By John Kapetaneas

Companies Consumer Report Economy
Oct 31, 2014 11:33am

Ready, Set, Shop for Holiday Deals

Morning Money Memo: Online retailers will prepare for the holiday season even earlier this year; Amazon will unveil many of its holiday deals beginning Saturday. Office Depot and Sears will also roll out “Black Friday”-like deals in the coming weeks. Walmart will also reportedly test… Read More »

Companies Consumer Report
Oct 30, 2014 9:05am

Apple (AAPL) CEO Tim Cook ‘Proud to Be Gay’

Morning Money Memo: Apple CEO Tim Cook says he’s proud to be gay. In an essay written for Bloomberg Businessweek, Cook has become the highest-profile business leader to come out as gay. Cook says that while he never denied his sexuality, he never publicly acknowledged… Read More »

Consumer Report
Oct 29, 2014 8:28am

Retailers Forecast More Holiday Spending This Year

  Many retailers are planning for a merry Christmas. The National Retail Federation is forecasting a stronger gain for holiday spending than last year. The annual survey by the global consulting firm Deloitte is even more optimistic – forecasting a 9 percent rise in spending… Read More »

Companies Consumer Report
Oct 28, 2014 8:27am

Twitter (TWTR) Stock Tumbles, Despite Soaring Revenues

Morning Money Memo: Twitter is growing in global popularity, but not enough for skittish investors. The social media and mobile messaging company’s shares plunged more than 11 percent despite a jump in third-quarter revenue that more than doubled from last year. At least three Wall… Read More »

By John Kapetaneas

Economy
Oct 27, 2014 9:23am

US Gas Prices at Cheapest Level in 4 Years

Morning Money Memo… Gasoline prices continue to plummet across the United States, with the average price hovering around $3.04 nationwide, down $.18 in the past 2 weeks. Gas prices are now at their lowest level in four years, sparked chiefly by the rapid decline in… Read More »

By John Kapetaneas

Companies
Oct 24, 2014 8:34am

Amazon on Defensive After Hefty Quarterly Loss

Morning Money Memo… Amazon will be on the defensive this morning, as the web giant takes a hit from investors after posting its largest quarterly loss in 14 years. Amazon stock is down more than 10 percent in pre-market trading, after a third quarter earnings… Read More »

By ABC News

Consumer Report
Oct 23, 2014 9:08pm

Feds Probe Maker of Faulty Airbag Parts

Takata Industries, the maker of the defective airbag parts being recalled. affecting nearly 8 million cars, is now the subject of a preliminary criminal investigation by federal prosecutors in New York. The problem with the airbags — made at plants in Washington state and Mexico… Read More »

By ABC News

Consumer Report
Oct 23, 2014 5:27pm

3 Ways Your Smartphone Can Help You Get Out of Debt

Thomas and Megan Sneed’s daughter, Nora, is growing fast but so are their bills. “We’re like a lot of people. We graduated with college debt, we put our honeymoon on our credit card and then a year after being married, we had a baby,” Thomas… Read More »

Economy
Oct 22, 2014 8:24am

Morning Money Memo… New Mortgage Lending Rules

A change in federal rules on mortgage loans could soon give a lift to the housing market. Regulators have agreed to drop a proposed requirement that borrowers make a 20% down payment to qualify for a low-interest, high-quality mortgage. Freddie Mac and Fannie Mae are… Read More »

Companies Consumer Report
Oct 21, 2014 10:15am

Big Blues for Big Blue (IBM)

Morning Money Memo: Big blues at Big Blue. After reporting disappointing sales and earnings, some painful choices are ahead for the once-invincible IBM. Its new quarterly report led to a 7 percent drop for IBM’s share price Monday, plus a smaller decline overnight. CEO Virginia… Read More »