Companies
Dec 22, 2014 9:08am

FedEx (FDX) and UPS (UPS) Brace for Today’s Huge Delivery Challenge

Morning Money Memo: Today is crunch time for UPS. The parcel company says today alone it will deliver 34 million packages, the most ever. UPS has spent hundreds of millions of dollars preparing for the holidays, aiming to prevent a repeat of last year’s mess… Read More »

Economy
Dec 19, 2014 7:58am

Atlantic City’s Taj Mahal Safe … for Now

Morning Money Memo … Atlantic City will not witness the shutdown of another of its famed casinos … for now. Despite failing to negotiate on a $100 million settlement deal to save the floundering boardwalk fixture, billionaire investor Carl Icahn assured Taj Mahal employees that they… Read More »

Economy
Dec 18, 2014 10:23am

New Cuban Diplomacy a Potential Boon for US Companies

  Morning Money Memo: President Obama’s decision to pursue normal relations with Cuba has many U.S. companies scrambling to consider opportunities in a brand new market that has been off limits for more than 50 years. Banks, airlines, cruise lines, hotel operators and telecom firms… Read More »

Consumer Report
Dec 17, 2014 10:01am

As Ruble Struggles, Apple (AAPL) Suspends Online Sales in Russia

Russia’s economic and financial crisis is getting even worse and threatens to spiral out of control as the value of its currency falls. Now, Apple has halted online sales of its products in Russia. “Due to extreme fluctuations in the value of the [ruble], our… Read More »

Economy
Dec 16, 2014 10:53am

Slide Continues for Oil and the Ruble

Morning Money Memo… Global financial markets are a slippery slope for oil and the ruble. Despite a huge overnight rate hike by Russia’s Central Bank, the value of the ruble continues to fall. The surprise decision to raise the rate to 17% from 10.5% has… Read More »

Companies Consumer Report
Dec 15, 2014 9:21am

Why Postal Service Officials Tossed and Turned All Night

Morning Money Memo: An over-supply of packages is today’s biggest concern for the U.S. Postal Service, which is bracing for the annual Christmas gift rush. This is expected to be its busiest day of the year, with more than 640 million cards, letters and packages… Read More »

Consumer Report
Dec 12, 2014 8:37pm

Think You’re Scoring Great Holiday Deals? Think Twice

With nearly two weeks till Christmas and holiday shoppers starting to feel the crunch, it may feel like bargains are at every corner, but retail experts are saying “Not so fast.” “The bait is that emotional impact of seeing word ‘deal,’” said Cesar Torres, the… Read More »

Economy
Dec 11, 2014 9:13am

Court Takes Ax to Insider Trading Legislation

Morning Money Memo: A federal appeals court has overturned two insider trading convictions in a controversial ruling that could potentially hamper the government’s ability to prosecute financial crimes. The Second Circuit Court of Appeals ruled that trading based on insider information is not always illegal,… Read More »

Companies
Dec 10, 2014 8:48pm

Jolie and Sandler Bear Brunt of Latest Sony Email Leak

Entertainment and electronics company Sony has apparently suffered yet another leak of internal emails. Emails reportedly hacked and leaked claimed to show a top producer criticizing Angelina Jolie’s talent and ego; employees bashing Adam Sandler’s movies; and a talent manager flattering Leonardo DiCaprio in an… Read More »

Consumer Report
Dec 9, 2014 9:53am

How Walgreen Plans to Send Doctor to You – Virtually

A top executive at America’s largest drug store chain, Walgreen, said its new telemedicine service is “all about extending convenience.” Patients will be able to see a doctor without leaving home or even visiting any of the stores’ clinics. Walgreen is partnering with MDLive to… Read More »