BC-APFN-Business News Preview
Among the stories Tuesday from the Associated Press:
CBS-MOONVES-WATERSHED MOMENT? — Les Moonves is the most powerful CEO to be brought down by sexual misconduct allegations since the Harvey Weinstein scandal nearly a year ago, and CBS Corp. is facing a barrage of criticism for its handling of the allegations. Could the departure of Moonves be a watershed moment for the #MeToo movement? By Alexandra Olson. UPCOMING: 900 words by 2 p.m., photo. By Alexandra Olson. UPCOMING: 900 words by 2 p.m., photo.
CHINA-US-TARIFF FIGHT — Amid a worsening tariff battle, China is putting off accepting license applications from American companies in financial services and other industries until Washington makes progress toward a settlement, an official of a business group says. By Joe McDonald. SENT: 810 words, photos.
TRADE-CHINA-US — The World Trade Organization says its dispute settlement body will take up China’s request to be allowed to impose sanctions against the United States for failing to abide by a WTO ruling on anti-dumping measures. SENT: 130 words.
CHINA-AUTO SALES — Chinese auto sales fell for a second month in August, adding to signs of economic malaise amid a worsening tariff battle with Washington. SENT: 380 words.
CHINA-NEW SILK ROAD — Chinese-financed railways and other projects in Africa and Asia are helping to reduce economic inequality between regions in the countries where they are built, a group of multinational researchers say. By Joe McDonald. SENT: 920 words, photos.
MARKETS & ECONOMY:
FINANCIAL MARKETS — Stocks are opening lower on Wall Street as investors react to another increase in trade tensions between China and the U.S. SENT: 450 words, photos. UPCOMING: 700 words by 5 p.m.
JOB OPENINGS — The Labor Department reports on job openings and labor turnover for July. By Christopher Rugaber. UPCOMING: 130 words after release of report at 10 a.m. 350 words by 11:15 a.m.
GERMANY-RYANAIR STRIKE — German unions are calling on Ryanair pilots and flight attendants in the country to stage a one-day strike on Wednesday, citing what they say is the lack of a satisfactory offer on pay and conditions. SENT: 320 words.
GERMANY-DEPARTMENT STORES — Germany’s two main department store chains are set to merge in a deal under which Canada-based Hudson’s Bay Co. will form a joint venture with Austria’s Signa. SENT: 130 words.
CALIFORNIA MARIJUANA-TESTING — Nearly 20 percent of marijuana products in California have failed tests for potency and purity since the state started requiring the checks on July 1, a failure rate some in the industry say has more to do with unrealistic standards and technical glitches than protecting consumer safety. By Michael R. Blood. SENT: 1,000 words, photos.
CONGRESS-HEALTH OVERHAUL — Arizona’s new Republican senator says he’d vote to repeal former President Barack Obama’s prized health care law, but GOP leaders still lack the votes to succeed despite years of trying to demolish it. By Alan Fram. SENT: 960 words, photo.
TECHNOLOGY & MEDIA:
AMAZON-REAL CHRISTMAS TREES — Watch out for the 7-foot box on the doorstep. Amazon plans to sell and ship fresh, full-size Christmas trees this year. But a live tree is no paperback book. Amazon says the Christmas trees, including Douglas firs and Norfolk Island pines, will be bound and shipped without water in the usual sort of Amazon box. Amazon said they’ll be sent within 10 days of being cut down, possibly even sooner, and should survive the shipping just fine. By Joseph Pisani. UPCOMING: 300 words, photo by noon.
TESLA-COLORS — Tesla is dropping two of the seven standard colors it had offered to customers as it tries to streamline production. SENT: 120 words, photo.
SWEDEN-VOLVO IPO-TARIFFS — The CEO of Swedish automaker Volvo Cars, owned by China’s Geely holding company, says “the timing right now is not optimal” for an initial public offering, citing “an escalating trade war, tariffs and market volatility.” SENT: 130 words.
NERDWALLET-ASK BRIANNA-GUILT-FREE SPENDING — You can — and should — do things you love despite dealing with student loan debt. Keep your big expenses low, get serious about setting aside “fun” money, and pick activities that will bring you lasting joy. By Brianna McGurran, NerdWallet. UPCOMING: 750 words by 11 a.m., photo.
BREXIT — Leading bankers have sought to downplay the immediate impact of Brexit on London’s position as the hub of the financial services industry in Europe. By Pan Pylas. SENT: 620 words.
BRITAIN-BANK OF ENGLAND — The Bank of England’s Mark Carney agrees to extend his period as governor by six months until January 2020 in order to help out in the initial phases of Britain’s exit from the European Union. By Pan Pylas. SENT: 360 words, photo.
BRITAIN-ECONOMY — Household incomes in the U.K. picked up during the summer, a development that, if sustained, should shore up the British economy in the run-up to Brexit. By Pan Pylas. SENT: 420 words, photo.
EUROPE-ECONOMY — A survey shows that optimism among investment professionals about Germany’s economy rose in September amid relief over a trade cease-fire between U.S. President Donald Trump and the European Union. SENT: 130 words.
SKOREA-DUMPLING AUTOMATION — Move over pot stickers, Korean dumplings are getting ready to go global with multimillion-dollar bet by South Korea’s largest food company. By Youkyung Lee. SENT: 500 words, photos.