By ABC News

Jul 23, 2014 9:25am

StubHub Latest Victim of Cyberthieves

Morning Money Memo: ABC News’ John Kapetaneas reports: You may want to check that ticket again. Nearly 1,000 customers of the online ticket exchange StubHub are the latest victims of cyberthieves. The San Francisco-based, eBay-owned company Tuesday said that while the thieves did not hack… Read More »

Jul 16, 2014 8:29am

Rupert Murdoch and Fox in Bid for Time Warner

Morning Money Memo… Time Warner is in play and its shares jumped 14 percent this morning after a published report said Twenty-First Century Fox, run by Rupert Murdoch, made a takeover offer. The New York Times’ Deal Book column says the bid was rejected. But… Read More »

Jul 14, 2014 9:14am

Citigroup Socked With $7B Bill for Selling Toxic Mortgages

Morning Money Memo: Citigroup will pay $7 billion to settle a government investigation into the sale and marketing of toxic sub-prime mortgages. Such securities were blamed for fueling the boom and bust that triggered the recession in late 2007. The agreement, announced this morning, came… Read More »

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 »