BC-APFN-Business News Preview
Among the stories Monday from The Associated Press:
NOBEL-ECONOMICS — Two Americans won the Nobel Prize in economics on Monday for studying a pressing issue facing the global economy: how to deal with pollution and climate change and how to foster the innovation needed to tackle such problems. William Nordhaus of Yale University and Paul Romer of New York University were announced winners of the 9-million-kronor ($1.01 million) prize by the Royal Swedish Academy of Sciences. By David Keyton and Jim Heintz. SENT: 750 words, photo, video.
NOBEL-ECONOMICS-THE LATEST — Running updates.
DIVIDED RETIREMENT — Government stats show more Americans are working longer than ever, with the percentage of those working at 65+ close to the highest level in more than 50 years. But the broad numbers belie some stratification underneath. It appears that those retiring later are also the better educated - so they may be choosing to work longer because they like their jobs. By Stan Choe and Sarah Skidmore Sell. SENT: 1,200 words, photos, graphic.
AMERICAN AIRLINES-STRANDED PASSENGERS — A new policy at American Airlines could leave more coach passengers stranded after delays or canceled flights. The airline is telling agents to avoid rebooking economy customers on other airlines, with a few exceptions, like people flying to a wedding. By contrast, agents are told to do whatever is necessary to help elite customers and business-class travelers get to their destinations quickly. By David Koenig. SENT: 820 words.
FACEBOOK-HOME DEVICE — Facebook is launching the first electronic device to bear its brand, a screen and camera-equipped gadget intended to make video calls easier and more intuitive. By Michael Liedtke and Barbara Ortutay. SENT: 130 words. UPCOMING: Will be updated, photos.
MARKETS & ECONOMY:
FINANCIAL MARKETS — Losses for technology and energy stocks are leading U.S. indexes lower in early trading on Wall Street. SENT: 430 words, photos. UPCOMING: About 700 words by 5 p.m.
PRODUCER PRICES — The Labor Department reports on U.S. producer price inflation in September. By Christopher Rugaber. UPCOMING: 130 words after release of report at 8:30 a.m. 300 words by 9:15 a.m.
CORPORATE DEALS — Executives around the world are cooling to the idea of mergers and acquisitions in the face of rising trade tensions, notably between the U.S. and China, a leading adviser on international corporate deals said. By Pan Pylas. SENT: 560 words, photo.
ABU DHABI-OIL — A subsidiary of General Electric Co. has agreed to purchase a 5-percent stake in the drilling arm of Abu Dhabi’s state oil company for $550 million. SENT: 120 words.
ONE CHAMPIONSHIP-INVESTMENT — One Championship says it has closed a $166 million financing round led by Sequoia Capital, pushing the Asian mixed martial arts promotion’s total capital base past $250 million. SENT: 130 words.
TECHNOLOGY & MEDIA:
BRITAIN-GOOGLE — A British court has blocked a suit against Google on allegations that it had collected personal data on some 4 million iPhone users. SENT: 120 words.
CHINA-CHIP HACK — A Chinese government spokesman has sidestepped questions about a report that its spies inserted chips into computer equipment that might allow them to hack into U.S. companies and government agencies. SENT: 140 words.
RUSSIA-CYBERATTACKS — Russian Foreign Minister Sergey Lavrov says suspected Russian spies accused of trying to hack into the world’s chemical weapons watchdog weren’t doing anything illegal. SENT: 130 words, photo.
HONG KONG-EDITOR’S VISA — Hong Kong journalist groups have expressed dismay over the government’s refusal to renew a work visa for a Financial Times editor. SENT: 370 words, photos.
NERDWALLET-LIZ WESTON-PAYING-FOR-COLLEGE — Four in 10 families who hope to send kids to college aren’t saving for that goal, and many who have aren’t saving enough. Here are some steps to take now that can help expand your options. By Liz Weston. NerdWallet. UPCOMING: 900 words.
GERMANY-ECONOMY — German factory production dropped in August for the third straight month in a disappointing trend for Europe’s largest economy. SENT: 110 words.
AUSTRALIA-OPERA HOUSE — A plan to project a horse racing advertisement on the famed sails of the Sydney Opera House is dividing Australians. SENT: 530 words, photo.
GERMANY-OKTOBERFEST — More than 6 million visitors, 7.5 million liters of beer, 124 rotisserie oxen and Bill Clinton in lederhosen; another Oktoberfest in Munich has come and gone. SENT: 140 words, photos.