May 19, 2014 9:22am

Consumer Uproar Over AT&T Bid for DirecTV

Morning Money Memo… Consumer groups are in full cry against the proposed takeover of satellite TV company DirecTV by AT&T. “That’s not good for consumers,” says Craig Aaron, president of the non-profit media and technology advocacy group, Free Press. “Their prices end up going up… Read More »

By ABC News

May 16, 2014 9:46am

JC Penney Rises From the Ashes

Morning Money Memo … ABC News’ John Kapetaneas reports: JC Penney has seen its stock soar nearly 20 percent in after-hours trading after reporting net sales of $2.8 billion as compared to $2.64 billion in the first quarter of 2013. Although the company is not… Read More »

May 14, 2014 8:05am

Netflix Growth Makes It Road Hog of the Internet

Morning Money Memo… Netflix, the king of downloads, is grabbing more bandwidth, and was responsible for 34 percent of all peak-time Internet usage in early 2014. Sandvine, a Canadian networking services firm, says Netflix’s share continues to rise. YouTube dropped from more than 18 percent… Read More »

May 13, 2014 8:27am

New TV Merger? AT&T Mulling Bid $50B for DirecTV

Morning Money Memo…. Streaming TV is a huge growth industry and that may the main reason why AT&T may be willing to buy DirecTV for more than $50 billion. The proposed takeover would be the latest merger in the pay-TV, giving AT&T, the second largest… Read More »

May 12, 2014 3:49pm

Don’t Freak Out If You Haven’t Booked Your Private Jet to Cannes Yet

What a headache it would be traveling to Cannes, only to realize you forgot to book a private jet. Thankfully, Uber has the rich kids of the Cannes Film Festival covered so they don’t have to make the journey from Paris to the south of… Read More »

May 12, 2014 7:55am

Mall Vacancies Rise as JC Penney, Sears Downsize

Morning Money Memo… More retail distress is having a big impact on many mall operators. Store closings by JC Penney, Sears, RadioShack and other struggling retailers may raise mall vacancy rates, making them less attractive places for shoppers. Nearly half of U.S. malls have Penney… Read More »

Apr 25, 2014 9:11am

Amazon Sales Soar But They Deliver a Tiny Profit

Morning Money Memo… Earnings season is all about the bottom line, except if you’re Amazon. The retail and entertainment giant reported blow-out sales, but tiny profits. First quarter revenues were $19.74 billion – up 23 percent on the year before. Earnings were a tiny percentage… Read More »

By ABC News

Apr 23, 2014 10:25am

Can’t Wait in Line for a Cronut? Hire This Guy

By EAMON McNIFF, SARAH LANG, KIMBERLY LAUNIER, and ALEXA VALIENTE Want to try a cronut, but don’t want to wait in line for one? This man will do the waiting for you. While some people dread the thought of waiting in lines, Robert Samuel turned… Read More »

Apr 22, 2014 3:47pm

Mark Cuban in the Hot Seat: ‘Shark Tank’ Star Reveals 9 Little Known Facts About Himself

Billionaire investor Mark Cuban is no stranger to the headlines. He owns the Dallas Mavericks, he’s Mr. Shark Tank and now he’s got a new app, Cyber Dust. The new messaging app is being described as a cross between WhatsApp and Snapchat. Cyber Dust deletes… Read More »

Apr 17, 2014 5:00pm

Lowe’s Settles EPA Lead Paint Violations By Its Contractors

WASHINGTON — Home improvement giant Lowe’s Companies Inc. has agreed to pay $500,000 after federal investigators found its home renovation contractors in nine states had violated safety standards for lead paint. The retail chain was also unable to provide documentation proving some contractors employed by… Read More »