ABC Business News

WoodyAlec/iStock(NEW YORK) — Federal authorities hit Huawei with racketeering, conspiracy to steal trade secrets and a litany of other charges Thursday in the latest escalation of tensions between the U.S. and the Chinese telecom giant. The allegations

Oli Scarff/Getty Images(LONDON) — Oil giant BP announced they plan to become net carbon zero by 2050, while also helping the world reach net zero. In order to become net-zero the company will need to remove or

Delmaine Donson/iStock(NEW YORK) — Popular hair care and styling brand DevaCurl is facing backlash after several people claimed that products from the company have damaged their hair. At the end of 2019, former DevaCurl hairstylist Stephanie Mero,

Honda(NEW YORK) — Honda is recalling more than 241,000 of its popular Odyssey minivans for a potential wiring problem in a power outlet that can increase the risk of a fire, according to the National Highway Traffic

Robert Wei/iStock(BEIJING) — Chinese e-commerce giant JD.com and its partner, Dada Group, announced they’re creating 35,000 jobs for those unable to work due to the coronavirus outbreak in the country. “The move aims to minimize the impact

wingedwolf/iStock(WASHINGTON) — The U.S. economy added a higher-than-expected 225,000 jobs in January, according to the latest report from the Bureau of Labor Statistics released Friday. The unemployment rate rose by a fraction of a percentage point to

Bonnie Halpern-Felsher(WASHINGTON) — Executives from some of the largest e-cigarette companies are set to face questions about their role in the rising rates of e-cigarette use and nicotine addiction among young people in a congressional hearing on

lcva2/iStock(NEW YORK ) — Microsoft has announced a plan to become carbon negative by 2030 and to remove all the carbon they have emitted since their founding by 2050. The company will need to remove more carbon

jetcityimage/iStock(NEW YORK) — Amazon places the blame directly on President Donald Trump for why it was passed over for a $10 billion Pentagon contract, arguing in newly unsealed court documents that Trump used his power to influence

kitzcorner/iStockBY: DR. KRISTEN KENDRICK (NEW YORK) — Could the presence of more local beauty shops, sports teams, and nature walks have an effect on suicide rates? Perhaps, according to a new study in the Journal of the