BC-APFN-Business News Preview
Among the stories Friday from The Associated Press:
APPLE-CHEAPER IPHONES — Apple’s $1,100 price tag on its latest iPhone got much of the attention during the company’s unveiling event. But for 60 percent less, you can still get a good camera and what used to be the iPhone’s standard size in the two-year-old iPhone 7. As the new phones go on sale Friday, here’s a look at what you’re getting with each model. By Anick Jesdanun. SENT: 900 words, photos.
OIL AND THE ECONOMY — Higher oil prices hurt consumers, but modest increases don’t have to crimp the economy. The negative effects of rising oil prices are partly offset by increased spending as the growing U.S. energy sector searches for more oil and natural gas. By David Koenig. UPCOMING: 700 words by 10 a.m.
TROPICAL WEATHER-HOMEOWNERS-Q&A — As people in the Carolinas assess Hurricane Florence’s damages to their homes — and some still wait to go home — Insurance industry experts say there are a number of things homeowners should know as they try to recover from the mess that follows a natural disaster. By Sarah Skidmore Sell. UPCOMING: 800 words by 2 p.m., photos.
TROPICAL WEATHER-AGRICULTURE — Hurricane Florence is testing the resolve of farmers in the Carolinas, who could face billions of dollars in agricultural damage while still feeling the sting from Hurricane Matthew in 2016. By Gary D. Robertson and Emery P. Dalesio. SENT: 880 words, photo.
IRAN-STALLING CAR INDUSTRY — As Iran’s rial currency suffers precipitous falls against the U.S. dollar, cars are growing more and more expensive as foreign manufacturers pull out of the country and foreign-produced parts become harder to find. By Nasser Karimi. SENT: 1,050 words, photos.
MARKETS & ECONOMY:
FINANCIAL MARKETS — Stocks are opening higher on Wall Street, building on gains the market made a day earlier. SENT: 430 words, photos. UPCOMING: Will be updated through the end of trading, about 700 words by 5 p.m.
THAILAND-FORD MOTOR — A Thai court has ordered Ford Motor Co. to pay 291 customers a total of about $720,000 in compensation for selling cars equipped with faulty transmissions. By Tassanee Vejpongsa. SENT: 430 words, photos.
TECHNOLOGY & MEDIA:
MICRON-TARIFFS — Micron’s stock is down nearly 6 percent ahead of the opening bell with collateral damage from the U.S.-China trade war overshadowing a strong performance from the chipmaker in its most recent quarter. SENT: 130 words, photo.
BREXIT — British Prime Minister Theresa May says Brexit negotiations are “at an impasse” after the European Union rejected her proposals for leaving the bloc. Speaking at 10 Downing St. in London, May said it was “not acceptable” that the EU had rejected her plan without offering alternatives. By Jill Lawless. SENT: 820 words, photos.
WTO-US-CHINA — A World Trade Organization arbitrator will step into a years-old dispute brought by China over U.S. anti-dumping measures. SENT: 140 words.
RUSSIA-US — The Kremlin dismisses the latest round of U.S. sanctions that affected an aircraft-making factory as an “unfair” move to undercut Russia as a major arms exporter. SENT: 130 words, photo.
CROATIA-DUBROVNIK-TOURIST CRUSH — The Croatian town of Dubrovnik, which has been used to film ‘Game of Thrones,’ is a prime example of the negative effects of mass tourism. By Dusan Stojanovic. SENT: 700 words, photos.
CHINA-CORRUPTION — The head of China’s energy planning agency has been snared in President Xi Jinping’s marathon anti-corruption campaign. SENT: 200 words, photo.
GERMANY-FOREST STANDOFF — A German energy executive whose company plans to clear an ancient forest to expand a lignite strip mine says it’s an “illusion” to think the woodland can be saved, and halting the project would cost his firm up to 5 billion euros ($5.9 billion). SENT: 140 words, photo.