Tesla's new battery teammate: Panasonic

A rendering of Tesla's planned Gigafactory. NEW YORK (CNNMoney) The companies announced Thursday that Panasonic (PCRFF) will contribute an undisclosed sum to a proposed "Gigafactory," the location of which has yet to be announced. Panasonic will...

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Another food scandal? KFC just cannot win

HONG KONG (CNNMoney) Parent company Yum! Brands (YUM) warned Thursday that global profits could suffer this year as sales in China tumble following revelations that one of its suppliers was using tainted and expired meat. Yum immediately cut...

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Target taps Wal-Mart veteran to lead comeback

Brian Cornell left his CEO job at PepsiCo to take the top job at Target. NEW YORK (CNNMoney) Brian Cornell has been named by Target (TGT)as its CEO, effective Aug. 12. Cornell, who's 55, is coming directly from PepsiCo (PEP), where he oversaw...

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Meat scandal takes a bite out of McDonald's sales in Japan

HONG KONG (CNNMoney) The fast food chain's Japanese unit said Tuesday that it will fall short of profit and sales targets for the year, after a longtime meat supplier was shut down last week by authorities for unsanitary practices. As meat from...

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Chevy Volt is insurance group's Top Safety Pick

NEW YORK (CNNMoney) That's why General Motors' (GM) Chevy Volt won top marks for safety in small cars. The Volt was named "Top Safety Pick Plus" Wednesday by the Insurance Institute for Highway Safety, because besides earning an "acceptable" rating...

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Stocks: 5 things to know before the open

Click on chart to track premarkets LONDON (CNNMoney) Wall Street is waiting on key economic data releases Wednesday and the numbers could have a major impact on trading trends. U.S. stock futures were making modest moves higher ahead of the...

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Stocks: 5 things to know before the open

Click on chart to track premarkets LONDON (CNNMoney) Here are the five things you need to know before the opening bell rings in New York: 1. U.S. earnings: Major companies including UPS (UPS) were slated to report earnings before the opening...

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Microsoft faces China antitrust probe

HONG KONG (CNNMoney) Authorities say they're investigating the company for possible violation of China's anti-trust laws. China's State Administration of Industry and Commerce visited Microsoft offices in Beijing, Shanghai, Guangzhou and Chengdu...

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Delta to offer free entertainment on U.S. flights

Delta is going to stop charging passengers for in-flight entertainment. NEW YORK (CNNMoney) But Delta Air Lines (DAL) says it will offer free movies, TV shows, music and video games on all U.S. flights of 90 minutes or more, starting Friday....

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China will soon be the world's top business travel market

Per capita business travel spending in China still under $200 -- far less than the $800 U.S. average. HONG KONG (CNNMoney) Business travel spending in China hit $225 billion last year -- or 23% of the $1.1 trillion global total. That's second...

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Stocks: 4 things to know before the open

Click on chart to track premarkets HONG KONG (CNNMoney) Here are the four things you need to know before the opening bell rings in New York: U.S. stock futures were practically flat as investors showed little interest in getting their feet...

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Dollar stores joining forces

Family Dollar is being acquired by dollar-store rival Dollar Tree for $8.5 billion. NEW YORK (CNNMoney) Dollar Tree (DLTR) is buying its larger rival for $74.50 a share in cash and stock, 23% more than Family Dollar's closing price on Friday,...

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Would-be giant in online house hunting has brokers scared

NEW YORK (CNNMoney) The rumored deal -- the companies won't confirm it -- sent the companies' stocks soaring Friday as the chatter gathered steam. The companies don't charge for publishing these listings of homes for sale, but they do charge...

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Math nerds are taking over Wall Street

Quant trader Elie Galam at the Panorama Partners' New York City office. He is not a Wolf of Wall Street. NEW YORK (CNNMoney) But guess what? They are rapidly being replaced by "quants" -- soft-spoken super nerds armed with high-tech software...

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BuzzFeed fires viral politics editor for plagiarizing

NEW YORK (CNNMoney) BuzzFeed editor in chief Ben Smith said he and his colleagues had identified "41 instances of sentences or phrases copied, word for word, from other sites, many of them inappropriate sources in the first place," during a review...

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Lyft gets the green light in New York City

Rideshare app Lyft, known for the pink mustaches on car grills, will launch in New York on Friday NEW YORK (CNNMoney) After two weeks of sparring with New York City taxi regulators, rideshare app Lyft can start serving the five boroughs -- provided...

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Mary Poppins won't work for minimum wage

NEW YORK (CNNMoney) But in a parody from Funny or Die, the Disney character (played by Kristin Bell) is quitting her job because that's all the Banks family will pay her. She struggles to make ends meet while making $7.25, the federal minimum...

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Would-be giant in online house hunting has brokers scared

NEW YORK (CNNMoney) The rumored deal -- the companies won't confirm it -- sent the companies' stocks soaring Friday as the chatter gathered steam. The companies don't charge for publishing these listings of homes for sale, but they do charge...

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#DetroitWater campaign wants you to pay residents' past-due bills

Detroit's looming water shutoffs spark a social media campaign and an app to connect donors with residents behind on their bills. NEW YORK (CNNMoney) The Detroit Water Project connects donors with Detroit residents who are delinquent on their...

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Murdoch shoring up his war chest

LONDON (CNNMoney) 21st Century Fox (FOXA), home to Murdoch's film and TV businesses, is merging its satellite TV operators in Italy, Germany and the U.K., creating a European market leader and pocketing £4.9 billion ($8.3 billion) of cash. BSkyB...

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Target sent victims to Experian, which has sold your data to criminals

Target hack victims were directed to Experian for protection. But that company has leaked your data too. NEW YORK (CNNMoney) When Target lost data on some 110 million customers, it recommended them to credit bureau Experian for "identity theft...

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ECB hacked: 20,000 e-mail addresses stolen

LONDON (CNNMoney) The ECB said no financial information or market data had been stolen, and the database affected was separate from all its internal systems. The database serves parts of the ECB website that gather registrations for events such...

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Stocks: 6 things to know before the open

LONDON (CNNMoney) U.S. stock futures were edging higher, suggesting the S&P 500 could test 2,000 points. Here are the six things you need to know before the opening bell rings in New York: 1. Stronger economy: China's factories are motoring...

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GM to pay victims $400 million to $600 million

GM record 30 million recalls cost it $1.3 billion in the second quarter, including $400 million it set aside to pay victims of the faulty ignition switch, seen being repaired here. NEW YORK (CNNMoney) The families of those killed and people injured...

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Avoid the rush! Some ERs are taking appointments

Michael Granillo speaks to a doctor at Northridge Hospital Medical Center, which takes ER appointments. NEW YORK (CNNMoney) "I was in so much pain I wanted to be taken care of now," said Granillo, 34, who lives in Reseda, Calif., and runs a hot...

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Indonesia markets cheer Widodo victory

HONG KONG (CNNMoney) Stocks in Jakarta rallied as much as 1.1% during the trading day before closing up 0.2%. The rupiah strengthened as much as 0.8% to 11,465 against the dollar. Widodo rose from humble origins to capture the top office in the...

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Stocks: 4 things to know before the open

Click on chart to track premarkets LONDON (CNNMoney) U.S. stock futures were edging higher. "I think some of the macro geopolitical concerns have, at least for the moment, moved back to the back burner," said Art Hogan, chief market strategist...

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Stocks: 4 things to know before the open

Click on chart to track premarkets LONDON (CNNMoney) U.S. stock futures were all edging slightly higher. Here are the four things you need to know before the opening bell rings in New York: 1. Stock market movers -- Chipotle, Netflix, Credit...

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Sanctions: Top 10 Russian targets

The shooting down of Malaysia Airlines Flight 17 in eastern Ukraine may persuade Europe to take a tougher line with Moscow over its support for separatist rebels. LONDON (CNNMoney) Since Moscow annexed Crimea four months ago, European leaders...

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China scare snares Burger King, Papa John's

Chinese authorities have shut down an American-owned meat processor in Shanghai that was supplying several big name chains. HONG KONG (CNNMoney) On Monday, local regulators suspended the operations of Shanghai Husi Food, a subsidiary of Illinois-based...

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World's 2nd-richest man suggests 3-day work week

Carlos Slim, the world's second richest man, is advocating a three-day work week. NEW YORK (CNNMoney) The Financial Times reported that in a speech at a conference in Paraguay, Slim advocated a radical change in the typical five-day work week....

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Stocks: 5 things to know before the open

Click on chart for more premarket data. LONDON (CNNMoney) Here are the five things you need to know before the opening bell rings in New York: 1. Smoker's widow ruling: Shares in tobacco giants Reynolds American (RAI) and Philip Morris International...

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Tobacco stocks burned by $23.6 billion judgment

Shares slipped for Pall Mall producer Reynolds American after a jury awarded a smoker's widow $23.6 billion. NEW YORK (CNNMoney) The stock price for Reynolds American (RAI), parent company of R.J. Reynolds Tobacco Co., fell 3% before the bell,...

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Can this British designer save Coach?

Coach has hired Stuart Vevers to try to revive a brand that has been around since 1941. NEW YORK (CNNMoney) The British designer was hired last year to revive the Coach brand, a comeback that may be even harder to pull off than Martha Stewart's....

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Can Malaysia Airlines survive latest tragedy?

Four months after a Malaysia Airlines plane goes missing, another one of its passenger jets is shot out of the sky. NEW YORK (CNNMoney) The tragic events have taken the lives of 537 people in all, and brought devastation to their families. ...

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Snowden asks hackers to protect whistleblowers

Ex-NSA contractor Edward Snowden, exiled in Russia, speaks via video connection to a crowd of hackers in New York City. NEW YORK (CNNMoney) Daniel Ellsberg, who famously released the Pentagon Papers, and former NSA contractor Edward Snowden spoke...

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Murdoch says he can't buy Tribune but mum on Time Warner

NEW YORK (CNNMoney) "Sorry can't buy Trib group or LA Times -- cross-ownership laws from another age still in place," Murdoch tweeted late Thursday night. Murdoch was referring to Federal Communications Commission rules that limit how many newspapers...

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