BC-Business News Preview
Among the stories Tuesday from The Associated Press:
HOW AMERICA SAVES — An annual review by Vanguard shows that most people with money in its 401k plans have their entire account in a single target-date retirement fund. These funds help investors properly allocate their savings so that, for example, a young person won’t be invested too conservatively. By Stan Choe. UPCOMING: 750 words by noon, photos.
MYSTERY ROBOTS — It’s never been clear whether robotics company Boston Dynamics is making killing machines, household helpers, or something else entirely. But the secretive firm, which for seven years has unnerved viewers with YouTube videos of robots that jump, gallop or prowl like animals, is starting to emerge from a quarter-century of stealth. By Matt O’Brien. SENT: 130 words, photos. UPCOMING: About 1,300 words by 10 a.m., photos. An abridged version of 800 words also will be available.
QATAR-THRIVING UNDER BLOCKADE — It’s been a year since three of Qatar’s neighbors plus Egypt severed ties with the Gulf state, cut off exports, expelled their citizens and banned Qatari flights from using their airports and airspace. By Aya Batrawy. SENT: 1,350 words, photos.
BRITAIN-SKY — Britain’s culture secretary throws Rupert Murdoch’s 21st Century Fox a lifeline in its 11.7 billion-pound ($16.4 billion) bid to buy the 61 percent of the U.K. satellite broadcaster Sky it doesn’t already own. By Danica Kirka. SENT: 400 words, photo. UPCOMING: May be updated.
With: — BRITAIN-SKY-THE LATEST — Running updates.
MARKETS & ECONOMY:
FINANCIAL MARKETS — U.S. stocks are mostly higher early Tuesday after posting solid gains over the last two days. By Marley Jay. SENT: 540 words, photos. UPCOMING: 700 words by 5 p.m.
JOB OPENINGS — The Labor Department reports on job openings and labor turnover for April. By Christopher Rugaber. UPCOMING: 130 words after release of report at 10 a.m. 350 words by 11:15 a.m.
ECONOMY-SERVICES U.S. services firms expanded at stronger pace in May compared to the prior month, as companies saw gains in business activity, new orders and employment. By Josh Boak. SENT: 130 words, photo. UPCOMING: 350 words by 10:45 a.m.
WORLD BANK-GLOBAL FORECAST — The World Bank issues its semi-annual outlook for the global economy. In its previous forecast in January, the World Bank predicted that global growth would hit 3.1 percent in 2018, which would amount to its best showing in seven years, and that the U.S. economy would expand 2.5 percent. In recent months, though, the rising threat of a global trade war has raised some concerns about economic growth. By Paul Wiseman. UPCOMING: 130 words after embargo lifts at 4 p.m., 300 words by 5 p.m.
WELLS FARGO-SALE — Wells Fargo is exiting retail banking operations in three Midwestern states as the beleaguered company follows through on previous plans to reduce the number of locations it has open. SENT: 120 words.
KOCH STEPS DOWN — Billionaire conservative icon David Koch is stepping down from the Koch brothers’ network of business and political activities. By Steve Peoples. SENT: 560 words, photo.
MALAYSIA-TAKATA AIRBAG — Malaysia’s transport minister says that the government will take an active role in recalls to replace flawed Takata air bags after data from eight car manufacturers showed that more than 350,000 car owners have not responded. By Eileen Ng. SENT: 550 words, photo.
BRITAIN-RBS — The British government sells a 7.7 percent stake in Royal Bank of Scotland, taking a tentative step toward returning the bank to private ownership almost a decade after it was bailed out at the height of the financial crisis. By Danica Kirka. SENT: 460 words, photo.
NEWELL BRANDS-RAWLINGS SALE — Newell Brands is selling iconic sporting goods company Rawlings to a private equity fund for about $395 million. SENT: 130 words, photo.
AUSTRALIA-BANKS-CHARGED — Australia has laid cartel charges against banking companies Citigroup, Deutsche Bank and ANZ plus six bank executives over the sale of 2.5 billion Australian dollars ($1.9 billion) in ANZ shares to institutional investors three years ago. SENT: 130 words.
AUSTRALIA-AIRLINE POLITICS — Australia’s foreign minister expresses concern at Qantas Airways’ decision to describe Taiwan as a Chinese territory after pressure from Beijing. By Rod McGuirk. SENT: 520 words, photo.
AUSTRALIA-SUPERMARKET PLASTICS — Australians will find fewer plastics on the shelves at most supermarkets as retailers bend to customer demands to reduce waste. By Rod McGuirk. SENT: 350 words.
WORLD CUP-MONEY GAME — The 2018 World Cup has cost Russia billions of dollars to stage and will make FIFA hundreds of millions in profit. Still, the big numbers that are routine for major sports events are unlikely to set World Cup records. By Graham Dunbar. SENT: 920 words, photos.
TRAVEL-WELLNESS TOURISM — Never mind staying fit on the road: For some travelers, wellness has become the whole point of the trip. By Kelli Kennedy. SENT: 900 words, photos.
NERDWALLET-ASK BRIANNA-DOWN PAYMENT — You don’t need to save 20 percent of a home’s value for a down payment. Many federal, state and local programs will let you buy a house with less. Here’s an overview of your options and how to decide what’s best for you. By Brianna McGurran of NerdWallet. SENT: 640 words, photo.
PETS-NERDWALLET-SUBSCRIPTION BOXES — You may be familiar with monthly subscription boxes for humans, but there are also options like BarkBox, PupBox and Meowbox that send deliveries to your four-legged friend. Are these subscriptions worth it? Here’s how to weigh the pros and cons before signing up your dog or cat. By Courtney Jespersen. SENT: 800 words, photos.
MALAYSIA-POLITICS — Anti-corruption investigators question the wife of former Malaysian Prime Minister Najib Razak about alleged theft and money-laundering involving the 1MDB state investment fund, as officials announced a probe into other suspicious multibillion-dollar transactions under Najib’s leadership. By Eileen Ng. SENT: 930 words, photos.
BRITAIN-ECONOMY — The British economy appears to be bouncing back following a period of near-stagnation that had reinforced fears about the impact of Brexit, surveys indicate. By Robert Stevens. SENT: 550 words.
BRITAIN-HEATHROW — The British government approves the construction of a third runway at Heathrow Airport — a decision that puts the long-running issue to an uncertain parliamentary vote. By Danica Kirka. SENT: 360 words, photo.
CHINA-NKOREA-AIRLINE — State-owned Air China is resuming flights to North Korea’s capital, Pyongyang, amid preparations for a possible meeting between U.S. President Donald Trump and North Korean leader Kim Jong Un. SENT: 180 words, photo.
AUSTRIA-EU — Austrian Chancellor Sebastian Kurz is urging the European Union to cut management costs as Vienna prepares to take over the bloc’s rotating presidency next month. SENT: 130 words, photo.
AUSTRIA-PUTIN — Russian President Vladimir Putin arrives in Austria, one of the European Union’s more Russia-friendly members, on his first foreign trip since being sworn in for a fourth term. SENT: 230 words, photo.