BC-Business News Preview
Among the stories Thursday from The Associated Press:
RETAIL STORES-SALES — Unemployment hasn’t been so low in years, wages are rising, consumer confidence is high and gasoline is cheap, all creating high expectations for department stores this holiday season. That’s not what investors got in sales numbers released Thursday. SENT: 510 words, photo.
— RETAIL STORES-SALES-THE LATEST — Running updates.
OFF THE CHARTS-EARNINGS PREVIEW — Earnings reporting season is about to get underway, and Wall Street is expecting another quarter of big growth. But investors will likely pay little attention to a fifth straight quarter of double-digit gains. Instead, they want to hear what CEOs have to say about 2019 prospects. By Stan Choe. SENT: 500 words, photo.
GADGET SHOW-ROBOTS EVERYWHERE — Robots are becoming increasingly useful in industrial and warehouse settings but have had a harder time finding roles in everyday life, with notable exceptions like robotic vacuum cleaners and consumer drones. But you wouldn’t know it from the array of walking, talking and ping-pong-playing robots at the CES gadget show in Las Vegas. By Matt O’Brien and Joseph Pisani. UPCOMING: 600 words by 10 a.m., photos.
GADGET SHOW-GROWING UP DIGITAL — There’s a slew of new gadgets — from artificially intelligent baby monitors to internet-connected breast bumps — that are designed to make life a little bit easier for harried parents. But some come with trade-offs. Take the cute, furry Woobo, meant to be a real-life version of a child’s imaginary friend that can help set toothbrushing routines, but which raises questions about whether it’s a good idea for kids to befriend machines. By Matt O’Brien. UPCOMING: 600 words by 2 p.m., photos.
CHINA-TRADE — The United States and China gave no indication of their next step after wrapping up talks aimed at resolving a tariff fight that threatens to chill global growth. By Joe McDonald and Paul Wiseman. SENT: 730 words, photos.
CHINA-FORCED LABOR — A U.S. supplier of t-shirts and other team apparel to college bookstores cuts ties with a Chinese company that drew workers from an internment camp holding targeted members of ethnic minority groups. By Martha Mendoza and Yanan Wang. SENT: 700 words, photos.
MARKETS & ECONOMY:
FINANCIAL MARKETS — Stocks are slumping in early trading on Wall Street led by steep drops in Macy’s and other retailers after several of the companies reported weak holiday sales. SENT: 600 words, photos. UPCOMING: 700 words by 5 p.m.
FEDERAL RESERVE-POWELL — Federal Reserve Chairman Jerome Powell speaks to The Economic Club of Washington D.C. By Martin Crutsinger. UPCOMING: 130 words after program begins at 12:40 p.m. 400 words after 1:30 p.m.
MORTGAGE RATES — Freddie Mac reports on this week’s average U.S. mortgage rates. UPCOMING: 130 words after release of report at 10 a.m. 300 words by 10:45 a.m.
COKE-CHINA — A health group created and funded by Coca-Cola is undermining China’s efforts to keep obesity rates in check, according to a new paper. By Candice Choi. SENT: 730 words, photo.
NETHERLANDS-NIKE — Tax arrangements between sneaker giant Nike and the Dutch government are being scrutinized by European Union competition regulators, the bloc’s executive Commission says. By Mike Corder. SENT: 260 words.
CALIFORNIA WILDFIRE-UTILITY — A judge proposes that in order to prevent wildfires, Pacific Gas & Electric Co. should re-inspect its entire electric grid and cut off power during certain wind conditions regardless of the inconvenience to customers or loss of profit. By Sudhin Thanawala. SENT: 500 words, photos. First sent late Wednesday.
FORD-EUROPE — Ford Motor Co. says it is cutting jobs in Europe as it reshapes its business to focus on more profitable commercial trucks and SUVs while shifting production to electric cars over the longer term. By David McHugh. SENT: 700 words, photos.
BRITAIN-JAGUAR — Jaguar Land Rover says it will cut 4,500 jobs as the carmaker addresses slowing demand in China and growing uncertainty about the U.K.’s departure from the European Union. By Danica Kirka. SENT: 420 words, photos.
FIAT-CHRYSLER-SIESEL SETTLEMENT — Fiat Chrysler will pay more than $650 million to settle allegations that it cheated on emissions tests involving more than 104,000 Jeep SUVs and Ram pickup trucks, a person with the knowledge of the settlement tells The Associated Press. By Michael Balsamo and Tom Krisher. UPCOMING: Developing from Announcement expected around 11 a.m.
JAPAN-NISSAN-GHOSN — Nissan’s former chairman Carlos Ghosn, who is being held on charges of falsifying financial reports, was ill with a fever, his lawyer said. By Yuri Kageyama. SENT: 260 words, photos.
TECHNOLOGY & MEDIA:
EUROPE-GOOGLE — An adviser to Europe’s top court says Google doesn’t have to extend “right to be forgotten” rules to its search engines globally. SENT: 290 words, photo.
HEALTH & MEDICINE:
DEMOCRATS-DRUG PRICES — Challenging the Trump administration on a high-profile consumer issue, leading congressional liberals plan to unveil a package of bills designed to radically reduce what Americans pay for prescription drugs by linking prices to lower costs in other countries. By Ricardo Alonso-Zaldivar. SENT: 710 words, photos.
PELVIC MESH LAWSUITS — Doctors who specialize in female pelvic medicine say lawsuits by four states, including Washington and California, over products used to treat pelvic floor disorders and incontinence might scare patients away from the best treatment options — or maybe even push the products off the market. By Gene Johnson. SENT: 1,280 words, photos.
BREXIT-AVIATION — The head of the leading association for airlines around the world has warned of possible disruptions to air travel if Britain crashes out of the European Union on March 29 without a deal. By Aya Batrawy. SENT: 330 words.
DAVOS FORUM — Officials in Davos have authorized a protest by Socialist youth against U.S. President Donald Trump and other expected attendees of the annual World Economic Forum in the Swiss ski resort this month. SENT: 250 words.
GREECE-GERMANY — Authorities have banned demonstrations in a large section of central Athens and will shut down streets and subway stations during a visit by German Chancellor Angela Merkel, who arrives in the Greek capital for meetings with Prime Minister Alexis Tsipras and other officials. SENT: 560 words, photo. UPCOMING: Will be updated; Merkel expected to arrive around 10:30 a.m.
GERMANY-AIRPORT STRIKE — A one-day strike by security staff at three German airports is causing travel chaos for tens of thousands of travelers. SENT: 300 words, photos.
GERMANY-PAKISTAN-FIRE — A German court won’t take up a civil case against a discount textile company whose clothes were produced in a factory in Pakistan that burned to the ground in 2012, killing more than 250 people. SENT: 130 words, photo.
GERMANY-GOVERNMENT PLANES — Germany’s development minister is demanding an end to breakdowns on government planes after a technical problem forced him to cancel a visit to Namibia. SENT: 140 words.
MEXICO-FUEL THEFT — Gasoline and diesel shortages are mounting in Mexico, but President Andres Manuel Lopez Obrador is vowing not to retreat in his battle against fuel theft gangs. SENT: 130 words, photos.