BC-APFN-Business News Preview
Among the stories Wednesday from The Associated Press:
APPLE SHOWCASE — New iPhones, including Apple’s biggest and most expensive yet, are expected to be unveiled Wednesday at a company event in Cupertino, California. By Michael Liedtke. SENT: 400 words, photos. UPCOMING: Will be updated after the event starts at 1 p.m., photos, video.
APPLE SHOWCASE-THE LATEST — Running updates.
TROPICAL WEATHER-ECONOMIC DAMAGE — Stores, restaurants and factories will close. Shipping will face disruptions at ports in Charleston and possibly Virginia Beach, upending supply chains and the movement of cargo. Those stoppages, in turn, will likely interrupt other business activity, like auto plants in South Carolina, where BMW, Volvo, Daimler manufacture vehicles. Though it’s far from clear how much economic havoc Hurricane Florence will inflict on the mid-Atlantic region, the damage will not be easily or quickly overcome. By Christopher Rugaber. UPCOMING: 500 words by 11 a.m.
SMALL TALK-LETTING GO — When a business is large enough that the owner must delegate decisions and tasks, even to trusted employees, it can be difficult to cede control. Experts say people need to accept that the tasks they delegate won’t be done perfectly all the time, but delegating allows employees to grow and lets owners concentrate on things only they can truly do. By Joyce M. Rosenberg. UPCOMING: 800 words by noon, photos.
ON THE MONEY-PERSONAL LOANS — Personal loans are enjoying a resurgence thanks to everyone from credit card averse millennials to those borrowing for big expenses. Experts weigh in on how to best use this increasingly popular form of debt. By Sarah Skidmore Sell. UPCOMING: 750 words by noon, photos.
IRAN-CHINA — From Chinese goods flooding markets to its business people eager for deals as Western business interests flee, Iran likely will further embrace Beijing as an alternative market for its crude oil and financial transactions amid uncertainty over the nuclear deal. That doesn’t mean China offers a safe haven to Iran without conditions. By Jon Gambrell. SENT: 1,050 words, photos.
MARKETS & ECONOMY:
FINANCIAL MARKETS — Stocks are mixed at the open after two days of gains. Energy stocks are higher as Hurricane Florence heads for the U.S. East Coast. SENT: 580 words, photos. UPCOMING: 700 words by 5 p.m.
ECONOMY-HOUSEHOLD INCOME — An annual Census Bureau report is expected to show that pay gains slowed for middle-class Americans in 2017 and that the income gap between them and wealthier households might have further widened. By Christopher Rugaber. Upcoming: 300 words by 11 a.m., 750 words by 3 p.m.
PRODUCER PRICES — U.S. wholesale prices fell unexpectedly last month for the first time since February 2017, pulled down by falling prices for transportation and warehousing services. The drop suggests that inflationary pressures may be easing despite the strength of the U.S. economy. By Paul Wiseman. SENT: 270 words, photos.
NEW ATLANTIC CITY CASINOS — Figures released by New Jersey gambling regulators show how Atlantic City’s two new casinos did in their first two full months of operation. UPCOMING, timing uncertain.
PIPELINE-IOWA-LANDOWNERS LAWSUIT — The Iowa Supreme Court will hear arguments Wednesday in a lawsuit filed by a group of landowners who claim the forced taking of their land for the Dakota Access oil pipeline through eminent domain is illegal under the Iowa Constitution because it provides no public service to Iowans. UPCOMING, timing uncertain.
TECHNOLOGY & MEDIA:
EUROPE-ONLINE EXTREMISM — European authorities are planning to slap internet companies like Google and Facebook with big fines if they don’t take down extremist content within one hour. SENT: 360 words, photo.
EUROPE-COPYRIGHT — European Union lawmakers vote in favor of new copyright rules that could shake up the way internet companies use media, books, music and other content posted online. By Lorne Cook. SENT: 320 words, photos.
FILM-A STAR IS BORN-PRODUCER CREDIT — Just as film festival audiences are swooning over Bradley Cooper’s celebrated romance “A Star Is Born,” the film’s studio is distancing itself from a producer of the project. By Jake Coyle. SENT: 430 words, photos.
GERMANY-RYANAIR STRIKE — German unions have called on Ryanair pilots and flight attendants in the country to stage a one-day strike, citing what they say is the lack of a satisfactory offer on pay and conditions. SENT: 140 words.
VIETNAM-ASEAN — A top Chinese official and leaders of several Southeast Asian countries say that moves by the U.S. to limit trade and protect American businesses pose a grave threat to the world economy. By Elaine Kurtenbach and Minh Van Tran. SENT: 570 words, photos.
BREXIT — Leading Brexit-supporting lawmakers insist that they aren’t about to topple Prime Minister Theresa May, despite strong opposition to her plan for taking Britain out of the European Union. By Jill Lawless. SENT: 630 words, photos.
EUROPE-ECONOMY — Official figures show that industrial production across the 19-country eurozone fell sharply during July, the latest signal that economic growth across the bloc faltered at the start of the third quarter. SENT: 140 words, photo.
BRITAIN-INDIAN TYCOON — Indian entrepreneur Vijay Mallya, once a leading figure among India’s business elite, has resumed his long-running fight against extradition to India on money laundering allegations. By Gregory Katz. SENT: 390 words, photos.