Money Minute: Overcharged Concertgoers Finally Get a Refund


You may be eligible for money back on concert tickets you bought 15 years ago.

Ticketmaster has tentatively agreed to settle a class-action lawsuit that could give small refunds to as many as 50 million people who bought tickets on the company's website. The long-running dispute is over what the company called "order processing fees" -- but plaintiffs allege the company pocketed some of that money. They say it didn't go to pay for delivery or other costs. But don't expect to get rich over this settlement. Most people will get $2.25 in credit for each ticket bought between October of 1999 and February of last year.

The United Auto Workers Union is meeting this week and one of the big items on the agenda is a dues increase. If approved, it would be the first time the union has raised its dues in 47 years. The union says it needs the money to replenish its strike fund, as UAW membership has tumbled by 40 percent from a decade ago. The union will also elect a new president this week.

Have you finalized your plans for a summer road trip? Well, you can cross gasoline prices off of the list of things to worry about. AAA says prices at the pump this summer will mirror what they were last year, ranging from $3.55 a gallon to $3.70 -- depending upon regional differences and other factors. AAA says the current average is $3.67 for a gallon of regular.

The Dow Jones industrial average (^DJI) and the S&P 500 both edged further into record territory on Monday. The Dow rose 26 points and the Standard & Poor's 500 index (^GPSC) added a point, but the Nasdaq composite (^IXIC) lost 5.

Finally, the heated gun control debate focuses mostly on big guns with big ammunition clips. But CNNMoney reports sales of small, easily concealable handguns are soaring. Colt Manufacturing reported a twelvefold increase in sales of small handguns last year, many of them bought by people who have never owned a gun before, especially women who are interested in personal security.

-Produced by Drew Trachtenberg.

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Reduce our nations dependence on petroleum fuel. Require all Liberal's to use the party mascot for all transportation needs.

June 03 2014 at 4:27 PM Report abuse rate up rate down Reply
chuck wilson

Gas prices in central Indiana for regular average from $4 to $3.76, higher than in Ill, Wisc, Mn, Ohio, Pa. and Maryland-why? And premium is now 30cents or more higher than regular, up from being 20 cents higher a few weeks ago. Indiana roards are in terrible shape as our higher gas taxes are being used to pay for I69 so the Mexicans can drive to Canada faster. The Attorney General is supposed to help control the gas prices, but it seems the AG isn't working very hard for us..... Chuck Wilson-INDY

June 03 2014 at 3:41 PM Report abuse rate up rate down Reply
Welcome, Gary!

Fort Wayne, IN went up to $3.99 this past week.

June 03 2014 at 12:42 PM Report abuse rate up rate down Reply

Gas in Akron OH is $3.87 to $3.99. AAA should give up these ridiculous predictions.
I look for it to go back to $3.99 through June if the commodity market chart is any indication.

June 03 2014 at 11:20 AM Report abuse rate up rate down Reply

Gas at 3.55 - 3.70? Is that supposed to be a good thing? Ha Ha

June 03 2014 at 10:04 AM Report abuse +1 rate up rate down Reply

AAA is out to lunch as usual, gas in Detroit is over $4.00 a gallon.

June 03 2014 at 9:35 AM Report abuse +1 rate up rate down Reply

Except in Flint Michigan $3.95 a gallon.

June 03 2014 at 9:13 AM Report abuse +1 rate up rate down Reply