BC-Business News Preview
Among the stories Friday from The Associated Press:
SEC-ELON MUSK — Tesla without Elon Musk at the wheel? To many of the electric car maker’s customers and investors that would be unthinkable. But that’s what government securities regulators now want to see. By Tom Krisher and Alexandra Olson. SENT: 1,030 words, photos.
— SEC-ELON MUSK-THE LATEST — Running updates.
UNRELIABLE MAPS — For centuries, people have relied on maps to figure out where they are and where they’re going. But today’s digital maps — seemingly more precise than ever —aren’t always as dependable as they appear. By Ryan Nakashima. SENT: 1,090 words, photos, video.
LUNCHBOX AUCTION — It’s a baby boomer’s delight. A veteran auctioneer has on display hundreds of vintage lunchboxes featuring the heroes of their childhood’s comic books, TV shows, cartoon strips, movies and more. J. Louis Karp’s family business in Cincinnati dates to 1870, and he says he’s never seen such a collection. It includes comic-book superheroes such as Superman and The Avengers, and stars of TV series, movies and cartoon strips. By Dan Sewell. SENT: 630 words, photos.
TAX OVERHAUL-PART TWO — Republicans push toward House passage a proposal to expand the new tax law by making permanent the individual and small-business tax cuts now set to expire in 2026. By Marcy Gordon. UPCOMING: 130 words after House vote, expected around noon, then 600 words by around 12:30 p.m.
MARKETS & ECONOMY:
FINANCIAL MARKETS — Stocks are opening slightly lower on Wall Street as the market gives back some of the ground it gained a day earlier. SENT: 590 words. UPCOMING: Will be updated through 5 p.m.
CONSUMER SPENDING — U.S. consumer spending edged up a moderate 0.3 percent in August, the smallest gain in six months, as sales of cars and other durable goods fell. By Martin Crutsinger. SENT: 360 words, photo.
EUROPE-ECONOMY — Underlying inflation across the 19-country eurozone remains stubbornly low, official figures show, in what is likely to be a disappointment to policymakers at the European Central Bank who have been predicting a pick-up. By Pan Pylas. SENT: 470 words, photos.
HONDA-TAKATA-RECALL — Honda says it will recall 1.4 million U.S. cars to replace Takata front passenger air bag inflators. SENT: 130 words.
JAPAN-HONDA RECALL — Honda is recalling about 232,000 2018 Accord vehicles and 2019 Insight hybrid cars in the U.S. for malfunctioning software for the rear camera display. SENT: 130 words, photos.
MAERSK-NORTHERN SEA ROUTE — Denmark’s A.P. Moller-Maersk, the world’s biggest shipping group, said Friday that one its cargo vessels has successfully passed through the Russian Arctic on a one-off trial journey as a result of melting sea ice. By Jan M. Olsen. SENT: 320 words.
AIRLINE EXECUTIVE-FATAL SHOOTING — The former CEO of Pinnacle Airlines has been fatally shot in Memphis, Tennessee. SENT: 170 words, photo.
EUROPE-RYANAIR STRIKE — Thousands of travelers in Europe saw their plans disrupted Friday after airline Ryanair cancelled some 190 flights because of strikes by cabin crew in Spain, Belgium, Holland, Portugal, Italy and Germany. SENT: 280 words, photos.
TECHNOLOGY & MEDIA:
DRONES-SECURITY — An aviation bill Congress is rushing to approve contains a little-noticed section that would give authorities the power to track, intercept and destroy drones they consider a security threat, without needing a judge’s approval. By David Koenig. SENT: 1,080 words, photo.
GOOGLE CEO-CONGRESS — Google CEO Sundar Pichai to meet with US lawmakers about allegations of political bias, internet regulations, antitrust concerns, potential expansion into China. By Michael Liedtke. SENT: 480 words, photos.
AUSTRALIA-PAPUA NEW GUINEA — A U.S. diplomat says the United States, Japan and Australia are cooperating on a domestic internet cable proposal for Papua New Guinea as an alternative to an offer by Huawei, the Chinese telecommunications giant that the United States regards as a cybersecurity threat. SENT: 140 words.
TAIWAN-ITRASH — Taipei City is launching a self-service garbage recycling system that allows users to obtain petty cash when they recycle metallic cans. When users put in glass bottles or metallic cans in the recycling machine, they can collect cash on their smart card in return, which most people here use to pay their metro rides. SENT: 200 words, photos.
BANGLADESH-SECURITY ACT — Journalists and human rights groups are demanding major amendments to a bill recently passed in Bangladesh’s Parliament, saying it will further choke constitutionally protected freedom of speech. By Julhas Alam. SENT: 750 words, photos.
ITALY-BUDGET — Italy’s stock market falls sharply after the new populist, euroskeptic government announced a sharp public spending increase that will push the budget deficit to 2.4 percent of gross domestic product next year, risking a collision with the European Union. SENT: 410 words, photos.
AUSTRALIA-BANK INQUIRY — A government-commissioned inquiry into misconduct in Australia’s banking and financial services industry found that most of the misbehavior either went unpunished or the consequences did not reflect the seriousness of the violations. By Rod McGuirk. SENT: 530 words, photos.
CHINA-CORRUPTION — A former Chinese stock market regulator who is detained after a collapse in share prices in 2015 was sentenced to 18 years in prison on charges of taking bribes and insider trading. SENT: 290 words, photos.
JAPAN-NUCLEAR — The operator of Japan’s wrecked Fukushima nuclear plant says much of the radioactive water stored at the plant isn’t clean enough and needs further treatment if it is to be released into the ocean. SENT: 130 words.