Sep 29, 2014 9:24am

The Rich Get Even Richer on Forbes 400 List

  Morning Money Memo: Bill Gates is the wealthiest person in America for the 21st straight year, says Forbes magazine. Gates is worth $81 billion, up $9 billion. According to the latest Forbes 400 rankings, the average net worth of each member is $5.7 billion,… Read More »

Sep 25, 2014 9:29am

Commercial Drones Take Off in US, Europe

Morning Money Memo… Commercial drone flights may get a lift from the FAA. Federal regulators are expected to allow seven TV and movie production companies to use drones for filming on sets. Until now, the FAA has banned the use of commercial drones. But two… Read More »

By ABC News

Sep 24, 2014 5:48pm

In Wake of Home Depot Breach, Report Says 43% of Companies Are Victims

The effects of the Home Depot data breach continued to ripple across the U.S. today as customers reported being hit with thousands of dollars in fraudulent charges, and a food chain announced that it too had suffered a security breach. Home Depot Says 56M Credit… Read More »

Sep 23, 2014 8:53am

Treasury Department’s Tax Crackdown Sparks Political Fight

Morning Money Memo: The Treasury Department has announced a sweeping crackdown on tax inversions, the practice in which U.S. companies use mergers and takeovers of foreign firms to move their headquarters overseas to avoid paying U.S. taxes. Treasury Secretary Jack Lew says the new steps… Read More »

By ABC News

Sep 22, 2014 5:26pm

Think Twice Before You Buy That Extended Warranty

What if you paid hundreds of dollars to buy an extended warranty on your kitchen appliances only to find out a critical piece wasn’t covered? That’s exactly what the Hoftiezer family said happened to them. With their appliances a few years old, David Hoftiezer of… Read More »

By ABC News

Sep 19, 2014 9:30am

Historic Alibaba IPO Not for Everyone

ABC News’ John Kapetaneas reports: Morning Money Memo All eyes will be on Alibaba’s big opening day on the market this morning. The Chinese e-commerce giant is expected to raise $21.88 billion during its IPO, making it the largest public offering in history, valuing the… Read More »

Sep 18, 2014 9:04am

Apple (AAPL) IOS 8 to Keep Data Private, Even From Police

Morning Money Memo… Apple is taking a tough new line on the security of its mobile devices, saying its new iOS 8 operating system will keep data private, even from police. The engineering of the new system, says Apple, makes it impossible for the company… Read More »

Sep 16, 2014 9:30am

Alibaba IPO Poised to Make History

  Morning Money Memo: Alibaba’s first public stock sale hasn’t happened yet, but already it’s a big deal for global financial markets. The hugely successful Chinese e-commerce company now plans to raise as much as $25 billion in its stock offering later this week, making… Read More »

Sep 15, 2014 9:15am

KFC-Owner Yum Brands (YUM) Tries Saigon Street Food

    Morning Money Memo: Is America ready for Saigon street food? Yum Brands – the owners of Taco Bell, Pizza Hut and KFC – is betting that many people will like the taste of banh mi sandwiches, Asian salads and wok-fried food. Yum opened… Read More »

Sep 11, 2014 9:05am

Why Falling Gas Prices Have Further to Go

Morning Money Memo… There’s good news about the cost of energy: It’s getting cheaper. The cost of oil has been falling for weeks on global markets. West Texas crude is now just under $91 a barrel. The International Energy Agency has again cut its oil… Read More »