By ABC News

Oct 3, 2014 9:15am

September Jobs Report Exceeds Expectations

Morning Money Memo… ABC News’ John Kapetaneas reports: This morning’s jobs report far exceeded analysts expectations. Total job creation for September was reported at 248,000, exceeding the expected 215,000, and putting job growth once again above 200,000 following August’s disappointing results. “At this pace of… Read More »

By ABC News

Oct 1, 2014 6:16pm

Macy’s Tops List of Retailers Hiring for the Holidays

Today marks 84 days till Christmas and some retailers are handing out early presents for those looking to pick up part-time work (and some much-needed extra cash.) Seven of the US largest retailers are expected to hire a record number of employees this holiday season… Read More »

Sep 30, 2014 9:20am

EBay (EBAY) to Spin Off PayPal Into Separate Business

Morning Money Memo… PayPal is splitting from eBay and will become a separate and publicly traded company next year. The corporate breakup is expected to be completed in the second half of 2015. An EBay announcement today said its board decided that the separation was… Read More »

Sep 29, 2014 9:24am

The Rich Get Even Richer on Forbes 400 List

  Morning Money Memo: Bill Gates is the wealthiest person in America for the 21st straight year, says Forbes magazine. Gates is worth $81 billion, up $9 billion. According to the latest Forbes 400 rankings, the average net worth of each member is $5.7 billion,… Read More »

By ABC News

Sep 24, 2014 5:48pm

In Wake of Home Depot Breach, Report Says 43% of Companies Are Victims

The effects of the Home Depot data breach continued to ripple across the U.S. today as customers reported being hit with thousands of dollars in fraudulent charges, and a food chain announced that it too had suffered a security breach. Home Depot Says 56M Credit… Read More »

Sep 24, 2014 9:10am

WalMart (WMT) Wants to Be Your Low-Cost Bank

  WalMart is giving its customers another reason to come into its stores: banking. The world’s biggest retailer is launching a mobile checking account for its customers that will eliminate some of the fees charged by banks. “Walmart customers want easier ways to manage their… Read More »

Sep 23, 2014 8:53am

Treasury Department’s Tax Crackdown Sparks Political Fight

Morning Money Memo: The Treasury Department has announced a sweeping crackdown on tax inversions, the practice in which U.S. companies use mergers and takeovers of foreign firms to move their headquarters overseas to avoid paying U.S. taxes. Treasury Secretary Jack Lew says the new steps… Read More »

By ABC News

Sep 19, 2014 9:30am

Historic Alibaba IPO Not for Everyone

ABC News’ John Kapetaneas reports: Morning Money Memo All eyes will be on Alibaba’s big opening day on the market this morning. The Chinese e-commerce giant is expected to raise $21.88 billion during its IPO, making it the largest public offering in history, valuing the… Read More »

Sep 18, 2014 9:04am

Apple (AAPL) IOS 8 to Keep Data Private, Even From Police

Morning Money Memo… Apple is taking a tough new line on the security of its mobile devices, saying its new iOS 8 operating system will keep data private, even from police. The engineering of the new system, says Apple, makes it impossible for the company… Read More »

Sep 17, 2014 8:26am

Amazon (AMZN) Faces Alibaba (BABA) & Retail Threat

Morning Money Memo… Amazon is facing a growing challenge on several fronts. E-commerce giant Alibaba, often called the Amazon of China, is not only going public, but may expand into the U.S. and Europe, using the cash raised by its IPO. “We hope the become… Read More »