Mar 12, 2014 8:04am

GM Faulty Ignition Switch Probe Expands

Morning Money Memo… General Motors is facing more questions and potential legal problems over the recall of 1.6 million compact cars for faulty ignition switches. The Justice Department has launched an investigation that could lead to criminal charges. “It’s incredible to me that General Motors… Read More »

Mar 11, 2014 5:25pm

Twitter Stock (TWTR) Dropped $1 During Site Outage

Shares of Twitter (NYSE: TWTR) dropped about a dollar around the time the social media site was “down for maintenance,” but larger factors will be affecting the stock for the long haul, according to analysts. Read More: Twitter Outage Causes Temporary Panic Among Users   … Read More »

Mar 11, 2014 7:58am

GM Faces New Safety Probe Over Slow Recall

Morning Money Memo… General Motors has hired Tony Valukas, a well-known lawyer and former US attorney, to lead its internal investigation into safety issues. The inquiry will look into why faulty ignition switches were used in some GM cars years after concerns were first raised…. Read More »

Mar 10, 2014 8:07am

Google Seeks to Dominate OS for Wearable Devices

Morning Money Memo… The market for wearable devices could be technology’s next goldmine, and Google wants to be a big part of it. Sundar Pichai, senior vice president of Android and Chrome, says Google will soon release a free software development kit to firms making… Read More »

Mar 7, 2014 9:00am

February Jobs Report Shows Surprising Strength

Morning Money Memo… The Labor Department says 175,000 new jobs were created in February, more than expected, and good news for Wall Street investors. Stock futures jumped on the news. The US unemployment rate rose slightly to 6.7 percent. January’s job creation estimate was also… Read More »

Mar 4, 2014 8:12am

Why Ace Hardware and Pawz Dog Boots Love Winter

Morning Money Memo… Harsh winter weather in most of the country has been drag for many businesses, especially retailers and restaurants. Car sales were flat in February compared with last year – a clear disappointment for automakers and dealers. The industry entered 2014 expecting to… Read More »

Feb 28, 2014 11:50am

New Reebok Logo Looks Like the ‘Star Wars’ Imperial Shuttle

Struggling athletic gear maker Reebok has a new logo, which it calls the Reebok Delta symbol. Formerly used on Reebok’s CrossFit-branded product for the past few years, the new Delta symbol now officially brings to retirement the company’s “vector” symbol that represented the brand for… Read More »

Feb 26, 2014 5:00am

NBA’s First Openly Gay Player Has League Seeing Green

When Jason Collins suits up tonight for the Brooklyn Nets, the first openly gay athlete active in the big four professional men’s team sports will put on a black-and-white jersey. But to the NBA, it may look green. Even though Collins, a journeyman center-forward, was… Read More »

By ABC News

Feb 25, 2014 8:42am

Major Bitcoin Exchange Mt. Gox Collapses

Morning Business Memo By John Kapetaneas Major bitcoin exchange website Mt. Gox went offline today, as trading on the Tokyo-based site came to a screeching halt. The site had disabled withdrawals earlier this month. The apparent closure has added to investor scrutiny over the virtual… Read More »

Feb 21, 2014 4:02pm

Fitbit Recalls ‘Force’ Wristband in Rash Move

Fitness device maker Fitbit is halting the sale of its Force wristband and has issued a recall because customers have complained that the strap-on tracker caused a skin irritation. The company is offering a refund for the full retail price of $129.95. The bracelet gadget,… Read More »