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Another Day of Losses on Wall Street Amidst Ebola Fears

vichie81/iStockphoto/Thinkstock(NEW YORK) -- A rough week on Wall Street continued Wednesday as all three major indices posted losses for the third consecutive day.The Dow Jones Industrial Average dropped a staggering 238.19 to finished at 16,804.71.The Nasdaq fell 71.3 to 4,422.09, while the S&P 500 slipped 26.13 to a close of 1,946.16.Experts point to Ebola fears, including the diagnosis of the first Ebola case in the United States, as a cause for downward market movement. American Express

Ebola Virus Hammers Airline Stocks, Boosts Pharma Stocks

iStock/Thinkstock(NEW YORK) -- The Ebola virus has become the unlikely arbiter of the latest winners and losers in stocks.The first diagnosis of an Ebola patient in the U.S. may be driving airline stocks lower, while shares of pharmaceutical companies move higher.It's not the first time an international health concern has led to fears that people will travel less frequently around the world."I think airlines are down for reasons beyond just Ebola, but people may remember that SARS was quite nega

'Best By,' 'Sell By,' 'Use By' Labels Don't Mean Much, Expert Says

iStock/Thinkstock(NEW YORK) -- We’ve all seen the “best by,” “use by,” “enjoy by” and “sell by” on food labels, but what do they really mean?Dr. Michael Hansen says he knows. “They don’t mean anything,” he said. “That’s the problem.”Hansen, a senior scientist with Consumer Reports, a magazine that tests and reviews consumer products, says consumers mistakenly believe the dates indicate the product’s e

Get Deals on News Cars, Cruises and Costumes in October

iStock/Thinkstock(NEW YORK) -- If you plan to buy a new car or truck soon, October may be a very good time to make the purchase.“Manufacturers released their 2015 models in September,” said Mark LoCastro, director of public relations at DealNews. “You can get up to 10, even 20 percent off on 2014 models in October. That’s because these dealerships are trying to clear out inventory.”It's also a good time to travel by sea -- cruises in October are often much cheaper t

Derek Jeter Launches Company, Says 'I'm Not a Robot'

Jim McIsaac/Getty Images(NEW YORK) -- Derek Jeter wasted little time during his newly-christened retirement to tell the world that he's "not a robot" after all.Jeter, frequently mocked for showing little emotion, has launched a new digital company called "The Players' Tribune," saying he hopes athletes can tell their stories.Jeter's newest position? The former captain is now "founding publisher."And this is no blog.The former Yankees shortstop announced he has the financial and creative backing,

Head to Head: How PayPal and Apple Pay Compare

iStock Editoria/Thinkstock(NEW YORK) -- With Apple Pay set to launch this month and PayPal's plan to split from eBay, a battle is brewing in the world of mobile payments.While PayPal emerged as a mobile payments pioneer in the late 1990s, the allure of Apple Pay is expected to convince more people than ever to ditch their credit cards in favor of a digital wallet.PayPal has made the move to defend its turf. Although its "divorce" from eBay won't be complete until late 2015, it's expected that th

Travel Industry Goes Pink This October

Jumeirah Hotels & Resorts (NEW YORK) -- Wednesday kicks off Breast Cancer Awareness Month, and the travel industry -- from spas to hotels and even one airline -- are going pink.Delta Air Lines painted one plane pink to celebrate and honor breast cancer survivors. The famed Burj Al Arab hotel in Dubai even lit its famous sail pink with a pink-ribbon projection and will keep it that way all month.But these are only two examples of how the travel industry is supporting Breast Cancer Awareness.

Chrysler Has Best September Sales in Nine Years

Bill Pugliano/Getty Images(AUBURN HILLS, Mich.) -- Chrysler continues its recent run of gains, reporting Wednesday that it sold 169,890 units in the U.S. last month, marking the best September sales since 2005. Chrysler credits strong demand for the Ram pickup truck and Jeep models for the extra sales boost, with Ram sales climbing 30 percent and Jeep brand sales up 47 percent. Fiat and Chrysler 200 sales were also up -- 30 percent and 15 percent, respectively.Six Chrysler vehicles recorded thei

Most in US Vastly Unaware of CEO-to-Worker Pay Ratio

iStock/Thinkstock(BOSTON) -- So far this fall, income inequality has not become a major political issue during the midterm election season, most likely to the chagrin of Democrats who were hoping to campaign on it.One of the reasons income inequality hasn’t resonated with the public is because of an apparent disconnect Americans have about the difference in pay between CEOs and the average worker.According to Harvard University and Chulalongkorn University researchers, the median response

Despite Qualms About Economy, Americans Spending More than Last Year

iStock/Thinkstock(NEW YORK) -- In spite of polls that show most Americans are still feeling gloomy about the economy, people in the U.S. have spent more in 2014 than they have in the last couple of years and plan to do so right up through the end of the holiday shopping season.At least that’s what a survey by American Express Spending & Saving Tracker found. For instance, 11 percent said their spending on jewelry items is up from both 2013 and 2012.In terms of shopping for personal ext

Bill Gates Praises Boost in Philanthropy, Pledges $50M in Ebola Aid

Photo by Vipin Kumar/Hindustan Times via Getty Images(NEW YORK) -- As the world lauded Bill Gates’ foundation for its largest humanitarian pledge ever — $50 million to help in the fight against the spread of Ebola in West Africa — the wealthiest man in America expressed excitement over the rise of philanthropy among the young, rich and successful.“I see more and more [philanthropists] every year.…You know, our view is that you shouldn’t wait until you’r

Drug Shares Jump After News of First American Ebola Case

Dynamic Graphics/Creatas/Thinkstock(NEW YORK) -- Shares of pharmaceutical companies that produce experimental Ebola drugs spiked in after-market trading on Tuesday following news of the first diagnosis of the deadly disease in the United States.The U.S. Centers for Disease Control and Prevention announced Tuesday evening that they had confirmed the first U.S. case of an individual being diagnosed with the deadly virus, at a hospital in Texas.Shares of Tekmira Pharmaceuticals, one of the three kn

Consumer Confidence Declines, More Losses on Wall Street

JaysonPhotography/iStockphoto/Thinkstock(NEW YORK) -- Tuesday marked another day of losses for Wall Street, as all three major indices closed lower for the second day in a row.The Dow Jones Industrial Average dropped 28.32 to 17,042.90.The Nasdaq slipped 12.46 to 4,493.39, while the S&P 500 closed at 1,972.29, down 5.51.The Conference Board said on Tuesday that consumer confidence, which increased in August, slipped back downwards in September. August's mark had been the highest level in abo

What to Expect from Microsoft Windows 10

Microsoft(NEW YORK) -- It's not coming out until 2015, but Microsoft offered a peek at what users can expect from the latest generation of the company's operating system called Windows 10.Many keen Microsoft observers will note that the company skipped over the number nine in naming the latest iteration of the software. It's something a company spokesman said signals how the operating system has evolved."Windows 10 carries Windows forward into a new way of doing things. It is not an incremental

California Enacts Statewide Ban on Plastic Shopping Bags

iStock/Thinkstock(SACRAMENTO, Calif.) -- California has become the first state in the country to make it illegal for grocery stores to give out plastic grocery bags.While many cities had already banned the bags, Gov. Jerry Brown signed a bill Tuesday banning them up and down California.“This bill is a step in the right direction -- it reduces the torrent of plastic polluting our beaches, parks and even the vast ocean itself,” Brown said in a statement. “We’re the first to

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