WASHINGTON'S LEADING BUSINESS MAGAZINE

Daily Intel

Panasonic, Tesla to build big US battery plant
TOKYO (AP) — American electric car maker Tesla Motors Inc. is teaming up with Japanese electronics company Panasonic Corp. to build a battery manufacturing plant in the U.S. expected to create 6,500 jobs. Under the agreement, Tesla, based in Palo...
Aug 1, 2014 | 2:01 AM
Dow Jones industrials plunge 300 points, wiping out July's gains; worst drop since February
NEW YORK (AP) — Dow Jones industrials plunge 300 points, wiping out July's gains; worst drop since February.
Aug 1, 2014 | 2:01 AM
NY judge: US warrant can reach email in Ireland
NEW YORK (AP) — U.S. law enforcement can force Microsoft Corp. to turn over emails it stores in Ireland, a judge ruled in a case that technology companies have rallied around as they pursue billions of dollars in data storage business abroad. The...
Aug 1, 2014 | 2:01 AM
As US job market strengthens, many don't feel it
Though the U.S. unemployment rate has plunged since the start of last year to a five-year low of 6.1 percent, the Gallup Organization has found that consumers' view of the economy is the glummest it's been in seven months. Hunter earned $14 an hour...
Aug 1, 2014 | 2:01 AM
Vitaminwater cries uncle, switches back formula
The Atlanta-based company promised Thursday the drink would go back to its previous taste after fans flooded Vitaminwater's Facebook page with negative comments. The move came after sales volume for Vitaminwater declined 18 percent in 2013,...
Aug 1, 2014 | 2:01 AM
Figures on government spending and debt
WASHINGTON (AP) — Figures on government spending and debt (last six digits are eliminated). The government's fiscal year runs Oct. 1 through Sept. 30. Total public debt subject to limit July 3017,574,750Statutory debt limitsuspendedTotal public debt...
Aug 1, 2014 | 2:01 AM
Iliad of France makes surprise bid for T-Mobile US
NEW YORK (AP) — T-Mobile US Inc., the most eligible company in the U.S. wireless industry, has another suitor on its hands. Upstart French telecom company Iliad SA on Thursday said it has offered $15 billion for a majority stake. Iliad is injecting...
Aug 1, 2014 | 2:01 AM
Tesla posts 2Q loss, prepares Nevada factory site
(AP) — Electric car maker Tesla Motors widened its loss in the second quarter as it prepared for the launch of a new SUV and started work on a massive new battery plant. "Before we go to the next stage of pouring a lot of concrete, we want...
Aug 1, 2014 | 2:01 AM
Facebook's Internet.org expands in Zambia
Facebook has already been working with mobile operators around the world to offer its own service free of charge to phone subscribers — think of it as a gateway to the rest of the Internet. Online services accessible through the app range from...
Aug 1, 2014 | 2:01 AM
Debit overdraft fees often exceed cost of purchase
"Overdraft fees should not be 'gotchas' when people use their debit cards," CFPB director Richard Cordray said in a conference call with reporters. Not surprisingly, the fees weigh mainly on people who use their debit cards more often. Richard...
Aug 1, 2014 | 2:01 AM