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ABC News: Business 

World Works Overtime for Royal Baby

Being breast-fed by a princess can't be bad. But for the Royal Baby, that's just the beginning. Beyond that, as he or she coos and wiggles, lies a cornucopia of delight: bespoke teddy bears, the imperial rattle, a Spode sippy cup, and wee slippers emblazoned with the Union Jack. Asks the world looking on: Why can't my own darling have those slippers? Well, now he can. Sign The Royal Baby Guestbook

Fed Votes to Maintain Stimulus Program

The Federal Reserve announced today that it won't be changing its bond purchasing stimulus program and labor market conditions have improved in recent months, but it is keeping its target interest rate low while unemployment remains above 6.5 percent.

Watch: Men's Wearhouse Founder: 'Silenced' by Company

George Zimmer releases statement following his termination as executive chairman.

Ousted Men's Wearhouse Founder Says He Was 'Silenced'

Retailer Men's Wearhouse announced that it "terminated" founder and executive chairman George Zimmer.

GM Passes Toyota for First Time in Survey

General Motors passed Toyota Motor Corp. to lead J.D. Power & Associates’ Initial Quality Study for the first time since the survey started 27 years ago. J.D. Power’s survey of new vehicles was redesigned for 2013 to measure the quality and problems related to new...

Prisoner's $1T Lawsuit Over Belly Ache

A convict in an Arizona prison won’t quit his belly aching unless he’s paid $1 trillion – literally. Dale Frank Maisano, 61, an inmate at the Arizona State Prison Complex in Tucson, is suing the company that runs the prison’s commissary for $1 trillion, claiming...

Gay Couples Face Rental Bias, HUD Says

Same-sex couples face greater discrimination when looking for a place to rent than do heterosexual couples, a new federal study finds. "An Estimate of Housing Discrimination Against Same-Sex Couples," released this week by the U.S. Department of Housing and Urban Development (HUD), is the first analysis of its kind, according to the agency. According to the study, not only are same-sex couples dis

Best, Worst Toilet Papers Named

Consumer Reports revisited its toilet paper ratings.

Wash. Man Wins Lottery Twice in One Day

If Cary Collings of Puyallup, Wash., won two separate lottery jackpots last week over just 24 hours, according to the Washington Lottery. 84-Year-Old Woman Wins Record Powerball Jackpot Collings, 61, hit his first jackpot on June 13 after buying a few “Red Hot 5′s” scratch...

Watch: Olympian Lolo Jones Complains About Bobsledding Pay

The 30-year-old says she didn't want to make anyone angry with her posted video.

'I Guarantee It': Men's Wearhouse Ousts Founder

Men's Wearhouse fires chairman who told millions 'You're going to like the way you look'

Olympian Lolo Jones' Paycheck Flap

American Olympic hurdler Lolo Jones said she wanted to show how hard bobsled athletes work when she posted a six-second clip about her paycheck on social video sharing site Vine. In the video, Jones, 30, shows her paycheck of $741.84 from her season with the USA...

Big Boost for GM and Ford in China

Morning Business Memo… Both Ford and General Motors are revving up production in China – now the world’s largest car market. GM has started work on a new Cadillac factory as it targets China’s lucrative luxury segment. The carmaker says it hopes to triple Cadillac...

6 Ways to Save Money This Month

We all want to save more money. After all, none of us like the feeling of looking at our bank account (or under our mattress) and realizing that we have no money left and our next paycheck is still a week away. By saving a few dollars here and there, we can get some breathing room in our monthly budgets and hopefully start saving up for future expenses, as well.

Photos: Rare Painting Sold for $21M

A rare Expressionist painting by Wassily Kandinsky, "Studie zu Improvisation 3, 1909", was auctioned for $21,157,438 or £13,501,875, on June 18 in London by Christie's. It was the most expensive item sold of 44 lots in the "Impressionist and Modern Art Evening Sale". It belongs to Kandinsky's "revolutionary series of paintings, started earlier that year, known as 'Improvisations', which mark his f

Photos: 'Disney Estate' on Sale for $90M

The Carolwood Estate, nicknamed the Disney estate, in Los Angeles is on sale for $90 million. The property once belonged to Walt Disney, founder of the Walt Disney Company, ABC News' parent. Investor and billionaire Gabriel Brener, co-owner of the Houston Dynamo soccer team, bought the animator's old barn on Carolwood Drive from the estate of Disney's widow in 1998, tore it down and annexed the ne

Jeep: No Recall, But New Trailer Hitches

Chrysler said today that due to customers’ “raised concerns” it would add or replace trailer hitches on some older model Jeeps now at the center of a safety debate between the automaker and the U.S. government. Mike Palese, a Chrysler spokesman, told ABC News today...

Facebook Friends Welcome at Bar; Others, Maybe Not

Facebook users in or around the Stockton, Calif., area may be getting a new friend. A local business owner has made it his mission to friend every bar patron as a precautionary measure to keep the good patrons in and the bad ones out. Finnegan’s...

Best Employers for Workers Over 50

The National Institutes of Health tops this year's list of the best employers for baby boomers, according to the American Association of Retired Persons.

Pre-Paid Funeral Service Was a 'Ponzi-Like Scheme'

An alleged former office in a pre-paid funeral "scheme" that may have bilked 150,000 people out of $600 million pled guilty in being involved in the sale of prearranged funeral contracts and the misappropriation of insurance premiums intended for them.

Ingenious New Business Model for Airport Car Rentals

Said three teenagers to themselves last year: "Yeah, sure, we could go to college. But wouldn't it be more fun to up-end the airport rental car business?" They opted for the latter.

Watch: Is Fed Chair Ben Bernanke Leaving?

Jeff Macke analyzes the morning business headlines.

Watch: California Pub Asks for Facebook Friendship

Finnegan's Irish Pub use social networking to create a guest list for VIP seating.

Photos: Jagger's Hair Worth $3,100?

A lock of hair of rocker Mick Jagger will be auctioned for the U.K. charity, Changing Faces, which supports people with disfigurements. The lock of hair is estimated to be worth £1,500 to £2,000, or about $2,300 to $3,100. Cut in the 1960s, the hair was saved by an old girlfriend's grandmother. "The statement from Chrissie Shrimpton confirms that, unbeknown to her at the time, this lock was saved

Expensive Cars May Save You Money

Cars are about to get more expensive. And it's going to save you money. Yes, it sounds loony, but I believe it, because Consumer Reports says so.

Chrysler Not Budging on SUV Safety Showdown

Morning Business Memo: In one of the biggest-ever showdowns between an automaker and government regulators, Chrysler today is set to file papers explaining its refusal to recall 2.7 million older Jeep SUVs that are at risk of catching fire in rear-end collisions. The government says...

Fed Sends Stimulus Junkies to Rehab

One of the main reasons for the soaring stock market is the current low cost of capital for public companies. This cost is far lower than it otherwise would be because of a program undertaken by the Federal Reserve Board (the Fed) that goes by the nerdy name, quantitative easing, or, for short, QE.

Photos: Ellen Lists Calif. Penthouse

Ellen DeGeneres and Portia de Rossi listed their penthouse in the prestigious Somerset building in Beverly Hills, Calif. for $899,000. According to property records, DeGeneres bought the home three years ago for $835,000. The corner penthouse measures 1,683-square feet. Both of the two bedrooms are en-suite with full closets.

Judge: Sex Tapes Violated Waffle House Chairman's Privacy

A former housekeeper violated the Waffle House chairman's privacy by recording sex tapes of the two in an attempt to prove that he allegedly demanded sex acts from her, a Georgia judge ruled.

Joan Jett Sues Teen Punk Retailer

Rocker Joan Jett's label, Blackheart Records Group, is suing teen retailer Hot Topic, for trademark infringement over the store's Blackheart Clothing Company brand.


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