Consumer Report
Jun 18, 2014 8:31am

Is Creating 3D Smart Phone a Good Move for Amazon?

Morning Money Memo… Is a 3D smart phone a dumb move for Amazon? That’s what many industry analysts are wondering about today’s expected announcement of a brand new market for the world’s biggest online retailer. Amazon has declined to comment, but it’s widely reported to… Read More »

Consumer Report
Jun 17, 2014 3:45pm

Starbucks CEO Howard Schultz Shares His Surprising Guilty Pleasure

It’s a historic week for Starbucks. Chairman and CEO Howard Schultz announced a new program to benefit 135,000 baristas. The Seattle-based corporation is teaming up with Arizona State University to offer the Starbucks College Achievement Plan, which pays for full- and part-time employees to go… Read More »

By ABC News

Consumer Report
Jun 17, 2014 12:23pm

World’s Rarest Stamp To Have Guard at Tonight’s Auction

A postage stamp described as “the Mona Lisa” and “the Mount Everest” of stamp collecting for the past 100 years could fetch as much as $20 million in an auction tonight at Sotheby’s Auction House in New York. The British Guiana One-Cent Magenta stamp was… Read More »

Consumer Report
Jun 17, 2014 8:20am

New GM Recall, More Delays on Repairs

  Morning Money Memo: The safety crisis at General Motors is growing. America’s largest automaker has announced its 44th recall this year, doubling the size of an earlier recall for cars with ignition switch problems. About 3.4 million vehicles are involved this time. The latest… Read More »

Consumer Report
Jun 16, 2014 8:28am

Gas Prices Up as Mideast Turmoil Threatens US Economy

  Morning Money Memo: U.S. motorists are already paying more for gasoline as the turmoil spreads in Iraq. Prices may continue to rise in the coming weeks. West Texas Crude reached $107 a barrel this morning on futures markets. Iraq is the world’s second largest… Read More »

By ABC News

Consumer Report
Jun 13, 2014 9:23am

Iraq Problems, Gas Headaches?

Morning Money Memo … ABC News’ John Kapetaneas reports: Will the crisis in Iraq spark a crisis at the pump? As ISIS militants topple city after city in northern Iraq, global oil markets are responding with increased volatility. Crude oil prices have risen 4 percent… Read More »

Companies
Jun 12, 2014 9:09am

GM Trying to Shield Liability in Crash Cases?

Morning Money Memo… Lawyers for a Georgia family trying to reopen a wrongful death lawsuit against General Motors say the company is trying to move the case to federal court so it can use bankruptcy as a shield from the claim. The attorneys say GM’s… Read More »

Companies
Jun 11, 2014 9:09am

Another Big Data Breach? PF Chang’s May Be Hit

Morning Money Memo… If you ate a meal recently at P.F. Chang’s and paid for it with a credit or debit card, your personal data might be compromised. The nationwide chain says it’s not able to confirm a breach, but has been in communication with… Read More »

Consumer Report
Jun 10, 2014 8:11am

Can Hispanic Shoppers Save JC Penney?

Morning Money Memo… JC Penney is turning to Hispanics to help rescue itself from years of financial problems. After a sharp drop in sales and management upheavals, “the struggling retailer [is] ripping up its marketing playbook once again,” says AdAge. Penney wants to be destination… Read More »

Consumer Report
Jun 9, 2014 8:34am

Zap! Pow! Sony Out-Games Nintendo

Morning Money Memo… Game on! For the first time in eight years, Sony (SNE) has overtaken Nintendo in console sales. The PlayStation 4, launched late last year, was the catalyst. Sony sold 18.7 million consoles during the past financial year, according to Nikkei Asian Review…. Read More »