By ABC News

Companies Consumer Report
Jul 23, 2014 9:25am

StubHub Latest Victim of Cyberthieves

Morning Money Memo: ABC News’ John Kapetaneas reports: You may want to check that ticket again. Nearly 1,000 customers of the online ticket exchange StubHub are the latest victims of cyberthieves. The San Francisco-based, eBay-owned company Tuesday said that while the thieves did not hack… Read More »

Consumer Report
Jul 22, 2014 6:59pm

Why OJ Is Getting Squeezed From Breakfast Tables

For generations, orange juice has been the staple of a nutritious breakfast but these days, it’s feeling the squeeze. In June, Americans bought less orange juice than they ever have since the Florida Department of Citrus started keeping track in 2002. Orange juice consumption in… Read More »

By ABC News

Consumer Report
Jul 22, 2014 9:21am

McDonald’s, Coca-Cola Come Up Short

Morning Money Memo: ABC News’ John Kapetaneas reports: McDonald’s and Coca-Cola both missed analysts estimates this quarter, with McDonald’s posting a 1 percent drop in profits while Coke saw a nearly 3 percent decline in revenues. The fast-food and soda maker stood in contrast with… Read More »

By ABC News

Economy
Jul 21, 2014 11:02am

Ukraine Effect on Markets?

ABC News’ John Kapetaneas reports: Morning Money Memo … The crisis in Ukraine is shaking many economies across the globe this morning, although not nearly the level seen this past Friday. Markets in Europe were down across the board, with Italian and German markets leading… Read More »

Consumer Report
Jul 17, 2014 8:57am

Microsoft to Eliminate 18K Workers as It Absorbs Nokia

Morning Money Memo: Microsoft plans to layoff 14 percent of its workforce in the next year, or 18,000 employees, as it works to integrate the Nokia devices business it bought in April. With the Nokia deal, Microsoft’s employee headcount rose to 127,000 as of last… Read More »

Companies
Jul 16, 2014 8:29am

Rupert Murdoch and Fox in Bid for Time Warner

Morning Money Memo… Time Warner is in play and its shares jumped 14 percent this morning after a published report said Twenty-First Century Fox, run by Rupert Murdoch, made a takeover offer. The New York Times’ Deal Book column says the bid was rejected. But… Read More »

Consumer Report
Jul 15, 2014 9:32am

Reynolds’ Lorillard Deal to Reshape Tobacco Industry

Morning Money Memo… Where there’s smoke there’s a merger. Reynolds American says it will buy its smaller rival Lorillard for $27.4 billion. The complicated cash and debt deal will reshape the U.S. tobacco industry with more significant competition for Altria Group, which makes Marlboro, by… Read More »

Companies Consumer Report
Jul 14, 2014 9:14am

Citigroup Socked With $7B Bill for Selling Toxic Mortgages

Morning Money Memo: Citigroup will pay $7 billion to settle a government investigation into the sale and marketing of toxic sub-prime mortgages. Such securities were blamed for fueling the boom and bust that triggered the recession in late 2007. The agreement, announced this morning, came… Read More »

By ABC News

Companies Consumer Report
Jul 11, 2014 12:14pm

Billionaires Bring Their Muscle to Immigration Debate

Daily Money Memo ABC News’ John Kapetaneas reports: Billionaires tackle immigration this morning. Mega-moguls Warren Buffett, Bill Gates and Sheldon Adelson expressed their concerns in today’s New York Times about the state of immigration overhaul in the United States. The joint op-ed piece explained that… Read More »

Companies Consumer Report
Jul 10, 2014 8:01am

Economy at Long Last Is Gaining Traction

Morning Money Memo… It’s official. The Federal Reserve is sounding more confident that the US economy really is gaining strength. The Fed said in a statement that it plans to stop adding to its bond holdings by October. Interest rates are expected to remain low… Read More »