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ExxonMobil 'Winding Down' Drilling at Russian Well


Photo by David McNew/Getty Images(NEW YORK) -- ExxonMobil will suspend drilling at its oil well in the Russian Arctic, complying with U.S. sanctions against Russia.

The company said that it would wind down operation, with the permission of the U.S. Treasury Department. ExxonMobil cited "the need to protect the safety of the individuals as well as the risk to the environment" related to the "complexity" of it University-1 well.

The Treasury Department, ExxonMobil says, granted the company a license to slow their drilling instead of ceasing it entirely immediately.

The well was involved in exploratory drilling, meaning it will have little to no impact on oil output.

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Ali Baba Soars in Its First Public Day on the Stock Market


vichie81/iStockphoto/Thinkstock(NEW YORK) -- A long-awaited IPO got a lot of attention on Friday, but it didn't do too much to help the markets. 

The Dow Jones Industrial Average went up 13.75 points Friday, closing at 17,279.74. The Nasdaq lost 13.64 points, ending the day at 4,579.79, while the S&P 500 lost .96 of a point, closing at 2,010.40.

The Chinese e-commerce company Ali Baba went public Friday, soaring 38% in its first day of trading to close at almost $94 per share. More than 100,000,000 shares were traded, and by mid-day, it was bigger than the Twitter IPO.

General Motors CEO Mary Barra says the company will begin working on a new Cadillac early next year. The high-end car will be built in Detroit and is expected to bring much-needed jobs to the city.

The NFL is facing several domestic violence scandals, but they don't appear to be hurting the bottom line. Merchandise sales are up 23% so far in September and the four highest-ranking TV shows last week were all NFL games.

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What to Do After You Buy an iPhone 6 or iPhone 6 Plus


Apple(NEW YORK) -- The new iPhone 6 or iPhone 6 Plus is in your hands -- the culmination of weeks of anticipation.

Perhaps you were one of the millions of people who woke up in the middle of the night last week to be one of the first to pre-order the new smartphones. Or maybe you spent hours, days or even weeks camped outside an Apple store for the chance to be one of the first people to upgrade.

Now that the prize is in your hands, here's what you need to know to get acquainted with your new phone:

Getting Set Up

Assuming you've already backed up your data from your old iPhone to the iCloud or iTunes, you're now ready to get started.

Once you turn on your new iPhone, swipe the screen when prompted to begin setting it up. Choose a language, connect to Wi-Fi and then sign into your iCloud account.

Important: Don't upgrade to iCloud Drive just yet. The service, which makes sure you have the most up to date versions of your documents everywhere, only works on iOS 8 and OS X Yosemite, which has not yet been released to the public. This means you could potentially be unable to access your documents on another device.

Restore Your Backup

You should see the option "Restore From iCloud Backup." If you'd rather sync from iTunes, make sure you're connected via a lightning cable and select "Restore From iTunes Backup."

Depending on how much data you have to transfer, this could take a while. The iPhone should restart when the restoration is complete.

If you've never used an iPhone before, choose "Set Up As New iPhone."

Security

Make sure you activate Touch ID when you're prompted during set-up. Your thumb print could make all the difference in keeping your private photos and messages secure.

New Features


The iPhones are also packed with new features, including "reachability." With a double touch, the display can slide down so users can reach "anything" at the top of the phone, an ideal feature for multitasking.

You also now have a reason to take the stairs -- the iPhone 6 will have a barometer for elevation.

Both devices also boast better cameras that have a faster and sharper focus.

Apple Pay, the company's digital wallet that is slated to make its debut in October, will also be supported on the new iPhones.

Battery Life

When it comes to battery life, both phones meet or exceed the iPhone 5 in all metrics -- so you may notice at least a slight difference.

The iPhone 6 has up to 14 hours of talk time on a 3G network, while the iPhone 6 Plus boasts up to 24 hours, according to information posted on Apple's website.

When it comes to surfing the Internet on Wi-Fi through the devices, the iPhone 6 has up to 11 hours while the iPhone 6 Plus can handle an additional hour.

The iPhone 6 has up to 11 hours of video playback, while the iPhone 6 Plus has up to 14 hours.

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Pabst Brewing Co. Purchased by Russian Beverage Distributor


Photo by Tommaso Boddi/Getty Images(NEW YORK) -- Pabst Brewing Co., the brewer of popular American beer Pabst Blue Ribbon, among other offerings, has been acquired by Russian beverage distributor Oasis Beverages, as announced in a Thursday press release.

Oasis Beverages and private-equity firm TSG Consumer Partners partnered to acquire the brand. The Wall Street Journal reports that that deal values Pabst Brewing Co. as between $700 million and $750 million.

Eugene Kashper, Chairman of the Board for Oasis Beverages, will serve as the CEO of Pabst Brewing Company, and the headquarters will remain in Los Angeles, California.

Kashper called Pabst Blue Ribbon "the quintessential American brand."

"It represents individualism, egalitarianism, and freedom of expression -- all the things that make this country great," Kashper said in a statement.

Pabst Brewing Company also produces other American brands, including Rainier, Lone Star, Old Style, Schlitz and National Bohemian.

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Girls vs. Boys: How Hasbro's New Nerf Toys Compare


Hasbro(NEW YORK) -- Toy maker Hasbro is targeting the girl market by making toy gun play a more social activity.

Hasbro brand Nerf Rebelle's latest five toys, as part of the "Secrets and Spies" line, allow kids to write messages to friends on darts the company says will fly up to 85 feet away. The toys in the line include message decoders, "preparing kids for the ultimate spy mission," according to the company's product description.

The toy line's marketing language says it's built from "play insights" from over 1,200 girls and "delivers on features they asked for."

Nerf Rebelle, which is separate from the Nerf brand, was introduced last year, coinciding with the popularity of action heroines, such as arrow-wielding Katniss Everdeen in the Hunger Games book series and films.

In its marketing language, Nerf Rebelle avoids calling any of the purple and orange products weapons or guns, instead describing the cross-bow-like and shooting toys as "blasters."

The new toys are available now at major toy retailers and are intended for children ages 8 and older.

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Apple CEO Tim Cook Surprises Fans Waiting in Line for iPhone 6


Justin Sullivan/Getty Images(PALO ALTO, Calif.) -- Apple CEO Tim Cook surprised iPhone enthusiasts who were lined up outside an Apple store Friday in Palo Alto, California, waiting to buy the new iPhone 6 and iPhone 6 Plus.

Cook posed for selfies with Apple enthusiasts and cheered alongside them when it came time to open the doors at 8 a.m.

The phones, which were unveiled at a Sept. 9 media event in Cupertino, California, are already shaping up to be one of Apple’s biggest successes to date. Pre-orders for the smartphones have broken all previous benchmarks, according to the tech giant.

Cook has called the plus-sized devices the best phones Apple has ever produced.

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Apple's iPhone 6 and iPhone 6 Plus Arrive in Stores


Apple(NEW YORK) -- The big day is here.

Sept. 19 has been circled on the calendar of Apple enthusiasts who woke up in the middle of the night last week to pre-order the new iPhone 6 and iPhone 6 Plus. Others have spent days camped outside Apple stores for a chance to be one of the first customers to purchase the new smartphones when the doors open at 8 a.m. local time all across the United States.

Apple said a limited supply of phones will be available in its stores for walk-in customers Friday -- but they'll likely go fast.

The devices, which boast larger screens, are so popular since their unveiling last week that they have broken all iPhone pre-order sales records. More than 4 million pre-orders for the phones were placed when they went on sale last Friday, according to Apple. The iPhones are also in high demand from mobile carriers, many of whom projected delivery dates stretching into October.

One of the things that makes the iPhone so hot, aside from being the latest Apple product, is the larger screen sizes. The iPhone 6 is 4.7 inches, while the iPhone 6 Plus measures 5.5 inches diagonally, giving Samsung, which has dominated the giant phone market, some competition.

The iPhones are also packed with new features, including "reachability." With a double touch, the display can slide down so users can reach "anything" at the top of the phone, an ideal feature for multitasking.

Apple Pay, the company's digital wallet that is slated to make its debut in October, will also be supported on the new iPhones.

The iPhone 6 starts at $199 for a 16 GB configuration, $299 for 64 GB and $399 for a 128 GB configuration, with a two-year contract.

The iPhone 6 Plus starts at $299 (16 GB), $399 (64 GB) and $499 (128 GB). Both phones come in three colors: gold, silver and space gray.

If you're not getting a new iPhone Friday, be sure to check out the next best thing. Earlier this week Apple unveiled iOS 8. While the operating system will come installed on the iPhone 6 and iPhone 6 Plus, users of certain earlier generation Apple products will also be able to download it on their devices.

The operating system makeover is being hailed as Apple's biggest ever because it comes with a slew of new updates to popular apps, including messages, photos and the keyboard -- making your old device feel new again.


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Oracle CEO Larry Ellison Steps Down


Justin Sullivan/Getty Images(REDWOOD SHORES, Calif.) -- Oracle founder Larry Ellison announced Thursday that he will step down as the software company's CEO.

The tech guru, 70, and prominent public figure will turn over the reins to his two co-presidents, Safra Catz and former Hewlett-Packard executive Mark Hurd.

Ellison founded the Oracle in 1977. It is valued at $185 billion.

Ellison follows other influential founders to turn over the chief executive office, including Bill Gates in 2000 and Steve Jobs in 2011.

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McDonald's Customers Dish About Free Coffee on Social Media


McDonald's(NEW YORK) -- McDonald's latest free coffee promotion is in full swing, and excited fans are talking about it on social media.

Customers can stop by participating locations in the United States until Sept. 29 for a free small McCafe during breakfast hours.

The fast-food chain says it knows how much people need their coffee, and is calling on people who come in to "sip and tell" by sharing embarrassing moments that happened before they got their caffeine fix, on social media using the hashtag #SipandTell.

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First iPhone 6s in Moscow Cost Up to 90,000 Rubles or $2,300


Mario Tama/Getty Images(MOSCOW) -- As hundreds line up around the world for the new iPhone 6 and 6 Plus, gray market importers in Russia are starting to fly them in and re-sell them at a massive profit.

In Moscow, home to three Bentley showrooms but zero Apple stores, there is no shortage of people willing to pay top dollar to have the latest phone even just a few days before everyone else. Internet stores are offering the new phones at a substantial markup, but those who want to receive them before next week will have to pay even more.

Among several vendors contacted by ABC News, most that said they would have the phones by Friday night priced the basic 16 GB version of the iPhone 6 at around 60,000 rubles, or roughly $1,550. (The prices quoted on their websites are for delivery next week.) That’s more than double the cost in the United States, where an unlocked, contract free iPhone 6 starts at $649.

One store priced the basic iPhone 6 model at 89,990 rubles, or over $2,300. Across the board, iPhone 6 Plus prices were about 10,000 rubles, or over $250, more than the smaller phone.

“They’re very expensive right now,” a salesperson at applelifestyle.ru said, advising callers to wait until next Tuesday or Wednesday when the price will drop roughly in half.

The stores said they’re seeing just as much demand, if not more, for this year’s new iPhones compared to previous years. One vendor said he had a long waitlist and could not say when they would be available. Most of the shops said they were seeing more demand for the iPhone 6 Plus compared to the iPhone 6, despite the higher price.

In previous years the price in rubles for the newest model iPhone was nearly the same, though Russia’s currency has taken a dive since then, driving down the price in dollars.

The vendors said their phones were arriving mainly from Europe and the United States. The first batches are expected to arrive Friday night and Saturday morning. Some sellers declined to say whether they had paid customs duties to import them. Others insisted they were legit and offered one year warranties.

An authorized Apple retailer in Russia said they did not expect to receive the new iPhones until next Friday. Even then they’ll offer the basic iPhone 6 model for 31,990 rubles, or over $830.

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Home Is Where the Heart Is -- and Also Most of the Expenses


iStock/Thinkstock(NEW YORK) -- For American homeowners, their house is probably the biggest asset they have. However, it is often the biggest expense in their budget.

A survey released this week by the non-profit Employee Benefit Research Institute shows home and home-related costs are the biggest expense for folks over the age of 50, accounting for 40 percent to 45 percent of their household budgets.

A 2011 analysis of some 5,000 households shows people ages 65 to 74 spent an average of $18,720 on home and home-related expenses, while those 75 to 84 spent $14,732.

Home-related expenses include mortgages, property taxes, homeowner's or renter's insurance, rent, utilities, home repairs, home furnishings, housecleaning supplies, housekeeping and laundry services, gardening, yard supplies and yard services.

Sudipto Banerjee, a research associate for the institute and author of the new report, tells USA Today the dollar amount people spend on home expenses decreases with age, but the share of the household budget remains about the same because their overall spending tends to decline, too.

And it's no surprise that health expenses take up a larger percentage of a household budget as people age.  The survey found households with one member between the ages of 50 to 64 spent eight percent of their total budget on out-of-pocket medical expenses, an average of $4,176 in 2011. Those 85 and older spent 19 percent of their budget, an average of $6,603 that year.
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Texas-Based Insurance Company Investigating Possible Breach of Personal Information


scyther5/iStockphoto/Thinkstock(NEW YORK) -- An unknown number of insurance applications containing personal information held by a Texas-based life insurance holding company may have been compromised in an apparent breach.

Torchmark Corporation told ABC News on Thursday that it was working with the FBI and the U.S. Secret Service on a criminal investigation. The company also intends to notify potentially affected customers.

The company declined to note when the breach began, whether it is contained and whether they have determined the source of the breach. A company spokesman said that the breach was "limited in scope," but declined to provide figures of more detailed information.

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Home Depot Says 56 Million Cards Affected in Data Breach


Romanista/iStock Editorial/Thinkstock(NEW YORK) -- More than two weeks after Home Depot's cyber-attack was first discovered, the retailer said Thursday that the payment data breach exposed 56 million credit and debit cards.

The company said the breach has been contained and the malware responsible has been eliminated. The malware was custom-built to evade detection and, contrary to earlier reports, had not been seen in other breaches, the company said.

The breach eclipsed that of Target last year, which affected about 40 million credit and debit cards.

Like Target, Home Depot is offering free identity protection services, including credit monitoring, to any customer who used a payment card at a Home Depot store beginning in April 2014.

Home Depot promised “significant new protection for customers” in a statement released Thursday, pledging $62 million. The company confirmed that the attack lasted from April to September.

The company has 2,266 retail stores globally, including the U.S., Guam, Canada and Mexico.

Home Depot claims there's "no evidence that debit PIN numbers were compromised" or that the breach affected customers who shopped online.

The investigation into the breach began on Sept. 2 after the company received reports from law enforcement and banks.

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More Gains on Wall Street After Positive Unemployment Numbers


JaysonPhotography/iStockphoto/Thinkstock(NEW YORK) -- Thursday marked a third consecutive day of gains for Wall Street, partially bolstered by a positive weekly unemployment report from the Department of Labor.

The Dow Jones Industrial Average finished up 109.14 to a record close of 17,265.99.

The Nasdaq jumped 31.24 to 4,593, while the S&P 500 climbed 9.79, ending the day at an all-time high close of 2,011.36.

The Labor Department reported Thursday that 36,000 fewer Americans claimed unemployment benefits last week. The report also noted the lowest level for insured unemployment since May 2007.

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Three Key Differences Between iPhone 6 and iPhone 6 Plus


Apple(NEW YORK) -- Having trouble choosing between Apple's iPhone 6 and iPhone 6 Plus?

Both devices will be available in stores on Friday. Apple CEO Tim Cook called them the best iPhones Apple has ever produced.

Here's a quick cheat sheet on the features of the iPhone 6 and the iPhone 6 Plus, including how they differ:

Screen Size

The most obvious physical difference between previous iPhones and the latest devices is the screen size. The iPhone 5S screen was 4 inches.

The iPhone 6 is 4.7 inches, while the iPhone 6 Plus measures 5.5 inches diagonally -- giving Samsung, which has dominated the giant phone market, some competition.

Price

The iPhone 6 starts at $199 for a 16 GB configuration, $299 for 64 GB and $399 for a whopping 128 GB configuration, with a two-year contract.

The iPhone 6 Plus starts at $299 (16 GB), $399 (64 GB) and $499 (128 GB). Both phones come in three colors: gold, silver and space gray.

Battery Life

While both phones meet or exceed the battery life of previous iPhones in all metrics, there is a clear winner.

The iPhone 6 has up to 14 hours of talk time on 3G, while the iPhone 6 Plus boasts up to 24 hours, according to information posted on Apple's website.

When it comes to surfing the Internet on Wi-Fi through the devices, the iPhone 6 has up to 11 hours while the iPhone 6 Plus can handle an additional hour.

The iPhone 6 has up to 11 hours of video playback, while the iPhone 6 Plus has up to 14 hours.

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