By ABC News

Jun 17, 2014 12:23pm

World’s Rarest Stamp To Have Guard at Tonight’s Auction

A postage stamp described as “the Mona Lisa” and “the Mount Everest” of stamp collecting for the past 100 years could fetch as much as $20 million in an auction tonight at Sotheby’s Auction House in New York. The British Guiana One-Cent Magenta stamp was… Read More »

Jun 17, 2014 8:20am

New GM Recall, More Delays on Repairs

  Morning Money Memo: The safety crisis at General Motors is growing. America’s largest automaker has announced its 44th recall this year, doubling the size of an earlier recall for cars with ignition switch problems. About 3.4 million vehicles are involved this time. The latest… Read More »

Jun 16, 2014 8:28am

Gas Prices Up as Mideast Turmoil Threatens US Economy

  Morning Money Memo: U.S. motorists are already paying more for gasoline as the turmoil spreads in Iraq. Prices may continue to rise in the coming weeks. West Texas Crude reached $107 a barrel this morning on futures markets. Iraq is the world’s second largest… Read More »

By ABC News

Jun 13, 2014 9:23am

Iraq Problems, Gas Headaches?

Morning Money Memo … ABC News’ John Kapetaneas reports: Will the crisis in Iraq spark a crisis at the pump? As ISIS militants topple city after city in northern Iraq, global oil markets are responding with increased volatility. Crude oil prices have risen 4 percent… Read More »

Jun 10, 2014 8:11am

Can Hispanic Shoppers Save JC Penney?

Morning Money Memo… JC Penney is turning to Hispanics to help rescue itself from years of financial problems. After a sharp drop in sales and management upheavals, “the struggling retailer [is] ripping up its marketing playbook once again,” says AdAge. Penney wants to be destination… Read More »

Jun 9, 2014 8:34am

Zap! Pow! Sony Out-Games Nintendo

Morning Money Memo… Game on! For the first time in eight years, Sony (SNE) has overtaken Nintendo in console sales. The PlayStation 4, launched late last year, was the catalyst. Sony sold 18.7 million consoles during the past financial year, according to Nikkei Asian Review…. Read More »

Jun 6, 2014 8:57am

Hiring Pace Remains Strong in May Jobs Report

Morning Money Memo… The jobs market appears to be getting stronger and the US economy may be revving up. Employers hired at a healthy pace in May for a fourth straight month, fueling hopes of accelerating growth after a grim start for the year. The… Read More »

Jun 5, 2014 9:02am

Will Sprint, T-Mobile $32B Merger Raise Mobile Prices?

Morning Money Memo…. Sprint and T-Mobile are close to dialing up a merger, according to reports this morning. A deal between America’s third- and fourth-largest mobile operators would be the latest example of consolidation in the telecommunications industry. A $32 billion merger may be announced… Read More »

By ABC News

Jun 2, 2014 6:30pm

Beware! ‘New’ Packaging May Mean Less Product, Same Price

ABC News’ Rebecca Jarvis and Michael Koenigs report: Before heading for the register, consumer experts are urging customers to take a second look at their items or chance paying the same price for less. Edgar Dworsky of Consumer World said savvy shoppers should always look… Read More »

By ABC News

Jun 2, 2014 10:23am

EA Sports Ready to Pay College Jocks

By John Kapetaneas   Morning Money Memo… Could college athletes have a pay-day in their future? Video game maker EA Sports reached a $40 million settlement with college football and basketball players, ESPN.com reports. The case involves the use of players’ likeness in various medium,… Read More »