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Pablo Cuadra/Getty Images for Apple(NEW YORK) — While smartwatches certainly impress as geek chic, they don't exactly raise eyebrows with the high society crowd, but a new watch company is seeking to bridge both worlds with an really expensive timepiece that also allows one to slum it with the already pricey Apple Watch.

California-based Nico Gerard's Pinnacle line features a special bracelet that enables the wearer to rock two different watches on the same hand: an elegant timepiece on the front to show off, and the Apple watch's face on the inside of the wrist.

While not a household name like Omega or Rolex, Nico Gerard makes up for brand recognition with a Pinnacle pricetag that matches its unwieldy, arguably ludicrous design: $9,300 for its cheapest model in stainless steel, all the way up to 112 thousand for its gold version — though the latter comes with a Gold Apple Watch pre-installed, according to Mashable.  

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iStock/Thinkstock(SAN JUAN, Puerto Rico) -- Puerto Rico may become America's Greece after defaulting on most of a debt payment.

On Monday, Puerto Rico defaulted for the first time by missing most of a $58 million bond payment. Puerto Rico owes around $70 billion to its creditors.

The missed payment was due to the legislature not appropriating money to service the debt, according to the Government Development Bank for Puerto Rico. The bank was able to pay $628,000 remaining from a previous balance.

Unlike when Detroit filed for bankruptcy in 2013, Puerto Rico is not covered by Chapter 9 bankruptcy rules and cannot receive bankruptcy protection. The U.S. commonwealth cannot gain support from the International Monetary Fund since it is not a sovereign country, and it remains under the partial protection of the U.S. which many Puerto Ricans stand against.

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Ty Inc.(NEW YORK) -- You will soon be able to add Cecil the Lion to your Beanie Baby collection.

Ty Inc. has designed a new Beanie Baby modeled after Cecil the Lion, a protected lion who was illegally killed by a Minnesota hunter in Zimbabwe. The news comes from a statement released by the plush-toy maker.

According to The Chicago Tribune, the toy will go on sale in retail stores in September and will sell for $5.99.

The release said all of the profits will go to the Wildlife Conservation Research Unit of the University of Oxford. Researchers at the university were studying the lion when he was killed.

The news comes the same day Delta Airlines announced they would no longer ship hunting trophies of lions, leopards, elephants, rhinoceros and buffalos.

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iStock/Thinkstock(NEW YORK) -- Stocks fall for Wall Street and automakers report strong sales this summer.

The Dow Jones Industrial Average fell 91.66 to close at 17598.20.

The Nasdaq ended the session at 5115.38, dropping 12.90 from its open, while the S&P 500 closed down 5.80 to finish at 2098.04.

Summer deals and a larger demand for SUV's and luxury vehicles had automakers reporting strong sales for July. Reports say luxury sales climbed for the first six months of this year.

Following the hunting death of Cecil the Lion, Delta Airlines announced it will no longer ship hunting trophies including lions, leopards, elephants, rhinos, buffalos, and more.

Spiritum, a drug used for epilepsy, has been cleared by the Federal Drug Administration to be used as the first prescription drug made through 3-D printing.

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David Becker/Getty Images(NEW YORK) -- Uber has ballooned into a $50 billion transportation juggernaut just five years after its launch -- and now Microsoft is said to want a piece of the action.

The software company reportedly invested $100 million as part of a massive $1 billion fundraising round Uber recently completed, The Wall Street Journal reported, citing people familiar with the matter.

While the investment has been interpreted as a way for Microsoft to perhaps one day compete with Google's self-driving cars, there are more immediate benefits, Patrick Moorhead, an analyst at Moor Insights & Strategy told ABC News.

"Microsoft’s investment in Uber is important on a few fronts. First is that it gives Microsoft an inside look at one of the most interesting trends, 'humans as a service,'" Moorhead said. "Whether its Home Advisor in home improvement or Favor in restaurant, HaaS is hot."

Moorhead also believes there's a role for Microsoft's Azure cloud service to play in powering Uber.

"Microsoft needs better entrepreneurial proof points for its Azure cloud services as typically Amazon gets tapped for startups," he said.

It's not the first time both Microsoft and Uber have done business together. Last month, Uber acquired part of Microsoft's Bing mapping unit and absorbed approximately 100 employees. Cortana, Microsoft's virtual personal assistant also has Uber integration, allowing the voice-controlled sidekick to request an Uber just in time for users to get to a scheduled appointment.

"We filed to authorize this new funding more than two months ago," an Uber representative told ABC News. "The filing is available to the public. We aren’t commenting on additional speculation."

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Fotosearch/Getty Images(NEW YORK) -- Once a go-to department store that dates back to the 19th century, Sears on Monday reported another double-digit sales decline.

As part of an update Monday on its anticipated financial performance, Sears Holdings, the parent of the namesake department store and Kmart, said same-store sales fell by 10.6 percent during its quarter-to-date period that ended on July 25, compared to the same period a year ago. That follows a drop of 11 percent in the first quarter.

The company said it plans to release its second quarter financial results on Aug. 20.

Sears Holdings was formed in 2005 when Sears and Kmart merged. Last year, the company was hit by the closure of more than 200 stores.

Business wasn't always tough for Sears.

The first Sears store gained fame with rural folks and farmers through its mail-order business. Those early Sears catalogs featured jewelery and watches, but the company quickly added a vast array of items, including a "Stradivarius model violin" for $6.10, according to Sears Archives. At times, the catalog was free and other times it cost 50 cents.

Richard Sears started the R.W. Sears Watch Company in Minneapolis in 1886, back when there weren't even 40 states in the union, according to Sears Archives. Sales in 1893 were more than $400,000. Two years later, when the Sears catalog was 532-pages long, sales were more than $750,000, according to the archives.

It wasn't until 1931 that Sears store sales topped mail-order sales for the first time. Stores accounted for 53.4 percent of total sales of more than $180 million, according to the archives.

When World War II began in 1941, Sears had more than 600 stores.

Sears' first retail store outside the U.S. was in Havana, in 1942. Five years later, a store opened in Mexico City, followed by additional stores in Europe and Central and South America. Eventually in 1953, the company made a foray into Canada.

Sears was the nation’s largest retailer by revenue until the late 1980s, when Walmart surpassed it. Around that time, the annual Sears “wish book” was a must-read for children in the months before Christmas.

In June, Sears Holdings reported that its revenue fell to $5.9 billion for its first quarter that ended May 2, 2015, compared to $7.9 billion in the same period a year ago. The company said the loss related to the company's steps in 2014 "to streamline our operations and focus on our transformation into a member-centric retailer."

The company said its Sears stores in the U.S. were "negatively impacted by consumer electronics," amid fierce online and brick-and-mortar competition from retailers like Amazon.com and Best Buy.


ABC US News | World News

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iStock/Thinsktock(NEW YORK) — After a five-week closure, the Athens Stock Exchange in Greece re-opened for trading on Monday.

The struggling country’s stock market is suffering huge losses, declining more than 20 percent on the first day back.

So far, Greece’s slump Monday has not translated to a downturn in stocks around the globe. Europe is holding steady, and while U.S. stocks are poised to open slightly lower, there is no major spillover or ripple effect from the Greek stock market.

The banks in Greece are also open again after a hiatus lasting several weeks. People in the country, however, are still facing capital controls — or caps — on the amount of money they can withdraw from their financial insitutions.

 

Greek leaders are still in negotiations with its creditors for a new bailout for more loans before a deadline to repay 3 billion euros to the European Central Bank on Aug. 20.

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iStock/Thinkstock(NEW YORK) — For the Ponisciak family, "home sweet home" isn’t so sweet.

Joe and Heather Ponisciak are eager to sell their four-bedroom home in Mount Holly, New Jersey, so they can move to be closer to Heather’s job in Philadelphia.

Their home was initially listed for $325,000. They’ve already dropped the price twice, but it hasn't sold so far.

ABC's Good Morning America brought in home design expert Christiane Lemieux to see what could be done to turn things around. With a budget of $2,000, she got to work.

The first step was to create a grand entrance. The house had been hidden behind an unsightly fence, so, with $200 worth of paint and primer, the first impression was transformed.

The next step was to get rid of any dark or vibrant colors in the house – such as the burgundy in the master bedroom.

“White paint goes such a long way … where you're allowing people to picture themselves in your space,” Lemieux said.

Then, it was time to declutter and depersonalize. It’s an important step, because too many family photos and house plants make it harder for buyers to imagine themselves at home, Lemieux said.

The final step was to address the furniture. According to Lemieux, the family’s old red couch was too big and bold for the living room. For just $500, she replaced the couch with two new sofas and an accent chair.

When the Ponisciaks came home a week later, they screamed and hugged each other, delighted with the changes that greeted them.

Real estate agent Sylvia Boyer of RE/MAX did an independent evaluation. Boyer, who is not the couple's agent, believes the Ponisciaks’ home could fetch about $10,000 to $15,000 above the current asking price of $298,900.


ABC US News | World News

Extra Tips to Help Make Your Home More Sellable

1. Smell counts! Homes that smell good are more likely to sell. Those looking to make a sale should invest in scented candles, fresh flowers or consider baking cookies immediately before an open house. All prove effective.

2. Pictures are key. Make certain online photos of the home are taken in good light and from good angles. All clutter should be removed from rooms (and don't forget to remove photos and magnets from refrigerators). Don't hesitate to get up on a ladder or add extra lights to the room when you take your photos -- and make sure you are using a good camera. If you don't have one, borrow one. Many would-be buyers of homes carefully study online photos in advance and won't even bother checking out a home in person if they deem the pictures unattractive.

3. Consider including some furniture in the sale of your home in a bid to close the deal or boost the asking price. It can be a win-win for the buyers and sellers.

4. Move your furniture around to give the illusion of more space.

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PAUL J. RICHARDS/AFP/Getty Images(NEW YORK) -- Union leadership opted not to call for a strike of Verizon workers on Sunday despite no agreement in contract negotiations.

The International Brotherhood of Electrical Workers said that the two sides "remain far apart," in negotiations and that they "are disgusted by Verizon's attitude at the bargaining table." Still, Verizon employees will stay at work without a contract.

"Their greed knows no bounds," IBEW said of Verizon, "but we are not going to let our anger allow us to walk into a trap."

IBEW and the Communications Workers of America had considered calling for a strike after they argued Verizon's contract proposal didn't properly compensate workers. The proposal would have given employees a smaller raise than it did for executives, the unions say.

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iStock/Thinkstock(TOKYO) -- Japanese police have arrested the former head of a bankrupt virtual currency exchange.

Mark Karpelès, 30, was arrested on Saturday after a spokesman for the Tokyo police said Karpelès was suspected of inflating his bank account by $1 million after accessing the computer system of his defunct Bitcoin exchange called Mt. Gox.

Local media also report Karpelès is under investigation for the disappearance of hundreds of millions of dollars worth of Bitcoin.

Karpelès told The Wall Street Journal via instant messages that the reports were "false" and he would deny the allegations.

Tokyo-based Mt. Gox filed for bankruptcy in 2014 when the exchange said because of a security issue, 750,000 customer Bitcoins and 100,000 of the exchanges Bitcoins were stolen.

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iStock/Thinkstock(NEW YORK) -- After a five-week closure, the Athens Stock Exchange will finally re-open on Monday and the exchange is expected to take a dive by as much as 20%, according to the BBC.

During the debt crisis, the government imposed capital controls and the stock exchange was shut down beforehand.

The BBC reports that traders are expecting tough losses.

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(Photo by Andrew Burton/Getty Images)(NEW YORK) -- Verizon employees could walk out on Sunday after what the company is calling "challenging negotiations" on new contracts.

The company says it made a "comprehensive initial offer" in June, including a wage increase, but that union leaders "countered with a series of proposals that did virtually nothing to advance the process of negotiations." Verizon has been negotiating with the Communications Workers of America and the International Brotherhood of Electrical Workers for nearly seven weeks.

A statement from the CWA says that the union offered up a new proposal on Saturday and claims that Verizon "hasn't moved off its initial June 22nd proposal that made outrageous demands of Verizon workers."

"It's time for management to get serious, and back off its insistence on slashing the living standards of our members," says Dennis Trainor, Vice President for CWA District One -- covering workers from New Jersey to Massachusetts.

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Tatsianama/iStock/Thinkstock(SALT LAKE CITY) -- A Salt Lake City man is crediting his surveillance camera and an app on his iPhone with helping catch a burglar at his home.

Brian Ways, 25, has a surveillance app on his phone called Nest Cam, he told ABC News. The app, which detects motion and sound, records footage through a camera he set up inside his house.

Ways said he was pulling into his driveway Thursday night when he was surprised to see all the lights on in his condo. So he stayed outside, he said, and pulled up the footage from his camera, which is pointed towards the door.

"I saw some woman poking her head in my door saying, 'Hello, hello?'" Ways said of the video, which he provided to ABC News. The video also caught the suspect grabbing a letter by the front door on her way in, and then yelling out Ways' name.

Ways called his roommate, who is out of town, and then called the cops. He said police arrived within 5 to 6 minutes.

When police responded, the suspect was about to leave with property from the home, Lt. Mike Ross of the Salt Lake City Police Department told ABC News. The home video also documented a police officer standing outside and identifying himself as the suspect went to the door to surrender.

Ways said the suspect had grabbed a strange collection of items: a few receipts, his roommate's Red Sox tickets and matches that were inside Ways' suit jacket in his closet. But nothing in the condo seemed out of order, Ways said.

The suspect, Kista Dennett, 38, was arrested and charged with burglary, police said.

Ways said Dennett is a stranger.

"It still gives me goosebumps," he said.

Ross said he'd never been involved in a case like this before.

"We've caught burglars before, but it's unique with the new technology out there," Ross said. "I think we're going to see much more of it."

According to Ways, an app like this is a steep investment -- he said you need to buy the specific camera that goes along with the app as well as cloud storage for the footage.

But to Ways, the price is worth it. He said he's now going to install a second camera outside his home, too.

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NICOLAS MAETERLINCK/AFP/Getty Images(NEW YORK) -- Kraft Heinz is recalling some of its cheese products due to a choking risk, the U.S. Food and Drug Administration said Friday.

Select batches of he company's Kraft Singles -- in three and four pound packages -- are being recalled due to the risk of a small part of the packaging film sticking to the cheese slice after the rest of the wrapper has been removed. The film could cause consumers to choke, the FDA notes.

The specific cheeses affected include American and White American cheeses with a "Best When Used By Date" between Dec. 29, 2015 and Jan. 4, 2016.

A list of product codes used to identify affected packages can be found on the FDA website.

Kraft Heinz has received at least 10 consumer complaints about the packaging, and three reports of customers choking.

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tarabird/iStock/ThinkStock(NEW YORK) -- Stocks moved lower, to end the month, as investors assessed the latest batch of company earnings.

The Dow closed down 55 points, the NASDAQ fell a fraction and the S&P gave up 5 points.

Energy stocks were among the biggest losers. Exxon and Chevron dragged the Dow down more than 50 points.

Healthcare stocks, however, were among the biggest gainers.

Companies may be hiring, but they're not necessarily paying the workers they already had, more money. The government says wages and benefits grew just two-tenths of a percent this past spring, the slowest pace in 27 years.

Some real life heroes rang the closing bell on the New York Stock Exchange - New York City firefighters to mark the department's 150th anniversary.

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