BC-APFN-BCBusiness News Preview
Among the stories Friday from The Associated Press:
ECONOMY-JOBS REPORT — U.S. employers slowed their hiring in July, adding 157,000 jobs, a solid gain but below the healthy pace they maintained in the first half of this year. The Labor Department says the unemployment rate ticked down to 3.9 percent from 4 percent. That’s near an 18-year low of 3.8 percent reached in May. By Christopher Rugaber. SENT: 640 words, photo. UPCOMING: Will be updated.
— ECONOMY-JOBS REPORT-DEMOGRAPHICS-GLANCE
US-CHINA TARIFFS — China’s government has announced a $60 billion list of U.S. goods including coffee, honey and industrial chemicals for retaliation if Washington goes ahead with its latest tariff threat. By Joe McDonald. SENT: 470 words, photo. UPCOMING: May be updated.
— TRADE GAP — The U.S. trade deficit widened in June for the first time in four months as exports fell and imports grew. Politically sensitive trade gaps with China, Mexico and Canada all increased. By Paul Wiseman. SENT: 330 words, photo.
FLORIDA KEYS LOBSTER-TARIFFS — Just as they prepare for a crucial harvest in the wake of Hurricane Irma, lobster fisherman in the Florida Keys fear a trade war with China could undermine storm recovery in the island chain. By Jennifer Kay. SENT: 750 words, photos.
MARKETS-HIGH-FLYING PROFITS — Investors came into this earnings season with high expectations. They weren’t high enough. Companies in the S&P 500 are on track to deliver earnings-per-share growth of 24 percent for the second quarter. When the quarter started in April, Wall Street was expecting a 19 percent jump. By Stan Choe. SENT: 340 words, photos.
FINANCIAL MARKETS — U.S. stocks are higher following another solid jobs report. Retailers and technology companies are rising. SENT: 460 words, photo. UPCOMING: 700 words by 5 p.m.
BRITAIN-AMAZON-TAX — Amazon is facing criticism after its British tax bill fell to a mere 1.7 million pounds ($2.2 million) despite a big jump in sales and profits. SENT: 320 words, photo.
MARKETS & ECONOMY:
ECONOMY-SERVICES — The Institute for Supply Management, a trade group of purchasing managers, issues its index of non-manufacturing activity for April. By Paul Wiseman. UPCOMING: 130 words after release of report at 10 a.m., 300 words by 10:45 a.m.
JAPAN-EARNS-TOYOTA — Toyota Motor Corp. logged a better than expected performance in the last quarter, reporting Friday that its quarterly profit jumped 7.2 percent to a record 657.3 billion yen ($5.9 billion), thanks to strong sales in the U.S. and other overseas markets. SENT: 430 words, photo.
EARNS-BERKSHIRE HATHAWAY — Warren Buffett’s conglomerate reports quarterly results. UPCOMING: 250 words after release of report at about 4 p.m.
BRITAIN-EARNS-RBS — The Royal Bank of Scotland announced a steep fall in second-quarter profit after being hit by a big charge from U.S. authorities over past misdeeds. SENT: 230 words, photo.
NETHERLANDS-CHINA-BEER — Heineken, the world’s second-largest brewer, has struck a deal to expand in China, the world’s biggest beer market. SENT: 180 words, photo.
NEVADA MARIJUANA-FIRST YEAR — Nevada regulators and industry insiders say the state’s first year of broad marijuana legalization has exceeded even their highest expectations, with sales and tax collections already surpassing year-end projections by 25 percent. By Scott Sonner. SENT: 960 words, photos.
TECHNOLOGY & MEDIA:
2018 MIDTERMS-CYBERSECURITY — With the midterm elections just three months away, campaigns are largely on their own in the increasingly challenging task of protecting sensitive information and countering false or misleading content on social media. By Steve Peoples and Christina A. Cassidy. SENT: 1,180 words, photo.
BREXIT — The value of the pound fell Friday after Bank of England Governor Mark Carney said the risk of Britain leaving the European Union without a deal is “uncomfortably high.” By Jill Lawless. SENT: 340 words, photo.