Companies Consumer Report
Aug 21, 2014 9:01am

Bank of America (BAC) Makes Whopping Mortgage Settlement

Morning Money Memo: Today’s Bank of America settlement with the federal government is a record. The nearly $17 billion deal resolves an investigation into allegations the bank misled purchasers of mortgage-backed securities before the 2008 financial crisis. The settlement is the largest ever reached between… Read More »

Companies Consumer Report
Aug 20, 2014 8:54am

Uber Hires ex-Obama Aide David Plouffe

Morning Money Memo: When you have a controversial product to sell, it may be time to call in a heavy-hitting public relations and crisis consultant to pilot your way through a mass of objections. David Plouffe, President’s Obama’s former campaign manager and White House aide,… Read More »

Companies Consumer Report Economy
Aug 19, 2014 8:45am

Taser (TASR) Shares Jump With Ferguson Unrest

  Morning Money Memo: The unrest in Ferguson, Missouri, is having a dramatic effect on shares of Taser International Inc. (TASR). The Scottsdale, Arizona-based company, best known for its electroshock “stun” guns, has seen its share price jump 19 percent in the past five trading… Read More »

Companies Consumer Report
Aug 18, 2014 8:37am

Dollar General (DG) Counters With Rival Bid for Family Dollar (FDO)

Morning Money Memo: A bidding war is heating up for the struggling discount retailer Family Dollar, and big bucks are involved. Dollar General has made a proposal to acquire Family Dollar for $78.50 per share, or about $9.7 billion. The all-cash bid is more generous… Read More »

By ABC News

Consumer Report
Aug 15, 2014 9:34am

Box Office Battle: ’80s Action Stars vs. ’80s Action Turtles

Morning Money Memo… ABC News’ John Kapetaneas reports: It will once again be a battle at the weekend box office, only this time with much lower stakes. Sylvester Stallone’s third installment of “The Expendables,” the half-billion dollar series comprised of mostly 1980s action movie stars,… Read More »

By ABC News

Companies Consumer Report
Aug 14, 2014 9:47am

Retail Sales Slow, Raising Concerns About Economy

By John Kapetaneas Morning Money Memo… Retailers are posting uneven results this year, but economists and investors are not sounding the warning bells just yet. Although retail sales for the third quarter have gotten off to a slow start, with July’s retail numbers falling below… Read More »

By ABC News

Companies Consumer Report
Aug 12, 2014 9:07am

The Business of Robin Williams, by the Numbers

  Morning Money Memo: ABC News’ John Kapetaneas reports: The late Robin Williams’ most iconic roles touched many of our hearts: he made us laugh, he made us cry, he made us experience the theater, stage and television like so few in his craft could…. Read More »

By ABC News

Companies Consumer Report
Aug 8, 2014 9:11am

GM Advises SUV Owners to Avoid Garages in 60th Recall

Morning Money Memo ABC News’ John Kapetaneas reports: General Motors is under scrutiny for yet another round of safety recalls, focusing this time on the power switches of several SUV models that could potentially catch fire when left unattended. GM is advising owners of select… Read More »

Consumer Report
Aug 6, 2014 9:02am

Walgreen (WAG) Abandons Plan to Move Overseas

Great expectations … no more. Plans for three big business deals have been shelved. The Walgreen Company plans to keep its roots firmly planted in the United States, saying it will no longer pursue an overseas reorganization – a politically touchy move that would have… Read More »

Companies Consumer Report
Aug 5, 2014 9:10am

Now It’s Subprime Auto Loans Under Scrutiny

Morning Money Memo: Federal prosecutors are looking into the booming business of subprime auto loans. The investigation raises questions about whether GM and other firms have been selling questionable auto-loan investments to investors. The recent rise in auto sales has been fueled largely by consumer… Read More »