Companies Consumer Report
Jul 31, 2014 8:06am

Tesla (TSLA) ‘Gigafactory’ May Expand Electric Car Market

Morning Money Memo… Electric-car maker Tesla Motors and Panasonic, the Japanese-owned electronics firm, have signed an agreement for a giant battery “gigafactory” in the US.  The manufacturing facility would help Tesla become a mass manufacturer of electric cars. Tesla will manage the battery factory and… Read More »

Companies
Jul 30, 2014 9:09am

Longer Battery Life for Smartphones?

(Brent Lewin/Getty Images) Morning Money Memo… Research at Stanford University could lead to an answer for the biggest complaint from consumers about their smartphones: short battery life. In a paper published in the Nature Nanotechnology, researchers said they’ve designed a lithium-metal anode that boosts the… Read More »

Companies
Jul 29, 2014 8:12am

Southwest Airlines (LUV) Has 30 Days to Answer Fine

Morning Business Memo: Southwest Airlines has 30 days to respond to a proposed $12 million civil fine by The Federal Aviation Administration. The penalty is for repair violations on some of Southwest’s Boeing 737 jets. Regulators say starting in 2006 Southwest made major alterations to… Read More »

Companies
Jul 28, 2014 8:55am

Dollar Tree (DLTR) Buying Family Dollar (FDO)

Morning Money Memo… It’s merger Monday and today’s big deal is in the retail industry. Dollar Tree is buying rival discount store Family Dollar for about $8.5 billion. Among the big winners is billionaire investor Carl Icahn, who announced last month that he had purchased… Read More »

By ABC News

Companies Consumer Report
Jul 25, 2014 9:37am

Yes, That Lay’s Bag Has Fewer Chips, PepsiCo Says

    Morning Money Memo: ABC News’ John Kapetaneas reports: I knew my snack bag felt lighter! PepsiCo’s signature flavored potato chips are packing “an ounce or two” fewer pieces than the regular Lay’s chips, company CEO Hugh Johnston told The Associated Press. That might… Read More »

By ABC News

Companies
Jul 24, 2014 9:27am

Profits Plunge at General Motors

Morning Money Memo … ABC News’ John Kapetaneas reports: It’s a difficult day for General Motors, as the auto giant posted an 80 percent drop in 2nd quarter profits from this time last year. The company had previously announced it will pay $400 million to… Read More »

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 »