Economy
Nov 21, 2014 10:31am

Dow Hits New High

The Dow Jones Industrial Average is trading at new highs today thanks to an interest rates cut by the People’s Bank of China and the suggestion of new stimulus by the European Central Bank. As of 10 a.m., the Dow was up about 162 points…. Read More »

Economy
Nov 21, 2014 9:07am

Markets Get Boost on China Decision, ECB

Morning Money Memo… Markets worldwide are getting a boost this morning after a slew of positive policy news for investors.  China’s central bank cut interest rates overnight for the first time in over two years in an effort to boost slowing growth. European Central Bank… Read More »

Companies
Nov 19, 2014 9:24am

Takata Pressed to Expand Airbag Recall Nationwide

Morning Money Memo… Federal highway safety regulators want to expand the Takata airbag recall to cover the entire country. Five deaths have been linked to exploding air bags. So far, more than 14 million recalls have been issued globally. Until now, the U.S. recalls of… Read More »

Companies
Nov 18, 2014 8:48am

Drugmaker Purchase Part of Wave of Corporate Mergers

Morning Money Memo… Two new takeover deals on Wall Street are just the latest examples of a wave of big corporate mergers. Many large companies recently have gone on a buying spree, taking advantage of soaring stock prices and cheap debt to make takeover bids…. Read More »

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 »