BC-APFN-Business News Preview
Among the stories Wednesday from The Associated Press:
ON THE MONEY-PAYDAY LENDING — Financial technology company Even shared data exclusively with The Associated Press that showed that its users were less likely to use payday loans once they signed up for the service. Even allows its users to take advances on their next paycheck, not charging any interest. By Ken Sweet. UPCOMING: 700 words, photo at 10 a.m.
SMALLBIZ-SMALL TALK-SOURED PARTNERSHIPS — The failure of a partnership often brings hard lessons for company owners. Problems often start when prospective partners don’t think through all the ramifications of what they’re doing — including whether they’ll be a good fit. By Joyce M. Rosenberg. UPCOMING: 900 words by 11 a.m., photos.
MARKETS & ECONOMY:
FINANCIAL MARKETS — Stocks are climbing in early trading on Wall Street as results of the U.S. midterm elections came in as investors had expected. By Marley Jay. SENT: 790 words, photos. UPCOMING: 700 words by 5 p.m.
CONSUMER BORROWING — The Federal Reserve releases its September report on consumer borrowing. By Martin Crutsinger. UPCOMING: 130 words after release of report at 3 p.m. 300 words by 3:45 p.m.
CHINA-SINKING YUAN — China’s foreign currency reserves declined in October in a sign Beijing might be intervening in the market to keep its yuan from falling too far against the dollar and triggering a possible U.S. backlash amid a tariff battle. SENT: 460 words, photo.
GERMANY-EARNS-BMW — Germany luxury automaker BMW says its net profit fell 24 percent in the third quarter as the company spent more on new technology and faced market disruptions due to other companies failing to get vehicles certified in time for new European Union emissions tests. By David McHugh. SENT: 400 words.
CHINA-NEW DRONE — A Chinese state-owned company says it is developing a stealth combat drone in the latest sign of the country’s growing aerospace prowess. By Dake Kang and Christopher Bodeen. SENT: 850 words, photos.
INDONESIA-LION AIR CRASH — A crucial sensor that’s the subject of a Boeing Co. safety bulletin was replaced on a Lion Air jet the day before it plunged into the Java Sea, Indonesia’s National Transportation Safety Committee says. By Niniek Karmini and Andi Jatmiko. SENT: 560 words, photos.
BRITAIN-PERSIMMON CEO — The head of British housebuilding company Persimmon is stepping down at the end of the year following an uproar over revelations he received a bonus of 75 million pounds ($99 million). SENT: 130 words.
F1-HANOI RACE — A Grand Prix in Hanoi will be added to the Formula One calendar in 2020 as part of the sport’s expansion in Asia. By Tran Van Minh. SENT: 350 words, photos.
TECHNOLOGY & MEDIA:
BRITAIN-FAKE NEWS — Facebook CEO Mark Zuckerberg has rejected a request to appear before an international parliamentary committee delving into the questions around fake news. SENT: 140 words, photos.
ELECTION 2018-FACEBOOK — Facebook says it blocked more accounts on Election Day, in addition to the 115 it shut down earlier this week, due to suspected connections to foreign efforts to interfere in the vote. SENT: 130 words, photo.
CDK GLOBAL-CEO-KRZANICH — The former CEO of Intel is being named as the top executive at CDK Global, a company that provides technology to auto dealers. SENT: 130 words, photo.
BEHIND THE WHEEL-SAFETY FEATURES — Automakers are rapidly installing advanced safety systems in their vehicles. Consumers are slow to adapt, however. Edmunds explains what you need to know. By Brent Romans of Edmunds. SEN T: 700 words, photo.
EUROPE-ECONOMY — A new survey suggests the digital technologies sweeping through the corporate world could mean some job losses at big companies, but it’s unclear what impact they will have on consumer prices. By David McHugh. SENT: 180 words, photo.
BREXIT — British Prime Minister Theresa May and European Council President Donald Tusk spoke by phone amid signs of movement in deadlocked Brexit talks. By Jill Lawless. SENT: 400 words, photos.
AUSTRALIA-SPY CHARGED — Lawyers prosecuting a former spy and his lawyer who accuse Australia of illegally bugging the East Timorese Cabinet while negotiating a deal to share oil and gas revenue have made an application that could lead to the court being closed during the trial. By Rod McGuirk. SENT: 670 words.
AUSTRALIA-CHINESE INVESTMENT — The Australian government warned it intends to block a Hong Kong and Chinese consortium’s 13 billion Australian dollar ($9 billion) takeover bid for an energy infrastructure company because it conflicts with Australia’s national interest. By Rod McGuirk. SENT: 740 words, photo.
GERMANY-ECONOMY — The German government’s panel of independent economic advisers has cut its growth forecast for this year, citing a tougher foreign trade environment, among other issues. SENT: 140 words, photo.