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Business News: New PayPal App could replace credit cards

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  • Web Exclusive: Company cancels class to nix Southern accents, y'all, after complaints

    Web Exclusive: Company cancels class to nix Southern accents, y'all, after complaints

    Wednesday, July 30 2014 10:04 AM EDT2014-07-30 14:04:04 GMT
    We live in the South, so some of us may have a Southern accent, but would you consider saying "goodbye" to "howdy, y'all"?
    The Oak Ridge National Laboratory in Tennessee was going to offer a speech class for it's workers next month to do just that, until it got canceled.
    More >>
    We live in the South, so some of us may have a Southern accent, but would you consider saying "goodbye" to "howdy, y'all"?
    The Oak Ridge National Laboratory in Tennessee was going to offer a speech class for it's workers next month to do just that, until it got canceled.
    More >>
  • Web Exclusive: Ultra HD TVs

    Web Exclusive: Ultra HD TVs

    (CNN) -Some people just have to have the latest in television technology. The newest TVs on the market- ultra-high definition TVs- or UHD TVs. They have higher screen resolution than current high def screens, and are also known as "4-K" sets. "More >>
    (CNN) -Some people just have to have the latest in television technology. The newest TVs on the market- ultra-high definition TVs- or UHD TVs. They have higher screen resolution than current high def screens, and are also known as "4-K" sets. "More >>
  • Web Exclusive: A product to help keep sharks away on sale

    Web Exclusive: A product to help keep sharks away on sale

    Monday, July 28 2014 9:40 AM EDT2014-07-28 13:40:46 GMT
    If you're headed on a beach vacation, there's a product you may be interested in to help keep sharks away.  The device is called a Shark Shield.  It is now being sold in Florida.More >>
    If you're headed on a beach vacation, there's a product you may be interested in to help keep sharks away.  The device is called a Shark Shield.  It is now being sold in Florida.More >>

(CBS) - In Business News, your face may soon become a new form of currency.

PayPal is trying out a smartphone system that allows stores to link to a customers PayPal account. If they recognize the customer's face they then withdraw the funds. PayPal is trying to create an alternative to debit and credit cards.

The company is testing the technology in Britain and hopes to expand to other countries. 



(CBS) - A Swiss retailer is doing damage control after Oprah Winfrey says an employee made a racist comment to her.

The TV icon was in Zurich looking for high end handbags at a shop called Trois Pomme. Oprah says when she asked to see a $38,000 dollar bag, the shop assistant told her she couldn't afford it and directed her to a cheaper item.

The owner of the luxury shop claims the assistant never meant to offend the billionaire and blames the incident on a language barrier. 



(CBS) - The ancient pearl business is making a comeback in the Persian gulf.

For thousands of years fisherman dove for oysters hoping to find a pearl. Today companies use the modern process of putting tiny pearl beads into oysters and then wait for them to grow.

The United Arab Emirates has an oyster farm that contains about 40,000 oysters. 

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