BC-APFN-Business News Preview
BC-APFN-Business News Preview
Aug. 17, 2018
Among the stories Friday from The Associated Press:
TESLA-MUSK — What do you do when your CEO confesses that he's cracking under the stress of his job? That's the question that the nine board members of electric car and solar panel maker Tesla Inc. must answer after Elon Musk, the company's impulsive leader, admitted to The New York Times that work is rattling his nerves in what he described as the most "difficult and painful year of my career." By Tom Krisher. SENT: 920 words, photos.
EUROPE-DEBT WOES — Greece officially emerges from its bailout program on Monday, after eight years of cutbacks enforced in return for massive loans and an economic collapse on the scale of the Great Depression. The exit is a welcome milestone. But it offers little assurance that the 19-country euro currency union has left behind its problems with debt. The huge debt pile in Greece and an even bigger one in Italy will remain a lurking financial threat to Europe that could take a generation to defuse. By David McHugh. SENT: 1,080 words, photos.
US-CHINA TARIFFS-PLEAS FROM US COMPANIES — Fishermen complain that their catch will be taxed upon return to the U.S. from processing in China. A Utah semiconductor company fears higher costs for materials it imports from China. Starting Monday, the Trump administration will receive a rush of pleas from companies that say they'd suffer if the administration proceeds with tariffs on an additional $200 billion in imported Chinese goods. They represent further examples of how the trade wars the Trump administration is engaged in pose threats to American individuals and companies. By Paul Wiseman. UPCOMING: 850 words by 3 p.m.
TURKEY — Turkey and the United States exchanged new threats of sanctions Friday, keeping alive a diplomatic and financial crisis that is threatening the economic stability of the NATO country. By Suzan Fraser. SENT: 440 words, photos.
MARKETS & ECONOMY:
FINANCIAL-MARKETS — Stocks are opening mostly lower on Wall Street, following a big gain the day before, after several companies issued weak earnings or forecasts. By Marley Jay. SENT: 410 words, photos. UPCOMING: 700 words by 5 p.m.
TRUMP-CORPORATE REPORTING — President Donald Trump says he's asking federal regulators to look into the effectiveness of the quarterly financial reports that publicly traded companies are required to file. SENT: 130 words, photo.
TECHNOLOGY & MEDIA:
FILM-SUMMER COMEBACK — Have you noticed something oddly tranquil about this summer movie season? For the first time in recent memory, there hasn't been a single big-budget bomb. After the cataclysmic, the-sky-is-falling summer of 2017, when overall grosses slid 14.6 percent, Hollywood has rebounded. Ticket sales in North America this summer are up 11.3 percent. By Film Writer Jake Coyle. UPCOMING: 850 words by 1 p.m., photos.
GOOGLE-CHINA-CENSORED SEARCH — More than a thousand Google employees have signed a letter protesting the company's secretive plan to build a search engine that would comply with Chinese censorship. SENT: 130 words, photo.
DENMARK-EARNS-MOLLER-MAERSK — Danish shipping group A.P. Moller-Maersk says it swung to a profit in the second quarter but cautioned about uncertainty related to global trade amid U.S. sanctions on major economies. SENT: 140 words.
FRANCE-AIR FRANCE — Air France-KLM has named Benjamin Smith, formerly a top executive at Air Canada, as its new CEO and unions said Friday they were concerned he would cut back on wages and work conditions. SENT: 330 words, photos.
INDIA-MONSOON-FLOODING — Rescuers used helicopters and boats on Friday to evacuate thousands of people stranded on their rooftops following unprecedented flooding in the southern Indian state of Kerala that left more than 160 dead. SENT: 280 words, photos.