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JaysonPhotography/iStock/Thinkstock(NEW YORK) -- Wednesday's session on Wall Street saw stocks close up despite concerns over oil prices and China's slowing economy.

The Dow Jones Industrial Average climbed 122.1 on Wednesday, finishing the session at 16912.29. The index has posted gains in four consecutive sessions.

The Nasdaq jumped 42.79 to a close of 4791.15, while the S&P 500 ended the day at 1995.83, 15.91 higher than its open.

Consumer credit increased by $16 billion in August, the Federal Reserve said, though that figure was less than anticipated. Americans, experts said, are taking out more automobile and student loans. That trend is expected to continue in the coming months.

Also on Wednesday, Hewlett Packard unveiled new products, including an eight-inch Windows tablet called the Envy Note 8, which will be available to ship in early November.

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MARCO BERTORELLO/AFP/Getty Images(NEW YORK) -- A potential strike by the United Automobile Workers union against Fiat Chrysler could have a lasting impact on car buyers.

A midnight deadline looms over Fiat Chrysler after the United Auto Workers notified the Italian-American carmaker on Tuesday that the union is ending its labor contract at 11:59 p.m. ET Wednesday night.

Last week, 65 percent of the union's members rejected a tentative agreement with Fiat Chrysler. Among the demands of the union are cost-of-living pay increases, abolishing a two-tier pay structure and ending shifts that are 10 hours per day, four days a week.

Ford Motor Co. and General Motors Co. are waiting for a deal to be reached between the union and Fiat Chrysler before starting their negotiations.

Richard Hilgert, automotives senior equity analyst at Morningstar, said there is a "solid probability" that a short-lived strike may occur, though company management and the union are resuming negotiations ahead of the deadline. The union informed members Wednesday that they may be disqualified from unemployment insurance in many states due to participation in a strike, but all dues-paying members are eligible for strike assistance.

Fiat Chrysler has 23 plants in the U.S. and employs 80,000 workers around the world, half of which are UAW workers, according to a company spokesperson, who declined to comment about the potential strike. Though the strike may not affect all of the company's factories, union members posted notices inside a key plant in Kokomo, Indiana, informing workers of the strike deadline. A strike could impact production on the Jeep Grand Cherokee, Chrysler 300, Dodge Charger, Dodge Challenger and Ram 1500.

UAW President Dennis Williams addressed members in a letter Monday, writing, “We have real challenges. We all know that without investment and product there is no true job security. For someone to suggest we endorse products going to Mexico is just nonsense. We have been fighting NAFTA and other trade agreements every day and are still fighting.”

The UAW did not respond to a request for comment.

In the short term, if a strike were to occur, there could be availability issues depending on the duration of the shutdown, Hilgert said.

"Longer term, the price consumers pay at the dealership is directly impacted by the total compensation paid to labor," Hilgert said. "If total labor compensation at one carmaker gets too high relative to the rest of the industry, that company would have to charge higher prices and consumers are likely to take their business elsewhere."

There's another issue at stake for Fiat Chrysler, the world's seventh-largest automaker.

"The union rank-and-file has to recognize that their competition comes from everywhere around the world," Hilgert said. "While it’s absolutely important that labor is fairly compensated, the level of compensation has to enable Fiat Chrysler to compete on a global basis."

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Justin Sullivan/Getty Images(MILAN) -- Domino's may be in 80 international markets, but its boldest move yet may be opening its first restaurant in Italy.

The American pizza chain's first Italian location opened in the city of Milan on Monday, and the company said it plans to open three in that city by the end of the year. A franchisee called ePizza S.p.A., doing business as Domino's Pizza Italia, has the rights to operate the Domino's brand in Italy, the home of pizza.

The man who is the franchisee, Alessandro Lazzaroni, was previously a commercial retail director of an Italian bakery company, Galbuser, Domino's said.

"Domino's is a global brand, with American roots, and we're proud to be able to introduce it to the Italian people – with a twist," Lazzaroni said in a statement. "We will be using a recipe created by us, using locally-sourced wheat. Everything else is purely Italian. We are purchasing all of our products from Italian producers. We've created our own recipe, starting for the original pizza recipe, with Italian products, like 100 percent tomato sauce and mozzarella, and products like Prosciutto di Parma, Gorgonzola, Grana Padano and Mozzarella di bufala Campana."

According to Domino's, Italians eat pizza an average of seven times a month and the traditional Margherita pizza, among the varieties Domino's will offer, is favored by 70 percent of Italian consumers.

Richard Allison, president of Domino's International, said that he understands the risk of entering Italy, which even coffee giant Starbucks has shied away from due to particular Italian tastes.

"Italy can be a major milestone for the recognized world leader in pizza delivery, as no major American pizza brand has successfully entered the market," Allison said in a statement. "We're going where no major pizza brand has gone before."

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Sean Gallup/Getty Images(WASHINGTON) —  Volkswagen American division president and CEO Michael horn heads to the Capitol Thursday to testify before a House subcommittee on behalf of the company and it’s attempts to circumvent U.S. emission standards.

Pennsylvania representative Tim Murphy, who chairs the House Energy and Commerce Subcommittee, says they demand answers as to why the so-called “defeat devices” were used by the company and why they went undetected for so long.

“We will get [the American people] those answers,” Murphy said, according to Autoweek.

Volkswagen admitted weeks ago that the automaker used software to evade emissions tests for its diesel vehicles, affecting 11 million car-owners around the world.

By the end of the week, Volkswagen promised to announce a plan to fix the problem, Autoweek reports. The company has already launched a website in Germany that allows consumers to search whether their vehicle will be recalled. A similar search site has not yet been released for the U.S.

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ModCloth(NEW YORK) -- Fashion brand ModCloth is taking a major step to be more inclusive by removing the word "Plus" from their website.

The fashion brand has already removed the "Plus" section from the homepage of it's website and is currently in the beginning stages of removing the word "Plus" from the site altogether.

"ModCloth has always been a firm believer that types of clothing rather than types of bodies should define shopping categories,” said Susan Gregg Koger, co-founder and chief creative officer of ModCloth. "ModCloth’s mission is to help women feel like the best version of themselves, and we believe this is another way we can promote inclusivity. We view this announcement as an important first step towards creating the most inclusive shopping experience we can for our customers.”

The announcement to remove the "Plus" section from the website comes after the release of a survey conducted by ModCloth about the experience and perceptions of the “Plus” sized fashion industry by women who wear a size 16 or above.

The survey results showed that more than half of the women surveyed are frustrated being labeled "Plus," and that nearly two thirds of the women are embarrassed to have to go to a separate section of the store to find plus sized clothing.

Although the word "Plus" will no longer be a category on the website, women who prefer to search for clothing by size can still find clothing styles available above XL beneath each main category section under the title “extended sizes.”

ModCloth launched its namesake label this past August.

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iStock/Thinkstock(NEW YORK) -- Frequent fliers looking to save a few bucks on bag fees are in luck -- but there's a catch.

Travelers have to be willing to turn their checked luggage into a sort of billboard. In turn, the company behind the ad placement will pay the checked bag fees. Here's how it works:

  • Be one of the first one million people to sign up on the Orion Travel Tech site for the program;
  • In February, receive one set of "two piece, high gloss, all plastic, four wheel trolley luggage -- Sizes 21 inch carry-on and a 25 inch expandable to 28 inch”;
  • At the same time, you'll get a gift card with a round-trip baggage fee of $50 only to be used at the airline's ticket counter when you check your luggage. It will correspond, via a UPC code, to the 25-inch luggage of the two-piece set;
  • Lifetime membership in the program. When you’re ready to travel again, email the company and the gift card will be reloaded;
  • You can travel as much as you want during the year;
  • The whole family can sign up.

Orion Travel Tech claims to be the first company to personalize its luggage with the "interchangeable graphic skin" of their choice. Founder Gary German told ABC News he came up with the idea because he and his family travel extensively and the bag fees were adding up.

German said he thought "there had to be a better way" and came up with this advertiser-driven model. Orion Travel sells the space on the bags to advertisers.

In a test run at four airports, German said people traveling with the luggage were approached an average of 30 times by others wanting to know more about it.

The model, he said, works well for all parties. Travelers avoid bag fees and companies get eyeballs on their ads.

"These bags are traveling through the check-in line, by the TSA, into a Starbucks, on a luggage carousel, to a hotel," German said. "That's a lot of mileage."

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Mike Windle/Getty Images for Vanity Fair(NEW YORK) -- Most people don't have one CEO title, let alone two.

Elon Musk, who runs both Tesla and SpaceX, was joined in the rare dual-CEO club this week when Jack Dorsey was named CEO of Twitter and said he will also continue to run his payments processing company, Square.

While Musk is clearly passionate about the work he does at both of his companies, he had some surprising advice for anyone wondering what it's like to be at the helm of two businesses.

"I wouldn't recommend running two companies," Musk said onstage during a Vanity Fair New Establishment Summit panel. "It decreases your freedom quite a lot."

Musk said he spends 70 percent of his time on engineering and design, according to The Verge, with 2 to 3 percent on media requests and speaking engagements.

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Jason Merritt/Getty Images(NEW YORK) — Solange is teaming up with Kiehl’s for a good cause.

The singer partnered with the skin care company to promote an anti-wrinkle treatment in an effort to benefit educational and empowering charities for children in need.

The limited-edition set, which was designed by Solo, is now available at Kiehl’s flagship store in New York, Kiehl’s at The Grove and on The proceeds from the sales of the product will go towards a $25,000 donation to the charities, 14 Foundation, Inc. and Son of a Saint.

"Education should not be a privilege, but a right that every child deserves, and I couldn’t be more excited to now have a partnership with Kiehl’s to support this belief," Solange said.

Every customer who purchases the anti-wrinkle treatment will receive a $25 gift code, found in the inside of each sleeve.

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Willard/iStock/ThinkStock(NEW YORK) -- Allegations of "insider trading" in the increasingly lucrative fantasy sports world are drawing attention to whether the industry should be more closely regulated.

Last week, an employee of fantasy sports company DraftKings admitted to accidentally releasing NFL data before the start of the third week of N.F.L. football games. That same week, the employee won $350,000 at rival fantasy sports website FanDuel.

Social media users accused the employee of "insider trading" and both companies announced on Monday night that they were temporarily restricting employees from participating in fantasy sports for money.

Here's what you should know about the explosion of fantasy sports and the "insider trading" allegations:

1. Who are the major players?

DraftKings and FanDuel are the two major fantasy sports websites. Both offer daily and weekly games in which users pay an entry fee of 25 cents to $1,000. Users choose players in fantasy teams (actual N.F.L. athletes) and earn points based on how their players perform in real games. The prize money varies and can go as high as $2 million.

Another competitor, Yahoo, based in Sunnyvale, Calif., has been in the fantasy sports business for more than 16 years. Its first entry was fantasy football back in 1998. This summer the company launched its one-day and one-week fantasy contests for cash, called Yahoo Sports Daily Fantasy.

2. Why has a DraftKings employee been accused of "insider trading"?

DraftKings admitted an employee released data on its blog that showed which players were chosen in NFL lineups by users prior to the start of the third week of games (also referred to as ownership percentages). This data is typically released after all the lineups are finalized. The ownership percentages applied to DraftKing's Millionaire Maker game. A DraftKings employee won $350,000 on a FanDuel contest, prompting concerns that he may have benefited from insider information.

3. DraftKing denies "insider trading."

DraftKings is adamant that its employees do not engage in insider trading.

“There has been some confusion regarding a recent piece of data that was inadvertently posted on DraftKings' blog containing information about players and fantasy games," the company said in a statement. "Some reports are mischaracterizing the situation and implying that there was wrongdoing. We want to set the record straight."

The company said it shared information with competitor FanDuel as part of its investigation. DraftKings concluded: "The evidence clearly shows that the employee in question did not receive the data on player utilization until 1:40 p.m. ET on Sunday, Sept. 27. Lineups on FanDuel locked at 1:00 p.m. that day, at which point this employee (along with every other person playing in a FanDuel contest) could no longer edit his player selections. This clearly demonstrates that this employee could not possibly have used the information in question to make decisions about his FanDuel lineup. Again, there is no evidence that any information was used to create an unfair advantage, and any insinuations to the contrary are factually incorrect.”

4. What do FanDuel and the industry say?

A joint statement from FanDuel, DraftKings and the Fantasy Sports Trade Association said that the companies are now banning employees from playing online fantasy sports for money.

"At this time, there is no evidence that any employee or company has violated" the FTSA charter that restricts "employee access to and use of competitive data for play on other sites," the joint statement read. "That said, the inadvertent release of non-public data by a fantasy operator employee has sparked a conversation among fantasy sports players about the extent to which industry employees should be able to participate in fantasy sports contests on competitor sites. We’ve heard from users that they would appreciate more clarity about the rules for this issue. In the interim, while the industry works to develop and release a more detailed policy, DraftKings and FanDuel have decided to prohibit employees from participating in online fantasy sports contests for money.”

5. What are the laws governing fantasy sports contests?

Some lawmakers want to regulate fantasy sports much like gambling.

Marc Edelman, a lawyer and associate professor at Zicklin School of Business at Baruch College, explains that for fantasy sports contests to be legal, contests must comply with federal law and state law in every state in which they operate. Often the distinction is whether the game is based on "chance" or "skill." For example, there are varying restrictions for fantasy sports in Arizona, Iowa, Louisiana, Montana and Washington.

"Under federal law, a fantasy sports contest is deemed per se legal if the contest involves predicting the performance of real world players in multiple games, maintains prize amounts that are fixed before the contest begins and is based upon the relative skill of the contest participants," Edelman said.

The definition of "skill" can be defined by state law.

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payphoto/iStock/ThinkStock(NEW YORK) --  Getting cash from an automated teller machine not affiliated with your bank has never been so expensive.

Out-of-network fees -- the price a consumer must pay for withdrawing from an ATM that's not in their bank's network in addition to the fees their own bank may charge -- are at an all-time high.

A consumer can face a fee of $4.52 on average per out-of-network ATM withdrawal, according to a survey released Monday.

That's a 21 percent increase in just the last five years and 4 percent increase in the last year. And that can add up to almost $500 a year if a person withdraws cash from an out-of-network ATM at least twice a week.

The increase in fees "coincides with these low interest rates we've been seeing," financial expert Stefanie O'Connell said. "In a low-interest environment, banks don't make as much revenue from lending, so they have to find new ways to generate revenue. ... Increasing their fees is a simple way to do that."

Banks have also blamed the spike on pressure to reduce other fees, such as overdraft fees. Though banks raked in $34 billion in overall fees in 2014, fewer people are using ATMs than they did a few years ago.

"In today's world, with more technology and more apps and more ways to pay. ... You don't need as much cash as you used to," O'Connell said.

To avoid costly fees, she said that consumers should consider online banks that don't have the same expenses that brick-and-mortar banks do. Some of these online banks also reimburse ATM costs, she noted.

"If you can become a little bit more tech savvy, it actually might serve you well," O'Connell said.

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stu99/iStock/ThinkStock(NEW YORK) -- Investors took a breather after Monday's big run-up.

The biotech sector continued its slump, battered, by concerns the industry might face more scrutiny from Washington.

The Dow rose nearly 14 points while the NASDAQ closed down 33 points. The S&P lost 7.

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Pascal Le Segretain/Getty Images(NEW YORK) -- The movie "Steve Jobs," which depicts the Apple co-founder during three pivotal launches in his career, has garnered plenty of buzz but also some blowback from people concerned the movie may give an unfair depiction of Jobs.

Following a screening of the film in New York City on Monday night, which marked the fourth anniversary of the Jobs' death, writer Aaron Sorkin and director Danny Boyle responded to critics -- including some people who were close to the Apple co-founder -- who have expressed concern the movie takes a hatchet to Jobs' reputation.

"From what I have read about what they are assuming is in the movie, that it is a hit job on Steve Jobs, I think that if they see the movie, they are going to be pleasantly surprised at what it is. Simply, I just can’t emphasize this enough: they haven’t seen the movie," Sorkin said.

Danny Boyle, who directed the movie, called Jobs "one of the most important figures in our lives and many, many more people’s lives to come," and said Jobs and other visionaries "have to be written about and they have to be examined."

"There will be many more films made about them," Boyle said. "We have got to examine these people, either in a big political way or in a personal way, which this [movie] tries to do."

"Steve Jobs" stars Michael Fassbender as the Apple co-founder and is in theaters in select cities this Friday.

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Securities Industry Employees Earning Record Salaries, Report Says (NEW YORK) — A new record on Wall Street has nothing to do with the close of the Dow.

Not since the years preceding the financial crisis has high finance done so well. The average salary, including bonuses, in the securities industry in New York was up 14 percent in 2014 to more than $400,000, according to a report issued by New York State Comptroller Thomas P. DiNapoli. That’s nearly six times higher than the rest of the city’s private sector.

Weakness in China and the timing of an interest rate hike may burden the stock market, but the securities industry is making money, adding jobs and paying record salaries.

Wall Street’s profits were strong in the first half of 2015 at $11.3 billion, the strongest first half since 2011, according to the report.

The average bonus paid to securities industry employees in the city was $172,900 in 2014, which was only exceeded by the two years that preceded the 2008 financial crisis. The average bonus increased by more than 50 percent over the past three years.

The securities industry employs nearly 200,000 people in New York City, less than 5 percent of the city’s workforce, but it accounts for 22 percent of wages.  
“If you can get the work, it’s certainly very good work,” DiNapoli said.

Getting the work is tough. The industry is 9 percent smaller than before the recession, though it’s on pace to add thousands more jobs this year.

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Microsoft(NEW YORK) -- Microsoft has continued to up its game when it comes to making devices that function as both tablets and laptops.

The Microsoft Surface Pro 4 made its debut Tuesday at the company's Windows 10 devices event in New York City boasting a 12.3-inch screen with five million pixels, making the resolution even higher with an even thinner screen.

"We have this goal, this dream," said Panos Panay, head of Microsoft's Surface team. "We want to make these the most productive devices on the planet."

Microsoft's grand finale at Tuesday's event was the Surface Book, the software company's first-ever laptop, which features a 13.5-inch screen with six million pixels.

"We have the best engineers who understand portability and performance," Panay said. "Ounce for ounce, pound for pound, this is the fastest 13-inch laptop ever made."

Panay said Surface Book is twice as powerful as the MacBook Pro.

It features a 12-hour battery life, company officials said. It starts at $1,499 and will be available Oct. 26.

Surface Book weighs 1.6 pounds and is 7.7 mm thin. It's essentially a clipboard, making it easy to show someone something on your screen.

The release of the Surface Pro 4 comes as Apple and Google recently unveiled their latest entries into the 2-in-1 device category, with the iPad Pro and the Google Pixel C.

"Both Google and Apple have followed Microsoft's lead creating the 2-in-1 category and this event will reveal how Microsoft one-ups the companies who recently launched the Pixel C and the iPad Pro," Patrick Moorhead, an analyst at Moor Insights & Strategy, told ABC News before Tuesday's event.

The Surface Pro 4 starts at $899, and will be available Oct. 26.

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Alyssa Newcomb/ABC News(NEW YORK) -- Microsoft's first wearable, the Microsoft Band, has stood out as a sensor-rich device for tracking everything from sleep, heart rate and activity to keeping up with messages and calendar events throughout the day. Now, the company is ready to bring the Band into the world of Windows 10.

The software company showed off the newest Microsoft Band Tuesday at an event in New York City. The latest version of the Band includes an 11th sensor -- a barometer -- allowing wearers to track their elevation. It also includes more integration of Cortana -- Microsoft's digital virtual assistant -- along with a curved screen with extra tough Gorilla Glass.

Microsoft Health, the dashboard letting Band wearers see their data, will also now including readings for VO2 Max, a key metric for fitness buffs looking to measure their maximum oxygen intake.

The latest Band will also include experiences from partners, including Uber, Facebook and a variety of other companies, making the wearable even more seamlessly blend into a person's everyday life.

In an August interview discussing the first Microsoft Band and the power of the wearable, Farah Shariff, a software development engineer who has worked on the Band since its start, told ABC News she was fascinated with packing sensors into a lightweight device that could ultimately deliver a treasure trove of data to the person wearing it.

"The one thing I have been very focused on is the aspect of sleep. There is so much that happens during that time," she said. "Being able to see exercise timing, intensity, stress, as your body goes throughout the day. Sleep helps you realize how your body is coping with everything you’re putting it through."

Pre-orders for the new Band begin Tuesday and will be available Oct. 30 for $249, company officials said.

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