Companies
Oct 24, 2014 8:34am

Amazon on Defensive After Hefty Quarterly Loss

Morning Money Memo… Amazon will be on the defensive this morning, as the web giant takes a hit from investors after posting its largest quarterly loss in 14 years. Amazon stock is down more than 10 percent in pre-market trading, after a third quarter earnings… Read More »

By ABC News

Consumer Report
Oct 23, 2014 9:08pm

Feds Probe Maker of Faulty Airbag Parts

Takata Industries, the maker of the defective airbag parts being recalled. affecting nearly 8 million cars, is now the subject of a preliminary criminal investigation by federal prosecutors in New York. The problem with the airbags — made at plants in Washington state and Mexico… Read More »

By ABC News

Consumer Report
Oct 23, 2014 5:27pm

3 Ways Your Smartphone Can Help You Get Out of Debt

Thomas and Megan Sneed’s daughter, Nora, is growing fast but so are their bills. “We’re like a lot of people. We graduated with college debt, we put our honeymoon on our credit card and then a year after being married, we had a baby,” Thomas… Read More »

Economy
Oct 22, 2014 8:24am

Morning Money Memo… New Mortgage Lending Rules

A change in federal rules on mortgage loans could soon give a lift to the housing market. Regulators have agreed to drop a proposed requirement that borrowers make a 20% down payment to qualify for a low-interest, high-quality mortgage. Freddie Mac and Fannie Mae are… Read More »

Companies Consumer Report
Oct 21, 2014 10:15am

Big Blues for Big Blue (IBM)

Morning Money Memo: Big blues at Big Blue. After reporting disappointing sales and earnings, some painful choices are ahead for the once-invincible IBM. Its new quarterly report led to a 7 percent drop for IBM’s share price Monday, plus a smaller decline overnight. CEO Virginia… Read More »

Companies Consumer Report
Oct 20, 2014 9:44am

Apple Pay (AAPL) Aims to Shut Your Wallet, for Good

Morning Money Memo: Starting today, Apple Pay will enable millions of consumers to use their smartphones instead of credit cards to pay for stuff. Apple Pay will work at some retailers only with the iPhone 6 and 6 Plus. Visa, Mastercard, American Express and hundreds… Read More »

By ABC News

Companies Consumer Report
Oct 17, 2014 8:15am

Market Seems High on Apple’s (AAPL) Newest Offerings

Morning Money Memo ABC News’ John Kapetaneas reports: Just one month after the launch of the iPhone 6, Apple is once again turning heads with its new product and software development. Apple announced Thursday it will officially launch Apple Pay,” the company’s new mobile payment… Read More »

By ABC News

Consumer Report
Oct 16, 2014 6:47pm

Peter Pan Peanut Butter Source of Georgia Pride for Farmers

Sixth-generation peanut farmer John Harrell has been harvesting peanuts for almost 45 years in southwest Georgia. Harrell, 59, is one of 4,500 peanut farmers from whom Peter Pan peanut butter sources its product. From Harrell’s 100-acre Whigham, Georgia, farm, the peanuts are sold to a… Read More »

Companies Consumer Report
Oct 16, 2014 8:48am

Global Stock Market Sell-Off Intensifies

Morning Money Memo… The stock market’s global sell-off shows no sign of ending today. European indexes suffered heavy declines in trading this monring. But is the investor panic overdone? “US financial markets are massively over-weighting the importance of the Eurozone slowdown to U.S. growth,” says… Read More »

Companies Consumer Report
Oct 15, 2014 8:27am

Cheaper Gas May Mean More Holiday Spending at Stores

  Morning Money Memo: The average U.S. family is saving $50 a month on cheaper gas prices, according to Tom Kloza, senior oil analyst at gasbuddy.com. Average pump costs have dropped 15 percent since June, and more price cuts are in the pipeline. The global… Read More »