Consumer Report
Aug 6, 2014 9:02am

Walgreen (WAG) Abandons Plan to Move Overseas

Great expectations … no more. Plans for three big business deals have been shelved. The Walgreen Company plans to keep its roots firmly planted in the United States, saying it will no longer pursue an overseas reorganization – a politically touchy move that would have… Read More »

Companies Consumer Report
Aug 5, 2014 9:10am

Now It’s Subprime Auto Loans Under Scrutiny

Morning Money Memo: Federal prosecutors are looking into the booming business of subprime auto loans. The investigation raises questions about whether GM and other firms have been selling questionable auto-loan investments to investors. The recent rise in auto sales has been fueled largely by consumer… Read More »

Companies
Aug 4, 2014 8:24am

Best and Worst of Times for GM

Morning Money Memo… These are tough times, yet also really good times for General Motors. As the company’s image takes a nasty hit from the uproar over the delayed recall of cars with faulty ignition switches, sales are soaring. GM sold more than 250,000 vehicles… Read More »

By ABC News

Economy
Aug 1, 2014 9:30am

Unemployment Rate Creeps Up Amid Possible Silver Lining

Morning Money Memo… ABC News’ Richard Davies and John Kapetaneas report: For the sixth straight month, U.S. employers added more than 200,000 new jobs. The July employment report from The Labor Department was slightly weaker than expected, but new job totals for both May and… Read More »

Companies Consumer Report
Jul 31, 2014 8:06am

Tesla (TSLA) ‘Gigafactory’ May Expand Electric Car Market

Morning Money Memo… Electric-car maker Tesla Motors and Panasonic, the Japanese-owned electronics firm, have signed an agreement for a giant battery “gigafactory” in the US.  The manufacturing facility would help Tesla become a mass manufacturer of electric cars. Tesla will manage the battery factory and… Read More »

Companies
Jul 30, 2014 9:09am

Longer Battery Life for Smartphones?

(Brent Lewin/Getty Images) Morning Money Memo… Research at Stanford University could lead to an answer for the biggest complaint from consumers about their smartphones: short battery life. In a paper published in the Nature Nanotechnology, researchers said they’ve designed a lithium-metal anode that boosts the… Read More »

Companies
Jul 29, 2014 8:12am

Southwest Airlines (LUV) Has 30 Days to Answer Fine

Morning Business Memo: Southwest Airlines has 30 days to respond to a proposed $12 million civil fine by The Federal Aviation Administration. The penalty is for repair violations on some of Southwest’s Boeing 737 jets. Regulators say starting in 2006 Southwest made major alterations to… Read More »

Companies
Jul 28, 2014 8:55am

Dollar Tree (DLTR) Buying Family Dollar (FDO)

Morning Money Memo… It’s merger Monday and today’s big deal is in the retail industry. Dollar Tree is buying rival discount store Family Dollar for about $8.5 billion. Among the big winners is billionaire investor Carl Icahn, who announced last month that he had purchased… Read More »

By ABC News

Companies Consumer Report
Jul 25, 2014 9:37am

Yes, That Lay’s Bag Has Fewer Chips, PepsiCo Says

    Morning Money Memo: ABC News’ John Kapetaneas reports: I knew my snack bag felt lighter! PepsiCo’s signature flavored potato chips are packing “an ounce or two” fewer pieces than the regular Lay’s chips, company CEO Hugh Johnston told The Associated Press. That might… Read More »

By ABC News

Companies
Jul 24, 2014 9:27am

Profits Plunge at General Motors

Morning Money Memo … ABC News’ John Kapetaneas reports: It’s a difficult day for General Motors, as the auto giant posted an 80 percent drop in 2nd quarter profits from this time last year. The company had previously announced it will pay $400 million to… Read More »