BC-APFN-Business News Preview
Among the stories Tuesday from The Associated Press:
OPEN TO ALL — Spurred by a Colorado baker’s refusal to make a wedding cake for a gay couple, a coalition of more than 1,200 businesses and cities including Yelp, Lyft and the city of New York are pledging not to discriminate against customers based on race, sexual orientation, or other characteristics. By Dee-Ann Durbin. SENT: 930 words, photo.
TRUMP-FUEL ECONOMY — A late draft shows that the Trump administration is sticking with plans to freeze government fuel economy requirements, scrapping Obama-era environmental policies. Parts of the draft obtained by The Associated Press also show the administration plans to challenge California’s ability to set its own standards and will use on safety issues to justify the changes. By Tom Krisher and Ellen Knickmeyer. UPCOMING: 750 words by noon.
ROBOTIC HAND — Researchers at a non-profit artificial intelligence lab funded by Elon Musk and others used about 100 years worth of computing time to train a robotic hand to juggle a cube. The effort shows that robots can be trained cheaply and quickly in virtual worlds. By Ryan Nakashima. UPCOMING: 500 words by 11 a.m., photos.
MARKETS & ECONOMY:
FINANCIAL MARKETS — Stocks are opening broadly higher on Wall Street as technology companies rise after a three-day losing streak. SENT: 560 words, photos. UPCOMING: Will be updated through trading, about 700 words by 5 p.m.
CONSUMER SPENDING — Consumer spending rose by a solid 0.4 percent in June, while a key gauge of inflation increased at an annual pace of 2.2 percent for a second straight month — the strongest back-to-back gains in six years. By Martin Crutsinger. SENT: 440 words, photo.
EMPLOYMENT COSTS — U.S. workers saw their wages and benefits grow more slowly in the second quarter, a sign that a tight labor market has yet to accelerate income gains. By Matt Ott. SENT: 130 words, photo. UPCOMING: Will be updated.
HOME PRICES — U.S home prices rose rapidly in May, a trend that is thwarting some would-be buyers and pulling down home sales. By Christopher Rugaber. SENT: 130 words. UPCOMING: 300 words by 10:30 a.m.
CONSUMER CONFIDENCE — The Conference Board releases its July index on U.S. consumer confidence. By Paul Wiseman. UPCOMING: 130 words after release of report at 10 a.m., 300 words by 10:45 a.m.
EARNS-APPLE — The iPhone maker reports quarterly results. UPCOMING: 250 words after release of report at about 4:30 p.m.
JAPAN-EARNS-HONDA — Honda Motor Co. profits jumped 17.8 percent in the latest quarter, driven by strong auto sales in North America and motorcycle sales in Asia. SENT: 190 words, photos.
JAPAN-EARNS-NINTENDO — Nintendo Co. says its quarterly profit jumped 44 percent in the fiscal first quarter thanks to increased sales of Nintendo Switch game titles. By Youkyung Lee. SENT: 210 words, photo.
EARNS-PFIZER — Pfizer’s second-quarter profit surged 26 percent, thanks to a 4 percent increase in medicine sales, higher income from partnerships and lower tax expenses. By Linda A. Johnson. SENT: 350 words, photo. UPCOMING: Will be updated after 10 a.m. conference call.
EARNS-PROCTER & GAMBLE — Procter & Gamble’s fiscal fourth-quarter sales fell short of expectations and the world’s biggest consumer products maker said it’ll be raising prices on some of its most well-known brands, including Pampers. SENT: 290 words, photo.
BRITAIN-EARNS-BP — Energy giant BP says it is increasing its dividend for the first time in almost four years after second-quarter earnings quadrupled on higher oil prices and streamlined production. SENT: 130 words.
JAPAN-EARNS-SONY — Sony Corp. profits nearly tripled in the latest quarter, boosted by a jump in PlayStation 4 software sales, the Japanese electronics and entertainment giant said. SENT: 130 words, photos.
PIG FARM-UNDERCOVER VIDEO — A recently released undercover video showing pigs being abused at a supplier to meat giant JBS also highlights practices that are still common but slowly being changed in the pork industry, like keeping pregnant pigs in narrow cages. By Colleen Slevin. SENT: 900 words, photo.
MALAYSIA-MISSING PLANE — Malaysia’s civil aviation chief says he has resigned to take responsibility after an independent investigative report highlighted shortcomings in the air traffic control center during Flight 370′s disappearance four years ago. SENT: 400 words, photos.
HUNGARY-BMW — German automaker BMW says it will build a plant in eastern Hungary to manufacture up to 150,000 conventional and electric cars a year on a single production line. SENT: 140 words.
TECHNOLOGY & MEDIA:
TRUMP-3D GUNS — President Donald Trump says he is consulting with the National Rifle Association over whether it makes sense for a Texas company to publish downloadable blueprints for a 3D-printed gun. SENT: 390 words, photos, video.
RUSSIA-KHODORKOVSKY’S DOSSIER — Over the past three months, a series of powerful Russians have discovered their secrets seeping onto the web — now the man behind the disclosures tells The Associated Press that more are coming. By Raphael Satter. SENT: 1,130 words, photos.
DARKNET SUSPECT — An Illinois man who worked as a spokesman for a “darknet” marketplace used for illegal online sales is scheduled to be sentenced in federal court in Atlanta. SENT: 130 words. UPCOMING: Will be updated from 2 p.m. hearing.
LITHUANIA-RUSSIA-TAXI APP — Lithuanian authorities “strongly” urge consumers, especially public servants, not to install the app of a popular Russian taxi-booking service because it may unlawfully be collecting user data. By Liudas Dapkus. SENT: 290 words.
ANNENBERG INCLUSION STUDY — Despite enthusiastic discourse around diversity in film, a report from the University of Southern California’s Annenberg Inclusion Initiative says when it comes to the numbers, little has changed. By Lindsey Bahr. SENT: 560 words, photos.
EUROPE-ECONOMY — Europe’s economy slowed further in the second quarter amid concerns over global trade disputes, official figures show. By David McHugh. SENT: 550 words, photos.
EUROPE-WEATHER — The heatwave gripping large stretches of Europe has already been blamed for deadly forest fires and crop failures and now freshwater fish could be its next victims. By Kirsten Grieshaber. SENT: 760 words, photos.
AUSTRALIA-US-JAPAN — An Australian minister says a new infrastructure partnership with the United States and Japan did not challenge growing Chinese investment in the Indo-Pacific region. By Rod McGuirk. SENT: 530 words.
CHINA-MANUFACTURING — China’s manufacturing decelerated in July as exports and domestic demand weakened, adding to challenges for Beijing amid rising trade tension with Washington. SENT: 220 words.
GREECE-BAILOUT — The International Monetary Fund says Greece still faces an uphill struggle after the forthcoming end of its bailouts, and its long-term debt sustainability remains uncertain. SENT: 140 words, photo.
JAPAN-PLUTONIUM — Japan’s nuclear policy-setting panel approves revised guidelines on plutonium use, putting a cap on its stockpile and pledging to eventually reduce it to address international concerns, but without giving a specific timeline or targets. By Mari Yamaguchi. By Mari Yamaguchi. SENT: 600 words, photos.
SPAIN-TAXI STRIKE — Traffic is still snarled in some of Spain’s biggest cities as striking taxi drivers are extending their protest against ride-hailing services. SENT: 130 words, photos.