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Kia to Recall Nearly 87,000 Vehicles in Wake of Fire Risk

Photo by Scott Olson/Getty Images(NEW YORK) -- Kia Motors is recalling over 80,000 vehicles after a defect in the cooling fan resistor was found, creating the risk of potential fires.

According to documents from the National Highway Traffic Safety Administration, the recall affects as many as 86,880 Kia Fortes from the 2014 model year. Vehicle owners are expected to be notified next month.

Dealers will replace the cooling fan resistor and the multifuse unit in all recalled cars. Owners of vehicles with a 1.8 liter engine will also have software updated.

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Behold a Material So Water Repellent That Liquid Just Bounces Off

BananaStock/Thinkstock(NEW YORK) -- Behold, a material so water-repellent that liquid drops just bounce off the surface.

Two scientists at the University of Rochester, Chunlei Guo and Anatoliy Vorobyev, have created a metal surface that is so hydrophobic that it makes Teflon look like superglue by comparison.

The findings were published Tuesday in the Journal of Applied Physics and the related YouTube video has logged more than 965,000 views as of Sunday.

"Super-hydrophobic materials are desirable for a number of applications such as rust prevention, anti-icing, or even in sanitation uses," the researchers said in their description of the video.

Check out the astonishing video below.

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Apple iPhone 6 and 6 Plus Sales Soar on Samsung's Home Turf

ABC News(NEW YORK) -- Apple has gained significant market share in Samsung's home country of South Korea due to the company's successful bet on making bigger iPhones.

Following the release of its 4.7-inch iPhone 6 and 5.5-inch iPhone 6 Plus, new data shows that Apple has taken a big bite out of the market shares of its closest smartphone competitors in South Korea -- Samsung and LG.

Apple was responsible for 33 percent of smartphone sales in the country in November, according to data released by Counterpoint Research.

"No foreign brand has gone beyond the 20 percent market share mark in the history of Korea's smartphone industry," said Tom Kang, Counterpoint's research director in South Korea. "But iPhone 6 and 6 Plus have made a difference here, denting the competition's phablet sales."

Apple also gained a bigger slice of the market in Japan, according to Counterpoint, soaring to 51 percent of the market share in November.

Shares of Apple stock opened at $112.32 on Friday, up more than 40 percent in the past year. The company will report earnings for its first fiscal quarter on Jan. 27.

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How to Make the Most of Falling Mortgage Rates

Creatas/Thinkstock(NEW YORK) -- The average 30-year fixed-rate mortgage is close to 3.6 percent, a near rock-bottom low that’s more than a full percentage point lower than this time last year.

And for many, refinancing could mean huge savings.

In the words of Shark Tank’s Barbara Corcoran: ”Money’s on sale.”

If a home buyer has a typical $200,000 30-year fixed rate mortgage at 4.6 percent and they refinance at 3.6 percent, they stand to save $118 a month — more than $40,000 over the life of that loan.

Too many homeowners across the U.S., however, are paying more than they need to — 20 percent are still paying rates of more than 8 percent, according to the Consumer Finance Protection Bureau.

“Anyone who has equity in their home — and a rate higher than today’s current rate — should take a look,” said Erin Lantz, a mortgage expert at real estate website Zillow.

Lantz said it was about all about shopping around — something that 47 percent of home buyers never do, according to the Consumer Finance Protection Bureau.

First-time home buyers Scott and Maya Kohn of Brooklyn, New York, said they had no idea where to start so Lantz shared the following tips to help them save as they look for their new home:

1. Don’t jump at the first offer.

“I always encourage people to look at at least three lenders and talk to them and let them know that you’re talking to other lenders,” Lantz said.

2. Negotiate until you get the best possible deal.

“So the difference between a 3.5 percent rate and a 4.5 percent rate on your purchase price could be savings of $500 a month,” Lantz said.

Experts do caution homeowners though to look at the fees and if they plan to move in two years or less, refinancing likely does not make sense because the costs would outweigh the savings.

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SkyMall Bankruptcy: The Top Ten Products We Never Needed

SkyMall(NEW YORK) -- After a long career entertaining those who forgot to bring their own amusement for their flight, the company that owns SkyMall magazine filed for Chapter 11 bankruptcy on Friday.

For those of who have spent countless hours scanning its product line -- from the mundane to the infamously ridiculous -- this is a sad day, indeed.

To honor the in-flight magazine’s impact on our lives, we've taken to Twitter where Americans are mourning the magazine’s passing using the hashtag #RIPSkyMall. Here’s a look at some of the products we would miss the most:

1. SkyRest Travel Pillow ($29.95)


Good night sweet prince: And flights of angels sing thee to thy rest. #RIPSkyMall

— Matt Kirsch (@heymattkirsch) January 23, 2015

So that you can fall asleep instead of reading SkyMall.

2. Wine Enthusiast: Wine Glass holder Necklace ($29.95)



ugh how can i buy this now #RIPskymall

— Melissa Cronin (@melissa_cronin) January 23, 2015

The perfect product for when you want to keep your glass on hand, hands-free!

3. Seabreacher Customized Boat (a very reasonable $85,000)



SkyMall is filing for bankruptcy, so get your $50,000 shark submarine/jet ski while you can.

— Jordan Cwierz (@JayOrDan23) January 23, 2015

A bargain at any price.

4. TowlHub with 4 USB Ports ($49.99-$89.99)



SkyMall is bankrupt? Where will I buy my USB charger/paper towel holder or lifesize #Stormtrooper suit? #RIPskymall

— kerryloring (@kerryloring) January 23, 2015

Just what you need, another electronic appliance in the kitchen.

5. Litter Robots ($339.99-$359.99)



What!? #SkyMall files for bankruptcy. Now where will I get a litter robot for only $359.99?

— Shannan Siemens (@ShannanSiemens) January 23, 2015

For the high-tech feline in your life.


6. Adult Plush Hopper Ball ($79.99)


"I'm a model. Well, you may have seen me recently dressed as a cowboy in Skymall."

— Jim Gaffigan (@JimGaffigan) October 22, 2014


For the kid in all of us...

7. High Waist Control Boxer Brief ($37.00)


@seenigel products like this are what make me love @SkyMall

— Mathew Katz (@MathewKatz) January 23, 2015

Because men deserve a smooth waistline too!

8. Zombie of Montclaire Moors ($99.95)



So much for my Spring garden decor plans! #RIPSkymall

— Peter Kohan (@peterkohan) January 23, 2015

A great icebreaker for your neighbors.

9. Boris the Brontosaurus ($1,950.00)



SkyMall filed for bankruptcy? You mean to tell me nobody wanted Boris the Brontosaurus?! #RIPSkyMall

— Tieks Girl (@tieks) January 23, 2015

Who wouldn't want a 7-foot tall prehistoric garden accessory?

10. Nightglow Toilet Seat ($49.99)



How could SkyMall be going bankrupt?

— Jesse Spector (@jessespector) January 23, 2015

Never again will I fall into the toilet at night.


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Dow, S&P 500 Reverse Course Following Days of Gains

iStock/Thinkstock(NEW YORK) -- After four days of gains, poor earnings reports sent stocks sliding to close the week.

The Dow Jones Industrial Average finished the session on Friday at 17,672.60, down 141.38 from its open.

The Nasdaq however rose 7.48 to 4757.88. The S&P 500 was down 11.33 to close at 2051.82.

Fast-food giant McDonalds reported earnings and sales fell in the fourth quarter, but the company says it will take action to bring customers back.

Mastercard said on Friday it will lift the ban on U.S. credit card transactions in Cuba starting on March, due to new guidance from the U.S. Treasury Department.

Sales of existing homes jumped 2.4 percent in December, but total sales for 2014 slipped more than three percent.

Many first-time buyers were also priced out, as home values increased six percent last year to a median price of just under $210,000.

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The Story Behind the Eight New Messages On Your Candy Hearts This Year

Necco(NEW YORK) -- With Valentine’s Day only a few weeks away, Sweethearts is entering its busy season again. The popular heart-shaped sugar candy regularly adds and removes sayings each year to prep for the new season, but 2015 marks a historic moment for the 149-year-old brand: fan-sourced phrases.

Last year, Sweethearts launched “Color Your Own” black-and-white boxes that had an empty space for young fans to color their phrase suggestions and submit their entries for consideration.

“We saw it as another way to expand the Sweethearts brand and really interact with our younger fan base,” Necco social media specialist Mary Lane told ABC News “It’s a great and fun unique product, so it’s an exciting new innovation for us.”

A panel of five judges chose from over 150 entries that came from 32 states.

“We were excited to see that high of a participation rate, especially our first year,” Lane said. “It took us a while to go through every one to give them all an equal chance, but the winners that we did end up picking really stood out. They put so much effort and creativity into each of those designs.”

The winners were Makendra Mowad from Bristol, Conn., in the 5 to 7 age group, Grace Forgea from Santa Barbara, Calif., in the 8 to 10 age group, and Teagan Clark from Ransomville, New York, in the 11 to 12 age group. Each winner also got $1,000.

Mowad chose “Girl Power,” Forgea went with “Pugs & Kittens” and Clark decided on “Luv 2 Dance.”

“After we contacted them letting them know they had won, their excitement matched our own,” Lane said. “They were so happy to participate to begin with, and the fact that they were winners you could tell for each contestant it really mattered to them and they were proud. One of our contestants told us she included it as a speech in her school.”

In addition to the fan phrases, Sweethearts also added “BFF,” two emojis (a smiley face and a moustache) and “I Love You” in Spanish and French.

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India's Female-Friendly Pink Cabs Come Equipped with Panic Button

Meru Cab/Facebook(DELHI, India) -- In response to an alleged rape by an Uber driver last month, one of India's largest taxi companies is rolling out a new service focused around female safety.

MeruEve, which was officially launched by Meru Cabs in Delhi, is the name given to a new fleet of pink and white hatchbacks outfitted with pepper spray, panic buttons and pink-vested female drivers trained in self defense. The cars are only available to female passengers.

"Today safety has assumed the utmost importance amongst commuters when using local transport," said Siddhartha Pahwa, CEO of Meru Cabs. "At Meru, passenger safety has always been pivotal resulting in various technological innovations to overcome security issues impacting the cab industry. MeruEve is an extension of our efforts and we are proud to launch our new service in support with Delhi Police.”

Liveries designed to appeal to women's safety concerns have existed in India for years, such as ForShe Taxis and Sakha Consulting Wings, both offering female chauffers.

But MeruEve has taken the commitment a step further, working in tandem with Delhi police departments to equip its cars with 3G enabled mobile phones with video recording capability, a panic buzzer, pepper spray, women helpline numbers, and a speed dial for the local distress call number.

In addition, its female drivers are trained by local police how to respond in emergency situations, according to the company announcement.

MeruEve cabs will be available to passengers at a standard radio taxi fare of 23 rupees per kilometer, the announcement stated. The service will be available through a call center, the company's existing mobile app, and via curbside pickup.

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PayPal, Google Join Crimea Tech Exodus

iStock/Thinkstock(NEW YORK) -- It's a tough time to be a tech savvy person in Crimea.

PayPal and Google are among the companies that are blocking certain services to the beleaguered peninsula, according to reports.

The move comes one month after the United States levied sanctions in retaliation for Russia's annexation of Crimea, as part of an ongoing conflict with Ukraine.

A PayPal spokesperson told ABC News the company strives to offer "uninterrupted service" in all of its 203 markets, however "we regret we cannot provide this high level of support to our customers in Crimea at this time."

"We regret any inconvenience this may cause and look forward to returning to the region once there are conditions for us to offer customers in Crimea uninterrupted service," the spokesperson said.

Several of Google's paid platforms, including AdSense and AdWords, have been cut off in parts of the region, according to reports from Russian media.

If reports are true that Google will shut down its Google Play store in Crimea effective Feb. 1, it would be a blow for a region where Android is the most prevalent mobile operating system.

Google did not immediately respond to ABC News' request for comment, however a spokesperson told TechCrunch that "Sanctions have recently been imposed on Crimea by the U.S. and the E.U. We are complying with them."

It was also reported earlier this week that developers in Crimea received a message from Apple letting them know their developer agreement was terminated "effectively immediately." Apple did not immediately respond to ABC News' request for comment.

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Some Apple Execs Made More Money than CEO Tim Cook in 2014

Apple(NEW YORK) -- One of the most powerful women in technology has out-earned her boss, Apple CEO Tim Cook.

Angela Ahrendts, Apple's senior vice president of retail and online stores, earned a hefty $73 million pay package in 2014, according to a filing with the Securities and Exchange Commission.

By comparison, following the release of the iPhone 6 and iPhone 6 Plus last year, Cook earned $9.2 million -- more than double of what he made in 2013.

Several other Apple executives also earned more money than Cook in 2014 due to stock awards.

Luca Maestri, Apple's chief financial officer, for example, earned $14 million, the SEC filing shows.

But Ahrendts, who joined the company in May 2014 after stepping down as the CEO of British clothing brand Burberry, was by far the top earner at the world's most valuable company. Her compensation package included stock awards worth more than $70 million.

While Ahrendts had a sizable windfall, it's likely that her payday, and Maestri's, will be more in line with their peers for 2015.

Apple's SEC filing notes that "limited exceptions" are made for awards for new hires or in connection with promotions. Ahrendts and Maestri both joined the company last year.

"Because the Company's executive officers operate as a team, the Compensation Committee considers internal pay equity to be an important factor in its decisions on executive compensation," the filing said. "In subsequent years, Ms. Ahrendts and Mr. Maestri are expected to receive the same annual compensation package as other executive officers."

Shares of Apple stock opened at $112.32 on Friday, up more than 40 percent in the past year. The company will report earnings for its first fiscal quarter on Jan. 27.

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Why Google's Eric Schmidt Believes the Internet Will Disappear

Miguel Villagran/Getty Images(DAVOS, Switzerland) -- Google executive chairman Eric Schmidt has a jarring prediction for the future of the Internet.

"The Internet will disappear," Schmidt said during a panel at the World Economic Forum in Davos, Switzerland on Thursday, where the world's brain trust has gathered to discuss everything from technology to the economy.

The comment made plenty of heads spin.

Schmidt expanded on his comments, saying that the Internet will become so seamlessly integrated into our daily lives that it will simply fade into the background.

As wearables gain traction and our homes become smarter and more connected, Schmidt sees a future where the Internet is all around us.

"It will be part of your presence all the time," Schmidt said, according to CNET. "Imagine you walk into a room, and the room is dynamic. And with your permission and all of that, you are interacting with the things going on in the room."

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Oil Prices Spike on News of King Abdullah’s Death

Stockbyte/Thinkstock(NEW YORK) -- Following the news of King Abdullah’s death on Thursday, crude oil spiked 2.5 percent.

Oil prices have fallen by half in the past year, dropping 3 percent earlier on Thursday before the death of the 90-year-old leader of Saudi Arabia was announced.

Saudi Arabia is now the world’s second-largest energy producer, behind the U.S., which became No. 1 this year. The Saudis have a great amount of control over where world energy prices go. They’ve been continuing to produce large amounts of oil, even as prices are tanking, which in turn has driven prices lower.

Many analysts think King Abdullah’s half-brother and successor, Price Salman, will keep the same policies in place, but the market is reacting anyway, expecting him to face growing pressure.

Why would the Saudi’s intentionally drive oil prices lower when oil is fundamental to Saudi Arabia’s economy?

Reasons might include to weaken Iran and to drive some of the competition out of business.

Still it’s a risky proposition for Saudi Arabia’s economy. Some 80 percent of government revenue and 40 percent of GDP come from oil. And it’s risky for its people, who rely on the government to subsidize education, healthcare, etc., and provide jobs.

Saudi Arabia is forecasting its biggest deficit ever this year, $39 billion -- and it’s because of oil.

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Four Ways to Easily and Painlessly Cut Family Expenses

iStock/Thinkstock(NEW YORk) — Lauren and Mark Greutman live as frugally as possible, clipping coupons, buying in bulk at the grocery store and driving an old car. But that wasn’t always the case.

“We had no idea what we were doing, we had no idea where our money was going and then suddenly we turned around and we’re $40,000 in debt,” Lauren Greutman said.

A married couple with four kids, Lauren and Mark said they had to start from scratch. They said they lost their dream home in the mortgage crisis, and started pinching pennies. With downsizing and doing their finances together as a couple, instead of separately, the Greutmans realized they could reduce their debt with a few changes. Lauren said it was as much of an emotional makeover as a monetary one.

“It really was more, I think, an emotional connection that we had to make, rather than numbers connection,” Mark said. “We had to figure out you know where this came from and how we were going to move forward.”

The Greutmans said they not only got rid of their debt, they put money away for retirement. Lauren now dishes on her meal plans and extreme couponing expertise on her blog, She and her husband now enjoy helping other couples that are facing financial ruin.

For ABC's Nightline, the Greutmans helped the Williams family of Oswego, New York, go over their finances, and even did a walk-through in their home to figure out where they could cut costs and get out of debt.

Find out how they did it on Nightline Friday night at 12:35 a.m. ET and see some of the Greutman’ tips for living frugally below.

1. Sell Your Used High-End Items

As she walked through the Williams family home, Lauren Greutman pointed out high-end items they could sell on Craigslist, including a Sharper Image massage chair, a foosball table, some pairs of shoes out of Mark Williams’ Air Jordans collection and a Keurig coffee machine.

“If you sell this, I bet you could get at least $50 for it,” Lauren said.

After Mark Greutman realized he was spending thousands of dollars every year on take-out coffee, he started roasting his own every morning at home, which he said also helped save money. “You can buy these green beans online for $5 or $6 bucks a pound and I have this DIY coffee roaster I made,” he said.

Lauren suggested selling the massage chair for $150, the foosball table for $50 and those Air Jordans in Steve’s collection for $100-$150 a pair. In the end, the Gruetmans found $1,500 worth of saving for the Williams family in 15 minutes.

2. The Freezer Is Your Friend

The Greutmans are huge couponers and use it to their advantage by buying food in bulk and sticking it in the freezer. For example, Lauren was able to buy nine loaves of bread on the cheap with a coupon and freeze them, giving her enough bread for a month.

“Being frugal doesn’t mean that you have to eat junk food all the time,” Lauren said. “You just have to know when to stock up on things that are healthy.”

The family gets their meat from a local farmer and will buy enough at once to last them a whole year, putting what they aren’t eating right away in the freezer. “We have a half of a cow that we bought from a local farm in here,” Lauren said, pointing out steaks, ground beef and beef loin.

They will also make a week’s worth of pre-cooked meals at once and freeze them until ready to eat to save time and money.

“We actually have 15 freezer meals so about once a month we get together, spend about three hours and make about 20-25 dinners at one time,” Lauren said. “You just pull it out of the freezer stick it in the slow cooker…so we have macaroni and cheese and chicken enchiladas, Alfredo sauce, homemade spaghetti and meatballs all ready to be eaten just like that.”

3. Shop Smart at Thrift Stores, Garage Sales

When Lauren Greutman shops for clothes at thrift stores or garage sales, she checks the labels for clothes that come from mall stores.

“I usually buy all of my kids clothes at garage sales,” Lauren Greutman said. “We spent about $30 at a garage sale this summer to buy his whole wardrobe. That included 10 pairs of pants, six pairs of shorts, about a dozen t-shirts.”

4. Cut Out Monthly Expenses

The Greutmans encouraged the Williams to make a budget together and cut out monthly expenses, such as take-out food and premium TV channels. Lauren even cuts her husband's and their kids' hair.

“People have hidden money in their house all the time,” Lauren said. “Finding an emergency savings in your house right at this moment gives you momentum so that you don’t have to go into more debt.”

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Different Colored Print Ads Produce Different Results

Lionsgate(COLUMBUS, Ohio) — Not everything is black-and-white when it comes to the effectiveness of print ads. Sometimes color can do more to influence consumers but in another way.

Ohio State University researchers sought to learn if black-and-white images might appeal to people differently than color images by categorizing ads for sneakers into two groups.

It turns out that when shown the black-and-white pictures, participants honed in on basic product features of the sneaker, which was primarily their functionality.

Yet, when presented with the color images, the focus was more on the aesthetic design of the sneaker than basic features.

The message for advertisers then is that if a product’s primary features are dominant, they should think about going with black-and-white ads. However, if the secondary or more frivolous features attract attention, they should go with color.

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Family Dollar Shareholders Approve Dollar Tree Merger Deal

SweetBabeeJay/iStock Editorial/Thinkstock(NEW YORK) -- Family Dollar stockholders voted on Thursday to approve a merger with Dollar Tree, a deal months in the making.

Family Dollar said in a news release about 89 percent of the total shares voted were voted in favor of the merger. "We are pleased with the outcome of today's vote," said Howard Levine, Family Dollar's chairman and CEO.

The merger remains subject to the approval of the Federal Trade Commission, which the Family Dollar release said will be given four weeks' notice before the companies close on the merger.

Dollar Tree CEO Bob Sasser said in a statement that the merger means that the company "will soon operate 13,000 stores in 48 states and five Canadian provinces with annual sales exceeding $18 billion."

The merger has been in the works since July 2014. Bloomberg News reports that the deal is worth more than $8 billion.

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