Economy
Mar 4, 2015 11:27am

Target Cutting Jobs to Save Cash

Morning Money Memo… Target says it will eliminate thousands of positions over the next two years amid restructuring at its Minneapolis headquarters, part of cost-cutting measures that it hopes will help the company save $2 billion over the next two years, the company announced. “While… Read More »

Companies
Feb 28, 2015 6:07pm

E-Readers for Real Readers

Dedicated devices for reading e-books have been a hot category for nearly a decade, with tech firms from Amazon, Samsung and Barnes & Noble releasing a dizzying number of options in recent years. Yet while most of the new devices being introduced for reading e-books… Read More »

Companies
Feb 24, 2015 9:12am

Google Challenges Apple in Tap-Pay Service

Google is teaming up with three major wireless carriers, making a major challenge to Apple Pay, the new mobile wallet system.  In a deal with Verizon, AT&T and T-Mobile, Google’s tap-and-pay service will be built into Android smartphones sold by those carriers. Smartphone owners now… Read More »

Consumer Report
Feb 23, 2015 8:53am

Survey Finds Many Americans ‘on the Edge of Financial Disaster’

Morning Money Memo … As the economy improves, more Americans are borrowing money to pay for purchases. Thirty-seven percent have credit card debt that equals or is greater than their emergency savings, says a survey released today by Bankrate.com. “These numbers mean that three out… Read More »

Companies
Feb 17, 2015 9:14am

West Coast Seaports: Car Shortages Possible Amid Labor Dispute

Morning Money Memo: U.S. businesses are already feeling the pinch from the West Coast seaports dispute. Consumers might be next. Unless there’s a breakthrough soon, car shortages are possible. Honda has ordered a production slowdown at its U.S. and Canadian plants because of a shortage… Read More »

Economy
Feb 13, 2015 10:07am

Valentine’s Day ‘I Love You’ Costing More This Year

Morning Money Memo: Do you plan on telling your sweetheart “I Love You” with a sweet treat this weekend? Well, that Valentine’s Day candy fix may cost you a bit more this year. Chocolate makers raised prices as much as 8 percent last year, according… Read More »

Economy
Feb 12, 2015 10:33am

United Airlines Rejects $51 Transatlantic Tickets It Sold in Error

Morning Money Memo: Too good to be true? United Airlines is turning down ticket holders who purchased deeply discounted flights after a computer error. The company’s Danish website had been selling transatlantic flights from London to Newark for only $51; the same ticket would cost… Read More »

Companies Consumer Report
Feb 11, 2015 9:55am

Rite Aid Expands Into Pharmacy Benefits Business

Drug store chains are changing their business models, adapting to big changes in health care. Rite Aid is expanding from running drugstores into managing pharmacy benefits with its $2 billion purchase of EnvisionRx. The company, which runs prescription drug plans for employers and insurers, also… Read More »

Economy
Feb 9, 2015 9:52am

US Markets Fall Amid Overseas Woes

Morning Money Memo: U.S. markets are lower this morning, as European fears and negative China data have pushed many markets across the globe into the red for the day. Greek Prime Minister Alex Tsipras this weekend declared an end to years of austerity in Greece,… Read More »

Companies
Feb 6, 2015 10:24am

Strong Jobs Report Lifts US Stocks

Morning Money Memo: U.S. markets are looking at a strong day on Wall Street, following positive labor market data for last month. Equities are up to start the final trading day of the week, on the heels of a 211-point gain Thursday. January jobs numbers… Read More »