stu99/iStock/ThinkStock(NEW YORK) -- Anxious investors pushed down the markets a bit.
The Dow fell 50 points, the NASDAQ gave up 42 and the S&P closed down 14.
The sixth time was the charm for the King of Beers. Miller's finallys aid yes, in principle, to a takeover from the maker of Budweiser, Anheuser Busch-InBev. The proposed 106 billion dollar deal could create the world's biggest bear company. SAB Miller jumped 9 percent after the announcement.
Looking for a holiday job in retail? Employment experts Challenger, Gray and Christmas say you'll probably have better luck finding one in online sales, delivery, or stocking positions than you will in traditional sales.
bizoo_n/iStock Editorial/ThinkStock(NEW YORK) -- How would you describe Twitter to someone who doesn't know what it is?
A popular new hashtag #GiveTwitterASlogan picked up steam Tuesday -- and people are giving it their best to come up with a slogan for the social network in 140 characters or less.
The meta hashtag comes as Twitter announced Tuesday it would be laying off 336 people -- approximately 8 percent of its work force -- in order to put the company on a "stronger path to grow." Having taken over as CEO earlier this month, co-founder Jack Dorsey faces the challenge of making Twitter more approachable and engaging for new users.
If Dorsey checks out the hashtag, here are some of the more entertaining suggestions he'll find:
Valentyn Volkov/iStock/ThinkStock(NEW YORK) -- The two biggest beer companies in the world have proposed a merger that would create a brewing empire like never before, and industry experts predict it will affect what customers buy and how much they spend around the globe.
Anheuser-Busch InBev's proposed acquisition of SABMiller for more than $104 billion would give the combined company a global market share of nearly 30 percent.
Anheuser-Busch InBev is headquartered in Leugen, Belgium, while SABMiller, which makes MillerCoors beers and is owned by Altria, is based in London.
Like with major mergers in most industries, having fewer competitors will likely lead to higher consumer prices, said John Colley, a professor at the Warwick Business School.
“Prices certainly won’t go down. If anything, the new merged company will rationalize its product range and look to increase them," Colley said. "The benefits of the takeover will not be passed on to the consumer."
The U.S. Justice Department is reportedly looking into whether Anheuser-Busch's acquisition of SABMiller would limit competition. The major beer companies are facing growing competition from smaller craft brewers.
In the U.S., SABMiller may have to sell off the Miller brand to appease authorities like the Justice Department, Colley said.
"Otherwise you would have one owner having Miller and Budweiser -- two of the major brands in the U.S., which would not be in the interest of the consumer," Colley said. "That would be good news for Miller drinkers, as prices would not necessarily go up.”
The Department of Justice did not respond to a request from ABC News for comment.
Facebook(NEW YORK) -- Facebook's "On This Day" feature has brought up a lot of happy memories, but it's also dredged up moments some users would rather not re-live.
The social network has listened to the feedback and is rolling out new filters on Tuesday, allowing users to block content from certain dates or friends.
"We know that people share a range of meaningful moments on Facebook -- from celebrating good times like a birthday to getting support in tough times like the passing of a friend or relative," a Facebook representative told ABC News. "As a result, everyone has various kinds of memories that can be surfaced -- good, bad and everything in between. So for the millions of people who use On This Day, we've added these filters to give them more control over the memories they see."
While the feature was celebrated by some, others were confronted with past tragedies.
The two new filters can be accessed by going to the "On This Day" page via desktop, where users can then select dates or certain people with whom they'd rather not rehash the past. The changes will hopefully make "On This Day" a fun walk down memory lane for more people.
It's also worth noting: There's no need to worry about friends catching any potentially embarrassing status updates, photos or posts from your past unless the user owning the account chooses to share it.
RODGER BOSCH/AFP/Getty Images(NEW YORK) -- SABMiller has agreed in principal to a takeover offer by Anheuser Busch InBev, potentially creating the world's biggest beer company.
After a month of offers, the two beer makers appear to have settled on a figure over $100 billion, with U.K.-based SABMiller shares being valued at 44 pounds -- up about 6 pounds from when the takeover talks started.
If the deal is able to get through international regulatory laws, it would create a beer company that would control more than 30 percent of all beer sales worldwide. Its biggest rival, Heineken, has 9 percent of the international market.
THOMAS SAMSON/AFP/Getty Images(NEW YORK) -- Jet setting on your lunch break just got even more realistic.
Using Google Cardboard, the simple virtual reality headset that can be ordered for a few dollars or made using a few household items, and the latest version of Google's Street View app for iOS and Android, users can take a virtual vacation.
That means being transported anywhere -- from a swanky Parisian street to Yosemite National Park. After opening Street View, type the destination of your choice, wait for it to populate and then choose the cardboard icon in the top right corner. Next, secure the phone in a Cardboard headset and enjoy a little virtual vacation.
The incredibly low-tech Cardboard was first announced last summer with the goal of helping to bring virtual reality to the masses. Starting this week, the Google Cardboard app is available in 39 languages and more than 100 countries, according to a blog post by the company. It has also translated its developer documents into 10 languages in an effort to encourage more people to create virtual reality experiences to share.
For those seeking something a little more traditional, Google has collaborated with Mattel to create a plastic, kid-friendly version of Google Cardboard. Priced at $29.99, the device costs a fraction of what fully equipped virtual reality headsets from Samsung and Oculus, among others, cost.
Charley Gallay/Getty Images for Playboy(NEW YORK) — Playboy magazine announced a major shift in branding Tuesday, saying that it's going to drop nudity from its iconic but struggling publication.
Starting with its March 2016 issue, the magazine that Hugh Hefner started in 1953 will no longer feature nudity for the first time in its history. The magazine said it remains "committed to its award-winning mix of long-form journalism, interviews and fiction."
"I was very surprised," Nat Ives, executive editor of AdAge, said about the announcement, "because nudity has always been the first thing Playboy magazine stood for, but also a little impressed because it’s a serious attempt to make the magazine more appealing to contemporary readers."
Now that the public can easily find nudity in cyberspace, Playboy is trying to distinguish itself from the crowd. But will Tuesday's announcement boost the magazine's circulation in a meaningful way? The magazine has a circulation of about 800,000 today, compared to 5.6 million 40 years ago, according to the Alliance for Audited Media.
Only time will tell if the magazine's changes will boost the number of Playboy subscribers, and there is a risk of turnover, Ives said, but it may very well help its ad business.
"The young adults that advertisers want to reach already know how to find nudity online, while the people who cared about getting nudity in Playboy may have skewed a little older," Ives said.
If Playboy loses some older subscribers and can gain some younger ones, the magazine will consider that a win, Ives said.
Other changes include a larger size to 9 inches by 11 inches, and heavier, higher quality paper "to give the magazine a more collectible feel," the magazine said Tuesday, and more changes will be announced in the "coming months."
Among Playboy's most iconic moments include its first issue that featured Marilyn Monroe on the cover, an interview with Martin Luther King, Jr. in 1965 and former president Jimmy Carter in 1976 when he admitted he "committed adultery in my heart many times."
Hefner, 89, is still the magazine's editor-in-chief, though he now surpasses the original target audience he addressed in his first 1953 issue.
“If you’re a man between the ages of 18 and 80, Playboy is meant for you,” he wrote in that issue's editor’s letter.
“The political and sexual climate of 1953, the year Hugh Hefner introduced Playboy to the world, bears almost no resemblance to today,” Playboy Enterprises CEO Scott Flanders said in a statement. "We are more free to express ourselves politically, sexually and culturally today, and that’s in large part thanks to Hef’s heroic mission to expand those freedoms. We will stay true to those core values with this new vision of Playboy’s future. Once our readers see all of the innovative changes we’re making to the magazine, we’re confident they will love the end product when it debuts next year.”
Ives said the magazine's political and cultural coverage is still buzz-worthy, "but it’s not a newsmaker like it was in the old days."
"That said, it’s harder for any media brand to break through these days with so many voices and newcomers to compete with," Ives said.
iStock Editorial/Thinkstock(NEW YORK) -- Twitter CEO Jack Dorsey on Tuesday made his first tough call since returning to the top job, announcing the service would be laying off 336 people -- approximately 8 percent of its work force -- in order to put the company on a "stronger path to grow."
Dorsey confirmed the cuts Tuesday morning, sharing on Twitter a link to an internal memo he sent to employees detailing the changes.
Made some tough but necessary decisions that enable Twitter to move with greater focus and reinvest in our growth. http://t.co/BWd7EiGAF2
Many of the cuts will impact Twitter's engineering team, which Dorsey said he believes will "move much faster with a smaller and nimbler team." Engineers will still remain the greatest percentage of Twitter's workforce and Dorsey said other teams would be scaled accordingly.
"The team has been working around the clock to produce streamlined roadmap for Twitter, Vine, and Periscope and they are shaping up to be strong. The roadmap is focused on the experiences which will have the greatest impact," he said. "The roadmap is also a plan to change how we work, and what we need to do that work."
Dorsey said Twitter would provide "generous exit packages and help finding a new job" for people whose jobs were impacted by the decision.
"Thank you all for your trust and understanding here. This isn't easy. But it is right," he wrote. "The world needs a strong Twitter, and this is another step to get there."
Dorsey, 38, the former CEO of Twitter and one of the founders of the site, took over once again as chief executive earlier this month at a pivotal time for Twitter as the company faces pressure from investors to show the company has a strategy for growth. Shares of Twitter surged 5.71 percent Tuesday morning following the announcement.
Rachel Murray/Getty Images for Playboy(NEW YORK) — Playboy is covering up.
Starting next year, the magazine will no longer feature nudity, Playboy Enterprises, Inc. announced.
The magazine, established by Hugh Hefner, has featured sexy centerfolds and unclothed celebrities since its 1953 debut, serving as a key driver of the sexual revolution. The groundbreaking magazine has shown women unclothed and unashamed, some unknown, some famous, some looking to be famous once more.
The centerfold images have been surrounded with news-making interviews and high-end journalism, along with the pleasure principles of Hefner’s “Playboy philosophy.”
“The political and sexual climate of 1953, the year Hugh Hefner introduced Playboy to the world, bears almost no resemblance to today,” Playboy Enterprises CEO Scott Flanders said in a news release announcing the change. “We are more free to express ourselves politically, sexually and culturally today, and that’s in large part thanks to Hef’s heroic mission to expand those freedoms. We will stay true to those core values with this new vision of Playboy’s future. Once our readers see all of the innovative changes we’re making to the magazine, we’re confident they will love the end product when it debuts next year.”
Digital and cultural shifts have eroded the magazine’s readership, from a high of 5.6 million 40 years ago, to 800,000 today. But the company’s brand and marketing presence remain strong.
The shift, which goes into effect with the March 2016 issue, follows the 2014 re-launch of Playboy.com as a safe-for-work site.
ABC News(NEW YORK) -- Bridal Fashion Week is heating up and each year it gets bigger and glitzier. This year is no exception, largely due to an exponential growth of interest in bridal gowns and bridal couture.
21st Century Brides is committing two, or even three gowns, for their big day. Kleinfeld Bridal has long been synonymous with bridal fashion and it is almost always a stop on the gown hunt for any discerning bride-to-be.
Home to the world’s top designer gowns, Kleinfeld gained most of its notoriety as the original home of Say Yes to the Dress on TLC. It is only fitting that this lux Manhattan store is the host of Bridal Fashion Week.
One of its top designers, Pnina Tornai, has exclusively sold her top of the line gowns at Kleinfeld for over 10 years.
We join the Israeli designer for her 10-year anniversary show, which will embrace all of the glamour and extravagance that brides have come to expect. Tornai famously designed ABC News' very own Ginger Zee's gorgeous wedding gown when she walked down the aisle in June 2013.
We joined the designer in the frantic minutes prior to her runway show to absorb all of the last-minute prep work and dozens of adjustments to tulle, lace, and satin before the statuesque models take center stage.
KENZO TRIBOUILLARD/AFP/Getty Images(PARIS) -- Arrests have been made after a union dispute left two Air France executives without their shirts.
French police arrested six men on Monday who are accused of tearing off the clothes of two Air France executives a week ago, reported the Wall Street Journal.
On Oct. 5, the workers accosted Air France Human Resources Chief Xavier Broseta and Pierre Plissonnier, head of long-haul flights, after a violent protest erupted during a meeting, forcing the two to flee an angry mob and hop over security fences.
The incident came after an announcement from Air France that said the airline would layoff 2,900 jobs and a number of long-haul flights after pilots had reportedly refused to work longer hours.
iStock/Thinkstock(NEW YORK) -- Wall Street edges higher for the beginning of the week and Dell has plans for a massive technology takeover.
The Dow Jones Industrial Average gained 47.37 on Monday, finishing the session at 17131.86.
The Nasdaq ended at 4838.64, up 8.17 from its open, while the S&P 500 gained 2.57 to close at 2017.46.
Dell is taking over data storage company EMC in a deal that's costing about $67 billion. EMC shareholders will receive $24.05 per share in cash, according to a statement, as well as shares of a tracking stock linked to VMware.
"Since becoming a private company, Dell has had the flexibility and agility to focus completely on customers and invest for long-term results," said the statement from Dell. "The transaction will unite Dell’s strength with small business and mid-market customers with EMC’s strength with large enterprises to fuel profitable growth and generate significant cash flows."
Ford Motor Co. has announced its spending $1.8 billion to create technologies that could potentially attract Chinese consumers, despite China's slowing economy. Some of the innovations involve autonomous driving and more "smart" functions where drivers can control car systems through their smartphones.
Low gas prices and dragging inflation are leaving Social Security recipients, disabled veterans, and federal retirees with no cost of living increase next year. The average monthly payment for Social Security is now at $1,224 with almost 60 million receiving benefits.
iStock/Thinkstock(NEW YORK) -- Another man’s trash could be your next flea market treasure.
While they can be overwhelming to some, flea markets are a mecca of vintage finds for Susan Feldman and Kathryn Ireland.
Feldman, the co-founder of One Kings Lane, an online marketplace which sells both designer and vintage items for furnishing homes, and Ireland, a interior designer to the stars, often visit flea markets on the hunt for the best hidden gems.
“I think the thing that is great about vintage -- and you can have so much fun here -- is that it doesn’t have to cost a fortune,” Feldman told ABC News’ Nightline. “What makes it great is you can pick up things and mix it with the new things and your space takes on a completely different vibe by adding in those older elements.”
“It’s your own self-expression. There’s no right and wrong,” Ireland told Nightline.
ABC News’ Nightline spent a day with Feldman and Ireland at the Rose Bowl Flea Market in Pasadena, California, where they shared their tips for what flea market finds to shop for.
1. Look out for vintage books.
Feldman and Ireland say vintage books make great gifts.
“I think a vintage book is the greatest present, especially if it’s a topic that someone’s interested in,” said Feldman.
“And the great thing is they’re not breakable if you have to ship presents,” Ireland said.
2. Give new life to old furniture.
Don’t be deterred by a ratty-looking chair, especially if it’s a good price.
“You can get a great chair … in fine fabric and have it reupholstered,” Feldman said.
If they have good bones, old chairs can be stripped down and aged.
“It’s a great away to get a really good frame and then pick your fabric,” said Feldman.
3. Use a vintage bottle as a flower vase.
Ireland said vintage bottles from flea markets are an inexpensive and inventive way to decorate with flowers.
“I think it’s a very great way to do flowers because you can literally put one stem in each. You don’t have to put tons,” Ireland said. “And it’s great decorating.”
Ireland has even used vintage bottles at weddings she’s decorated.
“Putting three stems of a flower in a vase costs a lot less than huge floral arraignments, but you still get the same [effect],” Ireland said.
4. Find décor in the unexpected.
For Ireland and Feldman, finding items at the flea market is half the fun.
“I think the fun part is what you do with things you find,” Ireland said. “In decorating, it is all those little accent pieces that make a room. I mean it’s the bigger pieces you know everyone has got an opinion on. The little fillers, I think, give a room character.”
Ireland has used sports memorabilia purchased at flea markets to decorate her sons’ rooms. And Feldman also hangs different vintage items on walls as decoration.
“Old tennis rackets and things like that … and flags are always great. And typewriters are always great for decorations, for a book case,” said Feldman.
Olive Garden(KANSAS CITY, Mo.) -- Olive Garden has apologized to a Kansas City police officer who was turned away from the restaurant for being armed.Officer Michael Holsworth went to an Independence, Mo., Olive Garden to celebrate his birthday with his family on Sunday but was asked to leave by a hostess.
“As I was sitting there waiting, one of the employees told me ‘Sir, we don't allow guns in here,’” Holsworth, who was in full uniform and on duty, wrote on his Facebook page.
He initially thought the employee was joking but left when she told him she was serious.
“Now I never in my wildest thoughts would of thought this would happen in the Kansas City area,” Holsworth wrote on Facebook.
“What happened with Officer Holsworth was unacceptable and completely inconsistent with how we treat members of law enforcement,” Olive Garden spokesperson Rich Jeffers told ABC News on Monday. “Police officers are always welcome at Olive Garden. They serve our communities and we love serving them.”
Jeffers expressed his “shock” over what happened, saying that it was “not company policy,” and added that for the past 14 years Olive Garden has been delivering hot meals across the country to police stations, fire stations and hospitals on Labor Day to show their appreciation for first responders.
He continued: “Take the police part out, the fact that a guest was not made to feel welcome in one of our restaurants is completely counter to the values of Olive Garden.”
Officer Michael Holsworth could not be reached for comment.