Consumer Report
Oct 2, 2014 8:45am

Subprime Auto Loans Help Fuel Auto Sales Boom

Morning Money Memo… Auto sales are booming with a strong pick-up in demand for light trucks and SUVs. “September was another strong month,” said Karl Brauer, senior analyst at Kelley Blue Book. “The market continues to embrace trucks and SUVs at every price point, with… Read More »

By ABC News

Companies
Oct 1, 2014 6:16pm

Macy’s Tops List of Retailers Hiring for the Holidays

Today marks 84 days till Christmas and some retailers are handing out early presents for those looking to pick up part-time work (and some much-needed extra cash.) Seven of the US largest retailers are expected to hire a record number of employees this holiday season… Read More »

Consumer Report
Oct 1, 2014 9:08am

Plastic Bag Makers Fight California’s Ban

Morning Money Memo … Plastic bag makers want voters to throw out California’s new ban on disposable bags. Gov. Jerry Brown signed the bill into law, driven to action by pollution and waste on beaches, streets and in parks. “We’re the first to ban these… Read More »

Companies
Sep 30, 2014 9:20am

EBay (EBAY) to Spin Off PayPal Into Separate Business

Morning Money Memo… PayPal is splitting from eBay and will become a separate and publicly traded company next year. The corporate breakup is expected to be completed in the second half of 2015. An EBay announcement today said its board decided that the separation was… Read More »

Companies Consumer Report
Sep 29, 2014 9:24am

The Rich Get Even Richer on Forbes 400 List

  Morning Money Memo: Bill Gates is the wealthiest person in America for the 21st straight year, says Forbes magazine. Gates is worth $81 billion, up $9 billion. According to the latest Forbes 400 rankings, the average net worth of each member is $5.7 billion,… Read More »

Consumer Report
Sep 25, 2014 9:29am

Commercial Drones Take Off in US, Europe

Morning Money Memo… Commercial drone flights may get a lift from the FAA. Federal regulators are expected to allow seven TV and movie production companies to use drones for filming on sets. Until now, the FAA has banned the use of commercial drones. But two… Read More »

By ABC News

Companies Consumer Report
Sep 24, 2014 5:48pm

In Wake of Home Depot Breach, Report Says 43% of Companies Are Victims

The effects of the Home Depot data breach continued to ripple across the U.S. today as customers reported being hit with thousands of dollars in fraudulent charges, and a food chain announced that it too had suffered a security breach. Home Depot Says 56M Credit… Read More »

Companies
Sep 24, 2014 9:10am

WalMart (WMT) Wants to Be Your Low-Cost Bank

  WalMart is giving its customers another reason to come into its stores: banking. The world’s biggest retailer is launching a mobile checking account for its customers that will eliminate some of the fees charged by banks. “Walmart customers want easier ways to manage their… Read More »

Companies Consumer Report
Sep 23, 2014 8:53am

Treasury Department’s Tax Crackdown Sparks Political Fight

Morning Money Memo: The Treasury Department has announced a sweeping crackdown on tax inversions, the practice in which U.S. companies use mergers and takeovers of foreign firms to move their headquarters overseas to avoid paying U.S. taxes. Treasury Secretary Jack Lew says the new steps… Read More »

By ABC News

Consumer Report
Sep 22, 2014 5:26pm

Think Twice Before You Buy That Extended Warranty

What if you paid hundreds of dollars to buy an extended warranty on your kitchen appliances only to find out a critical piece wasn’t covered? That’s exactly what the Hoftiezer family said happened to them. With their appliances a few years old, David Hoftiezer of… Read More »