibe inspire them. He said the jury's decision might make record companies reluctant to release music that draws on similar inspiration.On the other hand, a lawyer for the Gaye family said that's not what the case was about at all."They made comments about how this was about a groove and how this was about an era and how this was about a genre," Richard Busch told reporters after the verdict. "It wasn't. It was about the copying of 'Got to Give it Up.'"Many seem to disagree.Bob Stanley of the pop group Saint Etienne wrote in The Guardian that it was a "terrible shame, and an absolute disaster for music," that Gaye’s family couldn't see that being inspired by Gaye was an "honorable thing.""If anyone has ever compared a new band to Saint Etienne, I’ve been flattered that we might be an influence," Stanley wrote.Bryan Vaughan, founder of Brooklyn's independent record label Paper Garden Records, told ABC News that artists should be encouraged to be inspired by the "vibe" of their idols "in order for music to progress.""This verdict does appear to potentially stifle future creative freedom and expression in a big way, though, and could certainly cause a wave of new legal battles," he said.A pair of copyright experts disagreed on how the jury verdict will affect the industry.Leigh Ann Lindquist, intellectual property attorney with Sughrue Mion in Washington, D.C., said it may have a chilling effect, and "artists will need to consider whether or not they need to obtain a license from a copyright owner."However, Kevin Parks, a partner at Leydig, Voit and Mayer's Chicago office, and author of Music & Copyright in America: Toward the Celestial Jukebox, didn't believe that the verdict would chill creativity. The question in this case, he added, has clear ground rules in copyright law, centering on whether there was "substantial similarity” between two works.Having celebrities involved, though, made it a bigger deal, because, "It takes what’s otherwise a routine issue in copyright matters and makes it a cause célèbre for the moment," Parks said.Harrington, on the other hand, seemed to buy the "Blurred Lines" performers' argument that a vibe or style cannot be copyrighted."If it sounds like something -- like, they both have cow bell or Coke bottle, whatever it is, virtually in the same speed," he said, "[or] you hear people in the background having a good time. I think it's that vibe and that, you know -- he sings a falsetto, you hear that in both songs. ...That's what [the jury] fell for."

Follow @ABCNewsRadio Copyright © 2015, ABC Radio. All rights reserved.

DIY Restaurants on the Rise

DIY Restaurants on the Rise

Parker & Quinn restaurant at the Refinery Hotel(NEW YORK) -- The option to make your own food -- at a restaurant -- seems to defeat the purpose of going out.But a growing number of restaurants are going DIY -- at least in part. It's a practice that's long been commonplace at Korean barbecue restaurants, but is now making its way into other cuisines and even cocktails.In New York, the Parker & Quinn restaurant at the Refinery Hotel recently introduced a “build your own” brunch beverage experience where guests mix their own drinks. The Bloody Board includes a carafe of Bloody Mary, accompanied by pickled vegetables, pimento olives, pepper jack cheese, bacon, celery, horseradish, beef bouillon and assorted hot sauces. The "Bubbly Board" is DIY mimosas and bellinis, with a bottle of Prosecco, and sides of raspberries, strawberries, blueberries, whipped cream, along with mixers."Since people are generally decompressing from the night before or preparing for the day ahead during brunch, through our Brunch Boards they’re able to skip the hassles of cooking at home and creating cocktails from start to finish, but can still enjoy playing with their food," said Rob McGovern, Food & Beverage Director at In Good Company Hospitality. He added guests are looking for "Instagram-able” brunch experiences.Slappy Cakes delivers batter and topping to tables equipped with a grill in the center so breakfast goers can DIY pancakes in both Portland, Oregon and Maui. The first Slappy Cakes opened in 2009 in Oregon and the Maui location debuted in 2013. Several international locations are opening this year including London, Bangkok, Jakarta, Indonesia and Kuala Lumpur, Malaysia.

Slappy Cakes founder Adam Fuderer said DIY cooking brings families and friends closer together.

"At our restaurant we do all the prep and cleaning, leaving the fun part of actually cooking to the guests," he said.The Old Spanish Sugar Mill and Griddle House in De Leon Springs, Florida has a similar make-your-own pancakes concept.In San Diego, the Gaslamp Strip Club has diners order a cut of meat, which is then served uncooked; customers bring the meat to a grill station in the middle of the restaurant to cook the meat to their liking. At the grill stations, there are instructions for recommended cooking times for different cuts, seasoning suggestions and sauce/condiment options. A restaurant spokesperson said it's a popular feature for tourists looking for something out of the ordinary, as well as locals.The Grill House in Allegan, Michigan is built around the grill-your-own concept. Guests are escorted to the grill room where they select a cut from the meat case and then, under the guidance of restaurant staff, are directed to the part of the grill they should use depending on how well done they want their meat.Food expert Alanna Stang of The Daily Meal said the burgeoning trend is really just an extension of the DIY culture that's become so popular in recent years.

"You have more people brining, pickling, jarring, etc. than in previous decades. People are into understanding how things are made -- from their broth to their bitters," Stang said.

And while she said the idea of cooking your own food at a restaurant is "counterintuitive" it can be an enjoyable experience."At a restaurant people have access to all kind of ingredients and cooking methods that they may not have at home, plus you can cook together with lots of friends," Stang said.

Follow @ABCNewsRadio Copyright © 2015, ABC Radio. All rights reserved.

Tax Tip: Most Commonly-Overlooked Deductions

Tax Tip: Most Commonly-Overlooked Deductions

iStock/Thinkstock(NEW YORK) -- In the midst of preparing taxes, there are many common things people forget they can claim as deductions.One of the biggest deductions people overlook is the home office deduction, according to Tom Wheelwright with the CPA firm ProVision.  "You may have an office in your home that is strictly for what you do in your investing. There's a lot of deductions available there,” says Wheelwright.Deductions can include an air conditioning bill, heating bill and even a water bill, according to Wheelwright.“You even get to depreciate a part of your house,” he says.If you're drowning in student debt, you can also deduct your loan interest. Tax experts say that’s often overlooked by people who don't itemize their returns.Tobie Stanger, a senior editor at Consumer Reports, said there are also some costly medical procedures that can be deducted."Laser eye surgery can be written off as a medical deduction. Invitro fertilization treatments also can be written off. That's a very expensive treatment,” said Stanger.There’s also never been a better time to kick the habit. Smoking cessation programs and patches can be deducted.

Follow @ABCNewsRadio Copyright © 2015, ABC Radio. All rights reserved.

Jobless Claims Down by 36,000

Jobless Claims Down by 36,000

iStock/Thinkstock(WASHINGTON) -- Jobless claims were slightly lower last week, decreasing by 36,000, according to the latest figures released Thursday by the Labor Department.For the week ending March 7, the number of people filing for benefits dropped to 289,000. The previous week, claims stood at 325,000.The Labor Department said there were no "special factors" impacting that week's figures.The four-week moving average also declined by 3,750, to 306,000.

Follow @ABCNewsRadio Copyright © 2015, ABC Radio. All rights reserved.

Americans Will Spend a Lot of Green for St. Patrick’s Day

Americans Will Spend a Lot of Green for St. Patrick’s Day

iStock/Thinkstock(WASHINGTON) — One of the biggest holiday shopping days of the year is coming up. Well, at least the biggest one in March anyway.With St. Patrick’s Day celebrated next Tuesday, Americans will get into the swing of things by spending as much as $4.6 billion to celebrate the wearin’ of the green.That’s the estimate from the National Retail Federation, which says that the average spent per consumer will be $36.52, just under 75 cents more than they did in 2014.By far, the most popular way to commemorate St. Paddy’s Day is at a restaurant or bar with 31 percent of survey respondents planning to do so on or about the 17th.It’s a day when everyone’s Irish, apparently, since just over eight in ten said they’ll wear something green and about a quarter plan on adorning their homes with various decorations.Follow @ABCNewsRadio Copyright © 2015, ABC Radio. All rights reserved.

Luck Is the Key to Winning March Madness Office Pools

Luck Is the Key to Winning March Madness Office Pools

iStock/Thinkstock(ANN ARBOR, Mich.) — We’re on the verge again of March Madness.Part of the insanity has to do with NCAA basketball pools at work and filling out brackets for the chance to win some big money, although nearly everyone who plays comes away empty-handed.Dae Hee Kwak, who teaches sports management at the University of Michigan School of Kinesiology, was curious to find out why people keep selecting brackets year after year even as many bettors go down in flames before the first round of games is even over.It’s something called control theory and overestimation, which basically means that certain people have a high degree of confidence based on their knowledge and research.But here’s where it gets interesting. Kwak says you have just as much of a chance of winning your office pool even if you know nothing about men’s college basketball by merely flipping a coin as he did one year against a control group.Kwak did three sets of brackets, picking winners by a coin flip and each time outperformed those who made their picks through the control theory and overestimation.So why do perennial losers keep doing it? Kwak explains that “high confidence drives winning expectations, which drives the greatest enjoyment.”Follow @ABCNewsRadio Copyright © 2015, ABC Radio. All rights reserved.

Shake Shack: Company Says Loss Won’t Stop ‘Shack-Attack’

Shake Shack: Company Says Loss Won’t Stop ‘Shack-Attack’Photo by Spencer Platt/Getty Images(NEW YORK) --  A "Shack"-attack is hitting the country since Shake Shack went public in January, as the food chain aims to triple its presence in the U.S.After a successful IPO, Shake Shack CEO Randy Garutti said...

IRS Estimates $1 Billion Could Be Waiting for Taxpayers Who Didn’t File 2011 Income Tax Returns

IRS Estimates $1 Billion Could Be Waiting for Taxpayers Who Didn’t File 2011 Income Tax Returns

jim pruitt/iStock/Thinkstock(WASHINGTON) -- Federal income tax refunds totaling $1 billion could be awaiting an estimated one million people who did not file a federal income tax return for 2011, the Internal Revenue Service said Wednesday."Time is running out for people who didn't file a 2011 federal income tax return to claim their refund," IRS Commissioner John Koskinen said in a statement. "People could be missing out on a substantial refund, especially students or part-time workers." He also noted that "some people may not have filed because they didn't make much money, but they still may be entitled to a refund."The IRS estimates that half of the potential 2011 refunds would exceed $698.Federal law allows a three-year window of opportunity to claim a refund if they had not filed a tax return. That window for 2011 tax returns closes on April 15, 2015.

Follow @ABCNewsRadio Copyright © 2015, ABC Radio. All rights reserved.

FTC Announces Charges Against DirecTV for Allegedly Misleading Customers

FTC Announces Charges Against DirecTV for Allegedly Misleading Customers

ljhimages/iStock Editorial/Thinkstock(NEW YORK) -- The Federal Trade Commission announced charges against satellite television provider DirecTV on Wednesday, claiming that the company misled its customers on the cost of its programming.DirecTV allegedly advertised a 12-month programming package without disclosing that the deal required a two-year contract. That contract would increase by $45 per month in the second year, and come with early cancellation fees of $480. "DirecTV misled consumers about the consumers about the cost of its satellite television services and cancellation fees," FTC Chairwoman Edith Ramirez said in a statement. "DirecTV sought to lock customers into longer and more expensive contracts and premium packages that were not adequately disclosed."Ramirez called it "a bedrock principle that the key terms of an offer to a consumer must be clear and conspicuous, not hidden in fine print."As of December 2013, DirecTV had over 20 million subscribers in the U.S. It is unclear how many users may have been impacted by their allegedly misleading marketing.

Follow @ABCNewsRadio Copyright © 2015, ABC Radio. All rights reserved.

Wall Street Closes with Slight Losses

Wall Street Closes with Slight Lossestarabird/iStock/Thinkstock(NEW YORK) -- A roller-coaster day on Wall Street saw the three major indices post slight losses one day after dramatic drops. The Dow Jones Industrial Average closed down 27.55 to 17,635.39.The Nasdaq slipped to 4,849.94, dow...

Apple’s App, iTunes Store Outages Due to ‘Internal DNS Error’

Apple’s App, iTunes Store Outages Due to ‘Internal DNS Error’Photo by Scott Barbour/Getty Images(NEW YORK) -- Beginning early Wednesday morning, users were unable to access Apple's "App" and "iTunes" stores due to what the company called an internal error.According to the Apple website, the App, iTunes, iBooks a...

Google Opens First-Ever Shop in London

Google Opens First-Ever Shop in London

Google(LONDON) -- Google is taking a leap into the world of brick-and-mortar retail with its first-ever store within a store.Located inside of a London Currys PC World store, Google's branded shop showcases the Internet giant's products -- among them, Android phones, tablets, Chromebook laptops and Chromecast dongles.The experience is set up in a way that allows consumers to understand how the products can seamlessly work together, according to company officials. Google will also be offering classes at the shop focusing on everything from how to stay safe online to learning how to connect your devices.“The pace of innovation of the devices we all use is incredible, yet the way we buy them has remained the same for years," James Elias, Google's marketing director in the United Kingdom, said in a statement."With the Google shop, we want to offer people a place where they can play, experiment and learn about all of what Google has to offer; from an incredible range of devices to a totally connected, seamless online life," he said. "We think it’s a genuinely unique try-before-you-buy experience."Moving from the practical to the fun, Google is also offering a Doodle Wall where customers can use digital spray cans to dream up their own Google Doodle, which can then be shared on social media.A surround screen installation will also allow visitors to soar over any part of the world using Google Earth's images. Virtual "space camps" will also be offered for children where they can learn more about how to code.Google plans to open two more shops inside of other Currys PC World locations in the greater London area later this year, company officials said.

Follow @ABCNewsRadio Copyright © 2015, ABC Radio. All rights reserved.

Google CFO’s Goodbye Note Will Make You Dream of Quitting Your Job

Google CFO’s Goodbye Note Will Make You Dream of Quitting Your JobGoogle(NEW YORK) — Google's chief financial officer Patrick Pichette knows how to quit in style.After nearly seven years of overseeing the search giant's finances, Pichette, 52, is calling it quits to travel the world with his wife and enjoy what...

Pepsi Challenge Returns with a Bubbly Twist

Pepsi Challenge Returns with a Bubbly Twist

iStock Editorial/Thinkstock(NEW YORK) -- The 40-year-old Pepsi Challenge is back with a vengeance and pulling out all stops when it comes to social media.This time, a year-long marketing campaign will feature celebrities in sports, music and tech who will hold global and local challenges.Starting Wednesday, Pepsi says it's launching its "biggest socially-led, content driven initiative ever." And, yes, there is a hashtag: #PepsiChallenge.The historic campaign has long touted that "more people" prefer Pepsi in blind taste tests -- that is, more than 50 percent, according to Pepsi.But Coca-Cola still outranks Pepsi Cola in carbonated soft drink market share: Coke has 17.4 percent, followed by Diet Coke at 9 percent, then Pepsi at 8.9 percent, according to Beverage-Digest's most recent figures, which was in 2013.In other words, the cola war is back on with Pepsi's latest marketing move.

But when it comes to all the soda products of the two companies -- not just Pepsi and Coke colas -- Coca-Cola holds a commanding 29.5 percent of market share compared to Pepsico's 20.3 percent, according to an IBISWorld report from November about soda production in the United States.The U.S. beverage business has faced worsening trends. Sales of carbonated soft drinks, which is the biggest category in the industry, continued to fall with worsening declines through 2013, according to Beverage-Digest's latest results.

To up the ante in the competitive soda race as many Americans are opting for healthier options like juices, Pepsi not only recruited six "Pepsi Challenge Ambassadors" around the world, but it's also taking its mission to space.

The company is collaborating with UrtheCast for the world’s first full-color ultra high-definition video camera in space. On the International Space Station (ISS), Pepsi will provide the first, "epic film adventure shot from space."

The new campaign builds on Pepsi's past efforts to engage people with the brand, as the company has sporadically resurrected the effort. In the 1980s, Welcome Back, Kotter comedian Gabe Kaplan was a spokesman for the ad campaign.

In 2012, PepsiCo Beverages Canada relaunched the Pepsi Challenge with a big rig truck that toured the country and more than 1,000 events.Pepsi says that millions of people have participated in a Pepsi Challenge Taste test since its inception.

A spokesman for Coca-Cola declined to comment about the Pepsi Challenge.

Follow @ABCNewsRadio Copyright © 2015, ABC Radio. All rights reserved.

Spring Air Travel to Rise to Seven-Year High, Group Predicts

Spring Air Travel to Rise to Seven-Year High, Group Predicts

iStock/Thinkstock(NEW YORK) -- Get ready for packed planes if you're planning to fly this spring.Airlines For America predicts 134.8 million passengers will take to the skies on U.S. airlines between March 1 and April 30. That amounts to 2.2 million passengers per day and marks the highest level in seven years.Travelers can thank the improving economy for the potentially longer lines and crammed overhead bins.In response, airlines are increasing the number of available seats, but only by 3 percent, according to the industry group.

Follow @ABCNewsRadio Copyright © 2015, ABC Radio. All rights reserved.

Advertise With Us

Would you like to advertise on East Idaho News? Fill out this form to contact a representative.
  • Full and Last
  • The name of your company, business or brand.