Aug 28, 2014 9:15am

Home Sales Bouncing Back When Economy Needs It Most

  Morning Money Memo: Happy days are here again for housing … sort of. After more than a decade of boom and bust, a vital part of the U.S. economy may be finally returning to normal. That could be very good news for growth. Signs… Read More »

Aug 26, 2014 8:33am

Why Amazon (AMZN) Is Buying Gamer Site Twitch

Morning Money Memo: Watching people play video games is a spectator sport. That’s why Amazon is paying nearly $1 billion for Twitch Interactive, the most popular streaming channel for people who watch others play video games. Amazon wants to own this space. Twitch is a… Read More »

Aug 25, 2014 8:58am

Millennials Boost Chipotle (CMG), Defect From McDonald’s (MCD)

Morning Money Memo… There’s another troubling item on the menu for McDonald’s to chew on: Millennials are defecting to other restaurant chains. “Increasingly, younger diners are seeking out fresher, healthier food and chains that offer customizable menu options for little more than the price of… Read More »

By ABC News

Aug 22, 2014 9:39am

GM Legal Department Draws Federal Scrutiny on Recalls

ABC News’ John Kapetaneas reports: Morning Money Memo: Federal prosecutors are probing the legal department of General Motors on a potential concealment of evidence from regulators that may have hindered the recall of potentially flawed vehicles, the Wall Street Journal reports this morning. The company… Read More »

Aug 21, 2014 9:01am

Bank of America (BAC) Makes Whopping Mortgage Settlement

Morning Money Memo: Today’s Bank of America settlement with the federal government is a record. The nearly $17 billion deal resolves an investigation into allegations the bank misled purchasers of mortgage-backed securities before the 2008 financial crisis. The settlement is the largest ever reached between… Read More »

Aug 20, 2014 8:54am

Uber Hires ex-Obama Aide David Plouffe

Morning Money Memo: When you have a controversial product to sell, it may be time to call in a heavy-hitting public relations and crisis consultant to pilot your way through a mass of objections. David Plouffe, President’s Obama’s former campaign manager and White House aide,… Read More »

Aug 19, 2014 8:45am

Taser (TASR) Shares Jump With Ferguson Unrest

  Morning Money Memo: The unrest in Ferguson, Missouri, is having a dramatic effect on shares of Taser International Inc. (TASR). The Scottsdale, Arizona-based company, best known for its electroshock “stun” guns, has seen its share price jump 19 percent in the past five trading… Read More »

Aug 18, 2014 8:37am

Dollar General (DG) Counters With Rival Bid for Family Dollar (FDO)

Morning Money Memo: A bidding war is heating up for the struggling discount retailer Family Dollar, and big bucks are involved. Dollar General has made a proposal to acquire Family Dollar for $78.50 per share, or about $9.7 billion. The all-cash bid is more generous… Read More »

By ABC News

Aug 14, 2014 9:47am

Retail Sales Slow, Raising Concerns About Economy

By John Kapetaneas Morning Money Memo… Retailers are posting uneven results this year, but economists and investors are not sounding the warning bells just yet. Although retail sales for the third quarter have gotten off to a slow start, with July’s retail numbers falling below… Read More »

By ABC News

Aug 12, 2014 9:07am

The Business of Robin Williams, by the Numbers

  Morning Money Memo: ABC News’ John Kapetaneas reports: The late Robin Williams’ most iconic roles touched many of our hearts: he made us laugh, he made us cry, he made us experience the theater, stage and television like so few in his craft could…. Read More »