BC-APFN-Business News Preview
Among the stories Friday from The Associated Press:
WAR ROBOTS — The Army is looking for a few good robots. Not to fight — not yet, at least — but to help the men and women who do. At stake is a contract worth almost half a billion dollars for 3,000 backpack-sized devices that can defuse bombs and scout enemy positions. Competition for the work has spilled over into Congress and federal court. By Technology Writer Matt O’Brien. SENT: 1,260 words, photos, video.
EURO-20 YEARS — The euro is about to turn 20, but the countries that use it are still wrestling over how the shared currency should work — and how to fix flaws exposed by a debt crisis that scarred its second decade. By David McHugh and Derek Gatopoulos. SENT: 920 words, photos.
EURO AT 20-GLOSSARY — The euro, Europe’s shared currency, turns 20 on Tuesday. Here are some key terms to know. SENT: 350 words, photo.
NKOREA-THE SINGAPORE CONNECTION — Despite the unwanted publicity of a criminal trial for one of their main suppliers, business is booming at Pyongyang’s ‘Singapore shops,’ which sell everything from Ukrainian vodka to brand-name knock-offs from China. The stores stock many of the very things United Nations’ sanctions banning trade in luxury goods are intended to block and provide a nagging reminder that not all potential trade partners are lining up behind the U.N.’s pronouncements or the Trump administration’s policy of maximum pressure on the North. By Eric Talmadge. SENT: 1,040 words, photos.
MARKETS & ECONOMY:
FINANCIAL MARKETS — Stocks are opening higher as U.S. markets try to maintain the momentum from a late-day rally on Thursday. SENT: 510 words, photos. UPCOMING: Will be updated throughout trading day, about 700 words by 5 p.m.
YE--MARKETS-THE YEAR IN 10 CHARTS — Wall Street started 2018 strong, buoyed by a growing economy and corporate profits, then got nervous. By Alex Veiga. SENT: 850 words, photos. Also moved in a previous cycle.
PENDING HOME SALES — Fewer Americans signed contracts to buy homes in November as higher mortgage rates and prices squeezed would-be buyers out of the market, especially in the West. By Paul Wiseman. SENT: 120 words. UPCOMING: 300 words.
TESLA-BOARD — Tesla is naming Oracle’s Larry Ellison and an executive from Walgreens to its board as part of a settlement with U.S. regulators who demanded more oversight of CEO Elon Musk. SENT: 130 words. UPCOMING: Will be updated.
TRADER JOES-FOOD BANK — Severe storms caused a New Orleans area Trader Joe’s store to lose power, prompting the chain to donate more than 10,000 pounds (4,500 kilograms) of perishable groceries to a food bank. SENT: 100 words.
GOVERNMENT SHUTDOWN — It’s looking increasingly like the partial government shutdown will be handed off to a divided government to solve in the new year — the first big confrontation between President Donald Trump and Democrats — as agreement eludes Washington in the waning days of the Republican monopoly on power. By Juliet Linderman and Lisa Mascaro. SENT: 1,020 words, photos, video.
KOREAS-HACKING ATTACK — South Korea says it’s responding to a hacking attack that stole the names and addresses of nearly 1,000 North Korean defectors who resettled in the South. SENT: 190 words, photo.
SPAIN-ECONOMY — Spain’s national statistics office says that the country’s economy grew 0.6 percent in the third quarter of 2018. SENT: 130 words.
ITALY-CONTE — Italy’s premier has denied that the country’s new budget was dictated by the European Commission, saying that he held firm on key points including a basic income for job-seekers and rollbacks in an unpopular pension reform. SENT: 390 words, photos.