BC-Business News Preview
Among the stories Tuesday from The Associated Press:
US-CHINA TRADE TALKS-HUAWEI _ The Trump administration’s unveiling of criminal charges against the Chinese tech giant Huawei has complicated high-level talks set to begin Wednesday in Washington that are intended to defuse the trade war between the administration and Beijing. By Christopher Rugaber. SENT: 800 words, photos.
US-CHINA-HUAWEI _ China calls on Washington to “stop the unreasonable crackdown” on Huawei after the U.S. escalated pressure on the tech giant by indicting it on charges of stealing technology and violating sanctions on Iran. By Joe McDonald. SENT: 990 words, photos.
_ US-CHINA-HUAWEI-THE LATEST _ Running updates.
_ More on Huawei in a separate section below
CALIFORNIA WILDFIRES-UTILITY BANKRUPTCY _ Pacific Gas & Electric Corp., the nation’s biggest utility, filed for bankruptcy reorganization Tuesday in a bid to relieve itself of some of the billions of dollars in damages it could face as a result of California’s devastating wildfires. By Sudhin Thanwala. SENT: 500 words, photos, video.
FED-3 THINGS TO WATCH FOR _ The Federal Reserve is set Wednesday to leave its key short-term interest rate alone and to signal that it will remain cautious this year about raising rates further. At a news conference, Chairman Jerome Powell could shed further light on the pressures facing the U.S. economy — from a global slowdown and a trade war with China to slowing corporate earnings and a nervous stock market. Here are three things to watch for after the Fed meeting ends Wednesday afternoon. By Martin Crutsinger. UPCOMING: 800 words by 1 p.m.
APPLE-LIFE BEYOND THE IPHONE _ Apple’s latest earnings report will be the first in years in which it doesn’t report iPhone unit sales – an attempt, analysts say, to conceal a downturn in its most important business as the company tries to squeeze out profits by selling fewer phones at higher prices. Trouble is, it doesn’t seem to be working. By Michael Liedtke. UPCOMING: 600 words by 5:30 p.m. Will incorporate EARNS-APPLE.
APPLE-FACETIME BUG _ Apple has made the group chat function in FaceTime unavailable after users said there was a bug that could allow callers to activate another user’s microphone remotely. SENT: 200 words, photo.
MARKETS & ECONOMY:
FINANCIAL MARKETS _ Stocks are opening slightly higher on Wall Street as several big U.S. companies reported solid results for the latest quarter. SENT: 580 words, photos. UPCOMING: 700 words by 5 p.m.
WORLD CORRUPTION _ Countries like Hungary and Turkey are growing more corrupt as they become more autocratic, and threats to the American system of checks and balances have knocked the United States out of the top 20 “cleanest” countries, according to a closely watched annual survey. By David Rising. SENT: 580 words, photos.
CONSUMER CONFIDENCE _ The Conference Board releases its January index on U.S. consumer confidence. UPCOMING: 130 words after release of report at 10 a.m. 300 words by 10:45 a.m.
HOME PRICES _ U.S. home prices rose at a slower pace in November, as sales have tumbled and affordability has deteriorated for many would-be buyers. By Josh Boak. SENT: 270 words, photo.
MORE ON HUAWEI:
CHINA-US-HUAWEI-Q&A _ A look at Huawei and controversies surrounding the company. By Joe McDonald. SENT: 1,120 words, photo.
HUAWEI-T-MOBILE’S ROBOT _ The U.S. government is alleging Chinese tech company Huawei went so far as to steal a robot’s arm in its bid to get its hands on T-Mobile’s trade secrets. By Tali Arbel. SENT: 700 words, photos.
WORKSPACES FOR WOMEN _ There is a growing number of women-only and women-focused workspaces around the country. While many predate the (hash)MeToo movement, their growth has been interlinked with it as it put combating workplace harassment on the national agenda. By Michelle R. Smith. SENT: 1,000 words, photos, video.
EARNS-PFIZER _ Pfizer lost $394 million in the fourth quarter as it booked billions in charges for layoffs and losses related to the acquisition of a trouble-plagued business that makes sterile injectable medicines. By Linda A. Johnson. SENT: 450 words, photo.
EARNS-HARLEY DAVIDSON _ Harley-Davidson’s fourth-quarter profit dropped from a year earlier, stung by a large restructuring expense. While its adjusted results met Wall Street’s view, revenue was pressured by lower sales in the motorcycle segment and a decline in shipments. SENT: 210 words, photo.
NORWEGIAN AIR-PROFIT WARNING _ Norwegian Air Shuttle becomes the latest budget carrier to cut its earnings outlook amid tough competition and after British Airways’ parent company, IAG, ruled out a bid for the loss-making company. SENT: 350 words, photo.
TECHNOLOGY & MEDIA:
EUROPE-FAKE NEWS _ European Union authorities are urging Facebook, Google and Twitter to work harder to combat fake news ahead of upcoming bloc-wide parliamentary elections. By Kelvin Chan. SENT: 510 words, photos.
GAMESTOP-NO SALE _ Shares in GameStop are getting hammered after the video game retailer says it is no longer pursuing a sale of the company. GameStop shares have fallen more than 20 percent in premarket trading. SENT: 130 words.
NERDWALLET-MILLENNIAL TV BUYING _ Super Bowl season is an excellent time to purchase a new TV, as long as you have room in your home and budget. Here’s what to consider before you buy, from size and price to accessories and installation. By NerdWallet columnist Courtney Jespersen. SENT: 730 words, photo.
VENEZUELA-POLITICAL CRISIS _ International challenges to the legitimacy of President Nicolas Maduro’s government began to bite harder as the United States handed control over Venezuela’s U.S. bank accounts to opposition challenger Juan Guaido and Russia announced it expects Venezuela to have problems paying its debts. SENT: 550 words, photo.
_ RUSSIA-VENEZUELA _ Russia says it expects Venezuela to have problems repaying debt ahead of an upcoming payment on a Russian loan. SENT: 160 words, photo.
BREXIT _ The British Prime Minister Theresa May says she plans to ask the European Union to change the Brexit divorce deal by altering an Irish border guarantee that is opposed by many British lawmakers. By Jill Lawless and Danica Kirka. SENT: 770 words, photos.
EUROPE-CANADA _ A key adviser to the European Union’s highest court says that a controversial element on dispute settlement in the free trade agreement with Canada complies with EU law. By Raf Casert. SENT: 350 words, photos.
EUROPE-US-SOYBEANS _ The European Union has approved U.S. soybean exports to be used in the production of biofuels in an effort to boost such imports following last summer’s trans-Atlantic meeting between President Donald Trump and his EU Commission counterpart Jean-Claude Juncker. SENT: 130 words, photo.
GREECE-ECONOMY _ Greece has launched a 5-year bond auction, the first time the country has tapped international capital markets for financing since it emerged from its bailout programs in August. SENT: 140 words, photos.
BRITAIN-MAN BOOKER PRIZE _ Britain’s leading literary award, the Man Booker Prize, faces uncertainty after its main financial backer announced it is ending its sponsorship after almost two decades. SENT: 140 words, photo.