BC-APFN-Business News Preview
Among the stories Tuesday from The Associated Press:
THE LONGEST BULL MARKET-DEBATE — While some market experts, including those who compile the benchmark S&P 500 index, say the current bull market is two days away from becoming the longest ever, others contend it has many months to go to set the record. The dispute revolves around a downturn in the middle of 1990 — and the familiar mathematical concept of rounding. UPCOMING: 350 words by 1 p.m., photos.
ANIMAL CRACKERS-UNCAGED — After more than a century behind bars, the beasts on boxes of animal crackers can now roam free. The parent company of Nabisco has redesigned its packaging after relenting to pressure from PETA. By Dee-Ann Durbin. SENT: 480 words, photos.
MARKETS & ECONOMY:
FINANCIAL MARKETS — Stocks are opening higher on Wall Street as homebuilders and other companies posted solid results. SENT: 460 words, photos. UPCOMING: Will be updated through 5 p.m.
TOLL ROADS-OIL BOOM — New Mexico Republican gubernatorial Steve Pearce is calling for a system of toll roads in southeastern New Mexico to serve booming oilfield and other commercial traffic from the Delaware Basin of New Mexico and Texas — one of the most-productive oil and gas plays in the world.
FASHION-SMALL MANUFACTURERS — Customer demand for something unique is helping small clothes manufacturers buck the globalization trend and create jobs in developed countries that had long seen such work disappear. While international brands like H&M and Zara still dominate the clothing market, small manufacturers are finding a niche by using technology and skill to bring down costs and targeting well-heeled customers who are willing to pay a little more for clothes that aren’t churned out by the thousands half a world away. By Danica Kirka. SENT: 1,110 words, photos.
HERBALIFE-CIRCLE OF SUCCESS — Some distributors who claim they were duped by Herbalife’s promises they’d get rich selling health and personal care products are suing the company for as much as $1 billion in damages.
3D GUNS-LAWSUIT — Lawyers representing 11 states and the District of Columbia are seeking an injunction that will force the Trump administration to dissolve a settlement it reached with a company that wants to post instructions online for making 3D-printed firearms.
TRUMP-CLIMATE PLAN — The Trump administration is set to roll back the centerpiece of President Barack Obama’s efforts to slow global warming, the Clean Power Plan that restricts greenhouse gas emissions from coal-fired power plants. By Matthew Daly. SENT: 810 words, photos.
ATLANTA MEGAPROJECT-AMAZON — As Amazon.com prepares to select its site for a second headquarters, Atlanta leaders want to know more about plans for a colossal development project downtown. Jeff Martin. SENT: 220 words.
GARDENING-MILKWEED COATS — An initiative to market milkweed for the benefit of monarch butterflies — and the farmers in Quebec and Vermont who grow it — is getting a boost from a Canadian parka company that is renewing its commitment to sell coats made with the plant’s floss. SENT: 390 words, photos.
EARNS-KOHL’S — Kohl’s breezed past profit and revenue expectations for the second quarter and raised its outlook for the year, only to be punished by investors before the opening bell Tuesday. SENT: 440 words, photos.
MEDIA & TECHNOLOGY:
CRAZY RICH ASIANS — The craze for “Crazy Rich Asians” is hitting Asia, with a premiere in Singapore to be followed by openings in several neighboring countries later this week. Much of the movie was set in the wealthy city-state and the red carpet premiere Tuesday night for the over-the-top romantic comedy was expected to draw an enthusiastic crowd after its box-office bonanza in the U.S. Critics say its satirical portrayal of an uber rich Singaporean Chinese family fails to showcase the city’s ethnic diversity. By Derek Cai. SENT: 700 words, photos.
MICROSOFT-RUSSIAN HACKING — Microsoft says it’s discovered new Russian hacking attempts targeting U.S. political groups ahead of the midterm elections. By Matt O’Brien. SENT: 570 words, photos.
NERDWALLET-DEBT-FREE VACATION — Vacations can be expensive, but with some clever planning, you can take your break without taking on debt. Tactics include finding cheap flights, saving in advance and using your credit card strategically. By NerdWallet columnist Sean Pyles. UPCOMING: 785 words by 11 a.m.
BREXIT — A group that represents U.K. hospitals and ambulance services has warned that its members may run out of drugs if Britain leaves the European Union without an agreement on future relations. By Jill Lawless. SENT: 370 words.
GREECE-NO BAILOUT — Greece remains shackled to the austerity demands of its former creditors even though it officially entered its post-bailout era Tuesday. Though the country has little fear of new calls for cutbacks from abroad, its hard-won fiscal freedom still carries a high price. By Nicholas Paphitis. SENT: 870 words, photos.
MALAYSIA-CHINA-PROJECTS-SUSPENDED — Multibillion-dollar China-financed projects in Malaysia have been canceled because they aren’t needed and will saddle the country with an unsustainable amount of debt, Malaysian Prime Minister Mahathir Mohamad told reporters on the final day of a visit to Beijing on Tuesday. By Christopher Bodeen. SENT: 540 words, photos.
RUSSIA SANCTIONS — Britain wants the European Union to ensure its sanctions on Russia are sufficiently comprehensive in response to accusations Moscow poisoned a former Russian spy in Britain, using a nerve agent. SENT: 310 words.
MOLDOVA-GAS — Moldova’s government says it will wait for a new Romanian gas pipeline to be built rather than extend a deal with Russian energy company Gazprom. SENT: 140 words.