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Articles by Susanna Kim
Alan Greenspan, longtime chairman of the Federal Reserve, dies at 100
ByCatherine Thorbecke, Susanna Kim, and Patricio Chile Monday, June 22, 2026 11:33AM Alan Greenspan, the longtime chairman of the Federal Reserve, has died, his wife confirmed. He was 100 years old. "Alan passed away at our home this morning at the age of 100 from complications of Parkinson's Disease," Andrea Mitchell, his wife and a chief correspondent at NBC News, said in a statement published by NBC News on Monday.
Important Considerations When Receiving An Inheritance
Receiving an inheritance can be a bittersweet experience for someone in the midst of grieving the loss of a parent or other loved one. While most beneficiaries may not be surprised to learn that they are inheriting assets, they may not be aware of the implications of receiving an inheritance. Depending on the type of assets inherited, there are various tax consequences and other rules dictating how a beneficiary can receive and use those inherited assets.
Man Who Brought KFC to England Says He Won't Eat There
The man who brought restaurant chain KFC to Great Britain, and a former friend of "the Colonel," says he "he would not go in there" these days. Raymond Allen, 87, opened the United Kingdom's first KFC in Preston, Lancashire decades ago. This week, however, he told London's The Telegraph: "We have got one where I now live, but I would not go in there. I don't use it and I think it is dreadful.
Whitney Houston's Estate Expected to Get Boost After Death, But Less Than Michael Jackson
Whitney Houston's legal tangles to continue after her death. By SUSANNA KIM February 14, 2012, 12:32 PM • 8 min read Feb. 14, 2012 -- Whitney Houston had her fair share of chart-toppers, even posthumously on iTunes and Amazon, and though the superstar's finances took a hit during her personal struggles, it is still believed to be a substantial estate that will only get larger.
Median 401(k) Balance Down to $23,000
May 3, 2012 -- At the peak of his retirement savings, around 2006, John Taylor had about $66,000 in his employer-sponsored 401(k) -- until the recession and a chain of unexpected events drained his fund completely. Taylor's story may sound unthinkable to many American workers who don't think twice about their employer-sponsored 401(k) plans, which allow workers to set aside untaxed dollars that can accumulate tax-free until retirement.
Colorado Woman Says Christian School Asked About Her Relationship With Boyfriend
May 9, 2012 -- A Colorado woman claims she was unfairly fired from her job at a private, Christian liberal arts university after administrators asked if she was "living in sin" with her boyfriend. Ashlie Simpson, 31, was a student service advisor at Colorado Christian University in Lakewood, Colo., from September 2009 until January 2012 when she was terminated.
Facebook Stock: Mark Zuckerberg and IPO Underwriters Sued
More questions arise about Facebook's hyped IPO. By AARON KATERSKY and SUSANNA KIM May 23, 2012, 3:55 PM • 5 min read May 23, 2012 -- Facebook and its IPO underwriters are being sued and face pointed questions from lawmakers about whether they misled some investors before the largest initial public offering by a tech company in U.S. history.
May Unemployment Rises to 8.2 Pct.
Jobs additions were anemic in May, Labor Department reports. By SUSANNA KIM June 1, 2012, 12:12 PM • 3 min read June 1, 2012 -- The nation's jobs picture dimmed in May as employers added just 69,000 jobs and the unemployment rate ticked up to 8.2 percent, a continuation of a long, slow employment recovery that began 33 months ago. Economists had expected 150,000 new jobs and the jobless rate to stay at 8.1 percent, according to Bloomberg.
FB Earnings: Facebook Beats Sales Estimates, But Share Slide Continues
Will advertisers come flocking to Facebook after its earnings report? By SUSANNA KIM July 26, 2012, 4:18 PM • 4 min read July 26, 2012 -- Facebook (Nasdaq: FB), after its disastrous initial share offer in May, issued its first earnings report as a public company today, barely topping analyst expectations for sales at $1.184 billion and meeting profit estimates. But the share sell-off continued as investors worried about slowing growth.
CEO Says He May Lay Off Employees if Obama Re-elected
David Siegel, CEO of Westgate Resorts, emailed employees with his concerns. By SUSANNA KIM October 11, 2012, 1:01 PM • 5 min read Oct. 11, 2012 -- Outspoken time-share mogul David Siegel surprised his thousands of employees in an email this week that indirectly stated that layoffs could be likely if President Obama is re-elected, which some analysts say have crossed the line as a CEO. Siegel founded Westgate Resorts in Orlando in 1982.
How a 'Programming Error' Led to an Oregon Couple's $2 Million Cell Phone Bill
Benzinga Jim Cramer Likes These Stocks If Joe Biden Wins The Election Jim Cramer discussed Tuesday on CNBC's "Mad Money" his "basket of winners" if former Vice President Joe Biden wins the presidential election.Cramer believes if Biden wins the election, the Democrats will be eager to throw money at the solar industry. Two solar stocks he likes: First Solar, Inc. (NASDAQ: FSLR) and Tesla, Inc. (NASDAQ: TSLA). Infrastructure is another industry Cramer believes will be a winner if Biden wins.
Debt Crisis: 5 Money Lessons Individuals Can Learn from the Debate
July 29, 2011 -- Financial planners say families and individuals can learn vital lessons from the federal government's budget deficit and debt ceiling quandary. They note that if families were to behave the way the government does, the road to ruin would soon follow.
Home Depot Apologizes for Racist Tweet Sent From Its Twitter Account
The home improvement retailer pulled the tweet and apologized Thursday. November 8, 2013, 7:36 PM 2 min read Home Depot apologized for a racist tweet it posted to its account on Nov. 7, 2013. Home Depot apologized for a racist tweet it posted to its account on Nov. 7, 2013.undefined Twitter Nov. 8, 2013 -- Home Depot is apologizing for a racist tweet and blaming the agency that sent it from the company account.
Missouri Man Paid $50,000 in Interest After Taking $2,500 in Payday Loans
Small payday loans are touted as quick, short-term access to money, but people like Elliott Clark of Kansas City, Missouri, call them "debt traps." A retired and disabled Marine, Clark still has a hard time talking about the more than 5 years in which he says he struggled to pay $50,000 in interest which began with $2,500 of these loans, sometimes called "cash advances" or "check loans." "It was hard for me to talk about it without breaking down in tears," Clark told ABC News.
Apple [AAPL] CEO Tim Cook Denies Unfair Tax Advantage Over Smaller Companies
May 21, 2013 -- Apple [NASDAQ: AAPL] CEO Tim Cook, in Washington, D.C., today to answer questions about his company's avoidance of billions of dollars in U.S. taxes, told a Senate hearing the tech giant followed the law and "comprehensive tax reform" must be passed to even the playing field for multi-national companies.
Chicago FBI Analyst Sues FBI, Saying Fitness Test Biased Against Men
A male employee of the Federal Bureau of Investigation is suing the agency for gender discrimination, claiming that a physical fitness test to become an FBI agent is biased against men. Jay Bauer, a Ph.D. graduate of Northwestern University from Mount Prospect, Ill., said he missed the fitness test by one-push up, completing only 29 push-ups instead of the minimum 30 required for male trainees, which disqualified him from becoming a special agent.
Man Named Kim Adds 'Mr.' to Resume, Lands Job
Man Named Kim Adds 'Mr.' to Resume, Lands Job (ABC News) A man named Kim O'Grady says that letting employers know he was a male by using the honorific "Mr." allowed him to get a job after four months of rejections by employers who believed he was a woman. Kim O'Grady, a management consultant in Perth, Australia, wrote about his experience in a Tumblr blog post that has gone viral, catalyzing workplace equality advocates across the world.
How Paul Ryan's Tax Plan Measures Up For Americans
While Mitt Romney would reportedly pay less than one percent of his income in taxes under Paul Ryan's previous tax plan, most Americans making less than $200,000 would see a tax hike under the budget of Ryan proposed before his selection to be Romney's running mate, according to a report by Sen. Robert Casey Jr. (D-Pa.) Most of Romney's income is comprised of interest income, capital gains and dividends, which are not taxed under the plan Ryan first introduced in 2010.
The Unused Value in Gift Cards is Shrinking
As gift cards grow in popularity with consumers, for retailers they are the gift that keeps giving. Some $41 billion in gift cards have not been used since 2005, according to the research firm TowerGroup, and much of that cash will go straight into the bottom lines of the issuers. Gift card transaction volume in the U.S. passed the $100 billion mark in 2011, a new industry high, TowerResearch found in a recent report. About 85 percent of gift cards are used within 60 days.
McDonald's CEO Responds to 9-Year-Old Girl Who Claims Kids Are Being Tricked
Don Thompson, CEO of McDonald's Corp., found himself on the grill after a 9-year-old girl accused the fast food giant of trying to "trick kids into eating food that isn't good for them." Hannah Robertson, 9, flew in with her mom from Kelowna, British Columbia, to attend McDonald's annual shareholder meeting Thursday in Oak Brook, Ill., the company's headquarters.
Elon Musk and Tesla Fight Back After Feds Probe Model S
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Hundreds of Counterfeit Heinz Ketchup Bottles Discovered in New Jersey
A warehouse in Dover, N.J. was discovered to have hundreds of crates purported to be Heinz ketchup, which officials said may have been repackaged to sell for a profit. Other tenants who rent the space in a 7,000-square-foot warehouse noticed that bottles of ketchup were exploding. Heinz said fake ketchup bottles were labeled as Heinz's "Simply Heinz," its premium brand that uses sugar instead of high fructose corn syrup, which is found in its traditional version. A 32 oz.
Robber Cries at Montana Papa John's
(Image credit: ABC News) A man who intended to rob a Papa John's pizza restaurant in Montana to feed his family began crying before the clerk told him he would prepare a pizza and chicken wings. The would-be thief entered the restaurant just after midnight on Monday, wearing a hooded jacket and a red bandana, according to the Associated Press. He handed a restaurant clerk a note.
MLB All-Star Game: Why So Many Kansas City Royals Players Were Voted In
The fans have spoken: Seven, yes, seven Kansas City Royals baseball players are scheduled to participate in Tuesday's All-Star Game. The polls are now closed after Major League Baseball's 86th All-Star Game voting started in late April. The game -- which will be played in Cincinnati's Great American Ball Park -- will feature, among others, Kansas City third baseman Mike Moustakas.
Tech Firm Implements Employee ‘Zero Email’ Policy
You’ve got mail–not. Employees of tech company Atos will be banned from sending emails under the company’s new “zero email” policy. CEO Thierry Breton of the French information technology company said only 10 percent of the 200 messages employees receive per day are useful and 18 percent is spam. That’s why he hopes the company can eradicate internal emails in 18 months, forcing the company’s 74,000 employees to communicate with each other via instant messaging and a Facebook-style interface.
9 Ben-Gal Rules in Cincinnati Bengal Cheerleader's Lawsuit
A cheerleader for the NFL's Cincinnati Bengals is suing the team, saying she is paid less than $2.85 an hour. Alexa Brenneman, of Hamilton County, Ohio, accuses the Bengals of underpaying the Ben-gals cheerleaders, violating the Fair Labor Standards Act and state law, which requires a minimum wage of $7.85 an hour.
2012 Presidential Election: A Look Back at Where the Economy Was Four Years Ago
The last presidential election may seem as if it was just yesterday to many Americans, but it is a world away economically from the 2012 Presidential Election. In 2008 the economy was in a tailspin. Today, most economists say it is making a slow recovery -- too slow, the Obama and Romney campaigns agree. The unemployment rate in October 2008 was 6.8 percent, with about 10 million unemployed people. Today, the U.S. unemployment rate is 7.9 percent.
Citibank's Data Breach Begs the Question: Is Online Banking Safe?
Citibank acknowledged that a data security breach has exposed information on about 210,000 of its bankcard customers. While these data breaches seem to be growing more commonplace, experts offer tips to make online banking more secure. Citi's incident, one of the first known hacking cases at a bank, compromised data including credit card account numbers, names and contact information like email addresses.
US Open Fans Bring More Dollars to New York Than Those of Super Bowl
As Rafael Nadal and company bring their tennis whites to the U.S. Open, spectators and athletes will give an estimated $720 million boost to the metro New York City area, far surpassing what the most-watched sporting event of the year, the Super Bowl, is expected to bring next year to the region. The U.S. Open kicked off on Monday at the U.S. Tennis Association Billie Jean King National Tennis Center in New York City.
Costco Increases Membership Fee: Wholesale Clubs Comparison
Shoppers take note: Costco announced this week it is increasing its membership fees by 1o percent starting Nov. 1, just in time for the holiday season. Costco, which operates the largest membership warehouse chain in the country, will increase annual membership fees by $5 for its individual and business members to $55 a year. Fees for “executive members” will increase to $110 from $100, the company said on Wednesday during its fourth quarter earnings announcement.
Best April Fools' Day Jokes by Businesses
Officials from the St. Petersburg/Clearwater tourism office in Florida announced sightings of a "Manaphin" off the state's coast on Tuesday. But the mythical dolphin-manatee hybrid was spotted just in time for April Fools' Day, leading many to question whether the press release was a gag. It is. But it's a fun one. Here are more April Fools' marketing campaigns that some people wish were real and some may be duped into believing.
The Richest Person in Each State
Wealth managers and other businesses may want to take heed. Wealth-X, an information research firm of ultra high-net worth individuals worth over $30 million, has compiled a list of the richest person in each state. Infographic: Richest Person in Each State The ultra high-net worth population is spread throughout the country, often living close to the companies they founded.
Deals After Christmas - ABC News
The frenzy leading up to after-Christmas sales is nowhere near that of Black Friday, said Lindsay Sakraida, features editor at dealnews.com. Sakraida said 35 percent of post-Christmas deals on dealnews.com last year were editor's choice picks, compared with 48 percent of editor's choice picks for Black Friday this year. But the day and week after Christmas is one of the busiest times for gift card redemption, said a spokeswoman for Walmart. Stores are often also inundated with gift returns.
Bank Transfer Day: Marches Planned on Banks Nationwide
Today is Bank Transfer Day -- a deadline of sorts to a movement calling for people to shift their funds from for-profit banking institutions to not-for-profit credit unions before Nov. 5.
Most Popular 'Pins' for Each Day of the Week
It's Thursday, so many people are preparing to declare "TGIF." But on Pinterest, instead of posting "TGIT" (Thank Goodness It's Thursday), it turns out users "pin" most about fashion. The online bookmarking site released data today showing what Pinterest users tend to pin most on each day of the week. "What we found is that TGIF is real," Andrea Burbank, an engineer at Pinterest, wrote in a blog post, providing no numbers.
Woman Accused of Animal Cruelty After Refusing $10K Dog Surgery
A Tustin, Calif., woman is suing a veterinary office for $1 million, alleging they used extortion by threatening to report her for animal cruelty when she couldn't pay for a $10,000 surgical procedure for her dog. Karen Kelly's dog, Mojo, was hit and dragged under a car on July 31, 2011, Kelly claims in a lawsuit filed with the California Superior Court in Orange County.
How Does Your Retirement Plan Compare to That of Members of Congress?
As Americans struggle to piece together a comfortable retirement, members of Congress who have helped create many of the laws that shape such planning enjoy a nicer retirement than the average American, according to a new Bankrate.com analysis. Chris Kahn, Bankrate's research and statistics editor, said the website receives a lot of questions from readers about retirement benefits, and Bankrate staff wanted to know how those benefits compared with those of elected officials.
Banking on a Sports Scholarship? 7 Things Students and Parents Should Know
Hard work pays off, right? That might often be true in the figurative sense, but may not in the literal sense when it comes to college sports scholarships for the vast majority of parents who spare no expense on training camps, coaching and gear for their children over the years.
Teachers can't afford to live where they work
High school teachers earning a median salary can afford to buy a home in just 62 percent of metropolitan areas analyzed by the National Housing Conference and Center for Housing Policy. The affordability picture appears bleaker for other school workers. The report, “Paycheck to Paycheck: A Snapshot of Affordability for School Workers,” takes a look at the local median wages of five categories of school workers, such as child care teachers and bus drivers, in 210 metropolitan areas.
Top 10 Companies That Request the Most Visas for Foreign Workers
Tech companies have lobbied aggressively for immigration reform to allow more skilled foreign workers to enter the U.S. to increase America's global competitiveness. But the companies that request the most H1-B work visas for engineers are actually facilitating outsourcing, critics say, including a firm fined last week by the Department of Justice for alleged "systemic" visa fraud.
Here are some of the biggest problems homebuilders face
Homebuilder Randy Noel of LaPlace, Louisiana, 20 miles west of New Orleans, is building an average of 40 homes a year. “[2016] is probably the best year we’ve had in 10 years,” Noel, 59, says. Nationally, new home sales are at the highest level in nearly a decade, but the supply of houses is still below what many economists consider “normal” in the housing market — six months’ worth.
Federal Reserve Chair Ben Bernanke on Economy: 'Far Too Early to Declare Victory'
The U.S. economy is "stronger and more stable" than it was a year ago and the financial stress in Europe is easing, but many challenges remain including adding more jobs for the long-term unemployed and getting the housing market back on track, Federal Reserve Chairman Ben Bernanke said in an ABC News interview Tuesday. "And so yeah, I'm sleeping a little better," he told "World News" Anchor Diane Sawyer in an exclusive interview. "But again, I think it's really important not to be complacent.
Former Beauty Queen Scammed Thousands, Says FTC
A former beauty queen was part of an operation that allegedly duped half a million people into spending almost $30 million in a pair of fraudulent schemes, according to the Federal Trade Commission. One scam lured people to pay for help in getting free government grants and another involved misleading claims about weight loss supplements, the FTC claims in a complaint. Juliette Kimoto, 2006 Mrs.
Virginia Woman Arrested for Allegedly Raising Money With Fake Cancer
A woman in Mechanicsville, Va., was arrested Wednesday for allegedly raising money by falsely claiming she had cancer. Martha Nicholas, 42, who claimed she was a four-time cancer patient and participated in multiple community cancer fundraisers, including one for the American Cancer Society, allegedly made up her story, ABC television station WRIC in Virginia reported.
Higher Salary Trumps Sleep, But May Not Make You Happier
Do people choose what would make them happier? Would more money but with less sleep make you happier? A group of economists found that research participants chose what they thought would make them happier 83 percent of the time, with the majority choosing less sleep for a higher salary. The group from Cornell University and the University of Michigan posed 13 scenarios to 2,699 people, including this question: Say you have to decide between two new jobs.
Houston Waiter Gets $5K Tip to Replace Car
Greg Rubar, 42, has waited tables at D'Amico's Italian Market Cafe in Houston for 16 years. But his car was flooded during a thunderstorm weeks ago and so he had been taking taxis to work and borrowing the restaurant's catering truck from the owners. But on Saturday, a couple who have been coming to the restaurant for about eight years gave him a handful of cash to help solve his car troubles. "He said, 'I'm not going to be giving you a tip for a while. Take this money.
Are Equinox Ad Models 'Too Skinny'?
Equinox Fitness, a national gym chain headquartered in New York, is getting hit with criticism from members and the media for ads that feature models who are "skinny" instead of "healthy and fit." The ad campaign is Equinox's second set by fashion photographer Terry Richardson. In the nine photos, scantily-clad male and female models pose in luxurious settings and clothing. The models lie on a couch, ride bicycles and pose with puppies - none of which take place in a gym.
Calif. Family Vows Not to Spend Money for Month
Some have heard of “frugal Fridays,” but the Dunning family in Davis, Calif., is practicing “frugal February.” “Since my pockets were empty, it was not a real hard decision to make,” writer Bob Dunning said. The family of six has vowed not to do any discretionary spending for the month of February. “It was interesting after spending so much money during the holidays, Christmas, to think, wow, how much could we cut back?” Shelley Dunning told ABC’s Sacramento affiliate, KXTV.
6 Super Bowl Ads That Don't Seem Surprising, But Are
With the average cost of Super Bowl XLVI ads up 17 percent from a year ago to $3.5 million for a 30-second spot, this year's lineup of commercials range from the predictable and reliable, like Go Daddy's teases, to the shiny-faced freshmen entrants, including those of a few budding filmmakers. "Most of them are humorous storytelling," Brian Steinberg, TV editor with Ad Age, said. "You don't even know what will be controversial.
Nude Grocery Shopping Spree Turns Heads
The owner of a new supermarket in Süderlügum, Germany wanted to make a splash when the doors of Priss grocery store opened to the public. Instead of offering a free ham with a purchase, CEO Nils Dorff offered a shopping spree of $337 (270 euros) to the first 100 naked customers in the store. To Dorff's surprise, about 250 nude shoppers came to the store, many of whom were Danes. The supermarket is only about 2.5 miles south of the Denmark border.
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