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 22, 2014 6:59pm

Why OJ Is Getting Squeezed From Breakfast Tables

For generations, orange juice has been the staple of a nutritious breakfast but these days, it’s feeling the squeeze. In June, Americans bought less orange juice than they ever have since the Florida Department of Citrus started keeping track in 2002. Orange juice consumption in… Read More »

By ABC News

Jul 22, 2014 9:21am

McDonald’s, Coca-Cola Come Up Short

Morning Money Memo: ABC News’ John Kapetaneas reports: McDonald’s and Coca-Cola both missed analysts estimates this quarter, with McDonald’s posting a 1 percent drop in profits while Coke saw a nearly 3 percent decline in revenues. The fast-food and soda maker stood in contrast with… Read More »

Jul 17, 2014 8:57am

Microsoft to Eliminate 18K Workers as It Absorbs Nokia

Morning Money Memo: Microsoft plans to layoff 14 percent of its workforce in the next year, or 18,000 employees, as it works to integrate the Nokia devices business it bought in April. With the Nokia deal, Microsoft’s employee headcount rose to 127,000 as of last… Read More »

Jul 15, 2014 9:32am

Reynolds’ Lorillard Deal to Reshape Tobacco Industry

Morning Money Memo… Where there’s smoke there’s a merger. Reynolds American says it will buy its smaller rival Lorillard for $27.4 billion. The complicated cash and debt deal will reshape the U.S. tobacco industry with more significant competition for Altria Group, which makes Marlboro, by… 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 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 »