By ABC News

Companies Consumer Report
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 »

Companies Consumer Report
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 »

Companies
Jul 9, 2014 7:57am

Honda’s Air Bag Recall Gets Bigger

Morning Money Memo… Another massive auto industry safety recall just got bigger. Honda, one of eight manufacturers affected by problems with a supplier’s air bags, is expanding its recall by as many as one million more autos in California. The air bags made by the… Read More »

Companies Consumer Report
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 »

Companies Consumer Report
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 »

Economy
Jul 3, 2014 9:17am

June Unemployment Rate Drops

Morning Money Memo… The jobs market is heating up with a stronger than expected June employment report today from the Labor Department. The U.S. economy added 288,000 jobs and the unemployment rate dropped from 6.3 percent to 6.1 percent. June was the fifth month in… Read More »

Companies Consumer Report
Jul 2, 2014 8:48am

Goldman Sachs ‘Boys Club’ Condemned in Discrimination Lawsuit

Morning Money Memo: The big investment bank Goldman Sachs has been slapped with a gender-discrimination lawsuit and accused of fostering a “boys club atmosphere.” Visits to strip clubs and a work environment that was generally hostile to women are among the claims being made by… Read More »

Companies
Jul 1, 2014 8:32am

GM Recalls Outnumber Six Years of Sales

Morning Money Memo… The numbers are staggering. In the first six months of this year General Motors announced the recall of more than 29 million cars. That’s the largest number of recalls ever in one year by a single auto manufacturer. So far GM’s new… Read More »

Consumer Report
Jun 30, 2014 9:05am

GM Could Make Huge Payments to Crash Victims

  Morning Money Memo: General Motors today plans to announce its compensation plan, paying victims of crashes caused by bad ignition switches. CEO Mary Barra has said there won’t be any cap on payments. The decision on how much to pay claimants is being made… Read More »

Consumer Report
Jun 26, 2014 8:39am

GM Puts the Brakes on Cruze, Its Most Popular Car

Morning Money Memo: General Motors is telling dealers to stop selling all models of its bestselling 2013 and 2014 Chevrolet Cruze sedan because of an air bag problem. “We are working diligently with the supplier to identify the parts in the affected vehicles so we… Read More »