By ABC News

Jul 11, 2014 12:14pm

Billionaires Bring Their Muscle to Immigration Debate

Daily Money Memo ABC News’ John Kapetaneas reports: Billionaires tackle immigration this morning. Mega-moguls Warren Buffett, Bill Gates and Sheldon Adelson expressed their concerns in today’s New York Times about the state of immigration overhaul in the United States. The joint op-ed piece explained that… Read More »

Jul 10, 2014 8:01am

Economy at Long Last Is Gaining Traction

Morning Money Memo… It’s official. The Federal Reserve is sounding more confident that the US economy really is gaining strength. The Fed said in a statement that it plans to stop adding to its bond holdings by October. Interest rates are expected to remain low… Read More »

Jul 9, 2014 7:57am

Honda’s Air Bag Recall Gets Bigger

Morning Money Memo… Another massive auto industry safety recall just got bigger. Honda, one of eight manufacturers affected by problems with a supplier’s air bags, is expanding its recall by as many as one million more autos in California. The air bags made by the… Read More »

Jul 8, 2014 9:07am

Mortgage Mess Settlement Means $3B for Homeowners

Morning Money Memo: The impact of the mortgage mess keeps rumbling through the economy, nearly seven years after the crisis began. A new report says homeowners have received about $3.1 billion in cash as part of a federal settlement with 13 big banks. The deal… Read More »

Jul 7, 2014 8:05am

Dialing Up Problems? Samsung’s Profits Plunge

  Morning Money Memo: One of the business world’s biggest success stories in recent years may be set for some unhappy chapters going forward. South Korea’s Samsung Electronics is facing a third straight decline in quarterly profits. While the company remains the world’s largest seller… Read More »

Jul 2, 2014 8:48am

Goldman Sachs ‘Boys Club’ Condemned in Discrimination Lawsuit

Morning Money Memo: The big investment bank Goldman Sachs has been slapped with a gender-discrimination lawsuit and accused of fostering a “boys club atmosphere.” Visits to strip clubs and a work environment that was generally hostile to women are among the claims being made by… Read More »

Jul 1, 2014 8:32am

GM Recalls Outnumber Six Years of Sales

Morning Money Memo… The numbers are staggering. In the first six months of this year General Motors announced the recall of more than 29 million cars. That’s the largest number of recalls ever in one year by a single auto manufacturer. So far GM’s new… Read More »

Jun 24, 2014 8:28am

Airbag Recall Expands, But Do Consumers Care?

Morning Money Memo… Another massive recall involves millions of cars from seven major auto makers. The vehicles are equipped with air bags that could explode under certain circumstances. The National Highway Traffic Safety Administration, the government’s auto safety agency, says BMW, Chrysler, Ford, Honda, Mazda,… Read More »

Jun 23, 2014 8:33am

Ousted American Apparel Founder Dov Charney Eyes New Suit

Morning Money Memo… Dov Charney plans to fight his ouster as CEO and chairman of American Apparel. Charney’s lawyer accused the board of directors of illegally firing him last week, says The Los Angeles Times. In a 5-0 vote the board agreed to replace Charney… Read More »

Jun 19, 2014 8:09am

Recalls Don’t Slow GM Sales

Morning Money Memo… General Motors CEO Mary Barra faced a rough ride at a House hearing over the company’s slow response to flawed ignition switches. Members of Congress want to know why it took years for America’s largest automaker to recall defective cars. But the… Read More »