BC-Business News Preview
Among the stories Thursday from The Associated Press:
GOVERNMENT SHUTDOWN-UNEMPLOYMENT _ Hundreds of federal workers and contractors have been applying for unemployment benefits amid the record-long government shutdown, putting a strain on state unemployment agencies. There is confusion about whether the workers qualify for the benefits, and unemployment officers trying to get answers from the U.S. Labor Department can’t find anyone to take their calls because of the shutdown. By Michelle Smith. UPCOMING: 800 words, photos, video.
_ UNEMPLOYMENT BENEFITS _ The number of furloughed federal employees seeking unemployment benefits jumped in the first two weeks of the shutdown, topping 10,000 during the week of Jan. 5. By Christopher Rugaber. SENT: 320 words, photo.
_ GOVERNMENT SHUTDOWN-AVIATION _ TSA officials say the rate of airport screeners missing work during the partial government shutdown has stabilized just days before a three-day holiday weekend that is likely to bring bigger airport crowds. SENT: 400 words, photos, video.
PRIVACY LAW-BATTLE LINES _ Consumer advocates and the data-hungry technology industry are drawing early battle lines in advance of an expected fight this year over what kind of federal privacy law the U.S. should have. By Rachel Lerman and Tali Arbel. SENT: 840 words, photos.
US-CHINA-TRADE _ In a possible sign of progress toward ending a costly tariff war over Beijing’s technology ambitions, the top U.S. and Chinese trade envoys will hold talks in Washington later this month. By Joe McDonald. SENT: 960 words, photo.
GYMBOREE-BANKRUPTCY _ Gymboree is filing for bankruptcy protection for a second time in as many years, but this time the children’s clothing retailer will begin winding down operations for good. SENT: 300 words, photo.
MARKETS & ECONOMY:
FINANCIAL MARKETS _ U.S. stocks are opening slightly lower as banks fell after a series of disappointing quarter reports. SENT: 600 words, photo. UPCOMING: 700 Words By 5 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.
EARNS-MORGAN STANLEY _ Morgan Stanley says fourth-quarter profit totaled $1.53 billion, more than double from the year-ago quarter. By Ken Sweet. SENT: 250 words.
EARNS-AMERICAN EXPRESS _ American Express Co. reports quarterly financial results after the market closes. UPCOMING.
EARNS-NETFLIX _ Netflix Inc. reports quarterly financial results after the market closes. UPCOMING.
OFF THE CHARTS-THIRSTY FOR GROWTH _ The makers of Budweiser, Coors and other large-scale brewers are placing their bets on cannabis as a way to fight saturated markets and shifting consumer trends. By Damian Troise. SENT: 420 words, photos.
JAPAN-NISSAN-GHOSN _ A Tokyo court rejects another appeal by lawyers of Nissan’s former chairman Carlos Ghosn to have him released on bail. By Mari Yamaguchi. SENT: 230 words, photos.
BRITAIN-NUCLEAR POWER PLANT _ Work on a major new nuclear power station in Britain was suspended after the contracted developer, Japan’s Hitachi, said that it has been unable to agree on financing with the U.K. government. SENT: 400 words, photos.
TECHNOLOGY & MEDIA:
FACEBOOK-RUSSIA-FAKE ACCOUNTS _ Facebook says it has removed hundreds of Russia-linked pages, groups and accounts that it says were part of two big disinformation operations, in its latest effort to fight fake news. By Kelvin Chan. SENT: 480 words, photo.
TURKEY-JOURNALIST DEPORTED _ Turkish authorities have detained and later deported a Dutch journalist, her newspaper said Thursday _ the latest foreign reporter to be ousted from the country, which is frequently accused of stifling media freedoms. By Suzan Fraser. SENT: 450 words.
NERDWALLET-COLLEGES HELP _ With collective U.S student loan debt nearing $1.5 trillion, some colleges are testing innovative solutions to help reduce student borrowing. Using no-strings-attached student loan payoff-assistance programs, college loan alternatives and annual student debt letters, these three universities are doing their part to curb college debt. By NerdWallet Columnist Teddy Nykiel. SENT: 800 words, photo.
BREXIT-EUROPE _ France is spending 50 million euros ($57 million) to beef up security at airports and the Eurotunnel, hiring hundreds of extra customs officers and issuing emergency decrees to gear up for the increasingly likely possibility that Britain will leave the European Union on March 29 without a plan. By Angela Charlton. SENT: 610 words, photos.
BREXIT _ British Prime Minister Theresa May was consulting opposition parties and other lawmakers Thursday in a battle to put Brexit back on track after surviving a no-confidence vote, though there was little immediate sign of a breakthrough. By Jill Lawless and Gregory Katz. SENT: 780 words, photos.
SRI LANKA-CHINA LOAN _ Sri Lanka is considering a $300 million loan offer from the Bank of China as it prepares to repay foreign debts this year, a Finance Ministry official said. The government has appointed a three-member committee to negotiate the deal, according to Finance Ministry spokesman M.R. Hasan. SENT: 230 words.
JAPAN-ECONOMY _ Japan faces unforeseen risks in guiding economic policy as its population of about 126 million ages and declines, the governor of its central bank said Thursday. By Kaori Hitomi. SENT: 530 words, photos.
TUNISIA-STRIKE _ Workers around Tunisia are on strike to demand higher pay in a standoff with a government struggling to reduce unemployment, poverty and social tensions. By Bouazza Ben Bouazza. SENT: 370 words, photos.
GREECE-TEACHERS STRIKE _ Striking school teachers and other Greek civil servants shut down central Athens for hours during a protest of new hiring criteria for teachers that were under consideration in parliament. SENT: 220 words, photos.