Companies Consumer Report
Aug 29, 2014 11:08am

Google (GOOGL) Eyes the ‘Game of Drones’

  Morning Money Memo: Google officially enters the “game of drones.” The tech giant is reportedly testing a drone-based delivery system, dubbed Project Wing. In development by Google X, the company’s advanced-research department, Project Wing would potentially rival the conceptual drone-based system being developed by… Read More »

Companies Consumer Report
Aug 28, 2014 9:15am

Home Sales Bouncing Back When Economy Needs It Most

  Morning Money Memo: Happy days are here again for housing … sort of. After more than a decade of boom and bust, a vital part of the U.S. economy may be finally returning to normal. That could be very good news for growth. Signs… Read More »

By ABC News

Made in America
Aug 27, 2014 5:36pm

US Companies Take Fight Against Counterfeiters in Own Hands

At the International Property Rights Center in Washington D.C., director Lev Kubiak said selling counterfeit items was a “very, very lucrative business.” “I think most Americans have no idea” just how much of what they’re buying is actually fake, Kubiak said. Related: Can you spot… Read More »

Consumer Report
Aug 27, 2014 9:04am

Controversy Erupts Over Burger King’s (BKW) Move

Morning Money Memo… Burger King is facing a grilling from critics of U.S. companies that move overseas to cut their tax bills. “I’ve eaten my last Whopper,” is among the many comments on Burger King’s Facebook page. The company announced on Tuesday that it would… Read More »

Companies Consumer Report
Aug 26, 2014 8:33am

Why Amazon (AMZN) Is Buying Gamer Site Twitch

Morning Money Memo: Watching people play video games is a spectator sport. That’s why Amazon is paying nearly $1 billion for Twitch Interactive, the most popular streaming channel for people who watch others play video games. Amazon wants to own this space. Twitch is a… Read More »

Companies
Aug 25, 2014 8:58am

Millennials Boost Chipotle (CMG), Defect From McDonald’s (MCD)

Morning Money Memo… There’s another troubling item on the menu for McDonald’s to chew on: Millennials are defecting to other restaurant chains. “Increasingly, younger diners are seeking out fresher, healthier food and chains that offer customizable menu options for little more than the price of… Read More »

By ABC News

Consumer Report Economy
Aug 22, 2014 3:53pm

Here’s How to Minimize the Student Loans ‘Ruining Our Lives’

ABC News’ John Kapetaneas reports: About 20 million college students will begin classes nationwide this fall, with more than a few of them taking out federal and private loans to finance their education. Total U.S. student debt stands upwards of $1 trillion in 2014, outpacing… Read More »

By ABC News

Companies Consumer Report
Aug 22, 2014 9:39am

GM Legal Department Draws Federal Scrutiny on Recalls

ABC News’ John Kapetaneas reports: Morning Money Memo: Federal prosecutors are probing the legal department of General Motors on a potential concealment of evidence from regulators that may have hindered the recall of potentially flawed vehicles, the Wall Street Journal reports this morning. The company… Read More »

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 »