Consumer Report
Nov 17, 2014 8:58am

Halliburton (HAL) Buys Baker Hughes (BHI) to Become Biggest Oilfield Services Company

Morning Money Memo… A merger announced this morning will create the world’s biggest oilfield services company. Halliburton is buying a rival, Baker Hughes, in a cash-and-stock deal worth $34.6 billion. The agreement comes just days after talks between the two firms had stalled and Halliburton… Read More »

Consumer Report
Nov 14, 2014 5:39pm

Stick to a Holiday Budget With These Savings Secrets

With a wife and three young children, including a 5-week-old baby girl, Joel Steinhaus has a mighty long shopping list this holiday season. According to the National Retail Federation, the average US family will spend $804 on gifts this holiday season and the Steinhauses plan… Read More »

Economy
Nov 14, 2014 9:19am

Oil Prices Expected to Keep Falling in 2015

Morning Money Memo…. Oil prices are expected to drop into 2015, the International Energy Agency said in its Oil Market Report this morning. Downward price pressure is expected to continue into the first half of next year, with oil demand falling to five-year lows while… Read More »

Companies
Nov 13, 2014 10:15am

Why Warren Buffett Says Berkshire Hathaway (BRK.A) Bought Duracell from P&G (PG)

Morning Money Memo… Berkshire Hathaway, the firm run by billionaire investor Warren Buffett, is buying the Duracell battery business from Procter & Gamble for nearly $3 billion. “I have always been impressed by Duracell, as a consumer and as a long-term investor in P&G and… Read More »

Companies
Nov 12, 2014 9:17am

Walmart (WMT) Declares a 5-Day Black Friday

Black Friday will last longer at Walmart. The world’s biggest retailer says its best discounts will be offered on TVs, tablets, toys and other goods over a five day period at the end of this month and into early December. “Black Friday is no longer… Read More »

By ABC News

Companies
Nov 7, 2014 7:29pm

Honda Expands Airbag Recall as Frustrated Lawmakers Seek Criminal Probe

As the number of drivers told to immediately replace airbags continued to climb today, members of Congress called for a criminal investigation into Takata Industries, the Japanese manufacturer of the defective airbag parts being recalled, affecting nearly 8 million cars. The push by lawmakers came… Read More »

Economy
Nov 7, 2014 9:12am

214K New Jobs Cut Unemployment Rate to 5.8% for a 6-Year Low

Morning Money Memo: ABC News’ Zunaira Zaki and John Kapetaneas report: The economy created 214,000 jobs in October, slightly lower than economist expectations. There were a couple bits of good news in today’s Labor Department report: August and September numbers were revised to show a… Read More »

Economy
Nov 6, 2014 9:18am

Only Thing Not Flying This Thanksgiving Will Be the Turkey

Morning Money Memo… Markets worldwide are mixed this morning, following a slew of economic and policy decisions out of Europe. The European Central Bank and the Bank of England both announced decisions to hold interest rates steady at current record low levels. European markets are… Read More »

By ABC News

Companies
Nov 4, 2014 6:13pm

2014: Year of the Most Automobile Recalls Ever

A Ford announcement today recalling more than 200,000 of its vehicles for everything from gas leaks to stalling problems helped solidify 2014′s place as the year of the most-ever automobile recalls. Automakers have issued more than 550 recalls for more than 52 million vehicles, according… Read More »

Economy
Nov 3, 2014 10:17am

Hotel Chain Lets You Unlock Room Door With Cellphone

Morning Money Memo… Hotel guests could soon be heading to their rooms without ever seeing the front desk. New programs are helping speed up the check-in process for busy travelers or, in at least one case, letting them go straight to their rooms by using… Read More »