BC-APFN-Business News Preview
Among the stories Tuesday from The Associated Press:
GLOBAL ECONOMY-SLOWDOWN — After galloping along the past two years, the global economy is showing worrisome signs of weakening, from China to Europe to Latin America. Few economists foresee an outright global recession within the next year. But the synchronized growth that had been driving the international economy appears to be waning just as threats from a trade war are injecting new risks. By Josh Boak. UPCOMING: 800 words by noon.
FACEBOOK-SANDBERG — For the past decade, Sheryl Sandberg has been the poised, reliable second-in-command to Facebook CEO Mark Zuckerberg, building up Facebook’s business while also cultivating her own brand as a feminist leader that is beyond her role at the social network. But with growing criticism over the how the company has handled a series of crises around privacy and elections interference, her carefully cultivated brand is starting to show some cracks. By Barbara Ortutay UPCOMING: 700 words by 10 a.m., photos.
AMAZON-BRAIN DRAIN — When tech giants like Amazon expand, other companies don’t just worry about losing business. They also fret about hanging on to their employees. Some of the industries that have defined New York City and the Washington area will face increased competition for talent as Amazon seeks 50,000 new employees for two new headquarters at time of fierce demand for software engineers, mobile app developers and other technology professionals. By Alexandra Olson. SENT: 1,200 words, photos.
JAPAN-NISSAN-GHOSN — Japanese prosecutors are considering whether to file formal charges against Nissan Motor Co.’s chairman Carlos Ghosn amid a probe into allegations he misused company assets and under-reported millions of dollars of income. By Mari Yamaguchi. SENT: 680 words, photos.
NISSAN ALLIANCE-GHOSN — For years, France’s Renault and Japan’s Nissan struggled to make money in the global auto business. Then came Carlos Ghosn, a Renault executive who helped to orchestrate an unprecedented transcontinental alliance, combining parts of both companies to share engineering and technology costs. Now Ghosn’s arrest in Japan for alleged financial improprieties at Nissan could put the nearly 20-year-old alliance in jeopardy. By Tom Krisher and Angela Charlton. SENT: 600 words, photo.
MARKETS & ECONOMY:
FINANCIAL MARKETS — Stocks are opening sharply lower on Wall Street as a rout in major technology companies continued. SENT: 550 words, photos. UPCOMING: 700 words by 5 p.m.
HOME CONSTRUCTION — U.S. home construction improved a slight 1.5 percent in October, but in a troubling sign, ground breakings for single-family houses fell. By Josh Boak. SENT: 370 words, photo.
EARNS-TARGET — Target’s ramped up investments online and in stores are bringing in shoppers, but they’re also bruising the bottom line. By Anne D’Innocenzio. SENT: 810 words, photos.
TOYS R US-HARDSHIP FUND — Two private equity owners of the iconic Toys R Us toy chain will be handing over a $20 million hardship fund to the thousands of former workers left jobless and without severance after the chain liquidated in June. By Anne D’Innocenzio. SENT: 480 words, photos.
EUROPE-COAL — Environmental groups say 10 utility companies are responsible for the majority of premature deaths caused by emissions from coal-fired power plants in Europe. By Frank Jordans. SENT: 330 words, photos.
SIEMENS-LONDON UNDERGROUND — German firm Siemens AG has landed a 1.5 billion pound ($1.9 billion) order for new trains for the London Underground’s busy Piccadilly line, which brings 700,000 people in and out of central London every day. SENT: 140 words.
TECHNOLOGY & MEDIA:
MARTHA STEWART-FIRST UBER RIDE — Martha Stewart posts her first Uber ride on Instagram, saying it was a mess. SENT: 130 words, photo.
NERDWALLET-HOTEL PERKS — Hotel loyalty benefits — such as access to room upgrades, late checkout and other amenities — aren’t reserved only for the most faithful, highest-spending customers anymore. With the right credit card, you can get them, too. By Claire Tsosie. SENT: 820 words, photos.
BREXIT — British Prime Minister Theresa May gets a reprieve in one of her Brexit battles as party rebels said they did not yet have the strength for a leadership challenge. But she faced a new headache as parliamentary allies warned they could remove support from May’s minority government if she does not alter her divorce deal with the European Union. By Jill Lawless. SENT: 660 words, photos.
— BRITAIN-ECONOMY — The Bank of England will publish its economic analysis of Prime Minister Theresa May’s Brexit deal next week as well as an assessment of what would happen if Britain crashes out of the European Union with no deal. By Pan Pylas. SENT: 620 words, photo.
PHILIPPINES-CHINA’S XI VISITS — Chinese President Xi Jinping received a red-carpet welcome in the Philippines as he paid his first visit to the U.S. treaty ally with offers of infrastructure loans and new accords to prevent clashes and possibly explore for oil and gas in the disputed South China Sea. By Jim Gomez. SENT: 820 words, photos.
PAPUA NEW GUINEA — Disgruntled police, military and prison guards stormed Papua New Guinea’s Parliament on Tuesday in a violent pay dispute stemming from an international summit hosted by the impoverished South Pacific island nation over the weekend, a lawmaker said. By Ciaran McQuillan. SENT: 700 words, photos.
PAKISTAN-IMF — Pakistan and the International Monetary Fund are into their final round of talks over an $8 billion bailout package Islamabad seeks from the international lending agency to overcome the country’s economic woes. SENT: 130 words.
RUSSIA-MEDIA — A Moscow court has ruled to fine an independent magazine $335,000, a move seen by Kremlin critics as retribution for reporting that is critical of the government. SENT: 120 words.
FRANCE-GAS PRICE PROTESTS — French President Emmanuel Macron is sticking to fuel tax hikes that have prompted nationwide protests but calling for “dialogue” to calm tensions. SENT: 200 words, photos.