Companies
Jan 20, 2015 10:30am

Amazon (AMZN) Movie Plans Shake Up Hollywood

It’s all about the future. So let’s look ahead. Amazon Plans Movies Amazon Studios is branching out from the small screen to big screen, announcing plans to begin producing and acquiring original movies for theatrical release and, within weeks, video streaming. The online giant says… Read More »

By Jeanette Torres

Consumer Report
Jan 15, 2015 4:16pm

Ikea Recalls 169,000 Crib Mattresses Over Entrapment Risk

Ikea is recalling about 169,000 crib mattresses in the U.S. over an entrapment hazard. According to the U.S. Consumer Product Safety Commission (CPSC), the recall involves Ikea’s Vyssa-style crib mattresses with the model names Vackert, Vinka, Spelevink, Sloa and Slummer. The mattresses were sold at… Read More »

Economy
Jan 15, 2015 9:48am

Markets Weak After Banks Flop

U.S markets are looking at a weaker opening on Wall Street, following a fourth straight day of losses Wednesday. Futures are lower this morning following negative earnings reports from banking giants Citigroup and Bank of America, while volatility in the markets continued to rise for… Read More »

Economy
Jan 13, 2015 3:08pm

Oil Prices Tank to 6-Year Low

Oil prices are tanking again today to lows not seen since the depths of the ’08-’09 recession. A barrel of West Texas Intermediate (WTI), or light, sweet crude oil, fell 1.5 percent to $45.33. The national average for a gallon of gas has fallen to $2.12,… Read More »

Companies
Jan 13, 2015 10:14am

When a Penny Is Worth $2.5 Million

Monday Morning Memo: You may want to pinch those pennies, literally! You never know when you might get lucky and land a 1792 Birch penny, valued at a whopping $2.5 million. A California-based coin collector reportedly spent the paltry sum on the celebrated coin, of… Read More »

Consumer Report Economy
Jan 12, 2015 8:28pm

Gas Prices Fall Again, With No Floor in Sight

The average price of a gallon of regular fell to $2.14, down 8 cents from a week ago and $1.19 less compared with a year ago, according to the Department of Energy. This is the lowest weekly average gas price since May 2009 — the… Read More »

Companies
Jan 7, 2015 8:44am

Keurig Brews Deal With Dr. Pepper Snapple

Morning Money Memo… If you like single-shot coffee pods, are you ready for home-made soda drinks?  Keurig Green Mountain has struck a deal with Dr. Pepper Snapple to make single-serve capsules for use in its soon-to-be released cold beverage system. The companies aren’t saying much… Read More »

Companies
Jan 6, 2015 10:28am

Petco Clears Its Shelves of Treats From China

Morning Money Memo… Some treats might bring nothing but misery. The pet food and accessory chain Petco has removed Chinese-made dog and cat treats from store shelves because of concerns they have sickened thousands of pets and killed 1,000 dogs in the U.S. since 2007…. Read More »

Economy
Jan 5, 2015 9:30am

Greek Drama Has Euro Market Watchers on Edge of Their Seats

Morning Money Memo… Europe’s wobbly finances are once again a worry for global financial markets, showing that you never can tell where the next surprise for the stock market might come from.  Germany’s Chancellor Angela Merkel has delivered a stern warning to Greece, saying her… Read More »

Economy
Jan 1, 2015 7:57am

Snapchat Ends Year to Celebrate 10 Billion Ways After Facebook Rejection

  Morning Money Memo: Snapchat is ringing in the New Year in a big way. The mobile messaging service raised $486 million in a latest round of funding, according to an SEC filling Wednesday, which could push the company’s valuation upwards of $10 billion. Snapchat famously… Read More »