Business News

Subscribe To This Feed

Justin Sullivan/Getty Images(NEW YORK) -- Verizon has struck a deal to acquire Yahoo! operating business in a deal totalling $4.83 billion in cash, both companies announced early Monday.

Last year, Verizon acquired AOL with plans to enhance "cross-screen connection for consumers," and now hopes to generate more revenue in digital advertising with the Yahoo deal.

"The acquisition of Yahoo will put Verizon in a highly competitive position as a top global mobile media company, and help accelerate our revenue stream in digital advertising," Verizon Chairman and CEO Lowell McAdam said in a company statement.

With Yahoo's global audience of more than one billion monthly active users -- 600 million of those being mobile users -- CEO Marissa Mayer says the "transaction sets up a great opportunity for Yahoo to build further distribution and accelerate our work in mobile, video, native advertising and social."

She added, "Yahoo and AOL popularized the Internet, email, search and real-time media. It's poetic to be joining forces with AOL and Verizon as we enter our next chapter focused on achieving scale on mobile."

With more than 25 brands included, Yahoo's addition to Verizon and AOL will make for one of the largest portfolios of owned and partnered global brands with extensive distribution capabilities.

The deal is expected to close in Q1 of 2017, pending approval of Yahoo's shareholders and customary closing conditions being met.

Copyright © 2016, ABC Radio. All rights reserved.

0
comments



Subscribe To This Feed

iStock/Thinkstock(LONDON) -- Amazon is partnering with the U.K. to test its drone delivery program.

Announced in a release on Monday, the U.K. Civil Aviation Authority will allow Amazon to work on drone "line of sight operations," drone sensors so they can avoid obstacles, and a system where one person is responsible for multiple automated drones.

The partnership is part of Prime Air, Amazon's future delivery drone system, to get packages up to 5 pounds to customers in 30 minutes or less.

“This announcement strengthens our partnership with the U.K. and brings Amazon closer to our goal of using drones to safely deliver parcels in 30 minutes to customers in the U.K. and elsewhere around the world,”  said Paul Misener, Amazon’s Vice President of Global Innovation Policy and Communications, in a statement.

The British government said the program would help all companies be able to use drone technology, a feat Misener said would "create new jobs in a rapidly growing industry..."

Copyright © 2016, ABC Radio. All rights reserved.

0
comments



Subscribe To This Feed

iStock/Thinkstock(NEW YORK) -- U.S. stocks slumped Monday after last week's record gains as investors await more earnings and look to the Federal Reserve's policy meeting this week.

The Dow closed down 77.79 (-0.42 percent) to finish at 18,493.06.

The Nasdaq fell 2.53 (-0.05 percent) to close at 5,097.63, while the S&P 500 closed at 2,168.48, down 6.55 (-0.30 percent) from its open.

Crude oil sunk nearly 3 percent with prices hitting about $43 a barrel.

Federal Reserve: The U.S. central bank will begin its policy meeting Tuesday, but experts say the Fed will hold off on an interest rate hike this month and possibly until September. The Federal Reserve still faces mixed global economic signs after the U.K.'s vote to leave the European Union.

Verizon: Verizon and Yahoo announced Monday that both companies had struck a $4.83 billion merger deal. Verizon will acquire Yahoo's operating business including a global audience of more than one billion monthly active users. Shares in Verizon closed down less than 1 percent and Yahoo's stock tumbled about 3 percent.

Outerwall: Redbox and Coinstar owner Outerwall will be acquired by private-equity firm Apollo Global Management for $1.6 billion as DVD sales have struggled recently. Outerwall shares soared 11 percent after the news.

Copyright © 2016, ABC Radio. All rights reserved.

0
comments



Subscribe To This Feed

iStock/Thinkstock(NEW YORK) -- Who needs a hotel room when you can have your own personal windmill, caboose or church to vacation in? That’s exactly what TripAdvisor Vacation Rentals had in mind when compiling this list of its top off-the-grid, outlandish and unconventional converted homes to rent.

“A unique vacation rental is an easy and affordable way to make an otherwise ordinary trip feel remarkable and unforgettable,” TripAdvisor Vacation Rentals spokesperson Laurel Greatrix told ABC News of the interesting new trend.

“A stay in a converted windmill with a private pool in Santorini costs just $56 per person per night, while a night in a renovated firehouse in Kent will cost each guest just $22,” she added. “With affordable prices and a variety of amenities such as kitchen and living space, rentals offer a very different experience than a traditional hotel room.”

Take a look at some of the most beautiful and fascinating, yet completely unconventional vacation rentals you could explore on your next big adventure:

Windmill: Santorini, Greece

With panoramic views of the Aegean Sea, this gorgeous windmill-turned-vacation home in Santorini is the perfect Grecian vacation spot of your dreams. It has a marvelous curving staircase leading to crescent-shaped bedrooms.

Barn: Bath, England

This elegant vintage barn boasts clean, white interiors, with wooden beams that still transport you back to its cozy farm days. A Victorian spiral staircase and stone accents make it the picture-perfect oasis for your English escape.

Church: Aurora, New York

You’d never think an 1870 church would be converted into a mansion, but that’s exactly what happened in New York’s Finger Lakes area. A blessed stay awaits you in this sanctuary, equipped with stained glass windows, complex woodwork and an altar serving as the kitchen island.

Stable: Santa Rosa, California

This ultra-romantic setting used to be a 31-stall stable and is located on 11 acres of land. The cathedral ceilings and lush landscaping remind guests of the stable’s former use, while allowing them to escape to a rustic yet relaxing setting with a 10,000-square-foot courtyard and soothing Tuscan fountain.

Shipping Container: Wellington, New Zealand

This contemporary home is taking the idea of “upcycling” to a whole new level. Built into a jagged rock face, this rental is actually three shipping containers stacked on top of each other, creating a large, luxe living area.

Fire Station: Canterbury, England

This former Victorian fire station may no longer be active, but its eccentric entryway chandeliers and vivacious furniture will be sure to spice up your stay more so than a normal hotel room. Perfect for a traveler, the minimalist, galley kitchen is just enough for someone passing through.

Caboose: Clyde, North Carolina

All aboard this quirky 1960s caboose located in the Great Smoky Mountains of North Carolina. Although the quarters may be a bit cozy, the perks of a heated bathroom floor and fully equipped kitchen more than make up for it. Get lost in your train of thought as you take in the views from the nearby bison field.

Copyright © 2016, ABC Radio. All rights reserved.

0
comments



Subscribe To This Feed

ABC News(WASHINGTON) -- Donald Trump is defending his longtime friend Roger Ailes in the wake of sexual harassment allegations and growing controversy surrounding the top-rated cable news channel.

Appearing on Showtime's The Circus, the Republican presidential nominee offered up praise for the former chairman and chief executive of Fox News, saying, "I think it's so sad. He's such a great guy."

Trump also touted the legacy that Ailes leaves behind at Fox News, a network Ailes helped build from the ground up but was forced to walk away from amid accusations of sexual harassment that have become public in recent weeks.

"What he's done on television, is in the history of television, he's gotta be placed in the top three, or four, or five, and that includes the founding of the major networks," Trump said. "So it's too bad. I'm sure it was friendly. I know Rupert [Murdoch]. He's a great guy."

Former Fox News anchor Gretchen Carlson filed a sexual harassment lawsuit against Ailes on July 6. Ailes has denied all of Carlson’s allegations, saying in a statement that "Gretchen Carlson’s allegations are false. This is a retaliatory suit for the network's decision not to renew her contract, which was due to the fact that her disappointingly low ratings were dragging down the afternoon lineup."

In an appearance on Meet the Press on Sunday, Trump also appeared to question the motives behind some of the allegations of harassment.

"Some of the women that are complaining, I know how much he's helped them...now all of a sudden, they are saying these horrible things about him, it's very sad because he's a very good person," he said.

Paul Manafort, Trump's campaign chair, echoed that support in an interview on This Week with George Stephanopoulos, adding to speculation that the 76-year-old -- widely known as a "Republican kingmaker" -- could potentially even join the Trump campaign.

Asked if there was any truth to that rumor, Manafort told Stephanopoulos, "I have no idea where that came from, there’s nothing I can say about that, but Roger Ailes certainly is a voice who understands the American people."

Trump's show of support for the embattled former CEO comes as new allegations against the culture at Fox News continue to surface.

In an interview with The New York Times, former Fox News correspondent Rudi Bakhtiar said that she was fired from the network after filing an internal sexual harassment complaint that accused former Fox News Washington, D.C. bureau chief Brian Wilson of sexual advances. Wilson, who left Fox News in 2010, denies the claims. Fox News executives say she was let go due to her performance.

Nearly a dozen women told The Times they experienced some form of harassment at Fox News; two women said they were allegedly harassed by Ailes while others claim they were harassed by other supervisors. All said speaking out could have been detrimental to their careers.

Ailes' troubles began when attorneys working for Carlson went public with her charges of harassment.

Sources tell ABC News that while several Fox News personalities have spoken out in support of Ailes, it was only after anchor Megyn Kelly refused to support Ailes that it became evident that Ailes may be forced out of the company.

Ailes formally stepped down on July 21.

In a separate statement to ABC News, 21st Century Fox, Fox News' parent company, said, "there's absolutely no room anywhere at our company for behavior that disrespects women or contributes to an uncomfortable work environment."

Copyright © 2016, ABC Radio. All rights reserved.

0
comments



Subscribe To This Feed

ABC News(NEW YORK) -- Highway workers face many dangers in active road work zones. Despite safety measures, their lives are at risk every day as they perform repairs on our roadways.

Their first line of defense are warning signs and arrow boards for drivers to know of road work ahead. But another important safety measure is the truck-mounted attenuator, which provides a safety barrier between moving vehicles and workers on the road.

Royal Truck & Equipment has created the first autonomous truck-mounted attenuator that promises to add an extra layer of safety.

“In an effort to remove the driver and workers from an unsafe situation, we identified this as an opportunity to try to take drivers out of the truck and replace it with the autonomous technology,” Royal Truck & Equipment CEO Robert Roy said.

Attenuators are designed to be a crash cushion and barrier. They use an aluminum honey comb filled with air or sand to absorb or redirect a colliding vehicle away from the workers and machinery, and have been credited with saving lives. The attenuators are mounted on the back of trucks.

The typical work zone safety setup has workers or machinery in front of the manned truck-mounted attenuator. The autonomous truck will add an extra layer of safety since it will be behind the manned vehicle.

According to the Bureau of Labor Statistics, 49 road workers were killed by moving vehicles in 2014.

This autonomous technology was developed by Micro Systems Inc., a firm that has provided unmanned vehicles to the military. Micro Systems’ "Multi-Platform Appliqué Kit" has a vehicle-controlled computer that controls motors to let the vehicle know when to turn, accelerate, stop and avoid obstacles while mimicking the exact speed, heading and the direction of the leader vehicle.

The trucks can be retrofitted to be autonomous with mechanical actuators that replicate the leading manned vehicle and replicate steering, breaking and the acceleration from GPS data supplied by the manned vehicle.

“We are pioneering this industry. We are using the latest cutting-edge technology to make work environments a safer place,” said Maynard Factor, the business development manager for Micro Systems.

Royal Truck & Equipment is currently testing the technology and hopes one day to have these trucks on the road.

“Every day, we feel better about what we do and that’s the juice that keeps us going when we built these trucks,” Roy said.

Copyright © 2016, ABC Radio. All rights reserved.

0
comments



Subscribe To This Feed

Stephen Lovekin/Getty Images(NEW YORK) -- The silence was the sign.

Roger Ailes, the powerful Fox News chief, first realized his career at the helm of the network he built was in jeopardy when evening anchor Megyn Kelly refused repeated overtures to issue a public statement of support, according to a source familiar with the internal discussions.

Greta Van Susteren, Bill O’Reilly and Maria Bartiromo had already defended Ailes. But Kelly was invisible -– ominously so.

At the center of this year’s presidential campaign, Kelly was being asked, cajoled and even pressured outright to pledge her support for Ailes in the first days after sex-harassment claims were lodged, two sources said. And when Kelly declined to play along, a sense of doom quickly creeped over Ailes and his cabinet of advisers.

“And what about Megyn?” was the question asked inside Ailes’ war room. “There’s a problem with Megyn. Let’s talk offline.”

The following is an account from inside Fox, based on interviews with multiple sources with direct knowledge of what occurred. Ailes’ attorney, Susan Estrich, did not respond to a request for comment.

Ailes resigned under pressure Thursday, just after the stock market’s close. In the 24 hours preceding that announcement, it had become almost a given that Ailes was being ushered out of the network he built by his boss, Rupert Murdoch, and Murdoch’s sons, Lachlan and James.

Though such an exit was almost unthinkable just a week earlier, Ailes had already come to grips with what was the shocking new reality.

The crisis exploded July 6 when former Fox News host Gretchen Carlson filed a sex-harassment lawsuit against Ailes. Fox was not named in the case.

Quickly, Ailes assembled a war room at his home in Bergen County, New Jersey. Chief among those advising Ailes was his wife, Beth. In the room or dialed in on all-points conference calls were friends, and, importantly, PR and legal staff from Fox News, who were technically not even involved in the case.

Ailes made it clear to his team that he thought Lachlan and James Murdoch would try to use the Carlson lawsuit as a vehicle to remove him from his perch. After a career of battles -– both in politics and media -– Ailes figured he’d be able to strategize and scrap his way through and stay on top.

“We’re not going to let them win,” Ailes said of the Murdoch heirs.

In keeping with Ailes’ take-no-prisoners style, it was decided that the defense would be a blistering offense. And key to that would be a campaign of public pronouncements of support from Fox employees, to be led by those with the highest profile and best ratings. Quickly, the litany of A-listers coming out in support of their embattled boss would include Van Susteren, O’Reilly, Bartiromo, Jeanine Pirro and Neil Cavuto.

“It was an unbelievable campaign,” one insider told ABC News. “There was enormous pressure.”

And the pressure was most extreme to get Kelly on board. She had taken center stage in public battles this year with Donald Trump and she is perceived to be both a strong woman and an independent thinker. Getting Kelly on board would be a coup and was to send messages both to the wider world and those inside Fox headquarters in Midtown Manhattan that things would be OK for Ailes.

Kelly wouldn’t do what Ailes wanted. (Kelly declined to comment to ABC News.)

She did, however, speak with the team of investigators retained by the Murdochs to probe what was happening at Fox. The law firm brought in to do the investigation told Fox staffers they wanted to know whether others had experienced harassment by Ailes. They started with those, like Kelly, who were headed to the Republican National Convention in Cleveland.

During that session, Kelly told investigators about harassment from Ailes she had suffered years earlier. Ailes would soon find out about that interview and news accounts detailing her account would follow quickly.

But that’s not when Ailes first realized his career at the network he founded was over. That moment had already come –- with a burst of silence.

Ailes, through his lawyers, has denied harassing Carlson or Kelly.

Copyright © 2016, ABC Radio. All rights reserved.

0
comments



Subscribe To This Feed

iStock/Thinkstock(NEW YORK) --  If you didn't have the winning numbers for Saturday night's Powerball drawing -- which was an estimated $391 million jackpot -- don't be upset: No one else won either.

The Texas Lottery confirmed early Sunday morning that there were no winners. Saturday's jackpot was the ninth largest in the game's history.

Saturday's numbers were 39, 5, 35, 7, 23. The Powerball was 11.

Now the estimated jackpot for Wednesday's drawing is $422 million.

Powerball Estimated Jackpot for 07/27/2016: AP: $422 Million, CVO: $291.8 Million https://t.co/eHvXbM3WvX

— Texas Lottery (@TexasLottery) July 24, 2016

The odds of a $2 ticket hitting the jackpot are more than 292 million to 1.

The jackpot has been won only 3 times this year compared to a dozen times in 2015.

Powerball is played in 44 states, Washington, D.C., the U.S. Virgin Islands and Puerto Rico.

Copyright © 2016, ABC Radio. All rights reserved.

0
comments



Subscribe To This Feed

FBI(MILWAUKEE) -- Archie Cabello was living a quiet life in Milwaukee, Wisconsin, working as an armed courier who delivered money to banks and businesses all over town, when he hatched a plan that would change his family’s life forever.

From 1995 to 2005, Cabello used his wife and son as accomplices to steal nearly $4 million.

It was a case that would leave the FBI and authorities in two states scratching their heads for more than a decade, until the IRS became involved and discovered a suspicious paper trail and Cabello’s son, Vincent, finally came forward.

1995

According to federal prosecutors, Archie Cabello committed a Detroit robbery in the 1970s with his brother and then left town without giving his brother his cut of the money.

In 1995, FBI special agent Ken O’Connor said Cabello was a 48-year-old former Marine working for an armored delivery services company and decided to plan another robbery.

“The two people he was assigned with were, one had been on the job for a week, the other had been on the job for two weeks, so he was the senior guy,” O’Conner said.

For several days leading up to the heist, authorities said Cabello and his wife Marian Cabello practiced a routine. She would leave her job at a local café, seemingly on a lunch break, go for drive, park the car and watch for her husband’s armored truck to drive past.

Then one day, the FBI said Archie Cabello hit the hazard lights on the truck, and Marian pulled out of her parking spot and followed him to a strip mall where Cabello was scheduled to make a stop at a bank.

“He’s on paperwork showing he signed for the bag at 12:30 [p.m.], a bag that had about $157,000, give or take,” O’Connor said.

As the other two couriers were on a break, authorities said Cabello pulled the truck around to the back of the bank and parked next to Marian’s car, who was waiting there.

“He opened the driver door, tossed the bag into her open window, onto the passenger side seat and they both drive off,” O’Connor said.

When his bosses asked Cabello what happened to the money, he claimed he didn’t know. The other two couriers, who authorities said had no idea the money had been stolen, also said they didn’t know what happened.

Cabello was fired and the Milwaukee police and the FBI investigated the incident, but neither could pin down a suspect nor find the money.

“At the time, there wasn’t a lot of evidence, other than, you know, his story,” O’Connor said.

1998

Two years after Archie Cabello’s son, Vincent Cabello, was honorably discharged from the U.S. Army after serving as a paratrooper, Archie roped him into his second heist.

At the time, prosecutors said Vincent had gotten a job at a security corporation in the Milwaukee area, guarding the night vault in the basement of a commercial building.

Vincent worshipped his father, authorities said, and felt “trapped” into going along with it.

“The plan they came up with was Archie would stage a robbery, he would act like a robber from beginning to end,” O’Connor said.

Archie showed up wearing a bushy beard, a backwards baseball hat and yellow-tinted sunglasses, armed with a BB gun. Authorities said Vincent Cabello had closed the vault door but purposefully didn’t spin the dial to lock it.

After Archie entered the building, authorities said the father and son team put on a big performance for the security cameras, with Archie yelling “freeze” and Vincent seeming to comply. Archie handcuffed his son, went into the vault and stole $730,000.

Det. Ron Laura questioned Vincent, and even though he didn’t break, he began to think it might have been an inside job.

“I was a little skeptical of why he wasn’t a little bit more shaken up,” Laura said. “With Vincent standing by his story, we had no probable cause to arrest him.”

1999

One year after the second Milwaukee heist, the Cabellos moved to Portland, Oregon. By 1999, the family had moved 21 times in 18 years.

FBI had begun to suspect members of the Cabello family, but they seemed to be living paycheck to paycheck. The family rented a modest home for $975 a month in Portland, and Archie drove a beat-up, older model car, showing no obvious signs of living beyond their means.

Authorities said Archie went years without holding onto a job – that is, until his pile of stolen cash started running out.

2005

In March 2005, Archie Cabello landed a new job with another armored delivery services company in Portland. His responsibilities included making pick-ups and deliveries for banks and government offices, including the U.S. Federal Reserve.

“He was pretty quiet, kept to himself,” said Kirk Gulian, a former operations manager for the company, “Archie seemed like a reliable worker, nothing really stood out.”

Just 10 months into the job, authorities said Cabello launched his next plan. On Dec. 6, 2005, the FBI said he was supposed to pick up a large container full of cash for delivery across town. But before Archie could reach his destination he claimed he was robbed by a bearded gunman.

“Archie told me that an armed robber came up to the armored car, displayed his hand gun and said, ‘Open the door,’” said FBI special agent Don Metcalf. “The armed robber, according to Archie during the interview, says, ‘Start driving.’”

Cabello was later found parked near a church, where a dog walker happened to be passing by. Authorities said the dog walker saw Cabello handcuffed to the truck’s front door and called 911. Cabello told the 911 operator that a man held a gun to his head and took a “couple of bags of money.” Over $7 million was on the armored car that day, the FBI said, including two shrink-wrapped bricks containing $1.5 million each in hundred-dollar bills that was missing.

As police scoured the area looking for the gunman Cabello had described to them, Cabello quit his job. Authorities realized the two bricks, totaling in $3 million, was missing from his truck, and started to suspect the armed robbery had been faked.

“The truck protection is sufficient enough to handle pistol rounds,” O’Connor said, which led him to question why Cabello would have opened the truck door when he would have known the glass and door were bulletproof.

Four days after the “robbery,” the FBI went to Cabello’s home with a search warrant and found more than 100 credit cards and 620 money order receipts, but not the stolen cash. Authorities were unable to make an arrest at that time.

“We didn’t catch them with the money, we didn’t catch him red-handed doing anything,” O’Connor said.

Prosecutors brought in IRS agent Miranda Cole to go over the credit card information and money order receipts found in the home search.

“He was really smart in how he spent his money,” Cole said. “He was renting his house. He had older vehicles. He had credit card expenses, but they were not extravagant.”

Their investigation found that Archie Cabello had made about $44,000 in legitimate earnings over a four-year period after the 2005 Oregon robbery, but the family had spent more than a quarter million dollars on the credit cards.

“They would purchase things on the credit cards and pay the bills off with these money orders, and of course, money orders can only be purchased in cash,” said Assistant U.S. Attorney Claire Fay.

But then Cabello’s son Vincent bought a Hummer and paid in cash, which is how authorities knew the Cabellos still had the money.

2010

Four days before the statute of limitations for charging someone with a crime expired on the 2005 Oregon robbery, authorities arrested Archie, Marian and Vincent Cabello.

Facing a 51-count indictment for conspiracy to steal and possess bank money, false statements in credit card applications, filing a false tax return, and money laundering, the Cabellos were released, pending trial.

2012

In February 2012, prosecutors received a call from Vincent Cabello’s lawyer, saying he was ready to cooperate with authorities.

“He was very willing to tell a long story of how this had started in the ‘90s and it carried through to 2005, when they committed the large $3 million theft,” said Assistant U.S. Attorney Tom Edmonds. “He was, in a way, getting something off his chest.”

Authorities said Vincent told them about a safe deposit box in Bellevue, Washington, that his father had set up under a fake name. Records show this was where Archie Cabello had stashed the stolen $3 million and he had visited the safe deposit box more than 50 times to take cash back to Portland.

According to Vincent, Archie Cabello used the cash to buy money orders to pay off the credit cards and also gave cash to his wife and son, hidden in household product containers with false bottoms around the house, the FBI said.

When authorities opened the safe deposit box, it still had roughly $1.9 million inside.

During questioning, FBI special agent Ken O’Connor said Vincent admitted he and his father had carried out the Portland robbery.

He said his father sent his fellow courier inside the bank for a pick-up, then took off and called Vincent from a throwaway phone to get into position.

Vincent told authorities that Archie then pulled the truck near the pre-arranged meeting point in a neighborhood called Ladd’s Addiction. As Archie kept the truck moving to avoid suspicion, Vincent secretly jumped onto the truck, filled two bags of cash totaling $3 million, and waited until Archie drove back past Vincent’s vehicle, where Vincent then jumped off, taking Archie’s throwaway phone with him.

After Vincent was off the truck, authorities said that was when Archie drove to the church, handcuffed himself, and waited.

After Vincent’s confession, Archie and Marian Cabello were re-arrested for violating the terms of their release and held in custody until trial.

Vincent later testified against his father in federal court.

2013

In March 2013, Vincent and Marian Cabello received a 15-month prison sentence each for their roles in the Portland theft. Both had previously pleaded guilty to conspiracy to commit bank fraud and conspiracy to commit money laundering, but their sentences were reduced for cooperating with police.

Archie Cabello, acting as his own attorney at trial, pleaded guilty and was sentenced to 20 years in a federal prison in Texas for stealing $3 million from an Oregon armored services truck. Cabello had previously pleaded guilty to conspiracy to commit bank larceny, possession of stolen bank funds, making false statements on credit applications, making and subscribing to a false income tax return, and money laundering. He is due to be released in July 2029.

The Cabellos declined “20/20” requests for comment on this report.

“Having this money was a huge break in the case,” said prosecutor Claire Fay. “It would have been a much more difficult case without the money.”

Copyright © 2016, ABC Radio. All rights reserved.

0
comments



Subscribe To This Feed

The Walt Disney Company(NEW YORK) --  A Craftsman bungalow in the Los Feliz neighborhood of Los Angeles that was once the home of Walt Disney has been temporarily saved from demolition.

The Los Angeles Office of Historical Resources on Wednesday put a 75-day hold on the two-bedroom home that is said to be the Disney founder’s first home in Los Angeles.

Ken Bernstein, the Office of Historical Resources' manager and principal city planner, told ABC News his department took action after the home’s current owners applied for a demolition permit.

“We initiated the hold for three reasons,” Bernstein said. “The demolition appeared imminent, we had already identified the property as significant in our city-wide survey, and because of the iconic status of Walt Disney to Los Angeles and Southern California and internationally.”

Disney rented the home from his uncle in 1923, reports Los Angeles ABC station KABC-TV. He and his brother, Roy Disney, later moved to an apartment across the street but set up a studio in the bungalow’s cottage when they lived there.

The Disney brothers would go on to co-found a movie studio and open Disney theme parks. Disney is the parent company of ABC News.

The home’s current owners, identified by city records as Sang Ho Yoo and Krystal Soonbae Kim Yoo, could not be immediately reached by ABC News.

Bernstein said his office is now in the process of putting together a “more comprehensive nomination” for the property to be considered as a Los Angeles Historic-Cultural Monument.

“It is not a step we take lightly,” Bernstein said. “This is so the property’s history can be fully evaluated before any demolition could be considered.”

Once the nomination is submitted, it will go to the city’s Cultural Heritage Commission. The final decision will be made by the Los Angeles City Council.

Bernstein said he expects the Cultural Heritage Commission hearing to not happen until September.

Copyright © 2016, ABC Radio. All rights reserved.

0
comments



Subscribe To This Feed

Noam Galai/Getty Images for GIFF(NEW YORK) -- A day after Roger Ailes stepped down as chairman of Fox News amid sexual harassment allegations, the attorney behind the lawsuit that kicked off the scandal claims that Ailes’ alleged harassment goes back decades.

Ailes, who has denied the claims against him, resigned from his post at the top of Fox News yesterday weeks after former network anchorwomen Gretchen Carlson filed a lawsuit against him alleging that he “sabotaged” her career because she “refused his sexual advances” and that she was fired for rebuffing him and complaining to him about sexual harassment.

Carlson’s lawyer, Nancy Smith, told ABC News Friday that the lawsuit was still pending, and noted that since it was filed, several women have come forward with their own allegations.

“I’ve spoken to women in every decade since the '60s who have been harassed by Roger Ailes -- well up into the 2000s and up to 2010,” she said. “For some, it’s quite traumatic.”

The lawyer also said that her client’s position could be improved because of Ailes’ rapid exit.

“A jury could definitely draw some conclusions by Mr. Ailes’ quick departure,” she said. “Our case continues.”

Ailes, who had overseen the network since its inception two decades ago, resigned effective immediately earlier this week, saying in a letter to his boss that he would “not allow [his] presence to become a distraction from the work that must be done every day to ensure that Fox News and Fox Business continue to lead our industry.”

Ailes’ boss, Rupert Murdoch, assumed control of Fox News as chairman and acting CEO.

Smith said that she and Carlson were “surprised” by the resignation and never imagined it happening so fast, saying “we were in it for the long haul.”

She said that Carlson’s legal team had not shared evidence from their case with investigators who were conducting an internal review for Fox News, suggesting that Ailes’ resignation was based on what was learned in the internal investigation.

Requests for comment to Ailes’ lawyer, Susan Estrich, were not immediately returned. Fox News did not immediately return ABC News' request for comment.

However, in the past, Ailes has said that “Gretchen Carlson’s allegations are false. This is a retaliatory suit for the network’s decision not to renew her contract, which was due to the fact that her disappointingly low ratings were dragging down the afternoon lineup.”

In response to Smith’s claim that other women have made similar allegations against Ailes, his outside counsel, Barry Asen, told New York magazine earlier this month: "It has become obvious that Ms. Carlson and her lawyer are desperately attempting to litigate this in the press because they have no legal case to argue. The latest allegations, all 30 to 50 years old, are false."

Carlson’s case will return to court on Aug. 15, when it is expected that a decision will be made over whether the case will be heard in New York or New Jersey.

Ailes’ immediate future was not clear.

A corporate source previously told ABC News that the former chairman will be available as an informal adviser to Murdoch, but would not be advising Fox News directly nor would he be a regular fixture inside the organization. That source was speaking on the condition of anonymity, because the source was not authorized to speak publicly about the matter.

Copyright © 2016, ABC Radio. All rights reserved.

0
comments



Subscribe To This Feed

iStock/Thinkstock(NEW YORK) -- Stocks hit their fourth straight week of gains after closing in the green on Friday.

The Dow closed up 53.56 ( 0.29 percent) to finish at 18,570.79.

The Nasdaq gained 26.26 ( 0.52 percent) to close at 5,100.16, while the S&P 500 closed at 2,175.03, up 9.86 ( 0.46 percent) from its open to hit a new record.

Crude oil dropped over 1 percent with prices hitting about $44 a barrel.

Yahoo: Verizon is reportedly close to a deal acquiring Yahoo's internet business, according to the Wall Street Journal. There were no specifics given in the report, but sources told WSJ that terms could be reached within days. The news helped push Yahoo's stock up over 1 percent at the close.

American Airlines: American Airlines' shares soared over 4 percent after beating experts' expectations on profit in the second-quarter, helped by cheaper fuel, but still falling 44 percent from a year ago. The airline reported earning $950 million for $1.77 earnings per share in quarter two.

Nintendo: Nintendo's stock continued to enjoy its rally after the wildly successful Pokemon Go mobile game was finally released in Japan, where Pokemon originated in the 1990's. The launch was paired with a McDonald's sponsorship deal including Pokemon-themed meals.

Copyright © 2016, ABC Radio. All rights reserved.

0
comments



Subscribe To This Feed

iStock/Thinkstock(NEW YORK) -- Thieves are using a simple scam to steal cellphones from unsuspecting strangers -- and one eatery allegedly caught the trick on camera.

After numerous customers at Chicago's Popeyes-Gold Coast Dogs restaurant complained about lost cellphones, the manager checked his surveillance video.

In one instance, the video showed a man eating alone at a table with his cellphone resting nearby. Two young men then walk into the restaurant, pull fliers out from under their shirts and then approach the man who was eating.

In the video, they cover the phone with the papers as they speak briefly to him. Moments later, the pair leave, allegedly taking the man's cellphone with them. The man can be seen on the video lifting his tray, trying to figure out what happened to his phone.

"I think it's kind of sad that this is now our new normal that we have to be extra, extra, extra cautious with our belongings," Bridgette Gilbert, a customer at the restaurant, told WLS-TV, an ABC News affiliate in Chicago.

The manager of the eatery told WLS-TV that he'd fine-tuned his cameras after he'd heard from police about similar crimes being committed at area restaurants.

According to Consumer Reports, more than 2 million cellphones were stolen in 2014.

Copyright © 2016, ABC Radio. All rights reserved.

0
comments



Subscribe To This Feed

iStock/Thinkstock(TOKYO) -- The wait is finally over in Japan.

On Friday, Japanese Pokemon fans were able to play the wildly successful "Pokemon Go" mobile game where Pokemon first originated in the 1990's.

The launch of the app, released in the U.S. a few weeks ago, is partnered with a McDonalds sponsorship deal selling Pokemon-themed meals in Japan.

Japanese officials issued warnings for the gamers ahead of the release including asking them to use unique names and to stay away from "dangerous zones" while playing, according to the Japan Times.

"I want people to abide by the warning so that people can play it on smartphones safely," Chief Cabinet Secretary Yoshihide Suga said Thursday, according to BBC.

The global success of Pokemon Go has helped Nintendo's stock price more than double since the release.

Copyright © 2016, ABC Radio. All rights reserved.

0
comments



Subscribe To This Feed

Patrick Marsden(NEW YORK) -- One travel lover got super creative when it came to proposing to his girlfriend of four years.

Patrick Marsden told ABC News he and his girlfriend Molly Beucher love to travel. So before getting on a flight from Washington, D.C., to Sao Paulo, Brazil, he contacted United Airlines to get some help to pull off a mile-high proposal using a fake in-flight video.

"I knew that I wanted to do some travel-themed proposal," Marsden, 32, said of his inspiration. "Like all great decisions, it occurred to me in the bath."

After contacting customer service for permission, he and his close friends filmed a video matching the airline's YouTube video promoting its in-flight dining options.

In the video posted by the airline Thursday, Marsden pops up unexpectedly onscreen and says, "As you might have worked out by now this isn't actually a video about your in-flight dining options. What it is is a fairly elaborate way to ask a question that I've been wanting to ask you for quite some time."

"It was the last place she'd expect it," Marsden said of his plan.

Marsden recalled that 10 minutes before the flight, he "got very nervous." Still, the video worked!

Beucher, 29, is seen cupping her mouth in surprise in the heartwarming video. She eventually says yes and passengers, along with the cabin crew, applaud.

The two celebrated by sharing champagne on the plane ride to Brazil. "It was very festive," Marsden added.

The Santa Monica, California, man said he's looking forward to marrying Beucher in Havana, Cuba, next spring. He added that he's looking forward to "even more laughter and travel."

Copyright © 2016, ABC Radio. All rights reserved.

0
comments



KJC Kennel Club



   

 




JET

2007-2009

"Always in our Heart! "

LinkedUpRadio Envisionwise Web Services